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Indian Olympic Champion Abhinav Bindra Will Start Business of Sports Science

5Sep By AdityaNo Comments

News

Indian Olympic Champion Abhinav Bindra Will Start Business of Sports Science

Olympic champion Abhinav Bindra was, for a change, not his laconic self as he fired a parting shot in which revealed his plan to earn a living out of business that deals with "fitness, medical and high performance side of sports". Bindra, India's lone individual Olympic gold medallist, today officially announced his retirement from shooting, saying,"It is time to move on and hand over the baton to the younger generation". After ruling the shooting range for more than a decade, Bindra, who will soon turn 34, hads set his sights on his new business venture. "I am trying to earn a living. I am involved in business, trying to earn a living, put food on the plate. Well I am interested in sport but sport you know is not going to give me much money. I am involved in certain things, which i...

4Sep By AnkitaNo Comments

INDIA

There Should be One Policy For Retail Business and E-commerce, Says Amitabh Kant

(Pic Source: Gaurav Munjal, Unacademy co-founder Facebook profile) India is the only country where there are different policies for different segments of the retail business and e-commerce. Logically, there should be one policy, said Amitabh Kant, CEO, NITI Aayog, while interacting with CEOs at the Valedictory Session of the sixth edition of Massmerize 2016, FICCI’s annual flagship Retail, FMCG and E-Commerce Convention. He said that in today’s globalized world, it has become essential for India to become a part of the global supply chain. For this, India has opened up its economy and liberalized the FDI regime. Now India features as the number one nation in attracting FDI, which has given the country access to latest technology, global best practices and global innovations. Kant ...

Infosys Finacle Partnered Huawei to Develop a Financial Cloud Solution

2Sep By Press Trust of IndiaNo Comments

BUSINESS

Infosys Finacle Partnered Huawei to Develop a Financial Cloud Solution

Infosys Finacle today said it has partnered Huawei to develop a financial cloud solution that will enable banks globally to accelerate digital transformation while keeping technology costs under control. Infosys Finacle is a part of EdgeVerve Systems, a wholly owned subsidiary of Infosys. The highly available platform will allow customers to run Finacle suite of applications on a private cloud network, delivering considerable performance, maintenance and total cost of ownership advantages, a statement said. No financial details of the partnership were disclosed. The solution will provide enhanced agility and quick service rollout, by enabling elastic, on-demand and secure computing resource pools, while supporting all-round management and service automation, it added. The so...

Facebook to Help Jodhpurs Handicraft Artisans in Growing Business

1Sep By Press Trust of IndiaNo Comments

News

Facebook to Help Jodhpurs Handicraft Artisans in Growing Business

Social networking giant Facebook has come forward to help handicraft artisans of Jodhpur, which has a global imprint on handicraft manufacturing and exports. A business promotion team from Facebook will be in the city next week to hold seminars and one-to-one meetings with the artisans and train them to harness the social media platform for growing their business. In pursuance of an MoU between the Rajasthan government and Facebook, this team will help the artisans promote their products through a Facebook page and train them in the entire process, right from making a page to operating it effectively so as to maximise their reach. "Normally these artisans are engaged in completing the orders placed by the handicraft exporters and could never think of getting access to the glob...

Sony Pictures Acquired TEN Sports From ZEE For $385 million

1Sep By AnkitaNo Comments

ACQUISITION

Sony Pictures Acquired TEN Sports From ZEE For $385 million

Sony Pictures Networks India (SPN) today announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for 385 million U.S. dollars. Completion of the acquisition is subject to regulatory approval. The acquisition will add South Asia's leading sports network to SPN's existing portfolio of channels. The TEN Sports channels being acquired include TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, TEN Sports that operate in several countries including the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean. "This is a landmark deal for ZEE and a step towards a strategic portfolio shuffle as we grow our general entertainment business both in...

Facility Management Major SBricks Acquires HomeCues.com

31Aug By PriyankaNo Comments

ACQUISITION

Facility Management Major SBricks Acquires HomeCues.com

SBricks (www.sbricks.com) is a facility management & home services start-up HomeCues (www.homecues.com) is into aggregation and providing professional household services The merger is an all-stock deal Entire business of HomeCues merges with SBricks The combined entity will be known as SBricks Castle Care Pvt Ltd acquired Hyderabad-based household services aggregation and facilitation company HomeCues (www.homecues.com). Homecues is a leading provider of facility management, home clean, laundry, repairs, and maintenance services. Announcing the merger, D Nithin Reddy, CEO of SBricks Castle Care Pvt Ltd, has said that the similarity in businesses of the two companies has provided an opportunity for the merger. The combined entity, foresees a g...

Why Startups Should Follow “Fake it Till You Make it” Formula

28Aug By No Comments

BLOGS

Why Startups Should Follow “Fake it Till You Make it” Formula

Since we launched our startup nearly 4 months ago, a certain question has weighed heavily on our minds. As we invest our time and money building our product there’s always been the burden of uncertainty… what if we spend a year building a product that nobody wants? All the best server architecture, best people, capital, budgets and deadlines mean nothing if we’re building the wrong thing. So how do we make sure we’re actually building something people want? This leads to the next question: how can we know they’ll want it without first having the product so they can use it? It’s the classic chicken and egg problem. Work Smarter, Not Harder As with most complex problems in life, the eventual answer was quite simple… fake it until we make it. Forget asking friends, family and associa...

28Aug By Press Trust of IndiaNo Comments

CHINA

Top 500 Firms of China Report First Revenue Decline in 15 Yrs

Chinas top 500 enterprises reported their first annual decline in combined revenues in 15 years, with a 0.07 per cent drop last year, as the economy continued to slow down amid falling oil prices and overcapacity issues. Among the top 500 firms, 155 reported declines in revenues in 2015, 61 more than a year ago, with many of them representing the overcapacity-plagued coal, steel, oil and chemicals industries. Meanwhile, 72 firms reported losses, 15 more than a year ago. The data was contained in 2016 edition of the top 500 Chinese Enterprises released China Enterprise Confederation and China Enterprise Directors Association. The list is based on revenues from 2015, state-run Xinhua news agency reported. The State Grid grabbed the top spot with 2.07 trillion yuan (USD 310 bil...

India 2nd Largest Market After US For LinkedIn

11Aug By NitishNo Comments

News

India 2nd Largest Market After US For LinkedIn

IANS- Professional networking website LinkedIn on Wednesday announced that it has crossed the 100-million member mark in the Asia-Pacific region (APAC), and with 37 million members, India is its largest market in the region. Globally, India retains its spot as the second largest market after the US, a company statement said. LinkedIn has doubled its member base in the region from 50 million to 100 million in just two years. The region now represents 22 per cent of LinkedIn's global member base of over 450 million. "At this scale, LinkedIn is in an even stronger position to help members connect to economic opportunity, whether it's a new job, a promotion or other business opportunities," said Olivier Legrand, Managing Director, LinkedIn Asia Pacific and Japan, in a statement. Ch...

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

27Jul By AnkitaNo Comments

News

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 ...

My Learning From Chinese Citizens About Indian Online Market

25Jul By No Comments

BLOGS

My Learning From Chinese Citizens About Indian Online Market

We often compare India with China, especially when it comes to online markets. Both countries have a lot of similarities. They have a huge set of diverse population that are culturally, linguistically, geographically, and socially varied. Their primary language is not English. But, there are some glaring differences between the two countries, too. And we should learn from them. In my most recent visit to China, I met over 15 companies (large and small) in the IT and digital technology space. Their respective founders or their representatives presented their growth and plans to over 25 CEOs from Indian companies. Here are my key takeaways from the trip: Learn Globally. Implement Locally China has a large captive market to cater to. About 30% of the Chinese founders I met...

Local Business Dicovery Platform Nowfloats Acquired Lookup

19Jul By NitishNo Comments

ACQUISITION

Local Business Dicovery Platform Nowfloats Acquired Lookup

It's wedding between search and chat. NowFloats a business discovery services platform has acquired Lookup a chat service that connects consumers to local business. The amount of the deal is undisclosed. The marriage is analogous to, perhaps, a Facebook and WhatsApp coming together to create a compelling platform for consumers and businesses said Jasminder Singh Gulati, Co-Founder/CEO of NowFloats. The another significant reason for NowFloats to acquire Lookup was based on the findings of the NowFloats Digital Desh Drive which attempts to uncover ‘Inside the Internet of India” and thus the evolving consumer and business behaviors, he added. Over the past year, NowFloats has conducted three research sprints across India (that includes driving across the country & meeting people), a...