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Chinas Tiens Group to Enter Indian E-commerce Market

22May By Press Trust of IndiaNo Comments

News

Chinas Tiens Group to Enter Indian E-commerce Market

China Tiens Group plans to foray into the fast growing Indian e-commerce market to take on the likes of Flipkart and Amazon as the firm plans to set up its marketplace by the second half of the year. The group also plans to expand direct selling business in the country and expand user base to one crore over the next five years. "We plan to sell 3,000 products from the online shopping platform, which would be ready in the second half of the year. Indian customers will be able to buy products from different countries on the platform," Tiens South Asia Region President Kevin Hou told PTI. The Indian e-commerce market is estimated to touch USD 119 billion (Rs 8 lakh crore) by 2020. In March, the government allowed 100 per cent foreign direct investment (FDI) in online retail of goods an...

Apples Cook Meets PM Modi, Concluded a Four Day Trip to India

21May By AnkitaNo Comments

News

Apples Cook Meets PM Modi, Concluded a Four Day Trip to India

On last day of his maiden trip to India, Apple CEO met PM Modi on Saturday. Showing interest in making Apple products in India, the global technology giants chief Tim Cook discussed with Prime Minister Narendra Modi the "possibilities of manufacturing" and tapping the young talent pool in the country. On his maiden visit to India, the Apple CEO also discussed with Modi issues regarding cyber-security and data encryption. "Cook shared Apple Incs future plans for India. He spoke of the possibilities of manufacturing and retailing in India. He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap," an official statement said. The head of the US-based Apple, which makes iconic iPhones and Mac computers, has al...

Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

18May By AdityaNo Comments

News

Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India's iOS developer community. Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India's startup scene. Tens of thousands of developers in India make apps for iOS, the world's most powerful mobile operating system and the foundation for iPhone, iPad and iPod touch. This initiative will provide additional, specialised support for them. Apple's team will work to inspire and instruct developers on best practices, help them hone their skills and transform the design, quality and performance of their apps on the iOS platform. "India is home to one of the most vibrant and e...

17May By Press Trust of IndiaNo Comments

INDIA

Delhi Govt Launches App For Traders

In order to ensure ease of doing business in the national capital, Delhi government today launched a mobile app for traders to register under the Trade and Taxes Department under which there will be no need for verification of their business premises. The Trade and Taxes Department of the government today issued a circular introducing a new facility for the city traders in the capital. Traders can register themselves with the department through the mobile app DVATMsewa -- giving basic information like name, Aadhaar number, date of birth, mobile number and residential address. The app can be downloaded from Google Play Store. "Traders, whose annual turnover is more than Rs 20 lakh, can register themselves with trade and taxes department through the mobile app without any verifi...

Tatas E-commerce Platform CliQ to Go Live on May 27

17May By PriyankaNo Comments

News

Tatas E-commerce Platform CliQ to Go Live on May 27

Tata Unistore, a Tata group business venture, today announced that its e-commerce platform, Tata CLiQ, will open to consumers from May 27 across its website, mobile site and mobile apps. At the launch, Tata CLiQ will offer consumers a new shopping experience in apparel, electronics and footwear categories. Over the next few months, the plan is to expand the offering by adding many more categories, brands and exciting features, Tata Unistore said in a statement here. Over the past few years, e-commerce in India has been growing at a faster rate than brick-and-mortar retail. Ads by ZINC. According to a Goldman Sachs report released last year, the e-commerce market will account for 2.5 per cent of India's gross domestic product by 2030, growing 15 times and reaching USD 300 billion....

Prasar Bharati to Auction Prime Time Slots on DD

17May By Press Trust of IndiaNo Comments

INDIA

Prasar Bharati to Auction Prime Time Slots on DD

Public Broadcaster Prasar Bharati has decided to auction prime time slots, between 7-11 pm, on its national channel as per a new policy under which the producers will provide content in return for a share in the advertising revenue. The modalities of the new 'slot sale' policy were discussed in a meeting of Prasar Bharati Board, which was also attended by Bollywood actor Kajol, who was nominated earlier this year. Sources said in the meeting chaired by Prasar Bharati chairperson A Surya Prakash, it was felt that e-auctions could be held for the 7-11 pm slots for all the seven days of the week barring Saturdays. The new policy is expected to be rolled out by October 1. "We have decided that on Saturdays, Prasar Bharati Board would reserve the 7-8 pm slot for its own content and the...

OYO Enters North-East, Offers 250 Rooms in Gangtok, Darjeeling

16May By AnkitaNo Comments

News

OYO Enters North-East, Offers 250 Rooms in Gangtok, Darjeeling

Online aggregator of branded hotels OYO Rooms has expanded its presence in the north-east by offering more than 250 standardised rooms in Gangtok and Darjeeling. "We have made significant investments to expand our presence in key tourist destinations in the north-east like Gangtok and Darjeeling. Our teams have worked very hard to deliver OYOs level of standardisation of guest experience in the hotels...," OYO Rooms Founder and CEO Ritesh Agarwal said in a statement. "The hospitality sector is still underdeveloped in the north-east and we are certain that the introduction of OYOs standardised affordable stays will attract more tourists," he added. The company now offers more than 250 standardised rooms at rates as low as Rs 999 per night in Gangtok and Darjeeling for and premium rooms...

Mother Dairy Eyes Rs 10,000-cr Turnover in 3 yrs

15May By AnkitaNo Comments

BUSINESS

Mother Dairy Eyes Rs 10,000-cr Turnover in 3 yrs

Leading milk supplier of India, Mother Dairy is eyeing to cross Rs 10,000 crore turnover mark in next three years on rising demand for dairy products as well as fresh and processed fruits and vegetables. Mother Dairy, which supplies about 30 lakh litres of milk in the national capital region has posted a turnover of Rs 7,186 crore during last fiscal, out of which about 75 percent is from its dairy business. "We are aiming for more than Rs 10,000 crore turnover by the end of FY19 with expected rise in sales across all the segments," Mother Dairy MD S Nagarajan said. In a bid to expand its market, Mother Dairy is in the process of establishing a 25,000 tonnes per year integrated food and vegetable processing plant in Ranchi at an estimated cost of Rs 75 crore. The freezing line will ha...

Now, a Student-Run Internet-Based Radio Station`Radio G`

15May By PriyankaNo Comments

News

Now, a Student-Run Internet-Based Radio Station`Radio G`

With the launch of its internet-based radio station, Radio G, the G.D. Goenka University has given the students an opportunity to get trained in radio journalism. The first broadcast featured an interview of Dr. Deependra Kumar Jha, Pro Vice Chancellor of the University. Congratulating the School of Communication on the launch, he said, "I am very happy at the launch of Radio G. It will give the students an opportunity to get hands on training." The radio station, which has been set up by the School of Communication, will be run by the students of the Communication School. According to Prof. Sunil Saxena, "Radio G will be used to train undergraduate and post-graduate students to create programmes that can be broadcast live and can be heard across the world. The programmes that the...

India Based Messaging App Flock Launches Its App Store

14May By AdityaNo Comments

News

India Based Messaging App Flock Launches Its App Store

India-based messaging app Flock on Thursday launched its App store to integrate frequently used apps and services into its platform. The Flock App store allows integrations with popular apps such as Twitter, Trello, Github, Jira, Bitbucket, and a few others. "The App store makes Flock powerful, especially considering the rich functionality we have in place such as to-do's, reminders, polls and code snippet sharing," said Bhavin Turakhia, CEO and founder, Flock, in a statement. At present, the Flock platform allows users to integrate external apps and custom-build integrations. However, organisations and developers will soon be able to build their own apps and chatbots suited to their specific requirements.

Vodafone Has Not Paid a Single Naya Paisa of Demand: Rajan

14May By Press Trust of IndiaNo Comments

INDIA

Vodafone Has Not Paid a Single Naya Paisa of Demand: Rajan

Wading into the Vodafone tax dispute debate, Reserve Bank Governor Raghuram Rajan today said the British telecom giant has not paid "a single naya paisa" as yet on the demands made on it, but this case always comes in when India talks about creating a predictable tax regime. In an interaction here at Chicago Booth School, Rajan said India is making serious efforts to become "a more friendly place to do business" and putting in place a predictable tax regime is part of those efforts. "One of the things that we have been working hard on is creating a predictable tax structure. But every time we talk about taxes, we get Vodafone sort of sort of flung back at us. "Remember Vodafone has yet to pay a single naya paisa on the demands that were levied on it. Thats going on. We have a structu...

13May By Press Trust of IndiaNo Comments

INDIA

India Has Tools To Tackle iPhone Encryption: Ravi Shankar Prasad

As Apple slugs it out with FBI on privacy issues, Indian govt has said strong encryption technology to secure data and communications in smartphones, including those made by the US-based firm, is a challenge for law enforcement agencies. It said however that a tool for mobile forensics has been developed to handle smartphones including Apple. "Smartphones including phones by Apple employ strong encryption to secure the data stored and to protect the communication. Such Encryption technologies pose challenges to Law Enforcement Agencies throughout the world including India,"telecom minister Ravi Shankar Prasad said in a reply to the Rajya Sabha. He said the government has taken note of media reports about the dispute between the United States Federal Bureau of Investigation and App...