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Shoppers Stop Eyes 2 Million Online Users, 15% Online Sales By 2020

10Nov By AdityaNo Comments

News

Shoppers Stop Eyes 2 Million Online Users, 15% Online Sales By 2020

Fashion retailer Shoppers Stop is looking at doubling its mobile application downloads to 2 million and 15 per cent sales through its digital touch points by 2020, a senior executive said. "We are following a four-pronged strategy to grow our business by enhancing the customer experience, offering a wider assortment, leveraging technology and focusing on innovation to meet our 2020 target of 15 per cent sales through digital touch points," Shoppers Stop Customer Care Associate and MD Govind Shrikhande told reporters here. "Our mobile application, launched six months back, presently has over 9 lakh downloads and we are looking to double that by 2020," he added. The retail company, which is celebrating its 25th year, presently offers 60 per cent of its products online and plans t...

Samsung Will Offer AI Based Virtaul Assistant Service in Galaxy S8 Smartphone

7Nov By AdityaNo Comments

Tech

Samsung Will Offer AI Based Virtaul Assistant Service in Galaxy S8 Smartphone

Samsung Electronics said today it will offer an artificial intelligence assistant service in the upcoming flagship smartphone, as the South Korean firm seeks recovery from its global smartphone recalls. The Galaxy S8 will let users order food or perform other tasks without going through a third-party application but by simply asking the phone's virtual assistant, the company said in a statement. The artificial intelligence service will also be made available in Samsung's other consumer electronics products, such as refrigerators. The company declined to disclose what specific tasks the S8 phone will perform through its artificial intelligence feature but expected to unveil the next iteration for its flagship Galaxy device in spring as it has typically done in the past. Sales of the Gala...

Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

5Nov By AdityaNo Comments

News

Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on "growing and attractive segments" of the passenger vehicles market. The company, however, refuted Mistry's allegations that another reason for it not shutting down the Nano, besides emotional reasons, was the supply of gliders to an electric car maker in which Ratan Tata has a stake. "... due to combination of several factors including project delays, due to change in location of the factory and the perception of being a low-priced car, the volumes initially anticipated did not materialise and utilisation of capacities are significantly lower," Tata Motors ...

3Nov By AdityaNo Comments

FUNDING

Zarget Raises $6 Million Series A Funding From Sequoia India

Zarget today announced it has raised $6M Series A round of funding, led by Sequoia India, with participation from current investors Accel, and Matrix Partners. The company plans to use funds to scale its marketing automation products and help small businesses easily optimize their web presence in real-time without any coding skills required. With Zarget’s all-in-one platform, any business owner has an easy and affordable way to become an effective digital marketer and improve performance of their websites instantly, without learning how to code or hiring an expensive IT department. Zarget offers all of the capabilities of competing solutions and more – including A/B testing, dynamic heatmaps, funnel analysis, form analytics, and user polls and feedback – but at 10% of the cost, and it’s...

Dissatisfaction With Job on the Rise, Employees Blame Poor Work-life Balance: Survey

30Oct By AdityaNo Comments

ANALYSIS

Dissatisfaction With Job on the Rise, Employees Blame Poor Work-life Balance: Survey

A Whopping 60% Indian Employees are not Satisfied With Their Current job, 80% are Looking out for job Change Reveals the 'Job Satisfaction 2016' by Timesjobs. India Inc. is about to be bumped over by a big challenge - that of talent retention. The findings of the 'Job Satisfaction 2016' survey reveals that 60% employees are not satisfied with their current job and 80% of the participating employees stated that they are looking to switch jobs. Compared to the 'Job Satisfaction 2015' survey results there has been a noticeable rise in the level of dissatisfaction. In the 2015 study, 78% employees stated that they were happy with their current job, although they were still open to other opportunities. This drop in satisfaction is a sharp contradiction to the claims and promises of Ind...

This is Why Cyrus Mistry Ousted By Ratan Tata? Surprised By The Reason Says Mistry

30Oct By AdityaNo Comments

News

This is Why Cyrus Mistry Ousted By Ratan Tata? Surprised By The Reason Says Mistry

The war of words between Tata Sons and its ousted Chairman Cyrus Mistry ratcheted up a notch late on Friday, with Mistry stating he was surprised with reasons given by the Indian conglomerate for his dismissal. Mistry was sacked as chairman by the board of Tata Sons on Monday and a scathing 5-page letter he wrote to the board was leaked on Wednesday, turning a boardroom feud into a public row. Mistry's letter included allegations of corporate governance failures within Tata Sons, and a series of other barbs aimed at family patriarch Ratan Tata, who has returned as interim chair of the $104 billion salt-to-software conglomerate. In a statement on Thursday, Tata accused Mistry - whose Pallonji family owns a minority stake in Tata Sons - of making "unsubstantiated claims and malicious a...

India’s First Electric Scooter Startup Ather Energy Raises 205 Cr From Hero Motocorp

27Oct By AdityaNo Comments

FUNDING

India’s First Electric Scooter Startup Ather Energy Raises 205 Cr From Hero Motocorp

Ather Energy, India’s first smart electric scooter startup has raised 205 Cr Series B funding from India's leading Bike Company Hero Motocorp. The startup will use this funding in engineering and production work for the S340 (Ather's first e-scooter model) and on ubiquitous charging infrastructure. The startup has already raises funding from investors like Tiger Global and Sachin and Binny Bansal. But this is the first time Ather Energy investor list includes any automobile veteran. Ather Energy in a press release said, "Hero understands where the future of vehicles is headed. And this change will be quite a rapid one which will change the landscape of this industry. One cannot sit on the side-lines. One cannot not participate. A company of their size cannot move like a start-up but ...

Times Internet Eyes Rs 1,000 Cr Net Revenue in FY17

25Oct By AdityaNo Comments

BUSINESS

Times Internet Eyes Rs 1,000 Cr Net Revenue in FY17

Times Internet, the digital products company owned by media conglomerate BCCL, is eyeing a net revenue of over Rs 1,000 crore during the current financial year. "Over the last four years, we've focused on changing from being a media company to a full stack product and technology company. At this time, both our net revenues and audience reach have grown 3-4 times, which makes us feel positive about the effect of our strategy," Times Internet CEO Gautam Sinha said in a statement. The company has crossed 175 million unique monthly visitors and "is on track to cross Rs 1000 crore in net revenue this fiscal year," it said. The firm owned by Bennett Coleman & Co Ltd (BCCL) runs over 35 digital properties including Timesofindia.com, Cricbuzz, Gaana.com, MagicBricks and MensXP, among...

Have you Checked Snapdeal’s Logistics and Delivery Team Unbox Zindagi Look?

24Oct By AdityaNo Comments

News

Have you Checked Snapdeal’s Logistics and Delivery Team Unbox Zindagi Look?

Snapdeal, India’s largest online marketplace, today announced its collaboration with Nikasha Tawadey Khemka, a contemporary prêt and couture label that retails from leading fashion boutiques in India and abroad. As part of Snapdeal’s brand revamp, Nikasha has designed the new brand look for Snapdeal’s delivery team. The designer uniform for Snapdeal is a beautiful mix of strong aesthetics and functionality, and uses a color blocking element that has been taken from the logo itself. This gives a sleek and edgy feel to the designed outfits. The complete gear includes Nehru-collared T-shirts, accessories like waist pouch, cap and delivery bag in the cheery Vermello brand colour. The new look of the logistics staff takes cues from the brand’s warm and vibrant ‘Unbox Zindagi’ positioning ...

China Made ATM Machines and Software Affected 6 Lakh SBI Debit Cards

19Oct By AdityaNo Comments

News

China Made ATM Machines and Software Affected 6 Lakh SBI Debit Cards

India's largest public sector bank State Bank of India (SBI) and its subsidiary blocked 6.25 lakh customers debit cards after finding security breach in transactions at third-party ATM machines. The government led bank sent emails and SMS to customers, to alert them about blockage, and also asked them to re-apply for new cards at their respective branches. “About 0.25% of our cards have been blocked. We came to know that some of our customers have used SBI debit cards at Yes Bank ATM machines, the software of these ATM's were designed in Chinese company Hitachi payment services,” said SBI's security officer at the condition of no identity disclose. “In the past 3-4 days, we saw some unidentified and suspicious transactions at some ATMs and hence the cards were blocked immediately....

Bollywood Actor Boman Irani Invested in Rooter a Sports Based Social Platform

17Oct By AdityaNo Comments

FUNDING

Bollywood Actor Boman Irani Invested in Rooter a Sports Based Social Platform

Rooter, the world's first social platform that connects sports fans and engages them during live sporting events, has announced the successful completion of a part of its angel investment round. Enabled by Kwan Entertainment Pvt. Ltd, the round was led by renowned Bollywood star Boman Irani and saw participation from Dhruv Chitgopekar and Prantik Dasgupta. The funds secured will be used to strengthen the technology team at Rooter as well as to create strategic partnerships with various sports platforms, teams, fan clubs and associations. Offering a chance for sports fans to connect with one another across real and virtual worlds, mobile-based platform that helps users engage with others sharing their passion. With its focus on smart technology, Rooter takes sporting interaction...

Get My Parking Launches On-street Smart Parking Without Need of Sensors

14Oct By AdityaNo Comments

News

Get My Parking Launches On-street Smart Parking Without Need of Sensors

Get My Parking (GMP), a Chennai Angels funded venture started by IIT Madras and FMS Delhi alumni which has digitized the parking industry launches On-street Smart Parking. Despite the industry inertia they have revolutionized the parking industry. With 50,000 parking spots in Delhi and appreciation by honorable PM Narendra Modi for their work in Kumbh Mela, they are now market leaders in mobile-based smart parking technology. They have a strong foundation of team and technology and have partnerships with leading system integrators and parking hardware manufacturers. They are now working with several city municipal corporations to accelerate smart parking digitization and accomplish the mission to change urban mobility in India. Parking is a Complex Problem Delhi RTO registers 1600 ...