October 9th, 2016Mumbai, October 9 2016: Reliance Jio Infocomm Ltd. (Jio) announced today that it has created a world record by crossing 16 Million subscribers of 'Jio Welcome offer' in its first month of operations. Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and...
October 8th, 201622 internet shutdowns that occurred in India between 2015 to 2016 cost the country’s economy an astonishing $968 million, contributing to a total global cost of $2.4 billion, says Darrell West in a study published by Centre for Technology Innovation, Brookings Institution.
Citing the example of one such instance West says India...
October 2nd, 2016India started its biggest ever telecoms airwaves auction on Saturday, receiving 535.31 billion rupees ($8.04 billion) worth of bids on the first day of the sale, a senior government official said.
Market leaders Bharti Airtel Ltd, Vodafone's local unit and Idea Cellular Ltd are pitted against new entrant Reliance Jio Infocomm Ltd in...
September 20th, 2016Wal-Mart Stores on Monday said it has completed the acquisition of Internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month.
Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website.
The...
September 17th, 2016
Disclaimer:
We got this brilliant analytical piece about newly launched Reliance Jio scheme (of almost free data) from WhatsApp. We are publishing it because it shows the other side – which is obviously not so good - of the so called revolutionary idea, to promote awareness.
In the name of fulfilling PM Modi’s dream...
September 7th, 2016Online classifieds platform Quikr today said it has acquired Stepni, a platform that connects vehicle owners with neighbourhood service providers, for an undisclosed amount.
The move strengthens Quikrs service offerings under QuikrCars and also opens cross-selling opportunities for QuikrServices, it said in a statement.
Stepnis...
September 4th, 201616th July 2016:
The Indian Telecom Market - Basic Facts
There are 100 crores of mobile users in India (1 billion).
This means 80% of India is connected to mobile phones (voice calling)
However, only 34% of India’s population is connected to the internet.
Among those using mobile phones, only 10% use 3G data or...
September 2nd, 2016AFP- An unmanned SpaceX Falcon 9 rocket exploded on the launch pad during a test in Florida on Thursday, destroying a satellite that Facebook planned to use to beam high-speed internet to Africa.
The blast at Cape Canaveral — though it caused no injuries — marks a setback for the California-based private space firm and its founder,...
August 30th, 2016Qualcomm has already invested USD 23 million (about Rs 150 crore) in five companies from the USD 150 million venture fund, which the electronics chip major had announced for India last September.
Qualcomm's Executive Chairman Paul Jacobs, who met Telecom Minister and IT Minister today, told reporters, "When I saw the PM in Silicon...
August 22nd, 2016Amul Managing Director R S Sodhi has been appointed as independent director on the board of India Post Payment Banks (IPPB) -- the payments bank arm of postal department.
"GCMMF Managing Director R S Sodhi has been appointed independent director on the board of IPPB," an official source said.
Gujarat Cooperative Milk Marketing...
August 20th, 2016Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million (roughly Rs. 2,672 crores) in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
The gradual move to fast-growing sectors such as security, the...
August 12th, 2016Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber's China business in a deal valuing his ride-hailing start-up at $35 billion - a second success in as many years in a gruelling battle with a rival.
Investors and Didi staff say Cheng has a cool head, a keen strategic...
