News

The Insurance Regulatory Authority of India’s (IRDAI) has floated a proposal to set up an online insurance self-network platform for e-commerce operations, to bring in financial inclusion services for the deprived sections of the country. The move is also aimed at inflating the penetration of insurance services in the country. As per IRDA, ”Mobile internet usage in rural areas has gone up significantly in the last two years. We are particularly heartened by the response to the Pradhan Mantri Suraksha Bima Yojana scheme. It was a brilliantly conceived idea for...

Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction. Read Also:Symantec Partners With Hosting Providers For Encryption Everywhere Blue Coat is the...

Shoppers today no longer simply go to the nearest store; they grab the nearest digital device. The online retail ecosystem is fast evolving. Digital analytics firm eMarketer projects that online retail sales will more than double between 2015 and 2019 and account for more than 12 per cent of global sales by 2019. Retail therapy is giving way to e-tail therapy. Amazon followed by Filpkart and Snapdeal were the most preferred e-commerce websites among sellers, with highest top of the mind recall, a recent study has revealed. Read Also:Samsung India...

While Walmart, the retail chain with 11,527 stores is promising to match the competitor’s price if the shopper exhibits an advertisement of the same product, eCommerce giant, Amazon is betting big on price drops for its merchandise, purchased recently by shoppers. If the pricing of a product is slashed within 7 days of purchase, Amazon will refund the difference to the consumer. As per experts in the retail segment, the third party refund tracking applications have influenced Amazon’s pricing algorithm concluding in lowered margins retrospectively. For competitors of Amazon, it...

TalentSprint, the Youth Career Accelerator in India, has unveiled a series of new digital programs aimed at BTech, BSc fresh graduates and final semester students who hail from tier 2 and tier 3 regions and are seeking their first job in the IT sector. With a mission to empower one million youth realize their career dreams, TalentSprint intends to position these holistic, well-rounded programs as one-stop career solutions that can help rural and semi-urban youth overcome traditional barriers of gender, geography, and privilege. While young college graduates across the nation...

Everyone questioning about Apple’s growth story as the company has experienced a slowdown in the momentum of it’s hardware sales. But Apple aims to bolster its services by making them smarter and opening them to outsiders. Thus Apple kicked off its annual software developers conference with new software features for its smartwatch, following a moment of reflection for the Sunday mass shooting in Orlando, Florida. Read Also:Govt May Allow A Sourcing Norm Breather To Apple The tech giant’s iPhone sales dropped 16 per cent to $US51.19 million in the recently...

Computer accessories maker, Logitech has added 15 new technology partners under its Logitech Collaboration Program which include video conferencing partners as well as technology partner tracks. The company also claims that its new collaboration program fetches the partners with access to its Software Reference kit, which includes APIs to connect Windows, Mac OS X as well as Linux applications with Logitech’s video and audio devices. As per Joan Vandermate, head of marketing, Logitech Video Collaboration Group, the company has retained its top most position in the global list of webcam...

Industry body India Electronics & Semiconductor Association (IESA) says that Indian electronics industry is ready to fulfill components wish list of Apple for making iPhone in India if Apple provides purchase commitment to local firms. “If government says fall in line, industry associations are prepared to enter into agreement with Apple and say tell us what your wish list is, we will fulfil it in next 3, 6, 9 and 12 months,” IESA President MN Vidyashankar told DNA. Apple has submitted proposal for setting up single brand retail stores in the...

The operator community has come up with a 100-day plan in this regard, which will include setting up of additional 60,000 towers across the country along with leveraging the latest network technology for an enhanced consumer experience. The plan was tabled by the telecom operators in a meeting with the secretary of the Department of Telecom(DoT). The meeting witnessed the presence of incumbent players including Bharti Airtel, Idea, BSNL, Vodafone and Reliance Jio which assured DoT regarding better quality of services in the coming times. The DoT secretary has also...