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20 February, 2018 8:43 AM E-commerce sector to grow 17% with $38.5 bn GMV in FY18

E-commerce sector is expected to grow by 17 percent in gross merchandise value (GMV) at USD 38.5 billion during the financial year 2018, IT industry body Nasscom said in its outlook for the year on Tuesday. The growth is being led by an increase in the demand for online hotel booking and online food and grocery delivery. The global digital spend is expected 33

20 February, 2018 3:53 AM Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Report

Samsung Electronics Co will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc's decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday. Samsung Display now plans to make OLED panels for 20 million or fewer iPhones at the South Chungcheong plant in the January-March quarter 31

19 February, 2018 2:16 PM Star wins audio-visual production rights for IPL, BCCI domestic season

Mumbai: The Star India Pvt. Ltd, which holds the media rights of the Indian Premier League, on Monday also won the audio-visual production rights for not just the IPL but also the BCCI's domestic circuit for the 2018-19 season. The BCCI had invited Request for Proposal (RFP) documents for services relating to the live production of all matches for the IPL and the domestic 34

16 February, 2018 8:47 AM Walmart in talks to buy more than 40% of Flipkart: sources

In what would be one of its biggest overseas deals, the U.S. retailer is looking at buying new and existing shares in Flipkart. Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday 30

16 February, 2018 7:51 AM Mahindra to invest up to ₹176 crore in car-rental startup Zoomcar

“We are confident that this partnership with Zoomcar will help further our vision to transform mobility in the country, thereby creating a more connected ecosystem,” said Dr. Pawan Goenka, managing director of Mahindra & Mahindra Ltd, in a statement. The investment, converted to common stock of Zoomcar Inc on a fully diluted basis, would constitute approximately 19

15 February, 2018 4:34 PM Political parties collected over Rs 1,500 crore during five Assembly elections in 2018: ADR

Political parties collected over Rs 1,500 crore during the five state Assembly elections held in 2017. New Delhi: Political parties collected over Rs 1,500 crore during the five state Assembly elections held in 2017 but spent just Rs 494 crore, according to an analysis by ADR. The figures are cumulative for five national and 16 regional parties put together 50

14 February, 2018 3:21 AM "Scariest Flight Of My Life": Plane's Engine Covering Ripped Apart

Passengers aboard a United Airlines flight from San Francisco to Honolulu had a scary trip over the Pacific Ocean on Tuesday, after the casing around one of the engines ripped apart, officials said. United flight 1175, with more than 370 people on board including crew members, landed without incident at Honolulu International Airport, United Airlines 47

14 February, 2018 2:39 AM Uber's fourth-quarter loss narrows to $1.1 billion

Uber Technologies Inc narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters. The ride-hailing company`s quarterly revenue rose 11.8 percent to $2.2 billion from its previous quarter, the source said. Uber has gone on to raise more than $14 billion in new funding 42

8 February, 2018 2:15 PM Google eyes gaming with ‘Yeti’ streaming service: report

It will let people play games as they're being streamed. Alphabet Inc.'s Google is developing a subscription-based game streaming service that could work either on its Chromecast or a Google-made console, which is still being developed, The Information reported on Wednesday. The service, codenamed ‘Yeti’, would put Google at the forefront of a new part of the videogame 31

6 February, 2018 7:11 AM Walmart's tech incubator buys VR startup Spatialand

Walmart Inc's technology incubator, Store No 8, said it bought virtual reality startup Spatialand to build VR products for the retailer's stores and websites. Spatialand, which worked with Store No 8 on a VR project last year, is a software platform that helps create virtual reality experiences. Store No 8 principal, Katie Finnegan, will serve Interim 38