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Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

23Jun By reutersNo Comments

CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...

Big Blow To Trump, US Tech Giants Join Alliance to Honour Paris Climate Agreement

6Jun By AdityaNo Comments

USA

Big Blow To Trump, US Tech Giants Join Alliance to Honour Paris Climate Agreement

US tech giants, government leaders, investors, universities, and companies have agreed to fight global warming by reducing carbon emissions and honour the Paris Agreement on climate change, days after President Trump announced his decision to withdraw from the landmark deal. Various companies like Apple, Google, Facebook, Intel and Microsoft are among the hundreds of businesses that declared their intention to continue working toward reducing carbon emissions. The firms who were noticeably absent were Oracle, IBM, and all the major telecommunications providers. "In the absence of leadership from Washington, states, cities, colleges and universities and businesses representing a sizeable percentage of the US economy will pursue ambitious climate goals, working together to take forc...

US Based Ebix Acquire 80% Stake in India Based Digital Payment Startup Itzcash For 800 Crores

25May By AdityaNo Comments

ACQUISITION

US Based Ebix Acquire 80% Stake in India Based Digital Payment Startup Itzcash For 800 Crores

US headquartered Ebix today said it has invested about Rs 800 crore to acquire 80 per cent stake in payment solutions exchange ItzCash. Ebix is an international supplier of on-demand software and e-commerce services to the insurance, financial, e- governance and healthcare industries. Founded in 2006, ItzCash is Indias leading digital payments firm, the company has since expanded verticals such as remittances, financial services, corporate solutions, PoS and payment gateway. With the new investment by Ebix, the company is looking to foray into areas such as credit, insurance, healthcare and investments to accelerate growth momentum going forward, a release said. "We are big believers in the power of exchanges and thus have been keen to take an early position in India in terms o...

Infosys to Hire 10,000 American Workers Over the Next Two Years

2May By AnkitaNo Comments

News, USA

Infosys to Hire 10,000 American Workers Over the Next Two Years

Infosys, a global leader in consulting, technology and next-generation services, today announced that it plans to hire 10,000 American workers over the next two years. As part of this initiative, Infosys will open four new Technology and Innovation Hubs across the country focusing on cutting-edge technology areas, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data. These four hubs will not only have technology and innovation focus areas, but will closely serve clients in key industries such as financial services, manufacturing, healthcare, retail, energy and more. The first hub, which will open in Indiana in August 2017, is expected to create 2,000 jobs by 2021 for American workers and will help boost Indiana's eco...

New Digital Map to Track Racial Diversity in US

23Apr By PriyankaNo Comments

USA

New Digital Map to Track Racial Diversity in US

Scientists in the US have created the most detailed digital map to track the changing racial diversity of every neighbourhood in the country. Researchers from University of Cincinnati (UC) in the US applied NASA map making techniques to 20 years of data collected by the US Census Bureau to build one of the most detailed racial-diversity maps ever created. They take advantage of NASA land-cover grids made up of 30-square-metre blocks. Using this grid system, they can more precisely group people where they actually live by recognising lakes, parks, factories and otherwise uninhabitable areas. Researchers combined land-cover mapping techniques with cumbersome volumes of federal data collected every 10 years in the census. The zoomable map shows at a glance how the racial compositi...

pCommerce- The Global Perspective of ‘People’ in India

20Apr By No Comments

BLOGS

pCommerce- The Global Perspective of ‘People’ in India

World is appreciating and recognizing ‘people’ from India, then why is India lagging to figure out the projection of investment from its own ‘people’? Why isn’t India able to harvest it and reap itself huge pool of benefits? Japan has leveraged its cultural emphasis on ‘efficiency and team work’, to revolutionize the manufacturing and engineering industries. The Republic of Korea (Korea) has utilized its cultural emphasis on ‘speed’, and it has built some world-class companies such as Samsung and LG. China has sustained a GDP growth of more than 10% for more than two decades by virtue of its ‘ability to scale’. The United States of America (USA) and Israel have leveraged the diversity of their populations to lead innovation globally. I firmly believe that now it is India’s turn ...

Indian American CEO Ordered to Pay $135K to Former Worker

19Apr By Press Trust of IndiaNo Comments

USA

Indian American CEO Ordered to Pay $135K to Former Worker

An Indian-American CEO has been ordered to pay USD 135,000 to her former domestic worker after a Labour Department investigation found she underpaid and mistreated her. Himanshu Bhatia, CEO of Rose International and IT Staffing, will have to pay her former live-in domestic service worker back wages and damages under the terms of a consent judgement entered into the US District Court for the Central District of California. Ads by ZINC The judgement, entered on April 11, resolves a complaint filed by the US Department of Labour in August last year. An investigation by the departments Wage and Hour Division found that Bhatia willfully and repeatedly violated federal labour laws minimum wage and record keeping provisions from July 2012 to December 2014. The complaint alleged that...

Uber Resumes Driverless Car Programme After Crash in Arizona

28Mar By reutersNo Comments

News, USA

Uber Resumes Driverless Car Programme After Crash in Arizona

Driverless vehicles operated by Uber Technologies Inc were back on the road in San Francisco on Monday after one of its self-driving cars crashed in Arizona, the ride-hailing company said. Uber's autonomous vehicles in Arizona and Pittsburgh, Pennsylvania, remained grounded but were expected to be operating again soon, according to a spokeswoman for the company, who refused to be identified. "We are resuming our development operations in San Francisco this morning," she said in an email. Uber's San Francisco program is currently in development mode. It has two cars registered with the California Department of Motor Vehicles, but is not transporting passengers. The spokeswoman said because of this, the company felt confident in putting the cars back on the road while it investig...

Mc’Donald’s Trumpet’ – Company Apologises For Hacked Tweet Slamming US President

17Mar By AdityaNo Comments

USA

Mc’Donald’s Trumpet’ – Company Apologises For Hacked Tweet Slamming US President

AFP- McDonald's apologized Thursday after it briefly posted on Twitter a blast criticizing President Donald Trump, which the company blamed on a hack from an external source. They quickly deleted the tweet and offered an uncharitable appraisal of Trump, saying, "You are actually a disgusting excuse of a President and we would love to have Barack Obama back, also you have tiny hands." The tweet was removed mid-morning Thursday soon after being posted to one of McDonald's official Twitter feeds -- but not before being retweeted more than a thousand times and garnering plenty of attention in political and media circles. "Based on our investigation, we have determined that our Twitter account was hacked by an external source," said McDonald's spokeswoman Terri Hickey in a statement. ...

Mark Zuckerberg Criticises Donald Trump on Immigration Limit, Gave Example of His Wife

28Jan By NitishNo Comments

News

Mark Zuckerberg Criticises Donald Trump on Immigration Limit, Gave Example of His Wife

America is a nation of immigrants and should be proud of it, Facebook CEO Mark Zuckerberg said as he criticised President Donald Trump's decision to severely limit immigrants and refugees from certain Muslim-majority countries. "Like many of you, I'm concerned about the impact of the recent executive orders signed by President Trump," Zuckerberg wrote on his Facebook page. "We need to keep this country safe, but we should do that by focusing on people who actually pose a threat ... We should also keep our doors open to refugees and those who need help. That's who we are." "We should also keep our doors open to refugees and those who need help. That's who we are. Had we turned away refugees a few decades ago, Priscilla's family wouldn't be here today," he wrote of his wife, Priscilla ...

Alibaba Blames Trump Led US Politics For Its Blacklisting For Fake Goods

23Dec By AnkitaNo Comments

CHINA, News

Alibaba Blames Trump Led US Politics For Its Blacklisting For Fake Goods

China's e-commerce giant Alibaba has rejected US allegations that it sells counterfeit goods, saying the Washington's move to put it back on a blacklist of its "notorious markets" could be influenced by the "current political climate" in America. Questioning the US move, Alibaba Group President Michael Evans said he was "disappointed" by the decision and wondered whether it was "based on actual facts or was influenced by the current political climate." US President-elect Donald Trump had, during his campaign, repeatedly accused Chinese firms of stealing intellectual property. The US has again labeled Alibaba Group Holding Ltd as one of the world's largest destinations for fake goods, a major embarrassment for a Chinese e-commerce giant trying to shake off its reputation as a haven fo...

Trump Campaign Announces $25 Million Ad Buy in Final Five Days

4Nov By NitishNo Comments

USA

Trump Campaign Announces $25 Million Ad Buy in Final Five Days

The Trump Campaign has announced buying a $25 million advertisement slots in key battleground states as part of its effort to swing the pendulum in its favour amidst reports that the race to the White House has tightened. Donald Trump, the Republican presidential nominee, himself sent an email to his supporters yesterday announcing his decision in this regard. "With a clear path to victory, we just announced an aggressive USD 25 million final ad-buy in the 13 most winnable battleground states. Tightening polls have even forced Hillary to make her first-ever ad-buy in Wisconsin," Trump said. The Trump Campaign said it has strengthened its leads in six battleground states: Florida, Ohio, Iowa, Maine, North Carolina and Nevada. If this trend continues until Election Day, they can...