VARINDIA IT MAGAZINE

After six months of negotiations, the e-tailer giant, Snapdeal has closed all talks with Flipkart about its merger. According to the news report, a company spokesperson has said that the company has been exploring strategic options for the past several months, but it has now decided to follow an independent path. Snapdeal has always focussed on creating a life-changing experience for the buyers and sellers and to take it further. The company is expected to be financially self-sustainable with the sale of certain non-core assets..... Read More

Concentrix Corporation, a wholly-owned subsidiary of SYNNEX Corporation, has announced that it has closed its recently announced acquisition of Tigerspike.  Tigerspike is a high-value digital products and strategy company founded in 2003. The company has operations in Australia, Singapore, UAE, Japan, USA, Poland, and the UK. Alex Burke, CEO of Tigerspike joins Concentrix' senior executive staff, reporting to Chris Caldwell, President of Concentrix.  This transaction aligns with Concentrix' stated strategy to further invest in digital and enabling technologies to create effortless, personalized customer engagements and improved business intelligence and performance for its clients..... Read More

After serving the company for nearly five years, Arvind Vohra has stepped down as Gionee India's chief executive officer and managing director. He however will continue in the company as its executive director.  The Chinese smartphone brand will announce the replacement for the post of CEO soon, most likely to be someone from China operations.  "I will not be taking care of daily operations, but I will continue in the company as executive director. This is a decision taken by the chairman," he said. The company is expected to name a replacement soon which is likely to be a senior executive from China operations.... Read More

HBO has suffered a major cyber attack which has resulted in the leak of upcoming episodes of a couple of series and at least one alleged script or treatment. With this HBO has joined the ranks of Hollywood entertainment companies that have been a victim of such cyber incidents in the past. The leaked content have been put online by hackers who breached the company’s systems and are threatening to come up soon with more such attacks. So far, an upcoming episode of Ballers and Room 104 have apparently been put online. There is also written material that’s allegedly from next week’s fourth episode of Game of Thrones. Altogether hackers claim to have obtained 1.5 terabytes of data from the company.... Read More

As per news report, Cisco has roped in Sameer Garde as President, India and SAARC operations. He has succeeded Dinesh Malkani. Sameer will take over the responsibilities from August 1, 2017. Sameer will be responsible for top-level external engagement which includes government and industry associations.  Malkhani is leaving the company to pursue other opportunities, but he will be associated with the company as a strategic advisor till September 2017 to ensure a smooth .... Read More

Growth in smartwatch industry is increasing over a period of time with a potential to reach $32.9 billion by 2020, registering a CAGR of 67.6% from 2014 to 2020. Global market for Smartwatch is gaining prominence due to its potential to replace traditional watches and functionality similar to smartphones and secondly, health and fitness remain a dominant segment of the smartwatch market, providing healthcare workers and hospitals with savings opportunities. With this the leading companies are collaborating with their suppliers and re-sellers to penetrate into this market through the right selection of channel, geography and target audience.  Demand for smartwatches has attracted consumers with extra functionalities beyond timekeeping and Fitbit becomes most recalled brand in the household when it comes to fitness tracker. Fitbit took over Pebble, Vector as well as mobile payment company Coin . Rumors of Fitbit's "Project Higgs" GPS smartwatch have been around fo...

Apple and Nokia have been fighting over the patents for five months after they had sued each other over royalty payments and the legal battel between the two companies and Apple filed an antitrust lawsuit (PDF) against Nokia, accusing the company of moving "massive numbers of patents" to patent assertion entities and Nokia counter-attacked the following day by accusing Apple of infringing fully 32 of its smartphone patents. According to Nokia, every version of the iPhone, from the iPhone 7 all the way back to the 3GS, infringed Nokia patents.  In response, Nokia filed lawsuits in 11 countries, including Germany and the United States, aiming to defend its intellectual property. Nokia said that Apple should pay for technology used in smartphones, tablets and other devices.... Read More

ACT Fibernet will launch 150 Mbps broadband speed in Delhi beginning 1st August 2017, and will revise its existing fixed term broadband plans that will allow customers to enjoy higher speeds at no additional cost.  Under the retail customer plan umbrella, ACT Bronze will be upgraded to 75 Mbps with 250 GB data transfer (125 GB FUP Up+ 125 GB FUP down), ACT Silver will be upgraded to 75 Mbps speed and 350 GB data transfer (175 GB up + 175 GB down), ACT Gold will be upgraded to 100 Mbps speed with 500 GB data transfer (250 GB up + 250 GB down) and ACT Platinum will be upgraded to 150 Mbps speed with total of 600 GB data transfer (300 GB up + 300 GB down) limit. All of these plans have been upgraded with higher data and faster speeds at no extra cost.... Read More