With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
Microsoft would announce availability of its cloud services operating out of India's data centers.
Businesses of various scales can improve productivity and affordability of their products and services by building tech intensity, Microsoft CEO Satya Nadella has said. Nadella noted that organisations globally are undergoing digital transformation amid the COVID pandemic, and that trends like hybrid work, hyperconnected business and multi-cloud environments require "a boundaryless digital ecosystem where trust between different parties needs to be established in real-time". "Digital technology is a powerful deflationary force in an inflationary economy. Businesses - small and large - can improve their productivity as well as the affordability of their products and services by building tech intensity," he said.
200 engineers may join its Bengaluru R&D centre.
One of Microsoft's worries is fragmentation of the Windows market.
'Good for us, bad for them'. That's what Microsoft's Chief Information Officer, Tony Scott, has to say to competitors like and Google.
.jpg)
HC restrains Nokia from selling, transferring ownership rights in India.
Microsoft Devices on Wednesday announced the launch of "most affordable" Lumia 530 dual SIM smartphone for Rs 7,349 in India.
The US market has been a standout performer this year, with the benchmark Standard and Poor's 500 (or simply the S&P 500) gaining over 16 per cent during the first half of calendar year 2023 (CY23) in what was its best first-half show since 2019. By comparison, India's National Stock Exchange Nifty 500 has gained 6.4 per cent. On the surface, it appears that the US markets have done exceedingly well. However, a deeper analysis reveals the gains in the domestic market to be more well-spread.
India's first $1 trillion company by market capitalisation (mcap) is achievable by 2032 and HDFC Bank and Reliance Industries (RIL) are seen as lead contenders, ICICI Securities said in a note on Monday. To achieve this, the shares of both the firms will have to appreciate at least 20 per cent annually for the next decade. ICICI Securities believes this is possible if India's gross domestic product (GDP) growth accelerates to 9 per cent per annum and corporate profitability cycle peaks. "Our calculations suggest that India's first $1 trillion mcap stock could emerge by 2032.
Microsoft Corp on Thursday announced the India launch of its software Office 2010, which incorporates the popular Word, Excel and Powerpoint applications.
There are going to be developments that are going to make things a lot simpler in everyday life, says Rick Rishad, head, Microsoft Research.
It is an initiative to help women pursue their career interests after a break and make an easy transition, back into the corporate world.
'It is mind-blowing to see how e-commerce is progressing in this country...am not bothered about their valuations but am more interested in the quality of their ideas, which is pretty good, Satya Nadella said.
In February this year, Nokia had announced the 'Nokia X' family of affordable smartphones, running Google's Android apps, at the Mobile World Congress in Barcelona.
Microsoft is promising a whole new user experience with its retooled and re-engineered offerings.
According to a survey by global market and insight group TNS, Intel, Maruti and TCS take the next three spots on the reputation front. The report said State Bank of India's rise to number three is on the back of strong reputation amongst the financial community and prospective employees, representing stability in the face of the several crises that hit the financial services industry in the last year.
HCL Technologies Ltd said on Wednesday it would act as a re-seller for a business solution 'Dynamics TM,' developed by Microsoft, in the Asia-Pacific region.
Videsh Sanchar Nigam Ltd has forged a strategic alliance with Microsoft Corporation India Pvt Ltd for venturing into the web conferencing market.
Stating that India is a strategic market for the company, Microsoft announced a $100,000 grant to promote innovation among domestic start-up companies.
Microsoft Corporation India on Thursday announced the launch of its third IT Academy in the state of Karnataka.
As part of its efforts to encourage development of IT applications in Indian languages, software major Microsoft Corporation India has launched 'Indic Developer Challenge', a nation wide contest aimed at budding local language developers in engineer
Microsoft, which spends nearly $7 billion annually for product innovation and research, is already present in the country with two research centres--in Hyderabad and Bangalore. The Hyderabad centre, established as early as 1998 and known as Microsoft India Development Center, has nearly 1,400 developers, who are working on more than 50 different Microsoft projects.
Microsoft Corporation India Private Limited on Wednesday announced the signing of a comprehensive memorandum of understanding with the Government of Maharashtra.
Microsoft on Tuesday said it will offer commercial cloud services from local data centres in India by 2015 as the tech giant gears for competition for the estimated $2 trillion domestic market opportunity from rival firms like Google and IBM.
It's planning to offer unique apps such as Office 365, One Drive and X-Box Games.
Lumia 640 XL will begin rolling out globally in March.
The dual sim smartphone is equipped with 13MP rear camera.
Sakshi along with two-time World Championships bronze medallist Vinesh Phogat and Tokyo Olympics bronze winner Bajrang Punia spearheaded the protest against Singh at the Jantar Mantar in New Delhi, demanding his arrest for intimidating and allegedly sexually harassing female grapplers of the country.
The online service division of Microsoft Corp, MSN on Tuesday appointed Jaspreet Bindra as the country manager of its Indian arm.
The catch is the need for a supportive framework in place that allows free and fair use of such technology.
The Microsoft Corporation India on Wednesday signed a memorandum of understanding with the Punjab Government for jointly developing and deploying an array of technology for e-governance in the state.
We are not pursuing AI to beat humans at games. We are pursuing AI so that we can empower every person and every institution that people build, said Nadella
Nineteen per cent of global fund managers remain bullish on India, suggests the latest BofA Asia Fund Manager Survey (FMS). A total of 249 panelists with $656 billion worth of assets under management (AUM) participated in the survey between February 2 and 8, BofA said. Two hundred and nine participants with $568 billion AUM responded to the global FMS questions, while 145 participants with $331 billion in AUM responded to the regional fund manager survey (FMS) questions, BofA said.
Microsoft simply lacks Nokia's retail and supply chain experience in the Finnish company's most important markets.
India-born Gurdeep Singh Pall as the corporate vice-president Real Time Collaboration Group, Microsoft.
The software giant will also help build last-mile capacity among educators.
The West Bengal government said it was ready to provide all kinds of support for development of the IT industry.
