NEW DELHI: Alibaba founder Jack Ma is back in the capital after a gap of four months and has backed business-to-business (B2B) e-commerce as the model best suited for India and China, while pointing out that B2C, being pushed by the likes of Amazon and Flipkart, was the American model. Ma — a schoolteacher who became China’s richest man after listing Alibaba last year — met Prime Minister Narendra Modi on Monday and indicated to the possibility of a larger India presence, sources said.
NEW DELHI: Motorola, which sells phones exclusively via an online retailer, in India, has announced the launch of its first ‘Moto Care’ centre in India. Located at Jayanagar Road in Bangalore, the facility will provide service and support to customers and act as an experience zone, allowing potential consumers to get ‘hands on’ with the company’s product portfolio. The facility is spread across 3000sq ft.
NEW DELHI: Successful spectrum bidders, including Bharti Airtel, Idea Cellular and Vodafone, have made over Rs 7,000 crore towards upfront payments — a move that will help the government narrow its fiscal deficit target for the fiscal ending. Also, others telecom firms such as Reliance Jio and Tata Teleservices that won airwaves in the recent spectrum auction have committed to pay by evening today. Airtel has paid about Rs 5,000 crore while Idea Cellular deposited around Rs 2,000 crore as part payment for spectrum they acquired in auction last week. Vodafone has also paid some amount but the exact number could not be ascertained.
Snapdeal today announced it acquired a majority stake in RupeePower, a financial products distribution platform. RupeePower will be integrated into Snapdeal’s newly launched financial services marketplace. Further terms of the deal were not disclosed. As a result, Snapdeal customers will now be able to apply for loans through the ecommerce site. RupeePower will use its credit comparison, matching, and processing tech and its network of banks and financial institutions to find the loans best suited for those customers.
NEW DELHI: It has been long rumoured that Chinese device giant Xiaomi is working on an entry-level smartphone. The phone has even appeared online via a leaked picture, closely resembling the Redmi 2. Now, a new report sheds more light on the phone’s price and availability. The affordable mystery device from Xiaomi will be available at CNY 499(about Rs 5,000) and is expected to debut on April 8, as per a new report by Chinese blog Mydrivers.com.
NEW DELHI: Asus has announced that it is going to launch its new flagship phone, Zenfone 2, by last week of April 2015. Earlier, the company had said that the phone will be sold without flash sales or invitations, taking a dig at companies like Xiaomi, OnePlus and YU which sell their phones via special sales. Asus had launched the second iteration of its ZenFone series, ZenFone 2 (ZE551ML), at CES 2015 in Las Vegas.
NEW DELHI: It seems Indian handset maker Micromax is soon going to launch an all new budget smartphone — Micromax Bolt S300. The smartphone is available online at an e-commerce website for Rs 3,300. The smartphone comes with a 4-inch WVGA (480x800p) display. Powered by 1GHz single-core processor, Micromax Bolt S300 has 512MB RAM, and comes with 4GB of internal storage. Users can also install microSD cards of up to 32GB for more storage.
While the Indian IT firms are getting aggressive in buying smaller ticket size companies in the US, sources with direct knowledge share that one such candidate, Sierra-Cedar with HQ in Georgia, US is close to launching a sale process soon. Valuation expectation for a complete sale of Sierra-Cedar is pegged at around $350 million, a source said.
NEW DELHI: Starting today, several Delhi Metro commuters would be able to download new free apps from an application, which would also offer them redeemable points for recharging their smart cards. Delhi Metro Rail Corporation (DMRC) has entered into a tie-up with ‘Offer World’, an application for Android users, that in turn will reward users, who will download apps available in its kitty.
NEW DELHI: “It was really frustrating. We could see this guy was driving up the prices, without being serious about buying 900MHz. But we couldn’t do a thing. We just had to go higher and higher…we paid him back in the same coin in 800MHz. That was some pleasure.” “I learnt more about the business in a few days than I could have learnt in two years”. “My wife was really angry…we had to work on even Holi…it was stressful…family life went out of the window.”
NEW DELHI: Toshiba Corporation and United Technologies Corporation have announced plans to establish engineering centres in India, North America and Europe to support global innovation for heating, ventilating and air-conditioning (HVAC) products. “This cooperation is the first to result from the companies’ recent agreement to further strengthen their strategic collaboration through their joint venture Toshiba Carrier Corporation (TCC),” Toshiba said in a statement.
MUMBAI: A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 per cent stake in Indian handset maker Micromax Informatics for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea’s Samsung Electronics Co, at around $5 billion, the people said. They did not want to be named because the talks aren’t public.
MUMBAI: Idea Cellular is not overly concerned about being saddled with a bill of more than Rs 30,000 crore that it bid for airwaves in the just-ended auction, unlike investors who dragged the stock down on Friday. India’s third-largest phone company sees things differently — it now has clarity about the next 20 years, which includes tapping the country’s surging data growth. “We only have to look ahead,” Idea CEO Himanshu Kapania told ET in an interview. He said that the airwaves that have been acquired mean Idea can launch improved 3G services on the cost-efficient 900Mhz band.
MUMBAI: Mobile commerce is likely to overtake e-commerce in the next few years, spurred by the continued uptrend in online shopping and increasing use of mobile apps, says an industry report. “It is estimated that the mobile app download would grow six-fold by the end of this year to 9 billion apps,” said a KPMG report, adding the country has been the fastest growing mobile app market in both 2014 and 2013.
LONDON: Tata Consultancy Services, India’s leading IT services firm, today launched a smartphone application here that allows users to track, analyse and visualise Twitter conversations about the UK General Election to be held in May. ‘ElectUK’ has been created to engage voters, their representatives and political commentators by turning their smartphone into a Big Data social media analytics tool.
KOLKATA: Tata Teleservices surprised many by aggressively going after LTE spectrum in the 800MHz band, thwarting Reliance Jio Infocomm’s efforts to acquire contiguous spectrum in the band in key markets like Delhi, Maharashtra and Andhra Pradesh where the Tata group company won small slivers of the bandwidth, say analysts. “Tata Teleservices restricted Reliance Jio’s contiguous-800MHz footprint by preventing it from picking up contiguous (or full 5MHz slots) in Delhi, Andhra Pradesh and Maharashtra,” said analysts at J M Financial in a note seen by ET. Contiguous, or full 5MHz slots, frequency is necessary for good quality 4G LTE on 800Mhz.
NEW DELHI: China’s largest smartphone maker Xiaomi will begin selling its flagship phones in The Mobile Store’s brick and mortar shops, a first for the company which has so far stuck to its online-only sales model. A top executive at Xiaomi told ET a relatively lower number of Mi 4 and Redmi Note 4G will be available for purchase at The Mobile Store, which will begin selling them in 55 stores in Delhi NCR, from Saturday, at Rs 19,999 and Rs 9,999, respectively, the same prices as that offered on online partner Flipkart.
A dead battery, a cloudy screen, or a displaced earphone jack, and suddenly that shiny new smartphone stares blankly at you. That’s when you feel grateful for choosing a manufacturer who has a good customer support network in place – or despair at not having done so. Fixing a smartphone is not like changing a lightbulb. Most warranties require us not to open up the gadget even if we feel courageous enough to replace a part ourselves. That’s why most buyers want to know what kind of servicing will be available if something goes wrong.
Amazon is now trying something new in India, allowing shoppers to get food and other essentials delivered from nearby convenience stores. Because the items are shipped from local family-run stores, called kirana, the service delivers in just two to four hours. The new system is called Amazon KiranaNow. It only works from a mobile browser (pictured below), and it’s currently only available in one city – Bangalore (hat-tip to The Times of India for spotting this).
BENGALURU: Some of its biggest products — Acrobat, Illustrator, InDesign — are now entirely developed and managed out of India. And Adobe is strengthening its capacity in the country by buying office buildings in Bengaluru and Noida. The plan is to move out of leased facilities and create larger complexes over which it has greater control. “We have 3,500 people in India now. The new capacity can take that to 6,000,” says Shantanu Narayen, who has led the company as CEO since 2007. The country accounts for a fourth of Adobe’s global employee strength.