Amar Nagaram, head of fashion portals Myntra and Jabong, will now report to Rishi Vasudev who was recently elevated to as the group head of fashion for Flipkart group, multiple people in the know said. Earlier, Nagaram, who took over as the head of Myntra and Jabong after former CEO Ananth Narayanan quit, was reporting […]
Archives for March 2019
PSU Banks’ loan portal off to a flying start
PSBLoansin59minutes.com, an online loan approval platform connecting public sector banks with small and medium enterprises (SMEs), has become the largest “online lending platform” in the country within three months of its launch, according to a Credit Suisse report. That surge comes as state-run banks continue to struggle with low profits and bad loans. The platform […]
Amazon plans new grocery-store business: Report
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid Amazon plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people […]
Ahead of general elections, political parties tap social media influencers
Political parties are extensively tapping social media influencers — those with a sizeable fan base on platforms like Facebook, YouTube and Instagram — ahead of the elections to push their messages through subtle campaigns, advertisers and marketers said. These will be the first elections in India where social media influencers, who come from different walks […]
Facebook plans its own Cryptocurrency, integrate with WhatsApp & Instagram
Some of the world’s biggest internet messaging companies are hoping to succeed where cryptocurrency startups have failed by introducing mainstream consumers to the alternative world of digital coins. The internet outfits, including Facebook, Telegram and Signal, are planning to roll out new cryptocurrencies over the next year that are meant to allow users to send […]
Zomato gives COO Gaurav Gupta co-founder title
Image Source: Linkedin Zomato has given its chief operating officer (COO) Gaurav Gupta the title of co-founder at the online food delivery and restaurant-discovery company. It was announced by co-founder and CEO Deepinder Goyal on Friday in an internal mail, a copy of which has been seen by TOI. The move is an unprecedented one […]
The Cloud Doesn’t Eliminate The Need For Data Recovery Software
Cloud computing has disrupted the digital technology sector in surprising ways. According to some estimates, the market is expected to rise to $411 billion by the end of next year. The rapid growth can largely be attributed to advances in artificial intelligence and big data. However, despite some of the fascinating advances, there are still […]
Lyft IPO filing shows surging revenue, widening losses
Lyft inched closer to becoming the first ride-hailing company to make a stock market debut by releasing its filing for an initial public offering on Friday, revealing to the public a detailed look at its financial performance. The filing with U.S. securities regulators makes it all but certain that Lyft will hold its IPO ahead […]
The Data Science Fundamentals Every Marketer Needs to Know
Data science is nothing new. But it’s evolving in the world of business. It’s estimated that by 2026 there will be 11.5 million jobs in the data science industry. Why is this the case? The simple fact is that businesses are beginning to take notice of how it can help them to make the most […]
Zomato raises $62.5M funding led by Delivery Hero
Online restaurant discovery and food delivery platform Zomato has said it is raising $62.5 million (about Rs 441 crore) in a fresh round of funding led by Naspers-backed German food-tech major Delivery Hero. The capital infusion is part of Zomato’s ongoing Series I round, and is likely to value the Gurgaon-headquartered company at about $2 […]