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Zoho Looking to Hire 4,000 People in 3-4 Years

27Jul By AnkitaNo Comments

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Zoho Looking to Hire 4,000 People in 3-4 Years

Cloud services firm Zoho plans to double its headcount to 8,000 people over the next 3-4 years as it introduces new solutions and expands focus on small and medium businesses (SMBs). The company, which currently has some 4,000 people on its payroll, has development centres in Chennai and Tenkasi (Tamil Nadu) which work on products like customer relationship management (CRM) and enterprise e-mail solutions. "We are looking at a headcount of 8,000 in the next 3-4 years. We are looking at entering newer segments like payroll management. All our solutions are built in India and that is how it will continue to be," Zoho Chief Operating Officer Manikandan Vembu said. While he declined to disclose the revenue numbers, Vembu said about 45 percent of the company's topline comes from the US while ...

27Jul By reutersNo Comments

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Twitter Revenue & Users Growth Slows

Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 percent in extended trading to $16.40. While Twitter struggles to find a way to boost user growth and win over advertisers, social media services such as Instagram and Snapchat are expanding their footprints. Co-founder Jack Dorsey returned to the company as chief executive a year ago, but his plan for reviving Twitter is at best seen as unfinished. The company's second quarter revenue missed Wall Street estimates and the revenue forecast for the current quarter of $590 million to $610 million was well below the average analyst estimat...

‘Select Citywalk’ Indias First Mall to Adopt Mobile Payments Services

27Jul By AnkitaNo Comments

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‘Select Citywalk’ Indias First Mall to Adopt Mobile Payments Services

Thousands of daily shoppers at premier shopping destination of the capital city, Select Citywalk will now be able to make cashless transactions for parking, meals at food court, movie tickets and flea market using their Paytm wallets. Select Citywalk has become the country’s first mall to adopt mobile payments with this partnership with Paytm, India’s largest payments company. “As Paytm, our mission is to make payments extremely simple. Select Citywalk is a preferred shopping destination for Delhi’s Mall goers and has high footfalls on all days of the week because of the good overall experience that it has to offer. Our partnership with Select Citywalk will take this experience to the next level by enabling cashless payments at food court, parking and other stores in Select Citywalk,...

Freecharge Launches Buyer Protection Escrow Services

27Jul By AdityaNo Comments

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Freecharge Launches Buyer Protection Escrow Services

India's fastest growing digital payments platform Freecharge has unveiled a buyer protection service by launching escrow facility for merchants and customers. The escrow service mitigates risk of unsuccessful shopping experiences and safeguards customers' money by withholding funds till they receive the right product. The first merchant for this service, Shopo, has integrated Freecharge wallet on its app to offer escrow protection to its buyers and sellers. After buyers place orders by paying through Freecharge, the seller is notified that the buyer has completed the payment, and money is on hold in escrow. Once the order is delivered to the buyer, the money is automatically released to the seller. In case the order is not shipped or delivered within the stipulated time, the mon...

Amazon Launches Prime Membership Service in India

26Jul By Press Trust of IndiaNo Comments

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Amazon Launches Prime Membership Service in India

Amazon.in today announced the launch of its globally popular Amazon Prime membership programme in the country in over a 100 cities to enable free one-day and two-day deliveries to its customers. Prime products will be delivered through the fulfillment By Amazon (FBA) channel, which helps sellers by giving them access to Amazons fulfillment resources, fast, free delivery options for their products and customer service. "For sellers, Fulfillment by Amazon is now an even more powerful opportunity to rapidly grow their business and at the same time, provide customers across India with vast selection and unlimited fast free Prime delivery," Amit Agarwal, Vice-President & Country Head, Amazon India said. Along with unlimited free fast delivery, Prime members can enjoy Prime Early Access...

23Jul By RishabhNo Comments

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Kolkata AirPort App Introduced

As part of better air passenger facilities, the N S C B International airport has recently started Kolkata AirPort App which can be downloaded. This App will help in providing the information about the following - Actual flight information, Transport facilities in airport, Lost and found item details, Duty free and Retail shopping information - an AAI release said. The information will also be regarding cargo, immigration, customs and airport security.

Keralas Startup Village Ranked India’s Best Incubator

23Jul By NitishNo Comments

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Keralas Startup Village Ranked India’s Best Incubator

Startup Village, the countrys first public-private partnership business incubator, has been named Indias best startup incubator. Startup Village is ranked number one in a first-of-its- kind comprehensive ranking by the India edition of Entrepreneur Magazine of the 100 best startup incubators in India (25 across sectors and 75 sector specific), a release said here. Last week, Startup Village entered its second phase with Kerala Chief Minister Pinarayi Vijayan launching the online platform SV.CO that aims to provide a fully digital incubation framework to five million students in 3,500 engineering colleges across the country, it said. "SV.CO is the next big iteration of Startup Village, to give a world class student startup ecosystem to all 5 million engineering students India, ...

Federal Bank Partners Jio Money For One-Click Payment Service

21Jul By RishabhNo Comments

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Federal Bank Partners Jio Money For One-Click Payment Service

Federal Bank today said it has signed an agreement with Reliance Jio Money for One-Click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers. Through this service, the banks customers can complete a transaction without funding the wallet, the bank said in a statement. Banks customers will get a facility to directly pay from their account for the services offered through the wallet (without pre-loading their wallet), it added. Speaking on the occasion, Federal Bank Chief Operating Officer Shalini Warrier said that this arrangement would empower customers to retain the funds with their accounts while enjoying the host of services available in the App. Federa...

World’s Largest Piracy Website Torrent Kickass Founder Arrested

21Jul By AnkitaNo Comments

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World’s Largest Piracy Website Torrent Kickass Founder Arrested

Founder of KickassTorrents, the world's largest piracy website has been arrested by the USA. The 30-year-old Artem Vaulin, from Ukraine, was arrested today in Poland and is charged with criminal copyright infringement and money laundering. In addition, a federal court in Chicago has ordered the seizure of several KAT domain names. With millions of unique visitors per day KickassTorrents (KAT) has become the most-used torrent site on the Internet, beating even The Pirate Bay. Today, however, the site has run into a significant roadblock after U.S. authorities announced the arrest of the site’s alleged owner. In a criminal complaint filed in U.S. District Court in Chicago, the owner is charged with conspiracy to commit criminal copyright infringement, conspiracy to commit mo...

IIFT Sets Up Incubation Cell Kittes For Start-ups

21Jul By RishabhNo Comments

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IIFT Sets Up Incubation Cell Kittes For Start-ups

Indian Institute of Foreign Trade (IIFT) has set up an incubation cell Kittes to encourage young entrepreneurs to launch start-ups. "IIFT at its Delhi campus has set up an incubation cell called Kittes (Knowledge for Innovation in Trade and Technology for Entrepreneurial Start-Ups) with the CSR support from Mitsubishi Corp India Pvt Ltd and Metal One Corp India Pvt Ltd," IIFT said in a statement. The cell would enable young entrepreneurs to get all the expert advice and technical guidance at one point, MSME Minister Kalraj Mishra said while inaugurating the cell. It was erroneously stated in a report on July 18 that the incubation cell was set up by the government. The cell has actually been set up by IIFT. "KITTES will be unique as we bring collective innovation and internatio...

IRCTC Joins Hands With SBI To Promote Rail Ticketing

20Jul By RishabhNo Comments

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IRCTC Joins Hands With SBI To Promote Rail Ticketing

Indian Railway Catering and Tourism Corporation (IRCTC) has joined hands with the State Bank of India to chalk out a detailed plan for promotion of rail ticketing activities, including internet ticketing and unreserved ticketing system. IRCTC, a PSU of Railways which handles catering, tourism and Internet ticketing activities, and the SBI have signed an MoU which will also undertake development of Unreserved Ticketing System and such other services which can be jointly undertaken. We will jointly explore areas of cooperation and draw up a detailed plan for promotion of rail ticketing activities, said a senior IRCTC official. In addition, both will offer services jointly, subject to financial viability. "Both parties are desirous of working together to provide improved Internet ti...

Pokemon GO Makers Market Cap Doubles to $42 billion

19Jul By AnkitaNo Comments

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Pokemon GO Makers Market Cap Doubles to $42 billion

Shares of Japan's Nintendo Co soared another 14 percent on Tuesday, more than doubling the firm's market capitalization to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon GO was launched in the United States. The phenomenal success of Pokemon GO - now available in 35 countries, the majority in Europe, and most recently in Canada - has triggered massive buying in Nintendo shares, surprising even some seasoned market players. "I've never seen the trend of such a big company's shares changing so quickly in such a short period of time," said Takashi Oba, senior strategist at Okasan Securities. Nintendo shares ended Tuesday up 14.4 percent at 31,770 yen, bringing its gains to more than 100 percent since the launch of the game on July 6. Turnover in ...