The Chinese smartphone manufacturer Lenovo has overtaken home-grown handset maker Micromax to become the 2nd largest smartphone brand in India for the first time ever. India’s smartphone market grew by over 20% year on year in Q3 2016 as shipments broke the 30 million mark. While, Samsung continues to dominate its number 1 spot by maintaining its overall growth in the market with its share being a little over 20%.
India’s leading Online travel firm MakeMyTrip has announced merger with the rival Ibibo group in an all-stock deal. The deal will create the biggest player in the fast-growing flight, hotel and bus bookings market in the country. The value of the combined entity is estimated around $ 1.8 billion.
The combination will bring together a bouquet of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, [...]
After the entry of Reliance Jio, Mukesh Ambani’s brother Anil Ambani’s Reliance Communications has decided to merge its mobile phone services business with the telecom operator Aircel. This merging deal has produced the fourth largest telecom company by assests in India with a net worth of Rs 35000 crore ($ 5.2 billion) and asset base of over Rs. 65000 crore ($ 9.7 billion). This is the biggest merger Indian Telecom has ever witnessed.
RCom and Maxis Communications [...]
Google, the search giant has now acquired Digisfera, a Portugal based panorama startup for upgrading the Street View further. The acquired company is specialized in 360 degree photography and panoramic photos. Through their official blog post, Digisfera confirmed the acquisition and stated that the employees will be joining the team of Google’s Street View.
Because of the acquisition, the company has ceased their service [...]