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Ola Appoints Vishal Kaul as Chief Operating Officer

23Jan By AnkitaNo Comments

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Ola Appoints Vishal Kaul as Chief Operating Officer

Ola, India’s most popular mobile app for transportation, today announced the appointment of Vishal Kaul as its Chief Operating Officer. Vishal is a PepsiCo veteran, who has been with the company since the start of his career in 1999. He has held key leadership positions across operations, sales and marketing in his career spanning 18 years within the company. Vishal was most recently the General Manager of PepsiCo Foods for Thailand, Myanmar and Laos. As COO, Vishal will head Ola’s operations, strengthen Ola’s market leadership, expand its reach to nooks and corners of the country and widen the base of Ola's customers and driver-partner fraternity, in line with its mission to build mobility for a billion Indians. The mobility opportunity is massive with over 300 million trips happening ...

Now Watch Movie On Your Demand At PVR Cinemas

23Jan By NitishNo Comments

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Now Watch Movie On Your Demand At PVR Cinemas

Multiplex chain operator PVR unveiled its theatre-on-demand service ‘Vkaao’ and plans to add 100 screens by the end of next fiscal across the country. “We plan to add 30 more screens by end of this financial year and another 70-80 screens in the next fiscal. Half of these new screens will come in the existing cities where we operate and half will be in new cities,” PVR joint managing director Sanjeev Kumar Bijli said. PVR operates 562 screens in 122 properties in 48 cities in India. “Vkaao is an online platform that enables consumers to watch any movie of their choice at a theatre. Vkaao is very disruptive and gives control to customers to choose what they want to watch, when and where,” PVR Pictures CEO Kamal Gianchandani said. Mr. Gianchandani said that Vkaao, a part of PVR Pict...

23Jan By AnkitaNo Comments

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Ex- Googler Amit Singhal Joins Uber

Amit Singhal, the father of google search ranking system now joining Uber as SVP of Engineering. The news itself was published by Amit Singhal on his blog, After 15 wonderful years at Google working on search, I wasn’t sure that I would find an opportunity as exciting or potentially world-changing. But having spent hours with Travis and many others at the company, I can confidently say Uber fits the bill. First and foremost, I am a huge fan of Uber’s product. Like many people, I can’t remember life before you could push a button and have a car show up in minutes. But what’s most exciting to me is the real-world impact this simple idea—push a button, get a ride—is having in cities around the world. Uber’s technology is transforming urban mobility. My children may never need to own ...

Mumbai Based Home Services Startup Taskbob Shuts Shop

20Jan By AnkitaNo Comments

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Mumbai Based Home Services Startup Taskbob Shuts Shop

Mumbai-based home services startup Taskbob has shut shop without specifying any particular reason. In an internal communication, Taskbob co-founder and CEO Aseem Khare said the company shut down its operations as of January 19 due to unforeseen circumstances. "...Due to unforeseen circumstances, Taskbob will be shutting down its operations as of 19th January. All the orders already placed in the system will be duly processed," he said. The number of employees impacted could not be ascertained. While Khare did not spell out the reason for the closure, he indicated that the company was unable to build scalability and profitability. "Even though, we could create a significant difference in customers', service providers' and teams' lives, a solid business is created only by buil...

Now Purchase Mutual Funds Through FreeCharge

20Jan By NitishNo Comments

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Now Purchase Mutual Funds Through FreeCharge

New Delhi, Delhi, India- FreeCharge, India’s leading digital payments platform, today announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund. With the launch of the facility, users can seamlessly invest in a Money Market Mutual Fund that targets higher returns than those available on savings bank accounts. FreeCharge, known for its 10-second payments, is offering instant redemption of mutual funds at the click of a button. The entire process from investing to redemption is paperless – all the customer needs is his PAN or Adhaar card number. Customers also benefit from zero transaction charges and zero charges at redemption. To invest through FreeCharge, all a KYC compliant customer needs to do is enter his PAN number, a few basic details & b...

Amazon Told to Respect Indian Sensitivities: MEA

19Jan By Press Trust of IndiaNo Comments

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Amazon Told to Respect Indian Sensitivities: MEA

After the Indian flag incident, e-commerce retailer Amazon has been conveyed that while providing a platform for third party vendors, they should respect Indian sensitivities and sentiments, the External Affairs Ministry said today. MEA Spokesperson Vikas Swarup also said Amazon has also removed "offending items" like flip-flops and dog tags with Mahatma Gandhi's image. "Our Ambassador in Washington had been instructed to convey to Amazon that while providing a platform for third party vendors, they should respect Indian sensitivities and sentiments. We have been in touch with Amazon both in Washington as well as in Delhi and we have had constructive conversations," he said. Asked about sale of flip-flops and dog tags with Mahatma Gandhi's image on Amazon website, he added, "I am ...

Tata Led Starbucks Launched Teavana Speciality Teas

19Jan By AdityaNo Comments

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Tata Led Starbucks Launched Teavana Speciality Teas

Global coffeehouse chain Starbucks introduced tea as a core offering in 88 stores in the country under the brand Teavana. "We had nine teas on offer and are doubling that with the launch of Teavana speciality teas. We are looking at attracting newer customers with our focus on tea, and are looking to double tea sales at our Starbucks stores," Sumitro Ghosh, CEO of Tata Starbucks, told Pixr8. Last year, Starbucks Chairman and CEO Howard Schultz described India as a "major business opportunity" during his visit here and announced the introduction of speciality teas in the country in 2017. In June last, Starbucks announced several joint initiatives in the country along with its joint venture partner Tata Sons, including expanding the market of Himalayan Mineral Water, and providing j...

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

16Jan By reutersNo Comments

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As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017. The promotion of Tata veteran Natarajan Chandrasekaran - the well-regarded, high-performing boss of TCS under whom shares have quadrupled - should be no surprise. But the departure of Chandrasekaran, known as Chandra, from the Tata group's most profitable arm still rattled investors. They sent TCS shares down more than 4 percent on Friday, a day after it also posted better-than-expected quarterly results. "The IT industry is facing headwinds, and shareholders would have preferred Chandra to stay as CEO for some more time," said Souvik Guha, an...

Apple’s Entry into Car Industry Will Help iPhone

14Jan By AdityaNo Comments

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Apple’s Entry into Car Industry Will Help iPhone

Apple is secretive about Project Titan, its alleged future mobility program. However, considering the recent hiring spree of automotive experts, patent publications related to connected car technology, and the $10 billion spent on research and development, Apple is expected to offer connected, autonomous and shared mobility solution. Frost & Sullivan's Scenario Analysis of Apple's Strategy to Enter the Car Industry discusses the possible products and/or services that Apple could offer through "Project Titan." The analysis also explores the rationale behind Apple's interest in the automotive industry and details the most probable service and/or product that is Apple is expected to release by 2021. "Apple has a long way ahead before its autonomous vehicle becomes a reality. With au...

25,000 Crore Digital Transactions in India, Post Demonetisation

10Jan By NitishNo Comments

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25,000 Crore Digital Transactions in India, Post Demonetisation

Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey. The Economic Research Department of State Bank of India carried out the survey from December 30, 2016 to January 3, 2017 so as to understand the nuances of demonetisation. It showed that 15 per cent of transactions moved to electronic payments such as m-wallets and Point of Sale machines. "This means that Rs 25,000 crore of cash based transactions have moved to digital in the last two months. If this is so, this is a good beginning," SBI Research said in its Ecowrap report. This number could have been even higher because the behavioural shift has not happened yet and many merchants still prefer cash transactions when the amount is not large, the survey said, adding t...

Times Internet Looks to Join USD 1 Billion Club in next 5 years

8Jan By Press Trust of IndiaNo Comments

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Times Internet Looks to Join USD 1 Billion Club in next 5 years

Times Internet, the digital product company owned by media conglomerate BCCL, is looking to be a billion dollar firm in the next five years, riding on the back of greater reach and high growth of internet penetration. As part of the strategy, Times Internet will adopt an "aggressive" approach and pursue organic as well as inorganic growth and try to enhance and monetize its reach. "Times Internet would cross Rs 1,000 crore in terms of net revenue during this fiscal and is aiming to become a billion dollar company (revenues) by 2021," Times Internet CEO Gautam Sinha told Pixr8. "Times Internet has a current compounded annual growth rate (CAGR) of 46 per cent and expects to increase it to 51 per cent, going forward." Times Internet, according to him, has evolved itself as the biggest...

14 Billion Messages Sent on WhatsApp in India

8Jan By PriyankaNo Comments

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14 Billion Messages Sent on WhatsApp in India

New Year's eve saw a whopping 14 billion messages being sent on WhatsApp in India as more people opted to send season's greetings through the instant messaging platform than traditional routes like SMS and greeting cards. India is the largest market for the Facebook-owned company, accounting for about 160 million of its over 1 billion users. According to data shared by WhatsApp, 14 billion messages were sent on December 31, 2016 alone, an all-time high from India. With telecom operators charging a premium for SMS on occasions like New Year and Diwali, WhatsApp has been gaining popularity as an alternative as it is available free for users (apart from data charges). The traffic on the last day of 2016 was higher than WhatsApp's last record of 8 billion messages in one day on Diwali ...