With the Indian cloud computing market becoming increasingly competitive, Google is sharpening its focus on India for its Google for Work, a set of cloud-based offerings for enterprises, to raise productivity and internal collaboration. According to the company, India has become one of the fastes…
Tag: Amazon
Smriti Irani to launch ‘Selfie with Handloom’ campaign to boost textile industry
The newly-appointed Union Textile Minister Smriti Irani is not the one to lie low for long. After having been eased out of the Ministry of Human Resource Development (MHRD) where she had made ripples with such decisions as moves on the New Education Policy (NEP), The Minister is ready to give Ind…
DIPP to coordinate Amazon’s training programme launchpad for entrepreneurs
Ecommerce major Amazon will provide its “Launchpad” services to startups and train them in marketing products as part of government’s plan to bring its expertise to Indian startups. The Department of Industrial Policy and Promotion (DIPP) will act as a coordinator and help organ…
Myntra pips Snapdeal and Future Group, acquires Jabong for $70 million
Flipkart-owned Myntra on July 26 pipped Snapdeal and the Future Group to acquire rival Jabong in a $70-million all-cash deal that creates India’s largest online fashion destination, reduces discounts and strengthens the Bengaluru-based company’s prospects of keeping Amazon at bay in t…
Google races to catch up in cloud computing
When it comes to cloud computing, Google is in a very unfamiliar position: seriously behind. Google is chasing Amazon and Microsoft for control of the next generation of business technology, in enormous cloud-computing data centers. Cloud systems are cheap and flexible, and companies are quickly …
Sistema, others load Rs 67 crore onto QwikCilver gift card
Gifting card solutions provider QwikCilver has raised a new round of funding, pegged at $10 million (Rs 67 crore), led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema. Other existing backers of the Bengaluru-based company, which include Amazon Asia-Pacific, Accel India …
Furniture retailer Ikea to invest Rs 1,500 crore in Mumbai
World’s largest furniture retailer Ikea is investing Rs 1,500 crore here as part of plans to have 25 stores across India by 2025 and its first store is likely to come up within 18 months in Navi Mumbai, an official said. It is among the several companies including Amazon, Microsoft, Owens C…
BigBasket mulling to invest up to Rs 90 crore for recruiting more farmers to its network
BigBasket plans to invest up to Rs 90 crore to recruit hundreds more farmers to its network, beefing up its supply chain ahead of a potential entry of deep-pocketed global corporations including Walmart and Amazon into India’s online grocery market. The investment, which follows a $150 mill…
Cloud services high on Microsoft India priority list
Microsoft, the information technology multinational, is raising its focus on security, high-end computing applications and developer community building services on the cloud. Cloud computing is the term for using a network of remote servers, hosted on the internet, to store, manage and process da…
InnoVen Capital clocks Rs 82 crore deals in first quarter
Temasek-owned InnoVen Capital has struck deals worth Rs 82 crore in the first quarter of the current fiscal, as the venture debt firm looks to make deeper inroads into Asia’s third-largest economy and rapidly-maturing startup ecosystem. InnoVen Capital, which is also backed by Singaporean m…