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Nivruti Rai appointed as MD and CEO of Invest India

Nivruti Rai has taken over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi: Former Intel India country head Nivruti Rai has joined as the Managing Director and CEO of Invest...

Govt. announces new norms to curb fake online reviews of products, services

The BIS standards, prepared after extensive stakeholder consultations and to be effective from November 25, will be voluntary but the government will consider making them mandatory in case the menace of fake reviews continues on the online platforms.New Delhi: E-commerce...

Indian retail market has witnessed massive 3X growth over last decade: Report

The 'Online+Offline' model - resulting from convergence of retail channels and evolution of capabilities via tech-enabled collaborations - is expected to help in addition of 12 million new jobs and US $125 billion in retail exports, a report by Nasscom-Technopak said. The...

AI, data-led disruptions to drive growth of Indian retail: Nasscom

The Indian retail industry is set to witness Artificial Intelligence and data-led disruption opportunities, particularly with a 3X growth projected in the e-commerce and organised retail sector by 2024, a Nasscom report said on Thursday. According to data from the...

E-commerce companies to remain unaffected by GST; to levy 1 pc TCS on sellers

E-commerce consumers are likely to remain unaffected once GST sets in from July 1 even as players like Flipkart and Amazon prepare to deduct one per cent of the payment it makes to sellers under the new tax regime. According...

India will be home to 10,500 startups by 2020: Nasscom

India has emerged as the third largest start-up base and such ventures are poised to grow 2.2 times to reach 10,500 by 2020 despite a perception that the ecosystem in the country has slowed down in the last year,...

Indian IoT market to grow up to US$15 billion by 2020: Report

The Indian Internet of Things (IoT) market is expected to grow to US$15 billion with 2.7 billion units by 2020 from the current $5.6 billion and 200 million connected units, a report said. The industrial applications of IoT, primarily in...

Myntra acquires m-tech startup Native 5

After moving to an "app-only" format on May 1, online fashion e-tailer Myntra has reportedly acquired Bengaluru-based mobile application development platform Native5. Founded in 2011 by technology professionals Manish Priyadarshi, Barada Sahu and Shamik Datta, Native5 has developed a cloud...

HCL Infosystems Partners With MongoDB to Advance its Big Data Offerings

MongoDB and HCL Infosystems, India’s Premier Distribution and IT Services and Solutions Company today announced a global partnership which will allow HCL Infosystems to further broaden its solution offerings in the emerging big data segment by developing services around...

Hoard the Talent Pool

Over the last few months, I have received enquiry calls from not less than 10 senior retail professionals who have been looking for better career options outside the industry. We can safely assume that while most of them may...
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Yousta opens first high-street store in Mumbai

Yousta recently opened a store at Phoenix Marketcity, Viman Nagar in Pune, its second in the city New Delhi: Reliance...
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