Monday, November 25

Tag: India

BRICS Countries Online Sale Surpassed $876 Bn In 2016 : Report
2Sep By Press Trust of IndiaNo Comments
CHINA

BRICS Countries Online Sale Surpassed $876 Bn In 2016 : Report

The online retail sales of BRICS(Brazil, Russia, India, China and South Africa) countries led by China and India surpassed $876 billion in 2016, in a recent report shared by China’s e-commerce giant Alibaba, today. The report was released ahead of the BRICS summit in Xiamen next week by the Ali Research Institute which is affiliated to Alibaba. (more…)
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Karnataka Govt Signed MoUs With Eight Companies, Including Google and PwC
31Aug By Press Trust of IndiaNo Comments
INDIA

Karnataka Govt Signed MoUs With Eight Companies, Including Google and PwC

The Karnataka government today signed MoUs with eight companies including Google and PwC to cater to the needs of the identified 100 startups under the state's 'Elevate 100 programme.' "Google which will provide $3000 worth of cloud credits for startups registered with Startup Cell and $20,000 worth of cloud credit for startups who are winners of Elevate100," said state IT Minister Priyank Kharge. Elevate 100 is a government project which will help elevate selected 100 startups by providing them funds and mentors to help them turn their ideas into successful businesses. PwC will provide mentoring and consulting services for sustainable growth of startups and Yes Bank will give banking services, API Integration and customized solutions for these startups. Kotak Bank will provide hel...
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A Quick Tour Of Cities That Have Opportunities For Potential Startups
6Aug By AnkitaNo Comments
ANALYSIS

A Quick Tour Of Cities That Have Opportunities For Potential Startups

Startup is a risky business. 'The million dollar idea' alone won't suffice. One has to have better understanding about the customer targeted, and how to reach out to them; followed by extensive planning and then finally, an eventual place for the launch of your product(s). It’s very important that one finds the right city according to his or her startup’s requirements. (more…)
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GST Will Not Impact Smartphone Demand In India: Report
25Jul By Press Trust of IndiaNo Comments
ANALYSIS

GST Will Not Impact Smartphone Demand In India: Report

The new Goods and Services Tax (GST) will have no impact on the smartphone demand in India, according to a latest telecom research. A German research firm GfK found that smartphone demand in India remained resilient in 2017, having levelled out slightly to 14 per cent year-on-year. "GfK expects the recently announced Goods and Services Tax (GST) will have no impact on smartphone demand in the country. GfK forecasts overall smartphone demand in the region will total 234 million units in 2017, an increase of 11 per cent year-on-year," the research said. Global smartphone demand totaled 347 million units in 2017, up 4 per cent year-on-year. This makes it the strongest second quarter on record, the research found. Arndt Polifke, global director of telecom research at GfK, said: "T...
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Kailash Satyarthi Says Use Technology To Solve Social Problems
22Jul By AdityaNo Comments
INDIA, INSPIRATIONAL

Kailash Satyarthi Says Use Technology To Solve Social Problems

Nobel laureate Kailash Satyarthi has asked professionals to use technology to solve social problems in addition to their business requirements. "The world is at your fingertips," Satyarthi said at an event hosted by social networking platform for professionals, LinkedIn India here yesterday to interact with its employees in Bengaluru, Delhi and Mumbai about his work against the sexual exploitation and trafficking of children. Satyarthi also spoke about the challenges, struggles and opposition he faced when he started his journey, 37 years ago. He reminisced about how at the time, India did not have a law when it came to protecting children from abuse and trafficking and how far it has come today. "It is easy to walk on the available path, its difficult to walk on an unexplored path or t...
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Fabogo(formerly known as Mazkara) Raises $2.25 Million Funding
11Jul By RishabhNo Comments
FUNDING

Fabogo(formerly known as Mazkara) Raises $2.25 Million Funding

Fabogo(formerly known as Mazkara) a salon and spa discovery platform run by Dubai based Mazkara FZ LLC, has recently raised $2.25 million (Rs 14.5 crore) in its third round of funding from Dunamis Ventures Pte Ltd. The company had earlier secured an angel funding of $500,000 in May, 2015 and $1 Million in January, 2016. Founded by Roy and Mohammad Ali Akmal, Fabgo was launched in Dubai in March 2015 entered in Pune, India in August 2015 and then later in Mumbai. The company is planning to utilize 40% of its funding to strengthen its technology and another 40 to increase its user base. The remaining amount will be used for geographical expansion. “Our focus this time is technology because we’re entering into the transaction game,” Roy, co-founder Fabogo said. Fabogo aims to be th...
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G20 Hamburg Action Plan Praises India For Promoting Startups at G20 Summit 2017
9Jul By AnkitaNo Comments
INDIA

G20 Hamburg Action Plan Praises India For Promoting Startups at G20 Summit 2017

Acknowledging steps being taken by India for sustainable and inclusive growth as well as support to global economy, the G20 has praised the initiatives in the country for promoting ease of doing business, startup funding and labour reforms. In its Hamburg Action Plan, adopted at the G20 Summit of leaders from the worlds 20 largest economies, the group also noted that "in the financial sector, India is popularising a number of derivative instruments in exchanges or electronic trading platforms" as part of measures to enhance resilience of its economy. The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. Currently, these are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy...
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Snapdeal Board Rejects Flipkart’s $850 Million Offer
4Jul By AdityaNo Comments
News

Snapdeal Board Rejects Flipkart’s $850 Million Offer

Snapdeal board is believed to have rejected a takeover offer of USD 800-850 million (around Rs 5,500 crore) from larger e-commerce rival Flipkart. According to sources privy to the development, Flipkart has completed the due diligence process and has made an offer of USD 800-850 million to buy Snapdeal. However, the offer was rejected by the Snapdeal board which felt the amount undervalues the company as the due diligence report is clean. "The first offer has been rejected but talks are still on. It is an ongoing discussion," said one of the sources. When contacted, Snapdeal, SoftBank and Flipkart declined to comment. SoftBank, the Snapdeals largest investor, has been proactively mediating the sale for the past few months. The board also has representation from Snapdeal founder...
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