The company has also set a target of achieving Rs 5,000 crore in the next four years, while for the current fiscal the company expect around 15-18 per cent growth in revenue.
The attempt is to maximise revenues at a time when advertisers are increasingly demanding greater bang for the buck.
Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre (warehouse) in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread across an area of over 2.2 lakh sq ft, the new facility in Dankuni will cater to the needs of Flipkart and Myntra customers in the region and bolster the e-commerce major's efforts to ramps up supply chain infrastructure in the eastern part of the country. The facility will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states while also helping create national market access, according to a statement.
US tech giant IBM is betting big on the India growth story and plans to open more software development centres in the country as it looks to partner with the government in its digitisation journey, its chairman and CEO Arvind Krishna said on Friday. On a visit to India, Krishna met Finance Minister Nirmala Sitharaman, Telecom Minister Ashwini Vaishnaw and Minister of State for IT Rajeev Chandrasekhar to discuss deeper collaboration including skilling and workforce development. The firm that originally designed the technology and system behind ATMs, barcodes and the US social security net, is greatly enthused with the speed at which the Indian government is willing to make decisions and where it is moving, he told a select media briefing.
While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.
The state-run carrier will shortly invite bids to replace its fleet of 11 ATR-42s and Bombardier CRJ planes with newer fuel-efficient turbo prop planes to improve its operating result.
AirAsia is expanding its distribution network and increasing its offline travel partners.
Land parcels acquired for 58 new projects, which are yet to be launched.
The average size of auto loans stood at Rs 512,000 in the third quarter of 2012, compared to Rs 425,000 in the year-ago period.
AND, W, Biba step up their game worldwide. While global brands go all out to woo India customers.
Infusion of additional capital can fuel the growth of these companies, help them in further geographical expansion to more tier II and tier III cities and also cater to the requirements of rural markets.
Hyderabad is one of the ten districts of the Telangana region, affected by the agitation for a separate Telegana state.
To promote entrepreneurship in India's tier-II and tier-III cities, Silicon Valley entrepreneur Gururaj 'Desh' Deshpande's Deshpande Foundation will open the sandbox in Hubballi. Alnoor Peermohamed reports.
GIREM 36 is focusing on a new strategy to develop smaller cities as a magnet for allied investments in development of key areas of infrastructure, education and research, and industry.
The performance in 2011 (Q4 over Q1), shows that the smaller Indian towns with a population of less than 1 lakh people, led an impressive growth story: 19 per cent in value terms versus 15 per cent in rural India and 12 per cent in the metros.
According to the survey by recruitment tendering platform MyHiringClub.com, hiring activities are expected to grow by five percentage points to 29 per cent in Tier-II cities such as Pune and Hyderabad during the July-December period of 2012 compared to the the preceding six months of the year.
'E-commerce scams are not new, but what s more alarming is the covert cyber warfare the Chinese entities are launching in India on a repeated basis.'
The modus operandi for immunising the country's 1.35 billion population in stages has been thrashed out in more than one meeting among top government officials in the health ministry and the Prime Minister's Office.
Kingfisher Airlines, struggling to stay afloat, may spin off its ATR fleet and loyalty programme (frequent flier programme) into separate units.
Real estate companies betting big on tier II and tier III markets sold more stock than firms focused on metros.
Eyeing opportunities in the fast growing Indian telecom sector, Chinese vendor Huawei on Tuesday announced an investment of $2 billion (about Rs 9,000 crore) in the next five years to set up an R&D centre, local manufacturing and other activities.
Women are increasingly getting active in shopping online by prominently buying lifestyle and electronic items.
With the cricket World Cup mood building up, bookies and punters across India have taken their positions. Sources involved in betting, who did not want to be identified, fearing police action, estimate a turnover of about Rs 10,000 crore (Rs 100 billion).
Experts say Tier-II and Tier-III cities and smaller towns have a role to play in growth in smartphone sales. Mritunjay Kapur, managing director, Protiviti Consulting, said, "There is definitely a market in Tier-II, Tier-III and Tier-IV towns. Smartphones are fast becoming important as a business communication tool. This is especially true for sales people, and 'fleet-on-the-street'," he said.
Indian banks would require additional Rs 8 lakh crore to meet the minimum capital adequacy under Basel III norms, ratings agency Crisil has said.
The airline is operating the flight AI-9801 with a 70-seater Canadian Regional Jet aircraft, which on Tuesday had an occupancy of 50 from Delhi.
GE Healthcare has already filed five global patents for its design.
Airports hold pride of place in the government's National Monetisation Pipeline (NMP) programme to monetise public assets. Private airport operators, including the Adani group, Fairfax, GMR and Zurich Airport, are expected to evince interest in the next round of public private partnership (PPP) development of state-owned Airport Authority of India (AAI) airports. Industry analysts, however, do not expect bids to be as high as the last round, which saw Adani group gain control of six airports.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
The key threats seen during this period ranged from phishing attacks to rogue apps disguised as COVID-19 information apps that targeted users sensitive data.
A positive trend of recruitment was witnessed in smaller towns and mini-metros during the April-June period of 2011 on the back of increased hiring in sectors such as engineering and manufacturing, says a survey.
With life returning to normalcy gradually, hiring activities grew 24 per cent in September as compared to the previous month mostly driven by pharmaceutical and education sectors, according to a report. At 1,755 job postings, there was an improvement of 24 per cent in hiring activities last month compared to August with 1,413 listings, according to the Naukri JobSpeak Index for September 2020
After India banned 59 Chinese apps last month, at least three more China-based video apps - Snack Video, Likee Lite, and Zili - have now made it to the list of top 10 downloaded apps in India on Google Playstore.
IT and BPO companies are looking at tier II locations in the country to support global delivery.
A Northern California-based aerospace company has unveiled the smallest drone yet that can carry weapons behind enemy lines.
Crisil reaffirmed its 'AAA' rating, which reflects the highest degree of safety with regard to timely payment of financial obligations, on the bank's Upper Tier II bonds, Tier I Perpetual bonds and bonds/debentures. Crisil expects the bank's market position to remain strong despite moderating advances growth, because of the 580 new branches it is likely to add in 2009-10, and its wide presence across segments.
Kellogg claims to have cornered 70 per cent market share of the breakfast cereals market in value terms.
Chingari, Roposo, Khabri and Trell are seeing huge traction as people are looking at options to earn incentives from home. Music streaming app Gaana, which is strongly placed in the market with 150 million users, recently opened up its short video platform for subscribers.
The company currently has slightly less than 3,000 people in India.
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
