Latest News

  K Raheja Group-owned retailing firm Shoppers Stop has collaborated with global IT and professional services company Accenture to accelerate its digital commerce transformation across retail channels, a joint statement said on Tuesday. The programme aims to enhance customer experience and profitability, as well as support Shoppers Stop's goal of being the go-to digital destination, it stated. Shoppers Stop Managing Director and Chief Executive Officer Venu Nair said omnichannel commerce has been a huge focus area for the company. "By collaborating with Accenture, we want to further strengthen our digital commerce strategy for greater reach and access and also improve the overall shopping experience of our customers," he said, adding that the company aims to "achieve significant profitable growth" in the digital commerce revenues over the next three years. Read More

  Omnichannel eyewear brand Lenskart on Wednesday said it plans to expand its workforce and add over 2,000 employees across the country by March 2022. In addition, Lenskart will also expand its international teams in Singapore, West Asia, and the US by adding 300 more employees. Lenskart has been aggressively hiring across verticals, especially the tech and data science team, roping in data scientists, business analysts, data engineers, and experts, a statement said. The company is looking to add 1,500 more retail employees "to manage their rapidly increasing stores" and over 100 engineers to the technology team across Bengaluru, NCR, and Hyderabad, it added. Over 300 employees will join the supply chain and manufacturing operations, while another 100 people will be hired for corporate functions across finance, consumer insights, human resources, and merchandising. Click Here

(Reuters) - Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giant Google and social media heavyweight Facebook Inc to pay domestic media outlets for their content. "While Microsoft is not subject to the legislation currently pending, we'd be willing to live by these rules if the government designates us," the software giant said in a statement. Both Alphabet Inc's Google and Facebook have called the laws unworkable and said last month they would withdraw key services from Australia if the regulations went ahead. Read More

Chinese conglomerate Xiaomi on Sunday said that it has filed a lawsuit against the US Defense and Treasury departments, seeking reversal of a decision to block US investments. The company filed the lawsuit in the US District Court of Columbia on January 29. "With a view to protecting the interests of the global users, partners, employees and shareholders of the company, the company has pleaded to the courts to declare the decision illegal and that it be reversed," Xiaomi said in a statement. The move comes after the US Department of Defense earlier this month blacklisted Xiaomi as a "Communist Chinese military company". Read More

  Airtel is now a 5G-ready network and the telecom operator is waiting for adequate spectrum allocation to rollout 5G services in the country, said Gopal Vittal, MD & CEO, Bharti Airtel on Thursday. Recently, the company demonstrated live 5G over a commercial network in Hyderabad city and said that its network is 5G ready. Airtel 5G Airtel did this over its existing liberalised spectrum in the 1800 MHz band through the Non Stand Alone  network technology. Using the dynamic spectrum sharing, Airtel operated 5G and 4G concurrently within the same spectrum block. Read More

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. Reliance Future deal The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August.   ALSO READ: Delhi HC rules Amazon's attempt to control Future violative of FEMA FDI The SEBI has said the litigation pending before the Delhi High Court and arbitration proceedings by the global e-commerce major Amazon contesting the deal should be specifically mentioned by Future Group while seeking shareholders or the National Company Law Tribunal approval, the BSE stated in its observation letter. Read More

  Swedish telecom gear maker Ericsson has accused Samsung of violating contractual commitments by failing to adhere to various licensing patent agreements ranging from 2G to 5G. Swedish telecom gear maker Ericsson has accused Samsung of violating contractual commitments by failing to adhere to various licensing patent agreements ranging from 2G to 5G. In a lawsuit filed at District Court in Texas in the US, Ericsson alleged that the South Korean tech giant failed to adhere to the fair, reasonable, and non-discriminatory (FRAND) terms and conditions. Samsung's FRAND commitment is a contract between Samsung and European Telecommunications Standards Institute, Ericsson claimed in the complaint. Read More

  The facility has manufactured more than 5 million telecom network equipment units over the years Telecom equipment maker Nokia has started the production of next generation 5G equipment at its Chennai plant. Nokia said it was the first to manufacture the 5G New Radio in India, and it is now producing Nokia AirScale massive Multiple Input Multiple Output (mMIMO) solution at the facility, which has attracted investments worth Rs 600 crore since 2018. Nokia 5G technology The facility has manufactured more than 5 million telecom network equipment units over the years. “The equipment is already being exported to many countries in advanced stages of 5G deployment. Nokia's Chennai plant is a significant contributor to the government's 'Make in India' initiative to boost domestic manufacturing designed to position India as a manufacturing hub for the latest telecom gear,” said the company. Read More

Only Marico's Saffola Honey clears all tests; Dabur, Emami, Patanjali say their products safe Some of the country's top honey brands , including Dabur, Patanjali, and Emami, have failed an adulteration test carried out by a foreign laboratory, the Centre for Science and Environment (CSE) said on Wednesday, bringing into focus the issue of contamination of honey, which is widely used as an immunity booster in India. Among big brands, only Marico's Saffola Honey cleared all the tests, pointing to the level of adulteration among popular honey labels, the CSE said. Smaller brands, on the other hand, failed laboratory tests for both Indian and foreign standards, the organisation based in New Delhi said. According to the CSE, honey, which is a natural product acquired from bees, is mixed with sugar syrup acquired from rice, corn, beetroot, and sugarcane and passed off as pure -- a clear health hazard. Read More