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Verizon to Announce $5 Billion Deal to Buy Yahoo on Monday

25Jul By reutersNo Comments

ACQUISITION

Verizon to Announce $5 Billion Deal to Buy Yahoo on Monday

Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion (roughly Rs. 33,604 crores), according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February. Yahoo and Verizon both declined to comment. Reuters reported on Friday that Verizon had emerged as the front-runner in the Yahoo auction. The transaction would boost Verizon's AOL Internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well as other assets such as search, mail, messenger and r...

7Jul By AnkitaNo Comments

News

GoDaddy Bets on Regional Languages For India Growth

US-based web hosting firm GoDaddy today said it will make its services available in three Indian languages -- Hindi, Marathi and Tamil -- to enable over 31 million small businesses (SMBs) to build their online presence. The NYSE-listed firm currently offers internet domain registration and web hosting services in the country in English. "India has 22 official languages and over 1,500 dialects. So, local languages certainly play a significant role," GoDaddy India and Australia Vice President and Managing Director Rajiv Sodhi said. The next wave of growth in internet usage is expected to come from tier II and III towns and with that millions of small businesses will also come online and leverage technology to drive business growth, he added. "Our strategy is led by a vision to develo...

Shahrukh Khan Branded DDecor Launched App and Website, Invested Rs 25 Cr

3Jul By AdityaNo Comments

News

Shahrukh Khan Branded DDecor Launched App and Website, Invested Rs 25 Cr

Home decor and furnishing company DDecor has invested Rs 25 crore in digital integration of its business and retail operations, and expects to increase its market share by 10 per cent in the next five years, a senior company executive said. "We have unveiled a digital product for sellers that will cover 1,000 sales points through the newly launched D-Assist platform. We will extend the digital platform for our designers and architects, and customers by August this year," Ajay Arora, Managing Director of DDecor Home Fabrics said. "We expect to increase our marketshare to 40 per cent from the present 30 per cent in the next five years through this initiative, which will also help us expand our markets," he added. The company has invested Rs 25 crore in the exercise of digitally integrating...

1Jul By NitishNo Comments

INDIA

HCL Infosystems Delivered First Made in India Communication Network For Indian Armed Force

HCL Infosystems, one of India's premier IT services, distribution and digital solutions company, has enabled the design, development and deployment of Defence Communication Network (DCN) - the first tri-service communication and IT network of the Armed Forces. The network has been fully designed and developed in India. The DCN was today dedicated to the nation by Shri Manohar Parrikar, the Hon'ble Raksha Mantri, Government of India. Speaking on the occasion, Mr. Premkumar Seshadri, Executive Vice-chairman and Managing Director, HCL Infosystems Ltd. said, "This is a moment of great honour for us. HCL Infosystems is proud to design, develop and deploy the first ever converged tri-service communication and IT network for the Indian Defence Forces. The network has been entirely designed and d...

India’s Biggest Online Healthcare Platform Practo Expand Overseas

12Jun By AnkitaNo Comments

News

India’s Biggest Online Healthcare Platform Practo Expand Overseas

Digital healthcare platform Practo is intensifying expansion in key markets, including Southeast Asia, Latin America, the Middle East and eastern Europe besides adding 65 new cities in India during 2016. The Bengaluru-based firm claims it manages over 40 million appointments across 35 cities in India and in countries such as Singapore, Indonesia, Philippines, and Brazil. The company is present in over 50 cities in 15 countries around the world. "We plan to expand our footprint from 35 to 100 cities in India, while internationally expanding further across South East Asia, Latin America, Middle East and Eastern Europe," Practo Founder & CEO Shashank ND said. Elaborating on the companys plans, he said "We will expand further into our existing international markets by covering ...