PwC India has announced an investment of Rs 100Cr towards the development of digital solutions and is expected to hire 1000 digital technology experts over the next three years, in order to strengthen their capabilities to deliver tech solutions that will help clients address real-world business challenges.
This will be in addition to ongoing investments towards innovation, Digital R&D and talent for building new tech-enabled solutions.
Accenture has acquired US-based Intrigo Systems, which offers SAP-based supply chain solutions, for an undisclosed amount.
Accenture said it acquired US-based Intrigo Systems, which offers SAP-based supply chain solutions, for an undisclosed amount.
Intrigo was founded in 2009 and its clients include Albemarle, NVIDIA, Microsoft, Dolby, Nike, Clorox and others.
Amazon pumps an additional Rs 220 Cr into Amazon Pay
Amazon Pay, the payments arm of the e-commerce major Amazon has received fresh funds of Rs 220 crore from the parent company. The fresh funding comes only after a month when it raised Rs 590 crore from the parent entity just before starting the flagship festival sale. Besides, it received Rs 230 crore in July and Rs 195 crore in March this year.
In its regulatory filing, Amazon India had mentioned increasing its investment in its payments arm by at least five times. It has also increased its authorised capital for Amazon Pay to Rs 2,000 crore from Rs 400 crore.
Travel meta search company Ixigo has projected gross transactions of $250 million (about Rs 182 crore) by the end of the current financial year.
Travel meta search company Ixigo has projected gross transactions of $250 million (about Rs 182 crore) by the end of the current financial year, with the Fosun International, MakeMyTrip and Sequoia Capital-backed venture betting on its dual app strategy to drive growth.
The projections come even as the country’s two largest online travel operators, Nasdaq-listed MakeMyTrip and Yatra, which cumulatively control over 80% of the online travel market in India, recorded strong numbers for the three months ended September 30.
Zomato suspends its first paid subscription service ‘Zomato Treats’.
Zomato has put a brake on its first ever paid subscription service Zomato Treats after running it for over 18 months. Priced at 249 a year, Zomato Treats used to offer free dessert on every online order. While the company will keep delighting existing subscriber but it’s suspended subscription service for new users.
The suspension of subscription comes at a time when Zomato’s rival Swiggy integrated Delight that promises free dessert from select restaurants to Swiggy Super subscribers.
Honda Motor is planning to roll out its electric vehicle (EV) in the Indian market by 2023-2024.
Japanese automaker Honda Motor is planning to roll out its electric vehicle (EV) in the Indian market by 2023-2024, adding that the company will no longer wait for the government to layout a policy roadmap for introducing EVs and charging stations in the country.
According to reports, this is a part of its plans to roll out its EV globally, starting with a 2019 launch in China.