UPI clocks 1 billion transactions in the last three months; Elon Musk has a new boss and her name is Robyn Denholm

Friday November 09, 2018 , 3 min Read

Seven months into this fiscal year, India's UPI clocked 2 billion transactions, clocking the last billion only in the last three months. Quickly turning into a remarkable success story, UPI saw transactions worth a total of Rs 3.42 lakh crore. The growth rate has been galloping, averaging around 30 percent month-on-month growth over July, August and September this year.

Soon, we will be able to buy two-in-one devices that will work both as a phone and a tablet. No, this is not a phablet - but a foldable phone. At Samsung’s fifth annual developers’ conference in San Francisco, Senior Vice President of Mobile Product Marketing Justin Denison unveiled the company’s upcoming foldable smartphone with the Infinity Flex Display. The device is a phone built for one-handed usage when closed that unfolds into a large display converting it into a small tablet.

Foldable Phone Samsung — Picture courtesy: Samsung

Elon Musk has a new boss! Tesla’s new chair of the board is Robyn Denholm, who has served as an Independent Director on the company’s board since 2014. She replaces Musk, who resigned in September as part of an SEC settlement. Denholm has had an illustrious career and was the CFO and Head of Strategy at Telstra before this appointment.

Robotics is the buzzword today as many human-led tasks can be easily automated leading to higher productivity and efficiency. But engineers NA Gokul and Nikhil Ramaswamy realised there were some fundamental gaps in the automation and robotics space. They turned entrepreneurs in their mid-20s and founded Vyuti Systems in 2015 in Bengaluru.

Indians seem to be bitten by the travel bug! More and more people are choosing to make an escape – be it to the beaches or the mountains – during the festival holidays. Online travel company MakeMyTrip has said there has been an almost 22 percent rise in the number of domestic travellers flying this Diwali. Travellers are also exploring international destinations; there has been an 18 percent increase in travellers flying internationally.

Say hello to digital gold - the newest kid to join the online euphoria. This Dhantheras, leading digital payment platforms recorded high sale of digital gold as more users turned online to buy this precious and auspicious commodity. In fact, Paytm claims that its users grew by 900 percent since last Diwali! Flipkart-owned PhonePe claims that there was a 400 percent growth in gold purchase value during Dhanteras.