By Byju Raveendran, Byju’s GDP 7% plus growth, India is the fastest growing large economy in the world. We have a very young population with over 50% of our citizens below the age of 25. India also has the largest school system in the world with over 270 million children enrolled in schools. In fact, […]
Archives for January 2019
E-commerce policy conundrum: Untying the knots
The country’s largest online retailers are struggling to comply with the revised guidelines on foreign direct investment in the sector, while sections of the industry are calling for regulations that provide incentive for growth within a broader national framework. On December 26, the central government reiterated its stand on disallowing e-commerce entities from owning or […]
Payback bets on new-age Internet firms to expand customer base, partners with Stashfin
Digital loyalty company Payback, which is associated with brands such as ICICI Bank and American Express, is expanding its scope of partnerships by betting on the financial services space and new-age internet companies. In one its first partnerships with a fintech firm, Payback has partnered with lending company Stashfin, and said many more such deals […]
RBI mulls opening up payment system operators to private parties
The Reserve Bank of India has outlined norms for private parties to apply for development of retail payment systems in the country like IMPS, UPI and others. In a note released by the central bank, it said that there is a need for a multi-pronged action to strengthen the retail digital payment systems. In a […]
Haptik enables ordering using a voice bot for KFC
Conversational AI platform Haptik is foraying into the voice bot space with the launch of a new voice bot for KFC India. This will allow customers to place orders for home delivery at KFC using Alexa. Moksh Chopra, Chief Marketing Officer, KFC India said, “Voice recognition is becoming a game changer today, with millennials rapidly […]
Amazon knows what you buy, and it’s building a big ad business from it
By Karen Weise When a chain of physical therapy centers wanted new patients, it aimed online ads at people near its offices who had bought knee braces recently on Amazon. When a financial services provider wanted to promote its retirement advisory business, it directed ads to people in their 40s and 50s who had recently […]
Infibeam to sell subsidiary Infinium for Rs 60 crore
Infibeam Avenues has entered into a binding agreement to sell its subsidiary Infinium India to IngeniusE-commerce for Rs 60 crore. “The company (Infibeam Avenues) has divested its ownership with control in its wholly-owned subsidiary Infinium (India) to Ingenius E-commerce. The consideration received from the sale is Rs 60 crore,” Infibeam said in its filing to […]
AWS Backup aims to simplify backing up data on Amazon’s cloud
AWS has unveiled a managed backup service that will help customers backup their data, whether it resides on-premise or in the cloud. AWS Backup makes it easier for companies to manage their data by offering a single place for data in storage volumes, databases, and file systems to be managed and audited. Users can schedule […]
Remove ‘fake’ content on food quality, govt tells Facebook, Google
The government has instructed Google and Facebook to take down ‘false and malicious’ videos and other content that spreads misinformation regarding safety and quality of food in India, saying that the ‘fake’ information is eroding the public’s confidence in institutions tasked with food safety. The instructions to the global internet giants have been issued by […]
Facebook users to now petition elected officials for change
Facebook is set to launch a petitions feature called “Community Actions” that will let users request change from their local and national elected officials and government agencies. According to a report in TechCrunch late Sunday, “Community Actions” will be a petition feature in Facebook’s News Feed and reach users in the US on Tuesday and […]