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Raheel Khursheed Becomes Snap’s Country Head

8Oct By Gauri SinghNo Comments

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Raheel Khursheed Becomes Snap’s Country Head

The former head for Twitter news for India, Raheel Khursheed has now been appointed as the country head of disappearing message application Snap. Khursheed is Snap’s first India hire and is likely to lead India operations for the company. “I recently started an all encompassing role at @Snap - leading the market entry of the world’s largest camera app into the Indian landscape. My official designation is country expert, India,” tweeted Khursheed on the social site Twitter. @Snap is at an incredible crossroads in India. It has had a 75+ yoy growth and has a robust user base that indexes 55% female. This is a special thing and we intend to build on this. Stay tuned for more. pic.twitter.com/HxfaTQvt4h — Raheel Khursheed (@Raheelk) October 4, 2018 Last year, Evan Spiegel...

Walmart Acquired E-commerce Platform Flipkart Forays Into Mobile Insurance

7Oct By PriyankaNo Comments

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Walmart Acquired E-commerce Platform Flipkart Forays Into Mobile Insurance

Walmart acquired India's e-commerce platform Flipkart said it's foraying into the insurance segment after securing a corporate agent license. To begin with, Flipkart has partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone brands that are sold on its platform, Flipkart said in a statement. It added that under the programme, it will offer both cash payout option or free pick up, service and drop convenience to customers. The insurance offering will be available from 10 October, the start of Flipkart’s The Big Billion Days (TBBD). “In line with our customer-first policy and as the market leader in this segment, insurance felt like the logical next step in providing consum...

Rivigo Services Appoints Qasim Zaidi as the New CTO

6Oct By Gauri SinghNo Comments

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Rivigo Services Appoints Qasim Zaidi as the New CTO

Qasim Zaidi has been appointed at the Surface transport company Rivigo Services as its new technology head. Prior to this, he was the chief technology officer (CTO) at Indonesian e-commerce unicorn Tokopedia. Deepak Singh Ahlawat, co-founder of Purple Quarter confirmed this development. According to Ahlawat, the entire process, from identifying candidates to negotiating with them took about four months. Zaidi is believed to have joined Rivigo last month. “It’s (transport and logistics) a very exciting industry, and Rivigo has, obviously, stamped its presence in the space… Both, the top management and Zaidi, met a few times, and established a rapport, resulting in his decision to come aboard Rivigo,” Ahlawat stated. Zaidi has joined the company a few months after its previous CTO, Hema...

GO-JEK to Bring in 200 Engineers on Board in Bengaluru

5Oct By Gauri SinghNo Comments

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GO-JEK to Bring in 200 Engineers on Board in Bengaluru

Indonesia-based ride-hailing player called GO-JEK has been planning to appoint 200 engineers in Bengaluru. This is being done to expand the portfolio of products in food delivery, taxi-sharing, logistics and digital payments among others. This step is being taken by the company with an aim to expand its presence across SouthEast Asia. In May, GO-JEK had said it would invest $500 million to enter markets like Philippines, Singapore, Thailand and Vietnam. It was last month that the company forayed into Vietnam's capital of Hanoi under the brand Go-Viet. With this, GO-JEK stated that it would be bringing in key officials across various product segments such as Data Scientists, Full-stack engineers, Data Engineers, Product Managers, UI/UX designers and Backend Engineers. The basic purpos...

Blizzard co-founder Mike Morhaime is Stepping Down

4Oct By Gauri SinghNo Comments

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Blizzard co-founder Mike Morhaime is Stepping Down

The popular gaming company Bizzard that created game titles like World of Warcraft, Overwatch, and Hearthstone is getting new leadership and its co-founder Mike Morhaime is stepping down. After leading the company for 27 long years, Blizzard President Mike Morhaime is stepping down from the company he co-founded back in 1991 when it was called Silicon and Synapse. J. Allen Brack, previously Senior Vice President and Executive Producer on WoW, will replace Morhaime and now lead the company. Brack has been working with Blizzard since 2006. In a letter about the transition, Brack also mentioned that Blizzard co-founder (and the original lead designer of WoW) Allen Adham will be joining the company’s executive team to “oversee development of several new games.” Adham left Blizzard in 2004...

Tata Communications Acquires Netherlands based Teleena

4Oct By Gauri SinghNo Comments

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Tata Communications Acquires Netherlands based Teleena

Tata Communications announced that the company is acquiring Teleena which is a Netherlands based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). This deal is followed by Tata Communications’ investment in Teleena in January 2017 when the company became the single largest shareholder in Teleena with a 35% stake. “The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass $1.7trillion,” said Anthony Bartolo, Chief Product Officer, Tata Communications. “Our vision is to create an environment where anything can be ‘born connected’. Providing everyone and everything in the world with seamless connectivity globally will support businesses’ digital transformation.” Tele...

Dubai’s Flydubai Cargo to Start Live Animal Transportation

3Oct By Gauri SinghNo Comments

MIDDLE EAST, News

Dubai’s Flydubai Cargo to Start Live Animal Transportation

Dubai’s Flydubai Cargo has announced that they will now begin with offering live animal transportation across its network. Along with providing return flights for pet and other live animals, the airlines would also be able to offer additional features for customers such as door to door, or airport to airport transportation. Flydubai Cargo is a low-cost carrier which is taking a great step towards economic growth. These transportation services can be utilized for agricultural and zoological purposes. All these transportations will follow the IATA Live Animals Regulations. “Since we began our operations in 2012, we have been focused on offering customers consistent and efficient cargo solutions and we are delighted that we will now be able to offer live animal transportation,” said Moham...

Tata Starbucks Appoints Navin Gurnaney as the New CEO

3Oct By Gauri SinghNo Comments

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Tata Starbucks Appoints Navin Gurnaney as the New CEO

Tata Starbucks, a joint venture between Tata Group and Starbucks has appointed Navin Gurnaney as its chief executive officer effective January 1, 2019. The new CEO will be replacing Sumitro Ghosh who will return to the US parent company after a three-year stint. The company stated that Gurnaney will be responsible for driving Tata Starbucks overall strategic direction and vision in India. Also, it will help in strengthening Starbucks business growth. “We are pleased to welcome Navin Gurnaney, who has a proven track record of success within Starbucks and is a business leader with the ability to bring people together, as Tata Starbucks continues to innovate and position itself for long-term growth in the India market,” said John Culver, group president, International, Channel Developme...

Tech Mahindra Reduces its Retirement Age to 55 Years

2Oct By Gauri SinghNo Comments

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Tech Mahindra Reduces its Retirement Age to 55 Years

The popular IT company Tech Mahindra has reduced the retirement age from 58 to 55 years. Generally, corporate and government retirement ages go up but in the rapidly changing IT industry, it’s beginning to go down. This move by the company indicates that they don’t want to be stuck with older employees who may be reluctant to change. The policy applies only to employees in what it calls the ‘U’ band — those with under seven years of experience. The policy has no impact for now, and its senior employees will not be hit. “At the end of the day, business-and-skill mix required has changed dramatically. Companies have engaged their employees in long learning cycles — in some cases, at their own expense. Firms have little control and are driven by clients’ demand and are actively changing...

Saudi Arabia Releases $200 billion in SoftBank Solar Project

1Oct By Gauri SinghNo Comments

MIDDLE EAST, News

Saudi Arabia Releases $200 billion in SoftBank Solar Project

Saudi Arabia has put on hold an amount of $200 billion under a plan with SoftBank Group Corp. with the purpose of building the largest solar-power-generation project in the world. As of now, nobody is actively working on the project. However, the Saudi kingdom is working up a broader, much more practical strategy to boost renewable energy. This is expected to be announced in late October. The CEO of SoftBank, Masayoshi Son had also announced his plans to invest in creating the world’s biggest solar power project in Saudi Arabia in March. The project visualized by him was expected to have the capacity to produce up to 200 gigawatts (GW) by 2030. However, reaching out to SoftBank was found unsuccessful as the company did not respond to any of the comments.

Following, SEC’s settlement, Elon Musk out as Tesla Chairman

1Oct By Gauri SinghNo Comments

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Following, SEC’s settlement, Elon Musk out as Tesla Chairman

In the charges against Tesla and Elon Musk, the entrepreneur has agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit. This settlement is enabling Musk to remain CEO of the electric car company but requires him to discontinue his role as chairman for at least three years. However, he will continue to be the company's CEO. Following this, Tesla is looking to hire an independent chairman to oversee the company. "I do not doubt the value of Musk to Tesla," John Coffee, a Columbia University law professor and corporate governance expert, said. "Without him, they are just a struggling startup that is burning cash at a hopeless rate and is facing a debt refunding crisis in the near future. Besides a new chairman, Tesla was also ordered to ...

Flipkart Makes it Compulsory for Sellers to Use its Branded Packaging

28Sep By Gauri SinghNo Comments

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Flipkart Makes it Compulsory for Sellers to Use its Branded Packaging

The Indian e-commerce giant Flipkart has announced that the company has made it compulsory for all sellers on its platform to use only Flipkart-branded packaging for delivering goods to consumers. The company says that this move would be environment-friendly and cooperative with regulations in states such as Maharashtra where single-use plastic have been banned. The retail major has stated that the sellers that do not follow the rules will have to face consequences. The company will penalize non-compliant sellers by blocking their accounts or not delivering their orders. The policy has been launched a few weeks before the festive sales are set to begin. “This is a restrictive policy and is being forced through account suspension,” a spokesperson for the All India Online Vendors Associa...