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India, Russia to Set Up $1 Billion Business Fund

18Mar By Press Trust of IndiaNo Comments

News

India, Russia to Set Up $1 Billion Business Fund

India and Russia are setting up a USD 1 billion fund to promote mutual investments in infrastructure and technology projects, Commerce and Industry Minister Nirmala Sitharaman has said. Both the countries would contribute USD 500 million to the fund, Sitharaman said while addressing India-Russia Business Forum at the ongoing International Engineering Sourcing Show (IESS) here yesterday. While the Russian funds would be channeled through Russian Direct Investment Fund (RDIF), Indian contribution will be accrued from National Investment and Infrastructure Fund. Sitharaman elaborated upon other measures being taken by Russia and India to scale up their economic engagement and to boost bilateral trade and investment. As part of these initiatives, the India Russia CEO Forum will hol...

Paytm Goes Global, Launched App For Canadian Bill Payments

17Mar By PriyankaNo Comments

News

Paytm Goes Global, Launched App For Canadian Bill Payments

Not a long ago, in an event of IAMAI, Vijay shekhar, founder of Paytm has said that the day when we launched our app on foreign soil will be the most memorable day of my life. The man of golden touch once again proved his word true and his company launched bill payment app in Canada. The Mayor of Toronto Mr. John Tory visited Paytm Noida headquarters and launched the app. Paytm started Canada operation back in 2014 as a two-member operation team, working out of local libraries but now the Paytm Labs team is a 55 member strong team of Software, Data and Machine Learning engineers who build technologies for the world’s fastest growing mobile payments and commerce ecosystem. Using Paytm bill payment app, Canadians will now be able to pay for their cell phone, cable, internet, electr...

17Mar By NitishNo Comments

INDIA

Following Prime Minister Footsteps, This Indian State Head (CM) Comes Out With His Own Mobile App

Apparently taking a cue from the Prime Minister Narendra Modi, Madhya Pradesh Chief Minister Shivraj Singh Chouhan today launched his own mobile app. Launching `Mobile App Shivraj Singh Chouhan, he said use of technology was crucial for a better administration. "This is an important step in a bid to offer an efficient administration and would prove to be a strong digital medium to connect with the public. This will enable the people to connect (with him) in a short time and they can share their suggestions and problems as well," he said. The app will help in speedy redressal of peoples grievances, Chouhan said. S K Mishra, Principal Secretary, Public Relations, said the app was available for download on Google Playstore. News related to the Chief Minister, his programs, audio a...

McAfee to Ramp Up Investment in India & Add New Jobs

14Mar By NitishNo Comments

News

McAfee to Ramp Up Investment in India & Add New Jobs

IT security firm McAfee is looking at adding more jobs at its centre in Bengaluru and will continue to invest in growing local business in India, a top official said today. Global chipmaker Intel had last September spun out McAfee as a separate company with private equity player TPG owning 51% share in the new entity. The deal is expected to close in the second quarter of 2017. "One of our largest sites around the world is in Bangalore. We continue to invest in that. We are actually adding new functions into the site there," said Intel Security General Manager and SVP Christopher Young. "Under Intel, it was primarily development centre, but now we are adding finance, IT, HR to that site as well to support the new (unit)," he added. While Young declined to comment on investment ...

Decoding World’s First Interoperable Quick Response (QR) Code BharatQR

9Mar By NitishNo Comments

BLOGS

Decoding World’s First Interoperable Quick Response (QR) Code BharatQR

Bharat QR, the world’s first interoperable Quick Response (QR) code acceptance solution, has been developed by Mastercard in collaboration with National Payments Corporation of India (NPCI) and Visa. American Express is also on board to adopt these standards. The payment solution is expected to revolutionize the payments landscape altogether, besides driving greater acceptability and adaptability among the masses with its inherent ease of use and low cost of deployment. We are decoding BharatQR in 6 easy steps for consumers to understand the new payment method:

Google India Announces Launch of SMB Heroes Programme

8Mar By AdityaNo Comments

News

Google India Announces Launch of SMB Heroes Programme

After launching Digital Unlocked, a training programme to help small and medium businesses (SMBs) go digital, Google India today announced the launch of SMB Heroes, a nation-wide programme designed to recognise SMBs that have embraced digital platform to grow their business. A nation-wide programme SMB Heroes will comprise three categories -- Business Innovation through Digital, Impacting Change through Digital and Woman Business Leader, Kevin OKane, Managing Director, Google Marketing Solutions- Asia Pacific, told reporters here. Google today launched Digital Unlocked programme here. Since its launch in January this year, Google has hosted Digital Unlocked workshops in five cities across the country and trained over 4,000 businesses across the offline and online training. Startin...

7Mar By Press Trust of IndiaNo Comments

INDIA

India’s Leading PSU Bank SBI Launches ‘Work from Home’ Facility For Employees

Country's largest lender State Bank of India today launched a new facility to enable its employees to work from home. The Board of the bank has recently approved the 'Work from Home' policy to enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their travelling to work. The lender will be using mobile computing technologies and shall have continuous control over all the enabled devices centrally to manage and secure the data and applications on the mobile devices, the bank said in a statement here today. The use of technology and services shall be monitored through carefully designed MIS and dashboard to enable improvements and refinements, it said. The bank said going forward cross-sell, marketing, CR...

LeEco Says Not Exiting India But Confirms 85% Layoffs

4Mar By PriyankaNo Comments

News

LeEco Says Not Exiting India But Confirms 85% Layoffs

Chinese handset maker LeEco today refuted reports of winding up its India operations but admitted that it has undertaken an "optimisation exercise" in the world's second largest smartphone market. "India is one of the most strategic markets for LeEco and hence no exit plan... (the company) has recalibrated and reimagined its business in India since last year and taken a number of steps to ensure that the scale of operations is in sync with resources," LeEco India said in a statement. Reports said the company has laid off 85 per cent of its staff in India and may shut its operations here. Top executives Atul Jain (COO smart electronics business) and Debashish Ghosh (COO Internet applications, services and content) have also reportedly quit. "As LeEco India transits to a more...

2Mar By NitishNo Comments

INDIA

Soon, Aadhaar Will Be Mandatory For Booking Indian Train Tickets Online

The Railways will soon move towards Aadhaar-based online ticketing system to prevent touts from blocking a bulk of tickets, end fraudulent bookings and curb cases of impersonation. Aadhaar number has been made mandatory for senior citizens to avail concessions in train tickets from April 1. A three-month trial run for this is going on. As per the new business plan 2017-18, unveiled by Railway Minister Suresh Prabhu today, besides the Aadhaar-based ticketing system, the Railways will move towards cashless ticketing system by installing 6,000 point-of-sale machines and 1,000 automatic ticket vending machines across the country. An integrated ticketing app will also be launched by May to promote cashless transaction. "Aadhaar number will be required for one-time registration at the I...

Forget 4G, Now 5G technology Adoption to Begin in India This year

1Mar By NitishNo Comments

News

Forget 4G, Now 5G technology Adoption to Begin in India This year

Indian telecom operators will start adopting 5G technology, which in present form can deliver up to 1000 mbps download speed, from this year, Huawei India CEO Jay Chen said today. "I can tell you massive MIMO (Multiple In Multiple Out) technology (part of 5G technology) will go to India this year. We have had discussions with leading telecom operators who are interested and right now it is only available with Huawei for commercial deployment," Chen told Pixr8 in an interview. He added that a wide-scale commercial deployment of 5G is expected to start in India in the next three years. "We even discussed 5G solution for business to business, business to consumer and business to home services with Bharti Airtel Chairman Sunil Bharti Mittal. He was very impressed with it," Chen said. ...

San Francisco University Lays Off Its IT Workers, Outsourced Their Work To India

1Mar By reutersNo Comments

News, USA

San Francisco University Lays Off Its IT Workers, Outsourced Their Work To India

San Francisco: The University of California, San Francisco on Tuesday laid off 49 information technology (IT) employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The university announced the plan last July as a way to save $30 million over five years. The University of California system, which includes health care and research-focused UCSF, has been struggling to raise revenue and cut expenses. Globalization and outsourcing have become hot-button political issues in the United States, as more employers cut costs by farming out work to low-cost workers in far-flung parts of the world. President Donald Trump campaigned on promises to restore lost U.S. jobs and to penalize companies that move fact...

2017 to Be a Better Year For Indian Startups: Qualcomm Ventures

27Feb By AnkitaNo Comments

News

2017 to Be a Better Year For Indian Startups: Qualcomm Ventures

Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies. "2016 was the hardest year, and that is behind us. 2017 will be a better year. There was a crunch in investment dollars, especially Series C and Series D investments," Varsha Tagare, senior director, Qualcomm Ventures India told Pixr8. "Funding in early stage is not gone down, but there is more selective funding. What is needed is more well-defined companies after the early stage," she said. The USD 150 million fund will be our only funding vehicle for the venture firm, she said. She pointed out that the ecosystem in India is quite mature, as there are several ...