India | Pixr8 News

18Apr By Press Trust of IndiaNo Comments

BLOGS

How To Get The Cheapest Flight Tickets

Mumbai: Even as Indians have started to go for holidays frequently, still 72 per cent do not know the best time to book travel, according to a survey. A survey by Skyscanner revealed that 72 per cent of Indian travellers do not know the best time to book travel for their holidays. It said 31 per cent of respondents correctly assume booking more than 12 weeks in advance is the best time to book flights. Additionally, 11 per cent feel that booking last minute is the key for getting a good deal, it added. It revealed that bookings for Bali and Kuala Lumpur are best secured 25 weeks prior to departure, however, both destinations receive most bookings two weeks prior to departure where flight prices witness a surge of 16 per cent and 11 per cent, respectively. Travellers with sights set ...

Snapchat Stock Falls as Alleged CEO Comments on India

18Apr By AdityaNo Comments

News

Snapchat Stock Falls as Alleged CEO Comments on India

Shares of Snap fell 1.5 percent as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritising growth in India and Spain because they were "poor" countries. The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years. Twitter users using the #boycottsnapchat hashtag called for uninstalling the Snapchat app after a legal document unsealed last week alleged that Snap Chief Executive Evan Spiegel in 2015 said he was uninterested in prioritising growth in India and Spain because they were "poor". The legal document filed in a Los Angeles state court concerns claims made in a lawsuit filed by an employee who left the company...

Snapchat App is For Everyone and We are “Grateful” To Have Indian users: Official

17Apr By AdityaNo Comments

News

Snapchat App is For Everyone and We are “Grateful” To Have Indian users: Official

Snapchat today refuted the reported claims of a former employee who alleged that its CEO Evan Spiegel made negative comments about the Indian market, saying the multimedia mobile app is for everyone and the company is "grateful" to its Indian users. "Obviously Snapchat is for everyone! It's available worldwide to download for free," a spokesperson for Snapchat said in a statement to CNN. Snapchat is strongly denying allegations by a former employee Anthony Pompliano, who alleged in a lawsuit that Spiegel had once shot down his suggestion to pursue growth in certain international markets. Pompliano alleges that Spiegel said Snapchat is "only for rich people" and that he didn't want to "expand into poor countries like India and Spain. "Those words were written by a disgrunt...

Instagram Stories Overtakes Snapchat to Hit 200M Daily Active Users

16Apr By reutersNo Comments

News

Instagram Stories Overtakes Snapchat to Hit 200M Daily Active Users

Facebook-owned Instagram has claimed that more than 200 million people a day use its Stories feature, which competes against Snapchat. Snapchat had 161 million daily active users at the end of last year, ahead of Snap's March initial public offer, which was the largest by a technology firm in three years despite decelerating user growth. Instagram Stories' daily active users announced on Thursday has grown by 33% from the 150 million daily active users it had in January. The Instagram feature, which launched last year, lets users and businesses post a string of photos and videos that disappear after 24 hours, similar to Snapchat. Facebook last month introduced an update to allow users to tweak photos on their smartphones with visual details like a rainbow or a beard of glitter,...

16Apr By AdityaNo Comments

INDIA

Indian Finance Ministry Receives Over 38,000 Mails on Black Money Email id

The email address launched by the Finance Ministry for getting tips about black money received over 38,000 emails, but only 16 per cent of them were forwarded for further inquiry, CBDT said in a reply to an RTI query earlier this month. Jitendra Ghadge, a city-based Right To Information activist, had asked for information about response to the email address 'blackmoneyinfo@incometax.gov.in', launched last December. The Central Board of Direct Taxes said in its reply dated April 7 that 38,068 emails were received, and 6,050 or about 16 per cent of them were forwarded to the respective Director Generals Of Income Tax (Investigation) for further inquiry. The remaining 32,018 emails were closed without any action, it said. To Ghadge's query about number of "false" emails received, ...

Now Earn Rs 10 For Every Person You Refer to The BHIM App

14Apr By Press Trust of IndiaNo Comments

INDIA

Now Earn Rs 10 For Every Person You Refer to The BHIM App

Prime Minister Narendra Modi on Friday suggested an easy way for youngsters to make a quick buck this summer vacation. He said for every person you introduce to the BHIM app, you will get a cash back of Rs 10. "If you refer a mere 20 people a day to the app, you can earn Rs 200," he said. Notably, the PM had recently expressed gratitude to the people saying over the last few months the country had witnessed an atmosphere in which people in large numbers participated in the digital payment, the 'Digidhan' movement. Pushing for a less-cash economy, PM Narendra Modi said the government's 'DigiDhan' movement for digital payment is a step towards curbing the menace of corruption. While paying rich tributes to Dr B R Ambedkar on his 126th birth anniversary at the Deekshabhoomi here, ...

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

13Apr By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that India is integrated with the global economy. "We still have a little bit of work in reducing friction to businesses. We need to create an environment where the government has more trust in its entrepreneurs than it is today," Murthy, 70, told students of the prestigious Darden School of Business at the University of Virginia here. Murthy, the recipient of the 2017 Thomas Jefferson Foundation medal in Global Innovation, was responding to Darden School of...

Sportskeeda Announces Appointment of Samarth Sharma as Chief Ideation Officer

11Apr By PriyankaNo Comments

News

Sportskeeda Announces Appointment of Samarth Sharma as Chief Ideation Officer

An alumnus of I.I.T. Delhi, Samarth has several years of experience in Strategy, Business Development and Expansion with global multi-national corporations of repute namely Hewitt Associates, Cognizant, Deutsche Bank and TransUnion. Having worked in multiple sectors and geographies in different roles, Samarth brings with him the skills that Sportskeeda needs to scale their business to greater heights. Besides professional achievements, Samarth runs one of India’s most popular social media accounts in the name of “The-Lying-Lama” that boasts of an audience of over 100K people grown organically in a very short span of time. He is known for producing viral creative content across diverse areas of interest namely sports, entertainment and politics and his content is covered by all media pla...

Fino Paytech Plans To Launch Its Payments Bank Within Two Months

11Apr By PriyankaNo Comments

News

Fino Paytech Plans To Launch Its Payments Bank Within Two Months

Fino Paytech is seeking help from ICICI Bank to set up its payments bank venture and is aiming to launch the new entity within two months, a top official said. "We are aiming to launch payments bank in one-and-a- half to two months. We're taking assistance from ICICI Bank for setting up the bank," chief executive Rishi Gupta told Pixr8. The ICICI Group owns a 20 per cent stake in the bank. Fino, a banking correspondent company which received the final nod from the Reserve Bank last month, needs one more set of internal approvals before launching the operations which include one from the board for operationalising, he said. Apart from the internal nods, integration with payment systems, which will help interoperability for its customers, will take a bulk of time, Gupta sai...

Flipkart Raises $1.4 Billion From Microsoft, Tencent and eBay

10Apr By PriyankaNo Comments

FUNDING

Flipkart Raises $1.4 Billion From Microsoft, Tencent and eBay

Indias largest e-commerce firm Flipkart has raised USD 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal. The biggest-ever fund raising by an Indian Internet firm values Flipkart at USD 11.6 billion, the company said in a statement today. With over 100 million customers, Flipkart owns fashion retailers Myntra and Jabong, logistics firm Ekart and payments app PhonePe. The valuation was a decline from Flipkarts USD 15 billion reported worth in 2015. Prior to the latest round of funding, it had raised more than USD 3 billion, mostly from international investors. eBay will invest USD 500 million in Flipkart as the two firms will merge their operations in the country. As part of the de...

Challenge for Startups to Get Series C & Beyond Funding: Kris Gopalakrishnan

7Apr By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Challenge for Startups to Get Series C & Beyond Funding: Kris Gopalakrishnan

Securing series C and beyond funding is a challenge for start-ups, Information Technology veteran Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses. The start-ups scenario in India is pretty good but when those firms go for series C and beyond funding, there are some challenges, the co-founder and former CEO of Infosys said. "But at the seed stage or series A (funding), there is still money available; good ideas will get funded and there are lot of opportunities for innovation and new startups in the area of financial services, healthcare, niche retail and deeper technologies, converting research into new products and new businesses," Gopalakrishnan told Pixr8 here. "So, there are significant opportunities still (to tap in t...

Under Pressure, India’s Snapdeal Woos Staff With Promises of Profit

5Apr By reutersNo Comments

News

Under Pressure, India’s Snapdeal Woos Staff With Promises of Profit

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk. The sources, familiar with the group, declined to be named as the meetings were not public. Like most e-commerce players in India, Snapdeal is burning cash to sustain discounts - and keep customers - in a cut-throat online market. But as the number three player, it also is under growing pressure from investors and its own employees to consider its bottom line, as well as market share. One of the sources said there had been at least five townhalls in recent weeks, with founders Kunal Bahl and Rohit Bansal delivering motivationa...