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US-Based Korn Ferry Hay Group to Support 100 Startups in India

9Apr By Press Trust of IndiaNo Comments

News

US-Based Korn Ferry Hay Group to Support 100 Startups in India

Bullish on India, US-based global management consultancy giant Korn Ferry Hay Group has embarked on an ambitious plan to support for free 100 startups from the country that have potential to grow big, its CEO Stephen D Kaye said on Friday. Kaye also said he is seeing emergence of a "more global India" that has a tremendous talent base and the consultants working with the Group here are capable of servicing some of the most prestigious clients around the world. "We see a very capable and bullish India market. India is now a country that is living up to its potential, growing quickly with world class companies," Kaye told PTI in an interview here. The group, whose clients include governments, public sector companies, family-owned enterprises as well as listed private sector companies f...

Digital Ad Spending in India Will Touched $1 bn in 2017, $11.82 billion in 2020: eMarketer

8Apr By PriyankaNo Comments

News

Digital Ad Spending in India Will Touched $1 bn in 2017, $11.82 billion in 2020: eMarketer

Digital ad spending in India is forecast to surpass the USD 1-billion mark, accounting for 14.3 per cent of the total media advertisement outlay, in 2017, a report by eMarketer today said. The report, which pegs the total media advertisement spending to grow to over USD 8.2 billion next year, said advertisers in India will spend more than USD 1.1 billion towards digital advertisement. "This year, just 12.6 per cent of all advertisement spending will go towards digital. In 2017, digital ad spending in India will surpass USD 1 billion and will amount to 14.3 per cent of total outlays. By 2020, the figure will be 20.2 per cent," it added. eMarketer estimated that advertisers in India will spend about USD 7.41 billion on paid placements in all media in 2016, up 11.3 per cent over the ...

ShopClues Tie-up With NMDFC To Support e-Karobar

7Apr By AnkitaNo Comments

BUSINESS

ShopClues Tie-up With NMDFC To Support e-Karobar

India's first and largest managed marketplace, ShopClues signed an MoU with National Minorities Development and Finance Corporation (NMDFC) to give a robust fillip to its e-Karobar initiative. The initiative seeks to e-market the exceptional products created by Indian artisans and craftsmen belonging to minorities who have been assisted by NMDFC. ShopClues will leverage the power of its widely popular e-commerce platform and its extensive reach to empower the artisans and craftsmen belonging to minorities by bridging the gap between artisans and buyers all over the country. As a part of the MoU, both ShopClues and NMDFC seek to act as catalysts for economic development of artisans and craftsmen belonging to minorities. ShopClues will offer a wide spectrum of assistances to sellers to...

30Mar By RishabhNo Comments

Story

Wittyfeed- A Story of World’s 2nd Largest & India’s Largest Viral Content Company

WittyFeed.com, a name heard by many but whose story is yet not been told completely! WittyFeed holds a history, which is not only interesting but also inspiring. It is a company that has seen times that has caused many startups to die, it has fought and is now truly an example of hard work and dedication with its success. Mr. Vinay Singhal, founder of WittyFeed.com shares his success with Pixr8 in a recent interview. Taking time out in this festive weekend from his busy schedule, Mr. Singhal did gave plenty of time and attention to celebrating the grand success of Wittyeed.com. He was quick and precise and kept the conversation to the point. “Currently WittyFeed.com gets 120 Million unique visitors on a month-on-month basis, converting to about 400 Million page views. It makes us wo...

Square Yards Doubles Revenue With Strong Real Estate Supply Chain

30Mar By AdityaNo Comments

News

Square Yards Doubles Revenue With Strong Real Estate Supply Chain

ANI- At a time when most online real estate players have been struggling, Square Yards has announced its doubled revenue run rate, which is likely to cross Rs. 200 crore in gross revenues from Rs. 100 crore in a span of six months. In the last six months, Square Yards achieved operational break even, launched a broker aggregation platform, significantly enhanced its tech and marketing capabilities and scaled its International presence to countries. The team size has also swelled to 1000+ employees. Square Yards now estimate around 600 to 700 transactions a month with a value of Rs. 350+ crore each month. This puts Square Yards on pedestal with top developers in India on the ability to move such sizeable real estate volumes. "Square Yards has been very successful in striking structur...

30Mar By AnkitaNo Comments

INDIA

Gujarat, Maharashtra Together Contribute 46 Percent To India’s Exports: Report

According to an ASSOCHAM study on 'Export Performance of States', the analyzed data between 2007-08 and 2014-15 reports that Gujarat and Maharashtra account for more than 46 percent of the merchandise consignments from the country and with the addition of three next best performing sources of shipments, the top five states claim over 69 per cent of India's entire export earnings. While Gujarat and Maharashtra have been vying for the top spot, the latter became the best performing states shipping goods worth USD 72.83 billion in 2014-15. Gujarat had export shipments of USD 59.58 billion in the same period while Tamil Nadu emerged as the third largest sourcing state with USD 27.47 billion of the consignments, noted the study prepared by ASSOCHAM Economic Research Bureau. Though Gujarat...

Indian Govt Allows 100% FDI in Marketplace Model of E-commerce

29Mar By Press Trust of IndiaNo Comments

INDIA, News

Indian Govt Allows 100% FDI in Marketplace Model of E-commerce

The government permitted 100% foreign direct investment (FDI) in the marketplace format of e-commerce retailing with a view to attract more foreign investments. The norms on FDI in the sectors of e-commerce, and IT and ITeS are expected to be part of detailed guidelines, which would be rolled out soon by the government, sources said. Last week, a group of senior officials from departments of DIPP, corporate affairs and economic affairs, among others, discussed these matters in great detail. According to sources, the DIPP has suggested that 100% FDI should be allowed in “marketplace model e-commerce” activities. In such a model, the e-commerce company provides an online platform for buyers and a sellers. At present, global e-tailer giants such as Amazon and Ebay are operating onlin...

Paytm Appointed Alibaba’s Former Executive as President

25Mar By AnkitaNo Comments

News

Paytm Appointed Alibaba’s Former Executive as President

Paytm, India's mobile payment and commerce platform has appointed ex-head of Alibaba Group Holding's wholesale business, Bhushan Patil as the company's new President. Bhushan Patil joins Paytm as President after serving 5.5 years at the Chinese company, where he was handling operations of Alibaba.com. He will now focus on building Paytm's cross border commerce. At the largest B2B marketplace, Bhushan was instrumental at leading new initiatives for Global Markets business development across SME linked associations, Banks and Government trade organizations, local trade services and e-companies. As a major accomplishment he incepted, led and launched B2B Trade-Trust products across 50 countries in Asia/Europe and Americas and was instrumental developing new India plans for Alibaba.co...

16Mar By AnkitaNo Comments

BUSINESS

India’s First Profitable E-commerce Firm Infibeam Looking to Raise $334 Million in IPO

E-commerce firm Infibeam Incorporation is eyeing a valuation of as much as $334 million as it sells shares next week in the sector's first initial public offering. The company, founded by former Amazon.com employee Vishal Mehta in 2007, set a price range of 360 rupees to 432 rupees per share on Tuesday as it seeks to raise up to 4.5 billion rupees ($67 million) in the IPO. Speaking at a news conference, executives said they expected a dilution of 20 percent to 22 percent in the IPO, which means the company could be valued at 22.5 billion rupees after the share sale. The sale will take place from March 21 until March 23, and trading is set to begin on or around April 4. Although a comparatively small IPO, Infibeam's debut is widely expected to serve as a proxy for stock market i...

ISRO Developing ‘Front-End Chip’ for Satellite Navigation System

12Mar By AnkitaNo Comments

News

ISRO Developing ‘Front-End Chip’ for Satellite Navigation System

IANS- The Indian space agency is in the process of getting ready the radio frequency chips for its satellite navigation system, a top official said on Thursday. "We are in the process of developing the front-end chip. The initial version is expected to be ready this year," A.S. Kiran Kumar, Indian Space Research Organisation (Isro) chairman, told IANS in Sriharikota. Named as the Indian Regional Navigation Satellite System (IRNSS), the system consists of a constellation of seven satellites of which the sixth was put into orbit on Thursday. He said the seventh navigation satellite will be launched next month. Kumar said the signals from the fifth navigation satellite-IRNSS-1E- launched last month is being received. He said the information received from the orbiting navigation...

Decoding: Word of Mouth Publicity of Indian Candy “Pulse”

5Mar By NitishNo Comments

BLOGS

Decoding: Word of Mouth Publicity of Indian Candy “Pulse”

Pulse, Pulse, Pulse - This candy has become the savior to the Indian small businesses and " oh, wow What is this " ? to the people who have ever popped this light green candy in their mouth. But Why have people gone bat-shit crazy about it? The best way to describe it, is by breaking the Pulse Journey into the mouth in 4 stages. ( as already explained in some of the below answers ) : Stage I - Sensational Kacchaa Aam Flavor Stage II - Slow emergence of the powder (which happens to be in between the candy) into your mouth Stage III - Phenomenal burst of Amchur into your mouth. Stage IV - Sweet taste when you reach the end of the candy. Now, Let's go in deep (in ascending order ) of what Pulse have included in this candy which has rocked few mout...

4Mar By Press Trust of IndiaNo Comments

INDIA

Indian Government To Launch Web Portal For Startups By Next Week

NEW DELHI: Government will launch a portal for startups by next week and begin the registration process with a view to encourage budding entrepreneurs and promote ease of doing business, a top official said today. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said that 'Start-up India' is an important initiative and steps have already been taken to implement the action plan announced by the government. Recently, DIPP has issued the definition of startups and is also making it easier for them to file intellectual property rights (IPR), he said. "In another week's time, we are going to start the startup portal and the process of registration of also," he said here at a Ficci function. "We are also working with state governments to ensur...