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Woman Entrepreneur Writes to PM Modi Against Stayzilla Fraud

3Apr By AdityaNo Comments

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Woman Entrepreneur Writes to PM Modi Against Stayzilla Fraud

The woman proprietor of Chennai-based advertising Jigsaw Solutions, which was allegedly defrauded of Rs 1.69 crore by Stayzilla, today urged Prime Minister Narendra Modi and his government to address issues of funding and transparent business models at the earliest. Radha Shekhar, in a letter to Modi, said this was needed to avoid any suffering women entrepreneurs like her face at the hands of a few 'unscrupulous businessmen' posing as startups. Jigsaw had alleged Stayzilla had defrauded it of about Rs 1.68 crore for services it rendered since last year. Yogendra Vasupal, co-founder of Stayzilla, an online hotel and homestay booking company, was arrested on March 14 for alleged cheating and criminal intimidation. He has twice been denied bail. Radha also wrote to IT Minister Ravi ...

2Apr By AdityaNo Comments

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Shell Opens New State of the Art Technology Centre in Bangalore

Up to 1,500 staff will work at the Bangalore technology centre. Their expertise will include gas technology, geological modelling, data analysis and computational research. Shell opened a new major technology hub in Bangalore today - a 52-acre, custom-built technology center - that can house up to 1,500 experts, who would collaboratively work on worldwide innovative energy projects. The inauguration was conducted in the presence of Chief Guest, Shri. Dharmendra Pradhan, Hon'ble Minister for Petroleum and Natural Gas, Govt. of India. Commenting on the opening of Shell Technology Centre Bangalore, Shri. Dharmendra Pradhan said, " India has an opportunity to make a significant contribution to the world's incremental energy needs in the years ahead. Shell is developing a waste-to-fuel tech...

2Apr By PriyankaNo Comments

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An Indian Watch Brand TSAR Launches Wood Made Watches

As people from the fashion industry dabble with new textures and materials to come up with different and extraordinary designs in the world of accessories, here is a material that is to stay "WOOD". Open your mind to the possibilities and you will realise that there is no better and more sustainable material than wood as it is one of the most abundant renewable resource available in this day and age with infinite possibilities. It is comparatively an ecological solution to using stainless steel, leather and other limited and morally questionable resources that may perish, deplete or cause harm to the society. Wood has evolved to suit our functional and aesthetic needs. TSAR, the new Emperor in the world of wooden accessories is here to stay. An Indian Watch brand started by two y...

Struggling E-commerce Company Snapdeal Rope in SBI Caps and Kotak Mahindra Capital For IPO in 2019

1Apr By PriyankaNo Comments

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Struggling E-commerce Company Snapdeal Rope in SBI Caps and Kotak Mahindra Capital For IPO in 2019

Struggling ecommerce major Snapdeal has sounded out five merchant bankers, including SBI Caps and Kotak Mahindra Capital, to work on a public offer that is likely to hit the market in the second half of 2019. The third largest marketplace majority owned by Japanese giant SoftBank has also reportedly appointed Swiss investment banking major Credit Suisse as a special advisor for the share sale, people aware of the development told PTI. "The IPO process is on with in earnest and may open in the second half of calender 2019, depending on the market sentiment. The management has zeroed in on five i-bankers incluing SBI Caps and Kotak MahindraBSE 0.82 % Capital,"said the source. The source also said out of the five i-bankers sounded out, it will pick only one lead-banker that could be ...

Google, Amazon Looking To Acquire Toshiba’s Chip Unit

1Apr By AdityaNo Comments

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Google, Amazon Looking To Acquire Toshiba’s Chip Unit

Google and Amazon joined a list of potential buyers eyeing Toshiba's lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said today. Toshiba has reportedly completed the first round of bidding for its prized memory chip business, seen as key for the cash-strapped company to turn itself around. Some 10 foreign companies and funds, including Google and Amazon, tendered bids, the mass-circulation Yomiuri Shimbun said, quoting unnamed sources. The two US tech giants are expected to use Toshiba's memory chips for their cloud services, the daily said. Taiwan's Hon Hai, which acquired Japanese electronics maker Sharp last year, has apparently bid more than 2 trillion yen (USD 18 billion), the daily said. Immediate confirmation...

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

31Mar By reutersNo Comments

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Modi Privately Took Amazon to Task Over Insulting Flag Doormat

India's reaction to an Amazon.com website selling doormats resembling the country's flag involved an unprecedented public and private offensive against the US company by Prime Minister Narendra Modi's government, a document shows. Foreign minister Sushma Swaraj publicly threatened in January to rescind visas of Amazon employees if the doormats were not removed from its Canadian website. But a document seen by Reuters shows the government went even further in private, asking its US and Canadian embassies to raise the matter "strongly" with Amazon's senior leadership. India also escalated the matter to Amazon CEO Jeff Bezos and prompted a global audit by the company to "ensure that such products are not listed on any of its other" websites around the world, according to the docu...

Sachin Starts Digital Innings; Launched His App

31Mar By Press Trust of IndiaNo Comments

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Sachin Starts Digital Innings; Launched His App

Cricket icon Sachin Tendulkar today started his digital innings as a mobile phone app dedicated to him, "100 MB" was launched here. The app is conceptualised and developed by JetSynthesys and has been envisioned by Sachin himself. A song sung by Sachin with the ace singer Sonu Nigam will feature on the app on Sunday at 10 PM. Speaking on the occasion, Sachin said, "Many of you and my friends have asked me what are you going to do in your second innings of life. The first innings went on for 24 years. There are number of things which I am involved in, but something which I am looking forward to starting soon, in fact now, is the digital innings." It will allow me to get closer to my fans. My journey started as a 10-year-old who saw India win the World Cup in 1983, so in...

SHAREit’s Global Users Surpass One Billion

30Mar By AnkitaNo Comments

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SHAREit’s Global Users Surpass One Billion

On March 16, 2017, SHAREit announced that its global user number surpassed one billion, including over 300 million internet users contributed by India, and more than 60% were Indian netizens. Up to now, SHAREit has already covered over 200 nations with monthly active users of nearly 400 million. Consistently ranking No.1 in the GooglePlay Popular Tool List among 33 nations and No.1 in the AppStore Productivity Rating among 62 nations. More than 700 million documents are distributed through SHAREit every day. It has a huge potential of crunching big data. Along with the technological development from Internet to mobile Internet, the world is even more interconnected. But in the current stage, India is facing a lot of obstacles. Among them, the comprehensive construction of internet in...

TVF CEO Arunabh Kumar Booked For Molestation

30Mar By Press Trust of IndiaNo Comments

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TVF CEO Arunabh Kumar Booked For Molestation

The Mumbai police today booked web entertainment firm 'The Viral Fever's' founder Arunabh Kumar for allegedly causing sexual harassment to unknown women. The suburban Andheri police registered a case against Kumar under sections 354 A (causing sexual harassment) and 509 (insult the modesty of a woman by indecent words, gesture or acts) of Indian Penal Code, said DCP Ashwini Sanap, police spokesperson. Kumar hadn't been arrested, he said, without disclosing on whose complaint the FIR was registered. Earlier this month, an anonymous blog post by a woman alleging sexual harassment to her by Kumar when she worked at TVF between 2014 and 2016 had gone viral on the social media. It was followed by similar allegations by some other women. TVF had denied all the allegations and said it...

Reliance Jio Claim To Have 50 Million Paid Subscribers

30Mar By PriyankaNo Comments

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Reliance Jio Claim To Have 50 Million Paid Subscribers

Reliance Jio, India's newest telecom operator, is closing in on 50 million paid users, days before its free voice, free-data offer ends. Out of 100 million-plus free subscribers, nearly 50 million have signed up for its 'Prime' membership by paying a one-time charge of Rs 99 and buying data packs. A company official said that Jio has already achieved more than 50 per cent of the target set for Jio Prime membership. Jio's promotional Happy New Year plan that offered free voice and data ends on March 31. The company has offered customers Prime membership on payment of one-time fee of Rs 99. Data packs for such members is available for as low as Rs 149 per month. Voice calls on Jio will remain free. The official said daily addition are going up exponentially and actual numbers wil...

Anil Ambani Inducted Into Leading Global Think Tank Atlantic Council Alongside Rupert Murdoch & Others

29Mar By AnkitaNo Comments

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Anil Ambani Inducted Into Leading Global Think Tank Atlantic Council Alongside Rupert Murdoch & Others

Washington D.C. / Mumbai, March 28, 2017: The Atlantic Council today announced the induction of Anil Ambani, one of India’s best known business leaders, to its International Advisory Board – a prominent group of global corporate and political leaders. Former Utah Governor and Chairman of the Atlantic Council, Jon M. Huntsman, said “I am delighted to welcome my good friend and colleague Anil formally to join our team. The Atlantic Council’s presence in South Asia and, in particular, India is growing at a rapid pace and Anil’s presence on our board could not be more timely. We look forward to working with him to make a difference.” Other notable Members of the International Advisory Board include Dr. Zbigniew K. Brzezinski, Former U.S. National Security Advisor, Kevin Rudd, Former Pr...

Uber Resumes Driverless Car Programme After Crash in Arizona

28Mar By reutersNo Comments

News, USA

Uber Resumes Driverless Car Programme After Crash in Arizona

Driverless vehicles operated by Uber Technologies Inc were back on the road in San Francisco on Monday after one of its self-driving cars crashed in Arizona, the ride-hailing company said. Uber's autonomous vehicles in Arizona and Pittsburgh, Pennsylvania, remained grounded but were expected to be operating again soon, according to a spokeswoman for the company, who refused to be identified. "We are resuming our development operations in San Francisco this morning," she said in an email. Uber's San Francisco program is currently in development mode. It has two cars registered with the California Department of Motor Vehicles, but is not transporting passengers. The spokeswoman said because of this, the company felt confident in putting the cars back on the road while it investig...