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Netflix India Content Executive Swati Shetty Quits

14Dec By Gauri SinghNo Comments

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Netflix India Content Executive Swati Shetty Quits

Netflix's director for international originals and acquisitions Swati Shetty has reportedly resigned from her position. She had been one of Netflix's earliest hires in India and had joined the company in August 2016. She was based in Los Angeles and during her tenure, Netflix expanded its slate of original films including titles like Love Per Square Foot, LustStories and more recently Rajma Chawal. It was last month that the video streaming platform announced a slate of eight new original films, including a film on the Indian startup ecosystem called Upstarts and three films produced by Bollywood actors. These were as follows: Firebrand (a Marathi film produced by Bollywood actor Priyanka Chopra)Bulbul (a Hindi period film produced by actor Anushka Sharma and KarneshSharma’s Clean...

14Dec By Gauri SinghNo Comments

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After Flipkart, Binny Bansal to Launch a new Startup

Flipkart co-founder Binny Bansal who stepped down from his position recently is all set to launch a new company along with former McKinsey consultant Saikiran Krishnamurthy that will offer technology tools, learning and consulting services to growth- stage startups which are looking to scale up. The company will be called xto10x Technologies and has been funded by Bansal and Krishnamurthy, who headed Flipkart’s logistics arm Ekart and later spearheaded taxi-hailing firm Ola’s marketplace business. Also, the company is looking to hire a team by January next year, as it tests out its product with a clutch of startups. “The idea is to disrupt traditional consulting firms with tech-backed solutions and tools which do not require hundreds of partners,” a person fa...

Alibaba Appoints new CEO for its Southeast Asia e-commerce Firm

13Dec By Gauri SinghNo Comments

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Alibaba Appoints new CEO for its Southeast Asia e-commerce Firm

Alibaba has appointed a new CEO at its e-commerce firm in Southeast Asia known as Lazada. Previous CEO Lucy Peng stepped down to be replaced by Lazada executive president Pierre Poignant after just nine months in the role. The company owns 90 percent of Lazada and has been involved in the business since April 2016 when it bought 51 percent of Lazada for $1 billion from Rocket Internet. Also, after the acquisition Alibaba invested a further $1 billion last year to increase its equity to around 83 percent and earlier this year it raised its stake even higher with an additional $2 billion injection. Lazada operates in six countries across Southeast Asia, but there are very few indicators of how the business is performing. Alibaba’s own financial rep...

Infosys US Retail Sales Executive Naresh Ramamurti Steps Down

13Dec By Gauri SinghNo Comments

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Infosys US Retail Sales Executive Naresh Ramamurti Steps Down

Naresh Ramamurti, one of the three sales leads for retail in the US at Infosys has stepped down from his position. Ramamurti, vice president and Regional Head - Americas - Consumer, Retail and Logistics, has been reporting to Karmesh Vaswani, who heads the retail business segment globally. Between 2011 and mid-2017, he was reporting to Sandeep Dadlani, who quit last year. Ramamurti, an Infosys veteran of nearly 15 years in two stints. In a LinkedIn post confirming his decision, Ramamurti said he was looking to solving problems for himself. Ramamurti’s exit comes at a time when Parekh has been working on stabilising the company and strengthening its sales teams to compete for large deals. On this development, Infosys said it "does not comment on executive appointments or exits o...

DigitalOcean Rolls Out Kubernetes Container Service

12Dec By Gauri SinghNo Comments

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DigitalOcean Rolls Out Kubernetes Container Service

Cloud computing platform DigitalOcean has reportedly launched its Kubernetes-as-a-service offering to all developers across the world starting today. However, the service is still limited with general availability expected in early 2019 with additional new features. DigitalOcean had first announced its container offering through an early access program in May this year and DigitalOcean claimed that 30,000 developers and teams signed up for access until now. “Kubernetes promises to be one of the leading technologies in a developer’s arsenal to gain the scalability, portability and availability needed to build modern apps. Unfortunately, for many it’s extremely complex to manage and deploy,” said DigitalOcean VP of Product Shiven Ramji. The com...

Software Giant Wipro Opens Automotive Innovation Hub in Detroit

12Dec By Gauri SinghNo Comments

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Software Giant Wipro Opens Automotive Innovation Hub in Detroit

The software services firm Wipro has opened an automotive innovation centre in Detroit, Michigan to tap the automotive community and allied industry. The company is based in Bengaluru and stated that the state-of-the-art technology hub would deepenWipro’s relationship with Detroit’s automotive community, develop and showcase next-generation technologies and solutions for automotive original equipment manufacturers (OEMs), tier I suppliers, insurers, technology companies and others. During the starting days of 2017, Wipro opened an automotive engineering centre in Detroit, which leverages local talent for design, development and validation of automotive cockpit electronic products such as navigation systems, connectivity systems and end-to-end connected vehicle solutio...

Zomato Forays into Events Space & Set to Launch Zomaland

10Dec By Gauri SinghNo Comments

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Zomato Forays into Events Space & Set to Launch Zomaland

Online restaurantdiscovery and food ordering platform Zomato has now entered the growing events space and has launched ZomatoEvents. Amongst the other major Indian consumer internet startups that have entered the events space recently,are hospitality chains like OYO and Treebo. “At Zomato, given ourfocus on food, we tend to think of ourselves as a food company, and not just afood-tech company. We fundamentally believe that that the restaurant channel,or the out-of-home food cooking theme will be dominant as well, and we are tryingto grow that as much as we can,” Gaurav Gupta, chief operating officer at Zomato said. As a part of this development, the company a multi-city food carnival called Zomaland that will have street performances, pop-up restaurants and food exhibitions, among...

HCL Tech Opens Delivery Centre at Adelaide

5Dec By AnkitaNo Comments

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HCL Tech Opens Delivery Centre at Adelaide

India's one of the largest IT services company HCL Technologies on Tuesday announced the opening of a new delivery centre in Adelaide, with signing a six-year contract with Australian agri-business firm Elders. "HCL will work with Elders to achieve their vision of an agile IT environment that supports future business growth and delivers quality service to clients across Australia and internationally," an HCL statement said. Initially, HCL will help create 50 jobs in the region, the statement said, adding that the Indian major currently employs over 1,600 professionals in the Australia region. ALSO READ: HCL Tech Acquire US Based Urban Fulfillment Services "Our growing relationship with Elders over the past two years has brought us to Adelaide with the opening of our new...

WhatsApp CEO Seeks RBI Nod to Expand Payment Services to all Users

3Dec By Gauri SinghNo Comments

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WhatsApp CEO Seeks RBI Nod to Expand Payment Services to all Users

The popular messaging app Whatsapp which has drawn fire from the government over spread of fake messages on its platform, has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The company is waiting for a regulatory clearance to launch full-fledged payments operations in India - months after its 'testing' amassed nearly one million users. It has been almost two years since it first began discussions with the government on its payments services plans. "I write to request your formal approval to immediately expand WhatsApp's BHIM UPI (Unified Payments Interface) compliant payments product to all users in India, giving us the opportunity to offer a useful and secure service that can improve the lives of Indi...

Karan Johar Launches Digital Content Platform Dharmatic

1Dec By Gauri SinghNo Comments

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Karan Johar Launches Digital Content Platform Dharmatic

We have been seeing a lot of on-demand digital platforms emerging since a long time, and after waiting in the shadows to see how the digital platforms are performing, the popular and known face of Bollywood, Karan Johar is geared up to take the digital plunge. Karan owns a production house called Dharma Productions, which in the past two years has produced blockbuster films. Also, he has already shot one of the segments in Lust Stories, on Netflix. After its success on Netflix, Johar took a serious look at the digital medium. With this, he is reportedly launching a new platform which will be called Dharmatic. “I waited for two years before taking this leap,” said Karan Johar. “I strongly believe that there are many stories which cannot be told in a 2.5-3 hours feature film and need ...

AllOut Co-founder Anil Arya to Acquire a Dairy Tech Firm

30Nov By Gauri SinghNo Comments

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AllOut Co-founder Anil Arya to Acquire a Dairy Tech Firm

The co-founder of mosquito repellent brand AllOut Anil Arya who sold his company in 2005, is reportedly making a comeback with an acquisition. The entrepreneur is taking over a dairy tech startup known as Mr. Milkman. Along with some other investors, Arya is setting up a company in Singapore to acquire the whole of the Gurgaon-based startup. “We will be investing in Mr. Milkman through our family office in Singapore,” Arya said. Beyond this, he did not disclose any more details. Samartha Setia, founder of Mr. Milkman, too confirmed that Arya will be investing in the company. “I cannot disclose the details of the investment at the moment,” said Setia. Milkman is a startup that was founded a year ago which serves as an enabler for dairy players, managing their entire business includin...

Oppo’s India MD Yi Wang Steps Down Amidst Huge Loses

30Nov By Gauri SinghNo Comments

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Oppo’s India MD Yi Wang Steps Down Amidst Huge Loses

Oppo’s managing director of India, Yi Wang has reportedly stepped down from his position and the basic reason behind this is the increasing losses faced by the Chinese smartphone company and on the other hand, growing competition in the local market. It has also been reported that there was a pressure from the Oppo management on the India team as it was not able to get desired results at a time when Xiaomi captured the pole position for almost a year in the country. "During a meeting between the board of directors of OPPO Mobiles India Private Limited on the 28th November, 2018, it has been mutually decided that Mr. Yi Wang, managing director of the company, will step down from his position effective 30th November, 2018. Wang played a crucial role in Oppo’s journey in the country, sinc...