News

Flipkart is reportedly laying off its employees who have failed to meet professional expectations. Quoting the sources in the company, the ET report stated that the decision is expected to impact 700 to 1,000 staff. “The cleanup is a part of the process of making Flipkart a lean organization,” ET report quoted one of the people cited above. The move, while not unique to Flipkart, is reflective of the challenging times for the online retail industry, as well as the company, which is attempting to find a balance between saving costs and...

Surging Defense Spending, need to tighten border security and introduction of 100 percent FDI in Defense sector would spur India’s night vision device market, predicts 6Wresearch. Rising terrorist activities, border intrusion from Northern, Western and Eastern borders, civil unrest, increasing defense spending and growing localization of defense equipment have led for the growth of Night Vision Devices (NVDs) in India, the research states. After the introduction of the Government’s “Make in India” campaign in 2014, the defense sector witnessed entry of various international players. According to 6Wresearch, India Night Vision Device...

Canon India reinforced its investment in retail expansion with the opening of its 200th Canon Image Square (CIS) store in Mumbai. The exclusive CIS store is located at Meera Road, Mumbai and brings the best in class photography and home printing solutions. Speaking on the launch, Kazutada Kobayashi President & CEO, Canon India, said, “Commitment towards the country and dedication of Canon, together has translated into growth over years and the 200th Canon Image Square (CIS) store is another indication of our rapidly expanding customer base across the country. With...

Oracle has announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at USD109.00 per share in cash, or approximately USD9.3 billion. “Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, Chief Executive Officer, Oracle. “We intend to invest heavily in both products - engineering and distribution.” “We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said...

The Gujarat government’s Centre for Entrepreneurship Development (CED) on Thursday said it has selected the Ahmedabad-based e-commerce company Infibeam as knowledge partner for its e-commerce training and development program. Infibeam will assist in grooming budding entrepreneurs and individuals to set up their businesses. The state government had recently launched an e-commerce workshop program ‘How To Start E-commerce Business’ in partnership with Infibeam Incorporation Ltd to create awareness on e-commerce. “So far, CED has received over 40 registrations from participants in the first batch comprising professionals, entrepreneurs, business owners, and individuals....

Emerson Network Power, has announced the ‘Rain Gain’ program for the July-Sept 2016 quarter. This channel incentive program is designed to reward Value Added Resellers (VAR) and channel partners through PAYBACK points for sales of Emerson’s small and micro uninterruptible power supply (UPS) products (up to 20 kVA). The Rain Gain program is valid for a time period of three months from July 01, 2016 to September 31, 2016. Emerson Network Power has formulated this program, keeping in mind the interests and benefits of partners as they are an integral...

Money-making opportunities associated with the Internet of Things (IoT) are coming into focus for companies across the information technology (IT) channel, new research from the technology industry trade association CompTIA reveals. CompTIA’s ‘Internet of Things Trends and Opportunities’ report finds that 23 per cent of channel companies surveyed say they’ve already made money from IoT offerings, compared to just 8 per cent in 2015. Looking forward, one-third of channel firms expect to make money from IoT in the next 12 months. “The channel is making significant progress with monetizing the...

In a bid to give boost to the startup ecosystem in the state, the Karnataka government has joined hands with a wide range of companies including IBM, Amazon and Microsoft to offer a slew of benefits to startups. Under the initiative called as the Startup Booster Kit, IBM will offer a suite of cloud services including SoftLayer and Bluemix worth $10,000, Amazon will offer $3,000 of cloud credits, and Knowlarity and Exotel will offer cloud telephony services at discounted rates. The state-run BSNL will offer discounted rates for accessing the...

Reliance Communications (RCOM) on Wednesday launched a new content-bundled data offer ‘MoviNet Plan’ combining movies, music and Internet access. The pre-paid MoviNet Plan starts at Rs 235 per month and gives 2.5 GB of high-speed ‘Any-Use Data’, including 1.25 GB of ‘Any-Time Data’ access and 1.25 GB of night data. The MoviNet Plan is also available to post-paid users at a monthly rental of Rs 450, in which customers get subscription-free access to an ‘Entertainment-on-Demand’ library, along with 3GB of hi-speed data and 1,000 minutes of local and STD calls....

Epson, a world leader in digital imaging and printing solutions, today announced the launch of their first ever duplex InkTank printer, the Epson L655. This is an all-in-one printer with ADF, WiFi, networking, fax and duplex functionalities as well as a suite of connectivity features, aimed at achieving cost effective speed and quality. Ideal for office and commercial environments, the Epson L655 prints color documents with razor sharp text and images, and black prints that are additionally water and smudge-resistant. It offers reliable quality of 4800 dpi high resolution output....