Amazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned ‘More’ retail chain for an enterprise value of Rs 42 billion ($580.35 million), CNBC TV18 reported on Wednesday, citing sources.
Amazon India’s flagship campaign ‘Apni Dukaan’, to connect with customers in the remotest parts of the country, could run into copyright issues. Pune-based businessman Ravi Jain, who registered apnidukaan.com as a domain name back in 2007, wants Amazon to stop using the campaign.
The value of digitally influenced spending in emerging markets will be around $ 4 trillion by 2022 and will amount to about half of all retail spending in Asia, Latin America and Africa, says a report.
Infosys has lost an arbitration battle against its former chief financial officer Rajiv Bansal over his severance package. The arbitration tribunal has directed the IT firm to pay Bansal the pending amount of Rs 121.70 million with interest. Infosys’s counterclaim for refunding the previously paid severance amount of Rs 52 million has also been rejected.
Former Infosys chief financial officer Rajiv Bansal has filed a caveat in a civil court in Bengaluru against the city-based company after an arbitral tribunal directed it to pay him outstanding severance package amount of Rs 121.7 million with interest.
Microsoft announced on Tuesday new AI and mixed-reality applications for its Dynamics 365 online business software, putting to use its augmented-reality goggles HoloLens for businesses.
Chinese smartphone manufacturer Vivo started its journey with devices tuned to deliver best-in-class audio capabilities. With fast-changing dynamics of the smartphone game, the company soon shifted its focus to imaging by integrating higher megapixel cameras in its devices. Now, at a time when the specification race has saturated and the mobile phone game has moved…
South Korean electronics giant Samsung is among a few companies that continue to focus on tablets to fill the gap between smartphones and notebooks. Tablets provide a convenience of a smartphone in a big form factor with a huge screen estate. These devices, when connected with a keyboard and mouse, also double up as a…
Indian companies receive over 0.5 million security alerts a day, but nearly 39 per cent of these goes unattended due to lack of required skill sets in organisations, a report by tech giant Cisco said on Wednesday.
Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user data in the country, arguing it will hurt investment and the business models of foreign and domestic firms.