Tuesday, April 30

News

$3 Billion Out of $6.25 Billion – The Online Investment From Chinese Investors in India
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$3 Billion Out of $6.25 Billion – The Online Investment From Chinese Investors in India

India has become an "action zone" for Chinese investors like e-commerce giant Alibaba as its market attracted second highest Chinese funding in IT products next to the US, state media reported today. Citing the fast growth of Indias e-commerce website Paytm which provides services to 130 million people in India, a write-up in state-run China Daily said, "India is not just another developing country - it is the worlds fastest-growing economy". "A huge internet population, rapid growth of mobile internet users, political stability, established institutions like judiciary, a thriving start-up ecosystem, renowned IT expertise and the promising market potential... all these factors have made India an attractive, almost irresistible proposition for Chinese investors," the report said. A...
Now You Can Order Food Through Facebook
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Now You Can Order Food Through Facebook

Facebook Inc said users in the United States would be able to order food through the Facebook pages of restaurants starting on Wednesday as part of its efforts to connect users and businesses. Users will also be able to get quotes from businesses, buy movie tickets and book appointments at spas and salons, Facebook said in a blog post. Earlier this month, Facebook launched "Marketplace", a platform that allows people to buy and sell items locally. Facebook, which has about 1.7 billion monthly active users, also said on Wednesday it would add a "recommendations" feature that will allow users to share recommendations on such things as places to eat. Facebook shares were up 0.8 percent at $129.58 in early trading.   What More Now You can Order From Local Business on Facebo...
Starbucks Names China CEO, Sees 5,000 Stores There by 2021
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Starbucks Names China CEO, Sees 5,000 Stores There by 2021

Starbucks Corp on Wednesday named its first chief executive officer for China and said it plans to more than double its store count in that country to 5,000 by 2021. The world's biggest coffee chain promoted Belinda Wong to the title of CEO of Starbucks China. Wong, who had been president of that operation, will continue to report to John Culver, group president of Starbucks Global Retail. Among other things, Wong will oversee the opening of Starbucks' first international Roastery and Reserve Tasting Room in Shanghai in 2017. Starbucks opened the first of its sprawling roasteries in Seattle in 2014 to showcase super-premium coffee beans and brewing methods. It was a move by the company to assert itself as a player in an upscale niche being defined by newer cafe chains such as Blue...
Now Book Ola, Uber Through Google Search in India
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Now Book Ola, Uber Through Google Search in India

Consumers will now be able to book a ride on Ola and Uber directly from Google Search. Earlier this year, Google had introduced the feature on Google Maps, where a dedicated tab with information for cab services was made available to Indian users, in addition to the existing driving, public transport, or walking options. "Now with this integration, commuters across the country can ask Google for directions and book ride services directly from Google Search," Google said in a statement. They will get to see a tab for ride services, both Uber and Ola, with fare estimates and pick-up times if a car is available near their location, it added. When a user requests for specific information like Taxi to Delhi or Ola/Uber to airport, the Google Search app or browser will direct the use...
China Made ATM Machines and Software Affected 6 Lakh SBI Debit Cards
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China Made ATM Machines and Software Affected 6 Lakh SBI Debit Cards

India's largest public sector bank State Bank of India (SBI) and its subsidiary blocked 6.25 lakh customers debit cards after finding security breach in transactions at third-party ATM machines. The government led bank sent emails and SMS to customers, to alert them about blockage, and also asked them to re-apply for new cards at their respective branches. “About 0.25% of our cards have been blocked. We came to know that some of our customers have used SBI debit cards at Yes Bank ATM machines, the software of these ATM's were designed in Chinese company Hitachi payment services,” said SBI's security officer at the condition of no identity disclose. “In the past 3-4 days, we saw some unidentified and suspicious transactions at some ATMs and hence the cards were blocked immediately....
Now Paytm QR Code Based Payments For Cashless Transaction
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Now Paytm QR Code Based Payments For Cashless Transaction

Paytm has introduced another innovative feature which would enable more people to shop around cashless. Now pay online to big mega stores, in malls or the cab driver or may be the vegetable vendor in your neighborhood by Paytm QR code. The QR code or the Quick Response code is a machine readable bar code that stores private information about a customer. The users will just need to scan the QR codes of merchants, enter the amount & approve the payment. The merchants' QR codes will contain only the merchants' name and account information. Paytm is moving quickly and its efforts to bring value to the Indian economy and its customers in an attempt to achieve the goal of cashless transactions in India. Paytm's endeavor has been to facilitate both online & offline payments. The ...
Future Group Launches India’s 1st BOPO, Book Online Pay Offline
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Future Group Launches India’s 1st BOPO, Book Online Pay Offline

Future Group, one of India's leading retail conglomerates, has launched India's first BOPO, Book online pay offline. It's a limited 2-day scheme and Ezone, the group's electronics chain, will start BOPO from 18th October. The intent is to make BOPO a trademark property which will be a paradigm shift in the way people make their purchases. BOPO, designed to ensure a comfortable shopping process for customers, allows shoppers to reserve electronics online for a token money of Rs. 1,000. If the shopper changes his mind or doesn't like the product that he chose online, he can get back hisRs 1,000 in the form of a gift voucher, which he can use to buy another product at the store. Ezone is taking this step to address the big gap in a need wherein a customer has the ease and convenience of bl...
Get My Parking Launches On-street Smart Parking Without Need of Sensors
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Get My Parking Launches On-street Smart Parking Without Need of Sensors

Get My Parking (GMP), a Chennai Angels funded venture started by IIT Madras and FMS Delhi alumni which has digitized the parking industry launches On-street Smart Parking. Despite the industry inertia they have revolutionized the parking industry. With 50,000 parking spots in Delhi and appreciation by honorable PM Narendra Modi for their work in Kumbh Mela, they are now market leaders in mobile-based smart parking technology. They have a strong foundation of team and technology and have partnerships with leading system integrators and parking hardware manufacturers. They are now working with several city municipal corporations to accelerate smart parking digitization and accomplish the mission to change urban mobility in India.   Parking is a Complex Problem Delhi RTO registers 1600 ...
MobiKwik launches Unified Payments Interface (UPI) on Its Platform
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MobiKwik launches Unified Payments Interface (UPI) on Its Platform

MobiKwik, an Indian mobile payments network and mobile wallet announced that it has launched UPI on its platform. MobiKwik users can now load their wallet with e-cash using UPI. The company already has options of netbanking, credit & debit card and the exclusive cash pick up & cash deposit service for wallet loading. Speaking on the announcement, Mrinal Sinha, Chief Operating Officer at MobiKwik said, “MobiKwik users now have an additional option for real time wallet loading with UPI. Users can use their MobiKwik e-cash at over 100000 online and offline merchants across India.” Unified Payments Interface (UPI) is an additional layer of payment architecture built upon the IMPS (Immediate Payment Service) mobile payments system which allows customers to transfer money across differ...
Amazon challenges Apple and Spotify with New Music Streaming Service
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Amazon challenges Apple and Spotify with New Music Streaming Service

Amazon.com Inc on Wednesday launched a full-fledged music streaming service with subscriptions as low as $3.99 per month for owners of its Amazon Echo speaker, accelerating the industry trend toward more flexible pricing after years of sticking to $9.99 subscriptions. The new streaming service, called "Amazon Music Unlimited," lets users access a vast catalog of songs on demand, similar to Spotify and Apple Music. Subscriptions to play music on the Echo cost $3.99 per month; for access beyond that device, subscriptions cost $7.99 a month for members of Amazon's Prime shipping and video service and $9.99 for non-members. Amazon will continue to offer Prime members a limited streaming service for free. As it plunges deeper into the crowded streaming field, Amazon is counting on the Ech...
First Totally Private Mobile App Scrambl3 For Calling and Texting Launches Today
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First Totally Private Mobile App Scrambl3 For Calling and Texting Launches Today

USMobile, Inc., a private communication company, launched the free version of Scrambl3, a free mobile App for iOS and Android enabling you to make the world's most private calls and messages.   Ultimate Personal Privacy: 5 second anonymous signup and Black Book contact listing New Scrambl3 users are only asked to provide a username and password. Other free voice and messaging apps require that you verify your cellphone number, request access to your private cellphone contacts, and may also ask for your email address, all of which is a hassle and a violation of your personal privacy. Users can privately exchange their usernames and add them to their respective Black Book contact listing. No unwanted calls or messages are possible on your private network. This is one of major po...
Facebook Officialy Introduces New Tool For Enterprises – Workplace
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Facebook Officialy Introduces New Tool For Enterprises – Workplace

The social media giant added one more tool in its kitty, which helps enterprises at work called workplace. Facebook introduced Workplace (formerly known as Facebook at Work) as a pilot project about a year and a half ago adding some big companies and startups. Starbucks, Godrej, Yes Bank, auto rickshaw aggregator Jugnoo and logistics company Delhivery are the clients for this project. Now, more than 1,000 organizations around the world use Workplace. People have created nearly 100,000 groups and the top five countries using Workplace are India, the US, Norway, UK and France.   Facebook opened up Workplace for any organisation that wants to use the service, at very competitive pricing- companies will pay $3 per user for the first 1,000 monthly active users, $2 per user for 1,00...