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SoftBank acquires stake in Flipkart

Flipkart Must now focus on delivering products to small towns, rural areas. 

SoftBank’s Vision Fund acquires stake in Flipkart

  • “After this financing round, Flipkart Said, it will have in excess of $4 billion of cash on balance sheet”.
  •  It also means that the upcoming Diwali will see a lot of discounts from both Amazon and Flipkart.
  • The deal also signifies that in future – A consortium of Alibaba-Softbank-Flipkart-eBay-Paytm could join hands to put up a joint fight against Amazon in India

Flipkart

MW-EM642_softba_20160512234913_ZH

 

Details from

http://www.moneycontrol.com/news/business/companies/softbanks-vision-fund-invests-in-flipkart-becomes-largest-shareholder-in-the-firm-2356199.html

http://timesofindia.indiatimes.com/business/india-business/softbanks-vision-fund-acquires-stake-in-flipkart/articleshow/60002319.cms

Ten Popular Startups Supported by Ratan Tata

Ten Popular Startups Supported by

Ratan Tata

 

  1. Paytm

  2. Ola

  3. Xiaomi

  4. Snapdeal

  5. Zivame

  6. Urban Ladder

  7. CashKaro

  8. UrbanClap

  9. LensKart

  10. Cardekho

20tata6

 

 

Source : Gadgets Now by Times of India

http://www.gadgetsnow.com/slideshows/10-popular-startups-backed-by-ratan-tata/photolist/57601909.cms 

Facebook Shut Down AI After It Invented Its Own Language

Facebook Shut Down AI After It Invented Its Own Language

Researches at Facebook shut down an artificial intelligence (AI) program after it created its own language, Digital Journal reports.

Read Full Article here:
http://www.theepochtimes.com/n3/2274480-facebook-shut-down-ai-after-it-invented-its-own-language/

 


Bengaluru Based “Team Indus” is making INDIA Proud!!!

TEAM INDUS – Bengaluru firm eyes to land first private spacecraft on moon

The company, Team Indus, is just a step away from building the flight model that will be flown onboard a PSLV from Sriharikota.

 

download

Read the Full Article on Times of India

http://timesofindia.indiatimes.com/city/chennai/bluru-firm-eyes-to-land-first-pvt-spacecraft-on-moon/articleshow/59706355.cms

 

About TeamIndus

http://www.teamindus.in/

Reinventing as per situation

Satya Nadella’s Bets 

Pay Off, Microsoft 

does well in Cloud Solutions and Service Subscription Business

The results were the clearest sign yet that the strategy put in place by Chief Executive Satya Nadella when he assumed the top job in 2014 is paying off.

Welcome to New India… Vishal Sikka Arrives In Driverless Cart, Offers Glimpse Into Infosys’ New Plans

source: NDTV

Vishal Sikka Arrives In Driverless Cart, Offers Glimpse Into Infosys’ New Plans..

Dr Sikka said that the vehicle has been built by Infosys engineers and is meant to train other employees on technologies like artificial intelligence.

http://m.ndtv.com/india-news/vishal-sikka-arrives-in-driverless-cart-offers-glimpse-into-infosys-new-plans-1724627?pfrom=home-topstories

HOW ELON MUSK IS CHANGING THE WORLD WITH SIMPLE MATH!!!

A wonderful article about Elon Musk by Quartz..

Simple math is why Elon Musk’s companies keep doing what others don’t even consider possible

Simple math is why Elon Musk’s companies keep doing what others don’t even consider possible