Paytm Makes Push For Ecommerce; Original Wallet Business Becomes Separate App
Paytm has announced that it will be splitting its original business wallet into a separate app. The current Paytm app will soon lose its wallet functionality and become a standalone shopping app, competing with the likes of Flipkart, Amazon and Snapdeal. This move reinforces Paytm’s ambitions to become a large part of India’s ecommerce space.
Inside The Stylish, India-Themed Office Of Pegasystems
Think cool offices in Hyderabad, and it’s often hard to think beyond Google. But tucked away on the 13th and 14th floors of Raheja Mindspace Park is the modern, stylish office of Pegasystems.
Zomato’s Deal With Pickingo In Trouble
Zomato’s deal with hyper-local delivery company Pickingo appears to be in trouble. Two months ago, the company had announced an investment in Gurgaon-based Pickingo, which would’ve seen Zomato own a 10% stake in Pickingo. But the plans appears to be on hold after recent developments, reported Economic Times.
TinyOwl Lays Off Another 100 Employees
In another bad news coming in from the food tech startup world, TinyOwl is set to lay off another 100 employees
Lionel Messi To Be Tata Motors’ New Brand Ambassador
Indian companies are slowly making a dent on the world stage. Tata Motors has roped in international soccer superstar Lionel Messi as its brand ambassador. This will be the first Indian brand promoted by Messi, who’s among the highest paid athletes in the world.
40% Of Ecommerce Goods In China Counterfeit: Report
Not too long ago, the world had its eyes on China as one of the fastest growing countries in the globe. Now its economy has been slowing down, and the future doesn’t look quite as bright any more. One of the bright spots in China’s economy was its e-commerce sector, where players like Alibaba were breaking new ground with their humungous sales figures. A new report, however, takes the sheen off these numbers.
Modi Government Gives Kick-start To Startups
As envisaged by the Startup India, Stand Up India initiative of Prime Minister Modi, announced in this year’s Independence Day address, the government wants to kick start start-ups by making the rules simpler so that innovators can unlock their entrepreneurial zeal.
Have E-commerce Firms Violated FDI Norms? RBI, ED Asked To Probe
The mega sales have ended. The partying is also over. E-commerce majors such as Flipkart, Amazon and Snapdeal are now in for some sobering news.
Government of India has asked Reserve Bank of India (RBI) and Enforcement Directorate (ED) to probe whether e-commerce majors have violated Foreign Direct Investment (FDI) rules by engaging in business-to-consumers (B2C) activity.
Facebook Ties up With BSNL To Provide Internet Connectivity In Rural India
Facebook will soon give rural India a big fillip by teaming up with BSNL for setting up 100 Wi-Fi hotspots in villages, at a total cost of Rs.5 crores. This will be on a revenue sharing basis. FB has agreed to buy bandwidth from India for a trial period of 3 years, which could be extended for a further 2 years.