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Facebook Grants Deep Data Access to Device Makers

4Jun By Gauri SinghNo Comments

News

Facebook Grants Deep Data Access to Device Makers

The most popular social networking platform Facebook formed an association with a total of 60 gadget makers for the purpose of data-sharing. Out of the sixty companies, Apple, Amazon, BlackBerry, Microsoft and Samsung are some among others that partnered with the social media giant for the defined purpose. Facebook had reached the specified device makers over the last decade, initiating before Facebook apps were extensively available on smartphones. The deals as mentioned, enabled Facebook to grow and expand its extent and also to let the partner companies provide popular social networking features, for instance, messaging, the ability to post photos, directly from a device without using the Facebook app, ‘like’ button and address books. It was also being said that the device compani...

1Jun By Gauri SinghNo Comments

BUSINESS

Amazon India Unit Suffers Heavy Losses

Amazon Seller Services, the Indian unit of US e-commerce retailer Amazon has witnessed a growth in their losses by 31% in the financial year 2016-17 reaching up to Rs. 4,830.6 crore. This is because of the exaggerated investments in the country in order to fight against its competitor, Flipkart. The Amazon Seller Services handles and operates a marketplace that assists the sellers to sell their products online in India and globally as well. Though due to investments, the company suffered losses, the revenue from the sales saw a rise of 43%, from Rs 2,276 crore in 2016 to Rs 3,256.6 crore in the year ended March 2017. In 2015-16, the Bengaluru-based unit suffered a net loss of Rs 3,679.9 crore. Where the competitor company Flipkart succeeded in lowering its losses to Rs 1,638.6 crore ...

Amazon Blocks its US Website for Australian Shoppers over GST

31May By Lavina TolaniNo Comments

USA

Amazon Blocks its US Website for Australian Shoppers over GST

Online E-commerce Giant Amazon has announced that it will block Australian shoppers from its international website to counter new tax laws on online purchases. Australians were free to buy goods from United States i.e via Amazon.com for years. But from 1 July, customers will be able to purchase goods only from Amazon's Australian website that was launched last year. The company has claimed that it will suspend shipments to Australian addresses from now on and will redirect all Australian requests to its local website. Why has Amazon done this? The Sydney headquarters etailer has said that it is making the change to remain compliant with the new GST collection laws coming into effect from July 1. Until now, a 10 percent GST is applied to items bought overseas for more t...

30May By NitishNo Comments

FUNDING

Bengaluru based Payment Platform Raises $10 Million Funding From Amazon

Bengaluru based ToneTag, a contactless payment platform has raised $8-10 million from investors like Amazon Inc. and Mastercard etc. Founded in 2013, ToneTag enables contactless digital transactions on mobile phones, card swiping machines, automated teller machines and other payment-enabling devices. The payment platform enables existing POS devices to accept payments using sound. Tonetag was founded by Kumar Abhishek and Vivek Singh and currently have a 47-member team constantly working to bring innovation to its technology. ToneTag has filed 7 global patents for a variety of exciting use cases in the payments ecosystem and the offline retail space and has touched the lives of its over 50 million global consumers. The startup collaborated over 250,000 merchants to made thei...

Top 10 Most Valuable Brands in The World Right Now

29May By Lavina TolaniNo Comments

CHINA

Top 10 Most Valuable Brands in The World Right Now

A new list talking of world's most valuable brands has been released and dragon country China has bagged top spots for the very first time. Ranked at No. 9, Jack Ma's Alibaba has joined along with Chinese Tech Giant Tencent alongside behemoth stalwarts such as Google and Apple. Alibaba has witnessed its brand value go double to $113 billion as the e-commerce firm has diversified its portfolio landing into mobile payments and cloud computing. Meanwhile, Tencent too has managed to secure a place in BrandZ top 10 ranking in 2017 and has gone from strength to strength over the past year. With a brand value of 179 billion, up by 65% compared to the company holds the 5th place behind giants Google, Apple, Amazon (AMZN) and Microsoft (MSFT) but above Facebook (FB). The BrandZ ranking ...

OnePlus 6 Marvel Avengers Limited Edition to go on Sale Today

29May By Gauri SinghNo Comments

Tech

OnePlus 6 Marvel Avengers Limited Edition to go on Sale Today

The OnePlus 6 Special Marvel Avengers Limited Edition’s sale will start from today at 12 noon, a week after the regular Midnight Black and Mirror Black variants of the phone went on sale for all buyers in India. The customers can buy the limited edition handset on Amazon India and on the official website of OnePlus India. The phone will be up for sale at a price of Rs. 44,999 and comes only with two variants on the basis of storage that include 8GB RAM and 256GB. The phone has similar specifications as the OnePlus 6. However, it comes with a specially designed theme for Marvel Avengers fans. The phone has an attractive and unique back cover, exhibits a gold-colored alert slider. The Marvel limited edition has a gold medal which has the symbol or badge of each Avenger like Thor or Cap...

Watch out for Samsung Carnival on Amazon : Up to Rs. 5,000 off and Lot More

28May By Gauri SinghNo Comments

Tech

Watch out for Samsung Carnival on Amazon : Up to Rs. 5,000 off and Lot More

The largest online retailer Amazon has yet again started its huge sale days with Samsung for all the Samsung lovers in India. The e-tailer will be offering discounts up to Rs. 5000 on Samsung smartphones, watches and accessories during the four-day sale period starting from today (28th – 31st May). The various blockbuster offers being provided by the e-commerce giant are: 1. Samsung Galaxy On7 Prime - This handset is now available at flat Rs 2,000 discount. The original price of the phone is Rs. 14,990 which can now be purchased at Rs. 12,990. Also, Reliance Jio is giving additional cashback of Rs 2,000 with this smartphone and there is an exchange offer of Rs 11,522. There is also an EMI option starting at Rs 681 per month. 2. Samsung Galaxy On7 Pro - This poc...

Online Insurance Startup Acko raises $12 Mn from Amazon

28May By Lavina TolaniNo Comments

FUNDING

Online Insurance Startup Acko raises $12 Mn from Amazon

Acko Technology, an online insurance startup raised $12 million in a fresh round led by e-commerce giant Amazon India as informed by the company on Sunday. The funding round witnessed participation from new investor Ashish Dhawan and existing investor Catamaran Ventures (Owned by Narayana Murthy). The new infusion has taken Acko's total equity funding to about $42 million with its valuation at about $100 million. The round led by Amazon marks company debut in the financial sector where it will now co-create products with the insurance tech startup - besides being its distributor. Acko-headquartered in Mumbai came to inception in 2016 as an independent entity post a restructuring at online insurance aggregator Coverfox, which witnessed its co-founded Varun Dua step down to kicks...

Amazon launches a “New Appstore” For Professional Sellers

23May By Lavina TolaniNo Comments

USA

Amazon launches a “New Appstore” For Professional Sellers

American E-commerce Giant Amazon is launching a new app store that will have special tools dedicated to helping sellers manage inventory and orders. Dubbed as "Amazon Marketplace Appstore", the application will in-house apps created using Amazon Marketplace Web Service (Amazon MWS) by Amazon and third-party developers screened by the company. The Amazon MWS is an integrated web service API where sellers can share data about their inventory, logistics and orders to automate tasks. Interestingly, sellers can even build apps using the platform for their own accounts as well that of sellers. According to a company statement to a leading news agency, it said, Many developers have innovated and created applications that complement our tools and integrate with our services. We created the ...

Amazon India’s Valuation Reaches Staggering Figures

21May By Sheldan RungasamyNo Comments

News

Amazon India’s Valuation Reaches Staggering Figures

The Indian e-commerce market has become a real battlefield, whereby global mammoth such as Amazon, Walmart and even Alibaba are competing fiercely to kick each other out of the landscape. The companies’ market strategy is mostly driven towards customer acquisition and retention, to own the most available market share. Flipkart, the e-commerce giant founded by Indian entrepreneur was recently acquired by Walmart for 16 billion dollars two weeks ago for 77% stakes, making it boast a valuation of $20 billion. However, a report from Citi Research suggest that Amazon India can also be valued at the now significant milestone of $16 billion as well. Indeed, Citi Research published a report last week in which it stated that Amazon India could possibly attain $70 Bn in Gross Merchandise Volum...

Paytm Mall Introduces No-cost EMI and Other Services to Expand E-commerce Penetration

21May By Lavina TolaniNo Comments

News

Paytm Mall Introduces No-cost EMI and Other Services to Expand E-commerce Penetration

Paytm Mall, The digital arm of e-commerce giant company Paytm has announced its plans to introduce an umbrella of new services such as no cost EMI, Extended Warranty on products, Device Insurance and Easy Exchange across its online platform as well as offline partner stores. Interestingly, the e-commerce arm of Paytm which received $450 million in funding from Alibaba and SoftBank is disbursing no-cost EMIs price Rs 1,000 crore throughout two million merchandise by the top of the subsequent quarter. In addition, it is partnering with 13 banks and monetary establishments for this transfer. Now with new additions to its portfolio, the company is looking forward to driving 25 % progress in gross income for its companion retail shops and achieve a dominating market share in smartphones a...

RealMe1: Another Budget Smartphone You Shouldn’t Fail to Notice!

19May By Lavina TolaniNo Comments

Tech

RealMe1: Another Budget Smartphone You Shouldn’t Fail to Notice!

With an aim to hit aggressive pricing strategy of Xiaomi and Asus, Chinese Smartphone maker Oppo has come forward with an exclusive sub-brand Realme to target young buyers looking to buy a powerful phone within Rs. 10,000 budget. Dubbed as Realme1, the phone will be exclusively available on Amazon in two variants- 3GB RAM and 32 GB storage priced at Rs. Rs8,990 while the higher 6GB and 128GB priced at Rs. 13,990. At such a compelling price tag, the phone is surely bringing in a head-on competition for rivals Xiaomi Redmi Note 5 (starts at Rs9,999) and Asus ZenFone Max Pro M1 (starts at Rs10,999). Here's All You Should Know About Realme1 Best Looks to Go For In the budget price category, Oppo Realme1 is by far the best looking phone that comes equipped w...