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Tata Led Starbucks Launched Teavana Speciality Teas

19Jan By AdityaNo Comments

News

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...

18Jan By AdityaNo Comments

FUNDING

CashRich, an Indian Fintech Startup, Raises Seed Funding

CashRich, a Mumbai-based fintech startup, has raised an undisclosed amount in seed funding from three prominent angel investors in the UK. CashRich is a smart mobile investment app for anyone seeking better ways to manage their money. The app is currently in beta phase (pilot-testing) and shall be launched in the coming months. Sougata Basu, Founder of CashRich, said, "We are excited to receive this funding from investors who share our vision to build a technology-driven financial services company that creates user-friendly products. This equity capital infusion is an early validation of our idea and business model." CashRich complies with SEBI regulations and helps in secure investment transactions with multiple fund houses. The company is currently exploring partnership opportuniti...

Apple’s Entry into Car Industry Will Help iPhone

14Jan By AdityaNo Comments

News

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...

When Google CEO Sundar Pichai Thought “Abey Saale” Was Friendly Greeting

5Jan By AdityaNo Comments

News

When Google CEO Sundar Pichai Thought “Abey Saale” Was Friendly Greeting

Abey Saale is how Googles tactful and tactical chief executive Sundar Pichai had yelled out to a friend across the mess at his alma mater, IIT- Kharagpur more than two-and-half-decades back thinking its a way of greeting people. Chennai-born Pichai, who returned to his alma mater after 23 years, said his comment led to "temporarily" shutting down of the mess. "I came from Chennai. I learnt Hindi in school but I never spoke it much. So, just listening to how people are speaking, I just thought you address people this way. So one day, there was someone in the mess and I had to call him. I called him Abey Saale," he reminisced to an audience of over 3,000 people. "In the first couple of weeks, I thought you call people that way. Next thing I know is the folks in the mess were quite u...

Adventz Group Declined To Acquire Paytm stake, Sunil Munjal Still in Race

3Jan By AdityaNo Comments

News

Adventz Group Declined To Acquire Paytm stake, Sunil Munjal Still in Race

Saroj Poddar-controlled Adventz group today said it was approached for buying a minority stake in Paytm, but has decided against it. If the deal were successfully performed then it will reportedly value the Vijay Shekhar Sharma-led firm at about USD 5-5.6 billion, an increase from USD 4.8 billion valuations in August 2016. "We were approached by a few merchant bankers for a minority stake in Paytm. But we have decided not to go ahead with it," a top official of the group told Pixr8 today. According to sources, Saroj Poddars son Akshay Poddar was negotiating the deal. Valuation is the key reason for not buying into the leading wallet company, the sources indicated. The deal was offered Rs 50 crore worth secondary stock at Rs 8,000 per share. According to media reports, indust...

Everstone Invests USD 35mn in OmniActive Health Technologies

2Jan By AdityaNo Comments

FUNDING

Everstone Invests USD 35mn in OmniActive Health Technologies

Private equity firm Everstone Group has invested USD 35 million in city-based nutraceutical company - OmniActive Health Technologies. "The investment of USD 35 million by Everstone will further accelerate the growth of OmniActive in the fast-expanding nutraceuticals space," the firms said a joint statement issued here today. The deal is Everstones third in the healthcare and wellness sector in less than a year, it said. OmniActive supplies naturally sourced ingredients for eye health, weight management and heart health to global nutraceutical companies that provide food supplements and nutritional fortification, and has strong presence in the US. "OmniActive is now working to achieve similar success in Europe and Asia," the release said. The Everstone investment ? which give...

2Jan By AdityaNo Comments

CHINA

A Tweet That Shake Twitter Business in China

Twitter's manager for China, whose appointment just eight months ago sparked controversy, has announced her resignation but welcomed the growing number of Chinese advertisers even though the service is blocked by Beijing. Kathy Chen, appointed in April as general manager for the China region comprising mainland China, Hong Kong, Macau and Taiwan, made the announcement yesterday evening on her own Twitter account. "Now that the Twitter APAC team (Asia-Pacific team in Singapore) is working directly with Chinese advertisers, this is the right time for me to leave the company," she said. Like other Western platforms such as YouTube, Facebook and Instagram, Twitter is inaccessible in mainland China, blocked by the communist regime's vast system of internet censorship. Unable to reach l...

Soon You Dial ‘14444’ To Raise Your Queries on Digitial Payments

28Dec By AdityaNo Comments

INDIA

Soon You Dial ‘14444’ To Raise Your Queries on Digitial Payments

Nasscom, telecom operators, and NITI Aayog have come together in creating a dedicated helpline 14444 for addressing all queries on digitial payments, as government takes strides to push for more digital transactions post demonetisation. After the fourth meeting of the Committee of Chief Ministers on digital payments, Convenor and Andhra Pradesh Chief Minister Chandrababu Naidu said, plans are afoot to import one million PoS machines to enable cashless payments across India. Briefing the media on the discussions, Naidu also said the Committee of Chief Ministers will present its interim report on digital payments movement to Prime Minister Narendra Modi within a week. "We are planning a sustainable, long-term, policy to attract majority in India to move to digital payments through prov...

Lenskart Setup 100 more Retail Store, Will Spend 10 Crore on Ads

26Dec By AdityaNo Comments

News

Lenskart Setup 100 more Retail Store, Will Spend 10 Crore on Ads

To strengthen its offline presence, online retailer Lenskart will set up 100 retail stores across the country over the next two years. Lenskart currently has 250 outlets across the country. Lenskart, which offers prescription-based and fashion eyewear, currently has seven stores in places like Chandigarh, Pune, Agartala and Goa under the franchise model. With a budget of Rs 10 crore, the eyewear retailer has also lined up a fresh advertising campaign. Peyush Bansal , CEO, Lenskart.com says: “These stores display a large range of eyewear. Customers can choose from them or those available on the website and place orders online from the store, helping us expand our brand not just online but offline as well.” He further said the move will help tap the Indian eyewear market, which get...

26Dec By AdityaNo Comments

INDIA

Prime Minister Unveiled 2 Lucky Draw Schemes To Promote Cashless India Vision

With an eye on cashless economy, Prime Minister Narendra Modi today unveiled two schemes "Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana" for customers and traders alike to promote mobile banking and e-payments. Making his last monthly address this year in his Mann ki Baat programme, he said there is "an atmosphere of curiosity" in the country as to what is cashless, how cashless business can take place and how one can make purchases without using cash. "To encourage this trend, strengthen mobile banking and inculcate the habit of making e-payments, the government is launching from today encouragement schemes for consumers as well as traders. To encourage customers, the scheme is Lucky Grahak Yojana and to encourage traders, the scheme is Digi Dhan Vyapaar Yojana," he said. Modi...

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

23Dec By AdityaNo Comments

News

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

In a move that once again underlines its pioneering status in the country’s automobile industry, Droom, India’s pioneering online automobile transactional marketplace, has announced the launch of Droom History. Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle’s background. Generated using Droom’s proprietary technology, the report will address issues related with a vehicle’s safety, trust, and value. Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, “Unlike USA and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-ownedvehicle, such as ownership history, title dispute, and vehicle-related issues, ...

21Dec By AdityaNo Comments

News

BBC Launching Services in 4 New Indian Languages, Opening 157 New Jobs

The BBC Worldwide Service today said its plan to launch services in 11 new languages, four of them Indian - Marathi, Telugu, Gujarati and Punjabi - was progressing well and they would be operational by mid-2017. The services in the four Indian languages, which will focus on radio, mobile and video content, will create 157 new jobs, the London-headquartered broadcaster said. Addressing the media at the Mumbai Press Club, Indu Shekhar Sinha, Head of Business Development (Asia Pacific), BBC Worldwide Service, said, "We, as a broadcaster, are going to launch services in Telugu, Gujarati, Marathi and Punjabi with focus on radio services, mobile and video content, thus opening the vacancies 157 new jobs in India. "This is certainly one of our biggest expansions till date and is the part of...