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Bandhan Bank Posts Net Profit of Rs275.24 crore

15May By Press Trust of IndiaNo Comments

News

Bandhan Bank Posts Net Profit of Rs275.24 crore

Kolkata: Joining Indian banking league with 501 branches, Bandhan Bank Ltd said it had posted a net profit of Rs.275.24 crore, or Rs.3.40 per share, till 31 March, in the little over six months since it started functioning as a bank. The former microfinance lender, which launched itself as a bank on 23 August, has till now clocked revenue of Rs.1,731 crore, it said in a regulatory filing. Earlier in the day, its managing director and chief executive officer Chandra Shekhar Ghosh said at a media interaction that the bank had added around 700,000 new customers since last August and that it currently has around Rs.13,000 crore in public deposits. The loan book size is Rs.15,200 crore, he added, while refusing to discuss financial performance. State-wise, Bandhan's West Bengal unit...

Now, a Student-Run Internet-Based Radio Station`Radio G`

15May By PriyankaNo Comments

News

Now, a Student-Run Internet-Based Radio Station`Radio G`

With the launch of its internet-based radio station, Radio G, the G.D. Goenka University has given the students an opportunity to get trained in radio journalism. The first broadcast featured an interview of Dr. Deependra Kumar Jha, Pro Vice Chancellor of the University. Congratulating the School of Communication on the launch, he said, "I am very happy at the launch of Radio G. It will give the students an opportunity to get hands on training." The radio station, which has been set up by the School of Communication, will be run by the students of the Communication School. According to Prof. Sunil Saxena, "Radio G will be used to train undergraduate and post-graduate students to create programmes that can be broadcast live and can be heard across the world. The programmes that the...

Can Warren Buffett Backed Bid Unlock Yahoo Growth Where Others Failed?

15May By reutersNo Comments

News

Can Warren Buffett Backed Bid Unlock Yahoo Growth Where Others Failed?

Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets. The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo's online portfolio, Reuters reported on Friday. The consortium is in the second round of bidding in the auction for Yahoo's assets, people familiar with the matter said. Buffett is helping to finance the offer, one of the people added. If they succeed, the investment would be a relatively rare foray into digital media for Buffett, whose portfolio is heavily weighted toward U.S. insurers, industrial companies and major consumer brands. Yahoo,...

India Based Messaging App Flock Launches Its App Store

14May By AdityaNo Comments

News

India Based Messaging App Flock Launches Its App Store

India-based messaging app Flock on Thursday launched its App store to integrate frequently used apps and services into its platform. The Flock App store allows integrations with popular apps such as Twitter, Trello, Github, Jira, Bitbucket, and a few others. "The App store makes Flock powerful, especially considering the rich functionality we have in place such as to-do's, reminders, polls and code snippet sharing," said Bhavin Turakhia, CEO and founder, Flock, in a statement. At present, the Flock platform allows users to integrate external apps and custom-build integrations. However, organisations and developers will soon be able to build their own apps and chatbots suited to their specific requirements.

Paytm Enables Cashless Payments at ‘Mother Dairy’ Booths

13May By AnkitaNo Comments

News

Paytm Enables Cashless Payments at ‘Mother Dairy’ Booths

Paytm, India's leading payments company, has partnered with Mother Dairy, a wholly-owned subsidiary of the National Dairy Development Board (NDDB) to enable customers to make cashless payments through their Paytm wallets across 100+ Mother Dairy Milk Booths. Paytm wallet has become a default mode of payment for customers for a wide variety of services in the country including taxi rides, food ordering, and money transfers etc. The association with Mother Dairy will further help the digital wallet to cement its position as the preferred way to transact across offline and online platforms. "Paytm is focused on creating solutions for everyday payment use cases for Indians. Starting from the morning milk supply to all other everyday necessities, it is our mission to make everyday payments ...

Ray-Ban Converted India Website Into Online E-commerce Platform

13May By AnkitaNo Comments

News

Ray-Ban Converted India Website Into Online E-commerce Platform

Luxottica Group, the parent organisation of Ray-Ban has converted Ray-Ban India website into an e-commerce platform, to stop other companies selling fake Ray-Ban products via online. The company has been hit badly because of the fake products selling on online platforms. Recently Rayban dragged online retailers ShopClues.com, Craftsvilla and Stylemyway for allegedly marketing fake Ray-Ban products, according to the Delhi High Court website. "Luxottica is fully committed against counterfeiting, and this is demonstrated by the implementation of numerous activities: from the constant monitoring of the main counterfeit product suppliers to the partnership with local law enforcement and custom operations to seize the products, and ultimately the activation of legal actions against perpetrat...

Invested $300 Million in Supply Chain, Logistics in 18 Months: Snapdeal

13May By Press Trust of IndiaNo Comments

News

Invested $300 Million in Supply Chain, Logistics in 18 Months: Snapdeal

E-commerce major Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics and facilitate the increase in shipment volumes. The city-based firm has seen 1.9 times increase in shipment volumes from 1.29 lakh daily shipments last year to 2.5 lakh this year. "We have seen a significant increase of 1.9 times in shipment volumes. This is on account of increase in assortment on Snapdeal from 12 million to 35 million over the year. We have also expanded our seller base which helped increase shipments," Snapdeal Chief Customer Experience Officer Jayant Sood told PTI. He added that reports by PwC and RedSeer Consulting suggest that Snapdeal's promised delivery time is the shortest across India. "The number of sell...

Discovery Acquired Majority Stake in Celebrity Chef Sanjeev Kapoor’s Company

12May By AnkitaNo Comments

ACQUISITION, News

Discovery Acquired Majority Stake in Celebrity Chef Sanjeev Kapoor’s Company

Broadcasting firm Discovery Communications today acquired a majority stake in celebrity chef Sanjeev Kapoor-promoted Turmeric Vision, which owns and operates pay-TV network, FoodFood and its digital products for an undisclosed sum. "Discoverys investment in FoodFood underscores its strategy to deepen and expand presence in India to grow audience share across all screens, and to complement and strengthen its existing portfolio of female and lifestyle brands, including TLC and ID," the company said in a statement. Commenting on the acquisition, Discovery Networks Asia-Pacific President and MD Arthur Bastings said it boosts the companys presence in an important market like India and broadens portfolio by adding a category of content that people love. "We look forward ...

AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers

11May By AnkitaNo Comments

Automobile, News

AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers

AskmeBazaar.com, India’s fastest growing online marketplace, today announced the launch of the automobile category on its portal. The company has ventured into two-wheelers (scooters and motorbikes) and will be offering 2-wheelers from 4 renowned brands namely Honda, Piaggio, Suzuki and Royal Enfield. The company is booking orders from Pune in the initial phase and will soon be launching online bookings for automobiles in other major metropolitan cities like Gurgaon, Delhi, Noida, Bangalore, Chennai, etc. The entire booking to delivery process has been automated to deliver convenience of online and includes processes like vehicle registration, finance, insurance, etc. The rates offered are most competitive in the market. Also, AskMe Cashbacks will be available for every booking, as a p...

Alok Kejriwal Led TheRodinhoods Partners With Dell to Help Startups in India

11May By AnkitaNo Comments

News

Alok Kejriwal Led TheRodinhoods Partners With Dell to Help Startups in India

TheRodinhoods (TRH), an entrepreneurial based community announced that it has partnered with Dell in India to help serve the fast growing and booming startups in India. Explaining the tie-up, Asha Chaudhry, Co-Founder and Editor of TheRodinhoods said, “TheRodinhoods is a close-knit community that serves thousands of entrepreneurs in India - 11,500 of whom are registered members of our site. We are happy that Dell has chosen to support us in our cause and endeavor to help entrepreneurs. It will be our privilege to present Dell’s offerings to our community and beyond.” She further added, “When we began discussing synergies with Dell, we were able to showcase how we are very close to the startup scene in India and have inroads into the lives and dreams of many aspiring entrepreneurs who are...

Whatsapp Launched a Mobile Like Desktop App

11May By PriyankaNo Comments

News

Whatsapp Launched a Mobile Like Desktop App

Whatsapp, world's leading chat based messenger app has launched a desktop app so you have a new way to stay in touch anytime and anywhere - whether on your phone or computer at home or work. Like WhatsApp Web, your desktop app is simply an extension of your phone: the app mirrors conversations and messages from your mobile device. The new desktop app is available for Windows 8+ and Mac OS 10.9+ and is synced with WhatsApp on your mobile device. Because the app runs natively on your desktop, you'll have support for native desktop notifications, better keyboard shortcuts, and more. To download the app, visit https://www.whatsapp.com/download from your desktop browser. Then, open the app and scan the QR code using the WhatsApp app on your phone (look for WhatsApp Web menu under Setti...

NearU, an Online to Offline App Signs Up 6000 Retailers in 6 Months

11May By AdityaNo Comments

News

NearU, an Online to Offline App Signs Up 6000 Retailers in 6 Months

NearU App, an Online to Offline (O2O) App Signs up 6000 Retailers in 6 Months Including Marquee Brands, Empowering Them to Push Deals to Their Target Customers, Anytime, Anywhere. The Indian Retail Industry today comprises of 7.5% organized retail, 92% unorganized retail and a meager 0.50% of e-tail. This clearly reflects the scope of tapping the offline retail market space at various levels. Hence, a fleet of retail-centric hyper local, apps have lately entered the app marketplace, with their business model revolving around a huge chunk of participation from the retailers. Now the question arises that how many of them, in the real sense, provide a value proposition for the retailers. Along with the users, even the vendors nowadays are facing app fatigue, or rather, collaboration fat...