Connect with us

Technology

Walmart Buys Flipkart For $16 Billion

Published

on

Walmart Buys 77% Stake In Flipkart For $16 Billion

US retailer Walmart Inc on Wednesday acquired a 77 % stake in Flipkart for about $16 billion in its biggest acquisition till date. The deal values the 11-year old Indian e-commerce firm at $20.8 billion. Bentonville, Arkansas-based Walmart will acquire about 77 per cent stake in Flipkart, Walmart said in a statement. Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company after the deal. Japan’s SoftBank, an investor, will also exit the company by selling its entire 20 per cent stake in Flipkart. Sachin and Binny, who are not related and formerly worked for Amazon.com Inc, like their US rival began by selling books when they founded Flipkart.

India’s first billion-dollar e-commerce company, Flipkart, sells 8 million products across 80-plus categories. It has 100 million registered users.

SoftBank Group chief executive Masayoshi Son had earlier said that its investment in the Indian online marketplace had almost doubled. Other major investors in Flipkart include Tiger Global, Naspers and Accel while the Bansals own just over 5 per cent each of the company, according to data from business intelligence platform paper.vc.

flipkart walmart deal
(Flipkart is tipped to grow to $200 billion in a decade, according to Morgan Stanley.)

Last year, Kalyan Krishnamurthy, previously an executive in Flipkart investor Tiger Global, took over as Flipkart CEO. Binny Bansal became CEO of the whole group, which includes fashion portals Myntra-Jabong, payments unit PhonePe and logistics firm Ekart.

India’s e-commerce market is tipped to grow to $200 billion in a decade, according to global financial services company Morgan Stanley, as cheap mobile data makes online shopping increasingly accessible. Flipkart, which is competing with Amazon.com Inc for market share in India’s e-commerce market, gained online fashion market dominance with the 2014 acquisition of Myntra, which subsequently bought rival Jabong.

Meanwhile, Amazon – Flipkart’s biggest rival in India – has committed to invest over $5 billion in India.

For Walmart, the Flipkart deal will offer a big advantage in terms of presence in the Indian e-commerce market. Acquiring a stake in Flipkart will help Walmart tap into the India’s retail market without building stores. India is the next big potential prize for global retailers after the US and China, where foreign retailers have made little progress against Alibaba Group Holding. “Flipkart is key to a global e-commerce strategy,” said Arvind Singhal, chairman of the New Delhi-based retail consultancy Technopak Advisors. “Walmart clearly doesn’t want to be left behind in the race as India is a critical piece.”

Flipkart will also benefit from deep pockets of Walmart as well as the US retail giant’s decades of retailing expertise in skills from logistics to marketing.

Walmart had entered India in 2009 through a joint venture with Bharti Enterprises and later took full control of that venture in 2013. It currently operates about 20 wholesale stores in the country that serve small businesses.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Virus

    May 9, 2018 at 7:30 pm

    Great efforts done

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

The Russian military admits the satellite was “destroyed” during the test, confirming US allegations

Published

on

Moscow

Russia’s Defense Ministry on Tuesday admitted that it had destroyed a satellite during an arrow test, confirming allegations made by the United States earlier.


“The Russian Ministry of Defense has carried out a successful inspection. Which resulted in the collapse of the Russian spacecraft ‘Tselina-D’. Which had been circling since 1982, was destroyed,” the military said in a statement.

U.S. officials on Monday criticized Russia for testing “dangerous and careless” missiles that exploded on its satellite. Hence creating a cloud of debris threatening the International Space Station.

NASA said crew members aboard the ISS – currently four Americans, Germans and two Russians – were awakened and forced to take refuge on their return ships.

U.S. officials say they were not notified in advance of a satellite missile test. Which is the fourth such strike from space – that produced more than 1,500 pieces of traceable debris.

The Russian military said it was planning to strengthen its defensive capabilities but denied that the tests were dangerous.

“The United States is well aware that the resulting fragments, in terms of testing time and orbital boundaries. They have also not posed a threat to orbital stations, spacecraft and space missions,” he said.

The confirmation of the US claims came after Russian Foreign Minister Sergei Lavrov dismissed them.

“To declare that the Russian Federation poses a threat to the peaceful use of the land, at least, is hypocritical,” Lavrov told a news conference in Moscow, adding “there are no facts” about the allegations.

Continue Reading

Technology

XIAOMI REDMI 7 PRO SPECIFICATIONS

Published

on

Redmi 7 image

Power of Xiaomi

Display and Configuration
The Xiaomi Redmi 7 Pro flaunts with a 5.84-inch IPS LCD display with the resolution of 1,080 x 2,280 pixels. The high pixel density of 432PPI can give users an eye-soothing experience.
Under the hood, it packs an octa-core processor having a clock speed of 2.2GHz and is based on the Qualcomm Snapdragon 660 MSM8956 chipset. The 3GB RAM helps the users to easily switch between tasks and for the graphics, there is an Adreno 512 GPU.
Storage and Camera
The Xiaomi Redmi 7 Pro comes with an inbuilt memory of 32GB which is large for keeping files and data of the users. It also has an expandable memory option which can be used up to 256GB via a microSD card.
In terms of optics, the device sports a dual set of primary cameras of 12MP + 5MP with autofocus and LED flash, which helps to capture bright and detailed pictures. The secondary camera is of 8MP that can capture clear and bright selfies.
Battery and Connectivity
The device draws the charge from a 3,000mAh Li-ion battery which can give an ample amount of back up to continue the phone operation. The phone has multiple connectivity options including 4G-VoLTE, Wi-Fi, Mobile Hotspot, GPS, Glonass, micro USB 2.0 and many more.

XIAOMI REDMI 7 PRO SPECIFICATIONS

General

Launch DateJanuary 31, 2019 (Unofficial)
BrandXiaomi
ModelRedmi 7 Pro
Operating SystemAndroid v9.0 (Pie)
Custom UI
MIUI
SIM Slot(s)
Dual SIM, GSM+GSM
SIM SizeSIM1: Nano
SIM2: Nano
Network4G: Available (supports Indian bands)
3G: Available, 2G: Available
Fingerprint Sensor
yes

Design

Height147.7 mm Compare Size 
Width71.8 mm
Thickness7.8 mm
Weight150 grams
ColorsBlack

Display

Screen Size
5.84 inches (14.83 cm)
Screen Resolution
1080 x 2280 pixels
Bezel-less displayyes
Pixel Density
432 ppi
Display Type
IPS LCD
Touch Screenyes Capacitive Touchscreen, Multi-touch
Screen to Body Ratio (calculated)
79.87 %

Performance

ChipsetQualcomm Snapdragon 660 MSM8956
Processor
Octa-core (2.2 GHz, Quad core, Kryo 260 + 1.84 GHz, Quad core, Kryo 260)
Architecture
64 bit
Graphics
Adreno 512
RAM
3 GB

Storage

Internal Memory
32 GB
Expandable Memory
yes Up to 256 GB

Camera

MAIN CAMERA

Resolution12 MP + 5 MP Dual Primary Cameras
Autofocusyes
Flashyes LED Flash
Image Resolution4000 x 3000 Pixels
Shooting ModesContinuous Shooting, High Dynamic Range mode (HDR)
Camera FeaturesDigital Zoom, Auto Flash, Face detection, Touch to focus

FRONT CAMERA

Resolution8 MP Front Camera

Battery

Capacity
3000 mAh
TypeLi-ion
User Replaceable
no No

Network & Connectivity

SIM SizeSIM1: Nano, SIM2: Nano
Network Support
4G (supports Indian bands), 3G, 2G
VoLTE
yes
SIM 1
4G Bands:
TD-LTE 2300(band 40) 
FD-LTE 1800(band 3)
3G Bands:
UMTS 1900 / 2100 / 850 / 900 MHz
2G Bands:
GSM 1800 / 1900 / 850 / 900 MHz
GPRS:
Available
EDGE:
Available
SIM 2
4G Bands:
TD-LTE 2300(band 40) 
FD-LTE 1800(band 3)
3G Bands:
UMTS 1900 / 2100 / 850 / 900 MHz
2G Bands:
GSM 1800 / 1900 / 850 / 900 MHz
GPRS:
Available
EDGE:
Available
Wi-Fiyes Wi-Fi 802.11, b/g/n
Wi-Fi Features
Mobile Hotspot
Bluetooth
yes v4.2
GPS
yes with A-GPS, Glonass
USB Connectivity
A mass storage device, USB charging, microUSB 2.0

Multimedia

Loudspeakeryes
Audio Jack3.5 mm

Special Features

Fingerprint Sensor
yes
Fingerprint Sensor PositionRear
Other SensorsLight sensor, Proximity sensor, Accelerometer

Continue Reading

Technology

Upcoming 5G mobile phones in India: Here are all 5G-ready smartphones expected to launch in 2019

Published

on

5G Mobile img

5G Mobile image

5G mobile or the fifth generation of network technology has been in testing for the past few years. It looks like 2019 will finally see smartphone manufacturers launch devices that can hook up to ultra-fast 5G networks. 5G is expected to bring lower latency to networks which means online gaming, for one, will become much more faster. Streaming will become a breeze and connectivity, in general, will improve dramatically.  5G phones are expected to support super speeds of up to 10 Gbps and the network is touted to be 100 times faster than 4G. So naturally, 5G smartphones are all the rage right now and a race of sorts has emerged in the smartphone industry as to who will launch the first 5G-ready device in the market. Throughout 2018, we’ve been hearing from smartphone OEMs about their plans to launch 5G devices. Here, we compile that list of upcoming 5G smartphones, ones that you can also expect to land in India. Take a look.

OnePlus

OnePlus announced its plans to launch a 5G-ready smartphone in 2019. The reiterated the same multiple times throughout this year. The industry was expecting the OnePlus 7 to become the first 5G-ready smartphone. The OEM but looks like the company has special plans for the said smartphone. A spokesperson from the company recently said that 5G will mark the beginning of a new line-up of smartphones from OnePlus. It is expected that OnePlus will launch its 5G phone sometime in the first half of 2019, which could mean that the company will showcase the phone or a prototype at the Mobile World Congress (MWC) in Barcelona, Spain. One major shift we expect from OnePlus’ stable is that of pricing.

Huawei

Huawei is one of the biggest proponents of 5G technology. The company has been perhaps the biggest names when it comes to the development of 5G network equipment and chips, with hundreds of engineers dedicated to the efforts. Huawei is working on commercializing its first 5G smartphone and word has it that the company plans on making it available to the public in the first half of 2019. Speculation circulating the internet suggest the smartphone could be the Huawei Mate 30. A 5G mobile hotspot device is expected to launch in Q2 of 2019. Huawei has also conducted 5G trials in India, in partnership with Airtel. Huawei and Bharti Airtel successfully conducted 5G network trials under a test set-up in India. The 5G trial was conducted at Airtel’s Network Experience Centre in Manesar (Gurugram). During the test trial, a user throughput of more than 3Gbps was achieved.

Nokia

In February, Qualcomm announced that it has partnered with 18 OEMs, including HMD Global, the home of Nokia phones, to launch the 5G-ready smartphone in 2019. The 5G smartphone from Nokia will be running on the Qualcomm’s X50 5G modem. We don’t know much about which Nokia phone will get 5G support first, but we do know that Nokia is testing the technology internally.

Vivo

Vivo also recently fitted the Qualcomm X50 modem in the Nex S smartphone. According to Vivo. the test completed the first phase of the protocol. The company now needs to develop an actual 5G phone and it says its goal is to launch the first batch of commercial 5G devices by 2019. According to the company, China Mobile and Qualcomm have been key partners in the 5G rollout so China could be the first country to get 5G smartphones. But given the China trickle-down effect, we expect the 5G smartphone to come to India as well. The question is, will India be ready to deploy 5G networks by 2019?

Oppo

Vivo’s sister company Oppo also completed 5G tests using the Qualcomm X50 modem on a modified unit of the Oppo R15 smartphone. Oppo also reportedly plans a 5G smartphone release by 2019.

HTC

HTC is not done with the smartphone business just yet. Even though the company has considerably reduced staff, according to its Senior RF designer Kevin Duo. HTC is also sampling the Qualcomm Snapdragon 855 and the Snapdragon X50 5G-ready modem. This means that the company could be looking to launch a 5G smartphone as well next year.

Lenovo and Moto

 The executive has claimed on the Chinese micro-blogging website. Weibo that the world’s first 5G phone will be from the house of Lenovo and it will be powered by Qualcomm Snapdragon 855 chipset. In fact, Moto’s 5G Moto Mod with the built-in Snapdragon X50 5G modem has already been successfully tested. However, we highly doubt that the two companies will be first to bring the tech to market.

Samsung Galaxy S10

One of the hottest and most talked about smartphone right now. It is the upcoming Samsung Galaxy S10 and there is talk that the device will get a special 5G variant in 2019.

Continue Reading

Trending

    Copyright © 2022 Werbinfoera.com
    Contact