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Patanjali Start Operation in International Markets, Setup Unit in Bangladesh & Nepal

11Sep By AdityaNo Comments

News

Patanjali Start Operation in International Markets, Setup Unit in Bangladesh & Nepal

Yoga guru Ramdev-owned Patanjali group is all set to explore international markets with its FMCG products and may also enter Pakistan and Afghanistan in future. "We have already set up our units in Nepal and Bangladesh and our products have reached the Middle East and became popular in some of the countries, including Saudi Arabia," Baba Ramdev told reporters here. "We should be concentrating in poor countries as the profits from those countries will be utilised for development work there itself. "The entry to Pakistan and Afghanistan will mostly depend on the prevailing political situation, and if the situation is politically conducive, units will be set up there," he said. He said their company products are reaching right up to Canada. Patanjali has already entered Azerbaijan which ...

InMobi Launches a Suite of Advanced Video Ad Formats

8Sep By AdityaNo Comments

News

InMobi Launches a Suite of Advanced Video Ad Formats

InMobi, a global mobile advertising and discovery platform, today announced the launch of a suite of advanced video ad formats in India. With full screen formats and HD quality videos, advertisers will now be able to offer a TV-like experience to users. The platform includes a comprehensive suite of ad formats including vertical videos, interactive videos, 360 degree videos, opt-in videos and in-stream videos. Mary Meeker's recent report on Internet trends shows a 55% growth in smartphone usage in India, making it the second largest market globally. In parallel, InMobi saw a 150% growth in video ad plays on mobile in India in the first half of 2016. Clearly, Indian users are adopting mobile as their first and primary device for consuming video content. As advertisers build their arsenal...

IT Minister Ravi Shankar Prasad Faces Flak Over Twitter To Rope in Pvt Cloud Firms

6Sep By AdityaNo Comments

INDIA

IT Minister Ravi Shankar Prasad Faces Flak Over Twitter To Rope in Pvt Cloud Firms

IT Ministry reported plan to rope in private companies like Microsoft and IBM for providing cloud computing services to government departments has come under flak from cyber security experts. "I think by using cloud services of foreign companies like Microsoft and IBM, IT Ministry has decided to throw all Data and National Security concerns into a dustbin. What has happened to the National Cloud Project of government? We appeal the Prime Minister to intervene and stop this else this will send a wrong message," Indian Infosec Consortium (IIC) CEO Jiten Jain said. IIC is Indias cyber security group which has around 4,000 members. "If the worlds software super power (India) does not have the capacity to even build its own Indigenous cloud infrastructure then where is Make in India," Jain s...

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...

Jugnoo Introduces Unified Payment Interface Upholding Cashless Economy

2Sep By AdityaNo Comments

News

Jugnoo Introduces Unified Payment Interface Upholding Cashless Economy

Perpetuating the futuristic and simpler mode of payment, Jugnoo announces the integration of Unified Payment Interface (UPI). With this roll out, Jugnoo sends out a strong and profound message that digital transactions are the future of Indian economy. The leading auto-rickshaw aggregator is of the opinion that this integration is aimed at detangling payment complexities for customers who have not yet adapted to payment gateways and wallets. Furthermore, this assimilation is touted to aid in increasing digital transactions, which is currently pegged at a Y-O-Y growth of 40 percent. "There is a lot of friction in the current digital payment ecosystem. Although slowly and steadily people are getting used to shopping and paying online in India, there still is a vast majority in the ...

LeEco Like Xiaomi Will Assemble smartphones in India, Invests $7 Million

31Aug By AdityaNo Comments

News

LeEco Like Xiaomi Will Assemble smartphones in India, Invests $7 Million

Joining peers such as Xiaomi, Vivo and Gionee, Chinese handset maker LeEco will assemble its smartphones in India, investing Rs 50 crore in the facility. Set up in partnership with Compal Electronics, the facility in Greater Noida will have an initial capacity of 60,000 units a month. This will be ramped up to 2,00,000 by the end of December. "We have partnered with Compal for the facility and will start with the assembly of Le2. We will invest Rs 35 crore to start with and have earmarked another Rs 12-15 crore for the ramp-up," LeEco COO Smart Electronics Business Atul Jain said. He added that the facility, spread over 2,00,000 sq ft, will provide jobs to nearly 200 people. "India will be a global export hub... We are already there in China, Hong Kong and will soon star...

Yes Bank Launches Digital Wallet ‘Yes Pay’ Across Android, iOS Platforms

30Aug By AdityaNo Comments

News

Yes Bank Launches Digital Wallet ‘Yes Pay’ Across Android, iOS Platforms

India's fifth largest private sector bank Yes Bank has announced the launch of 'Yes Pay', a digital wallet across Android and iOS mobile platforms. As a new development in the realm of digital payments, Yes Pay is also built as a Facebook app. The fact that the wallet can be accessed through Facebook without any additional registration, Yes Pay has now empowered all social media and Smartphone users to be money-wise. Apart from mobile recharge and bill payment which are the key offerings for most digital wallets in India, Yes Pay also features functionalities that allow both 'users' and 'non users' to send and receive money. "Our wallet does not require that both the transacting parties be registered on the wallet. That brings to fore immense possibilities. Think of a businessman wh...

28Aug By AdityaNo Comments

FUNDING

Couponhaat.in Gears up to Raise $2M in Series A Funding

Delhi-based start-up and Indian e-commerce company Couponhaat which provides best coupons and deals for online shoppers, is gearing up to raise around $2 Million in series A funding. The fund raising plan is in sync with its expansion plans and increasing the team size. So far, Couponhaat is fully self-funded. Within just one year of its operation, Couponhaat has emerged as the fresh face of the online coupons and deals industry. Couponhaat offers more than 300,000 coupons to redeem and 7000 live coupons, thousands of product pages and countless deals listed on the site. Over last quarter Couponhaat has raised its graph tremendously and attracted over 2 million hits on the website. The traffic is steadily increasing each month, since the time of its very inception in the month of Apr...

Freecharge, Freshdesk Founders Invest in O2O Platform Crownit

27Aug By AdityaNo Comments

FUNDING

Freecharge, Freshdesk Founders Invest in O2O Platform Crownit

Freecharge founders Kunal Shah and Sandeep Tandon, and Freshdesk founder Gireesh Mathrubootham have invested in Crownit, an Online to Offline (O2O) local merchants discovery platform. The size of the deal is however not disclosed. Ex-Snapdeal chief product officer Anand Chandrasekaran has also invested in the venture, the company said in a statement. "We are building Indias largest offline deals company using app-only cost efficient cash-back approach. We are replicating the success of Meituan (China's largest offline deals company) in India. We will continue to scale using product innovation without the need of large capital," Sameer Grover, founder and CEO, Crownit said. Crownit primarily targets offline merchants segment with direct consumer discounts and deals category in India...

Micromax and Panasonic Have Partnered With Reliance Jio For 90 Days Free Voice, Data Service

25Aug By AdityaNo Comments

News

Micromax and Panasonic Have Partnered With Reliance Jio For 90 Days Free Voice, Data Service

Micromax and Panasonic have partnered with telecom services firm Reliance Jio to provide free voice and data services for 90 days to smartphone buyers. Reliance Jio, which is expected to roll out commercial services in the coming months, has similar offers running in partnerships with Samsung and LG. "Under the terms of the Jio Preview Offer, consumers who purchase Micromax 4G smart devices will get Reliance Jio 4G SIM to get complementary access to unlimited HD Voice, Video calling, unlimited SMS, unlimited High-Speed Data services, and access to Jio Apps," Micromax Chief Marketing Officer Shubhajit Sen said. Micromaxs subsidiary YU also said buyers of any YU smartphone will get free voice and data services in the trial period with immediate effect. Panasonic India has also annou...

Razorpay, an Online Payments Platform Introduces Flash Checkout

22Aug By AdityaNo Comments

News

Razorpay, an Online Payments Platform Introduces Flash Checkout

Razorpay, an online payments platform, today, announced the launch of "Flash Checkout", which will cut down transaction times by 60% when the card is saved with Razorpay, further simplifying online payments. In our constant endeavor to simplify transactions, this feature will help customers close a transaction quicker and bring these benefits to the entire gamut of Razorpay's merchants, said Shashank Kumar, Co-Founder, Razorpay. The product runs on a patent-pending technology through which a customer needs to authenticate themselves only once on a mobile device. Following which, all saved cards will be available across merchants of Razorpay helping users have simpler and faster transactions on mobile and desktop transactions. The device authentication feature is a first in the payments i...

Home-Grown Jivi Mobiles to Invest Rs 200 Cr in Mobile Manufacturing

22Aug By AdityaNo Comments

BUSINESS

Home-Grown Jivi Mobiles to Invest Rs 200 Cr in Mobile Manufacturing

Home-grown mobile phone maker Jivi Mobiles plans to invest up to Rs 200 crore in setting up a new manufacturing unit in Lonavala with initial production capacity of 5 lakh units per month. "We are selling around 3-3.5 lakh feature phones per month. By Diwali, we expect to reach sales of 6 lakh units a month. Based on demand, we expect to sell 10 lakh units per month by 2017-18 for which we are setting up additional plant in Lonavala with investment of Rs 180-200 crore," Jivi Mobiles CEO Pankaj Anand said. Jivi at present has a mobile assembly unit in Delhi where it produces 3-3.5 lakh mobile feature phones per month. "We could have opted for a contract manufacturer but due to issue of quality control and supply issues, we have started our own unit in Delhi with investment of Rs 150 cr...