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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Gmail May Soon Get a Complete New Look #Google


Gmail is one service that most people rely on every day for personal as well as professional mailing.

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The new report suggests that Google is apparently testing to bring in latest features for Gmail web interface featuring more of white spaces and the absence of the new tabs feature. The mails classification icons which are reflected as tabs and the menu at the left side are now hidden. Not just this, the forthcoming version of Gmail includes Hangouts chat menu placed at the top right with a drop down list of chat contact and a big Search box in the middle.

Scrolling down on the right hand side towards the bottom, there are email and reminder creation buttons that are round in shape and are created to enable users to store numerous unfinished messages or reminders.

Coming to the inbox, Gmail developers are also trying to develop a new feature called Pinned, which will allow users to keep important emails front and center at the top of their inbox. This feature includes an enclosure that will instantly shift emails back to their original place with a single tap—perfect for viewing incoming mails instantly.

However, nothing is confirmed from the Google side about the release of this leaked new interface.

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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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5 Social Media Trends To Be Followed By An Entrepreneur


As the social media’s growth is rapid these days it is important for an entrepreneur to be updated in all the trends catching up to reach people better. So here are some media trends which are to be in the minds of an entrepreneur to excel better.

#1.Diversify

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When it comes to setting up a new business, social networking sites are to be considered. But the question is how many? The answer would be most of them, as reaching out it to people is very essential. Even though socializing is very necessary here, managing a lot of them would be a difficult task. So depending on resources and time, it is better to have as many as social networking sites as you can to establish yourself.

The most important point, do not stick on to one site as you can never predict when the sites will go off air. If the site shuts down, you will lose all your connections and work. So make it a point to keep your connections active on other sites too.

#2.Visual content

Visual content plays a very important role in social media business these days. About 63 percent of the social media websites use visual content to convey their ideas to people.  Video content on the social media platforms through apps like Vine and Instagram featuring microvideos, and info graphics delivering messages in an innovative way have widely caught eyes of people. 

#3.Social media, SEO, Content Creation

For an entrepreneur it is very important to think that all the three social media, SEO and content creation are the wheels of online marketing. These three factors relate to increase in the visual response, building your brand, gather customers and increase sales.

#4.Social media as a brand builder

Building your brand through social media impacts on the SEO and helps increase sales. Focusing on building your brand should be the key.

All these years of evolutions in social media have clearly taught us one thing, the entrepreneur with an engaged approach and flexibility will get huge returns on the investment. Learning the latest trends in social media marketing, targeting your goals and willing to experiment the tactics will help you grow and make changes as your business develops.

#5. Google+

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Google+ is the social media site in which every entrepreneur should have his focus on. Surprisingly, Facebook and Twitter have no influence on the SEO rankings and Google+ is the best way to access the Google authority which will play a major role in the SEO by the end of the year.

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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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Best Andriod Apps To Keep Yourself Updated About The Election #LSpolls2014


Lok sabha Election of 2014 is made special with the advent of mobile applications, which enables the users to view and share election updates with others. The traditional methods such as door to door campaign and rallies have proved insufficient to influence the tech savvy generation. Considering fact, many mobile app developers have come up with applications that are available on the play store or can be downloaded for free. Check out some top apps that will help you track the upcoming Lok Sabha election thus enabling you to make vote smarter, as compiled by Yahoo News.

 

Election India

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Election India provides mock voting option for the users to vote for their preferred political parties. This app includes detailed descriptions regarding election updates, political parties, political leaders, political videos, Facebook fan page and more. This also includes brief information about the current party president, party website link, and major political parties in India. Using Election India, users can write reviews on their political parties and can check the reviews from other app users as well. Election India also provides previous election results that contain information about the elected Prime Minister, party seats, and other major parties. Mock voting results can be viewed state wise and party wise for each individual state.

Election Watch Reporter (EWR)

 

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EWR is an app that reports complaints regarding election breaches. Users can use this app to file complaints regarding the violation of electoral rules,or expenditures done by the candidates during their campaigns. Users can add images and locations with their complaints which then can be reported to the Election Commission directly. Election Watch Reporter allows its users to file complaints under sections such as Media Advertising, Election Rally, Misuse of Official Vehicles, Liquor or Drugs Distribution and more.

Voter List LS 2014

 

This app provides the access to the detailed electorate lists for the upcoming elections. The app provides a state wise list of the voters. The entire states and the union territories of the nation are supported by this app. The simple and easy to use interface of Voter List LS 2014 app also enables the users to get the voters details in their local constituency as well with great ease.

 

Elect For India

 

This app enables the users to view the political candidates nominated for 2014 Lok Sabha Elections. Using this app users can leave their opinion vote and also can view the opinion results. Voting schedule for 2014 election can also be viewed using this app. Users can view the latest news, videos and updates about the election. Elect For India also helps the users to share the candidate details to their friends via Facebook and Twitter.

Voting Line

 

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This app provides the opportunity to experience real time voting trends throughout India. Users can evaluate the prevailing political trends of the country using this app. Voting Line facilitates the users to select right political leader for the country and also helps to evaluate  the opinions and current   scenarios Using this app one can vote for both Loksabha and Vidhan Sabha Constituencies on a daily basis. Users can also check the voting percentage of different political parties on a daily and monthly basis. Voting reports are organized based on the votes casted by the users of this app. Report can be analyzed on various listing options including age, education, state, and religion. The app keeps the information regarding the users and their voting opinions confidential.

India Politics

 

India Politics enables the users to watch events and speeches of their favorite leaders through Social Media such as Facebook, Twitter, and YouTube. This app updates latest news and trends about general elections, election dates and results, tweets from political leaders and parties. It also provides previous election results from all the major political parties in a state wise list.

 

Indian Election

 

Indian Election is an official app by the Election Commission of India which helps users to find their nearest polling booth. Using this app, people can enroll in to the voting list or confirm their enlistment. The app also enables the user to update or correct their personal information in voting list. This app can be downloaded from play store and is available for iOS, Android, and Windows operating systems.

 

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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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Indian Dignitaries Who Once Tasted Humiliation in the US


The most recent spat of a deputy consul general at the Indian Consulate in New York, Devyani Khobragade over a visa fraud has once again highlighted how Indians are battered in the foreign country in spite of holding a high official post. Here are the noted personalities who were detained or underwent a pat-down search while passing through or during their stay in United States, reports Yahoo India.

APJ Abdul Kalam

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APJ Abdul Kalam, the 11th president of India and the first scientist to hold the post was also once targeted during his visit to the U.S. There, he was twice frisked at New York’s JFK Airport with U.S. security officials even taking his jacket and shoes to check for explosives and also by staff of Continental Airlines at New Delhi airport. This was one such incident that left India fuming. Later, a written apology to Kalam and the Indian government was sent by the U.S. stating, “Appropriate procedure for expedited screening of dignitaries had not been followed”.

George Fernandes

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George Fernandes, former Defence Minister has claimed that he was strip searched twice at Dulles Airport in the U.S. Capital area, during an official visit as a defense minister to Washington in early 2002 and again while en route to Brazil in mid-2003. Later, the then United States Deputy Secretary of State, Richard Armitage, personally apologized to Fernandes over the incident.
“Just as we were saying good-bye to Fernandes, a member of our delegation innocently asked him when he would next be coming to Washington. His demeanor abruptly changed. It was as though he was glad to have an excuse to tell us how he really felt about our country,” recalls Richard.

Meera Shankar


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Meera Shankar, the Indian ambassador to the U.S. between 2009 and 2011, was subjected to a pat-down search in December 2010 by security personnel at Mississippi, Jackson-Evers International airport though she was travelling on a diplomatic passport. The reason behind the security search was nothing but wearing traditional attire—sari. The hands-on search also embarrassed the university officials who invited Meera Shankar to give a speech for an international studies program at Mississippi State University.

Shah Rukh Khan

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The king Khan of Bollywood, who arrived in the U.S. to visit the Yale University, was detained for over two hours at a New York airport in 2009 and 2012. Shah Rukh Khan was accompanied by Nita Ambani when they arrived in a private plane at the New York’s White Plain airport. Media sources stated that while everybody else was cleared by the immigration immediately, Khan was stopped for over two hours before being cleared by the immigration officials. On another incident, he was detained at Newark Liberty International Airport in New Jersey when he had gone to promote his movie ‘My Name is Khan’, which ironically was about racial profiling of Muslims in the U.S. “Nothing seemed to convince the immigration officer, even when other officers (who recognized me) vouched for me. I feel angry and humiliated,” Shahrukh said afterwards.

Praful Patel

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Former union minister Praful Patel, who was in Chicago for attending an official engagement was detained at the O’Hare airport in Chicago in September 2010. He was held for questioning as his name and date of birth matched with those of a man on America’s watch list. Despite telling the immigration authorities that he was a minister in the Indian government, they kept asking him why he was visiting the U.S. and whether he had stayed in the country earlier.

Azam Khan

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Uttar Pradesh Cabinet Minister and senior Samajwadi Party leader Azam Khan has alleged that he was insulted at the Boston airport in April 2013. Khan, who was accompanying state Chief Minister Akhilesh Yadav for a Harvard University event in the U.S., was detained briefly for questioning. Khan also alleged that officials at the Boston Airport not just frisked him but also misbehaved with him.

Hardeep Puri

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Hardeep Puri, India’s former UN envoy was detained for more than 30 minutes in a holding room at Houston Airport after refusing to remove his turban in December 2010. Puri refused to do the same as Sikh men are expected to keep their heads covered in public at all times. It is even forbidden to touch the head dress in public as it symbolizes self-respect, honour and piety.

Irfan Khan

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Irrfan Khan, a noted Indian actor who worked in Oscar-winning films like ‘Slumdog Millionaire’, ‘Life of Pi’ and ‘Spider-Man’, was also detained twice at the U.S. airports at Los Angeles airport in 2008 and at New York airport in 2009. Irrfan said,  “It’s humiliating. They don’t even disclose the reason,” reports PTI. “The policemen with big guns just take you to a room and ask you to sit. They don’t allow you to speak to anybody, nor use cellphones. And after long waits, they come and simply say ‘Go, please go’, he added.

Neil Nitin Mukesh

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Actor Neil Nitin Mukesh was detained at an airport in the U.S. for over an hour because the immigration officials refused to believe that he is an Indian. Neil said that the incident happened when he arrived in New York to shoot for Kabir Khan’s film ‘New York’ which has a backdrop of 9/11 terror attacks, reports PTI.

Laws needed to give lokpal teeth


“This is not about one Bill; this is about the framework and we would like to deliver that framework to the country.” Rahul Gandhi said so, in a rare intervention in LS before the Lokpal Bill’s passage. It was an appeal to the 15th LS that, besides Lokpal, it should “consider and enact all six pending anti-corruption Bills before its term expires”.

He proposed that the winter session be extended “to complete our unfinished work in our fight against corruption”. Law minister Kapil Sibal made a similar request in RS, “Let’s try and work extra hours to bring these Bills to the House and to have them passed.” Though the House has been adjourned indefinitely, the proposal of reconvening it merits serious consideration, as demanded by Aruna Roy on behalf of civil society — more so because there is apparently a political consensus in favour of these legislations.

Since the term of the 15th LS has been marred by scams, there cannot be a more fitting way of signing off than carrying out this “unfinished work” to complement the Lokpal legislation. Consider the difference each of these Bills could make once passed.

Right of Citizens for Time Bound Delivery of Goods and Services and Redressal of their Grievances Bill, 2011: As Arun Jaitley pointed out in RS, Parliament was obliged to pass this Bill to honour its 2011commitment before Anna Hazare broke his fast. One of the three clauses of the Sense of the House resolution passed then was a promise to enact a citizen’s charter for every public authority. This Bill subsequently introduced seeks to create a mechanism under which the charter will detail goods and services to be provided and their delivery timelines.

The proposed mechanism will have to redress within 30 days grievances related to the charter, functioning of the public authority and violations of a law or policy. It provides for the appointment of central and state public grievance redressal commissions, which will fine errant officers up to Rs 50,000. While Lokpal will deal with corruption, this Bill is about grievances like potholed roads or failure to supply ration cards.

Whistleblowers Protection Bill, 2011: The government came up with this Bill to strengthen safeguards for whistleblowers. It widened the whistleblower definition to include not just a conscientious public servant exposing corruption but also “any other person” including NGOs so that even RTI activists get similar protection. Disclosures of whistleblowers could be about an act of corruption, misuse of power or any criminal offence by public servants.

Under this, whistleblower can make his disclosure in confidence to the central or state vigilance commission. Anyone disclosing the complainant’s identity will be penalized. It imposes a penalty on whistleblowers if they knowingly make false complaints.

Judicial Standards and Accountability Bill 2010: This lays down enforceable standards of conduct for SC and HC judges. Sixteen of the 18 enumerated standards are derived from SC’s code of conduct for judges and requires judges to declare their and their kin’s assets and liabilities. Given the need to maintain judicial independence, it creates three mechanisms to deal with complaints on grounds of misbehaviour or incapacity. Once a complaint is filed, the proposed Judicial Oversight Committee will serve as first check. It will be a five-member body comprising two serving judges, a retired judge, attorney general and an eminent person. In keeping with the practice in countries like UK and US, this panel will allow non-judicial members to evaluate complaints.

If the complaint is in order, the oversight committee will forward it to the Scrutiny Panel comprising judicial members. Two of the three members will be judges sitting in the same court as the judge against whom there is a complaint. If the scrutiny committee is convinced of the complaint’s truthfulness, it will be referred to the Investigation Committee, which will have civil court powers. Penalties that may arise from this network of committees could range from an advisory to public censure of a sitting judge. This may also lead to a recommendation to the President for a judge’s removal.

Prevention of Corruption (Amendment) Bill 2013: After the coal scam, the government came up with a radical proposal scrapping the notion of punishing somebody for corruption even when there is no quid pro quo or bribery. The proposed amendment seeks to delete the clause in the corruption law against “misuse of official position to extend undue favours”. This will ensure that a public servant isn’t booked for a judgment error on his part unless there’s evidence of graft.

This introduces the need for sanction to prosecute retired bureaucrats, joint secretary and above and strengthens the investigating agency’s power to go after bribe givers.

The Prevention of Bribery of Foreign Public Officials Bill: It penalizes Indian companies and individuals bribing foreign state or international agency officials.

Public Procurement Bill: It seeks to ensure transparency in procurement by the Central government and its entities. It exempts procurements for disaster management or strategic purposes, and those below Rs 50 lakh. It sets open competitive bidding as preferred procurement method and mandates publication of all information on a portal.

122SOURCE : TOI