international style institution (GFG), parent company of online style portal Jabong, has secured afunding of EUR three hundred million (about Rs. 2,282 crores) from Rocket internet. at the same time as the German tech startup…
Tagged By in
PC Games Outsold Mobile Games in 2015
It appears that PC digital game sales fared better than mobile gaming in 2015. According to market research firm Superdata, PC downloadable games earned over $32 billion (roughly Rs. 2,17,585 crores) annually, well above the…
Sony Sees Strong Sales of PS4 Games, Smartphone Image Sensors in Q4
Sony Corp, widely regarded as a key supplier of image sensors for Apple Inc’s iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell…
Government Unveils Digital Literacy Drive in Rural India at Budget 2016
The government would soon launch two novel schemes to spread digital literacy in rural India for deriving greater benefit from demographic advantage, Finance Minister Arun Jaitley said in New Delhi on Monday. “We now plan…
Telenor Looking to Start Payment Bank in India This Year
Norwegian telecom operator Telenor is looking to commence operations of its payment bank JV in India this year and will roll out some basic services like bill payments a bit earlier. “What we are looking…
Ola Store to Shut Down in Less Than a Month: Source
Ola’s hyperlocal grocery delivery service, Ola Store, which operates in Bengaluru, Hyderabad, and Gurgaon is likely to shut down its operations in less than a month, citing lack of synergy, a person familiar with the…
Verizon Seen to Bet on Armstrong, M&A Savvy in Yahoo Bid
Verizon Communications Inc is the clear favourite in the upcoming bidding for Yahoo Inc’s core Internet business, according to Wall Street analysts, in large part because the telecommunications company’s efforts to become a force in…
Jabong Says Lower Discounts Helped Narrow Gross Loss in 2015
Online lifestyle retailer Jabong has narrowed down its gross loss to Rs. 46.7 crores for 2015 on the back of lower level of discounts. The gross loss of the company stood at Rs. 159.5 crores…
Cloud Leaders Failed to Capitalise on PaaS Growth in 2015: Gartner
Even though there was a rapid growth in the platform as a service (PaaS) segment globally, leading companies in the cloud business failed to capitalise on this, a report from global research firm Gartner said…
BigBasket To Deliver Products In 60 Minutes
Bangalore-based online grocer BigBasket’s latest ‘Express Delivery’ service will allow users to select a wide range of products and get them delivered within 60 minutes. Vipul Parekh, co-founder of bigbasket.com said, “The biggest feedback we…