Nov 16, 2016 - SaaS raises over $256 million in VC Funding

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Remember Microsoft, the 20th century behemoth? Turns out it's transforming into a 21st century giant, under the leadership of Satya Nadella. This Fortune piece on him follows him around several countries as he engages with governments, customers, schoolkids - all important to the new Microsoft. An excerpt - "There are two types of conversations you'd have at Microsoft when you'd explain things," Irving says. "One type of person waited for a break in the argument to argue back. The other listened to learn. That was Satya." Well before he was named CEO, Nadella "could suspend his disbelief and opinion to listen to you thoughtfully. The slight difference between listening to argue and listening to learn is not subtle. It's huge. Satya is soft-spoken but energetic, which is a weird combination." More here

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Airtel partners Western Union to launch real time fund transfer service globally

Telecom player Bharti Airtel has joined hands with American financial services provider Western Union to launch real-time payment service for Airtel P..

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Unbundling of infrastructure to help telecom sector: Trai

The industry needs to come up with innovative investment solutions like unbundling of infrastructure and investments for different services in the tel..

India's $21 billion telecom war comes down to $2: Here's how

New Delhi wants nearly $21 billion in back license fees and spectrum usage charges, including penalties, interest.

Why Airtel, Vodafone-Idea's pain is bad news for mobile subscribers in India

The country's apex court recently dismissed the review petition on Adjusted Gross Revenue (AGR) payouts of telecom companies. Vodafone-Idea and Bharti Airtel, staring at huge payouts after they got no relief from the Supreme Court on their AGR dues, would need to raise prices in a bid to rebuild financial strength.The dismissal of review petition is bad news not only for telecom companies but may also turn out to be so good for mobile subscribers in India as its very likely that these cash-starved telecom companies increase mobile tariffs. Here's by how much and more ...

FDI boost may help Airtel even the odds against Reliance Jio

Mobile phones and mobile-based payment solutions have brought a revolution to the financial inclusion in India. India is likely to have as many as 62.3 crore unique mobile phone users by the year 2025, with 483 million mobile internet users. This will account for 66 per cent penetration of mobile devices in the second-most populous country.

How Samsung and Qualcomm are approaching the Indian smartphone market

Companies across the smartphone space, including Samsung and Qualcomm, are taking proactive steps to win over the Indian smartphone market.

New low-cost iPhone to enter mass production in February

The Cupertino, California-based company is expected to officially unveil the new phone as early as March.

Charted: India’s insatiable obsession with smartphone apps

India registered the greatest increase in app downloads between 2016 and 2019, says a new report.

Global smartphone market to grow by 64 million units in next 5 years

Riding on the Artificial Intelligence (AI)-enabled features, the global smartphone market is expected to grow by 64.05 million units during 2020-2024, a new report said on Wednesday. According to London-based market research firm Technavio, the consumer’s shift to online purchases will have a positive impact on the market and contribute to its growth significantly over …

OnePlus to hire more for R D team, make India a global base for talent

In an interview with Danish Khan, OnePlus CEO Pete Lau said the industry turmoil over Indias recent cut in export sops is a short-term hurdle for the company.

BSNL Adding Subscribers Despite No 4G Network But Losing Wired Broadband Customers

Apart from Reliance Jio in the Indian telecom market, the only operator to add new subscribers over the last three years was state-run BSNL

ISRO provides consultation to Qualcomm on NavIC capability

The Indian Space Research Organisation on Tuesday said it has provided "consultation" to San Diego-based chipmaker Qualcomm towards enabling NavIC cap..

The fierce fight between Xiaomi and Oppo for the Indian smartphone market crown

If we go over the Indian smartphone market landscape in the past five years, one can see that Xiaomi and BBK group has constantly been trying to cut each other down.Get latest Technology online at

Coca-Cola CEO: Consumer spending is 'robust' heading into 2020

Coca-Cola CEO James Quincey said that he still believes that consumer spending is robust heading into 2020.

Marico, Dabur could do better than HUL, Glaxo as downtrading returns: Mahantesh Sabarad

Rural-based low-end consumption stocks will be better off going ahead, says Mahantesh Sabarad. The lower end of the consumption story will be better off going forward if you have an event where agricultural output is quite robust. We see that crop area has grown and record foodgrain production is likely. In such a situation, consumption will probably be doing well.

Trans-fat Filled Items and Sugar, Salt on Indian Grocery Shelves Worries Leading Food Brand

New Delhi (Sputnik): Slurrp Farm is one of the leading Indian food brands with a presence in countries like Dubai, Singapore and the UK and plans to enter the US market by 2025. The company’s vision is to take Indian millets to the world so as to redefine ready-to-eat snack foods and make kids around the world healthier.

Here is the new trend in FMCG sector-food health ingredients, processing packaging

Rising dual income families, diminishing culinary skills and numerous food delivery apps have triggered a transition from Ready to Cook to the Ready to Eat segment

[Funding alert] Goa-based premium tea brand Tea Trunk raises $220K

The startup said it plans to use the funds to expand its product line of health-focused teas, launch innovative products, and to strengthen its positioning in the wellness space

This new year Vicco embarks on a brand-new journey with Alia Bhatt

Leading Bollywood actor Alia Bhatt named as the brand ambassador of Vicco.

New Onion crop arrival: Govt mulls lifting ban on exports

The ban on the export of onion came into effect on September 30 last year, amid spiralling onion prices.

India poised to be No. 2 in e-commerce in 15 years, says Narvar CTO Ram Ravichandran

According to a 2019 report by Retail Association of India and Deloitte India, e-commerce market in India is expected to grow to $84 billion in 2021 from $24 million in 2017.

Understanding India's Chilly Reception of Jeff Bezos

The CEO’s pledge to create millions of jobs was met with protests.

India: Grofers hires 4000 people to support ongoing sales bonanza

The Soft Bank-backed online grocery firm has ramped up headcount to support its ongoing nine-day biannual grocery sales bonanza.

Top 5 Profitable eCommerce Business Ideas for 2020

Top 5 Profitable eCommerce Business Ideas for 2020 - The growing incredibility of data and the easy door-to-door delivery at scheduled timing has made eCommerce quite...

PhonePe now allows customers to withdraw cash using UPI

The feature went live on the platform on Tuesday.Any merchant can sign up to be an ATM on PhonePe, using the company’s PhonePe for Business app

Exclusive: Alibaba silently launches affiliate app Yoli in India

E-commerce giant Alibaba had silently made its debut in the Indian e-commerce space with affiliate app Yoli. It is operational for about eight months

Regulating E-Commerce Companies: How Much Is Too Much?

The biggest challenge for the Indian regulators has been the allegations of predatory pricing by e-commerce firms.

Amazon India to ply 10000 Electric Delivery Vehicles by 2025

Amazon India to ply 10,000 Electric Delivery Vehicles by 2025 - Bengaluru: E-commerce giant Amazon India will deploy 10,000 electric vehicles (EVs) in its delivery fleet...

Indian casual wear brand Humbl partners with Myntra

Find news on Indian casual wear brand Humbl partners with Myntra and more fashion related news at Fibre2Fashion

Swiggy India Admits Food Prices May Be Higher Online Vs At The Restaurant

Food delivery app Swiggy has been accused of making food prices significantly higher at the restaurant, as pointed on social media by a Twitter user.

Meet the Indian startup behind the electric fleet of India's top e-commerce companies

Gayam Motor Works was founded in 2011 by brothers Raja and Rahul, along with Sri Harsha Bavirisetty. Today, they are working with BigBasket, Flipkart, Grofers,

AI is very critical for India; There is a huge dearth of talent, says Rohan Shravan, Founder Director, Inkers

Inkers is uniquely positioned, something which our clients love. We are a video perception platform providing AI on local solutions.

L T posts 15% rise in consolidated net profit at Rs 2,560 cr in Q3

Notwithstanding the challenges in project execution in the domestic market, engineering major Larsen & Toubro (L&T) on Wednesday reported a 15 per cent rise in its consolidated net profit at Rs 2,560.32 crore for quarter to December 2019, helped by higher revenues from international contracts.

Tech policy think tanks asks govt to strengthen cyber security in India

Last year, the government said it planned to release a new Cybersecurity Strategy to keep up with the changing nature of technologies, platforms and t..

In a first in 10 quarters, TCS’ net hiring declines in Q3

The IT firm is trying to tighten its operations after very strong net hiring in recent quarters

Tech policy think tanks write to govt urging stronger encryption to strengthen cyber security in India

Technology policy think tanks and digital freedom advocates have written to the National Security Council Secretariat urging stronger encryption requirements, improved breach disclosure norms and use of open-source software while encouraging free flow of data across borders, as part of suggestions to strengthen cyber security in India.

Consultancies are launching academies to bridge the academia-industry gap

KPMG, Capgemini, PwC and others are partnering with educational institutes to help graduates and young executives keep pace with changes in their fields.

TCS brand value grew six-fold from 2010 to $13.5 bn in 2019: Report

TCS’ chief executive, Rajesh Gopinathan has been named among the top 100 Global CEOs worldwide.The year-on-year growth in brand value in 2019 makes TCS the fastest growing among the top three IT Services brands

Marg ERP plans to add 100 channel partners this year to service MSMEs

Marg ERP, an inventory management and accounting software company providing solutions to MSMEs, targets to add 100 channel partners this year to strengthen network in micro, small and medium enterpri

Tech Mahindra's Diversity and Inclusion Initiatives Recognised by Bloomberg

Amongst the only three Indian companies to be included in the Bloomberg 2020 Gender-Equality Index  Tech Mahindra Ltd. a leading provider of digital transform

Businesses face digital ceiling in transformation progress: Infosys study

Digital marketing is a particularly strong capability for Indian companies, according to the new global study by Infosys Knowledge Institute. The Infosys Digital Radar 2020, which measured companies' progress against 22 digital initiatives, this year found that India ranks the highest in the Digital Maturity Index at 71.4, whereas the overall digital maturity, stands at 62.3.

UST Global opens Infinity Lab, third delivery centre in Malaysia

Digital transformation solutions player UST Global has launched its first Infinity Lab, part of a network of innovation labs across the world, in South East Asia along with its third delivery centre a

'People Trust Infosys to Deliver': CEO Salil Parekh Lauds 'Strong Processes' in Whistleblower Probe

In October, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by CEO Salil Parekh and other company executives.

TCS set to launch its first software platform for Indian market

With more and more Indian customers willing to come on board, company aims to ramp up growth here

Vodafone is the eighth company to quit Facebook's digital currency project

British telecommunications firm Vodafone has pulled out of the Libra Association, raising further doubt that the digital currency will get off the ground this year as planned.Another one bites the dust: Facebook unveiled the vision for Libra, which it has promised will promote “financial inclusion” around the world, in June.

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