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Amazon, Microsoft Look for Data Role in Self-Driving Cars With Here: Report

2Apr By reutersNo Comments

News

Amazon, Microsoft Look for Data Role in Self-Driving Cars With Here: Report

Amazon.com and Microsoft are in talks to supply cloud computing to digital mapping business Here.com, owned by a group of German carmakers developing self-driving cars, sources familiar with the matter said. Amazon is also considering becoming a shareholder in Here, two sources said. Last year, carmakers BMW, Audi and Mercedes struck a EUR 2.5 billion ($2.85 billion or roughly Rs. 18,928 crores) deal to buy Nokia's Here maps business. Intelligent mapping systems supply information to control self-driving cars, which are equipped with street-scanning sensors to measure traffic and road conditions. This location data can in turn be shared with other map users. "Amazon would take a stake as part of a broader deal to lock them in as a provider of cloud computing services," one sour...

Indian Govt Allows 100% FDI in Marketplace Model of E-commerce

29Mar By Press Trust of IndiaNo Comments

INDIA, News

Indian Govt Allows 100% FDI in Marketplace Model of E-commerce

The government permitted 100% foreign direct investment (FDI) in the marketplace format of e-commerce retailing with a view to attract more foreign investments. The norms on FDI in the sectors of e-commerce, and IT and ITeS are expected to be part of detailed guidelines, which would be rolled out soon by the government, sources said. Last week, a group of senior officials from departments of DIPP, corporate affairs and economic affairs, among others, discussed these matters in great detail. According to sources, the DIPP has suggested that 100% FDI should be allowed in “marketplace model e-commerce” activities. In such a model, the e-commerce company provides an online platform for buyers and a sellers. At present, global e-tailer giants such as Amazon and Ebay are operating onlin...

Amazon Acquire 20 Boeing 767 Aircraft For It’s Air Delivery Network

10Mar By AnkitaNo Comments

News

Amazon Acquire 20 Boeing 767 Aircraft For It’s Air Delivery Network

In a bid to assume more control over its supply chain and reduce costs, American electronic commerce and cloud computing company Amazon.com Inc has announced the signing of a deal to lease 20 Boeing 767 aircraft to handle more of its own deliveries in the United States. Amazon had spent USD 11.5 billion on shipping last year and relies heavily on carriers like United Parcel Service Inc and FedEx Corp to deliver most of its packages, Reuters reported. "This is an incremental negative for FDX and UPS as it will likely remove some higher yielding express freight and parcel volume from each of the respective networks," RBC Capital Markets analyst John Barnes said. Meanwhile, American global courier delivery services company FedEx said the announcement was not a surprise and called Ama...

Flipkart Shuts It's Groceries Delivery App Nearby

26Feb By PriyankaNo Comments

News

Flipkart Shuts It's Groceries Delivery App Nearby

A month later, Mukesh Bansal and Ankit Nagori resignation India’s largest e-commerce firm Flipkart shuts it's groceries delivery app, Nearby. The company Nearby was five months old. Paytm, operated by One97 Communications Ltd, also closed its grocery service in June because of poor demand. The Nearby app was launched as an experiment by Flipkart in Bengaluru in October. The company promised to deliver fruits, vegetables, soaps and other staples from supermarkets to customers within an hour of receiving an order. On 11 January, Flipkart named co-founder Binny as CEO, replacing Sachin Bansal, in a move that it claimed would strengthen its management bandwidth as it seeks to combat archrival Amazon India and kick off preparations for an expected initial public offering (IPO) over the...

Amazon acquired EMVANTAGE a Payment Gateway Startup

17Feb By AnkitaNo Comments

ACQUISITION

Amazon acquired EMVANTAGE a Payment Gateway Startup

Amazon.com has acquire EMVANTAGE Payments Pvt Ltd, a Noida-based online payment solutions provider for an undisclosed amount. Srinivas Rao, director of Amazon Payments India said in a press release "EMVANTAGE is a valuable addition to our team as we accelerate our payment offerings, ensuring the best in class online payment experience anywhere that customers shop with us,” As part of the deal, EMVANTAGE's team will join Amazon's payments team to develop solutions tailored for the Indian market. The deal is expected to close in the first quarter of 2016. EMVANTAGE provides an online payment gateway, besides solutions around mobile payments and pre-paid card solutions. Amazon had recently struck a deal to buy a 26 per cent stake in Westland Ltd, a subsidiary of Tata Group’s reta...

Worried Analysts Question Amazon’s Logistics Plans

29Jan By AnkitaNo Comments

News

Worried Analysts Question Amazon’s Logistics Plans

In the wake of Amazon.com Inc's disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same quarter last year. And they sharply questioned the company's plans to continue to make heavy investments in logistics, even at the expense of profits. They wondered why it was planning to buy more assets like trucks, and reportedly to lease jets, and worried it planned to spend the money to take on shippers like United Parcel Service Inc. "The so-called (earnings) miss was half fulfillment and half marketing," said Michael Pachter, a managing director of equity research at Wedbush Securities. The growing popularity of Prime, which promises free, two-day del...

Jeff Bezos Shows as a Hindu God “Lord Vishnu” on Fortune Magazine Cover, Irks NRI

12Jan By NitishNo Comments

News

Jeff Bezos Shows as a Hindu God “Lord Vishnu” on Fortune Magazine Cover, Irks NRI

In latest issue of Fortune 500 magazine, Jeff Bezos, Amazon CEO portrays as a Hindu god Vishnu on cover page. The move is highly criticized the Indian community in the US over “trivialisation of their venerated deity”. In International edition of the January issue, Fortune Magazine features a story about Amazon’s expansion in India. The titled is ‘Amazon Invades India’ and it explained about how Bezos “aims to conquer the next trillion-dollar market”. An illustration of the Amazon CEO striking a customary form of Vishnu can be seen on the cover. The Fortune cover page has been created by Sydney-based illustrator Nigel Buchanan. His clients include The Wall Street Journal, MTV, The New York Times, etc. Amazon entered Indian e-retail space around three years ago and since then has f...

“Amazon, Flipkart, Snapdeal, Paytm” , Big 4’s App Performance in 2015 by Deepak Abbot

31Dec By Deepak AbbotNo Comments

ANALYSIS

“Amazon, Flipkart, Snapdeal, Paytm” , Big 4’s App Performance in 2015 by Deepak Abbot

Following up on my last year’s post on Mobile Commerce, I decided to focus only on Big 4 this time primarily due to lack of time. Here is what I published in Dec 2014: Mobile Commerce Growth in 2014 - It's An App World Let's take a visual look at how some of the top mobile commerce Apps of India grew in the year 2014, which also points…growthbug.com The numbers shown below are based on my formula based on publicly available data. Plus I have used all the free sources of data (non-paid) available from popular App store analytics platforms. The charts below are only for Android, which IMO would be 85% of all App traffic. Flipkart maintained its leadership in 2015: Flipkart grew 2x: Returning users: Month 2 retention seems to be the biggest concern for all: Num...

19Nov By Press Trust of IndiaNo Comments

News

Flashdoor Raises Money From Former and Current Flipkart Executives

Bangalore-based on-demand laundry service platform, Flashdoor, has raised an undisclosed amount in angel funding, led by former Flipkart executive Sujeet Kumar. Flipkart's Chief Business Officer Ankit Nagori and Tracxn Labs also participated in the round. Kumar was head of Flipkart's largest seller and its captive logistics business WS Retail Pvt Ltd, before quitting in May. Ankit Agarwal, co-founder Flashdoor Internet Services, said, "The investors joining the board would be mentors and would be instrumental in guiding the company in marketing, understanding strategy and raising money. The funding is expected to be invested in building core team and upgrading technology. The company would go in for another round of fund raising to support its plans to expand footprint across the ...

Amazon may export delivery lessons from India to cut costs abroad

15Nov By RishabhNo Comments

News

Amazon may export delivery lessons from India to cut costs abroad

E-commerce giant Amazon.com is taking lessons learnt from its daily battles with India's choked roads and cramped cities to some of its largest developed markets, exporting a model of cheaper deliveries and reduced warehousing costs. Online shopping is booming in India, where millions of consumers are newly able to access the Internet thanks to cheap smartphones. For Amazon, it is already the largest contributor of new customers outside the United States. But, like local rivals Flipkart and Snapdeal, Amazon has struggled with deliveries in cities where snarl-ups are frequent and road signs unreliable. In response, firms have set up logistics networks and use motorbikes instead of trucks. Flipkart, for one, has tapped Mumbai's dabbawalas, a more than a century-old lunch box distrib...

8 Key Rules for Starting a Business on a Shoestring – Martin Zwilling

19Sep By No Comments

BLOGS

8 Key Rules for Starting a Business on a Shoestring – Martin Zwilling

A few years ago, before the Internet was pervasive, before everyone carried a smartphone and before do-it-yourself software tools were available for free, it was difficult to reach a critical mass of new customers without spending a million dollars on a website, custom software and television advertising. Now you can match a big company with worldwide reach for a few thousand dollars. It’s a new age for aspiring entrepreneurs, where anyone with a dream or a hobby should be turning it into a business. The bad news is that many are already doing it, with competition growing, so the longer you wait, the less chance you have of getting there first. The good news is that most haven’t learned the new rules, so there is still room to surge ahead of the crowd. Here are some of the key new ...

Tech Companies work culture destroying employees lives – Moskovitz, Facebook Co-founder

23Aug By No Comments

BLOGS

Tech Companies work culture destroying employees lives – Moskovitz, Facebook Co-founder

Last week, I spoke to an ambitious group of high school students at SPARC in Berkeley. Several of them asked me about things I wish I had done or learned earlier in life, or regrets I had from earlier in my career. Again and again, I came back to the idea that I wish I had lived my life differently. 2006 was one of the best years for Facebook, and one of the worst years for me as a human. I wish I had slept more hours, and exercised regularly. I wish I had made better decisions about what to eat or drink — at times I consumed more soda and energy drinks than water. I wish I had made more time for other experiences that helped me grow incredibly quickly once I gave them a chance. You might think: but if you had prioritized those things, wouldn’t your contributions have been...