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NetApp Launches NetApp Accelerator in India

8Jun By PriyankaNo Comments

News

NetApp Launches NetApp Accelerator in India

NetApp today announced launch of NetApp Accelerator programme, the company's first startup accelerator here, which will provide startups with access to productivity tools and networking opportunities with potential investors. The programme will provide an equity-free grant of USD 15,000 to these startups on completion of the programme, NetApp India Senior Vice President and Managing Director Deepak Visweswaraiah said in a statement here. "What is more is that the startups can own their IP (Intellectual Property) and NetApp would not seek a stake in the same," he added. The programme will provide startups with access to collaboration and productivity tools, co-working space out of the company?s global centre of excellence in Bengaluru as well as networking opportunities wit...

8Jun By Press Trust of IndiaNo Comments

INDIA

Indian Banks to start charging for P2P payments on UPI

Nearly two years after operationalisation of the Unified Payment Interface (UPI), banks have started moving to charge for peer-to-peer payments on the new platform. Countrys largest lender State Bank of India has came out with charges with effect from June 1, while the second largest private sector lender HDFC Bank has also gone public with its rate structure which will be effective July 10. "So far, no bank is charging for UPI transactions but at the same time it is at their discretion to levy a reasonable fee towards Person to Person (P2P) transactions for UPI and IMPS," National Payments Corporation of Indias chief operating officer Dilip Asbe said in a statement. A senior NPCI official explained that worldover, charges are levied for such transactions and added that in case of...

7Jun By Ankita SinghNo Comments

News

Flipkart Announces Hackathon to Deal With Bengaluru Traffic Problem

E-commerce major Flipkart today announced a hackathon to crowdsource "innovative", "implementable" solutions from the tech community and concerned citizens, that could help ease the cities perennial traffic problem. Termed "Gridlock Hackathon," the initiative marks the start of the "Month of Innovation" at Flipkart, a part of its 10th year anniversary celebrations, the company said. The contest will run from June 7, 2017 until June 21, 2017 and is open for technology-centric solutions, as well as those that partially leverage technology through out-of-the-box thinking, it said in a release. "The idea is to give back in some way to the city we all love, and ensure it retains the vibrant ecosystem that has been a major catalyst in the growth story of Flipkart and so many other ...

Trai Launches MyCall App For Subscribers to Rate Call Quality

6Jun By Press Trust of IndiaNo Comments

INDIA

Trai Launches MyCall App For Subscribers to Rate Call Quality

The telecom regulator Trai today launched a new app that would enable subscribers to rate the quality of a phone call. The new MyCall app, along with updated and enhanced versions of MySpeed app and Do Not Disturb app are amongst a slew of web initiatives unveiled by the Telecom Regulatory Authority of India (Trai) today. "As the mobile subscriber base increases, it is important that we continue to get feedback from the customers. The MyCall app will enable mobile phone users to rate their experience about call quality and help Trai gather data on a real time basis," Trai chairman RS Sharma said. After a call ends, the Android app allows users to select their rating and indicate whether the call was made indoor, outdoor or while travelling. Subscribers can also provide addition...

2Jun By PriyankaNo Comments

INDIA

Indian State Telangana launches Its Own e-wallet

One of India's leading technology based developed state Telangana has launched country's first official state e-wallet called T-wallet. The newly launched e-wallet offers any digital payments with in the state with no additional charge for the citizens. The Microsoft Accelerator alum startup Transaction Analysts has partnered with Telangana to develop T-Wallet which uses two factor authentications, through Aadhaar+Biometric or Aadhaar+OTP to Aadhaar linked mobile number, for feature and no phone users. Using this platform, citizens not only can make payments to government and private organisations towards various services but also receive the benefits from government like pensions, scholarships and MGNREGS wages. Unique Identification Authority of India (UIDAI) chairman J. Saty...

Now Link Your Aadhaar Number With PAN using SMS

31May By Press Trust of IndiaNo Comments

INDIA

Now Link Your Aadhaar Number With PAN using SMS

The Income Tax Department today urged taxpayers to link their Aadhaar with their Permanent Account Number (PAN), using an SMS-based facility. The department issued advertisements in leading national dailies and described how both the unique identity numbers of an individual can be linked by sending an SMS to either 567678 or 56161. It said people can also visit the official e-filing website of the department to link the two identities, in both the cases of having identical names in the two databases or in case where there is a minor mismatch. The advertisement said linking the two numbers is the key to "seamlessly avail online, a world of income tax facilities." "Aadhaar can also be seeded into PAN database by quoting Aadhaar in PAN application form for new PAN allotment or by ...

Uber Will Hire Indian Techies For Its Engineering Center

31May By PriyankaNo Comments

News

Uber Will Hire Indian Techies For Its Engineering Center

US-based cab aggregator Uber is hiring more techies for its engineering centres in the country as it looks to roll out more innovations from India in areas like payments, bookings and rider and driver experience. The company is also in discussion with National Payments Corporation of India (NPCI) to enable customers pay for rides using UPI. "We are hiring rapidly. We are looking for product managers, data scientists, designers etc," Uber India Head of Engineering Apurva Dalal told reporters here. Uber has two engineering centres in India in Bengaluru and Hyderabad. The teams work on areas like safety, payments, driver growth, maps, vehicle telematics and rider experience, among others. It currently has about 100 people in these two centres. Dalal, however, did not comment on ho...

India Online Education Market Will Worth Around $1.96 Billion By 2021: Google-KPMG Report

31May By PriyankaNo Comments

ANALYSIS

India Online Education Market Will Worth Around $1.96 Billion By 2021: Google-KPMG Report

The online education industry in India is poised to grow eight times to become a USD 1.96 billion industry by 2021 as an increasing number of students consume content through e-routes. According to a report by Google and KPMG, the paid user base is also forecast to grow 6X from 1.6 million users in 2016 to 9.6 million users in 2021. The report titled Online Education in India: 2021 is based on market research and insights from Google search. It found that over the last two years, there has been a 2X growth in online searches for education and a 3X increase in searches made from a mobile device. About 44 per cent of education-related searches came from beyond the top six metros. Also, there has been a 4X growth in education content consumption on YouTube in the last one year, th...

Indian Government in Talks With SoftBank For Funding 2 Lakh e-Buses

27May By Press Trust of IndiaNo Comments

News

Indian Government in Talks With SoftBank For Funding 2 Lakh e-Buses

To promote electric vehicles on a mass scale, the government is holding initial talks with Japanese investment firm SoftBank for low interest funding of 2 lakh electric buses for public transport, Union Minister Nitin Gadkari said here today. India wants to cut down on a ballooning Rs 7 lakh crore crude import bill, the minister said, adding electric buses and vehicles along with ethanol and other green fuel could be the solution. "Promoting electric vehicles is priority of our government. We want electric buses, autorickshaws and other vehicles to ply in the country. We are engaged in initial talks with SoftBank for loans at low interest rate for a green project. We want to introduce 2 lakh electric buses for public transport," Road Transport and Highways Minister Gadkari said. ...

Asus Aims 5% Share in Indian Smartphone Market

25May By AnkitaNo Comments

Tech

Asus Aims 5% Share in Indian Smartphone Market

Taiwanese handset maker Asus today said it is looking to achieve 5 per cent share in the countrys smartphone market. "Our first milestone is to achieve 5 per cent share in the smartphone market. From our side we are pushing all the measures to achieve it...," Dinesh Sharma, Director ? Mobile Product Centre for ASUS India, said after launching 4G enabled Zenfone Live for Rs 9,999 a unit. Sharma, however, did not disclose any fix timeline for achieving the 5 per cent market share target. He said the company sells handsets in almost all price segments starting from Rs 7,000 and going up to Rs 60,000. "We have products available which meet the need of customers in that segment. We want to get in hearts and minds of Indian consumers. Given the intensity of competition, our growth ha...

US Based Ebix Acquire 80% Stake in India Based Digital Payment Startup Itzcash For 800 Crores

25May By AdityaNo Comments

ACQUISITION

US Based Ebix Acquire 80% Stake in India Based Digital Payment Startup Itzcash For 800 Crores

US headquartered Ebix today said it has invested about Rs 800 crore to acquire 80 per cent stake in payment solutions exchange ItzCash. Ebix is an international supplier of on-demand software and e-commerce services to the insurance, financial, e- governance and healthcare industries. Founded in 2006, ItzCash is Indias leading digital payments firm, the company has since expanded verticals such as remittances, financial services, corporate solutions, PoS and payment gateway. With the new investment by Ebix, the company is looking to foray into areas such as credit, insurance, healthcare and investments to accelerate growth momentum going forward, a release said. "We are big believers in the power of exchanges and thus have been keen to take an early position in India in terms o...

25May By reutersNo Comments

INDIA

India Scraps Foreign Investment Advisory Body

India on Wednesday scrapped a ministerial panel responsible for coordinating foreign investments, part of reforms that Prime Minister Narendra Modi is implementing to boost funding of local industries from overseas. Set up soon after India embarked on its first market reforms in 1991, the Foreign Investment Promotion Board (FIPB) was tasked with approving foreign investments proposals. Its decisions often become bogged down in infighting between government ministries, leading to delays in investment projects. Finance Minister Arun Jaitley said the cabinet had agreed to abolish the FIPB, in line with a budget pledge he made in February. Foreign investments would in future be cleared by individual ministries. Since taking office in 2014, Modi has gradually eased restrictions for ...