Tag Archives: million

Xiaomi Redmi Note 4 Claimed to Sell 5 Million Units Within Six Months in India

Xiaomi Redmi Note 4, after becoming the fastest to reach 1 million units, has now reached another milestone. Xiaomi claims that it sold 5 million Redmi Note 4 units in six months. The company in a release claimed that it sold 5 million units of its Redmi Note 4 (Review) within six months of launch between a period of January… Read More »

Raytheon receives $66.4 million contract for SM-3 Block IIA missile

Raytheon Missile Systems has received a $66.4 million modification to an existing contract for the Standard Missile-3 Aegis Ashore ballistic missile defense program for the U.S. Missile Defense Agency. The modification will provide for engineering work, support services and analysis of the SM-3 Block IIA missile and BMD 5.1 flight testing and certification. The work will be conducted in Tuscon,… Read More »

Kratos receives $46.2 million contract for Saudi Arabian defense services

 Kratos Technology and Training Solutions has received a $46.2 million contract for training and technical services in support of the Kingdom of Saudi Arabia’s Vision 2030 defense development goals. The work from the U.S.-based company will primarily be conducted in Saudi Arabia and Orlando, Fla., and is expected to be finished by August 2020. $15.4 million in foreign military sales… Read More »

InFocus to Invest $10 Million to Expand India Operations

InFocus, which has a licensing deal with contract handset maker Foxconn, will invest $10 million (roughly Rs. 64.5 crores) in the Indian market to expand its operations in the world’s second largest telecom market. In its second attempt to tap into the market in India, InFocus will line up about 16 feature phones and smartphones this year as it eyes a… Read More »

Instagram Stories Now up to 250 Million Daily Users, Increasing Pressure on Snap Inc.

Facebook’s assault on Snapchat continues. This week, Facebook has announced that Instagram Stories is now being used by more than 250 million people every day, far eclipsing Snapchat, which has 166 million total users. The data also indicates that the Stories format is growing in popularity on Instagram – as noted by TechCrunch, Stories’ growth rate is actually picking up… Read More »

Amazon to Refund Nearly $70 Million to Parents for Kids’ App Purchases, US FTC Rules

Parents whose children made Amazon purchases on mobile apps without their permission will begin getting their money back, the Federal Trade Commission announced Tuesday. And it turns out that money could amount to more than $70 million (roughly Rs. 452 crores) – charges incurred between November 2011 and May 2015. The refunds bring closure to a nearly three-year… Read More »

Judy, Judy, Judy; Malware affects as many as 36.5 million Android devices

Last week, researchers at Check Point discovered malware called “Judy” that could have infected as many as 36.5 million Android devices. The auto-clicking adware generates large numbers of fraudulent clicks on ads, resulting in large sums being paid to the hackers behind the operation. The malware was found on 41 apps offered by a Korean firm, and quickly… Read More »

Bank of Ireland fined 3.2 million euros over money laundering controls

Ireland’s central bank has fined Bank of Ireland (BKIR.I) 3.15 million euros ($3.52 million) for “significant failures” in its controls against money laundering and terrorist financing, it said on Tuesday, the third lender to be hit with such a reprimand in six months. The Central Bank of Ireland said the failures dated back to 2010 and persisted on… Read More »

Samsung Galaxy S8 Pre-Orders Hit 1 Million Units, Report Claims

A new report from South Korea claims that Samsung Galaxy S8 pre-orders have the hit 1-million unit milestone. The Investor reports that Samsung’s Galaxy S8 exceeded the 1-million mark in the last 10 days, as pre-orders for the phone started from April 7 in South Korea. It adds that 1 million pre-orders is the highest ever for a… Read More »

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend… Read More »