Absolutely it has proved again by the battleground in the space of e-commerce. It is among the top US based multinationals outside of USA between Walmart and Amazon, each of which lost out on the world’s largest e-commerce market – China.
There are other significant shareholders in the company include early investor Accel Partners, South African media conglomerate Naspers and US-based online marketplace eBay. Walmart and Alphabet are seen joining forces once again as they seek to take on Amazon’s growing retail clout, this time in a market outside the US.
Walmart will acquire about a 60 percent stake in Flipkart, while Alphabet will get a roughly 15 percent stake in the online marketplace for about $3 billion, one of the sources said. US retailer Amazon is Flipkart’s largest online competitor in India, though Flipkart has the biggest market share. Amazon was also reportedly interested in a Flipkart buyout, which would give it control of around 90% of the market. If the Walmart deal goes through, however, Amazon and Flipkart would remain competitors – which would likely be the best result for consumers….Read More
New technologies that are poised to redefine our economy. Such as, Blockchain is a technology for a new generation of transactional applications that establishes trust, accountability and transparency while streamlining business processes.
A blockchain has two main concepts. A business network, where members exchange items of value through a ledger, which each member possesses and whose content is always in sync with the others. It is the most disruptive technology of this decade.Blockchain technology market size will be worth 2.3 billion by 2021.
A blockchain is a shared, encrypted ledger that is maintained by a network of computers. It’s like a giant spreadsheet shared by many, that shared by multiple people, better known as blockchain, has the potential to eliminate huge amounts of record-keeping, save money.Blockchain is getting implemented across industries and professions. Several technology companies have already moved into this area, including Microsoft with the Azure cloud platform , IBM with IBM Blockchain, its public cloud service, and Amazon’s AWS, who has partnered with the Digital Currency Group and another technology services companies like TCS, Infosys, Wipro, Tech Mahindra and Capegemini also started giving services into this sector.
IBM is developing enterprise-ready solutions that overcome existing limitations of blockchain technology in terms of privacy, confidentiality, audibility, performance and scalability…..Read More
Flipkart Group (“Flipkart”) has announced an investment – a mix of primary and secondary capital – from SoftBank Vision Fund (“Vision Fund”). This is the biggest ever private investment in an Indian technology company, and will make the Vision Fund one of the largest shareholders in Flipkart.
The investment is part of the previously announced financing round, where Flipkart had raised capital from three of the world’s premier technology companies – Tencent, eBay and Microsoft. After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet…Read More
Snapdeal’s board has approved its competitor Flipkart’s revised takeover offer of up to $900 million. The announcement of approval has also brings to an end the long-delayed merger talks that began almost a year ago with Snapdeal sending feelers to Flipkart.
According to the reports, The Snapdeal board will now consult other shareholders, and the deal is likely to formally conclude early next month.
Snapdeal, which posed a challenge to Flipkart’s leadership in its prime, began losing traction after Amazon doubled down on its India expansion plans. Investors’ reluctance to pump more money into the troubled e-tailer decelerated it even more, forcing it to opt for a merger with Flipkart….Read More
The new Moto E family, Moto E4 Series come with extra power to meet the requirements and make the smartphone experience smarter.
With sharper looks and major upgrades, they deliver the things you want – all day battery, outstanding display and advanced camera capabilities – at just the right price.
Moto E4 Plus, outfitted with a vibrant, 13.97 cm (5.5”) HD display wrapped in smooth metal, it will be hard to put it down. With a 5000 mAh battery, you can go longer without worrying about recharging for up to 48 hours. Moto E4 Plus comes with the 10W rapid charger, which gives you hours of battery life in minutes of charging.
The Moto E4 Plus comes with the dual SIM slots and lets you store as much as you want on the 32 GB internal storage that’s expandable up to 128 GB with a dedicated MicroSD card slot….Read More
Flipkart’s Gridlock Hackathon, a one-of-a-kind initiative to crowdsource innovative, implementable solutions from the tech community and concerned citizens, that could help ease Bengaluru’s perennial traffic problem has seen participation from 400 companies.
The initiative was announced as part of the ‘Month of Innovation’ at Flipkart, a part of its 10 year anniversary celebrations.
Gridlock Hackathon was announced on 7 June and concluded the online submissions on July 2, 2017. The contest witnessed close to 3,000 registrations including over 1,000 teams. The top 10 entries will be shortlisted and invited to present their solutions on July 8 to the panel of esteemed jury comprising Binny Bansal, Group CEO, Flipkart; Sridhar Pabbisetty, CEO, Namma Bengaluru Foundation; and Abhishek Goyal, DCP, Traffic East Division, Bengaluru City….Read More : http://www.varindia.com/news/flipkarts-gridlock-hackathon-sees-participation-from-400-companies
Xiaomi has launched a range of accessories in India, including Mi Wi-Fi Repeater 2, Mi Bluetooth Speaker Mini, 10,000mAh Mi Power Bank 2, and 20,000mAh Mi Power Bank 2.
Mi Wi-Fi Repeater 2 delivers fast, stable connections for up to 16 devices, and has two built-in high-performance PCB antennas to expand router signal range and boost download speeds. That can be easily adjusted at a 180° rotation, Mi Wi-Fi Repeater 2 takes up minimal space, while eliminating Wi-Fi dead zones. The Mi Home app identifies, analyzes and resolves Wi-Fi issues easily. The USB connector on Mi Wi-Fi Repeater 2 gives multiple power possibilities. Simply plug-and-play with power sockets, power strips, power banks, or laptops to power up.
Mi Wi-Fi Repeater 2 is compatible with most popular router brands, and will be available exclusively on Mi.com and Mi Home at Rs.999 from June 20, 2017.
The Mi Bluetooth Speaker Mini is small in size, but big on sound. The smooth metal housing has gone through metal stamping, polishing, sandblasting, anodized oxide colouring, and CNC diamond cutting to achieve its gorgeous exterior. This careful step-by-step process creates a structure that makes it robust enough to withstand various environments. Mi Bluetooth Speaker Mini features Bluetooth 4.0 technology for a stable, energy-efficient connection and is elegantly designed with both the power button and the micro USB charging port neatly tucked at the bottom. There is also a built-in microphone, with noise reduction technology to allow for a high-quality calling experience.
Mi Bluetooth Speaker Mini will be exclusively available in Grey, and Gold colours on Mi.com and Mi Home at Rs.1,299 from June 21, 2017….Read More : http://www.varindia.com/news/xiaomi-unveils-power-banks-wifi-router-and-bluetooth-speaker