Airtel cuts prepaid data tarriffs

India’s largest telecom operator Bharti Airtel on Sunday said that it would offer more 3G and 4G data to its existing packs, thus resulting into benefits on these packs increasing by up to 67 per cent. Airtel’s move comes only two days after the Aditya Birla group company Idea Cellular revised its internet tariffs, and is pegged to be the beginning of a tariff war ahead of Reliance Jio’s launch.

Traditionally, Indian telecom companies have maintained tariffs in line with their competitors to retain customers on their own networks. The latest tariff reduction exercises are seen as the companies preparing for the imminent rollout of Jio’s services.

Under the revised Airtel data benefits, the Rs 655 4G/3G monthly recharge pack will now offer 5 GB data, compared with 3 GB data it offered earlier. The Rs 455 4G/3G pack now offers 3 GB, instead of 2GB. Similarly,Rs 989 4G/3G pack will offer 10 GB data as opposed to 6.5 GB earlier.

Airtel has also revised rates for its Sachet Packs with Rs 25 2G pack now offering 145MB data, instead of 100 MB. Airtel Rs 145 4G/3G pack now offers 580MB, in place of 440 MB earlier. Also, the Rs 5 one day 2G data pack benefits have been increased to 30MB.

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Shopclues buys bengaluru based startup Momoe

Online marketplace ShopClues, the newest member of the billion-dollar valuation club, has acquired Bengaluru-based startup Momoe as it looks to build a payments business.

The deal will also help ShopClues establish an office in the startup capital and all five Momoe founders are expected to join its senior management team across functions like design, corporate development and technology. The deal size is pegged at $10-12 million, with consideration being paid in both cash and stock. ETfirst reported about the deal on March 14.

Investors in Momoe — which raised $1.2 million from India Quotient, IDG Ventures India and Jungle Ventures — will get both cash and stock in ShopClues as a part of the transaction.

We got five very senior people in the company as a part of this acquisition, which is the most exciting part," said Sanjay Sethi, CEO of ShopClues, while declining to comment on the deal size.

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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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