Business

Flipkart acquired Appiterate on wednesday

Flipkart acquired Appiterate on wednesday

Online marketplace Flipkart on Wednesaday said it has acquired Delhi-based mobile engagement and marketing automation company Appiterate. With this acquisition Flipkart is willing to strengthen in mobile technology part. The financial details of the deal are not disclosed by both companies. What is Appiterate? Appiterate started as an A/B testing product for native mobile apps later on expanded into a full-fledged ...

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Algorithm which will approve personal loans in 10 sec at HDFC

Algorithm which will approve personal loans in 10 sec at HDFC

With the hope of loan’s growth this year, HDFC Bank has devised a strategy of using algorithms to approve personal loans, completely doing away with credit officials. The bank is promising to disburse loans to its customers online within few minutesand without any headache of paperwork. Instead of researching a borrower’s credit history, this installed software will continuously scans each of ...

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WhatsApp become the largest in terms of Active user base

WhatsApp user base crosses 800 million

WhatsApp CEO Jan Koum has said that the mobile-based messaging service now has 800 million monthly active users, up from 700 million in January. Koum posted an update on his Facebook page, “WhatsApp – now serving 800,000,000 monthly active users. Reminder for the press out there: active and registered users are not the same thing.” He has clearly left a ...

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Flipkart is going to close its web site from next year

Flipkart is going to close its web site from next year

A senior executive of Flipkart said, “We would be moving to an app-only format within a year”. He said India’s largest e-commerce platform would also follow the same route announced for unit Myntra. Flipkart had acquired Myntra last year for Rs 2,000 crores. They have mentioned, “Last year, we had more orders placed on the app than from web and ...

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TCS & Infosys: Salary Hike

Salary Hike

Tata Consultancy Services (TCS), on Thursday (16th April) announced this year’s average salary hike of 8 per cent for its employees in India of around 2-4 per cent for overseas. TCS earlier had announced a one-time bonus to all eligible employees to mark the 10th anniversary of its initial public offer or IPO this move will cost the company $423 ...

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Net Neutrality: Airtel Backs Out

Net Neutrality: Airtel Backs Out

Today morning, Bharti Airtel said: • It will always provide same treatment to every website and application irrespective of whether they are on its toll free platform or not. • Airtel Zero is an open-marketing platform that allows customers to access certain mobile apps for free with charges being borne by the app makers. • CEO wanted to add “I ...

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Like Flipkart, Cleartrip backs net neutrality

Like-Flipkart-Cleartrip-backs-net-neutrality

Just after the Flipkart, travel website Cleartrip has also backed the neutral net by exiting Facebook’s Internet.org programme and posted the following statement: “A few weeks back, Facebook reached out and asked us to participate in the Internet.org initiative with the intention of helping us deliver one of our most affordable products to the more underserved parts of the country. ...

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Rupee is marginally improved against dollar

Rupee is marginally improved against dollar

The rupee marginally up by one paisa at 62.35 against the dollar in early trade on Thursday at the Interbank Foreign Exchange after the American currency weakened overseas amid a higher opening in the domestic equity market. The rupee had ended 15 paise higher at 62.36 against the American currency yesterday on fresh selling by banks and exporters on the ...

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New business unit in China’s Alibaba Group

New business unit in China's Alibaba Group

The world’s biggest e-commerce company, China’s Alibaba Group, has formed an automotive unit and a ‘smart living’ division in the past week. The firm will ramps up its cloud computing, hardware and big data operations. It is going to introduce internet and computing capabilities to various kinds of everyday products, ranging from televisions and home appliances to cars. The automotive ...

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Snapdeal Acquired Freecharge

Snapdeal Acquired Freecharge

On April 8th 2015, Snapdeal announced that it has acquired FreeCharge to build the most impactful digital commerce ecosystem in India. FreeCharge and Snapdeal were founded in 2011 and 2010 in Mumbai and New Delhi respectively. Kunal Bahl (Co-founder of Snapdeal) and Kunal Shah (Co-founder FreeCharge) knew each since then and have been in discussion for some time now. The ...

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