E-commerce Startup Moglix Gets Funding From Ratan Tata
E-commerce startup Moglix has announced investment from eminent industrialist Ratan Tata in its venture. The amount has not been disclosed. The NOIDA-based Moglix deals with B2B procurement and supply of industrial products such as power tools, hand tools, adhesives and electrical equipment across several countries.
Facebook’s Free Basics Attempt Foiled; TRAI Rules In Favour Of Net Neutrality
India’s telecom regulatory body TRAI today issued the ‘Prohibition of Discriminatory Tariffs for Data Services Regulations, 2016’ that bars service providers from offerring or charging discriminatory tariffs for data services on the basis of content.
Inshorts: How A Facebook Page Became A 600 Crore Company
It was an ordinary Facebook page, created hopefully like the many thousand others that are created each day on the world’s biggest social network. It didn’t exactly aim to change the world. Its aims were relatively modest – it aimed to provide news updates in 60 words or less.
Three years later, that Facebook page has metamorphosed into a Rs. 600 crore company.
Facebook Says 6 Degrees Of Separation Now Down To 3.5
We always knew that technology was bringing the world together, and now the good folks at Facebook have math to back that up. In a study that the company described as a “monumental task”, Facebook has concluded that the degrees of separation between humans is around 3.57, as opposed to the 6 that has been codified in the popular pharse.
Apple Looks Poised To Enter India
While an iPhone is a common sight amongst India’s upper middle class and rich, its owners have always needed to get it from abroad or through third party resellers in India. However all that may change soon if Apple’s plan of setting up stores in India comes through.
Uber Revises Prices To Conform To Local Factors, To Be Cheaper In Chennai And Kolkata
In a bid to attract more customers, Uber has slashed its fares in Chennai and Kolkata by as much as 25%.
Jet Airways Records Highest Ever Quarterly Profit But Has No Chill
The airline has reported its best quarter yet, with record profits of INR 467 crores for the third quarter ending December 31, 2015 compared to INR 29 crores in Q3FY15. In a separate news, 5 crew members of the airline have been suspended for allowing Sonu Nigam use the inflight communication system for an impromptu gig.
Aamir Khan Loses Snapdeal Brand Ambassador Contract
Aamir Khan is no longer the brand ambassador of Snapdeal. The company had decided to not renew the actor’s contract after it ended on 31st January. According to reports, Snapdeal will not be looking for a replacement for Khan as it tightens its purse strings to cut down on its losses.
It’s Snapdeal’s 6th Birthday And They Have A Wish From An Unlikely Friend
Indian ecommerce unicorn startup Snapdeal turned 6 today. The company celebrated its coming a long way from a deals and coupons site to a fully fledged ecommerce giant with a splash on social media. Wishes poured in. However, the most unlikely wish came from none other rival Flipkart.