First Post — Microsoft chief Satya Nadella said the tech giant will fund hundreds of new generation entrepreneurs in India’s ‘smart cities’ space and is overwhelmed by the startup culture in the country, especially in e-commerce. Delivering keynote address at ‘Future Unleashed: Accelerating India,’ which is Microsoft’s largest ever customer conference in the country, Hyderabad-born Nadella also announced new partnerships with e-commerce leaders such as Justdial, PayTm and Snapdeal.
Mumbai based local search services firm JustDial Ltd. (BSE:535648; NSE:JUSTDIAL) yesterday announced plans of expanding its operations to overseas markets in the UK and the UAE in September and October, respectively. The announcement was immediately followed by a 4.31 percent leap in trade, according to a report by The Economic Times . Besides the UK and the UAE, JustDial also has plans to enter into a number of Southeast Asian markets, especially those in the emerging phase.