Category: eNews

  • Onspon.com appoints Aditi Sharma as VP

    Onspon.com appoints Aditi Sharma as VP

    MUMBAI: Aditi Sharma has appointed in Onspon.com, the only market place for evet sponsorship as Vice Presedent, North India Division.

    Aditi comes with 9+ years of diverse industry experience. A graduate in Capital Markets & Trading, she started her career in Banking and then moved onto creating a strong foot hold in flooring solutions, media and event industries. In these industries, she has amassed a repertoire of skills in the domains of strategic planning, sales & marketing, technology augmentation and business expansion.

    Alongside these, she has also built a strong foundation in training & customer service, network and business expansion.

    Over the last decade, Aditi has worked in multiple capacities. Prior to Onspon.com she was the Business Head at Snowmasters Special Effects Pvt Ltd and also worked with brands like Rediff.com, ABEC Ltd, Nora Floorings, Stonemaan Royale, HDFC Bank.

    Her passion lies in travelling, networking and painting owing to the armed forces background that she hails from.

  • Onspon.com appoints Aditi Sharma as VP

    Onspon.com appoints Aditi Sharma as VP

    MUMBAI: Aditi Sharma has appointed in Onspon.com, the only market place for evet sponsorship as Vice Presedent, North India Division.

    Aditi comes with 9+ years of diverse industry experience. A graduate in Capital Markets & Trading, she started her career in Banking and then moved onto creating a strong foot hold in flooring solutions, media and event industries. In these industries, she has amassed a repertoire of skills in the domains of strategic planning, sales & marketing, technology augmentation and business expansion.

    Alongside these, she has also built a strong foundation in training & customer service, network and business expansion.

    Over the last decade, Aditi has worked in multiple capacities. Prior to Onspon.com she was the Business Head at Snowmasters Special Effects Pvt Ltd and also worked with brands like Rediff.com, ABEC Ltd, Nora Floorings, Stonemaan Royale, HDFC Bank.

    Her passion lies in travelling, networking and painting owing to the armed forces background that she hails from.

  • Digital India aimed at creating knowledge-based society: Speaker tells MPs

    Digital India aimed at creating knowledge-based society: Speaker tells MPs

    NEW DELHI: Observing that the digital age is going to dominate the future, Lok Sabha Speaker Sumitra Mahajan has said the Digital India Programme is a giant leap in the endeavour to create a digitally empowered and knowledge-based society.

    Inaugurating an Orientation Programme on ‘Digital India Implementation’ for Members of Parliament in Parliament Library Building yesterday, she emphasized that many may not be well acquainted with Digital India as it was a relatively new phenomenon but it was imperative that Members as people’s representatives gain the right knowledge through this familiarization programme for the benefit of people at large.

    Mahajan further observed that Digital India campaign launched in July 2015 seeks to ensure that the Government services are made available to people effectively by improving online infrastructure, by increasing internet connectivity and by making the country digitally empowered in the field of technology.

    She hoped that the domain experts in the field would focus on the key components of Digital India Framework, MyGov – Creating Participatory Digital Democracy and Digital Village – connecting Rural India to Digital Services for the Members.

    Mahajan stressed that our Parliament is taking pro-active measures in adopting and applying information technology in its functioning. She said that an e-Portal for Lok Sabha Members was launched on 17 July 2016 to help the Members to discharge their parliamentary works more efficiently. It will be instrumental in minimizing the use of paper and help to convert Lok Sabha into a paperless institution in future, she added.

    Electronics & Information Technology Minister Ravi Shankar Prasad; Minister of State of P P Chaudhary; Bureau of Parliamentary Studies and Training (BPST) Honorary Advisor Raghunandan Sharma and Lok Sabha Secretary-General Anoop Mishra were also present at the inaugural function. The Programme was organized by BPST, Lok Sabha Secretariat in collaboration with the National Institute for Smart Government.

  • Digital India aimed at creating knowledge-based society: Speaker tells MPs

    Digital India aimed at creating knowledge-based society: Speaker tells MPs

    NEW DELHI: Observing that the digital age is going to dominate the future, Lok Sabha Speaker Sumitra Mahajan has said the Digital India Programme is a giant leap in the endeavour to create a digitally empowered and knowledge-based society.

    Inaugurating an Orientation Programme on ‘Digital India Implementation’ for Members of Parliament in Parliament Library Building yesterday, she emphasized that many may not be well acquainted with Digital India as it was a relatively new phenomenon but it was imperative that Members as people’s representatives gain the right knowledge through this familiarization programme for the benefit of people at large.

    Mahajan further observed that Digital India campaign launched in July 2015 seeks to ensure that the Government services are made available to people effectively by improving online infrastructure, by increasing internet connectivity and by making the country digitally empowered in the field of technology.

    She hoped that the domain experts in the field would focus on the key components of Digital India Framework, MyGov – Creating Participatory Digital Democracy and Digital Village – connecting Rural India to Digital Services for the Members.

    Mahajan stressed that our Parliament is taking pro-active measures in adopting and applying information technology in its functioning. She said that an e-Portal for Lok Sabha Members was launched on 17 July 2016 to help the Members to discharge their parliamentary works more efficiently. It will be instrumental in minimizing the use of paper and help to convert Lok Sabha into a paperless institution in future, she added.

    Electronics & Information Technology Minister Ravi Shankar Prasad; Minister of State of P P Chaudhary; Bureau of Parliamentary Studies and Training (BPST) Honorary Advisor Raghunandan Sharma and Lok Sabha Secretary-General Anoop Mishra were also present at the inaugural function. The Programme was organized by BPST, Lok Sabha Secretariat in collaboration with the National Institute for Smart Government.

  • Former Myntra finance head Prabhakar Sunder joins Voonik

    Former Myntra finance head Prabhakar Sunder joins Voonik

    MUMBAI: Voonik appointed Prabhakar Sunder as its chief financial officer. Sunder brings over 15 years of experience in capital raising, corporate finance, financial reporting and compliance, treasury and fund management, financial planning and analysis, risk advisory, taxation, procurement etc.

    In his previous role, Sunder headed the Finance, Commercial and Legal functions at Myntra, a leading fashion e-commerce platform in India. With him on Board, Voonik appears to be aligning its financial prowess with its growth roadmap for the next phase of expansion.

    Speaking on his appointment, Voonik.com CEO and founder Sujayath Ali said, “We are pleased to welcome Prabhakar on board as the CFO of Voonik. With more than a decade of experience with core e-commerce business platforms, Sunder has a proven track-record of maintaining lean and healthy financial operations and providing strategic guidance to top ventures. We are certain that his expertise will provide the necessary impetus to Voonik’s growth.”

    Sunder commented on his new role, “I’m delighted to join Voonik. The focus on personalisation sets it apart in the market as does its efficient business model. I look forward to working with the stellar team at Voonik and to be a part of this exceptional growth story. “

  • Former Myntra finance head Prabhakar Sunder joins Voonik

    Former Myntra finance head Prabhakar Sunder joins Voonik

    MUMBAI: Voonik appointed Prabhakar Sunder as its chief financial officer. Sunder brings over 15 years of experience in capital raising, corporate finance, financial reporting and compliance, treasury and fund management, financial planning and analysis, risk advisory, taxation, procurement etc.

    In his previous role, Sunder headed the Finance, Commercial and Legal functions at Myntra, a leading fashion e-commerce platform in India. With him on Board, Voonik appears to be aligning its financial prowess with its growth roadmap for the next phase of expansion.

    Speaking on his appointment, Voonik.com CEO and founder Sujayath Ali said, “We are pleased to welcome Prabhakar on board as the CFO of Voonik. With more than a decade of experience with core e-commerce business platforms, Sunder has a proven track-record of maintaining lean and healthy financial operations and providing strategic guidance to top ventures. We are certain that his expertise will provide the necessary impetus to Voonik’s growth.”

    Sunder commented on his new role, “I’m delighted to join Voonik. The focus on personalisation sets it apart in the market as does its efficient business model. I look forward to working with the stellar team at Voonik and to be a part of this exceptional growth story. “

  • Face-off between Amazon Prime, Netflix & Hulu

    Face-off between Amazon Prime, Netflix & Hulu

    MUMBAI: Folks at Amazon India are popping champagne bottles. The e-commerce giant has launched its Prime service for a free 60 day trial after which the annual subscription will be available at a special introductory price of Rs 499. Though Prime in the US and UK, offers more than the free one or two day deliveries, early access to offers and same day deliveries, the company also promises to bring its streaming video and music services here soon. Prime Video will include Amazon original TV series and movies besides other Indian and global content, is expected to be launched as a part of this service later.

    The Prime membership subscription fee in India might later be increased to Rs 999., which is much lower as compared to its other market like $99 (Rs 6,633) for US and £96 (Rs 8,691) for UK. Benefit to the US subscribers being that they can also enjoy other features like access to over a million e-books via Kindle Owners’ Lending Library and free unlimited photo storage, in addition to music and video.

    Prime will be available to customers in 100 cities, and members in 20 cities can also choose same-day, morning or scheduled delivery at a discounted fee of Rs 50 per order on over 10,000 products. These deliveries typically cost Rs 150.

    Amazon is not launching their content service which includes Amazon Video and Amazon Music. Although the company said that the video streaming is coming soon. Amazon Prime Video includes shows such as Mr. Robot and The Man In The High Castle. Reports suggest that the company will be investing a huge sum of $300 million for the original Prime video content in India.

    The biggest prime competitor for Amazon still would be Flipkart who also has a similar service called Flipkart first. The membership fees of Flipkart first is 500 per year. Like Amazon Prime, it also offers free fast deliveries and discounted one-day deliveries. Although, Flipkart customers get a Priority Customer Service or early access to deals and offerings. But returns, replacements and exchange policy remains the same.

    But the streaming showdown does not stop here. In the past, we have seen global streaming services Netflix and Hulu Plus entering Indian markets. With subscription fee of Rs 650 per month, Netflix offers a wide selection of movies and TV shows, with several series being exclusive to the platform or even made and funded by Netflix like House of Cards, Orange is the New Black and Marvel original TV shows, like Daredevil and Jessica Jones. In terms of films, it is mainly back catalogue stuff, although the occasional partnership deal will throw up a modern movie, such as The Hobbit trilogy. It has also started to produce and release films on Netflix at the same time as a cinematic release for example Crouching Tiger, Hidden Dragon: Sword of Destiny. Adam Sandler flick, The Ridiculous 6, was made by and especially for Netflix.

    InstantWatcher.com, a site plugged into the databases of both Netflix and Amazon Prime. On one hand, Amazon Prime offers more than 17,000 standard- and high-definition movies and TV series, significantly more than Netflix, which had more than 10,000. But Netflix pulled ahead overall by offering more than 7,500 HD videos vs. almost 3,500 for Amazon Prime.

    The one thing Netflix and Amazon both falter at is recent shows. There’s almost always a several month long delay between a season wrapping up and its arrival on streaming services. This is where Hulu Plus picks up the slack. Hulu Plus had 92 of the 250 shows surveyed. However, only 40 of them included backlogs of older seasons. 52 of the shows Hulu Plus carried were either the most recent season or a rotating set of the most recent few episodes of a show.

    It offers a one-week trial period in which if the viewers dislike the service, they must cancel it before the week is up otherwise will automatically be charged for a full month of service. It has original content which mostly comes from other countries and production companies, including the UK’s BBC. There are a few original web series that have made a dent, however, at the service, including The Awesomes, Deadbeat and Behind The Mask. However, Hulu Plus needs to buck up seeing the competition it has.

    Talking about compatibility, Netflix leads as you can watch it via your PC, Xbox 360, PS3, Nintendo Wii, Internet-ready TV, Roku, Android, Blu-ray player, Nook or other e-reader table, and iOS devices.

    Hulu Plus comes in at a close second, offering compatibility and support for many of the same devices that Netflix does. Unfortunately, Hulu currently lacks compatibility for many Internet-ready TVs and Blu-ray players. Still, it can show movies through gaming devices, Android, iOS devices, Roku, and various tablet computers.

    Amazon Prime doesn’t yet feature the extensive compatibility of the other two services, but it is slowly building its network. Presently, you can watch shows via internet-ready TV, Blu-ray player, Roku, Kindle Fire tablet, and iOS or Android phone. However, it cannot yet be streamed via any gaming devices.

    With this new entry, Amazon Prime is set to further intensify the competition and the intensity will only compel Amazon, Flipkart and others to improve services that can be offered to customers.

  • Face-off between Amazon Prime, Netflix & Hulu

    Face-off between Amazon Prime, Netflix & Hulu

    MUMBAI: Folks at Amazon India are popping champagne bottles. The e-commerce giant has launched its Prime service for a free 60 day trial after which the annual subscription will be available at a special introductory price of Rs 499. Though Prime in the US and UK, offers more than the free one or two day deliveries, early access to offers and same day deliveries, the company also promises to bring its streaming video and music services here soon. Prime Video will include Amazon original TV series and movies besides other Indian and global content, is expected to be launched as a part of this service later.

    The Prime membership subscription fee in India might later be increased to Rs 999., which is much lower as compared to its other market like $99 (Rs 6,633) for US and £96 (Rs 8,691) for UK. Benefit to the US subscribers being that they can also enjoy other features like access to over a million e-books via Kindle Owners’ Lending Library and free unlimited photo storage, in addition to music and video.

    Prime will be available to customers in 100 cities, and members in 20 cities can also choose same-day, morning or scheduled delivery at a discounted fee of Rs 50 per order on over 10,000 products. These deliveries typically cost Rs 150.

    Amazon is not launching their content service which includes Amazon Video and Amazon Music. Although the company said that the video streaming is coming soon. Amazon Prime Video includes shows such as Mr. Robot and The Man In The High Castle. Reports suggest that the company will be investing a huge sum of $300 million for the original Prime video content in India.

    The biggest prime competitor for Amazon still would be Flipkart who also has a similar service called Flipkart first. The membership fees of Flipkart first is 500 per year. Like Amazon Prime, it also offers free fast deliveries and discounted one-day deliveries. Although, Flipkart customers get a Priority Customer Service or early access to deals and offerings. But returns, replacements and exchange policy remains the same.

    But the streaming showdown does not stop here. In the past, we have seen global streaming services Netflix and Hulu Plus entering Indian markets. With subscription fee of Rs 650 per month, Netflix offers a wide selection of movies and TV shows, with several series being exclusive to the platform or even made and funded by Netflix like House of Cards, Orange is the New Black and Marvel original TV shows, like Daredevil and Jessica Jones. In terms of films, it is mainly back catalogue stuff, although the occasional partnership deal will throw up a modern movie, such as The Hobbit trilogy. It has also started to produce and release films on Netflix at the same time as a cinematic release for example Crouching Tiger, Hidden Dragon: Sword of Destiny. Adam Sandler flick, The Ridiculous 6, was made by and especially for Netflix.

    InstantWatcher.com, a site plugged into the databases of both Netflix and Amazon Prime. On one hand, Amazon Prime offers more than 17,000 standard- and high-definition movies and TV series, significantly more than Netflix, which had more than 10,000. But Netflix pulled ahead overall by offering more than 7,500 HD videos vs. almost 3,500 for Amazon Prime.

    The one thing Netflix and Amazon both falter at is recent shows. There’s almost always a several month long delay between a season wrapping up and its arrival on streaming services. This is where Hulu Plus picks up the slack. Hulu Plus had 92 of the 250 shows surveyed. However, only 40 of them included backlogs of older seasons. 52 of the shows Hulu Plus carried were either the most recent season or a rotating set of the most recent few episodes of a show.

    It offers a one-week trial period in which if the viewers dislike the service, they must cancel it before the week is up otherwise will automatically be charged for a full month of service. It has original content which mostly comes from other countries and production companies, including the UK’s BBC. There are a few original web series that have made a dent, however, at the service, including The Awesomes, Deadbeat and Behind The Mask. However, Hulu Plus needs to buck up seeing the competition it has.

    Talking about compatibility, Netflix leads as you can watch it via your PC, Xbox 360, PS3, Nintendo Wii, Internet-ready TV, Roku, Android, Blu-ray player, Nook or other e-reader table, and iOS devices.

    Hulu Plus comes in at a close second, offering compatibility and support for many of the same devices that Netflix does. Unfortunately, Hulu currently lacks compatibility for many Internet-ready TVs and Blu-ray players. Still, it can show movies through gaming devices, Android, iOS devices, Roku, and various tablet computers.

    Amazon Prime doesn’t yet feature the extensive compatibility of the other two services, but it is slowly building its network. Presently, you can watch shows via internet-ready TV, Blu-ray player, Roku, Kindle Fire tablet, and iOS or Android phone. However, it cannot yet be streamed via any gaming devices.

    With this new entry, Amazon Prime is set to further intensify the competition and the intensity will only compel Amazon, Flipkart and others to improve services that can be offered to customers.

  • Flipkart’s Myntra acquires Jabong for USD 70 million

    Flipkart’s Myntra acquires Jabong for USD 70 million

    MUMBAI: Flipkart’s Myntra has acquired Jabong in a cut-price deal at USD 70 million, thereafter claiming the number one spot in India’s fashion e-commerce marketplace in the face of an onslaught by Amazon India.

    Beating strong contenders like Snapdeal, Snapdeal, Future Group, Aditya Birla Group and Amazon which also bid to buy Jabong, Flipkart will pay cash for the acquisition, according to a statement by Jabong’s parent company Global Fashion Group (GFG).

    GFG has been looking for a buyer for Jabong for more than a year now. “Fashion and lifestyle is one of the biggest drivers of e-commerce growth in India. We have always believed in the fashion and lifestyle segment and Myntra’s strong performance has reinforced this faith,” said Flipkart co-founder Binny Bansal.

    “This acquisition is a continuation of the group’s journey to transform commerce in India. I am happy that we will now be able to offer to millions of customers a wide variety of styles, products and a broad assortment of global as well as Indian brands,” he added, as reported by media.

    The sale marks one of the most dramatic declines in India’s online retail business. At the end of 2013, Jabong was worth as much as €388 million (about $508 million). In that financial year (year ended March 2014) Jabong reported sales of Rs438 crore. Even though its sales increased to Rs 869 crore in the last financial year, Jabong’s value collapsed because of a combination of leadership issues, market share losses and a funding crunch.

    For Flipkart-Myntra, the acquisition of Jabong will boost sales at a time when Flipkart is struggling to revive growth, and struggling to protect its leadership in a market where Amazon has made rapid strides.

  • Flipkart’s Myntra acquires Jabong for USD 70 million

    Flipkart’s Myntra acquires Jabong for USD 70 million

    MUMBAI: Flipkart’s Myntra has acquired Jabong in a cut-price deal at USD 70 million, thereafter claiming the number one spot in India’s fashion e-commerce marketplace in the face of an onslaught by Amazon India.

    Beating strong contenders like Snapdeal, Snapdeal, Future Group, Aditya Birla Group and Amazon which also bid to buy Jabong, Flipkart will pay cash for the acquisition, according to a statement by Jabong’s parent company Global Fashion Group (GFG).

    GFG has been looking for a buyer for Jabong for more than a year now. “Fashion and lifestyle is one of the biggest drivers of e-commerce growth in India. We have always believed in the fashion and lifestyle segment and Myntra’s strong performance has reinforced this faith,” said Flipkart co-founder Binny Bansal.

    “This acquisition is a continuation of the group’s journey to transform commerce in India. I am happy that we will now be able to offer to millions of customers a wide variety of styles, products and a broad assortment of global as well as Indian brands,” he added, as reported by media.

    The sale marks one of the most dramatic declines in India’s online retail business. At the end of 2013, Jabong was worth as much as €388 million (about $508 million). In that financial year (year ended March 2014) Jabong reported sales of Rs438 crore. Even though its sales increased to Rs 869 crore in the last financial year, Jabong’s value collapsed because of a combination of leadership issues, market share losses and a funding crunch.

    For Flipkart-Myntra, the acquisition of Jabong will boost sales at a time when Flipkart is struggling to revive growth, and struggling to protect its leadership in a market where Amazon has made rapid strides.