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Microsoft Launched Linkedin Mini Version For Semi Skilled Workers in India

23Feb By PriyankaNo Comments

News

Microsoft Launched Linkedin Mini Version For Semi Skilled Workers in India

Microsoft CEO Satya Nadella today made a strong case for using digital technologies to empower the common man and launched a slew of India-centric initiatives, including a platform to connect semi-skilled workers with employers. The technology giant also launched a 'lite' version of its video interaction platform Skype. "If digital technology is only the purview of the large businesses and the start-ups, I think that is not sufficient for an economy to make progress," the India-born Nadella said speaking at a company event here. We’ve built Skype Lite for India, it's lightweight and has #Aadhar integration built in.@satyanadella #FutureDecoded — Microsoft India (@MicrosoftIndia) February 22, 2017 "We can celebrate technology, but if it doesn't truly empower every Indian and eve...

Flipkart CEO Binny Bansal and Microsoft CEO Satya Nadella Announce Key Partnership to Expand E-commerce in India

22Feb By NitishNo Comments

BUSINESS

Flipkart CEO Binny Bansal and Microsoft CEO Satya Nadella Announce Key Partnership to Expand E-commerce in India

Microsoft and Flipkart, India’s leading marketplace, announced a strategic partnership to provide consumers in India with the best online shopping service. As a first step in the broad collaboration between the two companies, Flipkart will adopt Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced the news today at an event in Bengaluru. “At Microsoft, we aim to empower every Indian and every Indian organization with technology and key to this is forging strategic partnerships with innovative companies like Flipkart,” said Satya Nadella, CEO, Microsoft. “Combining Microsoft’s cloud platform and AI capabilities with Flipkart’s existing services and data assets, will enable Flipkart to acceler...

22Feb By AdityaNo Comments

News

Snapdeal to Lay Off 600 People Over Next Few Days

SoftBank-backed Snapdeal will lay off around 600 people across its e-commerce, logistics and payments operations over the next few days. According to sources, the company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business). The sources added that the reduction will include employees across levels and the process will be completed in the next few days. A Snapdeal spokesperson said, "On our journey towards becoming India's first profitable e-commerce company in two years, it is important that we continue to drive efficiency across all parts of our business, which enables us to pass on the value to our consumers and sellers." "We have realigned our resources and teams to further these goals and d...

Reliance Jio Key Announcements- 100 Million Users, Jio Prime Membership

21Feb By AnkitaNo Comments

News

Reliance Jio Key Announcements- 100 Million Users, Jio Prime Membership

Mumbai, February 21, 2017: Reliance Jio announced today that the Jio family of subscribers is a 100 million strong! Jio’s offering saw record additions of 7 new members per second, every single day for the last 170 days, enabling it to cross the 100 million mark within six months of commencement of services. This is the fastest achieved by any start-up technology company in the world including the likes of Facebook, WhatsApp and Skype. Facilitated by a revolutionary on-boarding process through an Aadhar based eKYC solution, a Jio SIM today resides in the SIM slot of a majority of 4G smartphones in India. In additiion, Jio’s proprietory app ‘Jio4GVoice’ and its utilitarian Jiofy Wifi devices are enabling lacs of 3G and 2G smartphone owners to enjoy a 4G voice and data environment withou...

Times Group Acquires Small Stake in Flipkart For 260 Crore

18Feb By NitishNo Comments

ACQUISITION

Times Group Acquires Small Stake in Flipkart For 260 Crore

Bennett, Coleman and Co. Ltd (BCCL) also known as Times Group acquires a small stake in India’s leading e-commerce firm Flipkart. As per the Times of India acquisition strategy, Flipkart’s stake dilution to BCCL is for cash and advertising space in the latter’s media properties. The story was first reported by Mint. Times group made a private investment about Rs 260 crore to buy a warrant for Class B equity shares in Flipkart as per the sourcing documents filed with the Registrar of Companies and from Tofler, a company research platform. The nature of the Flipkart-BCCL transaction is commonly known as a private treaty deal. Rs 26 crore hard cash will be paid instantly to Flipkart, the rest of the amount will be paid when it converts the warrant into equity shares of Flipkart. BCCL...

Infibeam Acquired Another 7.5% stake in CC Avenue for Rs 150 Crore

15Feb By NitishNo Comments

ACQUISITION

Infibeam Acquired Another 7.5% stake in CC Avenue for Rs 150 Crore

Gujarat based India's first listed e-commerce company Infibeam acquired 7.5% stake in CC Avenue by investing Rs 150 crore. The e-commerce company has already owns a 3.85% stake in CC Avenue through subsidiary NSI Infinium Global. The recent acquisition will merge CC Avenue with Infibeam online payment gateway at about Rs 2,000 crore. On Monday, Infibeam posted third-quarter net profit to Rs 12.8 crore from Rs 50 lakh a year earlier. Revenue rose 14% to Rs 102.7 crore. “Integration of the payment platform with logistic and warehousing, ad and domain registry along with its data centre and data analytics, the value-added services provided by Infibeam would make a full circle in providing all services under one roof,“ said Vishal Mehta, the managing director of Infibeam. “CC Avenue s...

14Feb By AdityaNo Comments

FUNDING

Delhi-NCR Based Startup Cloud1 Enterprises Raises Funding From JLL India

Property consultant JLL India's arm has invested an undisclosed amount in the NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. In October last year, JLL India had launched a real estate technology investment vertical and made first investment into Foyr.com. This structured vertical makes proprietary investments into early-stage technology companies with the potential to disrupt the real estate business. JLL India today announced its investment in Cloud1 Enterprises, which it said is "an end-to-end cloud based platform that enables corporates to deploy telematics technologies to bring efficiency to employee transportation." "Estimated at USD 2 billion in India alone, the employee transportation sector is currently highly fragme...

Credihealth Launches Online Ambulance Booking Service

13Feb By AnkitaNo Comments

News

Credihealth Launches Online Ambulance Booking Service

Leading medical assistance company Credihealth today launched a first-of-its-kind 24-hour online ambulance booking service in Gurgaon in National Capital Region (NCR). The service aims to bring emergency medical care to people's doorstep, the company said in a release issued here. Leading Gurgaon hospitals have partnered with Credihealth to be a part of this endeavour. "Most regular doctors are not accessible at night, but some medical conditions require immediate action. Any sort of delay can complicate the situation. This new feature is aimed to fulfil our goal of facilitating the access to convenient online healthcare service for the common man. We plan to follow-up on the launch of the first phase of our 24-hour ambulance service in Gurgaon by rolling out more such services ac...

Jugnoo the Auto-Rickshaw Aggregator Announced its Entry Into Taxi Aggregation Business

13Feb By NitishNo Comments

News

Jugnoo the Auto-Rickshaw Aggregator Announced its Entry Into Taxi Aggregation Business

Founded in late 2014 by a bunch of IITans,Jugnoo, the auto-rickshaw aggregator, announced its entry into the taxi aggregation business on Sunday to take on other Taxi aggregators like Ola and Uber. Apart from Taxi aggregator, Jugnoo also entered the market as an hyperlocal businesses food and grocery delivery service. As per the company, they are awaiting the right moment to enter into taxi aggregation business for some time. Launched as a pilot in Gurugram, Jugnoo intends to soon expand into other cities. "Jugnoo’s strategy to diversify its offerings and enter into the business vertical comes at a time when drivers are looking for an alternative to resolve their earnings and incentive issues," the company said in a press release. Beginning its operations in November 2014, Jugnoo ...

Ola Hires Pranav Tiwari, Sanjay Kharb to Lead Its Engineering Operation

13Feb By AnkitaNo Comments

News

Ola Hires Pranav Tiwari, Sanjay Kharb to Lead Its Engineering Operation

Transportation app Ola today said it has roped in two new executives, Pranav Tiwari and Sanjay Kharb, to strengthen its core technology leadership. Tiwari, former CTO of Cellworks, has joined Ola as Vice President of Engineering and will work towards optimising growth and profitability by bringing in necessary efficiencies in the supply chain function, Ola said in a statement. An ex-Googler, he has over 35 patents in his name. Under him, the team will focus on building solutions that effectively optimise use of vehicles on the platform, reduce deviations in routes and improve customer-driver matching. Kharb, who was earlier VP Production Engineering at InMobi, has joined as Vice President of Engineering Infrastructure and will strengthen efficiencies in Ola's technology infrastruct...

Proposl.co - A company Which Reduces Your Sales Cycle By 30%

13Feb By NitishNo Comments

Story

Proposl.co - A company Which Reduces Your Sales Cycle By 30%

In a world where it is hard to run after prospects and catch them, we were glad to come across Proposl, a new sales enablement platform, which can profile your customers on the basis of engagement and reduce your sales cycle. “The problem with online interactions lack of feedback. Unlike offline interactions, where a salesman can interpret the prospect’s body language, online interactions are majorly email, sales & marketing documents and phone. Our analytics engine & customer profiling helps give this missing feedback”, said Deepak Gupta, CEO of Palisade Technologies, the company behind Proposl. Proposl is a platform that let’s you easily create sales documents, from invoices, to pitch decks, to MOUs and proposals, all under 60 seconds. And not just creation, the company clai...

Online E-commerce Company Flipkart, Snapdeal & Amazon Raises Concern Over TCS Clause in GST

10Feb By AnkitaNo Comments

News

Online E-commerce Company Flipkart, Snapdeal & Amazon Raises Concern Over TCS Clause in GST

Online retailers Flipkart, Snapdeal and Amazon came together to raise concerns about the tax collection at source (TCS) clause under draft model GST law, saying it could result in a capital lock-down for sellers and discourage them from selling online. This is the first time that the three companies locked in intense competition for leadership of the booming Indian e-commerce market -- have come together to voice their concerns on an industry issue. In the past, they have even taken potshots at one another through social media platforms like Twitter and also offline. Stressing that GST is one of the most forward-looking tax initiatives, the players exuded confidence that it will have a transformative impact on the sector. However, the TCS clause would lead to a capital lock-down o...