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Aug 12, 2015

India hits Nestle with $99 mln lawsuit after noodle scare

MUMBAI/ NEW DELHI (Reuters) – The Indian government has
filed a lawsuit against Swiss food firm Nestle’s
Indian unit, seeking 6.4 billion rupees ($99 million) in damages
on behalf of consumers after the country’s worst packaged food
scare in a decade.

Nestle, the first foreign firm in India to face a similar
damages claim, is already weathering its worst public relations
crisis in the country to date, after regional food safety
regulators reported finding excess lead in its popular Maggi
noodles, a result the company disputes.

Aug 12, 2015

Facebook struggles to sell advertising in India

SAN FRANCISCO/MUMBAI, August 12 (Reuters) – Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market.

Facebook has 132 million users in India, trailing only the 193 million in the United States, according to the company, and the country is critical for the Menlo Park, California, social network’s global expansion.

Jul 23, 2015

Apple’s India test: how to gain volume and meet aspiration

MUMBAI (Reuters) – With only a tiny share of the world’s fastest-growing major smartphone market, Apple Inc is stepping up its push into India, with a first targeted TV advertising campaign, expanded retail network and promotional financing schemes.

For years, India has been a low priority for Apple as spending power is weaker than in China, where the company’s iPhones swiftly became must-have devices after their 2007 launch.

Jul 23, 2015

Wipro sees stronger quarters ahead on calmer oil prices

MUMBAI/ BENGALURU (Reuters) – Wipro Ltd (WIPR.NS: Quote, Profile, Research, Stock Buzz), India’s third-biggest software services exporter, expects less volatile global oil prices to revive spending on IT outsourcing by its energy and utility clients.

Wipro, also listed in the United States (WIT.N: Quote, Profile, Research, Stock Buzz), makes about 18 percent of its sales from the energy sector, compared to about 5 percent at bigger rivals Tata Consultancy Services Ltd (TCS.NS: Quote, Profile, Research, Stock Buzz) and Infosys Ltd (INFY.NS: Quote, Profile, Research, Stock Buzz).

Jul 21, 2015

Slowing demand in rural India hurts Hindustan Unilever profit

MUMBAI, July 21 (Reuters) – Weakening rural demand and low
pricing hurt Hindustan Unilever Ltd as the Indian unit
of Anglo-Dutch consumer group Unilever Plc
missed market expectations for quarterly profit, sending its
shares down almost 5 percent on Tuesday.

Consumer price inflation in India has ticked up to an
eight-month high, making Indian consumers, a quarter of whom
live on less than 74 U.S. cents a day, pull back on
discretionary spending.

Jul 16, 2015

Cybersecurity firms eye India as attacks on world’s IT hub rise

MUMBAI, July 15 (Reuters) – Global cybersecurity company
TaaSera launched its India business on Thursday, joining a
growing number of cybersecurity firms eyeing India as a growth
frontier amid an expected doubling of online crime in the
country.

Silicon Valley-based TaaSera said India, host to some of the
world’s biggest IT service companies, was vulnerable to
cybercrimes on account of its growing economic progress.

Jul 9, 2015

TCS sees investments in digital technologies driving growth

MUMBAI (Reuters) – India’s largest software services exporter, Tata Consultancy Services, on Thursday posted better than expected quarterly net profit and said it would increase investments in digital services to meet faster adoption by clients.

India’s information technology firms have in recent months moved towards higher value services and are focusing on digital technologies to cater to customers increasingly seeking expertise in areas like automation and artificial intelligence.

Jul 9, 2015

India’s TCS sees investments in digital technologies driving growth

MUMBAI, July 9 (Reuters) – India’s largest software services
exporter, Tata Consultancy Services, on Thursday posted
better than expected quarterly net profit and said it would
increase investments in digital services to meet faster adoption
by clients.

India’s information technology firms have in recent months
moved towards higher value services and are focusing on digital
technologies to cater to customers increasingly seeking
expertise in areas like automation and artificial intelligence.

Jul 8, 2015

India IT outsourcing firms seek booster shot from Obamacare

MUMBAI, July 8 (Reuters) – India’s IT outsourcing firms are
betting on U.S. President Barack Obama’s healthcare reform to
rev up revenue growth which is slowing as the $146 billion
industry’s key financial and manufacturing clients spend less on
software services.

The United States is the biggest market for the outsourcing
industry, which is dominated by Tata Consultancy Services Ltd
, Infosys Ltd and Wipro Ltd.

Jun 26, 2015
via India Insight

Myntra: There’s life after the desktop

Photo

Myntra, India’s biggest online fashion retailer, made a big decision in May to shut its website and rely only on its app. The question was whether they could make a leap like that without hurting revenue and losing customers. They have made that leap, said Prasad Kompalli, head of Myntra’s e-commerce platform.

In an interview with Reuters, Kompalli talked about sales, new features, recruitment and what the company, a unit of Indian e-commerce site Flipkart, might be up to five years from now. Here are edited excerpts from the interview.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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