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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