India | Pixr8 News

25Jan By AnkitaNo Comments

INDIA

Apple Ready With Blueprint For Manufacturing Unit in India

Apple Inc today indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India, but wants fiscal concessions, including Customs duty waiver on import of components. Apple executives made a detailed presentation on its road map for setting up a manufacturing unit in India to an inter-ministerial group headed by Department of Industrial Policy and Promotion Secretary Ramesh Abhishek, sources privy to the development said. The presentation was made by senior executives of the company, including Global Vice-President (iPhone operations) Priya Balasubramanian. It cited the country's business friendly ecosystem for keenness to start local manufacturing. With sales tapering in the US and China, Apple is eyeing India the fastest growing smartphone marke...

Wipro Limited Announce Retirement of Executive Vice Chairman TK Kurien

25Jan By NitishNo Comments

News

Wipro Limited Announce Retirement of Executive Vice Chairman TK Kurien

Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that TK Kurien, Executive Vice Chairman & Member of the Board will retire on January 31, 2017 after completing a distinguished career with the company. Azim Premji, Chairman, Wipro Limited said, “TK has been an integral part of the organization’s leadership for years. He has played a vital role in building and scaling many of Wipro’s successful businesses besides spearheading our transformation into a future ready organization. TK has long been a powerful voice in championing and espousing the cause of the industry in various fora around the world. I thank him and his family for his immense contribution to Wipro and wish him the very best for the next phase of h...

Alibaba Led UCWeb to Invest Rs 200 Cr in India

20Jan By NitishNo Comments

BUSINESS, CHINA

Alibaba Led UCWeb to Invest Rs 200 Cr in India

Alibaba Mobile Business Group firm UCWeb plans to invest Rs 200 crore in India and Indonesia over the next two years to push distribution of user generated content through its UC News platform. "We will invest Rs 200 crore over the period of 2 years in India and Indonesia to push user generated content like blogs, short videos, non conventional news feeds. Around 60 percent of it (Rs 120 crore) will be invested in India," Kenny Ye, General Manager, Overseas Business for Alibaba Mobile Business Group told Pixr8. He said that the earmarked investment does not include hiring and other business expenditure but will focus only on content generation and distribution. "We will provide people with We Media platform where anyone can register and start publishing content. We are seeing huge...

Amazon Told to Respect Indian Sensitivities: MEA

19Jan By Press Trust of IndiaNo Comments

News

Amazon Told to Respect Indian Sensitivities: MEA

After the Indian flag incident, e-commerce retailer Amazon has been conveyed that while providing a platform for third party vendors, they should respect Indian sensitivities and sentiments, the External Affairs Ministry said today. MEA Spokesperson Vikas Swarup also said Amazon has also removed "offending items" like flip-flops and dog tags with Mahatma Gandhi's image. "Our Ambassador in Washington had been instructed to convey to Amazon that while providing a platform for third party vendors, they should respect Indian sensitivities and sentiments. We have been in touch with Amazon both in Washington as well as in Delhi and we have had constructive conversations," he said. Asked about sale of flip-flops and dog tags with Mahatma Gandhi's image on Amazon website, he added, "I am ...

19Jan By NitishNo Comments

BUSINESS

Droom Expects Rs 75 Cr Revenue in FY’17

Droom, an online marketplace for automobiles, expects to close this fiscal with a revenue of Rs 75 crore on the back of strong sales on its platform for both new and used cars. Droom is expected to touch net annual revenues of Rs 60-75 crore by March 2017 with an annualised GMV in the range of INR 2,500-3,000 crore, Droom said in a statement. Droom is eyeing net annual revenues of Rs 125-150 crore by December 2017, it added. "The company is targeting annualised GMV of INR 4,500-5,000 crore and net annual revenues of Rs 125-150 crore by December 2017, as it ramps up its operations to firmly consolidate its position as the best brand in the Indian online automobile market space," it said. It added that orders placed through the platform grew from 8,232 units in 2015 to 49,974 uni...

Tata Led Starbucks Launched Teavana Speciality Teas

19Jan By AdityaNo Comments

News

Tata Led Starbucks Launched Teavana Speciality Teas

Global coffeehouse chain Starbucks introduced tea as a core offering in 88 stores in the country under the brand Teavana. "We had nine teas on offer and are doubling that with the launch of Teavana speciality teas. We are looking at attracting newer customers with our focus on tea, and are looking to double tea sales at our Starbucks stores," Sumitro Ghosh, CEO of Tata Starbucks, told Pixr8. Last year, Starbucks Chairman and CEO Howard Schultz described India as a "major business opportunity" during his visit here and announced the introduction of speciality teas in the country in 2017. In June last, Starbucks announced several joint initiatives in the country along with its joint venture partner Tata Sons, including expanding the market of Himalayan Mineral Water, and providing j...

14 Billion Messages Sent on WhatsApp in India

8Jan By PriyankaNo Comments

News

14 Billion Messages Sent on WhatsApp in India

New Year's eve saw a whopping 14 billion messages being sent on WhatsApp in India as more people opted to send season's greetings through the instant messaging platform than traditional routes like SMS and greeting cards. India is the largest market for the Facebook-owned company, accounting for about 160 million of its over 1 billion users. According to data shared by WhatsApp, 14 billion messages were sent on December 31, 2016 alone, an all-time high from India. With telecom operators charging a premium for SMS on occasions like New Year and Diwali, WhatsApp has been gaining popularity as an alternative as it is available free for users (apart from data charges). The traffic on the last day of 2016 was higher than WhatsApp's last record of 8 billion messages in one day on Diwali ...

7Jan By NitishNo Comments

INDIA

Indian Government Launch Exclusive Scheme For Women Entrepreneurs

The Indian Government would shortly launch an exclusive scheme for women entrepreneurs, a senior official in the Ministry of Micro, Small and Medium Enterprises (MSME) said today. "It will be an exclusive scheme for women entrepreneurs. We have not yet finalised the contours (of the scheme). Hopefully, we will launch it before the end of the financial year," B H Anil Kumar, a Joint Secretary in the Ministry, told reporters here. Earlier, he launched myloanassocham.com, a portal, industry body ASSOCHAM said, that provides MSMEs online access to funds at an affordable rate from a mix of banks and financial institutions. Kumar said the figures that the MSME sector contributes 8 percent to the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports are b...

5Jan By PriyankaNo Comments

INDIA

Indian Software Company Launched Toll Free Helpline For GST Related Queries

Software development company KDK Softwares has launched a national toll-free helpline service for resolving GST-related queries. The toll-free helpline number (1800 103 9271) will be available in six languages like English, Hindi, Gujarati, Marathi, Kannada and Malayalam. The helpline service was inaugurated by Rajeev Swarup, Principal Secretary, Small Industries, government of Rajasthan. "As the GST will be rolled out soon, small industries will be looking for helping hands on transition from multiple taxes and filing of returns with separate departments (VAT) to one tax (GST). Unlike the existing return processes, GST requires to be filed every month by businessmen which will make it easier once the 'hands on' processes are set," Swarup said at the launch. "The helpline is a ...

31Dec By Press Trust of IndiaNo Comments

INDIA, News

Apple to Make iPhones in Bengaluru

Apple is all set to start manufacturing its iconic iPhones in India at Bengaluru, as part of efforts to cash in on the world's second largest smartphone market in a big way. Local manufacturing is expected to help Apple price its phones more competitively in India as it currently attracts 12.5 percent additional duty on imports. The phones would be manufactured by Wistron, a Taiwanese OEM maker for Apple, according to top government sources. "Wistron has plans for setting up iPhone manufacturing plant for domestic market in Peenya," top government sources familiar with the developments told Pixr8. Another senior government official said Bengaluru has the talent required for quality high technology products and that was the reason for selecting the city. The official added that Foxcon...

Rs 2000 Cr Cisco Scam: BSNL to Look Into Allegations of Irregularity in Tender

29Dec By Press Trust of IndiaNo Comments

INDIA

Rs 2000 Cr Cisco Scam: BSNL to Look Into Allegations of Irregularity in Tender

State-owned Bharat Sanchar Nigam Ltd (BSNL) today said it will look into allegations of irregularity in award of network equipment tender to US tech giant Cisco in 2014. Reports said BSNL tender norms for procuring IP-MPLS equipment for the Network for Spectrum (NFS) project were allegedly tweaked to so that the Rs 2,000 crore contract went to US giant. "Prima facie there is no substance to the allegations, but since the reports have come we will look into the matter once again. In the past also, these things have come up before I joined, and a proper reply on the subject has been given," BSNL CMD Anupam Shrivastava told. Cisco, in an emailed statement, said the company does not comment on customer relationships or internal processes. "Cisco strives to maintain high standards of et...

TrademarKing.in Launched India’s First Automated Trademark Monitoring Platform

29Dec By NitishNo Comments

News

TrademarKing.in Launched India’s First Automated Trademark Monitoring Platform

TrademarKing.in, India’s leading trademark search engine has announced the launch of India’s first automated trademark monitoring platform. Established business owners, manufacturers and new startups can register to this service for cost-free until 31st January 2017 to monitor their brand names. The trademark monitoring service is first of its kind in India, business owners can leverage maximum benefit to protect their brands through this platform. The aim of this free launch by trademarKing.in is to create awareness about the importance of trademarks. One of the initiative by Make in India policy is to protect Intellectual Property Rights, this monitoring platform by trademarKing.in will be an unprecedented move to safeguard the trademark rights of business proprietors. “Many entiti...