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Smartphone Manufacturing Industry To Reach Rs 1.35 Lakh Cr by 2020: Report

3Aug By Press Trust of IndiaNo Comments

ANALYSIS

Smartphone Manufacturing Industry To Reach Rs 1.35 Lakh Cr by 2020: Report

Indian mobile phone manufacturing industry is estimated to reach Rs 1.35 lakh crore by 2019-20, says a report. "The size of the domestic mobile manufacturing industry in FY (financial year) 2019-20 is expected to be Rs 1,35,000 crore as compared to Rs 94,000 crore in FY 2016-17. For smartphones, the market size of domestic manufacturing in FY 2019-20 will be Rs 1,20,200 crore," the joint report released by industry body IAMAI and Enixta Innovations said. (more…)

Swiggy Scam: Is India’s Best Startup Award Winner, a Wolf in Sheep’s Clothing?

29Jul By AnkitaNo Comments

ANALYSIS, News

Swiggy Scam: Is India’s Best Startup Award Winner, a Wolf in Sheep’s Clothing?

Swiggy, a pan-India food delivery app, whose claim to fame was by creating opportunities for local restaurants and the underprivileged, have recently come under the spotlight for allegations of fraud and trickery. In an anonymous post, on Tumblr, current and former employees exposed the company’s skeletons, leaving people feeling furious and cheated. The criticism itself was contemptuous and clearly displayed the abhorrence of the writers. The post contained proof in the form of photographs that revealed the contrast between company-held figures and the presentations sent to investors. Such corruption could be expected from a big multinational company but not from an innocent, idealistic startup. Here are the crimes, Swiggy was accused for committing in the Tumblr post, "Swiggy, a House of...

WhatsApp Crossed Its 1 Billion Daily Users Milestone Globally

27Jul By PriyankaNo Comments

ANALYSIS

WhatsApp Crossed Its 1 Billion Daily Users Milestone Globally

Messaging app WhatsApp today said it has crossed the one-billion daily users milestone globally. "Just last year, we shared that one billion people around the world use WhatsApp every month. Today, we are excited and proud to share that one billion people around the world use WhatsApp every day to stay in touch with their family and friends," WhatsApp said in a statement. Its monthly user base -- people who use WhatsApp atleast once in a month -- stood at 1.3 billion. The Facebook-owned company said about 55 billion messages and 4.5 billion photos are shared every day globally on its platform. The app, which supports 60 languages, also sees 1 billion videos being shared on a daily basis. India is the largest market for WhatsApp with over 200 million monthly active users as of Febru...

GST Will Not Impact Smartphone Demand In India: Report

25Jul By Press Trust of IndiaNo Comments

ANALYSIS

GST Will Not Impact Smartphone Demand In India: Report

The new Goods and Services Tax (GST) will have no impact on the smartphone demand in India, according to a latest telecom research. A German research firm GfK found that smartphone demand in India remained resilient in 2017, having levelled out slightly to 14 per cent year-on-year. "GfK expects the recently announced Goods and Services Tax (GST) will have no impact on smartphone demand in the country. GfK forecasts overall smartphone demand in the region will total 234 million units in 2017, an increase of 11 per cent year-on-year," the research said. Global smartphone demand totaled 347 million units in 2017, up 4 per cent year-on-year. This makes it the strongest second quarter on record, the research found. Arndt Polifke, global director of telecom research at GfK, said: "T...

Social Media Is The Key For Staffing Companies To Drive Biz: Report

21Jul By AdityaNo Comments

ANALYSIS

Social Media Is The Key For Staffing Companies To Drive Biz: Report

Social media presence is increasingly becoming important for staffing companies to drive business as over 83 per cent corporates depend on this platform while deciding their staffing partner, says a report. According to a report by Indian Staffing Federation, an apex body of flexi staffing industry in India, social media has become an impertinent tool not only for managing networking but also to improve brand recall. Though corporates are depending on social media presence to make business partnership decisions, only 67 per cent flexi staffing companies consider social media as an important tool to engage with their customers for driving business. A little over 17 per cent do not even use social media as an important marketing tool, the report said. Staffing companies, who have...

Fintech Among Top 5 Sectors For Funding In 2016: Deloitte

20Jul By Press Trust of IndiaNo Comments

ANALYSIS

Fintech Among Top 5 Sectors For Funding In 2016: Deloitte

Indian FinTech is one of top five markets by value of capital funding and investments in the sector with nearly USD 270 million of funding in 2016, according to a recent report. The report also noted that in medium-term fintech players will consolidate th (more…)

Indian CEOs Optimistic About Economic Growth Outlook

17Jul By Press Trust of IndiaNo Comments

ANALYSIS

Indian CEOs Optimistic About Economic Growth Outlook

Indian CEOs are confident about the growth prospects of the country over the next three years, compared to that of global economy, according to a KPMG report. Besides, more than half of the respondents believe their organisation will be completely transformed in the next three years, the report said. Further, they believe technology will be one of the top factors impacting growth of their organisations in the next three years. Yet 53 per cent respondents are struggling to keep pace with the rate of technological innovation in their sectors. According to the KPMG CEO Outlook, based on the inputs of over 130 Indian CEOs in navigating an increasingly complex and highly dynamic business ecosystem, 88 per cent of CEOs believe in better growth prospects for India compared to that of glo...

Internet Based Applications To Contribute Rs 18 Trillions To GDP by 2020: Report

15Jul By RishabhNo Comments

ANALYSIS

Internet Based Applications To Contribute Rs 18 Trillions To GDP by 2020: Report

The recent study conducted by New Delhi-based International Council for Research in International Economic Relations (ICRIER) entitled ‘Estimating the Value of New Generation Internet based Application Services in India' has revealed that Internet-based applications holds a potential of contributing to around Rs 18 lakh crores to India’s Gross Domestic Product (GDP) by 2020. The study has been released by telecom minister Manoj Sinha in New Delhi, estimated the internet’s contribution to grow to nearly 16% of India’s GDP by 2020. “As per the study, a 17% increase in the total internet traffic in India in 2015-16 contributed to an increase of Rs7 lakh crore (7 trillion) in GDP of which at least Rs 1.4 lakh crores (Rs. 1.4 trillion ) was due to internet-based app services. This puts the...

India Becomes The Largest Audience Country For Facebook: Report

14Jul By AnkitaNo Comments

ANALYSIS

India Becomes The Largest Audience Country For Facebook: Report

Facebook users in India have crossed 240 million mark, becoming the largest audience country for the social media giant, according to a media report. As of July 13, Facebook is reporting a total "potential audience" of 241 million active users in India, compared to 240 million in the US. The change at the top of the platforms country rankings comes just a few days after Facebook announced it has more than two billion monthly users around the world. Facebook has achieved impressive growth in both the countries since the start of 2017, but these new figures suggest that active users in India are growing more than twice as fast as they are in the US, The Next Web reported. Active users in India are up 27 per cent in the past six months alone (+50 million), compared to growth of 12...

Pokemon Go May Promote Healthy Lifestyle: Study

8Jul By Press Trust of IndiaNo Comments

ANALYSIS

Pokemon Go May Promote Healthy Lifestyle: Study

Playing Pokemon Go may be good for your health, say scientists who have found that the popular physically-interactive game promotes exercise and reduces sedentary behavior. Researchers from Kent State University in the US assessed the ability of the smartphone based video game Pokemon Go to increase walking and decrease sedentary behavior, like sitting. They asked over 350 college students to report their physical activity and sedentary behavior the week before they downloaded Pokemon Go, the week immediately after downloading the game, and again several weeks later. The team found that relative to the week before downloading the game, students doubled their daily walking behaviour (102 per cent increase) and reduced sedentary behaviour by 25 per cent during the first week after d...

4Jul By AnkitaNo Comments

ANALYSIS

The Advantages of the GST

The launch of GST has left most businesses in a tight spot. Here are 10 advantages of GST that will uplift your impressions about the biggest tax reform of India since its Independence. Price Reductions It is advantageous for companies as people will purchase more regularly due to price reductions. One Time Transaction Transaction will only occur a single time at Revenue Neutral Rate (RNR).This has been settled by both the Central and State Goods and Services Tax departments, (CGST and SGST). Employment and Exports The Central and State governments will be benefitted by GST as it is set to increase industrial activities, exports and employment opportunities. Unified Tax GST makes the revenue process less complicated. It will b...

30Jun By AnkitaNo Comments

ANALYSIS

6 Differentiators to Help Your Startup Win the Race

Thousands of startups open and shut every year, forced by a fiercely competitive environment. Below are 6 differentiators that will help you stay above the crowd and prove yourself a winner:- Tell a Captivating Story People love stories and to draw them to yours, you must ensure that they understand where you are coming from. You have to illustrate your pitch in such a manner that people can instantly relate and put themselves in your shoes. It needs to have logic, emotion and recall value. Using the power of storytelling through various channels like emails and social media, you can enhance a brand’s image, significantly. Acknowledge What Makes You Different You are probably not the first one to create your product or service and even if you ar...