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@businessnewsbydkoding
Thor: Love and Thunder are on its way and fans are debating about whether the Marvel Studio will keep Thor fat. Taika Waititi, who
Big brother refuses to pick the tab for Anil Ambani
In response, the DoT has struck down the spectrum trading deal that is so critical for RCom’s revival efforts. Anil Ambani’s efforts to get his company Reliance Communications (RCom) out of the Rs 46,000-crore debt trap and possible insolvency proceedings have suffered a major setback. The Department of Telecomm (DoT) has refused to accept the deal between RCom and Reliance Jio for sale of air waves. The Department took this decision after Reliance Jio sent a letter asking for an assurance that it will be absolved of all liabilities for the past dues of RCom.
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Is this the end of good times for Amazon and Flipkart in India?
Customers are in for more expensive shopping days as deep discounting by e-commerce firms, irrespective of the fundamentals involved may become an untenable proposition. Large offline distributors and retailers/retail associations of smartphones and consumer electronics like Viveks, Girias, Shahs, Sathya and Vasanth and the All India Mobile Retailers Association (that represents 25,000 mobile phone retailers) are up in arms against this practice, which they deem as unfair competition.
The only difference is that while their guns were trained on e-commerce marketplaces earlier, leading retailers and distributors of smartphones and consumer electronics are now accusing manufacturing companies. Brick-and-mortar retailers allege that some manufacturers unfairly incentivise e-commerce firms with better prices and/or seamless supplies and have threatened to stop stocking products of these manufacturers.
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The bloody war| who eats whom? Swiggy | Zomato| Ubereats | Ola-Foodpanda
Indian foodtech may look very lucrative, but many have perished in this business over the past few years. #swiggy and #zomato, on the other hand, have not just survived, but are also well armed for the next bout.
Meanwhile #ubereats has thrown its hat into the ring last year and Ola is looking to take a share of the spoils by trying to bring its acquisition #foodpanda back into the reckoning. Who holds the upper hand at this moment?
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Yes Bank set to name Brahm Dutt as chairman – Shares rise…
Brahm Dutt, Independent Director, Yes Bank, is expected to be nominated the non-executive interim chairman of the bank after the resignation of Ashok Chawla in November.
A formal announcement on this is anticipated in the coming week pending the approval of RBI. Brahm Dutt has previously served as a bureaucrat for 37 years and has served as Director on the Board since July 24, 2013. During his tenure in the government, he held several positions in the state government and central government.
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Google launches Google Shopping in India
Google has announced its latest offering Google Shopping in India, which will essentially be an aggregator of aggregators. In a statement, the company said that it aims to support the entire retail ecosystem — from shopping sites and large retailers to small local shops — by giving them access to the tools, technology, and scale to thrive in the new digital economy.
The site provides consumers information on deals from major e-commerce retailers like Flipkart, Amazon, Shopclues, Club Factory, Snapdeal and even lesser known ones such as Shein. Users can use filters, check for trending products, locate appropriate products and compare prices as well as deals across these multiple sites. Google is also offering them a personalised experience with a shopping home page and a tab on Google Search and Google Lens.
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NinjaCart raises $35 million from Accel, Syngeta Ventures
NinjaCart, a platform for marketing and delivering agricultural produce has raised Series B funding of US$ 35 million (₹250 crore), a round that was led by Accel Partners (US) and Switzerland’s Syngenta Ventures apart from new investors Neoplux, ZiGeXn founder Jo Hirao, Russian firm HR Capital and venture debt firm Trifecta Capital.
Besides this, the round also saw participation from Accel India, Nandan Nilekani NRJN Trust, Misteltoe and Qualcomm Venture, who are existing investors. The Bengaluru-based company has raised over $49 million so far, and is planning to leverage the investment to expand operations to 10 cities, set up 200 distribution centres and improve supply chain infrastructure. Currently in Bengaluru, Hyderabad and Chennai, the startup is planning to expand in New Delhi and Mumbai by 2019
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Social media startup Roposo gets US$ 10 million in funding
The company is founded by IIT Delhi alumni Mayank Bhangadia (also the CEO), Avinash Saxena and Kaushal Shubhan. Parent company Relevant E-Solutions Pvt. Ltd had secured Rs 120 crore from Tech Circle Ventures and Bertelsmann India last month itself and the latest investment takes its total funding to US$ 31 million so far.
Flipkart founder Binny Bansal and VC firm India Quotient are also backing Roposo. With this deal, Bertelsmann principal Rohit Sood will join Roposo’s board as a director. Roposo started as a platform for discovery for women’s and men’s fashion. Later in mid-2017, it evolved into a social media platform that curates content from various categories including food, travel and fashion.
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Companies that aren’t deploying Data Sciences or ML will be dead soon | by Deepak Kaistha
Data Strategy is seen as the next big wave of a technological shift that is sweeping through the world right now. With large Asian economies of China and India taking the privilege of humungous data for their strong R&D capabilities, it has emerged as a necessity to foster an environment of Growth and push businesses from that reactive analytics to proactive ones.
This mainstream element of business has highlighted Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) in the first place so significantly that those products or corporates that are impuissant to utilize data intelligence will possibly die a natural death very soon in the highly fluid environment.
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The Growth Playbook !!! Releasing soon on Amazon – Authored by Deepak Kaistha
Be Growth Ready, Not Growth Greedy.
After all, Growth happens when you are busy planning for it. And least aware of it.
Moral? You really don’t control it. All you can do, therefore, is get in position.
To be rewarded with it, when it does strike.
And what does that take?
Learnings from masters who’ve walked the path before you.
Staying malleable to change.
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Combining math & machine for winning financial predictions
Analysis is Not Enough to Win – Amateur and professional traders, analysts, investors have spent years trying to develop the required skills and strategies that “might” yield a profit on their trades.
People have spent long hours in front of the screen, trying to figure out what was going on with the charts and indicators.
They have spent nights and days analysing patterns, price movements, reading the news and trying to catch the best moment to enter a trade.
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Within three years, Byju is World’s most valued Edtech company
Edtech startup Byju’s received a major boost in its valuation when it secured US$ 540 million in its latest funding round led by Naspers Ventures along with Canada Pension Plan Investment Board (CPPIB) and private equity firm General Atlantic.
The transaction values it at US$ 3.6 billion as compared to around US$ 1 billion last year when it made a share allotment to its investors.
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Ola makes a strategic investment of US$ 100 million in Vogo
India’s leading cab aggregator Ola has made a strategic investment of US$ 100 million in scooter sharing startup Vogo. With this investment, Vogo is expected to acquire around 100,000 new scooters. Ola was also an investor in Vogo’s Series a funding round of US$ 6-7 million along with Matrix Partners, Stellaris Venture Partners and Hero MotoCorp chairman Pawan Munjal.
The two are set to synergise their operations, as Vogo’s services will soon be offered on Ola’s mobile app. Bhavish Aggarwal, Co-founder and CEO, Ola commented, “Our investment in Vogo will help build a smart multi-modal network for first-last mile connectivity in the country. Vogo’s automated scooter-sharing platform, backed by Ola’s expertise in this space can help transform our cities.”
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Swiggy gets mammoth US$ 1 billion in funding, takes huge lead over Zomato
In fact, this is the largest funding round in the entire Indian foodtech sector so far. This investment takes Swiggy’s valuation to US$ 3.3 billion, making it the fifth most valuable startup in India after Paytm, Ola, Oyo and Byju’s. The company had become a unicorn in June 2018 with a US$ 210 million funding round.
Larry Illg, chief executive officer (food and ventures) at Naspers, commented, “We first partnered with Swiggy in April 2017 because we recognised the Swiggy team had built a sustainable, long-term business that stood out among others in India.
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Is India ready for IoT technology?
Internet of Things is regarded as a critical component of the Government of India’s vision for Digital India. The government has earmarked a budget of Rs 7,000 crore for development of 100 smart cities where IoT will help improve factors like healthcare, transportation and security and also conserve water and power. IoT is expected to increase investment and infrastructure and create jobs.
A report by Assocham and Ernst & Young (EY) projects that the internet of things (IoT) market has the potential to reach 2 billion connections and a revenue of US$ 11.1 billion of revenue by 2022. Also, India’s digital economy could reach a size of US$ 1 trillion by that year with the right combination of accelerators including regulatory framework, government incentives and industry collaboration according to Mr P Balaji, Chairman, Assocham’s National Council on Telecommunications & Convergence.
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Motorola Moto G7 Supra for Cricket surfaces with a regular notch
The Moto G7 has yet to be announced and we expect to see a Moto G7 Play, Moto G7 Plus and a Moto G7 Power next year as well. The Moto G7 and G7 Plus are both expected to sport a waterdrop notch, ruling them out as the Moto G7 Supra.
Judging by the regular notch and going by recent unconfirmed renders the phone in the image is either the Moto G7 Play or Moto G7 Power. The Moto G7 and G7 Plus appear to have waterdrop notches.
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‘Dream Entrepreneurial Success Story’ – that India would Love to Celebrate!
Ather Energy plans to enter new markets and also grow its portfolio to cope with the impending competition in the electric two-wheeler market. It’s one of the dream entrepreneurial success stories that India would love to celebrate. Instead of the conventional categories like software, aggregators, fintech, etc – Ather is a breath of fresh air.
Its founders – IIT Chennai graduates Tarun Mehta and Swapnil Jain – chose nuts and bolts science over air-conditioned computer terminals.
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