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E-commerce In India: Unlimited Opportunity

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VARINDIA- INDIA'S FRONTLINE IT MAGAZINE India’s e-commerce industry is transforming to the next era of transformation. It is like who can take maximum attention of the prospective buyer by using various technology tools. The war is between two super powers – USA and China and among Amazon, Alibaba and Walmart. To make the shopping experience more convenient, brick and mortar developers are focusing on enhancing the convenience of shopping centre automate mode. Experts say that India is poised to become one of the largest and fastest e-commerce growth markets in the next decade. The Government of India is also supporting this growth wave by permitting foreign retailers to own stakes of as much as 51% in multi-brand retail ventures, after securing government approval. The online retail sector is expected to grow at 30% a year to reach a gross merchandise value of $200bn by 2026. With 1.3 billion population, India sees a rapid growth of internet users, with 430 million peop...

Google Chrome Browser Extension is being hacked - Share it now to stop propagation....!!!

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VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Warning ! If you are using Chrome browser extension from the MEGA file storage service, uninstall it right now. The most popular Mega chrome extension is being hacked by an attacker's server located at megaopac host in Ukraine and replaced with a bundle of PUP Malware for Stealing your Security Information Most of us are popular with the chrome browser and it occupies 59% Browser share world wide with complairsion to other browsers like Internet Explorer, Safari, Firefox and Opera.Google's strong marketing strategy for Chrome certainly contributed (and continues to contribute) to the browser's success. Besides actively stimulating interest in Chrome through marketing, Google's own credibility and reputation passively attract attention to Chrome. Chrome itself famous for its Simplicity and Technologies. Chrome wants the user to focus on the web content without distraction from the browser's UI. But two day...

NXP acquires OmniPHY for connected, self-driving cars

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NXP Semiconductors N.V. has acquired OmniPHY, a provider of automotive Ethernet subsystem technology. The company’s expertise includes automotive Ethernet, a technology that enables the rapid data transfer required for autonomous driving. OmniPHY’s advanced high-speed technology, combined with NXP’s leading portfolio and heritage in vehicle networks, uniquely positions NXP to deliver the next-generation of data transfer solutions to car makers. Financial terms of the transaction are not disclosed. As the self-driving ecosystem works to deliver on emerging automotive data requirements, many have turned to enterprise networking solutions as a stopgap measure for testing. Yet long-term solutions will need to be automotive grade and of a size and weight that make their implementation feasible. NXP’s acquisition of OmniPHY, which has already begun to translate 1000BASE-T1 Ethernet for the automotive space, will give NXP a significant position in this rapidly evolving area.... Re...

Anand Ramamoorthy quitting McAfee

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Anand Ramamoorthy is stepping down as the Managing Director - South Asia at McAfee and is currently serving his notice period. Anand, who was appointed McAfee's MD (previously Intel Security) in 2016 was responsible for driving enterprise-centric produce revenues, strengthening the consumer base and positioning India for rapid non-linear growth. Anand also spearheaded growth at McAfee by helping it to achieve #1 market share in 3 of the 5 primary security technologies deployed in the competitive market. He also formulated and executed on a 'vertical' based enterprise strategy that has led to creation of the strongest 'new logo' and new business pipeline in APAC.... Read More

ITI powered with 58 start-ups and Technology OEMs

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In the recently held two day conference in the silicon valley of Bengaluru, ITI Ltd. has partnered with 58 start-ups and original equipment manufacturers (OEMs), covering the manufacturing of a wide range of ICT and IoT-based solutions, where 400 start-ups have applied for. The conference was attended by 1000 delegates that pertained to topics including start-ups, IoT and defence technology. There were 8 agreements signed today in the presence of Union Telecom and Communications Minister Manoj Sinha and Telecom Secretary and Chairman of the Telecom Commission Aruna Sundararajan on the sidelines of the first edition of ITI's two-day 'ICT & IoT Start-up Tech Expo' in Bengaluru. The agreements will help ITI diversify its manufacturing capabilities in partnership with the start-ups, thereby supporting the sustainable turnaround of ITI. The event also witnessed signing the Transfer of Technology (ToT) agreements with eight companies, including TEC, 3S Sen...

ITI enters into agreement with TEC for establishing state-of-the-art telecom testing lab

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In a recently held two day conference on start-ups, IoT and defence technology, ITI has partnered with 58 start-ups and original equipment manufacturers (OEMs) covering the manufacturing of a wide range of ICT and IoT-based solutions. Close to 1000 delegates attended various sessions of the conference. India is moving from the marked 10,000 start-up eco-system to more than 20,000 start-ups, thus becoming the second largest ecosystem for start-ups in the world. These type of events will provide an effective platform for start-ups to convert their innovative ideas into marketable products and services. “Young India should serve India,” said Manoj Sinha, Union Minister of State (Independent Charge) for Communications and Minister of State for Railways in his inaugural address.... Read More

Is Amazon acquiring app aggregator Tapzo?

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According to industry reports, Tapzo has been in advanced talks with Amazon for its acquisition by the latter. It is said that both Amazon and Tapzo have been in talks for over four months. Sequoia Capital-backed Tapzo began talks with Amazon in April this year. Both the companies have given the green signal for the deal. If nothing goes wrong from here then the acquisition could be announced by the next month. However, the initial discussion didn’t take off owing to the valuation offered by Amazon to Tapzo, with fresh discussions starting only in July. Tapzo is a super app which allows users to access more than 35 apps, such as Flipkart, Amazon, Ola, Uber, and others. As a part of its new business line, users can recharge mobile, DTH and data card, make bill payments, order cabs and food, book flight and bus tickets amongst many other things on a new technology layer that it is offering.... Read More

$10 Billion opportunity for Digital Businesses- Breaking the Digital Barrier

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Universal Acceptance for Indic Languages for Internet in India To create a truly inclusive digital economy, Internet has to treat all domain names equally across scripts / languages. Addressing the opportunities of Universal Acceptance and the scope for adopting UA for Indic Languages, The Universal Acceptance Steering Group (UASG) supported by ICANN organized a seminar here today. Universal acceptance is the concept that all domain names and email addresses are accepted, validated, stored, processed and displayed in a consistent and effective manner. UASG and ICANN have been actively working on realizing the importance of increasing linguistic presence on the web and encouraging developers to support all domain names and email addresses in multiple languages across the world.... Read More

Dell EMC brings Enterprise Preferred Channel Program

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Dell EMC announced Enterprise Preferred Channel Program in association with Dell EMC enterprise sales organisation. The program is leveraging joint sales and partner planning to provide a joint approach to the market, simplifying sales engagement and specifying how sales teams and partners work tougher. The program includes dedicated channel team members to support sales engagement in Enterprise Preferred accounts, collaboration between teams to create joint account plans, leveraging strategic partner relationships, competitive pricing as part of a new acquisition deal registration, compensation uplift for Dell EMC sales teams – protecting their commission, partner protection through an ‘earned partner or record’ model.... Read More

Why there is requirement of Cost effective SD-WAN ?

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THE SDWAN market is experiencing explosive growth. Strong enterprise and communications service provider demand is dramatically disrupting the traditional branch-office router market and it comes with advantages by, simplify network operations. It’s adoption is easy, quick and reliable. It is absolutely fact that, without virtualization in the network, virtualization in the cloud or data center will never be fully realized or effective. SD-WAN can help service providers increase profitability while accommodating WAN market trends. As the SD-WAN is fast moving, incorporating it into a managed service offering is particularly challenging as customer requirements and needs are changing all the time. The growth of SD-WAN is attributed to the increasing popularity of modern telecommunications networks and datacenter infrastructure concepts such as software-defined networks (SDN) and network function virtualization (NFV). These technology concepts have enabled SD-WAN to provi...

Foxconn increasing its Products Portfolio

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Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, is a Taiwanese multinational electronics contract manufacturing company, headquartered in Tucheng. Popularly known as Foxconn has agreed to buy Los Angeles-based Belkin International for $866 million in cash. With this FIT is a subsidiary of Hon Hai Precision Industry Co., the parent company behind the Foxconn brand. Belkin is known for having a broad range of device connectivity and power products under the Belkin, Linksys, Wemo and Phyn brands. With this we expect to enrich our portfolio of premium consumer products and accelerate our penetration into the smart home by leveraging Belkin’s research and development capabilities and consumer insights operations. The deal is also a continuation of Foxconn’s movement away from being primarily a contract manufacturer for companies like Apple and towards one that has brands of its own.... Read More

Why India's data localisation Policy an Issue to US tech giants ?

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Digitization and urbanisation brings change in the life of a common citizen and definitely it impacts the lifestyles of the netizens. It is also fact that technology teaches everyone to have better user experience, it resulted growing demand amongst Indians for Privacy and protection of the Information they share, specifically on digital platforms. There has been an alarming rise in cybercrimes on a global scale. With India also moving towards a digital economy with the adoption of Aadhaar and an ever-increasing dependency on information, the concerns over cyber security, data protection and privacy are the most talkative agenda. To address the growing concerns, the Government of India had set up a Committee of Experts, headed by Justice B. N. Srikrishna, to study the challenges surrounding data protection in India and provide their valuable suggestions and principles on which to base the data privacy legislative framework. The objective is to ‘ensure growth of the digi...

WhatApp to Choose Hyderabad as the India HQ

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With the recent visit of Chris Daniels, CEO-Whats App  chose himself to visit the country on a five-day tour. The rising dispute and forced the top leadership ,to visit first ever by any WhatsApp chief executive to the country , where there is a huge pull of subscribers and it is over 250 million monthly active users. Ever since WhatsApp payments started to pilot in India, the instant messenger has been facing a tough time in the country. Right from the issues of fake news to lynching and setting up local operations for its UPI-based payments, the company has left no stone unturned to settle the issues with the Indian government. Daniel, recently met Union IT minister Ravi Shankar Prasad is now looking to set up a local office in the IT city Hyderabad by meeting Telangana IT minister K T Rama Rao to discuss all the possible aspects in this regard. Whereas, its parent company Facebook has the largest presence in the city as it’s India office since 2010.... Read More ...

Flipkart launches 2GUD for refurbished products

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The market for used and refurbished mobile phones has skyrocketed in the last couple of years with technology becoming a necessity with each passing day as the population as well as the penetration of phones is extensively high. The expansion of e-commerce and retail chains has made the availability of used and refurbished mobile phones easy and the easy accessibility has triggered strong growth in India too. Experts and analysts expect the market for refurbished phones to rise by a compounded 27% over 2019 and 2020 as new players join existing online marketplaces Amazon, Cashify, Shopclues and Togofogo. In India, millions of mobile phone users still purchase second-hand phones as they prefer buying refurbished or used phones with the features they need in less price than settling for a new phone at a comparatively higher price with lower specifications. Refurbished mobile phones category is growing at 400% year-on-year and its contribution in overall mobile phone sales has a...

Can a Data Protection law soon become a Reality for India?

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Now that the justice BN Srikrishna committee has submitted a draft Data Protection as well as the Personal Data Protection bill, 2018 (pdf) to the Narendra Modi government, the wait for comprehensive data protection rights may soon be over.Though it is not devoid of loopholes, this bill will form the framework for India’s data protection laws, prescribing how organisations should collect, process, and store citizens’ data. The committee’s report recommends that the law should be applicable to processing of personal data if such data has been used, shared, disclosed, collected or otherwise processed in India. However, it asserts that in respect of processing by fiduciariesthat are not present in India, the law shall apply to those carrying on business in India or other activities such as profiling which could cause privacy harms to data principals in India. Additionally, personal data collected, used, shared, disclosed or otherwise processed by companies incorporated...

E-Commerce: The Best Is Yet To Come

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The Government’s focus towards digitization, financial inclusion, fintech, Aadhaar-based identification and GST-based simplified taxation are going to be some of the key drivers of growth. Investment banking firm Morgan Stanley, in a recent report, predicts that India’s e-commerce market for gross merchandise value (GMV) will reach $200 billion by 2026, growing at a CAGR of 30%. This growth, if it happens, the firm says, will help grow the overall market penetration to 12% in the next nine years, as against 2% today. The phenomenal growth of internet users, the firm says, is primarily driving the e-commerce market. The other factors that are contributing to this growth are growth in digital payments, ease of making a purchase, CoDs and e-commerce mobile apps. Market Trends According to an Internet and Mobile Association of India (IAMAI) and Kantar IMRB study, the number of internet users in India is expected to reach 500 million by June 2018. The number of Internet us...

NetApp sees Commercial Segment as an Opportunity for its Partners

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NetApp considers India as an important market as the country holds a lot of opportunities with the ongoing digital transformation. So the company looks forward to grow with its partners as they play a critical role in NetApp’s go-to-market strategy. In a chat with VARINDIA , Wendy Koh, Vice-President, Pathways, Alliances and Strategy, Asia-Pacific, NetApp discusses about digital transformation as an opportunity, focus on channel partners and importance of a channel program For NetApp, India is a critical market in the Asia-Pacific region. The company is growing in India at a faster pace and this indicates that channel partners will continue to play an important role in its go-to-market strategy. The company also makes sure about the profitability of its partners so that they continue their alliance with NetApp.   “India is certainly the fastest-growing market and it is very important for us in Asia-Pacific. Across the organization, we are growing. In India, we ar...

Hyderabad hosts India’s first International Blockchain Congress

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Hyderabad hosted India’s first-ever International Blockchain Congress in collaboration with NITI Aayog, Goa government and Nucleus Vision from August 3 to 4. The conference then moved to Goa where the rest of the deliberations took place on August 5.  The speakers at the event were KT Rama Rao, Minister of IT - Government of Telangana; Rohan Khaunte, Minister of IT - Government of Goa; Amitabh Kant, CEO, NITI Aayog; Jayesh Ranjan, IT Secretary -Government of Telangana; Ameya Abhyankar, IT Director, Government Of Goa; Arun Seth, Chairman - NASSCOM Foundation; CP Gurnani, CEO - Tech Mahindra; Mohandas Pai, Chairman - Manipal Global Education; among a few notable ones. India has the potential to be the global blockchain leader. With an abundance of young, talented, tech-savvy population, India is rapidly developing and consequently overtaking other technology markets. India boasts of the second largest online market in the world.... Read More

Complex and Crowded E-Commerce Space in India

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If e-commerce is a barometer to measure the penetration of internet in a country, one can assume that India is in its fast pace towards a fully-wired and online society. E-commerce is growing by leaps and bounds. Whether it is real or hyped-up is something that analysts can foretell. A few illustrative descriptions may be relevant in this regard. The foremost is about the war between two American e-commerce companies – Amazon India and Walmart for supremacy in the Indian market. Amazon might have established its Indian subsidiary before Walmart. But the latter’s takeover of the homespun online distribution company – Flipkart – has changed the profile and reach of the U.S. online giant. Close to US$17-billion takeover deal, which will be hopefully completed by the end of this year, has created flutter in the corporate circles across the world. E-commerce companies have realized the potential of India as a future market for online business. Does it mean that the brick-and...

RPA: A Groundbreaking Technology

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India is undergoing a digital revolution which is helping the country in its renaissance. Adoption of technology is at its peak in recent days which is being triggered by better connectivity, rapid smartphone adaptation, increasing usage of mobile internet etc. Adoption of innovative technologies makes work easy and fast, increases efficiency of the workforce, takes less time in completing a task etc. Technology has always made human life smooth and easy.     In this wake of time, a ground breaking technology, Robotics Process Automation better known as RPA is emerging and touching almost every vertical. Though in a nascent state, it has already started spreading its effects in segments like banking, manufacturing, automation, micro finance, healthcare etc. The Institute for Robotics Process Automation describes RPA as an application of technology that allows employees in a company to configure computer software or a "robot" to capture and understand the exist...