#MarketWire is your daily roundup of notable business movements in the technology industry. This segment features news from DTDC, Freecharge, SEBI, Snapdeal, Uber, Sabsebolo, Google, Amazon and Microsoft
DTDC Launches Last Mile Logistics Service for Startups
Logistics firm DTDC has launched last mile logistics services for startups, SMEs and other Internet firms. It has set up ‘e-fulfillment’ centers which are currently operational in 7 locations across Delhi, Noida, Bangalore, Chennai, and Hyderabad.
The company will offer services like order management, pick up, packing and shipment at low operational costs. The opening of new fulfilment centers and the service, will allow DTDC to cater to companies which have upto 500,000 outgoing orders per day and 750,000 incoming SKUs. Read More
Freecharge Rolls Out Escrow Service for Merchants
Snapdeal owned Freecharge has launched an escrow service for merchants. Any payment made by the customer would be temporarily with held from the merchant until the service/product is delivered to the buyer.
The service is available on the Freecharge wallet, and C2C eCommerce platform Shopo (which is also owned by Snapdeal. Read More
SEBI May Allow Purchase of Mutual Funds via eWallets
Securities and Exchange Board of India (SEBI) is in talks with RBI to allow purchase of mutual funds using digital wallets. At present RBI allows transactions upto Rs.10,000 through wallets without customers going through a KYC process. Transactions upto Rs.1 lakh are allowed but after KYC process by the wallet provider.
If these new norms come into place, it will make online investments in mutual fund schemes convenient through wallets for investors. Read More
Snapdeal to Allow Uber Cab Booking on its App
Snapdeal has partnered with Uber to allow cab booking via its own app. With an aim to provide more use cases to its app users, the company has made similar partnerships with other firms like Zomato, Cleartrip etc. Read More
Sabsebolo Temporarily Halts its Service
Citing regulatory issues, India based audio conferencing platform Sabsebolo has temporarily suspended its services. The company’s website shows a message sharing the same. Read More
2M People Using Free WiFi at Railway Stations in India says Sundar Pichai
Google’s CEO Sundar Pichai shared that 2 million people are using free WiFi at Indian railway stations set up by Google and RailTel. The two had partnered to provide free WiFi at 23 stations in the country. The plan is to roll it out to 100 stations by the end of 2016. Read More
Amazon Launches 24 Hour Delivery for Groceries in India with Amazon Pantry
Amazon India has launched a new initiative Amazon Pantry, that allows users to avail next day delivery for groceries and household essentials. The service is currently operational in Hyderabad, and the company plans to scale it up nationwide.
The eCommerce platform will allow customers to buy upto 15kg worth of products in one go, available at a competitive price. Read More
Microsoft Announces Windows 10 Editions for Education Customers
Microsoft has announced two new editions of Windows specially for Education institutes – Windows 10 Education and Pro Education. Both are built upon the Windows 10 Enterprise & commercial Windows 10 Pro versions respectively.
Windows 10 Pro Education provides management controls and education-specific default settings. Windows 10 Education is a superior variant that offers additional features such as Device Guard, Credential Guard, and the new Windows Defender Advanced Threat Protection service. Read More
Amazon Launches a Dedicated Store for Kickstarter Products
Amazon.com has announced the launch of a Kickstarter Collection, to give successful Kickstarter products a launchpad to sell to a wider audience base. The platform is debuting with over 300 Kickstarter products across categories, like electronics, books, home & kitchen, movies & tv etc. Read More
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