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Ecommerce Firms Paytm & Amazon Temporarily Halting COD Orders, Issue Advisories

10Nov By PriyankaNo Comments

News

Ecommerce Firms Paytm & Amazon Temporarily Halting COD Orders, Issue Advisories

Ecommerce companies are struggling to handle cash on delivery (COD) orders, following the government's decision to demonetise Rs 500 and Rs 1,000 currency notes, with firms like Amazon and Paytm temporarily halting the facility for customers. Some companies like Uber and BigBasket have issued advisories urging customers to pay in lower denominations, while others like Flipkart and Snapdeal have set limits to the value of orders that can be delivered through COD. According to industry estimates, about 70 per cent of the shoppers opt for cash while buying a product. "We have temporarily stopped cash as a payment option for new orders. Customers who had already placed COD orders before midnight 8/11 can pay for their orders using debit or credit cards or currency of valid denominations ...

Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

5Nov By AdityaNo Comments

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Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on "growing and attractive segments" of the passenger vehicles market. The company, however, refuted Mistry's allegations that another reason for it not shutting down the Nano, besides emotional reasons, was the supply of gliders to an electric car maker in which Ratan Tata has a stake. "... due to combination of several factors including project delays, due to change in location of the factory and the perception of being a low-priced car, the volumes initially anticipated did not materialise and utilisation of capacities are significantly lower," Tata Motors ...

Microsoft Launches Messaging System “Microsoft Teams” For Businesses

4Nov By reutersNo Comments

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Microsoft Launches Messaging System “Microsoft Teams” For Businesses

Microsoft has launched a messaging system for businesses, Microsoft Teams, on Wednesday, putting it in direct competition with fast-growing startup Slack and Facebook's Workplace product. The new software will be part of Microsoft's Office 365 services, a cloud-based software suite that has more than 85 million monthly active commercial users. Slack, whose customers include CBS Corp, BuzzFeed, universities and the U.S. government, had over 4 million daily active users in October. San Francisco-based Slack took out a full page ad in the New York Times on Wednesday, addressing the entry of Microsoft Teams. "We're genuinely excited to have some competition," Slack said in the ad. Microsoft said a preview of Teams will be available to Office 365 commercial customers with enterpris...

Paytm Appoints Ex-Times Internet Executive Deepak Abbot as Senior VP

3Nov By PriyankaNo Comments

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Paytm Appoints Ex-Times Internet Executive Deepak Abbot as Senior VP

India's largest mobile payment and commerce platform Paytm has announced the appointment of Deepak Abbot as its Senior Vice President - Growth Marketing. Previously, Deepak was working with Times Internet as the head of mobile growth. With over 17 years of work experience in growth hacking, mobile marketing and data analytics, Deepak has also worked as the Chief Product Officer at Reliance Entertainment Digital, General Product Manager at Zapak, UX Consultant at Satyam Computers and Product executive at CyberMedia. "I am very happy to see Deepak back in Paytm. We are in the next phase of our growth, and his skills and expertise will be instrumental to our efforts of reaching half a billion users by 2020," said Founder and CEO of Paytm, Vijay Shekhar Sharma. "It feels great to be a...

Now You Can Book Tatkal Ticket Using Mobikwik Wallet

3Nov By AnkitaNo Comments

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Now You Can Book Tatkal Ticket Using Mobikwik Wallet

Mobile payments network MobiKwik has partnered Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. "MobiKwik collaborated with Indian Railways to digitise payments on the IRCTC app and IRCTC FoodOnTrack app this year, and now we are powering payments for tatkal online that will help users book tickets almost instantly," MobiKwik Co-founder Upasana Taku said in a statement today. MobiKwik said instantaneous e-cash payments will help tatkal online in managing the load of over a thousand ticket bookings per minute. The service will also help users in ensuring that their bookings do not get rejected due to payment delays. On an average, over 15 percent daily ticket bookings for Indian Railways happen under tatkal, it said. The paym...

3Nov By NitishNo Comments

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Instagram to Test New Shopping Feature To Buy Products From Retailers

Facebook Inc's Instagram said that it will start tests next week on a new shopping feature through which users can buy products from US-based retailers via the photo-sharing app. Retailers will be able to showcase up to five products in a Instagram post, and clicking on the various tags will give users a lot more detail about the product than was previously available, Instagram said in a blog post on Tuesday. Instagram has also added a "shop now" link on each product, which, when clicked, will redirect users to the retailer's website where they can buy the product. The new features are aimed at keeping Instagram users, who now number more than 500 million, on the app for longer during their shopping experience than before, when they would have to exit the app to research and bu...

This is Why Cyrus Mistry Ousted By Ratan Tata? Surprised By The Reason Says Mistry

30Oct By AdityaNo Comments

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This is Why Cyrus Mistry Ousted By Ratan Tata? Surprised By The Reason Says Mistry

The war of words between Tata Sons and its ousted Chairman Cyrus Mistry ratcheted up a notch late on Friday, with Mistry stating he was surprised with reasons given by the Indian conglomerate for his dismissal. Mistry was sacked as chairman by the board of Tata Sons on Monday and a scathing 5-page letter he wrote to the board was leaked on Wednesday, turning a boardroom feud into a public row. Mistry's letter included allegations of corporate governance failures within Tata Sons, and a series of other barbs aimed at family patriarch Ratan Tata, who has returned as interim chair of the $104 billion salt-to-software conglomerate. In a statement on Thursday, Tata accused Mistry - whose Pallonji family owns a minority stake in Tata Sons - of making "unsubstantiated claims and malicious a...

IRCTC Launched New App “IRCTC Connect” For Hassle Free Journey

30Oct By Press Trust of IndiaNo Comments

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IRCTC Launched New App “IRCTC Connect” For Hassle Free Journey

To make train journeys pleasant and hassle-free, railways will launch an integrated mobile app for availing all travel-related services such as hiring taxis, porters and booking retiring rooms and lounges at stations among others. The app "IRCTC Connect" which aims to provide a one stop solution for various services can be used for booking tickets, ordering food from a favourite restaurant or finding hotel rooms of passengers' choice outside the stations. The application is likely to be launched early next year as the required ground work for it is underway, a senior Railway Ministry official said. Currently, a few apps are operational for booking tickets and food but there is no such app for availing multiple services. As per plan, the app will offer 17 services like porter, whee...

Collegedunia.com – Becomes the Largest Review Platform for Colleges in India

29Oct By NitishNo Comments

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Collegedunia.com – Becomes the Largest Review Platform for Colleges in India

Collegedunia.com, India’s leading education portal, has pioneered to become the only platform in the education sector to cater more than 80000 visitor authentic reviews for various colleges in India. Having surpassed most of the players in the very competitive education market, Collegedunia already stands firm on Google with a consistent presence in the top results. Collegedunia is set to break another record within a very short span of its commencement by becoming the epitome of catering the maximum reviews. Sahil Chalana, Founder of Collegedunia.com said, “Information is a primary mandate for any decision making, Collegedunia envisions to become the in-depth information source for every student in India. The reviews we have managed to cater are significantly building and representi...

Automobile Major Mahindra Wants Electric Cars Out From GST Tax

28Oct By NitishNo Comments

Automobile, News

Automobile Major Mahindra Wants Electric Cars Out From GST Tax

Automobile major Mahindra hopes that the proposed GST regime will not treat electric cars as luxury items and therefore, it should be taxed accordingly. "We hope that the upcoming GST regime will not treat electric cars as luxury items and will not be taxed at high rates," Mahesh Babu, CEO-designate of Mahindra Electric, told reporters here today. Launching the 'e2o Plus' hatchback electric car here today, he said that the initial cost of acquisition of such cars are very high, compared to conventional ones in the same category. "The cost price of an electric car is pretty steep even after passing on the special incentive given by the government to the buyer. But the cost of ownership is very low," Babu said. The sole automobile company manufacturing electric cars in India, has pr...

Vine a Mobile App For Video Sharing Will Be Discontinue

28Oct By reutersNo Comments

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Vine a Mobile App For Video Sharing Will Be Discontinue

Twitter Inc announced Thursday that it would discontinue the video-sharing mobile app Vine, as it moves to cut 9 percent of its workforce worldwide to keep costs down after beating Wall Street quarterly earnings expectations. In the post twitter said, "Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold. Today, we are sharing the news that in the coming months we’ll be discontinuing the mobile app." The decision comes on the heels of a failed attempt to sell Twitter as it fights against stagnant user growth and mounting competition from other social media platforms. In a post published jointly by Twitter and Vine to the blog platform Medium, the social media services said that the Vine website would stay live even after the mobile app is...

India is a Very Important Market For Watson: IBM

26Oct By NitishNo Comments

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India is a Very Important Market For Watson: IBM

Technology giant IBM is placing big bets on the Indian market for its cognitive artificial intelligence platform Watson, driven by factors like a rich talent pool and fast pace of growth in uptake of technology products and solutions. Watson, which shot to fame is now being used across sectors, including assisting in treatment of cancer. IBM Watson GM David Kenny said India is an important market for the company for Watson deployment. "The biggest developer conference that happened (for the company) this year was in Mumbai. We see a lot of innovation coming out of India...The whole region is growing because the technology is growing at a faster rate, there isn't much legacy that needs to be adopted, so people are immediately deciding cognitive systems," he added. He further said: ...