Tonbow Imaging, a Bangalore-based startup has signed a $1million contract to manufacture and export ‘night-vision sights’ for guns which will then be sold by a U.S. company to the Peruvian army. The device will be fitted on rifles supplied to Peru by U.S. manufacturer Unified Weapon Systems Inc. (UWS). The...
India Startup Plays Transformative Role in Industrial IoT
Startup Flutura, located in Bangalore, India, makes an IoT product that captures data streaming from various sensors on machines to analyze their health and predict problems. Derick Jose, co-founder of Flutura, describes its IoT product Cerebra as a “Fitbit for machines.” The Cerebra platform connects assets used in industries to correlate,...
Globant Launches Development Center in Pune, India
Luxembourg headquartered and NYSE-listed Globant, a technology services company, is expanding its operations in India with the launch of its new development center in Pune, 90 miles to the east of Mumbai, reports Business Standard. The Pune center is equipped to house 1,200 employees. Guibert Englebienne, Globant chief technical officer...
Flipkart Claims User Base Exceeds 100 Million
India's e-tailer Flipkart crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. Its investors include Tiger Global, Naspers, Accel Partners, Morgan Stanley Investment Management, T Rowe, and GIC, Singapore’s sovereign wealth fund. The Bangalore-based company doubled its user base over the...
ISRO Places 8 Satellites in Two Different Orbits
India's Space Research Organization has successfully launched 8 satellites in two different orbits in a first ever payload launch of the kind. Mashable reports that the entire mission took 25 days since the team experienced many unprecedented challenges. The Polar Satellite Launch Vehicle -C35 had to be re-ignited a second...
Twitter Lays Off Engineering Team in India
Twitter is closing down its engineering operations out of Bangalore, India, and is laying off some 20 engineers in the process, the company confirmed to TechCrunch. The number is a very small percentage of its overall staff of 3,800 people internationally. The company will continue to operate three offices in...