Travel booking site EaseMyTrip plans to raise Rs 1,500 crore ($210 million) through an initial public offer, potentially becoming the first company in the online travel booking space to list in India, according to people briefed on the matter. Rival MakeMyTrip, which is at least four times bigger than EaseMyTrip by revenue, listed on the […]
Archives for 2019
Amazon, Flipkart seek more time to comply with new FDI policy
Amazon and Walmart-owned Flipkart have asked the government to extend the February 1 deadline to comply with recently announced changes in the foreign direct investment (FDI) policy for ecommerce, according to people with knowledge of the matter. Flipkart confirmed this in an email. “We are working diligently to assess all aspects of the Flipkart business […]
C-DAC sees demand for Param Shavak from states
India’s super computing solution in a box – Param Shavak has seen demand increase from state governments to install them in universities and colleges for students to work on applications in areas such as bioinformatics and weather analysis, besides Artificial Intelligence and Virtual Reality. The Centre for Development of Advanced Computing (CDAC) said that it […]
Netflix raises prices for 58M US subscribers amid increasing costs
Netflix is raising its U.S. prices by 13% to 18%, its biggest increase since the company launched its streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. Even at the higher […]
Facebook commits $300M to support local news initiatives
Facebook will invest $300 million over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide. The investment in time and money is a significant expansion of a plan to help newsrooms in the U.S. and abroad create and sustain viable business models […]
Microsoft to end all support for ‘Windows 7’ in 2020
Image credit: Ted S. Warren Even though Microsoft ended mainstream support for “Windows 7” in January 2015, the software giant has now decided to put a final halt on the roll-out of free security patches also for the operating system next year. “After January 14, 2020, Microsoft will no longer provide security updates or support […]
Salesforce boosts Commerce Cloud with smart feature suite
Salesforce has updated its Commerce Cloud platform, adding AI integration, visual search, and inventory availability services to businesses in the retail sector. Through these new additions to the company’s e-commerce marketing platform, businesses can connect with customers throughout their entire buying journey and not just when they reach the company’s site. For example, the Einstein […]
AWS will be harnessed by SSE Enterprise and Tigerspike to drive smart city IoT platform
SSE is teaming up with Tigerspike and AWS to deliver smart city services to the masses via its Internet of Things (IoT) platform. Part of the threesome’s strategy is to develop SSE’s Mayflower smart lighting solution, which is comprised of the entire infrastructure for smart lighting in cities, including sensors and devices to light up […]
NBCUniversal to launch video streaming service in 2020
Comcast‘s NBCUniversal will launch a streaming media service in early 2020 under a pricing model that seeks to mollify traditional pay TV providers while going after a market dominated by Netflix and Amazon. The advertising-supported service, announced on Monday, will be available at no cost to NBCUniversal’s pay TV subscribers in the United States and […]
Etail may lose Rs 40,000 crore, retail to get a 3rd of it
Online retailers could take a Rs 35,000-40,000-crore hit on their FY20 revenues to comply with the revised foreign investment policy, according to Crisil. Brick-and-mortar stores, as a result, may see a 150-200-bps spike in sales with an additional Rs 12,000-crore-plus mop-up. “The fact that there will be a level playing field, which will create a […]