Flipkart Acquires Myntra; To Invest $100 Mn in Fashion Biz


Marking the biggest consolidation in the e-commerce space in India, homegrown e-retailer Flipkart has acquired online fashion retailer Myntra in an estimated 2,000 crore deal. While the companies did not disclose the deal size, sources suggest the deal could be worth about 2,000 crore. “It is a 100 per ent acquisition and going forward, we have big plans in this segment. Flipkart and Myntra are getting together to create one of the largest e-commerce stories and together we will dominate the market,” Flipkart co-founder and CEO Sachin Bansal told reporters.

Asked about valuation, the companies declined to comment. “We, at Flipkart, believe that we want to be leaders in every segment and fashion is a category of the future, this acquisition will help us become leaders in this category,” he said. Sachin said Flipkart will invest $ 100 million (around 600 crore) in its fashion business in the near-term. Flipkart, which started in 2007 as an online bookstore, sells products across categories, including fashion and electronics. It also sells white goods and furniture.

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The move is expected to help Flipkart strengthen its apparel portfolio and compete more aggressively with peers like Amazon and Snapdeal. Myntra will continue to operate as a separate entity with its co-founder and CEO Mukesh Bansal joining Flipkart board and heading the fashion business. “It was very essential to keep Myntra a separate entity and preserve its culture. I’m here for the long haul and we will continue to grow in the market,” Mukesh Bansal said.

India’s e-commerce market has seen huge growth in the past few years as more people log on to the Internet to shop. While apparel and electronics are bestsellers for most e-commerce firms, categories such as home decor and household items are also popular. The industry, estimated to be worth about $ 3 billion currently, has firms such as Snapdeal, eBay and Amazon which follow the marketplace model.

Led by increasing Internet penetration and youngsters shopping online, Flipkart’s annualized sales crossed $ 1 billion (over 6,100 crore) a year ahead of target. It had estimated to reach the billion dollar mark for gross merchandise value by 2015. Flipkart, which also operates under the marketplace model allowing retailers to offer products on its platform, has since its inception rose over $ 500 million from investors. The Bangalore-based firm, founded by Sachin Bansal and Binny Bansal, counts Naspers, Tiger Global, Accel Partners, Dragoneer, Morgan Stanley, Sofina and Vulcan Capital among its investors.

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Rubik’s Cube invention Google Doodle


Today 19th May 2014 Google is celebrating one of the greatest toy inventions ever. The  Rubik’s Cube invention was invented in 1974 by Erno Rubik. Erno Rubik was a Hungarian inventor, architect and professor of architecture.

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Erno Rubik was best known for the invention of mechanical puzzles including the Rubik’s Cube Invention, the Rubik’s Magic 3-D combination puzzle, Rubik’s Magic: Master Edition and the Rubik’s Snake. However none of these became so popular as the ordinary Rubik’s cube invention that entertained and fascinated a whole generation.

Today’s Rubik’s Cube invention is a playable game on the Google homepage and is an exact replica of the Rubik’s Cube Invention except that you can play it virtually on your computer. In the past Google have been accused of creating some time wasters, like the Pac-Man game they had on the 21st of May 2010 some news sites reported that the game cost the world 4.82 million of productive economic hours which were wasted on people playing the game.

I think that if the Rubik’s Cube invention is going to be measured similarly the Rubik’s Cube Invention game is going to win hands down. The game is a bit tougher to play and you have to order all the same colors of blocks together which might take far longer to do than to play the Pac-Man game, nonetheless I am thrilled that Google have once again upped the level of entertainment and insight their doodles bring!

If you remember the Rubik’s Cube Invention and if it’s from your era you will not be able to resist the Rubik’s Cube Invention and if you are like me you will not give up on playing the game until you have at least once completed the online version!

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How to play the Rubik’s Cube Invention Google Doodle

The aim of the game for those who don’t know is to have all the blocks on the Rubik Cube have the same 9 colors on all the sides of the Rubik Cube, you do this by moving the colors one at a time either up or down, left or right until you have all the colors the same.

For more information about the Rubik’s Cube Invention we highly recommend that you visit the Wikipedia site for a complete overview of the Rubik’s Cube Invention.

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Whatsapp Now Has Half A Billion Users! Saw Fastest Growth In India #Android


WhatsApp, the instant messaging service now has 500 million active users across the world, beating even Facebook by length to become fastest growing service ever when it comes to rate of user acquisition.

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In an official blog the company on Wednesday also revealed that its users share 700 million photos and 100 million videos each day. On April 1 the company also declared that its users have shared 64 billion messages within 24 hours, creating a new record.

“Thank you all, half a billion people throughout the world are now regular and active users of WhatsApp,” the post read. “In the last few months, we’ve grown fastest in countries like Brazil, India, Mexico, and Russia, and our users are also sharing more than 700 million photos and 100 million videos every single day. We could go on, but for now, it’s more important that we get back to work – because here at WhatsApp, we’re just getting started.”

WhatsApp is way ahead in the race than its owner Facebook by acquiring 419 million users in the first four years after its launch whereas the social networking giant which bought instant messenger for whopping $19 billion had 145 million users, according to ReadWrite, a technology news website.  

Jan Koum, the CEO of WhatsApp said to Recode, a website that includes tech news, out of these 500 million users, about 48 million users are Indians, which is also the fastest growing user base for WhatsApp. In Brazil, the messaging app has 45 million users. Alltogether, WhatsApp and Facebook now possess nearly 1.5 billion active users, offering the networking giant a huge reach, especially on Smartphones.

In spite of the large user base, it is still unclear that how Facebook can monetize WhatsApp. The messaging service doesn’t host any advertisement and both CEOs have mentioned that this is not going to change anytime soon.

 “In spite of its rapid growth, we have not yet thought of monetizing WhatsApp,” Koum said to Recode. The main focus is on offering clean and usable instant messaging service, “there is no sufficient money and celebrities in the world to convince people to use worthless products. Nowadays people are so tech savvy. People look for a better user experience”, Koum added.

Koum also informed that the free voice call service on WhatsApp will make available to the users in the following months.

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Track your Facebook ‘Friends’ precise location


The feature will be soon rolled out into iOS and Android app

Call it yet another attempt at intruding your privacy or a great way to advance social meet ups. Facebook has rolled out a new feature where your friends are notified when you are nearby or vice versa – enabling friends to catch up for a coffee or even watch a movie together.

Thankfully, the feature enables you to choose which one of your friends will get to know when you are nearby and how long they will remain notified, thereby enabling you to avoid those who you really want to.

The feature will be soon rolled out into iOS and Android app first in the United States. Facebook announced that the feature will only work if both – you and your friend – are on each other’s white list. “Sharing your location with Nearby Friends goes two ways — you and your friends both have to turn on ‘Nearby Friends’ and choose to share with each other to see when you are nearby. Your friends will only be able to see that you are nearby if you share this info with them and vice versa.”

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You can even turn on precise location which could come out really handy to trace a friend or a dear one in a really crowded market.

The travel-sharing feature allows a friend to notify you when they are traveling. “You’ll be able to see the city or neighbourhood they are in, including on their profile. When you see a friend visiting a place you’ve been, it’s the perfect opportunity to send a recommendation for a great restaurant,”

The market is already flooded with apps that enable you to share your location with friends.

Apple has its own app called Find My Friends.

That enables you to locate friends and family using your iPhone, iPad, or iPod touch. The free app uses Apple ID to sign into the iCloud and you can send your location details ( can be a temporary share with time limits) to those in your contacts or even send an email. “When your friend accepts your invitation using the Find My Friends app on their device, you can start following their location. Your friends can request to follow your location the same way.”

Similarly,  SocialRadar currently works on your iPhone and could soon be available on Android and Google Glass.

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Etisalat auction: How much for 050-7777777 VIP number?


Properties, cars and vanity number plates have been auctioned before in the UAE, but now its VIP mobile numbers.

Etisalat, a telecommunication services and technology company, has put 70 numbers on the Emirates Auction website with only seven of them (050-7777777, 050-7777770, etc) listed in the diamond plus category.

“The prices may be disclosed a week before the auction on our website and if not then it will be revealed only at the venue,” a call center executive of Emirates Auction.

“You will have to bring a signed cheque and hand it over to the person at the auction. If you bid and win, you will have to put the amount on the cheque handed over.”
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The auction will be held on March 8 at Emirates Palace, Abu Dhabi and Armani Hotel, Dubai.

Etisalat has said that part of the auction revenue will be used to support Khalifa Foundation programmes, while another part will be used to support Etisalat’s CSR projects.

The auction is part of the company’s continuous efforts to support social responsibility programmes and was announced during the signing of an agreement with the Khalifa bin Zayed Al Nahyan Foundation and Emirates Auction at Etisalat’s headquarters in Abu Dhabi.

According to Emirates Auction website, there are seven diamond plus numbers, 25 diamond numbers, 18 platinum numbers and 20 gold numbers.

The above categories include different packages, with the buyer of the Diamond Plus number getting 22,500 local minutes per month for 2 years, 2,250 international minutes per month for 2 years, 100GB data per month for 2 years, 22,500 local SMS per month for 2 years, 300 incoming roaming minutes per month for 2 years, the latest smartphone and a dedicated customer care.

The package for Diamond numbers includes 7,500 local minutes per month for 2 years, 750 international minutes per month for 2 years, 20GB data per month for 2 years, 7,500 local SMS per month for 2 years, 100 incoming roaming minutes per month for 2 years, a smartphone and a dedicated customer care.

Buyers of Platinum number will get 2,500 local minutes per month for 2 years, 100 international minutes per month for 2 years, 10GB Data per month for 2 years and 2,500 Local SMS per month for 2 years, a smartphone and a dedicated customer care, while Gold number buyers get 850 local minutes per month for 2 years, 50 international minutes per month for 2 years, 5GB data per month for 2 years and 850 local SMS per month for 2 years, a smartphone and a dedicated customer care.

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Samsung sells 110-inch ultra-HD TV for $150,000


Samsung said a 110-inch TV that has four times the resolution of standard high-definition TVs is going on sale for about $150,000 in South Korea.

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The launch Monday of the giant television set reflects global TV makers’ move toward ultra HD TVs, as manufacturing bigger TVs using OLED proves too costly.

Last year, Samsung and rival LG Electronics, the world’s top two TV makers, touted OLED as the future of TV. OLED screens are ultrathin and can display images with enhanced clarity and deeper color saturation.

But Samsung and LG failed to make OLED TVs a mainstream that would replace the LCD television sets and still struggling to mass produce larger and affordable TVs with OLED. Meanwhile, Japanese media reported last week that Sony Corp. and Panasonic Corp. decided to end their OLED partnership.

Demand for U-HD TVs is expected to rise despite dearth of content while its price will likely come down faster than that of the OLED TVs. Much of the growth is forecast to come from China, a major market for the South Korean TV makers. Chinese TV makers have been making a push into the U-HD TV market as well.

According to NPD DisplaySearch, global sales of ultra-HD TV sets will surge from 1.3 million this year to 23 million in 2017. More than half of the shipments will be taken by Chinese companies between 2013 and 2017, according to NPD.

While Chinese TV makers have been seeking to boost sales of U-HD TVs with a lower price and a smaller size, Samsung’s strategy is to go bigger with a higher price tag. Samsung’s 110-inch U-HD TV measures 2.6 meters by 1.8 meters. It will be available in China, the Middle East and Europe. In South Korea, the TV is priced at 160 million won ($152,000) while prices in other countries vary.

Samsung said it received 10 orders for the latest premium TVs from the Middle East. Previously, the largest U-HD TV made by Samsung was 85-inch measured diagonally.

The ultra-HD TVs are also known as “4K” because they contain four times more pixels than an HD TV.

Most Followed Trending Topics On Twitter in 2013


From breaking the news of a royal baby to a presidential election or the retirement of the cricketing legend, twitter continued to be the platform for mass interaction. So, let’s have a look at some of the most tweeted topics in 2013 that rocked the internet world.

Presidential inauguration, United States

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The United States ushered in a second term for Barack Obama this year. Many people recorded the event by collecting social media and updates from around the Web, especially from twitter. The White House story drew heavily from the official presidential social media accounts, and continued with the updates even after the day of the actual event. There were around 1.1 million inauguration-related tweets during the ceremony. First Lady, Michelle Obama too tweeted: “Honored and blessed to be joining so many of my fellow Americans gathered to watch the Inauguration.” With over 34.7 million followers, U.S. President Barack Obama is the most followed head of state in Twitter.

Sachin Tendulkar Retirement

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As cricketing legend, Sachin Tendulkar, played his 200th and final Test, tributes poured in on twitter in honor of the Master Blaster. From cricketers to politicians to celebrities from all walks of life, all took to twitter to express their feelings and to pay their tribute. In tribute to Sachin, BCCI ran a campaign in twitter called #ThankYouSachin, which generated over 3 million tweets. #ThankYouSachin was used not only by common Twitter users but also by celebrities like Mahendra Singh Dhoni. As Sachin acknowledged the campaign, he wrote on Twitter page, “I am really touched with #ThankYouSachin messages. Your support all these years have inspired me to give my best,” reports TOI. The tweet was retweeted over 16,000. This makes it the most tweeted news in India, reveals Twitter. “I am really touched with #ThankYouSachin messages. Your support all these years have inspired me to give my best,” tweets Sachin.

Death of Nelson Mandela

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After the former South African president—Nelson Mandela’s death, Twitter spiked at 95,000 tweets per minute  and has been flooded with tweets that are  tributes to this great legend. Madiba, also became a trending topic on Twitter with public figures, including former president Bill Clinton, tweeting affectionately about the leader. Over six million tweets were recorded and even the funeral ceremony generated around 328 000 tweets.

Election of Pope Francis

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The election of Pope Francis does clock in as one of the biggest Twitter event of all time in the tweets per minute range. He is the most influential world leader on Twitter, with the highest number of re-tweets worldwide. Pope, with 7.2 million followers is also the second most-followed leader of the world, after U.S. President Barack Obama. The new Pope’s papal inauguration generated more than 130,000 tweets per minute at its peak. Cardinal of Buenos Aires Jorge Mario Bergoglio‘s election dominated online discussion to such a degree that it became the subject of eight of the top 10 trending topics at one point, says Twitter.

The Birth of Royal Baby, UK

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The news of the new born Prince of Cambridge earlier this year, brought Twitter close to meltdown as millions from around the world shared their excitement and offered congratulations. Incredible 487million Twitter users have posted about the Duchess of Cambridge going into labour even before the baby’s birth was announced. A spark of conversation came in the minutes following the initial announcement, with over 25,300 tweets per minute. According to Twitter, the highest volumes of tweets came from the UK, the United States, Canada, France and Italy. It was thought to be one of the busiest days the social network has ever experienced.

Government Shutdown, United States

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The government of U.S. when shutdown for 16 days after Congress failed to enact legislation appropriating funds for fiscal year 2014. Regular government operations resumed after an interim appropriations bill was signed into law. During that period, millions of tweets have been generated all over the world. Social media like twitter served as a megaphone for dozens of politicians airing their opinions to masses.

India’s Mars Mission

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With India’s mars mission successfully launched, it became the first Asian country and fourth nation in the world to leap into the interplanetary space with its Rs.450-crore exploratory mission to Mars, about 400-million km from earth. Even this event took lots of netizens to voice their opinion in the social media especially in twitter. Here are some of the tweets- “Actually that’s how I celebrate #Diwali. By firing small rockets like #Mangalyaan. #MissionMars #MarsMission #IndiaMarsMission #lol.” “Its incredible that @ISRO_India managed to put together #IndiaMarsMission is just 15 months!”

The Boston Marathon Bombings

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Twitter have brought the best and worst scene of the Boston Marathon Bombings that took place in April at the finish line of the Boston Marathon. Gossip and poorly reported news spread like wildfire over social networks, creating some confusion regarding the identities of the suspected bombers. But Twitter also provided a way for people to spread accurate news, and more importantly, come together in grief and support. There were more than 27 million tweets sent related to the Boston Marathon Bombings.

India’s Great Online Shopping Festival Is Back! #GOSF


Google, yet again launches its most anticipated ‘India’s Great Online Shopping Festival’ (GOSF) commencing on the 11th to the 13th of December this year. GOSF is a festival for online shoppers in India stretching out for three days inspired by a similar online consumer activity which is promoted by retailers in the US by giving good discounts to customers called the ‘Cyber Monday’, reports watblog.

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Last year, Google had conducted a similar activity which created a lot of buzz in the online shopping sector, bringing together almost all e-commerce companies together in India.  It has been continuously innovating in India to make internet accessible to all and to get all shoppers under one single roof. 
It is reported that, last year GOSF saw a massive user-engagement which had directly increased the sales and traffic of all major e-commerce portals which had associated with it. Contradicting to that, few users and certain publications have reported discrepancies such as discounts amounts not being significant, boring items and overcharging.
This year, Google announced that Intel, Airtel and PayTM will be its preferred partners and that it has lots of new e-commerce startups lined up with massive offers. Though Google is cutting the cheese in the internet sector with ideas like never before, it would only be admirable if it doesn’t repeat the performance it showcased like last year.

Tata Teleservices To Offer Free Voice Minutes For Viewing Mobile Ads


In a bid tap into the growing mobile advertisement market, Tata Teleservices will soon start offering subscribers free voice minutes for viewing ads on their handsets before making calls.
It has tied-up with a few companies to show their ads, a move that will add to Tata Tele revenues. The company will launch the service in partnership with mAdcall, a sister concern of Astute systems.
‘GET’, a mobile advertising application will be available on the GSM as well as CDMA networks (Docomo and Indicom brands) and is compatible with Android, Java, Symbian and Blackberry. The application can also be accessed over Wi-Fi and Tata Docomo Internet.

Tata Tele has over 63 million subscribers across India.
The application enables video advertising on mobile and users can choose when or where they want to view a video commercial on their phone.

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A company official said: “Users will be offered free voice minute, per advertisement viewed on their Docomo data enabled handset, for both pre-and post-pay customers.”
He added mobile users opting for the service will not be charged for data while using Tata Docomo Internet.
The advertisement will play on the handset without buffering on 2G, 3G or CDMA network.
“Users will be instantly rewarded with one minute of local or national talk-time for each advertisement viewed,” the official said.

It is the first operator to launch this application on GSM and CDMA technology in India, he added.
According to a recent report by Internet and Mobile Association of India (IAMAI) and IMRB International on digital advertising, 105 crore were spent on mobile ads in 2011-12.
The report said the number of active mobile Internet users had reached 48 million by March 2012 and as a result, advertisements placed on mobile phones and tablets are increasingly becoming commonplace.

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The company is of the view that the application will benefit advertisers as they will get accuracy in data, as to who watched the video and when.
“The mobile users are not offered any ads if they are trying to make emergency calls, given the nature of the call being made. Also no ads are offered while making calls to toll free numbers, international calls or while in roaming in off-network locations,” the official said.