#Marketwire is your quick summary of notable market movements in the technology industry. The organisations covered in this segment include Tohmatsu Venture Support, Facebook, Google Play and Info Edge
Tohmatsu Venture Support Invites IoT Startups Applications From India
Deloitte’s subsidiary, Tohmatsu Venture Support (Deloitte Japan) is inviting applications for the first time from Indian IoT startups for its accelerator programme in Japan. The applications will be evaluated by the IoT Acceleration Consortium(ITAC), and will be sent to the concerned authorities.
The selection process will start in September, and 10 selected startups will visit Japan this October. Accommodation and travel will be provided free of cost. Read More
Facebook Open Sources 360 Surround Camera Technology
Facebook is open-sourcing the specs for Surround 360, the social platform’s high-quality 3D-360 hardware and software video capture system. Now anyone can build and use their very own 360 Surround camera with the Ikea-like manuals that Facebook is providing.
Facebook hopes that developers will develop the required apparatus and content creators will use this to populate News Feeds with 360 video content. Read More
Google introduces new delta algorithm “bsdiff” to reduce app update size by up to 50%. It will help android users who don’t get to use a WiFi connection much, or are on a limited data plan who don’t update their apps with the fear of exhausting their data pack too soon.
The algorithm also compresses the patch sizes downloaded to update the installed Android apps and games. This algorithm has also been applied to the APK expansion files that are commonly used with mobile games. This would reduce the size of first download by 12% and update sizes by up to 65%. Read More
Info Edge First Quarter Profit Jumps by 55%
Online classifieds company Info Edge Ltd, which runs Naukri.com, 99acres.com and Jeevansathi.com among others, have seen 55% jump in net profit for the first quarter as it cut losses under its realty portal in the first quarter.
Performance for the first quarter was driven by sharp decline in losses under real estate listing portal 99acres. The portal posted posted segment loss of Rs 21.25 crore for the first quarter of 2016-17 compared to Rs 35.57 crore in Q1 of FY16. Read More
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