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E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl

18Sep By Press Trust of IndiaNo Comments

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E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl

The e-commerce bubble is likely to burst sooner than later as businesses run on profits and not on ideas, former MD of Network18 Raghav Bahl said. “The bubble is going to burst. History has been witness to this time and again. For the past 100 years, these bubbles have been created from the Tulips, to the dotcoms and now e-commerce. Ultimately, businesses run on cash flows and profits and not on ideas that can be valued at astronomical figures”, he said at the India Retail Forum (IRF) in Mumbai. (more…)

Expected to Be Profitable in 3 Years – Kunal Bahl, Snapdeal CEO

18Sep By Press Trust of IndiaNo Comments

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Expected to Be Profitable in 3 Years – Kunal Bahl, Snapdeal CEO

E-commerce major Snapdeal expects to be operationally profitable in the next three years and is investing heavily in building infrastructure to scale up its business. "More specifically in the next three-year period, at least in our business, I feel fairly confident that we will be at that point of profitability," Snapdeal CEO Kunal Bahl on Thursday said at an International Chambers of Commerce event. (more…)

Technogym Launches World’s First Google Glass Controlled Treadmill

16Sep By Press Trust of IndiaNo Comments

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Technogym Launches World’s First Google Glass Controlled Treadmill

Wearable smart-computer represents the next stage in computing and Google Glass is the most hotly-anticipated gadget in that space. Now imagine your fitness equipment with this revolutionary technology Technogym, the leading producer of design and technology-driven fitness equipment, launches world’s first Google glass controlled treadmill 'Artis'. This avant-garde technology will create a rage in the fitness industry! The treadmill which has been exclusively designed by Technogym for the fitness connoisseurs of the future, allows the Glass wearer to control the speed of the treadmill using voice commands. They can also see running data on their headset and communicate with a personal trainer via a webcam. Thanks to the brand new UNITY technology, the first android-based console dis...

8Sep By Press Trust of IndiaNo Comments

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Sourav Ganguly will host Bengal’s first entrepreneurship based reality show

The former Indian captain Sourav Ganguly is well known for his television show Dadagiri and now become the face of an upcoming Bengali business reality show Egiye Bangla - apni jokhon entrepreneur. The request came from none other than Chief minister of Bengal Ms. Mamata Banerjee. The show is being sponsored by Bengal government, as Mamata Banerjee wants to promote - Shilpo Karun, Bangla Gorun and for that small entrepreneurs are now being focused to create jobs. (more…)

Axilor Ventures Announces Kris Gopalakrishnan as its New Chairman; Launches Applications for its Second Accelerator Batch

3Aug By Press Trust of IndiaNo Comments

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Axilor Ventures Announces Kris Gopalakrishnan as its New Chairman; Launches Applications for its Second Accelerator Batch

Axilor Ventures today announced that Kris Gopalakrishnan will be taking over as its Non-Executive Chairman. Kris Gopalakrishnan, co-founder of Infosys and its former Vice-Chairman, is recognized as a global business and technology leader. Kris was selected to Thinkers 50, an elite list of global business thinkers, for the year 2009. A Padma Bhushan awardee, he was elected president of India''s apex industry chamber Confederation of Indian Industry (CII) for 2013-14, and served as one of the co-chairs of the World Economic Forum in Davos in January 2014. He serves on the Board of Governors of IIT-Madras, IIM Bangalore and is the Chairman for the Board of Governors of IIIT-Bangalore. On taking over as the Chairman, Kris Gopalakrishnan said, ‘Axilor Ventures helps startup...

Internet and e-commerce help Chinese farmers to increase incomes

2Aug By Press Trust of IndiaNo Comments

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Internet and e-commerce help Chinese farmers to increase incomes

In china, farmers too are becoming tech-savvy which is leading to a good harvest from better care of the crops.These farmers are using technology to the fullest and the result is visible in the increased incomes of these farmers. Chinese internet conglomerate, Alibaba, too is supporting these farmers take the leap, with plans to invest 10 billion yuan (USD 1 billion). (more…)