Home-grown e-commerce major Flipkart is reportedly planning to buy its competitor Snapdeal for $350-400 million. Notably, this contradicts earlier reports of Flipkart accepting to buy Snapdeal for $1 billion in an all-stock deal. The $400 million value for Snapdeal is reportedly 94% lesser than its earlier valuation of $6.5 billion.
Reliance is now offering free home delivery of its SIM card in more than 600 towns across India. Customers can initiate their 4G SIM home delivery on the Jio website. Customers need to download the MyJio app, generate a coupon in the app, and book an appointment online to get the SIM delivered. Aadhaar number is needed for eKYC purposes and generating the coupon on the app.
Nasscom on Thursday reportedly said that Indian IT export is projected to grow by 7-8 percent in 2017-18. Nasscom president R Chandrashekhar also reportedly said, this will create 1.3-1.5 lakh new jobs during this fiscal year. Notably, the domestic market for IT companies is expected to grow 10-11 percent.
Veteran American star George Clooney on Wednesday sold his tequila brand Casamigos, which he Co-founded with businessmen Rande Gerber and Mike Meldman, for $1 billion to British alcoholic beverages company Diageo. Reportedly, this purchase will be Diageo's biggest since its $3.2 billion acquisition of absconding Indian liquor baron Vijay Mallya’s United Spirits in 2014. Notably, Clooney along with his partners created Casamigos in 2013.
According to a report by Reuters, social media giant Facebook’s Chief Operating Officer Sheryl Sandberg is tipped to take over as Uber's CEO after former CEO Travis Kalanick's resignation. This comes after Uber board member Arianna Huffington pushed for Sandberg's appointment. Meanwhile, Walt Disney's COO Thomas Staggs is also being considered for the post, but Sandberg is said to be "their first choice."
According to reports, the market share of Chinese smartphones in India increased by an astounding 340% in the first quarter of the 2017-18 fiscal, when compared to the same quarter last year. Further, Chinese smartphones made up 15% of the Indian market in Q1 last year, as compared to 51% this year. Notably, the market share of Indian smartphones fell from 41% to 14%.
Chinese smartphone maker OnePlus has finally launched its OnePlus 5 smartphone in India on Thursday. According to reports, the 6GB RAM and 64GB inbuilt storage variant of OnePlus 5 is priced at Rs 32,999, while the 8GB and 128GB storage variant is priced at Rs 37,999. Notably, the smartphone will go on sale on Amazon India from 4.30pm.
Infosys CEO Vishal Sikka on Thursday reportedly said that the assumption that Indian IT firms are too much dependent on H-1B visas is not correct. Sikka also said Indian IT companies need to grab the upcoming opportunities like artificial intelligence to retain its global leadership edge.
Indian e-commerce giant Flipkart has reportedly started offering a massive discount on Apple iPhones. According to reports, iPhone 7 is sold at Rs 42,499, which is around 29% lesser than its original selling price. Notably, Flipkart is also selling iPhone 6 at a discounted price of Rs 25,999 and 32GB variant of iPhone 6S at Rs 32,999.
Bengaluru-based startup Mypetrolpump is reportedly set to deliver diesel at the doorstep in the city. According to reports, the company delivers diesel at the running price and charges a fixed amount of Rs 99 for delivery. Notably, Mypetrolpump founder Ashish Kumar Gupta said that Union Petroleum Minister Dharmendra Pradhan had appreciated our innovation.
Telecom giants Airtel, Vodafone India and Idea Cellular on Monday slammed the TRAI and accused it of delay in taking action even as Reliance Jio was flouting norms of network testing. This comes after TRAI issued a consultation paper on May 1, which telecom operators claimed was no longer relevant since Jio had already done the damage. However, Jio has dismissed the charges.
Tokyo's Honda production plant on Wednesday reportedly stopped its production after it suffered a cyber attack from the ransomware that struck thousands of computers worldwide last month. The company said that it would stop its production in Sayama, near Tokyo plant after they found that their computer system was infected with the so-called WannaCry virus.
According to reports, the Ratan Tata-led Tata Group is set to partner with Singapore Airlines to buy the government operated aircraft carrier Air India from the Indian government. Tata Chairman N Chandrasekaran has held informal talks with the government, expressing preliminary interest in buying a controlling stake in the airline with 51% equity, reports added. Notably, Air India was originally owned by Tata before being nationalised in 1953.
Samsung has reportedly started selling its Galaxy J2 Pro smartphone at a lesser price of Rs 9,090. According to reports, the smartphone has got a price cut Rs 800 and is sold on Flipkart and Amazon India. Notably, Galaxy J2 Pro sports a 5 inch sAMOLED display, 1.5 GHz Quad-Core processor, 2GB RAM, Android Marshmallow OS, 8MP rear and 5MP front cameras and a 2600mAh battery.
Ola has reportedly signed a MoU with the Andhra Pradesh government to promote tourism in the state. According to reports, this partnership will create more than 25,000 job opportunities in the state in the next five years. By this partnership, Ola will train driver partners about the tourist destinations in the Andhra.
Infosys former head of immigration, Erin Green has reportedly accused the company of employee discrimination and retaliation. According to reports, Green has also reportedly filed a lawsuit against the company in the US. Notably, the lawsuit comes at a time when Infosys is facing a potential class-action suit for attempting to hire 10,000 executives in the US.
Following a series of controversies that rocked Uber Technologies Inc., its Chief Executive Officer Travis Kalanick has resigned, the company confirmed on Tuesday. The world's largest privately backed startup has also become the world's most valuable startup. Uber got involved in several controversies including allegations of sexual harassment and the use of software to bypass regulators. The company, founded by Kalanick in 2009, increased its revenue to $3.4 billion in the first quarter.
According to reports, the Bengaluru-headquartered Infosys has topped the list in poaching top executives from fellow competitors. Infosys has reportedly poached 12 executives from Cognizant, 13 from Capgemini, five from TCS, and eight each from Wipro, Accenture and IBM in the 2016 -17 fiscal year.
Airline carriers like SpiceJet, IndiGo, GoAir and Jet Airways have planned or ordered for over 800 new planes. A good number of smaller aircraft are expected to enter the Indian aviation market that has been seeing double-digit growth. India’s domestic air passenger traffic stood at 100 million in 2016, while Indian carriers presently operate nearly 500 aircraft, say reports.
Reliance Communications led by Anil Ambani has reportedly invited offers to sell or jointly develop 133-acre Dhirubhai Ambani Knowledge Centre located in Navi Mumbai. Earlier, the company also ran an advertisement to sell it's around 4-acre Delhi office at Connaught Place. Both the properties in Mumbai and Delhi could fetch the company around ₹10,000 crore, according to reports.