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Apr 14, 2015

Indian dining app Zomato moves beyond reviews with Maple deal

MUMBAI (Reuters) – Zomato, one of India’s biggest internet companies, has acquired cloud-based data firm MaplePOS to expand from restaurant reviews to online orders and payments, a top executive said on Tuesday.

Zomato, present in 22 countries including the United States, said MaplePOS, now “Zomato Base”, would be a database of customer details. It will also help restaurants with menu and inventory management, and has a built-in payment solution to accept debit and credit card payments.

Apr 9, 2015

Satyam founder Raju sentenced to seven years in jail in fraud case

MUMBAI (Reuters) – The founder of Satyam Computer Services, once India’s fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud case that ranks as the country’s biggest.

A court in Hyderabad, where Satyam was based, on Thursday pronounced Ramalinga Raju, a management graduate from Ohio University who founded Satyam in 1987, guilty of forging documents and falsifying accounts.

Apr 9, 2015

India’s Satyam founder sentenced to 7 years in jail in fraud case

MUMBAI (Reuters) – The founder of Satyam Computer Services, once India’s fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud case that ranks as the country’s biggest.

A court in the southern Indian city of Hyderabad, where Satyam was based, on Thursday pronounced Ramalinga Raju, a management graduate from Ohio University who founded Satyam in 1987, guilty of forging documents and falsifying accounts.

Apr 7, 2015

Xiaomi ties up with India retail chain to boost sales

MUMBAI (Reuters) – Chinese smartphone maker Xiaomi Inc has decided to sell devices through a leading electronics retail chain in India, part of its effort to move away from online-only sales and boost growth in the world’s third-largest smartphone market.

Xiaomi [XTC.UL] launched its India operations with online marketplace Flipkart.com in July, selling its phones through flash sales where availability is limited to short timeframes.

Apr 1, 2015

Tandoori microwaves help Samsung woo India, counter global dip

MUMBAI, April 1 (Reuters) – Microwave ovens that cook
tandoori bread, smartphones that understand Tamil and washing
machines designed to deal with humid, dusty cities: all part of
Samsung Electronics’ push to conquer India and
offset a global slump.

The consumer electronics giant is betting big on Asia’s
third-largest economy, at a time when overall sales have
struggled against rivals like Apple. In January,
Samsung reported its first annual group profit drop since 2011,
and in February its first wage freeze for employees in Korea in
six years.

Mar 26, 2015

SoftBank-led group in talks to buy stake in Micromax – sources

MUMBAI (Reuters) – A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in handset maker Micromax Informatics for up to $1 billion, two people aware of the discussions said.

The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea’s Samsung Electronics Co, at around $5 billion, the people said. They did not want to be named because the talks aren’t public.

Mar 26, 2015

SoftBank-led group in talks to buy stake in India’s Micromax -sources

MUMBAI, March 26 (Reuters) – A group of investors led by
Japanese mobile telecom firm SoftBank Corp is in talks
to buy a 20 percent stake in Indian handset maker Micromax
Informatics (IPO-MINF.NS: Quote, Profile, Research, Stock Buzz) for up to $1 billion, two people aware
of the discussions said.

The investment would value Micromax, an unlisted provider of
affordable smartphones that competes with South Korea’s Samsung
Electronics Co, at around $5 billion, the people
said. They did not want to be named because the talks aren’t
public.

Mar 26, 2015

SoftBank leads group in talks to buy up to $1 bln stake in India’s Micromax -sources

MUMBAI, March 26 (Reuters) – A group of investors led by
Japanese mobile telecom firm SoftBank Corp is in talks
to buy a 20 percent stake in Indian handset maker Micromax
Informatics (IPO-MINF.NS: Quote, Profile, Research, Stock Buzz) for up to $1 billion, two people aware
of the discussions said.

The investment would value Micromax, an unlisted provider of
affordable smartphones that competes with South Korea’s Samsung
Electronics Co, at around $5 billion, the people
said. They did not want to be named because the talks aren’t
public.

Mar 25, 2015

Wipro seeks bigger digital market share with “commando” unit

MUMBAI (Reuters) – India’s third-largest IT services exporter Wipro (WIPR.NS: Quote, Profile, Research) is setting up a “commando force” unit next month that will target clients seeking to speed up automation and do more business online, an executive told Reuters.

Rajan Kohli, who will head the newly formed Wipro Digital business, said the unit aimed to generate $1 billion in annual revenue within three years, which would make it one of the company’s top sources of revenue.

Mar 25, 2015

India’s Wipro seeks bigger digital market share with “commando” unit

MUMBAI, March 25 (Reuters) – India’s third-largest IT
services exporter Wipro is setting up a “commando
force” unit next month that will target clients seeking to speed
up automation and do more business online, an executive told
Reuters.

Rajan Kohli, who will head the newly formed Wipro Digital
business, said the unit aimed to generate $1 billion in annual
revenue within three years, which would make it one of the
company’s top sources of revenue.

    • 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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