NEW DELHI: As much as $2.1 billion worth of M&A (merger and acquisition) transactions were inked in 2017 in the booming Indian e-commerce industry, which may soon witness its largest-ever deal -- the proposed Flipkart-Walmart nuptial. According to data from Grant Thornton, 21 deals worth $2,112 million were seen in 2017 with participation from players like Paytm and Flipkart. This, however, was lower compared to 2016 which saw deals worth $2,224 million (18 transactions) being inked, as per the global audit and advisory firm. In the January-April 2018 period, six transactions worth $226 million were seen, according to the data. If the Walmart-Flipkart deal indeed goes through, it would be the largest so far in the Indian e-tailing market that is forecast to grow to $200 billion by 2026 (Morgan Stanley estimate). "The Indian e-commerce market is here to stay and grow. The frequency of purchases will increase," Vidhya Shankar, Executive Director, Grant Thornton India told PTI. … [Read more...] about Mergers and acquisitions worth $2.1 billion signed in India’s e-commerce market in 2017: Report
Reporters 10 july 2017
Smartphon maker Huawei has announced Honor Gala Festival to celebrate its fifth anniversary. The sale started on April 8 and will continue till April 12. As part of the five-day long sale, buyers can avail offers on Honor smartphones, smart wearables like smart bands and other Honor products. They will get discounts of up to 50% on Flipkart and up to Rs 8,000 on Amazon. Here are some of the smartphones that can be purchased during the sale. Honor Play: Available at Rs 13,999 Honor Play with 4GB RAM and 64GB storage is selling at discounted price of Rs 13,999 on Amazon. The smartphone is powered by Kirin 970 AI processor with GPU Turbo 2.0. It is originally priced at Rs 21,999. Honor View 20: Available at Rs 37,999 Honor View 20 is available at Rs 37,999 on Amazon. It is retailing with Rs 5,000 discount on original price of 42,999. Buyers can avail extra Rs 3,000 discount on its purchase on all credit and debit cards. No-cost EMI starts at Rs 4,222 per month. Honor 8X: … [Read more...] about Honor Gala Festival: Honor 9N, Honor 10 Lite, Honor View 20 and other devices available on discount
The FCC's claim that it suffered a DDoS attack last year is not only bogus, but a commission attempt to explain away the incident may have also constituted a federal crime. The detail comes from the FCC's own inspector general's office, which was tasked to investigate last year's purported DDoS attack against the commission's website. The 106-page report, released on Tuesday, concludes that the FCC rushed to blame the outage on a cyber attack without fully investigating the true cause. According to the inspector general's office, evidence shows that a flood of viewers from John Oliver's HBO program Last Week Tonight, coupled with "system design issues," likely crippled the FCC's website, not a DDoS attack. Nevertheless, the FCC initially defended the DDoS attack claim and supplied "misleading information" to Congressional lawmakers about the incident. In June 2017, FCC Chairman Ajit Pai sent a letter to US Senators Ron Wyden and Brian Schatz that contained an attachment compiled by the … [Read more...] about FCC Fed False Info to Lawmakers About DDoS Attack, Report Says
Looks like Amazon may have quietly made another acquisition, and another move to expand its role in the world of mobile: Italian newspapers are reporting that the e-commerce giant has acquired Gopago, a startup that offers consumers an iOS or Android mobile app to pre-pay for goods before picking them up at a store, and retailers a point-of-sale system to process those orders and more. Gopago, founded in 2009, is based in Silicon Valley but was started by Italian co-founders: CTO Vincenzo di Nicola hailed from Teramo in Abruzzo before eventually studying at Stanford. The other co-founder, CEO Leo Rocco, was raised in the U.S. by Sicilian parents. It’s unclear how much money Gopago had raised but its lead investor was JP Morgan Chase, which took a stake in the company last year. We have reached out to Gopago, its co-founders, and Amazon to try to get a direct confirmation of the deal and will update as we learn more, but for now it looks like Di Nicola has spoken to Italian … [Read more...] about Amazon Reportedly Buys Mobile Payments Startup Gopago, Working On An ‘Ambitious’ New Project
This Fourth of July, as you gather with family to celebrate U.S. independence, let your older brother light the grill. If you're the youngest, you just might be so dumb that you set yourself on fire.According to a new study from Norway, published in the journals Science and Intelligence, oldest siblings have the highest IQ. The eldest sons had, on average, an IQ that was 2.8 points higher than the next oldest son and more than 4 points higher than the third son.The study could very well be pertinent to your life if you were socialized in Norway (population 4.6 million) or believe that intelligence can be measured so accurately.Nurture trumps nature, againThe news that hit the wires last week, captured in many headlines, was that older siblings are smarter. President Bush is the oldest among his siblings, which either bolsters or destroys this theory, depending on your opinion. But this is the wrong message. The study wasn't about who's smarter but rather how one develops this concept … [Read more...] about Does Higher IQ Make You Smarter?