- A car that flies
- Money-on-Mobile Raises $29.7 Million From Calpian
- Facebook is Building a Search Engine
- 10 People Who Were Fired to Become Rich and Famous
Posted: 04 Apr 2012 09:04 PM PDT
A production-type prototype of the world’s first flying car took its first test flight. The vehicle — dubbed the Transition – has two seats, four wheels and wings that fold up so it can be driven like a car. The vehicle has a 23-gallon gas tank. It gets about 35 mpg on the road and burns about five gallons of gas per hour when it is at cruising speed in the air. Terrafugia said it has already received about 100 orders for the Transition. The flight was the first successful test of the two-seat personal aircraft that you can park in your garage, drive on the road and fill up at a gas station.
Posted: 03 Apr 2012 10:59 PM PDT
Making their maiden investment in India, Calpian, a U.S based public company engaged in the electronic payments processing industry, invests $29.7 million in cash and stock in Money-on-Mobile, an electronic prepaid payment instrument for mobile phones.
Harold Montgomery, Chairman and CEO, Calpian, said that they believe MoM is well-positioned to take advantage of the promising mobile payment channel in India. Calpian's management team has been associated with the electronic payment processing business for the last twenty-five years in the U.S., and they are excited to participate in the Indian market by partnering MoM.
Launched in 2010 for the B2B market in India, Money-on-Mobile (MoM) had received RBI's permission to offer the semi-closed m-wallet for the consumer market nationally. It offers mobile phone users the flexibility and convenience to top-up their talk time, DTH account and pay their utility bills using their mobile phones. MoM currently has a network of over 55,000 retailer touch points pan-India and a presence in over 200 cities. It has 2.7 million a user base.
Shashank M. Joshi, Managing Director, MoM, said that they are delighted to welcome Calpian as a new investor and a strong partner in their efforts to provide mobile payment services to every banked and unbanked mobile subscriber in India.
Joshi has over eighteen years of professional experience in the areas of IT and ITES, Outsourcing, Transition and Management consulting. He has cross-border global experience of more than six years in Simplifying Payments. He holds a degree in Mechanical Engineering from MIT.
MoM's platform is available on SMS and the consumer does not require a smartphone. Their service operates independent of the consumer's mobile operator or bank, and hence any mobile subscriber can avail themselves of its services.
Posted: 03 Apr 2012 10:49 PM PDT
Facebook could be building a search engine to change the scenario in social search, according to Mashable, since social networks lack the ability to let users receive relevant results (say, for example, returning a particular restaurant when you searched for it– instead of showing people who worked at the restaurant, different types of food and everything other than that one query).
As of now, Facebook is nowhere in the search scenario, and AOL, Ask, and Amazon deal with much more queries than the social network. But if Google believes in the combined power of social media and search, as noted in a report by Business Insider, (which is what led to the birth of Google+), Facebook could be backed with a pretty powerful product.
However, "Search Plus Your World" returned tepid results for Google, and Facebook would be wise, (as would be expected) to not go down that lane, noted Pascal Emmanuel Gobry, an analyst at Business Insider. "They’d be smarter to do an AOL-type deal where they outsource search to Microsoft for a fee," he said, in a discussion about Facebook's plans.
Facebook is apparently aiming to try and improve its internal search, and Businessweek's two sources,(who didn't want to be named because of the company's quiet period ahead of its IPO), said that the purpose behind this move is to help users sift through the huge volume of content that members create on the site better.
So although all of this is focused on improving the internal search engine on Facebook, most people (on a number of tech news sites, such as Techmeme) are speculating if this move could prove to be one that opposes Google itself. A Facebook spokesperson said "We don't comment on rumors and speculation around products," but if the social network will be moving into search, it could prove to be quite a competitor to Google, which is moving more and more into the realm of social media rather than just concentrating on search.
Posted: 03 Apr 2012 10:34 PM PDT
Being fired is one of the worst experiences you can go through, but how many of us take it positively and starts off new? There have been a few examples of people where they getting fired was a 'blessing in disguise' which changed their destiny as well their fortunes. This journey of 'F' – from 'F'ired to 'F'amous was even made by Thomas Edison.
2. J K Rowling
3. Anna Wintour
4. Robert Redford
5. Mark Cuban
6. Bernie Marcus and Arthur Blank
7. Michael Bloomberg
8. Oprah Winfrey
9. Lee Iacocca
10. Jerry Seinfeld
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