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Founders of Flipkart — Binny Bansal and Sachin Bansal — have left the company. Now it is left to the company’s board, with four Walmart representatives (among other members) with Kalyan Krishnamurthy as the CEO to run the company and continue its battle agains... More »
When Rajeev Rastogi returned to India from the US in 2004, his day job was set for him: boot up Bell Labs’ India operations. For a person interested in data and its myriad uses, setting up a networking business wasn’t the most exciting thing to do. “I was told... More »
In April, when Samsung launched Bixby, its artificial intelligence-based voice assistant, in 200 countries, India was strangely not on its list. The Korean brand is the highest selling smartphone brand in the country but the company launched Bixby for India on... More »
It is every large format retailer’s wet dream to own brands, also called private labels. These in-house brands not only make a healthy contribution to the bottomline, they also help with service unmet market needs and plan inventories. The vagaries of the mark... More »
Reliance Jio, the fastest growing phone services company in the world, has stopped production of the current crop of JioPhones and is in talks to bring out an Android-based phone, three sources have confirmed. Currently, the JioPhone runs on KaiOS, an operatin... More »
Story Highlights Final drone policy to be ready by the year end, after two months of public consultation.Each drone needs to be registered before they can fly and must complete the listed operational procedures before each time they fly.Drones are not allowe... More »
Data scientists and machine learning engineers in India make about one-tenth of what their counterparts in the United States do, a leading global survey shows. The median annual salary in India, based on 450 responses, is $11,715 (Rs 7.5 lakhs), a fraction of ... More »
Story Highlights New investor money coming into GainBitcoin schemes has slowed down making it difficult for the company to keep its word on payouts to old investorsThe company has created multiple hoops that investors need to go through to get their money ba... More »
India’s aviation regulator DGCA, short for the directorate general of civil aviation, has put out for public consultations a draft policy for use of commercial drones in the country ahead of finalisation by January. While parts of the policy may seem cautious ... More »
GainBitcoin, the multi-level marketing cryptocurrency scheme accused of scamming investors of their money, has terminated all investment contracts with a promise to issue fresh contracts by the start of next year. This follows a crash in the prices of the Gain... More »
It was sometime in July when Flipkart decided that it wanted its own televisions, branded MarQ, to compete cheek by jowl with leading brands Samsung, LG, and Panasonic. What followed was a quick selection of the manufacturer; zeroing on a design; figuring out ... More »
A blockchain-based solution designed to help Indian banks and non-banking financial companies do their know your customer diligence of corporate borrowers, evaluate corporate lending risk, and manage vendors is ready to be deployed by the year-end. The solutio... More »