Indian e-commerce market to hit $15 billion in 2 years: Google

By on November 20, 2014 at 5:50 PM.

Indian e-commerce market to hit $15 billion in 2 years: Google

Increasing Internet penetration and growing preference for shopping online will drive the eCommerce market in India to $15 billion by 2016 with a whopping 100 million people going online to shop, tech giant Google said today. More →
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Uber – a successful startup but morally challenged

By on November 20, 2014 at 1:26 PM.

Uber – a successful startup but morally challenged

Fuelling the already bad publicity Uber has attracted lately, SVP of business Emil Michael stirred dangerous waters by suggesting at a casual dinner party, that he would indulge in a smear campaign against journalists who wrote negative things about the company. Offhandedly, he even floated the notion of spending $ 1 million to investigate in the lives of journalists and their families to dig up some dirt to later use it as ammunition. Today, the Uber controversy took a more nasty turn after Senator Al Franken, Chairman of the Subcommittee On Privacy, Technology, and the Law, has posted a public letter to Uber CEO Travis Kalanick in which he addresses many of the claims made over the past few days that the company has consistently compromised user privacy as a matter of course.  More →
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Firefox ditches Google as default search engine as Mozilla signs a five-year deal with Yahoo

By on November 20, 2014 at 11:37 AM.

Firefox ditches Google as default search engine as Mozilla signs a five-year deal with Yahoo

Yahoo and Mozilla have inked a deal as part of which Mozilla would make Yahoo as the default search engine on its Firefox browser for the next five years in the United States on both mobile and desktop platforms. More →
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Uber launches uberGO, a cab service claimed to be cheaper than an autorickshaw

By on November 20, 2014 at 10:42 AM.

Uber launches uberGO, a cab service claimed to be cheaper than an autorickshaw

Premium cab service Uber is taking the price war with other cab services to an all-new level by launching uberGO. According to the company, this new low-cost service that uses hatchbacks to zip you around a city is cheaper than an autorickshaw ride. More →
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India Post eyes $9 billion e-commmerce business

By on November 20, 2014 at 10:36 AM.

India Post eyes $9 billion e-commmerce business

Eyeing $9 billion business opportunity in booming e-commerce business, India Post, which has the biggest network and serves the last mile, is boosting its infrastructure for real-time tracking of parcels through satellites using a new technology. More →
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Xiaomi to invest $300 million in Chinese video-streaming platform iQiyi: Forbes

By on November 19, 2014 at 5:12 PM.

Xiaomi to invest $300 million in Chinese video-streaming platform iQiyi: Forbes

Xiaomi has been looking at making its mark in China’s video streaming business. After announcing its partnership with Youku Tudou last week, the Chinese company has today announced that its will be investing $300 million in video-streaming platform iQiyi, Forbes reports. More →
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Zomato raises over Rs 365 crore from Vy Capital, Info Edge and Sequoia Capital

By on November 19, 2014 at 3:34 PM.

Zomato raises over Rs 365 crore from Vy Capital, Info Edge and Sequoia Capital

Online restaurant guide Zomato has raised $60 million (over Rs 365 crore) from Vy Capital and existing investors Info Edge (India) Ltd and Sequoia Capital to fund global expansion and new product development. “This round of funding is being led jointly by Info Edge (India) Ltd and Vy Capital, with participation from Sequoia Capital,” Zomato said. More →
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