India, March 25 -- For all those who thought that Durex, the world's largest condom maker was launching denims will be disappointed. The company has launched a variant of condom, with a new packet that fits well in your body-hugging denim pocket.
Durex wants to target the upwardly mobile, digital savvy population who swipe left and right on Tinder for dating, and have an active sexual life. "The packet, which is the slimmest the company has come... Read More
India, March 24 -- For the second time Mukesh Ambani has changed the rule of the game in Indian telecom, and has made the superfast 4G networks his new battle ground, after he launched his telecom venture Reliance Jio in September.
The first time he did it was when the Ambani brothers - Mukesh and Anil - were still together. Their telecom company Reliance Communication, a part Reliance Group founded by late Dhirubhai Ambani, launched the Monsoon... Read More
India, March 23 -- Bharti Airtel, the telecom behemoth run by Sunil Bharti Mittal will be the biggest beneficiary of the Idea Cellular-Vodafone merger, according to analysts.
While the merger would create the largest telecom company in the country, with a market share of 42%, both Idea and Vodafone will have to let go some of its customers as regulations do not allow a telecom company to have more than 50% revenue market share in any circle.
Id... Read More
India, March 21 -- After months of desperate attempts to raise capital to fuel growth, India's largest e-commerce company, Flipkart has raised $1 billion from China's Tencents and Microsoft. The company is also in talks to raise another $1 billion, said reports.
Flipkart's fresh capital infusion can change the course of the e-commerce battle in India, where Amazon has been making strides.
Last year has been difficult for Flipkart - in many mont... Read More
India, March 21 -- Hours after Sunil Mittal-promoted Airtel issued a public statement that its network speeds are the fastest according to Ookla, a Seattle-based internet testing firm, rival Reliance Jio said "the public should not be misled by false claims based on Ookla results".
Reliance Jio is owned by Mukesh Ambani-led Reliance Industries, and has disrupted the telecom sector with its free internet services over high-speed the 4G network.
... Read More
India, March 21 -- Towards the end of 2016, Manu Jain, the India head of Xiaomi, realised that it would need a lot more manufacturing in this country than it already does.
The Chinese mobile handset maker, which has built a strong presence in India, was struggling to meet demand, even with a third-party manufacturing agreement with Foxconn, which has a factory in Sri City, Andhra Pradesh.
"That was the most frustrating part, the supply constrai... Read More
India, March 21 -- Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, may fire 6,000-10,000 people, to reduce redundant and non-performing employees.
The reduction in employee base will be a part of the appraisal process, according to reports, as digitisation and automation are becoming the new normal with Indian IT firms, and Cognizant is not different from Infosys, Wipro and TCS.
The comp... Read More
India, March 20 -- While Vodafone and Idea Cellular will merge to become India's largest telecom operator, its customers will also benefit from better infrastructure, better services and better tariffs of the combined entity. All this perhaps wouldn't have happened if Reliance Jio had not come into the fray with its free telecom services - to begin with, the Welcome Offer, and then its Happy New Year offer - and the company has promised to offer ... Read More
India, March 16 -- Lalit Agarwal has no qualms in admitting that at V-Mart, the company copies designs from international high street, and makes subtle changes that suit the taste of people living in tier-II, III and IV Indian cities. "We do not want to create fashion. We are not in that space, but we copy fashion from Milan and Paris, and improvise on them," said Agarwal, chairman and managing director of V-Mart, the retail chain that he founded... Read More
India, March 16 -- For some it might be a state of fear, for others it signals the future of the Indian startup ecosystem, which continues to witness companies collapsing one after another. Yogendra Vasupal was arrested by the Chennai police on charges of fraud, and inability to pay dues after his company Stayzilla, a homestay and hotel aggregating startup, ran out of money. Vasupal's story is not very different from many startups who raised mone... Read More