Alibaba misses revenue forecast in Q3, stock tanks; Amazon surprises with profit in Q4, India vendor base rises to 16K

Friday, January 30, 2015 Comment

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Global e-commerce giants and staunch competitors, Alibaba Group Holding Ltd and Amazon.com Inc reported 40 per cent and 15 per cent increase in revenue during the quarter ended Dec...

Uber rape survivor files lawsuit in US court against company

Friday, January 30, 2015 Comment

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A 25-year-old Indian woman, allegedly raped by an Uber driver in New Delhi last month, has sued the online taxi service company in a US court for failing to maintain basic safety m...

TC Roundup: Transport dept finds gaps in applications of Uber, Ola, TaxiForSure

Friday, January 30, 2015 Comment

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Transport dept finds gaps in applications of Uber, Ola, TaxiForSure: The Delhi Transport Authority has found gaps in applications by Uber, OlaCabs, Taxi For Sure and NTL Call Cabs...

MakeMyTrip invests in Simplotel from its Innovation Fund; ups revenue guidance for full FY15

Thursday, January 29, 2015 Comment

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NASDAQ-listed online travel services firm MakeMyTrip (MMT) has picked a small minority stake in Bangalore-based travel tech startup Simplotel Technologies Private Limited (Simplote...

Bharti Airtel seeks to convert Airtel Money into payments bank; Kotak Mahindra to buy 19.9% stake

Thursday, January 29, 2015 Comment

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Airtel M Commerce Services Limited (AMSL), a wholly owned subsidiary of telecom major Bharti Airtel, which runs mobile money services under the brand name Airtel Money, is planning...

Zomato buys Turkey-based restaurant search service Mekanist

Thursday, January 29, 2015 Comment

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Gurgaon-based Zomato Media Pvt Ltd, the company behind popular restaurant listing and review site Zomato.com, has struck its seventh overseas acquisition since July and the second...

Olacabs may buy TaxiForSure to take on Uber

Thursday, January 29, 2015 Comment

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Online cab booking service Olacabs.com, run by Mumbai-based ANI Technologies Pvt Ltd., is in advance talks to acquire Bangalore-based Serendipity Infolabs Pvt Ltd which runs rival ...

Facilitating mobile talk-time advance is one of our biggest business drivers: mCarbon’s Rajesh Razdan

Thursday, January 29, 2015 Comment

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Noida-based mobile VAS (value added services) provider mCarbon Tech Innovation Pvt Ltd is one of the leading players with services mainly focused in the usage and revenue (U&R)...

Amazon announces email & calendaring service for companies ‘WorkMail’

Thursday, January 29, 2015 Comment

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Amazon’s cloud computing service Amazon Web Services (AWS) has announced a business email and calendaring service in the cloud. Called Amazon WorkMail, the new service enables us...

Bangalore-based Graphene Semiconductor raises $800K from Karnataka govt’s VC fund KARSEMVEN

Thursday, January 29, 2015 Comment

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Bangalore-based firm Graphene Semiconductor Services Pvt Ltd, which provides product development and sustenance services to global customers in the semiconductor and soft-internet...

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