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Alibaba Paid $3.41 Billion in Taxes, Creates 30 Million Jobs

4Jan By AnkitaNo Comments

CHINA

Alibaba Paid $3.41 Billion in Taxes, Creates 30 Million Jobs

China's e-commerce giant Alibaba paid a total of USD 3.41 billion in taxes in 2016 and created 30 million jobs, the company said. Alibaba led merchants operating on its platforms, upstream manufacturers and logistics companies to pay at least 200 billion yuan in taxes last year and created more than 30 million jobs, it said. The company has also catalysed new business such as outsourcing of customer service, product photography, quality testing, e-shop design, recruitment and training for e-commerce, it said in a statement. There are over 45,000 such service providers on Alibaba's shopping platforms, Taobao and Tmall, the company said, adding those service providers had registered 142-per cent growth in income year on year as of September 30. Alibaba and its financial branch paid ...

Paytm Gets RBI Licence For Payments Bank

3Jan By NitishNo Comments

News

Paytm Gets RBI Licence For Payments Bank

Today, Reserve Bank of India gave permission to formally launch Paytm Payments Bank. On its blog, Paytm announced this news. However, Airtel is the first company which already start a pilot project of payment bank in Rajasthan. In a statement Paytm said, "At Paytm Payments Bank, our aim is to build a new business model in banking industry, focused on bringing financial services to 100’s of millions of unserved or undeserved Indians." With power of technology and innovation-at-scale, we aim to become a benchmark in world of banking. This is our chance to build something that every Indian can be proud of. No other role or responsibility means as much to me as the privilege of building Paytm Payments Bank, and I intend to take a full-time executive role in the Bank. Earlier today,...

2Jan By AdityaNo Comments

CHINA

A Tweet That Shake Twitter Business in China

Twitter's manager for China, whose appointment just eight months ago sparked controversy, has announced her resignation but welcomed the growing number of Chinese advertisers even though the service is blocked by Beijing. Kathy Chen, appointed in April as general manager for the China region comprising mainland China, Hong Kong, Macau and Taiwan, made the announcement yesterday evening on her own Twitter account. "Now that the Twitter APAC team (Asia-Pacific team in Singapore) is working directly with Chinese advertisers, this is the right time for me to leave the company," she said. Like other Western platforms such as YouTube, Facebook and Instagram, Twitter is inaccessible in mainland China, blocked by the communist regime's vast system of internet censorship. Unable to reach l...

30Dec By PriyankaNo Comments

News

Jabong Targets 5 million Shoppers, 5x Sales Growth in Myntra’s “End of Reason Sale” to Mark The New Year

All the shopaholics, get set to welcome the new year with style and aplomb. Jabong, India’s leading online fashion retailer, has announced its participation in Myntra’s sale event, the “End of Reason Sale”, which will start from the midnight of 3rd January and continue till 5th January 2017 midnight. More than 300,000 styles from a wide collection of more than 2,500 national and international brands will be available at up to 80% discount during this sale. Jabong is targeting a 5x growth in its sale during this period. Speaking about the End of Reason Sale, Mr. Rahul Taneja, Chief Business Officer, Jabong says “Jabong is excited and geared up to be a part of Myntra’s iconic End of Reason Sale (EORS). EORS has now become an annual high point for online fashion shoppers, and this is ...

TrademarKing.in Launched India’s First Automated Trademark Monitoring Platform

29Dec By NitishNo Comments

News

TrademarKing.in Launched India’s First Automated Trademark Monitoring Platform

TrademarKing.in, India’s leading trademark search engine has announced the launch of India’s first automated trademark monitoring platform. Established business owners, manufacturers and new startups can register to this service for cost-free until 31st January 2017 to monitor their brand names. The trademark monitoring service is first of its kind in India, business owners can leverage maximum benefit to protect their brands through this platform. The aim of this free launch by trademarKing.in is to create awareness about the importance of trademarks. One of the initiative by Make in India policy is to protect Intellectual Property Rights, this monitoring platform by trademarKing.in will be an unprecedented move to safeguard the trademark rights of business proprietors. “Many entiti...

Now Shop Online on eBay Using FreeCharge

28Dec By AnkitaNo Comments

News

Now Shop Online on eBay Using FreeCharge

Leading mobile wallet platform FreeCharge today, announced its partnership with the online marketplace pioneer eBay India via Billdesk. With the partnership, both FreeCharge and eBay customers can access over 100 million product listings on ebay and pay for their order using the FreeCharge wallet option. Users can also avail 25% Cashback offer on selecting FreeCharge as the payment mode. FreeCharge offers its customers, the comfort of payment on shopping category partners like Snapdeal, Voonik, Jabong, Yepme, Zivame.com, Vishal Megamart, Pantaloons, Shoppers Stop and many others. Commenting on the partnership, Sudeep Tandon, CBO – FreeCharge, said, “We are extremely pleased to associate with eBay as their payment partner. While we are constantly trying to provide our users with a ...

28Dec By NitishNo Comments

News

BookMyShow Sets New Records, Sells 1 Million Tickets a Day

BookMyShow has created history by alone selling over 3 million movie tickets for the Christmas weekend from Friday to Sunday, which also was the opening weekend of mega blockbuster Dangal. This massive achievement indeed makes BookMyShow the most loved online entertainment ticketing brand in the country. For shows on Saturday and Sunday, BookMyShow sold over 1 million tickets a day, thereby contributing to over 35% of Dangal's overall opening weekend collection in India. As a way to celebrate this, BookMyShow has also extended its Blockbuster Week offer till 1st January 2017, wherein users will be able to avail massive discounts on movie ticket bookings while also standing a chance to win fabulous gifts and assured prizes. Ashish Saksena, COO-Cinemas, BookMyShow said, "The year 2016 ...

Internet Connectivity Still Out of Reach For 950 million Indians

27Dec By Press Trust of IndiaNo Comments

INDIA, News

Internet Connectivity Still Out of Reach For 950 million Indians

India may have the world's second largest internet user base, but connectivity remains out of reach for nearly 950 million citizens, a report said today. "Even with the internet data plans in India being among the cheapest in the world and the average retail price of smartphones steadily declining, connectivity is still out of the reach of nearly 950 million Indians," according to the Assocham-Deloitte joint study India currently has about 350 million internet users, second only to China. Internet penetration is increasing in India and the access to affordable broadband, smart devices and monthly data packages are required to spread digital literacy to make their ends meet, the study titled 'Strategic national measures to combat cybercrime' said. Existing government infrastructure as...

Lenskart Setup 100 more Retail Store, Will Spend 10 Crore on Ads

26Dec By AdityaNo Comments

News

Lenskart Setup 100 more Retail Store, Will Spend 10 Crore on Ads

To strengthen its offline presence, online retailer Lenskart will set up 100 retail stores across the country over the next two years. Lenskart currently has 250 outlets across the country. Lenskart, which offers prescription-based and fashion eyewear, currently has seven stores in places like Chandigarh, Pune, Agartala and Goa under the franchise model. With a budget of Rs 10 crore, the eyewear retailer has also lined up a fresh advertising campaign. Peyush Bansal , CEO, Lenskart.com says: “These stores display a large range of eyewear. Customers can choose from them or those available on the website and place orders online from the store, helping us expand our brand not just online but offline as well.” He further said the move will help tap the Indian eyewear market, which get...

BHU Students Launch Drive to Make Campus Go Cashless

24Dec By Press Trust of IndiaNo Comments

INDIA

BHU Students Launch Drive to Make Campus Go Cashless

Banaras Hindu University students have launched a new campaign to encourage people to adopt digital payment methods inside the campus, with the varsity administration installing PoS machines at its hospitals here. The Mera Mobile Mera Batua drive by the students was launched yesterday, a day after Prime Minister Narendra Modi urged people here to shift toward electronic payment methods. BHU administration has initiated actions to install Point of Sale (PoS) machines at its 15 registration counters to receive money from patients. It has installed the machines at its medicine shops within the Sir Sunder Lal Hospital and Trauma Centre campus. Nearly 35 such machines have been provided by State Bank of India to the administration. Out of them, 20 have been installed at the hospital...

Facebook Gets Over 6,000 Data Requests From India

24Dec By NitishNo Comments

News

Facebook Gets Over 6,000 Data Requests From India

Social networking giant Facebook received 6,324 requests from Indian government agencies for 8,290 users/accounts in the first half of 2016. This is the second highest after the US, which made 23,854 requests for 38,951 users/accounts during January-June 2016, according to Facebook's Government Requests Report. Requests from India have increased, a trend seen globally as well from the previous period. Indian agencies had made 5,561 requests for 7,018 users/accounts in July-December 2015 period. Facebook said it was able to produce "some data" in 53.59 per cent of the cases in the first half of 2016, compared to just over 50 per cent in the July-December 2015 period. Government requests for account data increased by 27 per cent globally compared to the last half of 2015, increasing ...

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

23Dec By AdityaNo Comments

News

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

In a move that once again underlines its pioneering status in the country’s automobile industry, Droom, India’s pioneering online automobile transactional marketplace, has announced the launch of Droom History. Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle’s background. Generated using Droom’s proprietary technology, the report will address issues related with a vehicle’s safety, trust, and value. Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, “Unlike USA and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-ownedvehicle, such as ownership history, title dispute, and vehicle-related issues, ...