MUMBAI - With nearly 300 millions smartphone users in the country as better connectivity and affordable data plans come to the fore, YouTube on Thursday said it has now reached 180 million Indians on mobile phones alone. In the last one year, YouTube consumption on mobiles has grown from 55 percent to reach 80 percent and watch time growth on mobile is growing at 400 per cent year on year, YouTube said during its fourth...
NEW DELHI - In one of the biggest mergers in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular on Monday announced their much-awaited amalgamation. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, will be its Chairman. "Vodafone Group and Idea Cellular announced they have reached an agreement to combine their operations in India (excluding Vodafone's 42 per cent stake in...
NEW DELHI - The Indian economy is strong enough to absorb the impact of the US Federal Reserve's interest rate hike, the government said on Thursday. "Indian markets well placed to absorb US Fed rate hike. Gradual approach in future increases augurs well for emerging markets," India's Economic Affairs Secretary Shaktikanta Das said in a tweet, a day after the US Fed hiked lending rates for the third time since the 2008 global financial crisis,
CHENNAI - Online market player Amazon on Monday announced the entry of Amazon Pantry -- its grocery and household service -- here. In a statement here, Amazon Seller Services said that with the entry of Amazon Pantry into Chennai, the service is now available in 29 Indian cities. Using Amazon Pantry, customers in Chennai can shop for over 4,000 everyday essentials from over 250 brands of groceries and household products.
NEW DELHI - Sandwich chain Subway on Friday opened its 600th outlet in India at Bharuch, Gujarat, pointing to a growing preference for restaurants serving fresh and customisable on-the-go menu, according to a release. Subway, which calls itself the world's largest sandwich restaurant chain, operates over 44,000 restaurants in 112 countries. "Credit goes to all our franchisees who play a major role as the brand's growth drivers...
NEW DELHI- Aiming to bring more locally-produced series and films to its Indian viewers, global internet TV network Netflix announced strategic partnerships with Airtel, Videocon d2h and Vodafone. The move is to offer Netflix services over the top (OTT) through these companies’ direct-to-home and mobile platforms. “India is more movie-centric and among the top three markets in terms of mobile usage. We are investing heavily on content...
MUMBAI - Software major Tech Mahindra on Monday announced acquiring the US-based healthcare IT consulting firm CJS Solutions Group LLC to strengthen its place in the domain. "We will make an upfront payment of $89.5 million (Rs 597 crore) for 84.7 per cent equity stake and the balance 15.3 per cent of the stock will be acquired over three years," said the city-based company in a statement here. Based at Jacksonville in Florida,
NEW DELHI - The latest official data showing Indian Gross Domestic Product (GDP) growth at 7 per cent for the third quarter was only marginally impacted by the November 8 demonetisation measure has served to re-ignite the controversy about the methodology employed to calculate the country's national income. The Central Statistics Office (CSO) on Tuesday estimated that India's GDP for the third quarter ended December,
NEW DELHI - Budget passenger carrier AirAsia India on Thursday said that it plans to operate international flights from next year. According to the airline's Chief Executive Officer Amar Abrol, the company has constituted a special project team which has been mandated to get its operations ready for international flights either from summer 2018 or autumn next year. Besides, the budget passenger carrier plans to increase its fleet size to 14 aircraft...
NEW DELHI - Brian Acton, co-founder of popular messaging app WhatsApp, Feb 24 called on IT Minister Ravi Shankar Prasad to discuss ways in which the Mountain View, California based company can contribute to India's vision for digital commerce. Highlighting the country's importance, Acton said WhatsApp hopes to contribute more to "India's vision for digital commerce in future". "India is a very important country to us,