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Zara to Launch its Online Store in 106 more Counties

9Nov By Gauri SinghNo Comments

BUSINESS

Zara to Launch its Online Store in 106 more Counties

The luxury and one of the most popular clothing retailers Zara has reportedly planned to expand its online sales to an additional 106 countries through a dedicated online platform, mostly in Africa. This was announced by its parent firm Inditex on Wednesday. The launch clearly states that Zara apparel will be available online in 202 countries now. “From tomorrow, Zara’s global women’s, men’s and kids collections will be available in a total of 202 markets, underpinned by the integrated store and online platform,” the company said in a statement. Inditex has said it aims by 2020 to have all its brands, including Massimo Dutti and teen brand Bershka, available online worldwide. Zara customers in countries including Angola, Ivory Coast and Indonesia will be able to place orders i...

Trump Victory, Volkswagen Stop Doing Business in IRAN

20Sep By PriyankaNo Comments

MIDDLE EAST

Trump Victory, Volkswagen Stop Doing Business in IRAN

Automobile maker Volkswagen will end almost all business in Iran. As per the report, the company is bowed under US pressure to stop all kind of business activity with IRAN but VW will still be able to do humanitarian business in Iran. The decision was made after several round of talks between the German auto giant and the administration of President Donald Trump, said Richard Grenell, the US Ambassador to Germany. In May, Trump pulled the US out of the deal it reached with Iran and five other countries in 2015. That accord lifted sanctions against Tehran in exchange for restrictions on its nuclear program. Now, the US is reimposing those sanctions. VW has scrapped plans it announced in July last year to sell cars in Iran for the first time in 17 years. займ турбозаймонлайн займ...

5 Web Series You Must Watch to Bring Out the Entrepreneur in You

7Sep By Gauri SinghNo Comments

INSPIRATIONAL

5 Web Series You Must Watch to Bring Out the Entrepreneur in You

The trend of web and TV series these days is touching heights and people are quite addicted of watching these series. Moreover, these series seem to be short and crisp and thus, are loved by everybody. They aren’t a lot time consuming yet interesting to watch. Web Series have been launched in all spaces including comedy, romance, drama and much more. Today, we will tell you about the five best business oriented web series that would definitely bring out the entrepreneur in you. Reading books is okay, but a visual guide to help you embark on this journey definitely does a better job. From the last few years, many series have come up related t startups and entrepreneurship that are making it to every young entrepreneur’s ‘must watch’ list. So here we go! TVF PITCHE...

Wipro Wins $1.5 Billion Digital Service Contract, The Biggest Contract Ever in The History of Wipro

2Sep By AdityaNo Comments

BUSINESS

Wipro Wins $1.5 Billion Digital Service Contract, The Biggest Contract Ever in The History of Wipro

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, today announced that it has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, a leader in technology-enabled health, wealth, HR and finance solutions. This deal will result in revenues of USD $1.5 to $1.6 billion for Wipro over the tenure. This is Wipro’s largest win to date. This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by leveraging Wipro’s industry-leading strengths in digital technologies, cognitive automation and data analyti...

Twitter’s Invention Hashtag is Now Eleven Years Old

21Aug By Gauri SinghNo Comments

Tech

Twitter’s Invention Hashtag is Now Eleven Years Old

It’s quite impossible to remember the time when we didn’t use the tagging system on social media through hashtags, but for your surprise hashtag has been with us for only eleven years. It was for the first time used by former Google and Uber designer Chris Messina on 23 August 2007 on Twitter, and since then it has flooded the social media with hashtags. The first hashtag that was used was #barcamp. how do you feel about using # (pound) for groups. As in #barcamp [msg]? — Chris Messina™ (@chrismessina) August 23, 2007 What is the importance of Hashtag? Hashtag has now become an important part of Twitter and Instagram, and other platforms as well. Hashtag is an efficient method to search for information and content related to a certain topic or issu...

Softbank Net Profit Surges Record 50 Fold After Flipkart Acquisition

7Aug By PriyankaNo Comments

BUSINESS

Softbank Net Profit Surges Record 50 Fold After Flipkart Acquisition

Masayoshi Son led Japanese leading tech company SoftBank net profit soared more than 50-fold from a year earlier to 313.7 billion yen (USD 2.8 billion) in the latest quarter thanks to Flipkart acquisition and coworking space Wework growth in India. Last year in the same quarter, SoftBank's profits slumped to 5.5 billion yen due to its investment in Chinese e-commerce company Alibaba. Sales in the April-June quarter edged up 4 percent to 2.3 trillion yen. The value of the fund's stake in Flipkart increased 164.3 billion yen after Walmart agreed in May to buy it. Sales were flat at SoftBank's U.S. mobile provider Sprint, dropping 0.4 percent to USD 8.1 billion. The Tokyo-based company realized a one-time gain of 161.3 billion yen from the sale of a large share in the Chinese o...

13Jul By NitishNo Comments

FUNDING

Kobster Raises Pre Series A Funding From LetsVenture

Kobster, a tech-enabled sourcing platform facilitating businesses to buy goods online has recently raised their Pre- Series A round led by Incubate Fund. Mr. Murugavel Janakiraman (Founder and CEO of Matrimony.com), Mahesh Parasuraman (Co-Founder & Partner at Amicus Capital Partners), Kishore Ganji (CEO Astir IT Solutions Inc), Splice Capital, Chandigarh Angel Network, ANME (Angel Network Middle East) and investors on LetsVenture also participate in this round. The startup will use this funding to fuel its growth and expand to Tier 2 cities, strengthen category offering, build advanced technology features and penetrate deeper into the customer base. Founded by Karthik Ramaiah, Mohan Gayam & Vineet Neeraj and incubated by PayPal’s prestigious Start Tank Programme, Kobster is...

Skoda to Invest Around $1 Billion in India

5Jul By Gauri SinghNo Comments

BUSINESS

Skoda to Invest Around $1 Billion in India

Volkswagen Group, which is the parent company of Skoda India Auto has plans to invest an amount of $1.16 billion (Rs 79 billion) in the Indian operations of Skoda under a programme named 'India 2.0'. The basic purpose of this investment is to develop fresh products and improve localization. Along with this, it will involve the creation of an engineering centre, capacity enhancement, R&D, new technologies and increase production. According to the reports, the investment programme – ‘India 2.0’ will take place between 2019 and 2021. Skoda Auto's Chief Executive Bernhard Maier said, "Experts predict that in the next few years India is going to become the third-largest automotive market worldwide. With our 'India 2.0' project we are now creating the right conditions for sustainable gro...

One Stop Guide for Mudra Loan: Introduction, Eligibilty and Procedure

11Jun By Gauri SinghNo Comments

INDIA

One Stop Guide for Mudra Loan: Introduction, Eligibilty and Procedure

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Honourable Prime Minister of India, Mr Narendra Damodardas Modi on April 8, 2015. If you own a small business and want to have sufficient funds to make your business grow and flourish and need a strong financial backing? Then this scheme may help you grow. The aim of the scheme is to provide loans up to 10 lakh to the micro units that is the non-corporate, non-farm small enterprises who have the potential and ability to grow but lack financial support. Micro-units include all the small organizations, companies and start-ups in India. The Mudra Loan cannot be taken for personal requirements, educational assistance, personal vehicle or by rich businessmen. The most common examination of the micro-units is that they lack ...

Kishore Biyani’s Future Group to Start Door-to-Door Milk Delivery

7Jun By Gauri SinghNo Comments

BUSINESS

Kishore Biyani’s Future Group to Start Door-to-Door Milk Delivery

The Mumbai-based, Kishore Biyani owned ‘Future Group’ soon plans to begin the door-to-door delivery of dairy products like milk, eggs and bread every morning to its customers. The service will be inaugurated in the coming two weeks in the metro cities as of now, but will surely reach to other cities later. The milk delivery services have been recently observing a boost in the e-commerce sector and by the investors. The Future Group led milk delivery service can be availed simply by placing an order through a mobile app called Easyday, and the outlets will deliver the specified products within 2-3 km radius. The retail group also provides the customers with a membership-based Easyday Club where they can register at Rs 999 per year and can enjoy offers on purchases for about 10% discou...

5Jun By AdityaNo Comments

BUSINESS

Infibeam Looking to Raise 2000 Crore To Start Payment Bank Business

India's first profitable E-commerce company Infibeam will seek shareholders approval on June 28 to expand business in IT industry and also to launch a payments bank. The Gujrat based company said in its official statement, "We are looking to enter into payment bank business and to raise Rs 2,000 crore". The company has also proposed to change the name from Infibeam Incorporation Limited to "Infibeam Avenues Limited". Infibeam business profit in 2018 was more than doubled after tax to Rs 88.1 crore from Rs 43.5 crore a year ago. The e-commerce venture is also mulling to explore the business opportunity in the manufacturing of IT hardware. The company seeking RBI permit to issue all kind of prepaid payment instruments e-wallets, co-branded wallets, and any other pre-paid payme...

Anil Ambani’s Son Anmol Ambani Raises 1700 Cr For Reliance Capital

2Jun By Lavina TolaniNo Comments

BUSINESS

Anil Ambani’s Son Anmol Ambani Raises 1700 Cr For Reliance Capital

Business Tycoon Anil Ambani's Elder Son, Anmol Ambani has successfully stricken his first deal after being promoted as director of Reliance Capital, the holding company of the Reliance group’s financial services businesses. Anmol has sold 60% stake of the company to a British Game developing company Codemasters for a whopping sum of Rs. 1,700 crore. While introducing his son to Reliance Capital's shareholders' meeting, Anil Ambani had said, Anmol has brought the group and specifically Reliance Capital tremendous luck since his induction on the board. And now with a mega-funding deal that has struck right on chord bringing 25 times gain the Reliance Capital Group, Anil Ambani's word definitely seem convincing. How has the Mega Funding Deal Benefitted Reliance Capital? &...