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Twitter India’s Country Director Taranjeet Singh Steps Down

5Sep By Gauri SinghNo Comments

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Twitter India’s Country Director Taranjeet Singh Steps Down

Taranjeet Singh, the man behind the growth of the business of Twitter in India has stepped down from his position as Country Director. This announcement was tweeted by him on the microblogging website on Tuesday. Following the stepping down of Taranjeet Singh, the company’s Twitter's global head of revenue strategy and operations Balaji Krish will take over the position of the latter. He is coming from the US to be interim country lead from the next month. Hello everyone, after 4 amazing years, I have decided to move on from @TwitterIndia - from being one of the first @Twitter employees in #India, to building up the sales team from the ground up, to leading our expansion and investments as the India Country Director #AmazingRide pic.twitter.com/qMG4QDvL4a — Taranjeet Singh...

Mercedes Benz Forays into the EV Segment with Newly Launched SUV

4Sep By Gauri SinghNo Comments

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Mercedes Benz Forays into the EV Segment with Newly Launched SUV

The luxury car maker Mercedes Benz is all set to foray into the electric car segment. Benz has launched its much-anticipated electric SUV today which might give a tough fight to the predominant EV player Tesla. While Tesla has been facing challenges a few days back against going private, Benz has taken a great step and took advantage of the situation brewing up. The market for upscale electric cars is Tesla's to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this year and almost double that in 2019. "While Tesla currently has a strong hold on the luxury electric market, I don't think this will be the case after the arrival of the German premium offerings," said Wajih Hossenally, an automotive powertrain analyst with IHS Markit. "Tesla has virtuall...

New York based Vroom is Raising $70 million After a Big Round of Layoffs

3Sep By Gauri SinghNo Comments

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New York based Vroom is Raising $70 million After a Big Round of Layoffs

New York City-based e-commerce company Vroom which buys and sells used cars has filed to raise $70 million in new equity funding. The company has already secured $30 million of that $70 million targets. The company with this is signaling confidence from investors that it’ll become profitable and beat out key competitors in the space, such as Carvana and Shift. The company has an aim of making the process of buying a used car as easy as ordering a pizza. With more than 3,000 cars for sale on the site, the startup delivers directly to its customers’ doorsteps. However, when asked, Vroom declined to comment on its upcoming round. “While Vroom’s business is healthy and financially stable, we’re always looking to align our resources to fulfill our long-term vision and deliver on our mi...

Wipro Healthcare Head Heenan Jalil Steps Down After a Decade

1Sep By Gauri SinghNo Comments

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Wipro Healthcare Head Heenan Jalil Steps Down After a Decade

The IT services corporation Wipro has announced that its senior vice-president and global head of the healthcare business Jeffrey Heenan-Jalil has stepped down after working for a decade with the company. This resignation marked the second top-level exit in the healthcare division in less than three years. When Jalil joined Wipro, he succeeded Sangita Singh who later moved to Infosys and then to IBM’s global business services (GBS) division. The customer list of Wipro counts Johnson& Johnson, Novartis and GE Healthcare. It has witnessed major challenges in its healthcare business following the acquisition of US company HealthPlan Services (HPS) for $460 million in 2016. The company further also stated that Mohd Ehteshamul Haque, SVP and vertical head for healthcare and service...

Uber May Launch Air Taxis in Indian Metros under Uber Elevate Project

31Aug By Gauri SinghNo Comments

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Uber May Launch Air Taxis in Indian Metros under Uber Elevate Project

With the ride-hailing services getting a major boost for a few months now, world’s largest cab aggregator Uber may now come up with flying taxi by the year 2023. It has been reported that Uber has shortlisted India and four other countries as potential markets where it may launch its air mobility services in the next five years. This has been done under the company’s ‘Uber Elevate’ project. Apart from the US, the countries that have been selected for the ambitious project include India, Japan, Australia, Brazil and France. “We are announcing a shortlist of five countries where Uber Air can immediately transform transportation and take our technology to new heights,” said Eric Allison, head of Uber Aviation Programs. “Starting in approximately five years, Uber customers in launch cities...

Pepperfry Introduces Cash-On-Delivery Services Up To Rs 50,000

30Aug By Gauri SinghNo Comments

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Pepperfry Introduces Cash-On-Delivery Services Up To Rs 50,000

Online home and lifestyle store Pepperfry has reportedly launched a fresh feature on its platform that is from now on, the consumers in Mumbai and Delhi NCR will be able to avail the cash on delivery (COD) services ahead of the upcoming festive season. Furniture delivery is a big space and thus, it is generally not based on COD, but now the company will offer COD payments of up to Rs 50,000 on high-ticket purchases at no additional cost as an introductory offer. With this move, the Mumbai-based company is looking to make high-value furniture transactions accessible to consumers in line with a target to reach up to 20 million homes by 2020. “The introduction of the COD option with an upper limit of up to Rs 50,000 offers more flexibility to our customers when purchasing furniture onl...

Amazon Rebrands Offline Initiative in India

29Aug By Gauri SinghNo Comments

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Amazon Rebrands Offline Initiative in India

The popular e-commerce player Amazon India has announced that it will be promoting all its 14,000 assisted online shopping points in 21 States across the country. And, this will be done under Amazon Easy brand, starting with 200 such facilities in Andhra Pradesh and Telangana. All the points will be branded Amazon Easy by mid 2019 as stated by Kishore Thota, director-customer experience and marketing, Amazon India. This will be done majorly for stores dealing in a host of items from groceries, medicines and mobiles besides some exclusive outlets. With Amazon Easy, the staff of offline stores in tier II and tier III markets are instructed to assit customers shop on Amazon.in and this in turn also helps them to earn commission. Thota stated that in the two States, where there are 1,...

Indian Crowdfunding Platform BitGiving is Shutting Down

27Aug By Gauri SinghNo Comments

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Indian Crowdfunding Platform BitGiving is Shutting Down

The Delhi-based crowdfunding platform BitGiving is reportedly signing off from its services and will shut down from the 30th of September, 2018. With the shutting down of the company, the platform, all the campaigns and individual/ organization profiles will come to an end. BitGiving is a platform that offers people to raise funds in diverse categories that give wings to the ideas of entrepreneurs, creative minds and social issues. It offers funds in categories ranging from Social Causes, Startups to Creative & Entrepreneurial Ideas. The company claims that its primary motive has always been to help innovate individual fundraising for Not for Profit organizations and individual projects via crowdfunding and various other technology tools. “In the last 5 years, we’ve been part of...

Elon Musk’s Tesla To Remain a Public Company

25Aug By Gauri SinghNo Comments

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Elon Musk’s Tesla To Remain a Public Company

After brewing up all the excitement of people regarding Tesla going private, the company announced that it will remain a public company. CEO Elon Musk on Friday stated that after interacting with shareholders and investigating the procedure and process of taking the company private, he believes the better way for Tesla is to remain public. For the same purpose, Musk had a meeting with Tesla’s board of directors on Thursday and announced his decision. "Elon communicated to the Board that after having done this work and considered all factors, he believes the better path is to no longer pursue a transaction for taking Tesla private," the board members wrote. On the other hand, the special committee that was formed for the purpose of taking Tesla private has been dissolved. When Musk...

Facebook Brings On Board HP’s Top Executive Antonio Lucio

25Aug By Gauri SinghNo Comments

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Facebook Brings On Board HP’s Top Executive Antonio Lucio

One of the leading social media platforms Facebook has announced that it is appointing Antonio Lucio who has been the Global Chief Marketing and Communication Officer HP Inc. Lucio will be joining in as the new chief marketing officer where he will be working across Facebook’s family of apps, including WhatsApp and Instagram. He is taking up the position of Gary Briggs who left the social network in January. “Purpose and impact have been at the center of every career decision that I have ever made,” Lucio said in a statement. “Facebook is one of the world’s most impactful brands, at a pivotal moment in its history. I am honored to join the team and support its evolution.” He will report to Facebook Chief Product Officer Chris Cox and also will be a part of Chief Operating Officer Sher...

Myntra to Foray Into Offline Beauty & Cosmetics Retailing

24Aug By Gauri SinghNo Comments

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Myntra to Foray Into Offline Beauty & Cosmetics Retailing

India’s largest online marketplace Myntra is planning to soon enter the offline market space with the retailing of beauty and cosmetics products under Myntra Beauty brand. Soon after launching its first offline store for Roadster, the e-talier is now stepping ahead with its O2O (online to offline) business. At present, the company sells more than 100 beauty and cosmetics brands on its online platform including MAC, Clinique, Bobbi Brown, and Estee Lauder. And now, these products will also be sold offline through a series of multi-brand physical stores. “Beauty and personal care is a fast growing segment for us which has been growing at 400% year-on-year. Today we have over 250 leading brands across makeup, skin care, bath & body, perfumes and beauty appliances,” said Ananth Narayan...

Google Tez Expected to be Renamed as Google Pay

23Aug By Gauri SinghNo Comments

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Google Tez Expected to be Renamed as Google Pay

The digital payments space is growing at a great pace these days and Google Tez has been a predominant player along with many other companies. Google is now planning to rename Tez to Pay and integrate it under the global payment umbrella of Google Pay. Being Google’s payments app, Tez gained a lot of attraction and also has hit various targets in less time as compared to others. The app has crossed more than 50 million downloads. This move is expected to open the Unified Payments Interface (UPI) as a mode of payment for app purchases on Google Play Store. And as stated by the experts, it is a huge use case waiting to be tapped. "We have always maintained that we will bring payments across different platforms," Google spokesperson said. It has also been mentioned that till now Tez h...