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Chai Point Launches Cloud Based Beverage Services boxC.in

26Aug By PriyankaNo Comments

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Chai Point Launches Cloud Based Beverage Services boxC.in

Chai Point, India's largest Chai retail chain, has announced the launch of boxC.in - a cloud-based beverage services platform which includes fully-automatic and IOT-enabled dispensers. Announcing the launch of boxC.in, Amuleek Singh, Co-founder, and CEO, Chai Point said, "Chai and filter coffee is fuel for all offices - these beverages are now considered as a core utility by corporates. The savvier ones see good quality beverages as a must-have employee engagement service. That said, authentic chai and filter coffee solutions are rarely available - you get compromises. What corporates also miss is an effective platform that assures a high uptime level of beverage services and transparency on the billing basis - boxC.in is aimed to solve just that." The core purpose of the platform is to ...

WhatsApp Will Share Your Phone Number with Facebook

25Aug By PriyankaNo Comments

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WhatsApp Will Share Your Phone Number with Facebook

Messaging service WhatsApp has updated its global privacy policy, under which it will now share phone numbers of users with its parent company, Facebook. While the move will help Facebook offer more targeted advertisements on its own platform, WhatsApp will continue to be ad-free, a WhatsApp spokesperson said. He added that this is the first time when WhatsApp has updated user privacy policy after being acquired by Facebook in 2014 in a USD 19-billion deal. Privacy advocates had raised concerns that Facebook would start mining WhatsApp accounts for data. However, both the companies have maintained that WhatsApp would operate separately from the parent company and that its user data would not be shared without users consent.WhatsApp has over one billion users globally, with a significant...

Flipkart Will Provide Rs 75 Cr Loans to Sellers

25Aug By AnkitaNo Comments

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Flipkart Will Provide Rs 75 Cr Loans to Sellers

E-commerce major Flipkart, after facilitating loans worth Rs 125 crore for sellers on its platform in last one year, is looking to help merchants avail credit facility of over Rs 75 crore in the next few months. The Bengaluru-based firm, which has partnered eight financial institutions including Axis Bank, Bajaj Finserv, NeoGrowth, Lendingkart and Capital First to offer collateral-free loans to sellers on its platform, has already disbursed Rs 125 crore worth of loans in the last one year. Under the Flipkart Growth Capital programme, launched in July last year, Flipkart sellers can avail loans with interest rates starting at 11.40 per cent, Flipkart said in a statement. The programme had received over 3,000 applications in the initial months of the launch and over 800 loans have b...

Micromax and Panasonic Have Partnered With Reliance Jio For 90 Days Free Voice, Data Service

25Aug By AdityaNo Comments

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Micromax and Panasonic Have Partnered With Reliance Jio For 90 Days Free Voice, Data Service

Micromax and Panasonic have partnered with telecom services firm Reliance Jio to provide free voice and data services for 90 days to smartphone buyers. Reliance Jio, which is expected to roll out commercial services in the coming months, has similar offers running in partnerships with Samsung and LG. "Under the terms of the Jio Preview Offer, consumers who purchase Micromax 4G smart devices will get Reliance Jio 4G SIM to get complementary access to unlimited HD Voice, Video calling, unlimited SMS, unlimited High-Speed Data services, and access to Jio Apps," Micromax Chief Marketing Officer Shubhajit Sen said. Micromaxs subsidiary YU also said buyers of any YU smartphone will get free voice and data services in the trial period with immediate effect. Panasonic India has also annou...

24Aug By AnkitaNo Comments

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Godaddy Launched App For Real Time Domain Bidding

USA based GoDaddy Inc , which operates the worlds largest domain name aftermarket, today announced the launch of its first mobile app for domain investors in India. The GoDaddy Investor app, launching on iOS and Android, will allow investors to watch and bid on domains at auction and stay on top of their current bids all from their mobile device. After market domain auctions are time-sensitive and highly competitive, and its critical that investors are able to easily participate at any time and from anywhere, not just from their computers. GoDaddy Investor app offers several additional features not previously available. After downloading the app, domain investors are able to monitor a watch list of active expiry domain auctions in real time, as well as view their bidding history. Inves...

24Aug By Press Trust of IndiaNo Comments

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Now, Get Your Email Address in Hindi

Start-up Data Xgen Technologies has started a paid email address service in Hindi or Devanagari, and plans to roll out free registration of such IDs on the lines of Gmail, Outlook and Yahoo soon. “A few hundred IDs have been created till now on .bharat domain, which is available in Devanagari script. Anyone interested in Hindi script ID can visit our website and buy an email package,” Data Xgen Technologies founder Ajay Data said. Email sent from these addresses is supported by leading service providers such as Gmail and Microsoft. “Besides communicating in Hindi, people can send emails from addresses created in Hindi script to Gmail, Outlook and some of the other services,” Mr. Data said. In a meeting at the Ministry of Electronics and IT, Google and Microsoft had sai...

23Aug By PriyankaNo Comments

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PayUbiz Launches Device Fingerprinting

Industry leading payment service provider PayUbiz has announced the launch of its device fingerprinting technology. The technology is aimed at countering the long-existing malpractices in the realm of e-commerce loyalty program for customers. This technology captures distinctive details of a user's Internet connecting device like computer, mobile phone and tablet. Confirming its unbending stance on innovation in the digital payment space, PayUbiz, yet again pioneers a technology that serves the entire e-commerce frat. Elucidating on e-commerce landscape, threats and hacks practiced by fraudsters, Rahul Kothari, Business Head, PayUbiz said, "The e-commerce segment in India has grown by leaps and bounds and was pegged at 17.5 billion USD in 2015. It is further expected to grow to 11...

Will Achieve $1 Bn-GMV Figure This Fiscal, Says Myntra

23Aug By AnkitaNo Comments

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Will Achieve $1 Bn-GMV Figure This Fiscal, Says Myntra

Flipkart-owned online fashion retailer Myntra today said it is on track to touch the USD 1 billion Gross Merchandise Value (GMV) mark this fiscal. Myntra also said it has become the first ever Indian fashion e-commerce platform to clock the USD 1 billion run rate in annualised average GMV (post discounts) in July. "We have now surpassed our January benchmark (USD 800 million) to make July 2016 the biggest month ever for Myntra. The annualised GMV run rate of USD 1 billion puts us on the path to touching the USD 1 billion GMV mark in a fiscal," Myntra CEO Ananth Narayanan told reporters here. He said in the past month, the company had taken some market transforming steps, and "our focus is to continue to transform fashion and lifestyle in India through technology." The reason why ...

Razorpay, an Online Payments Platform Introduces Flash Checkout

22Aug By AdityaNo Comments

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Razorpay, an Online Payments Platform Introduces Flash Checkout

Razorpay, an online payments platform, today, announced the launch of "Flash Checkout", which will cut down transaction times by 60% when the card is saved with Razorpay, further simplifying online payments. In our constant endeavor to simplify transactions, this feature will help customers close a transaction quicker and bring these benefits to the entire gamut of Razorpay's merchants, said Shashank Kumar, Co-Founder, Razorpay. The product runs on a patent-pending technology through which a customer needs to authenticate themselves only once on a mobile device. Following which, all saved cards will be available across merchants of Razorpay helping users have simpler and faster transactions on mobile and desktop transactions. The device authentication feature is a first in the payments i...

Amul MD Appointed Director of India Postal Payment Banks

22Aug By Press Trust of IndiaNo Comments

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Amul MD Appointed Director of India Postal Payment Banks

Amul Managing Director R S Sodhi has been appointed as independent director on the board of India Post Payment Banks (IPPB) -- the payments bank arm of postal department. "GCMMF Managing Director R S Sodhi has been appointed independent director on the board of IPPB," an official source said. Gujarat Cooperative Milk Marketing Federation (GCMMF) sells the Amul brand of milk products. Sodhi is one of the five independent members to be appointed on the board IPPB, which is set to be operational in March 2017. The board will have four in-house representatives. IPPB came into existence after it received certificate of incorporation from the Registrar of Companies on August 17. Payments bank allows mobile firms, supermarket chains, and others to cater to banking requirements o...

21Aug By PriyankaNo Comments

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4,000 Lose Jobs as AskMe Shuts Down

Hit by a cash crunch, e-commerce company AskMe has decided to shut shop, leaving 4,000 staffers jobless, while its majority investor Astro said it will appoint a forensic auditor to review the books of the startups parent firm Getit. In an internal mail, Anand Sonbhadra, Group CFO at Getit Infoservices, directed senior staff to take certain steps to ensure prevention of "further liabilities" given the company's "current financial situation". "Prevent any further creation of liabilities by suspending operational activities...Temporarily close all hubs and all offices as possible," he said. Noting that the non-payment of salaries to delivery boys and lower staff may cause them to take "inappropriate actions" at hubs, Sonbhadra said any untoward incident needs to be prevented and assets ...

CIC Urged RBI To Make Payments Banks as a Members

21Aug By AdityaNo Comments

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CIC Urged RBI To Make Payments Banks as a Members

Ahead of the commercial launch of payments banks, credit information companies (CICs) have urged RBI to ensure these newbies in the banking space become their members and share data on the transactions. "Payments banks will not be into lending, but the transactions which they undertake will help understand borrowers. Therefore, we have requested the RBI to make them our members," Experian Credit Information Company Managing Director Mohan Jayaraman said. He said RBI has been receptive to the idea and has shown its willingness for the demand, but the changes cannot happen overnight as it will require amendments to the Credit Information Companies (Regulation) Act. Jayaraman further said even though payments banks will not be lending themselves, the data they share will help analyse bor...