New foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022 according to a draft analysis from global consultants PwC seen by Reuters. Under the changes, e-commerce firms in India will from Feb. 1 not be able to sell […]
Archives for January 2019
Cisco showcases shopping at retail’s biggest convention
“Retail’s big show”, the NRF (National Retail Federation) 2019 conference, wrapped up this week in New York City. The retail conference brought together community members and exhibitors from around the world to showcase the latest innovations in shopping. This year’s biggest topics focused on creating impact from an operational aspect, a community aspect, a talent […]
Flipkart invests Rs 1,431 crore in India wholesale arm
Flipkart India Pvt. Ltd., the wholesale arm of the Walmart-owned e-commerce marketplace in India, has received Rs 1,431 crore in fresh funding from its Singapore-based parent entity Flipkart Private Limited. The investment came days after the Indian government made clarifications in the FDI policy for e-commerce that significantly affects firms like Flipkart. According to documents […]
Less than half of businesses can detect IoT data breach
Only 48% of businesses have the infrastructure set up to detect whether their IoT infrastructure is open to a data breach, a report by security firm Gemalto has revealed. Firms are now asking for the government to intervene and set better regulations around IoT security to prevent potentially damaging hacks into such devices. In fact, […]
Google awards IBM MaaS360 with recommended accreditation
Google has awarded IBM’s MaaS360 with Watson the accolade of the first Android Enterprise Recommended for businesses utilising both company-owned and BYOD devices. To become a recognised partner, software must offer businesses a true enterprise-level experience, with the tools to help businesses and employees be more productive. They must utilise Android’s enterprise features and developers […]
Flipkart’s bid to contain impact of new laws
Flipkart CEO Kalyan Krishnamurthy has told select executives of third-party brands that the Walmart-owned e-tailer’s commerce business would be able to avoid any major impact from the recent government circular on FDI in e-commerce. The company is said to be taking a number of steps to deal with the fallout. Sources said it is in […]
I&B may endorse self-regulation code for online video players
Most online video streaming platforms have agreed to a code of self-regulation that may receive endorsement from the information and broadcasting (I&B) ministry. But divisions among companies on the principle of self-regulation and details of it persist. Netflix, Star India’s Hotstar, Reliance Jio, Zee5, AltBalaji, SonyLiv and Times Internet Limited-owned MX Player are among those […]
EaseMyTrip plans to raise Rs 1,500 crore through IPO
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 […]
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 […]