Hence forth it won’t be easy for sellers to register on Paytm mall – an e-commerce division of Paytm. This is because it has imposed several new mandatory rules on existing sellers as well prospective sellers wanting to register on their e commerce platform. These new rules that will help to keep a check against fraudulent sellers and cheap products have already led to delisting of 85,000 sellers from their platform. According to the new rules, now sellers will have to compulsorily furnish brand authorization letters to validate the quality of their product. Additionally, they will have to produce registration…
Author: Girish Shetti
One 97 Communications, which owns digital payment statrtup Paytm, has acquired majority stake in insider.in – an online ticketing platform that gives people access to curated lifestyle events. This is according to the statement released by the company. As per the media reports, the entire deal is valued a little over 35 crore. Insider.in was founded by Shreyas Srinivasan and was until now owned by Only Much Louder (OML) Entertainment Pvt Ltd. After this deal, Srinivasan and OML’s co-founders Vijay and Ajay Nair will continue to remain minority stake holders and also will continue to be part of the company’s…
Mitsui & Co, a part of Japanese conglomerate Mitsui Group, has injected nearly Rs 20 crore or $3 million in Hyderabad-based automotive tech startup Smart Auto Systems. This is according to the latest documents filed by the company with the Registrar of Companies (ROC). Founded in 2015 by Vijay Gummadi and Venu Donepudi, this is the first time that this Hyderabad-based tech startup has received funding from an external source. According to the documents filed with ROC, the funding process was completed a couple of months ago and three members from Mitsui have already joined Smart Auto Systems’ board of directors…
The biggest company in the computer department Intel has announced their plans to expand its research and development in India. Intel has launched a new “state-of-the-art” design hub in Bengaluru (Bangalore). They have decided to open a smart and green building with IoT technology and have made an investment of the huge amount of $178 million. The countries like India play a significant role in growth and development of Intel Company. Nivruti Rai is the general manager of Intel in India. The company says that it has invested a total amount over $4.5billion in India since 1999. The opening of…
Any person who’s following the technology industry over the last decade might definitely have heard about Andy Rubin and his huge contributions to Mobile computing. One of the co-creators of Android operating system, Andy Rubin has come up with a new operating system named Ambient OS which is powered with AI and can control your home functions. The father of Android has designed the Essential Home product to support all smart home systems. The company also launched its Essential Phone very recently which has a modular accessory system, an outlandish screen with edge-to-edge display, 360-degree camera, 4GB RAM, Qualcomm 835…
Naveen K. Jain, excellent business entrepreneur, executive and the founder and former CEO of InfoSpace, is also known as one of the co-founders of Moon Express, and moreover, he is the current chairman of it. He is all set to release his next audacious venture named Viome, which will prove to be The Groundbreaking Revolution in the field of Healthcare. Viome is promised to be a health care company, which aims to utilise the artificial intelligence in order to improve its customers’ health. Artificial intelligence will help to make dietary recommendations, like which nutrient rich food should a person intake as well as other…
An attribution model is basically a rule or sometimes a set of rules, which actuates that how credit for sales and conversions is attributed to some touch points or clicks in conversion paths. Citing an example for it: Analytics model, Last Interaction model that assigns 100% credit to the ultimate touch points that immediately precede conversions or sales. Google’s attribution efforts started back in 2014. It acquired a start-up that specialised in measuring marketing impact. It was initially named Adometry and then they quickly reconstructed to form into Attribution 360 and rolled out an important part of Google’s Analytics 360 Suite then. It has been two years…
Jia Yueting, the founder and the chief executive officer of the company LeEco stepped down from his post at Leshi, the sister concern of LeEco, on Sunday after the deal with US giant Vizio could not be finalised due to regulatory headwinds as reported. What is more shocking is that on Tuesday, the company said it will hand pink slips to its 325 employees, or 70 percent of the workforce of its US business, due to a lack of funding. LeEco had seen this coming from the very beginning. The Chinese giant that was founded in 2004, was established as…
Chromebooks are laptops that run on Google Chrome’s Operating System instead of Windows 10 or Mac or Ubuntu. MacBook is a product of Macintosh which is manufactured by Apple Inc. It was launched in January 2006. MacBook is one the best available notebooks in the market. It has a unibody made of aluminium whereas Surface is a series of touchscreens from windows personal computers. It is a Microsoft product. It is manufactured by Pegatron. It was an initiative taken to integrate Window’s system with its own hardware. A lot of people generally get confused when buying a laptop or notebook.…
Paytm was founded in 2010 by Vijay Shekhar Sharma, the founder of One97 Communication Ltd. It was launched as a prepaid mobile recharge website. Paytm wallet was launched in 2013, making it India’s largest mobile payment service platform. Demonetization of 500 and 1000 rupee currency notes boosted it usage in November 2016. Paytm now plans to go big. It shall launch its first physical branch today i.e May 23, 2017. Paytm Payments Bank shall inaugurate its first branch at Noida. It has the vision to have more than 31 branches and 3000 customers across Delhi, NCR by the end of…
If you are strolling in one of the posh malls at Dubai and suddenly come across a 220 pound, 5 feet 6 inches tall REEM humanoid robot, designed by PAL Robotics, do not be taken aback. This is now going to be the future of police force across the globe. Dubai police is set to launch its first fleet of robot police on May 24, 2017. It also plans to make up 25% of its total force with such robots by 2030. This fleet of robots that are soon to be launched aren’t armed with weapons. Neither shall they arrest…
The SoftBank group of Japan along with Saudi Arabia’s sovereign wealth fund announced a $100 billion fund for the IT revolution. The main areas will be artificial intelligence, robotics and semi-conductors. However, SoftBank added that their areas of focus also included internet-of-things, infrastructure, telecoms, biotech, fintech, mobile apps and more. The funds will steer capital for global startups and other firms for latest cutting-edge technologies. The SoftBank’s fund is reported to be the highest in the IT industry. It has closed its initial phase with a commitment of $93 billion and has a bevy of high-profile companies such as Apple,…