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E-retailing companies are focusing on turning unit economics positive and retaining customers as opposed to their prior focus on gross merchandise value, a recent report said. “We believe this may be a function of limited availability of capital, leading companies to focus on cash generation. Post government regulations that curtailed discounts, companies seem to have done away with the same; most discounts seen online are being offered by sellers or brands themselves,” PTI report published in Hindu Business Line quoted the study by Kotak Institutional Equities. Gross merchandise value is the total...

PayPal, one of the leading payment platforms, has appointed Anupam Pahuja as the MD and Country Manager for its India operations. Pahuja, has been associated with the company for six years now, served as head, technology in the APAC region. He will be responsible for all aspects of PayPal’s India business, while also strengthening the company’s operations as MD and Country Manager for its India operations. Read also: TranServ Brings Senior VPs From PayPal & Mobikwik On Board “India continues to be a key part of PayPal’s growth strategy. In...

Apple is reportedly removing the 13-inch non-Retina Macbook Pro from its retail stores. According to a report by the AppleInsider, while the laptop is still in stock and available for purchase, some stores in the US are no longer leaving it out for users to try it. It is speculated that this move is in anticipation of the new MacBook Pro, which is expected to be launched later this year. It is rumored that the new MacBook may feature a new OLED touch bar above in a separate row above...

Paytm has launched a series of consolidated programs to achieve a master ecosystem for the sellers. Paytm’s services to the seller community such as cataloguing services, financing opportunities, and documentation among others is increasingly on-boarding sellers from across India on its platform. Paytm is the only marketplace that has all tools interface available in Hindi. The company is in the process of launching 6 more regional languages as well. Currently, 30 percent of all Paytm seller app users are already using the Hindi language interface. The seller app has over...

Trade Association of Information Technology (TAIT), has announced the 9th edition of COM-IT Expo - an International Exhibition to be held from Friday, 30th September to Sunday, 2nd October 2016 at the Bombay Exhibition Centre in Mumbai. TAIT has hosted the flagship COM-IT Expo in India’s financial capital since 2007. The expo focuses on IT, Security & Surveillance, and Mobility. Every year the exhibition plays host to over 100 leading technology vendors, making COM-IT Expo one of the largest IT exhibitions in India. Looking at the overwhelming response every year, TAIT expects...

With a focus on driving business outcomes and customer experience by way of leveraging analytical services and products, the National Association of Software and Services Companies (NASSCOM) today inaugurated the fourth edition of its Big Data & Analytics Summit 2016 in Hyderabad. Growing at 8 times the current levels, the analytics industry is expected to reach USD 16 billion from the current level of USD 2 billion. Over 600+ analytical firms in India, out of which approximately 400 are start-ups, are positioning India as an emerging hub for analytics solutions...

Coursera, the open online education provider, announced that IBM India, the Indian subsidiary of IBM, will source high potential entrepreneurs to invite into its Global Entrepreneur program from Coursera’s Full Stack Web Development Specialization, a series of courses offered by the Hong Kong University of Science and Technology. At least twenty participants who complete the Full Stack Web Development Specialization and meet IBM criteria will be accepted into the IBM Global Entrepreneur. Selected participants will be provided with $120K USD in credit that may be used to access eligible IBM...

Tata Consultancy Services (TCS) has partnered with four colleges to offer courses in Big Data as it looks to strengthen the pool of workforce in the digital technology space in India. The four colleges - Swami Vivekananda University (West Bengal), St Xaviers College of Arts and Science (Ahmedabad), Central University of Rajasthan (Rajasthan) and St Joseph’s College (Bengaluru) — will offer MSc programme specializing in Big Data this year starting July 2016. Read Also: NASSCOM Kick Starts 4th Edition Of Big Data & Analytics Summit 2016 “The digital revolution is...

LeEco’s recently launched second generation Superphones Le 2 and Le Max2 are definitive trend-setters in the industry given their distinctive features, many of which are industry firsts. It is hardly surprising that the new Superphones have received such a tremendous response from users securing a record-breaking number of 150,000 registrations for Le 2 and Le Max2, in just 24 hours. It has surpassed the record of 1 lakh registration within 24 hours achieved by the predecessor Le 1s back in January. Given the unmatched value proposition of features and content...