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Digital India Can Be a Major Driver of The India’s Growth – Arogyaswami Paulraj

13Jun By AnkitaNo Comments

Entrepreneurs Talk

Digital India Can Be a Major Driver of The India’s Growth – Arogyaswami Paulraj

Indian American inventor Arogyaswami Paulraj, known for his contribution to faster wireless connectivity popularly known as MIMO, the core technology used in all modern wireless networks, said digital India can be a major driver of the country's growth story if executed in the right manner. He also said that Make in India is "a good slogan" but "it is a long way from a good slogan to execution". "Digitisation of the country at every level will help and particularly with Adhaar, we can do a lot more. We really need to improve broadband access in India, which will be part of digital India campaign and the way to do it is through wireless and the way to wireless is largely through wi-fi as the access is cheaper," Arogyaswami Paulraj said. MIMO is a core technology used in all modern ...

12Jun By Press Trust of IndiaNo Comments

News

Wildcraft to Invest Rs 300 Cr By 2020, Eyes Rs 1,000 Cr Sales

Outdoor products firm Wildcraft is investing Rs 300 crore to strengthen its network and fund overseas expansion as it targets an over twofold jump in sales to Rs 1,000 crore in the next three to four years. The Bengaluru-based firm, which is looking to have 500 exclusive brand stores (EBOs) in India by 2020, up from 140 at present, and double number of points of sales to up to 8,000, eyes to enhance presence in the Middle East, South East Asia and in neighbouring countries like Sri Lanka and Nepal. "Our aim is to have a sales of Rs 1,000 crore in the next three to four years. We did around Rs 300 crore last year and we are looking at doing Rs 400-450 crore this year," Wildcraft co-founder Gaurav Dublish said. In order to achieve the target, he said the company is focussing o...

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 ...

8Jun By AdityaNo Comments

FUNDING

UK Based Koovs Raises 30 Cr Funding From HT Media

UK-based online fashion player Koovs plc today announced raising 3.3 million pounds (over Rs 30 crore) from HT Media Ltd and Dragon Asia Holdings Pte Ltd to fund its marketing and brand building activities in India. Koovs said it has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2 per cent stake in the enlarged issued share capital of the fashion portal. Similarly, the company issued 12 lakh new ordinary shares at a price of 25 pence per share to Dragon Asia Holdings Pte Ltd taking total holding in it to 19.2 per cent. "This investment shows further momentum in our Capital Raising and supports our focus on marketing in order to accelerate brand awareness and sales growth for Koovs in India. Our ambition remains t...

8Jun By PriyankaNo Comments

News

Amazon Will Invest $5 Billion in India

Amazon will invest an additional USD 3 billion in its India operations to take its investment in the country to over USD 5 billion, the American e-commerce giants founder and CEO Jeff Bezos said today. Bezos said this at an event here attended by Prime Minister Narendra Modi. "Amazon will invest USD 3 billion more in India. This is in addition to the USD 2 billion announced in 2014," Bezos said at the annual gala of US India Business Council (USIBC). "We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy," Bezos said. "Our Amazon.in team is surpassing even our most ambitious planned milestones...," Bezos said after receiving USIBCs Global Leadership Awards. Star India, a subsidiary of 21st Century Fox, also said it will in...

Micromax Said Will Earn Money In India and Burn Money in China

4Jun By AnkitaNo Comments

BUSINESS

Micromax Said Will Earn Money In India and Burn Money in China

India’s home-grown mobile phone giant Micromax is looking east. Micromax Informatics has successfully seen off Chinese rivals on its home turf, which is now being hailed as the world’s most important smartphone market. But to realize its lofty ambition to be a top five global handset maker by 2020 the Gurgaon-based company will also need to sell in China. That’s exactly what Micromax plans to do, Co-Founder Vikas Jain revealed during an on-stage conversation at the RISE conference in Hong Kong. India’s smartphone market is rapidly catching up with its larger neighbour. Shipments grew 135 percent in the two years until December, five times the rate of growth in China, according to data from IDC. Micromax, which churns out over 30 new handset models a year and also makes tablets and tel...

IIM-A Offer e-learning To Deliver Management Education Through Distance Learning

2Jun By NitishNo Comments

News

IIM-A Offer e-learning To Deliver Management Education Through Distance Learning

Indian Institute of Management, Ahmedabad (IIM-A) will launch e-learning programmes to deliver management education through distance learning. The institute will launch several programmes in the coming months in collaboration with NIIT Ltd and Hughes Education, companies that provide online learning services, the leading business school said in a statement here. The institute has signed agreements with both the companies to deliver management education content using electronic mode in the form of synchronous studio-to-classroom programmes. "Management education is going through dramatic changes, especially with regard to infusion of technology challenging the traditional content delivery model," it said. "IIM-A is set to launch several e-learning programmes over the next fe...

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

1Jun By NitishNo Comments

INDIA

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

Telangana government today said it may set up an outpost of T-Hub, its technological incubator, in Silicon Valley, United States. According to an official release, state IT Minister K T Rama Rao, who is currently touring the North American country along with some of the senior officials, today addressed a convention of investors and IT professionals. "We are going to set up T-Hub outpost (extension centre) in Silicon Valley. We need support and cooperation from TiE ( a Global net work of entrepreneurs) and investors from Silicon Valley," the minister said. T-Hub is a unique public/private partnership between the Telangana government, three of country's premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. KTR further said besides IT, India provides ab...

31May By Press Trust of IndiaNo Comments

INDIA

Indian Government New Mobile App Give Access to over 1,000 Government Services

Government is working on a mobile app which will give access to over 1,000 services from Centre and state governments and would be launched by December 2016, Telecom Minister Ravi Shankar Prasad said today. "We are going to launch a common mobile. In this app we will give services of central government, state government and local bodies. On a click of button people will be able scan 1000 services of government. We will start it in December with National student scholarships, women safety and health care," Prasad said. Umang (Unified Mobile App for New Age Governance) will be available in 12 Indian languages in addition to English. Prasad said that with help of technology the government is improving governance in the country. "A former prime minister of India has said that...

India is Celebrating It’s Own Tech Innovation: Satya Nadella, Microsoft CEO

30May By NitishNo Comments

Entrepreneurs Talk

India is Celebrating It’s Own Tech Innovation: Satya Nadella, Microsoft CEO

India-born CEO of Microsoft Satya Nadella today said developers and entrepreneurs from India are playing a key role in driving innovation both in the country and outside and the company wants to be the platform for creators here. Nadella, on a one-day trip to India, today met Communications and IT Minister Ravi Shankar Prasad as well as student developers and entrepreneurs this morning. He is scheduled to call on Prime Minister Narendra Modi later in the day. "Its so inspiring for me to come here to see this broad spectrum of student developers, entrepreneurs, artists and even some big brands, e-commerce companies who are all changing the landscape of India and thereby, the world," Nadella said while delivering keynote address at Microsofts Tech For Good, Ideas for India event. ...

Extend Tax Holiday For Startups From 3 yrs to 7 yrs: Nirmala Sitharaman to FinMin

30May By Press Trust of IndiaNo Comments

INDIA

Extend Tax Holiday For Startups From 3 yrs to 7 yrs: Nirmala Sitharaman to FinMin

The Finance Ministry should consider raising tax holiday for startups to 7 years from the current 3 years to encourage budding entrepreneurs, Commerce and Industry Minister Nirmala Sitharaman today said. Nirmala Sitharaman said lots of inputs from startups have been received and "recommendations have gone to the Finance Ministry for extending the 3-year tax holiday to 7 years". "We shall pursue it and there shall now be lots more interactions with them," she told reporters while briefing them on the initiatives taken by her ministry during the last two years. The minister said she would visit different co-work spaces of these new age companies to see the ground picture and infuse fresh energy. Several startups have pitched for increasing the tax holiday period from the ...

Facebook Report or Agenda? $1 trillion Extra GDP By 2020 if All Indians Get Online

30May By NitishNo Comments

News

Facebook Report or Agenda? $1 trillion Extra GDP By 2020 if All Indians Get Online

IANS- Four of five Indians could afford the internet if data costs fell by 66 percent, according to a Facebook-commissioned report on Internet access. But Indian telecom operators already run data services at a 11 percent loss, making cost-cutting difficult. The statistics mean that a data plan currently priced at Rs.100 should not cost more than Rs.34 if India has to make the internet affordable for 80 percent of its population. But the adverse economics imply this cannot happen without intervention from the government - whose Rs.20,000 crore ($2.9 billion) plan to connect each of India's 250,000 panchayats with broadband by 2018 is three years behind schedule. The internet reached 29 per cent of Indians - 354 million users - in September 2015, IndiaSpend reported. It could rise ...