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2Mar By kriti singhNo Comments

FUNDING

Nestaway Raises $51 Million Funding From Ratan Tata & Others

NestAway Technologies Pvt. Ltd. also known as NestAway announced that it had raised USD 51 million (Rs. 330 Crores) in series D round. The funding was raised from UC-RNT Fund (a joint venture between Tata Son's chairman emeritus Ratan Tata's RNT Associates and the University of California), Schroder Adveq, Goldman Sachs and the HK . Earlier Ratan Tata was also invested in the Nestaway as an angel investor. This round also saw participation from its existing investor IDG India and Tiger Global. Co-founder and CEO, NestAway Technologies, Amarendra Sahu said, "Our vision is to create accessible living using imagination and empathy and we have been humbled by the market acceptance of our shared as well as family rental solution. With this funding, we shall strive harder to impact n...

Patanjali Goes Online, Aims Over Rs 1,000 Crore Sales in 2018

17Jan By kriti singhNo Comments

BUSINESS

Patanjali Goes Online, Aims Over Rs 1,000 Crore Sales in 2018

Baba Ramdev-led Patanjali Ayurved today announced its foray into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart, and targeting over Rs 1,000 crore this year itself. The Haridwar-based company said it has partnered eight players, which also include Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which its entire range of products would be available online. Besides, Patanjali said it will also expand into new product segments such as bottled water through brand 'Divya Jal' and apparels and footwear under the brand name 'Paridhan' this year. "Online mechanism aims to provide convenient and efficient options along with extension of traditional retail market", said Baba Ramdev. He further added: "We are target...

Apple Sued by iPhone Owners Over Intentional Slowing of Older iPhones

24Dec By kriti singhNo Comments

USA

Apple Sued by iPhone Owners Over Intentional Slowing of Older iPhones

AP- iPhone owners from several states sued Apple for not disclosing sooner that it issued software updates deliberately slowing older-model phones so aging batteries lasted longer, saying Apple's silence led them to wrongly conclude that their only option was to buy newer, pricier iPhones. The allegations were in a lawsuit filed on Thursday in Chicago federal court on behalf of five iPhone owners from Illinois, Ohio, Indiana and North Carolina, all of whom say they would never have bought new iPhones had Apple told them that simply replacing the batteries would have sped up their old ones. The suit alleges Apple violated consumer fraud laws. A similar lawsuit was filed on Thursday in Los Angeles. Both suits came a day after Apple confirmed what high-tech sleuths outside the company a...

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali

17Sep By kriti singhNo Comments

News

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali

E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period. Incentivizing Wallet Payments By capitalizing on the cashless wave, payment through self-funded mobile wallets has become a widely used strategy. Customers paying through these wallets receive exclusive discounts from e-commerce companies. Recently, Amazon launched its Pay Balance feature which allowed customers to pay instantly with pre-loaded Amazon Pay wallets. As an introductory offer, Amazon gave 15% Cashback of upto Rs. 450 to its Prime Members who paid using Pay Balance. Regular shoppers received 10% Cashback of upto R...

Software Testing For GST Complete, Ready For Smooth Rollout: GSTN

28Jun By kriti singhNo Comments

INDIA

Software Testing For GST Complete, Ready For Smooth Rollout: GSTN

GST Network, the company providing technology backbone for the new indirect tax regime today said it has completed all software trials and testings necessary to successfully rollout GST from July 1. Over 66 lakh taxpayers have enrolled on the GSTN portal, Chairman Navin Kumar said. "GST IT system has undergone all mandatory tests and has been opened for new registrations and enrolments on June 25. We would like to assure everyone that the system is functioning smoothly," he said. The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on. Registration has also started for GST practitioners, deduction of tax at source and e-commerce operators (TCS). The government has however deferred...

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

24Jun By kriti singhNo Comments

News

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

Tata Consultancy Services (TCS) was ranked among the top two job creators in the US for the IT services sector over the past five years, according to a study. The countrys largest software exporter has recruited more than 12,500 US employees from 2012-2016, while it ranked first in terms of US employee growth during that period, at 57 per cent, said the study by The Cambridge Group. The company has had a presence in the US for more than four decades, and the ranking in The Cambridge Group report reflects the IT giants ongoing level of investment in the worlds largest economy, the study explained. The Mumbai-headquartered exporter has invested nearly USD 3 billion in the US over the past three years, in terms of employment, new innovation labs, extensive nationwide STEM education p...

Twitter Uses AI Technique Twitter To Show Tweets on Your Timeline

11May By kriti singhNo Comments

News

Twitter Uses AI Technique Twitter To Show Tweets on Your Timeline

Twitter has started using a trendy type of artificial intelligence to figure out which tweets to show on the timeline of its over 300 million monthly active users. The popular micro-blogging site is evaluating and scoring thousands of tweets per second to determine what is worth recommending on timelines, taking into consideration an increasing number of factors, including whether tweets contain images or videos, the number of retweets and likes, and your previous interactions with other account holders, Twitter software engineers Nicolas Koumchatzky and Anton Andryeyev wrote in a blog post, CNBC news reported. Tech giants like Facebook, Google and Microsoft among others have previously attempted to improve various products using deep learning, a trendy type of artificial intelligenc...

9May By kriti singhNo Comments

BUSINESS

Jio Effect: Airtel Q4 Net Income Plunges 72%, From 1319 Crore to Rs 373.4 Crore

Bharti Airtel today registered a sharp 72 per cent decline in consolidated net income at Rs 373.4 crore for the fourth quarter ended March 2017, hit by "sustained predatory pricing" by newcomer Reliance Jio. Net income stood at Rs 1,319 crore in the same period a year ago. Total revenue fell 12 per cent to Rs 21,934.6 crore, from Rs 24,959.6 crore in the same period last fiscal. The earnings numbers came in after market hours. "The sustained predatory pricing by the new operator has led to a decline in revenue growth for the second quarter in a row. The telecom industry as a whole also witnessed a revenue decline for the first time ever on a full-year basis," Bharti Airtel MD and CEO (India and South Asia) Gopal Vittal said. Pointing towards the "tsunami" of incoming voice traffic...

Snapdeal Sale: SoftBank Hopes Nexus Venture Too Come on Board

25Apr By kriti singhNo Comments

News

Snapdeal Sale: SoftBank Hopes Nexus Venture Too Come on Board

Japans SoftBank is hopeful of getting a nod soon from co-investor Nexus Venture Partners to sell Snapdeal to Indias largest e-commerce firm Flipkart. According to sources, Softbank -- the largest shareholder in Snapdeal-- has been successful in getting Kalaari to agree to the deal but is yet to get Nexus Venture Partners on board for the same. This should come through in the next one or two weeks and the deal may get announced next month, they added. SoftBank, Kalaari and Nexus did not respond to e-mails sent to them. Jasper Infotechs (which operates Snapdeal) seven-member board includes representation from investors SoftBank, Kalaari Capital and Nexus Venture Partners, as well as co-founders Kunal Bahl and Rohit Bansal. The deal, if completed, would mark the biggest acquisi...

Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund

21Apr By kriti singhNo Comments

FUNDING

Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund

Hero Enterprises Chairman Sunil Kant Munjal today committed an investment of Rs 100 crore in a new fund of social venture capital firm Aavishkaar -- Aavishkaar Bharat Fund. The fund is sixth by Aavishkaar and a Sebi-registered category II alternative investment fund (AIF). "At this stage in India's evolution, it is clear that for the entire country to develop, rural areas and underprivileged citizens must become part of the economic miracle, not through charity, but through real opportunities," Munjal said in a statement. The fund, targeting a corpus of Rs 2,000 crore will invest in businesses that deal in under-served population in sectors such as agriculture, financial services, healthcare, waste and sanitation, renewable energy and logistics and supply chain. Aavishkaar Foun...

Lawyer Seeks FIR Against TVF Founder Over Harassment Charges

17Mar By kriti singhNo Comments

News

Lawyer Seeks FIR Against TVF Founder Over Harassment Charges

A lawyer today filed an application with MIDC police station in suburban Andheri, demanding registration of FIR for sexual harassment against Arunabh Kumar, founder of web entertainment firm The Viral Fever(TVF). The complaint referred to accusations of sexual harassment against Kumar made in a blog post by an anonymous woman who claimed to be a former TVF employee. TVF has denied the allegations. Advocate Rizwan Siddqiuee, the lawyer, today said a third person can set in motion a criminal case in such matters, so he had approached the police. "I have filed a complaint against Arunabh Kumar for intentionally indulging in various wilful, criminal, vulgar and contentious acts of sexual harassment against a woman at workplace," he said, Senior police inspector Shailesh Pasalwad of MI...

Now You Can Call Darji (Tailor Master) at Home

1May By kriti singhNo Comments

Story

Now You Can Call Darji (Tailor Master) at Home

“Fashion is about good energy. It’s about feelings. That’s what I have to give the people, good energy and good feelings.” – Adriana Lima With the same passion for fashion and knowledge of the art of tailoring, Reshapeattire was brought into existence. There is a huge market for us to buy new clothing online but none to reshape or resize our existing clothes. After closely analysing the market, the founder figured out that this need of the consumers was yet to be catered. Hence, the founder came up with Reshapeattire. THE COURSE OF RESHAPEATTIRE “I had noticed it among my friends & acquaintances that clothes got thrown quite often because of fluctuating body weight. I found it odd there was nothing in the market where we could ‘fix-up that old jeans’ or ‘resize that old...