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HostGator Supports ‘Make in India’ With The ‘Host In India’ Initiative

14Aug By NitishNo Comments

News

HostGator Supports ‘Make in India’ With The ‘Host In India’ Initiative

HostGator India, an Endurance International Group brand and leading provider of shared, reseller and Virtual Private Server hosting solutions, has announced its support for 'Make In India' with the launch of 'Host In India,' an initiative for Indian businesses. Indian brands that are looking to establish their online presence can enhance their overall marketability through deploying Indian web hosting services powered by geo-based hosting from GPX- India's leading tier IV datacentre for faster website loading time and 99.99% uptime guarantee. Through this initiative, HostGator India aims to drive adoption of local hosting solutions amongst web designers, developers, bloggers, startups, enterprise businesses, application hosts and ecommerce sites that experience high traffic in India. Th...

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...

Anand Mahindra Looking To Launch Driverless Tractor

11Aug By NitishNo Comments

News

Anand Mahindra Looking To Launch Driverless Tractor

Mahindra group is investing in the future of mobility with intentions to play a pioneering role in the development of driverless tractors and commercial vehicles, its Chairman Anand Mahindra today said. Amid speculations in the world whether conventional auto companies will survive in a transformed environment, he said the buzz about the future of mobility is centered around three topics -- shared mobility, role of renewable energy- powered vehicles and autonomous vehicles. "Mahindra is investing in the future of mobility by combining our innovative manufacturing capabilities with our investments in downstream platforms," he said while addressing the companys AGM here. Stressing on the groups ambitions to be prepared for the future, Mahindra said: "Everyone in the world is...

Investor Valic Marked Up Valuation of Flipkart by 10%

10Aug By NitishNo Comments

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Investor Valic Marked Up Valuation of Flipkart by 10%

Valic, Series D investor in India's leading e-commerce startup Flipkart, marked up valuation of Flipkart by 10%. The valuation of Flipkart goes to $108.04 per share compared to $98.19 per share for the February ended quarter. Initially Mutual fund investor Valic had marked down the value of Flipkart for two consecutive quarters by 20.2% and 12% respectively. Adding this marked up Flipkart value is at around $11.55 billion, as compared to $10.5 billion earlier. Valic had picked up shares in Flipkart as a part of its series D round of funding in 2013, when the India's largest e-commerce player had raised $360 million in two tranches. Last month, another mutual fund investor Fidelity had disclosed a marginal 3% markup in the valuation of its Flipkart shares, after two consecutive ...

Indian Homes Have Rs 78,300 Cr Worth of Used Goods: OLX Report

9Aug By NitishNo Comments

ANALYSIS

Indian Homes Have Rs 78,300 Cr Worth of Used Goods: OLX Report

Indian homes are estimated to have over Rs 78,300 crore worth of used goods like clothing, utensils and books, a study by used goods marketplace OLX said today. According to the third edition of Consumer Research on Used Goods and Selling Trends (CRUST) Survey 2015-16, the estimated market for used goods was about Rs 56,200 crore. In its first survey in 2013-14, OLX had coined the term Brown Money to represent the value locked in unused goods gathering dust in homes. The report prepared by OLX and market research firm IMRB found that on an average, every Indian household is stocking 12 clothing items, 14 kitchen utensils, 11 books, 7 kitchen appliances, 2 mobile phones and 3 watches. South India leads other regions on stocking, while among cities, Chandigarh and Kochi at 98 per cent le...

Nasper is Set To Acquire Citrus Pay For $180 Million

8Aug By NitishNo Comments

ACQUISITION

Nasper is Set To Acquire Citrus Pay For $180 Million

Citrus Pay, founded by Jitendra Gupta and Satyen Kothari in 2011 set to acquire by South African media and internet conglomerate Naspers for around $150-180 million, in an all-cash transaction deal. Japan's internet major Rakuten was also one of the contender to acquire Citrus Pay. However, the deal fell through. This acquisition deal is one of the largest deals in the Indian payments market. Earlier Snapdeal buy out Freecharge for $400 million (30% cash, 70% stock). The domestic payments market has been abuzz with mergers and acquisitions in the past year after vast opportunity created by leading players Paytm and Freecharge. ALSO READ: PayPal founder invest $3 million in Mumbai based startup citrus Pay Payment company Citrus Pay acts as a bridge between bank acc...

Meet An Indian Startup Which is Famous Outside of India

8Aug By NitishNo Comments

Story

Meet An Indian Startup Which is Famous Outside of India

There is one question, which always come to our mind whenever we use Facebook, Google and other platforms. Is there any Indian company established its footprint globally like them? Most people don't have answer of it. Why? Because due to less exposure or marketing, we are unable to find out such Indian companies. But today we are introducing one such unknown company, whom you never heard of. The Indian company based in Bengaluru silently established its footprint globally including US, UK & other countries army region. Founded by Arvind Lakshmikumar, Tonbo, a Bengaluru based advanced night vision system, which means Dragonfly in Japanese. The startup is backed by Artiman Ventures. Arvind is an alumnus of BITS Pilani and Carnegie Mellon U...

Retailers Earn More From Online Than Offline Sales: Study

6Aug By NitishNo Comments

ANALYSIS

Retailers Earn More From Online Than Offline Sales: Study

Retailers offering customers an option to buy products online earn more revenue than those who only sell their goods offline, according to a new study. The study suggests that customers spend more online because it is easier to locate items through the search function. Junzhao Ma, a lecturer at Monash University in Australia studied how a larger selection of products available online affects consumer spending, using data from a large US retailer that specialises in apparel and offers both printed catalogue and internet shopping. In particular, he examined the effect on the retailer's main products, offered in the catalogues and for which there was high demand and the less-popular niche items that were available on the retailer's website but hard to find in its catalogues. Ma found ...

P2P Lending Platform i2ifunding Announces ‘Principal Protection Fund’

5Aug By NitishNo Comments

News

P2P Lending Platform i2ifunding Announces ‘Principal Protection Fund’

i2ifunding.com, leading peer-to-peer lending platform has announced first-of-its-kind investor protection fund, which will allow its investors to enjoy up to 100% protection against loan defaults. Speaking about the announcement of Principal Protection Fund, Vaibhav Pandey, Co-founder and CEO of i2ifunding.com said, "The principal protection fund is a step further in our commitment to build a healthy ecosystem. The investors on our platform now significantly reduce the risk of losing their principal because of a loan default. While we ensure that there are no defaults, even if they do happen, we will share the burden with the investors. With this fund, we have increased our skin in the game." The participation in the 'Principal Protection Fund' is available by default to all investors wh...

GST is Challenge For IT Industry Because of Multiple Taxes : Nasscom

4Aug By NitishNo Comments

News

GST is Challenge For IT Industry Because of Multiple Taxes : Nasscom

The GST regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said today. Nasscom President R Chandrasekhar said the concerns regarding multiple taxation points have been brought to the notice of the government and it expects a positive response while framing the GST law. "IT services are intangible. The way things are looked at in the GST law, not the Constitution amendment, there we have a number of concerns which have been shared with the government. "We feel that today for IT services, it is a simple regime. One single point of taxation which is central service tax, one single point of registration, one single invoice, one single place where you hav...

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

25Jul By NitishNo Comments

Story

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

As Verizon Communications Inc announced that it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. CEO and Head of Yahoo, Marisaa Mayer wrote an emotional letter to all search based employees. She mentioned in the blog - Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today. Given the interest around our journey to this point, I wanted to share more about today’s announcement. –Marissa. Dear Yahoos, Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the c...

Quikr Acquired Hiree To Step-up in Jobs Market

25Jul By NitishNo Comments

ACQUISITION

Quikr Acquired Hiree To Step-up in Jobs Market

Quikr, India’s category classifieds business has acquired Hiree, an online hiring platform focused on white collar jobs. Hiree which counts world’s largest IT companies and India’s highest valued startups in its customer list will be merged with its jobs vertical QuikrJobs and will operate out of Quikr HQ. Already a leading recruitment platform for blue, grey collar and entry-level jobs across India, the acquisition will further strengthen QuikrJobs’ offerings to address recruitment needs for the entire spectrum of job categories across industries. The combined entity will create a leading recruitment platform that connects over 4mm active candidates with recruiters across the country. The enhanced product portfolio coupled with Quikr’s pioneering missed call service will make...