Flipkart has been and will continue to make acquisitions to increase scale India's top e-commerce firm Flipkart has raised $1.4 billion in its biggest fundraising to date as it takes on US tech giant Amazon.com Inc for a larger share of the country's burgeoning online retail market. Chinese social media and entertainment firm Tencent Holdings Ltd, the world's biggest software company Microsoft Corp and online marketplace eBay Inc participated in the funding round, Flipkart said in a statement on Monday, which will value the Indian company at $11.6 billion. That is lower than the $15 billion valuation achieved at its last fundraising in 2015, reflecting how competition has intensified in the e-commerce sector as companies vie for a slice of the world's fastest-growing internet services market. Amazon last year said it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping, seeking to expand aggressiv...
Price in India, other countries can fluctuate a little bit because of taxation and cost factors Finnish mobile device player Nokia is in reboot mode as it gets ready to bring to India its 17-year-old iconic Nokia 3310 handset for about Rs 3,500, along with its Android smartphones, next quarter. "All the products that we have announced Nokia 3310, Nokia 6, Nokia 5 and Nokia 3 will be available in the second quarter of this year in India. Average global selling price for Nokia 3310 is 49 euros," HMD Global Oy Chief Marketing Officer Pekka Rantala said. HMD Global has licence to design and sell Nokia branded phones globally as well as use technologies developed by Nokia Corporation. Also Read : Technology News, Latest Technologies, Products, Gadgets, Gizmos, Trends from India and the World "Now, we are celebrating the new era of Nokia brand that is the reason we are with HMD Global. Let me also be very clear that we would not license the Nokia brand to j...
Azim Premji, who donated Rs 27,514 crore for education is the “ Most Generous Indian ” for the third year running followed by Nandan Nilekani and Narayana Murthy in the second and third place, respectively. As per the Hurun India Philanthropy List, which is a ranking of the most generous individuals from India, 70 years old Azim Hashim Premji was named as the most generous Indian as he donated Rs 27,514 crore for education. Read Articles
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