After a year of becoming an app-only fashion retailer Myntra is going back to launching its desktop website, in what stands to be a significant development for the e-commerce industry. The move is indicative of how the mobile-only strategy, a first for any e-tailer, pushed by Myntra and its Bangalore-based parent company Flipkart did not yield desired results.
» Read moreManish Dugar, chief financial officer at mobile ad network InMobi, has quit the startup to join Bengaluru-based healthcare services provider Practo Technologies, several people familiar with the development told PTI. The exit of Dugar is a reflection of the mobile advertising network’s struggle to survive fierce competition from the likes of Google and Facebook. According to these people, InMobi has […]
» Read moreMicrosoft has seen higher rate of adoption of cloud services in the country after setting up local infrastructure and is now aiming for a market share of more than 40% in the next fiscal in this segment, a top company executive said. The growth in cloud services has been driven by small and medium businesses (SMB) and startups, along with […]
» Read moreHero Group’s electronics manufacturing company Hero Electronix has made a strategic investment in Bengaluru-based Tessolve Semiconductor. The Rs 300-crore Hero Electronix will hold a majority stake in the company by the end of this year by buying out other stakeholders in Tessolve over the next several months. With this acquisition, Delhi-based Hero plans to take a deep dive into electronics […]
» Read moreRealty portal Housing.com has said it has appointed former KPMG director Dilip Tuli as senior vice president-Strategy and New Business Initiatives. Dilip Tuli will assist with strategy and oversee new business initiatives such as transaction facilitation and fulfilment services, Housing.com said in a statement.
» Read moreIndia’s information technology industry is expected to post the seventh straight year of improving productivity, as automation adds to efficiency and drives down hiring rates among software services companies. The industry is estimated to have required 16,055 engineers to generate every additional $1 billion of export revenue in 2015-16, compared with 31,846 engineers in 2009-10, according to Nasscom data — […]
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