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Xiaomi to Open a Retail Store in London Amid Expansion Spree

10Nov By Gauri SinghNo Comments

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Xiaomi to Open a Retail Store in London Amid Expansion Spree

Xiaomi has become one of the most popular smartphone brands in the world and with its expansion spree, the company continues at speed up after it announced plans to open its first retail store in London. The Chinese smartphone maker is popularly known for developing quality Android phones at affordable prices and already it has launched devices in Spain, Italy and France. The foray has now touched the UK where Xiaomi launched its Mi 8 Pro device at an event yesterday and revealed that it will open a store at the Westfield mall in London. Now, this outlet would become Xiaomi’s first authorized Mi Store. Styled on Apple’s iconic stores, the Mi store will showcase a range of products, not all of which are available in the UK. Xiaomi has also shown a taste of what the company is plann...

Walmart Plans to Launch Intelligent Retail Lab in New York

10Nov By Gauri SinghNo Comments

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Walmart Plans to Launch Intelligent Retail Lab in New York

The retail giant Walmart has announced its plans to roll out an Intelligent Retail Lab inside one of its stores in Levittown, New York. The basic ideas behind this is to test both associate and customer experiences. With this, the company wants to use artificial intelligence to better identify when items are running low on stock so that it can proactively replenish the stock. This would be led by an internal team called Kepler. Also, the retailer is planning to use the technology to identify spills, better understand when shopping carts are running low near the entrance and identify when items are on the wrong shelf. It has also been stated that Project Kepler would entail cashierlesss stores. However, the company mentioned that Kepler is the name of the team building the AI lab i...

Robyn Denholm Appointed as Tesla Chairman After Elon Musk’s Resignation

9Nov By Gauri SinghNo Comments

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Robyn Denholm Appointed as Tesla Chairman After Elon Musk’s Resignation

Soon after Elon Musk announced his retirement from the post of Tesla’s chairman, the company has stated that board member Robyn Denholm will replace Elon Musk as the chairman. Musk, who has been on Tesla's board since 2014, tweeted in August he was considering taking the company private for $420 per share and had secured funding for a deal that was later scuttled but attracted scrutiny from several government agencies. As a result, Musk had to leave the position of the chairman. The appointment of Denholm caps months of turbulence for the company and its stock as investors called for stronger oversight of Musk, whose erratic public behavior raised concerns about his ability to steer the company through a rocky phase of growth. "Would like to thank Robyn for joining the team. Great r...

BMTC to Introduce Android Based Ticketing System Replacing Machines

6Nov By Gauri SinghNo Comments

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BMTC to Introduce Android Based Ticketing System Replacing Machines

Bangalore Metropolitan Transport Corporation (BMTC) is planning to come up with an Android-based ticketing system that will allow commuters to buy tickets through digital wallets. With this launch, its 10,000 electronic ticketing machines will be replaced and to begin with, the system is being tried out in 200 buses. “Our conductors have started using the new devices in 200 buses. We will scale it up after rectifying the glitches,” V Ponnuraj, BMTC’s managing director said. The basic objective behind this is to provide payment options for commuters, who can now buy a ticket only by paying cash. There are no plans to allow ticket purchases through debit cards because of several technical challenges and RBI guidelines. “The ticketing machine, Ingenico, can also validate bus passes, i...

Indian Online Matrimony Firm Appoints Former Aircel Exec Sankara Narayanan

5Nov By Gauri SinghNo Comments

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Indian Online Matrimony Firm Appoints Former Aircel Exec Sankara Narayanan

The popular India matchmaking and wedding services firm Matrimony.com has announced a new appointment where former Aircel top executive Sankara Narayanan will join the company as its Chief Operating Officer. He will be responsible to lead the matchmaking vertical of the company. Narayanan is a Stanford University graduate and has a commendable business experience from leading teams in diverse industries including telecom and finance sectors. He has also been heading National Operations at Aircel before his appointment as COO with Matrimony.com. Prior to this, he was Head of Finance & Commercial, of Ranbaxy Guangzhou China Ltd, and Head Finance & Commercial - West Africa for Ranbaxy Laboratories Limited. Murugavel Janakiraman, the CEO at Matrimony.com said, “We’re pleased t...

Retail Giant Amazon in Advanced talks to Open HQ2 in Virginia

5Nov By Gauri SinghNo Comments

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Retail Giant Amazon in Advanced talks to Open HQ2 in Virginia

The retail giant Amazon is in advanced talks with Crystal City, a neighborhood in North Virginia that lies just south of the Washington D.C. to open its second headquarter in Virginia. Those conversations are reportedly further along and more detailed than any of the other Amazon has had with fellow top contenders. Nearby metro stops and proximity to a major airport are all requirements that are fulfilled by Crystal City. A local top real estate developer has apparently unlisted some of its buildings in the past month, in anticipation of an announcement. Buildings for the initial move of hundreds of employees could be occupied by Amazon employees within nine months. No specifics on when exactly the announcement would arrive, though the paper notes that it’s being held until after ...

Jason Kothari Quits Infibeam Within Five Months of Appointment

3Nov By Gauri SinghNo Comments

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Jason Kothari Quits Infibeam Within Five Months of Appointment

Jason Kothari, who was appointed as the president of listed e-commerce company Infibeam Avenues approximately five months back, has reportedly resigned from his position due to personal reasons. The company stated that Kothari was responsible for heading its strategy, corporate development, international operations, and investor relations functions. He is stepping down as he was “required to spend more time abroad due to personal reasons.” Along with this, Infibeam also mentioned that Kothari would continue to be associated as a senior advisor. Prior to joining Infibeam, Kothari used to hold the position of chief investment and strategy officer at online marketplace Snapdeal. He played an integral role in not only turning around the troubled venture. Even before that, Kothari was ...

QSR Startup Charcoal Eats to Foray into the International Markets

2Nov By Gauri SinghNo Comments

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QSR Startup Charcoal Eats to Foray into the International Markets

Quick service restaurants startup Charcoal Eats which currently operates only in India is foraying into international markets starting with the Middle East and Europe. The company at present offers its services in about 30 locations across 11 cities in India. The company is expecting to enter the Middle East through Bahrain with about 8-10 outlets and then expand to other countries in the area. Along with the Middle East, the company would also reach the areas of the United Kingdom with 4-5 outlets by March next year. “Going forward, we will maintain a dual focus for India expansion - opening more outlets in metros (Mumbai, Delhi NCR, Pune, Bengaluru, Chennai and Kolkata); and expanding into tier II cities, which we see as the future growth engines for the food space. Charcoal Eats int...

Senior Executive Anand Chandrasekaran Quits Facebook

1Nov By Gauri SinghNo Comments

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Senior Executive Anand Chandrasekaran Quits Facebook

Facebook’s director of platforms and product partnerships Anand Chandrasekaran based in its Menlo Park headquarters has resigned from the company. He started his job at Facebook in 2016 and after two years of his work, he quit. His departure ends a two-year stint which began in September 2016, where he had joined to work on Facebook’s popular Messenger product. Along with this, Chandrasekaran is also an active angel investor in the Indian startup ecosystem. According to the sources, while the 40-year-old had initially joined Facebook to work on the tech giant’s Messenger platform, “he began overseeing the company’s India business, acting as a bridge between the two markets.” Facebook believes India to be its largest market, with over 250 million active users. It has also been said...

WhatsApp to Appoint India Head by the End of 2018

1Nov By Gauri SinghNo Comments

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WhatsApp to Appoint India Head by the End of 2018

Amid all the pressure to stop sinister and fake messages, WhatsApp said Wednesday it will appoint head of India operations by the end of this year. This decision was taken when WhatsApp Vice President Chris Daniels met IT Minister Ravi Shankar Prasad to discuss the issue of fake messages that have in the past triggered mob killings. "Our new Head of WhatsApp India, who will be named by the end of the year, will build a local team that can serve our customers in India as well as work with partners and government leaders to help keep people safe," WhatsApp spokesperson said. Whatsapp is highly committed to serve the Indian audience and work closely with civil society and government leaders to help address abuse on the platform. The government has stood firm in its stance on traceability...

Google Pledges $25 Million to AI for Social Causes

31Oct By Gauri SinghNo Comments

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Google Pledges $25 Million to AI for Social Causes

The technology major Google has announced that it would be granting about $25 million globally next year to humanitarian and environmental projects seeking to use artificial intelligence (AI) to speed up and grow their efforts. In this, the “AI Impact Challenge” is supposed to inspire organizations to ask Google for help in machine learning, a form of AI in which computers analyze large datasets to make predictions or detect patterns and anomalies. With this, Google could possibly recruit and soothe critics by demonstrating that its interests in machine learning extend beyond its core business and other lucrative areas. Google recently showcased existing projects similar to those it wants to inspire at a media event on Monday. Irina Kofman, Google AI Chief Operating Officer sta...

WeWork-owned Meetup Appoints David Siegel as the CEO

31Oct By Gauri SinghNo Comments

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WeWork-owned Meetup Appoints David Siegel as the CEO

New York-based firm Meetup that is owned by WeWork has announced the appointment of David Siegel as the CEO of the company. Earlier this year, The company’s founder and CEO Scott Heiferman moved into the chairman position, leaving the CEO role vacant, and thus, this appointment has taken place. David Siegel will now be taking the helm at the 15-year-old company Meetup. Prior to this, he has been the CEO of Investopedia for three years, tripling the company’s revenue and doubling its traffic in that period. Even before that, Siegel was president of Seeking Alpha, overseeing U.S.-based functions including sales, marketing, product and bizdev. At the end of 2017, co-working major WeWork acquired Meetup for around $200 million. “In a world where technology often drives greater distances...