The company is currently carrying out field tests in Reliance plants at Navi Mumbai, Jamnagar and a few other locations. It is also working hard to fulfill the minimum rollout obligation of covering 90% of its service area before August 31, 2015. A soft-launch of Reliance Jio is expected in Mid July and the company will tie up with wholesale retailers just 2-3 weeks before the official launch of its 4G data service.
The state Bank of India has partnered with the online payment platform PayPal to enable its customers to use their debit cards on PayPal for buying products from overseas ecommerce websites. The partnership will also provide financial solutions to SBI’s Micro Small and Medium Enterprise (MSME) customers using PayPal services.
Fast Track points out that its revenue per month has come down to INR 9.5 lakh from INR 23 lakh, and its driver count is narrowing. The company also says that it’s finding difficulty in maintaining driver count around 4,500 as a result of daily and monthly driver incentive system from Ola.
The global private equity firm, Warburg Pincus, plans to buy a controlling stake in Sharekhan, brokerage firm, in a deal valued between INR 2,000- 2,400 crores. Warburg has submitted a binding bid and the negotiations are in final stages. The final agreement can be signed within few weeks.
Amazon has partnered with SBI to target next generation of customers and small businesses. The strategic partnership is aimed at revolutionizing the way India shops and sells. The partnership will help to develop frictionless payments, commerce solutions for customers and small businesses and building customer trust.
Retailers Association of India, which represents top retailers such as Future Group, Shoppers Stop and Reliance Retail has filed a case in the Delhi High Court against the Union government with regard to the FDI norms. The offline retailers allegedly accused ecommerce giants for disrupting and upsetting their business model. With billions of dollars from global investors to back the operations, the ecommerce giants are offering unmatched discounts to the buyers which directly impact the sales of offline retailers.
And you would know better than me about the transient nature of tech industry. Do you remember the last time you used a Nokia phone or Just Dial service or Google Groups.
TimesJobs conducted a survey in which it found that 66% of the respondents said they preferred working with a male boss, as opposed to 44% who voted for female bosses. The preference for a female boss was higher in the media & entertainment industry, with 67% respondents saying they preferred working for a female leader. However, 92% respondents working in the IT/Telecom sector say they prefer having a male boss.
I think I mentally dropped out of IIT in 2nd year. Physically in my 4th year. And on papers, I think I’m still an IITB student.
The acquisition is expected to help Livspace to create a full-sized catalogue of designer looks for homeowners and curated community marketplace of home designers in the country. Also, the acquisition will aid Livspace to build a go-to-market strategy for the western region, in addition to expanding across other metros and Tier 1 cities.
Delhi-based online platform for search- listings and deals, AskMe, has acquired online grocery portal BestAtLowest. With this acquisition, AskMe plans to enter the grocery business by integrating BestAtLowest into AskMeGroceries. The company is planning to launch AskMeGroceries later this year.
The company now expands its services from candidates in their notice period to job seekers too. “We are now expanding the benefits of the powerful hiring platform to all categories of job seekers. Hence the need for a new name which is ‘Hiree’ ”
Users will not be required to enter a PIN for transactions of up to Rs 2,000 using cards embedded with NFC chips. The RBI hopes the move will foster new payment technologies and enhance consumer convenience in the country. The transaction limit has been set to Rs 2,000, but banks can lower it. The RBI has also advised banks to put in place necessary velocity checks, ie. how many such small value transactions can be made with requiring AFA per day/week/month.
The Delhi government’s move to block the websites of taxi hailing aggregators like Ola, Uber seems to be an unsettled argument as ISPs expressed inability to block Uber, Ola due to high encryption codes. The ISPs can only block http sites and not the https sites due to its higher encryption codes. The ISPs cannot block the https sites of Uber and Ola, whereas TaxiForSure website can be blocked as its an http site.
The move is in line with the growing importance of smartphones in the country as internet access devices. While many questions have been raised, the bottom line is that Myntra wants to show that it’s going all-in. Myntra claims its app already receives 90% of its traffic, and 70% of its revenues are channeled through the app. While the company expects some short term attrition, it isn’t too worried about it as it reiterates that jumping to the app is part of its long-term strategy.
Adding to Delhi summer, there was a lot of heat at the event launch venue, India Habitat Centre Delhi where the guests were greeted with interesting Signboards and Standees from Zo Rooms (Zostel’s budget hotel aggregation wing).