'Majority of Indian clients have a huge appetite for innovation'

New Delhi:  As per Scott Russell, President, SAP Asia Pacific Japan, Indian customers have a huge appetite for innovation as they focus on growing their business both domestic...

SoftBank Vision Fund in talks to invest US$ 2 billion in Flipkart

Bengaluru: Softbank Vision Fund is planning to invest US$ 2 billion in Indian e-commerce major, Flipkart, half of which will go to Tiger Global Management, which is looking to sell...

YouTube vows to double user base in India to 800 mn

Chennai: Google's video platform, YouTube, plans to increase its user base in India to 800 million, as rising internet penetration in the rural areas will enable the consumers ...

FreeCharge sold to Axis Bank for ~400 cr

New Delhi: Indian private lender Axis Bank is expected to acquire the mobile wallet app Freecharge in a deal worth Rs 350-400 crore (US$ 54.3-62.1 million).

TCS' iON takes digital learning marketplace abroad

Mumbai: Tata Consultancy Services has launched its education marketplace, named iON in Japan, with expansion plans for Latin America, the UK and Ireland, and it aims to generate US...

Digital transactions volume "leapfrogged" by 3 yrs post-Nov 16

Mumbai: India has leapfrogged three years of digitisation growth within just seven months post demonetisation in November 2016, with volume of digital payments reaching Rs 70,000 c...

India is a great place for innovation: Microsoft

Washington: Indian firms and start-ups have huge potential for innovation as companies within the Indian IT sector have transformed from being small time app developers to having a...

Govt approves Amazon's proposal for FDI in food

New Delhi: The Department of Industrial Policy and Promotion (DIPP), Government of India, has approved Amazon Inc's proposal to invest US$ 500 million in retailing of food prod...