Free Press Journal
  • Flipkart revises Snapdeal buyout offer to $900-950 mn

    New Delhi: Online retailing major Flipkart is believed to have sent a revised offer of USD 900-950 million to buy smaller rival, Snapdeal, according to sources. The Bengaluru-based firm has offered to pay the said amount for buying Snapdeal’s online marketplace and Unicommerce, two people privy to the development said. In 2015, Snapdeal had acquired Unicommerce, an e-commerce management software and fulfilment solution provider. The sources did not wish to be identified as the

  • Qualcomm CEO for ‘out of court’ settlement with Apple

    San Francisco: Global chip maker Qualcomm that recently filed a new patent infringement lawsuit against Apple now expects ‘out of court’ settlement with the Cupertino-based iPhone maker. According to a Fortune report on Tuesday, Qualcomm CEO Steve Mollenkopf said during the Brainstorm Tech conference in Aspen, Colorado, that “those things tend to get resolved out of court and there’s no reason why I wouldn’t expect that to be the case here.” He

  • TCS Lucknow to shut down, crisis on 2,000 IT professionals

    Lucknow: The Tata Consultancy Services (TCS) is preparing to bid farewell to Lucknow as the staff members on Wednesday claimed they were informed by their team leaders that the company is wrapping up the work at the centre. At least 2,000 employees will be affected by this shift where 50 percent are women.

  • Bhopal: GST workshop clears doubts of traders

    Bhopal: Traders raised several issues during presentation on the GST by the commercial tax department here on Wednesday. Though the commissioner asked them to wait until the presentation is over., they (the traders) remained dissatisfied.

  • Bhopal: GST hits artisans, weavers hard

    Bhopal: Goods and Services Tax (GST) has hit the sale of artisans and weavers who displayed their handloom and handicraft items in an exhibition-cum-sale ‘Poompuhar’ at Gauhar Mahal.

  • Amazon

    Amazon says 900 jobs will be added at new Boston office

    Boston: Amazon says it will add 900 jobs at a Boston office that’s set to open next spring. The online retail company said yesterday it has signed a lease for a 14,000-sqare-meter space in a building along Fort Point Channel. It plans to hire people to work on its Alexa voice-activated technology, logistics and other business lines.

  • Indore: Technical glitch hits NSE, city loses Rs 300 cr trade in 3 hours

    Indore: Share market trades of the city came across a tough experience on the opening day of the week, as trading at National Stock Exchange (NSE) could not commence due to technical glitches for three hours. Resultantly, about Rs 300 crore trade could not take place on the day, putting a serious question mark on cyber and digital preparedness of the premier stock exchange of the country.

  • India earns G20 pat for startups and ease of doing business

    Hamburg: Acknowledging steps being taken by India for sustainable and inclusive growth as well as support to global economy, the G20 has praised the initiatives in the country for promoting ease of doing business, startup funding and labour reforms.

  • CBEC launches ‘GST Rates Finder’ app to ease compliance

    New Delhi: Aiming to enhance the ease of doing business post the rollout of the Goods and Services Tax (GST), the Central Board of Excise and Customs (CBEC) on Friday launched a mobile app ‘GST Rates Finder’ to assist users find accurate rates under the new tax regime.

  • Indore: Despite difficulties, she managed to taste success

    Indore: Determined to transform the way of life for women, 47-year-old Preeti Jain has paddled upstream despite pressure from family to give up. She has consistently worked towards her dreams overlooking everyone and everything that tried to stop her. Her strength and growth are proofs of her success today. Bringing change in the lives of several women, she has truly proved herself as a woman of substance.

  • GST: Firms must provide information to buy air tickets for business class

    New Delhi : Business houses buying tickets for individuals need to provide details about their GST registration to the airlines in order to avail benefits under the new tax regime.  The GST framework, which came into effect from July 1, provides for certain input tax credit on air tickets.

  • Infosys appoints D. Sundaram as Independent Director

    Bangalore: Infosys on Saturday announced the appointment of D. Sundaram as an Independent Director of the Company, effective July 14, based on the recommendations of the Nomination and Remuneration Committee of the Board. Sundaram is currently the Vice Chairman and Managing Director of TVS Capital Funds Ltd.

  • Ujjain: Business associations to observe ‘bandh’ against GST on Friday

    Ujjain: The Central India Chamber of Commerce will observe a bandh on Friday against the proposed Goods and Service Tax. This was decided at a meeting held on Monday at Kalidas Montessori School. All business associations will shut down their organisations and shops on Friday.

  • ReTechCon 2017: Identify and unleash the future opportunities in retail business

    The Retailers’ Association of India organised its annual technology conclave (ReTechCon) in Mumbai recently. Innovation and transformation were themes that kept recurring throughout the conference. The focus was increasingly towards improving the financial viability of providing a customer experience. Pankaj Joshi presents key takeaways from the event.

  • Infosys appoints Inderpreet Sawhney as group general counsel

    New Delhi: The country’s second-largest software services firm, Infosys, today announced the appointment of former Wipro executive Inderpreet Sawhney as its group general counsel. The appointment is effective July 3, 2017, Infosys said in a statement. Prior to Wipro, she has served as managing partner of a mid-sized law firm in Silicon Valley and has also worked with ITC Ltd as the in-house counsel.

  • Online Education is changing the way we learn. Find out how

    Dusty chalk and black boards are increasingly being replaced or switched between laptops and projectors at least in urban schools of India. This is just one aspect of technologies’ contribution. But yet another increasingly important aspect of education is online education system which is expected to grow at a CAGR of 52 per cent by 2021, as per KPMG. The Indian education industry is pegged at USD14, 400 crore by 2020, as

  • Uber head of finance leaving as company narrows losses

    San Francisco: Uber confirmed today that the company’s head of finance is leaving, just after the on-demand ride service trimmed its quarterly loss to USD 708 million on rising revenue. Gautam Gupta will depart Uber in July to become chief operating officer at a younger startup in San Francisco, according to the company.

  • Indore: GST enrollment window to reopen today

    Indore: Giving a last chance for migration to Goods and Service Tax Network (GSTN) before the rolling-out of GST from July 1, the GST enrolment window will reopen on Thursday for 15 days for traders, manufactures and service providers who have not enrolled to GSTN.

  • Nestle India launches ‘iron fortified’ Maggi noodles

    Nestle India on Tuesday launched the new product ‘iron fortified’ Maggi noodles. The new pack was launched as part of ‘Simply Good’ 2020 campaign started by the Swiss giant.

  • Swiggy raises USD 80 mn from Naspers, existing investors

    New Delhi: Online food delivery platform Swiggy today said it has raised USD 80 million (over Rs 517crore) in series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners.