Facebook hires Google's Fibre Co-founder

Social media giant Facebook has hired a co-founder of Google's Fibre high-speed Internet project to beef up its Internet connectivity team.

According to tech news site Re/Code, the social network has hired Kevin Lo as its Director of Infrastructure Connectivity and Investments to help lead Facebook's partnerships such as Terragraph - a project to bring Wi-Fi to dense urban areas and Facebook's partnership with Microsoft to build a fibre optic cable.

Lo later confirmed his appointment on his Facebook Page, saying that he wants to bring onboard over four billion people who lag behind in terms of using high-speed Internet services.

so I'm excited to let you know I'm joining Facebook this month as Director of Infrastructure Connectivity and Investments.

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Fareye funds $3.5 Million for ecommerce logistics

FarEye, an India-based startup that helps e-commerce companies run their logistics more efficiently, had landed $3.5 million in funding from SAIF Partners.

The New Delhi company operates a software platform that essentially sits between e-commerce firms and their logistics and fulfillment partners. That’s the high-level premise, but FarEye does a lot more than that, so co-founder and CEO Kushal Nahata told in an interview.


Global logistics is changing now, e-commerce has disrupted the industry and changed things [while] mobile penetration increasing means expectations of consumers have shifted,” Nahata, who started FarEye with Gautam Kumar (COO) and Gaurav Srivastava (CTO) in January 2013, said.

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SAP Start up Studio Launched in India

Enterprise application software behemoth SAP Labs India on Thursday launched accelerator program SAP Start-up Studio, aimed at providing mentoring, infrastructure and technology support to early-stage startups. 

India is home to the fastest growing ecosystem of start-ups and one of the most fertile grounds for new businesses. The aim of SAP Start-up Studio is to support Indian start-ups with a complete ecosystem,” said SAP Labs India Managing Director Dilip Khandelwal in a statement.

Marking the German global Enterprise Resource Planning (ERP) giant’s establishment of a dedicated program to driver entrepreneurship in India, the SAP Start-up Studio has selected its first set of seven early-stage start-ups. 

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Passengers will get only confirmed tickets : Indian Railways

Effective July 1, the Indian Railways will have many changes in its existing rules and regulations that will benefit millions of passengers.

The main highlight of these changes are refund on Tatkal ticket, confirmed ticket facility for train passengers among others.

Beginning July 1, passengers will get refund amount of 50 percent on cancellation of tatkal tickets.

Timing for booking tatkal will also be changed. From July 1, tatkal window for AC coach will be open between 10 am and 11 am while for sleeper coach it will be open from 11 am to 12 pm.

Waiting list will come to an end from July 1 for Suvidha trains. Tickets shall be issued only for confirmed and RAC passengers accommodation. There shall be no provision for waiting list in the train.

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Walmart selling its china ecommerce website to JD.com

Wal-Mart Stores Inc. is switching strategies in China, striking a deal to forge a partnership with one of the country’s largest e-commerce players rather than continue trying to crack the fast-growing but competitive market on its own.


Wal-Mart on Monday said it will sell its Yihaodian website to JD.com Inc.—the second-largest online retailer in China Wal-Mart will receive a 5% stake in JD.com, valued at roughly $1.5 billion at recent prices, and access to JD.com’s delivery network and shoppers.

JD.com American depositary shares rose 4.6% to $21.06 on the Nasdaq Stock Market amid the news, which was reported earlier by The Wall Street Journal. Wal-Mart shares rose slightly to $71.10 on the New York Stock Exchange.

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Facebook Enables SMS Text Messaging Option on Messenger

Social media giant Facebook has enabled SMS in Messenger for Android which means that users will now have the choice to be able to send/receive SMSes in Messenger itself.


The feature is only available on Android. However, when you send an SMS message, the recipient can be on any platform.

We hope that this new choice will bring the convenience of being able to access all your messages in one place, making your messaging a lot simpler and helping you stay on top of your conversations," Facebook said in a post.


Here's how it works.

Open Messenger and tap on Settings (the person icon), then select "SMS" from the list and turn on "Default SMS app."

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online sellers will reach 10 million by 2020

Over 10 million sellers are expected to be online to cater to the huge growth in the customer base on such platform in the next four years, a top e-commerce industry executive said on Wednesday.

India's internet users are soaring, and over 10 million sellers are expected to be online by 2020 to cater to the huge consumer base, be it through marketplaces or on their own," Nitin Bawankule, Industry director at Google India said here today. 

Beauty and personal care, lifestyle including home and furnishings, and fast moving consumer goods are the three categories that must focus on integrating their online and offline distribution to ensure seamless customer service," he added, while addressing the retail industry at a conference.

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Ecommerce B2C Model

What is Ecommerce?
Ecommerce in general refers to the transaction of business products and services via electronic system on the internet i.e) E-Commerce. 

What is B2C?

B2C is the type of a commerce transaction which refers to the direct transfer of business products and services to the consumers i.e) B2C

What is Ecommerce B2C model?

The Ecommerce B2C model is a combination of Ecommerce and B2C Business model which involves a direct business transaction of products and services to the consumers via internet. An Ecommerce B2C model involves a process of shifting of business layers responsible for intermediary functions which is called as Reintermediation.

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Free Higher Education for Lagging students in Assam

Assam government on Saturday announced free education for students with family income less than Rs one lakh per annum who are taking admissions in higher secondary, three-year degree and polytechnic diploma courses from this year.

As far as my knowledge goes, Assam is the first state in India to make higher education free for poor students. There will be absolutely no fee for those students whose parents' income is less than Rs 1 lakh a year," Assam Education Minister Himanta Biswa Sarma said in a press conference here. He said this will cover 310 government and provincialised colleges across the state benefiting 50,000-60,000 students.

Private institutions are outside the purview of this decision. The state government will incur an additional expenditure of Rs 70 crore for this in the first year, which will increase in the subsequent years.

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How to build a successful ecommerce brand?

With the growth of ecommerce, there is a heavy competition among the ecommerce players to reach their brand to the audience. Do you know what does brand elements mean? Some have a perception that company name, logo, design, tag-line only defines a brand but it is not so even if they are the key elements of branding. 

It is beyond that as it also includes perception of customers regarding business reputation, customer service & engagement, product offerings and advertising strategies.

Mainly in ecommerce business, branding plays a vital role in creating an impact in the minds and hearts of the customers that lasts for a long time. The brand you create have to be memorable, authentic and effective.

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India and US to work togther for Indian nuclear project

U.S. President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday welcomed the start of preparatory work on six nuclear reactors in India, a key step in closing the first deal stemming from a U.S.-India civil nuclear accord struck over a decade ago.

The two leaders said in a joint statement that India and the U.S. Export-Import Bank intend to work together toward a competitive financing package for the project and will work to finalize contractual agreements by June 2017.

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Tips to Boost your ecommerce with Email Marketing

Email Marketing is one of the best Marketing campaigns as in the case of digital marketing. It is a great tool for building a good relationship with your target audience and convert them in to customers.

The main thing here is that you should get good business leads and this can be done only with the excellent content delivery and good quality products and services. A report says there is an average ROI of $38 for every $1. 

How to prepare a effective Email campaign?

The major things we have to concentrate while preparing for a Email campaign is to concentrate more on the subject of the E-mail. The subject should be catchy and meaningful. Make a good graphical image with HD quality to get attention from the users.

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LG Electronics Hires Snapdeal's Business Head

LG Electronics India has hired Saif Iqbal , Snapdeal's business head for electronics, to shape its ecommerce strategy by December, people aware of the development said. 

India's largest white goods maker plans to launch televisions, white goods and smartphones exclusively for online sales so as to minimize conflict with brick-and-mortar retailing, they said. Till the time this article was published, LG Electronics India had not responded to ET's email query in this regard sent on Friday. 

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Bax-shop becomes Bax Music

Bax-shop, an online music store from the Netherlands, has expanded its presence in Europe. The retailer, which will change its name to Bax Music, has opened an online store in Italy, so consumers there can order articles for sound, stage and studio online. The Italian ecommerce website is the seventh online music store from Bax-shop in Europe.

Bax-shop.it is live since yesterday and offers customers in Italy thousands of instruments, DJ gear, lighting, music accessories and more. Bax-shop opened its online store in Spain just three weeks ago and now the Dutch company has seven online stores throughout Europe. Bax-shop is active in the Netherlands, Belgium, France, Germany, the United Kingdom, Spain and Italy and according to the company Sweden will follow soon.

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