Skip to main content

Posts

Flipkart deal to create 10 million jobs in India

Flipkart deal to create 10 million jobs in India, says Walmart CEO Doug McMillon Walmart CEO Doug McMillon has said that the Flipkart-Walmart deal will create around 10 million jobs in India. This includes both direct and indirect jobs. The US-based retail behemoth Walmart on Wednesday announced that it will buy a 77 percent stake in Indian e-commerce major Flipkart for $16 billion. Flipkart Group CEO Binny Bansal said that there is a lot that Walmart can take from Flipkart including its payments play. Bansal added that listing Flipkart is on management team's plan and investors like Tiger Global, Accel and Tencent are excited about the IPO. "IPO is a great way to unlock the value." While the deal will allow both retailers to benefit from each other's expertise, it also promises to help the Indian economy in terms of job creation, increasing farmers' income and promoting national initiatives including 'Make in India', as per a joint statement by
Recent posts

Invest In These Post Office Saving Schemes To Save Income Tax

March 31 - the last day of financial year - is only a few days away. So if you want to save on income tax outgo during FY18 (April 1 ,2017-March 31, 2018), you may consider investing in nine small savings schemes offered by post offices. The Department of Posts or India Post offers nine small savings investment schemes: Post Office Savings Account, 5-Year Post Office Recurring Deposit Account (RD), Post Office Time Deposit Account (TD), Post Office Monthly. Post Office Savings Account This account can be opened by cash only. The minimum balance to be maintained in a non-cheque facility account is Rs 50. The interest earned on post office savings accounts is tax-free up to Rs 10,000 per year from financial year 2012-13. The interest payable is 4 per annum on individual / joint accounts, according to indiapost.gov.in, the official website of India Post. 5-Year Post Office Recurring Deposit Account (RD) This account can be opened by cash/cheque and in case of Cheque the da

Stephen Hawking, World's Most Famous Theoretical Physicist, Passes Away

Stephen Hawking, world’s most famous scientist, passed away on Wednesday. The 76-year-old theoretical physicist is best known for his work on black holes. His book ‘A Brief History of Time’ was a bestseller which brought science to the living rooms of the common man. Hawking’s family released a statement confirming his death in his house in Cambridge. He was suffering from motor neuron, a degenerative disease, for decades. He did his best work while wheelchair-bound. He had also lost his speech early in his career and used to communicate using a device. Hawking is survived by his three children– Lucy, Robert and Tim. “We are deeply saddened that our beloved father passed away today. He was a great scientist and an extraordinary man whose work and legacy will live on for many years. His courage and persistence coupled with his brilliance and humour inspired people across the world. He once said, ‘It would not be much of a universe if it wasn’t home to the people you love.’ W

Women's Day 2018: How firms support employees through parenthood journey?

Companies now deciding to support employees throughout the parenthood journey - in turn, ensures that fellow women have a better experience at the workplace. March 8 is International Women’s Day, a date designated by the UN to celebrate and advocate for women’s rights and gender equality. In the year of #MeToo and Time’s Up, it is clear that the original aim of this day has still not been realised. Women are struggling to close the equality gap, more significantly, in the corporate world. Motherhood is a period when many women decide to stop working. New mothers sometimes find it difficult to adjust to their dual roles.Many companies have now decided to support employees throughout the parenthood journey - this, in turn, ensures that fellow women have a better experience at the workplace. Woes of working women Often working mothers suffer from the guilt and social stigma of being too selfish since they cannot be with their children throughout the day. In India, the for

What is Cloud Computing?

What is Cloud Computing? The term cloud computing was born between 2007. But nowadays, everyone is talking about “Cloud Computing – The Cloud.” Now the question comes “what is cloud computing”? Let’s see below few definitions of Cloud computing: Cloud computing, often referred to as simply “the cloud,” is the delivery of on-demand computing resources — everything from applications to data centers — over the internet on a pay-for-use basis. Cloud computing consists of hardware and software resources made available on the Internet as managed third-party services. Cloud computing is a type of computing that relies on shared computing resources rather than having local servers or personal devices to handle applications. ERP Development Company in  Noida Cloud computing is a kind of outsourcing of computer programs. Using cloud computing, users are able to access software and applications from wherever they need, while it is being hosted by an outside party — in “the cloud.”