OnePlus 3, OnePlus 3T won’t get major updates after Android O, reveals company

OnePlus 3 and OnePlus 3T smartphones won't receive any Android version update after Android O, revealed Oliver Z, who is OnePlus' Head of Product. He revealed the latest information on company's forum page, and posted answers to several other questions about OnePlus 3 and OnePlus 3T as well.

OnePlus 3 and OnePlus 3Tsmartphones won’t receive anyAndroid version update after Android O, revealed Oliver Z, who is OnePlus’ Head of Product. He revealed the latest information on company’s forum page, and posted answers to several other questions about OnePlus 3 and OnePlus 3T as well.

“Android O is going to be the last Android version update we’ll release for OP3/3T. We’ll continue to release security patch updates for the foreseeable future, and offer support for individual application updates,” the post read. The company will also start moving its Open Beta Program from OnePlus 3 and OnePlus 3T to OnePlus 5 after the release of Android O for the two smartphones.

Currently, OnePlus releases Open Beta updates for OnePlus 3 and OnePlus 3T approximately once every month. The company plans to launch August security patch for OnePlus 3, OnePlus 3T users first followed by Oxygen OS version 4.5, which will be rolled out in a month or two.

OnePlus’ CEO Pete Lau earlier confirmed that OnePlus 3 and OnePlus 3T will get Android O update within this year. In a Reddit AMA, OnePlus said that “OP3/3T will receive Android O within this year.” Google’s Android O is in its beta stage as of now. The stable version of the operating system is tipped to roll out August 21, though the same hasn’t been confirmed officially.

 OnePlus has already said that OnePlus 3T will be out of production and get discontinued globally. However, in its blogpost, OnePlus also mentioned that it will continue to bring software updates and support for OnePlus 3 and OnePlus 3T. Also, in India, OnePlus 3T will continue to sell.

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Flipkart world’s 3rd most funded pvt co

• BENGALURU: With the $2.4 billion it just received from Japanese technology and telecom giant SoftBank, Flipkart has become the third most funded private company globally. The homegrown e-commerce company has to date raised almost $7 billion in capital, higher than that raised by global behemoths like online house rental aggregator Airbnb ($3.3 billion) and mobile phone maker Xiaomi ($1.4 billion). The top two are both ride hailing platforms — Chinabased Didi Chuxing and USbased Uber.

In April, Didi Chuxing raised $5 billion and increased its total fund raise to $15 billion, overtaking Uber that has raised $12.9 billion. In the top 10, four are ride-hailing platforms, the other two being Silicon Valley-based Lyft and India's Ola. Flipkart is the only e-commerce company in the top 10. The Flipkart funding reaffirms the faith of global players like SoftBank, Tiger Global, eBay, and Microsoft in Indian companies.

"Since Flipkart has been the flag-bearer for the local ecosystem, this reinforces the positive belief around the long-term India opportunity," said Nitin Sharma, principal and founding member at early-stage VC fund Lightbox. The VC ecosystem, he said, eventually needs to show a large-value creation event, and seeing SoftBank, Tencent and others go long should allay some of the concerns that had been dampening the sentiment locally and giving global investors some pause. He said e-commerce in India consumes a lot of capital. "With macro income growth and scale, unit economics will become attractive over five-10 years," he said.

However, K Vaitheeswaran, co-founder of India's first e-commerce company Fabmart (later IndiaPlaza), thinks more funding need not necessarily be a positive sign. "Despite the down-rounds across the startup ecosystem, the madness continues. This will run for two-three years. SoftBank has obviously given the money to Flipkart not for being prudent, but for splurging to take out Amazon," he said. He added that when aggregators are up against real technology companies, it is difficult to win by out-funding. "You have to win by outcompeting. Money will take you only till the semi-final and increases your mathematical probability," he said.

In valuation, Flipkart stands at the ninth position with about $15 billion. Uber is the most valued company at $68 billion, followed by Didi Chuxing at $50 billion, and Xiaomi at $46 billion. Sharma said the valuation of a company is a function of a lot of things. "Businesses that have more capital efficiency than others are valued more," he said.

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Bareilly Ki Barfi’ team have a blast on ‘The Kapil Sharma Show’

It was a sight to watch as the 'Bareilly Ki Barfi' cast arrived on 'The Kapil SharmaShow' and left the audience in splits. 

While Ayushamann Khurrana looked dapper in Jodhpuri pants, Rajkummar Rao chose a sky blue suit for the occasion and the gorgeous Kriti Sanon accompanied her onscreen love interest dressed in a blue ethnic ensemble.

The trio also was also joined in by the film's director Ashwini Iyer Tiwari, Kriti's onscreen parents Pankaj Tripathi and Seema Pahwa. 

It was a rib-tickling ride to watch Kapil Sharma turn game master in his bathrobe as he played a pretended Marathi version of 'Kaun Banega Crorepati' with the young actors. Check out the pics to get a better feel of how the 'Bareilly Ki Barfi' team had a blast on the show...

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No time frame fixed to complete Aadhaar-PAN linkage, says govt

NEW DELHI: 

Finance Minister Arun Jaitley today informed the Lok Sabhathat the government has not fixed any time frame to complete the linking of Aadhaar with PAN.

"No Madam," Jaitley said while replying to a query whether the government has fixed any time frame to complete the linking of the 12-digit biometric Aadhaar with permanent account number (PAN).

As on June 28, there were over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.

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Kajol urges fans to see 'VIP 2' in new Instagram video

Kajol is all set to make a comeback in the Tamil film industry with 'VIP 2' after 1997's 'Minsara Kanavu' in which she shared screen space with Arvind Swamy and Prabhu Deva. Kajol seems extremely excited about the release of the film. She took her excitement to Instagram and shared a video asking her fans to go and see 'VIP 2'.

In the video, she said, "Hi guys, so VIP 2is finally releasing tomorrow and you really, really need to go and watch it. It is releasing world-wide and in Tamil tomorrow and in Hindi and Telugu on the 18th. Go watch it."

The release of the Tamil film was pushed from July to August due to inevitable reasons. After a long wait, 'VIP 2' is finally releasing on August 11. Helmed by Soundarya Rajinikanth, 'Velaiilla Pattadhari 2' stars Dhanush as the lead. Jointly produced by Dhanush and Kalaipuli S. Thanu, the film also stars Samuthirakani, Vivekh and Amala Paul in pivotal roles.

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Achieving high end of 6.75-7.5% growth difficult due to farm loan waivers, GST challenges: Economic Survey

The government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.

Acieving the high end of the 6.75-7.5% growth projected previously will be difficult due to appreciation of rupee, farm loan waivers and transitionary challenges from implementing GST, the Economic Survey said on Friday.

For the first time on Friday, the government presented a second or a mid-year economic survey for the year 2016-17 highlighting the new factors that the economy faces since the last such exercise in February.

It also said that the scope for monetary easing was considerable and this, coupled with reform to address the twin balance sheet challenge, will help the economy achieve its full potential quicker.

“Cyclical conditions suggest that the policy rate should actually be below... the neutral rate. The conclusion is inescapable that the scope for monetary easing is considerable,” he said..

The Economic Survey said that a number of indicators-- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity sinc

e first quarter of 2016-17 and a further deceleration since the third quarter.

The first volume of the Survey in February had predicted the range of GDP growth of between 6.75-7.5%, factoring in more buoyant exports, a post-demonetisation catch-up in consumption and a relaxation in monetary conditions consequent upon demonetisation.

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GST, surveillance post note ban to increase tax-GDP ratio: Government

NEW DELHI:

 The implementation of GSTand increased surveillance post demonetisation will help increase the tax-GDP ratio to 11.9 per cent by 2019-20, government said on Thursday.

The gross tax-GDP ratio in 2017-18 is estimated to be around 11.3 per cent.

In the Medium Term Expenditure Framework Statement, tabled in the Lok Sabha, the finance ministry has projected that in the medium term taxrevenues will show the growth anticipated during the presentation of the Budget.

"In other words it is felt that any shocks to tax collections due to the introduction of GST will be absorbed in the current financial year and hence the tax-GDP ratio will remain at the level of 2016-17," it said.

As per the statement, going forward "in the years 2018-19 and 2019-20 the gains from expansion of the tax base due to the introduction of GST and the increased surveillance post demonetisation will ensure that tax-GDP ratio will increase by 30 basis points".

As per the statement, going forward "in the years 2018-19 and 2019-20 the gains from expansion of the tax base due to the introduction of GST and the increased surveillance post demonetisation will ensure that tax-GDP ratio will increase by 30 basis points".

Goods and Services Tax (GST) was rolled out from July 1 and it is estimated that the new indirect tax regime would add to revenues and boost GDP by about 2 per cent.

Besides, the demonetisation of Rs 500 and Rs 1,000 notes have brought an additional over 1 crore people in the tax net. The tax department has launched operation clean money to detect people whose cash deposits post demonetisation does not match their tax profile.

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