After food orders, Zomato waives fees from restaurants for reservations too

Online restaurant guide and food ordering firm Zomato on Tuesday said the company has decided to waive fees from the restaurants accepting table reservations through it.

The company had last month decided to forgo commissions charged from around 70 per cent of restaurants on food orders placed through Zomato.
“Retrospectively from June 1, 2017 onward, our restaurant partners will not need to pay a ‘per cover’ fee or even a platform fee to accept seamless digital table reservations from Zomato. Yes, the service will be completely free,” Zomato Founder and read more

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Cashback, buyback, more: Know Reliance Jio offers on Apple iPhone 8 series

The iPhone 8 and iPhone 8 Plus are the first Apple products to be launched in India with an introductory offer from most e-commerce portals.
The two smartphones are also the first Apple devices that can be availed of on a 12-month contract from Reliance Jio.
In India, the iPhone 8 base model with 64 GB storage is priced at Rs 64,000 and the higher storage model with 256 GB internal storage is priced at Rs 77,000.
On the other hand, the iPhone 8 Plus base model with 64 GB and 256 storage are priced at Rs 73,000 and read more

With Gujarat taking lead, states vie to attract electric vehicle makers

With the Centre making its intent on electric vehicles clear, state governments are swinging into action to lure the new investments that automakers will pump into manufacturing them.
Three weeks ago, Karnataka became the first state to roll out an electric vehicle policy to encourage manufacturing, while Telangana, another state with an automobile manufacturing base, is learnt to be working on its policy.
Gujarat, a prominent state for auto manufacturing, has already attracted investments worth over Rs 5,000 crore, making it the envy of other states. This includes a Rs 4,000 crore investment commitment from the JSW Group for electric cars and a Rs 1,151 crore plan by read more

Angry Birds maker Rovio IPO valued at $1 biilion

“Angry Birds” maker Rovio Entertainment’s shares got off to a flying start on the Finnish firm’s stock market debut.

Rovio shares were trading at 12.11 euros by 0814 GMT on Friday, up 5.3% from the final price of 11.50 euros in initial public offering (IPO) in Helsinki.

“There seems to be initial demand for it. But given that the IPO was multiple times oversubscribed, the reaction is not too dramatic,” analyst Atte Riikola at research firm Inderes said.

Rovio’s market valuation of 950 million euros ($1.12 billion), looked high based on Rovio’s historical profit read more

Apple files application to patent ‘Find My Friends’ locator system in India

Consumer electronics major Apple Inc has applied for patent exclusivity for its friend finder application in India. The company claims that while using a GPS device to locate a friend would consume a lot of power, its invention has an advantage over the existing models.
Apple, which has a friend finder application called ‘Find My Friends’, has recently applied to the Indian patent office for its invention titled “Identifying and locating users on a mobile network”.
The company claims that the innovation has a wide range of uses, such as locating friends and family members through their respective mobile devices, allowing parents to keep a tab on children and read more

Electric cars in India: Talks of Tesla factory inconclusive, say officials

At the same time as American electric powered automobile manufacturer Tesla may additionally have evinced hobby in coming into the Indian marketplace to promote its vehicles, it is but to approach the government with a fresh offer on constructing a manufacturing facility within the united states.

however, automobiles bought in India via the singlelogo retail trading route will ought to follow 30 according to cent local sourcing, in line with the existing norms, a senior authorities reputable advised business fashionable.

Tesla has reportedly contacted the authorities all over again to confirm its intentions on entering the Indian automobile market via the singleemblem retail buying and selling direction, as stated by means of The instances of India on Thursday.
however, a senior authorities respectable confirmed that the talks remained inconclusive. Discussions on putting in place a read more

Mastercard’s global index ranks India high on digital payments’ front

In what could give a bit of boost to the Modi government’s digital drive, India has been categorised as a country with a high potential in terms of digital payments in a global index of 60 countries.

The country has been clubbed under the ‘Break Out’ segment, according to the Digital Evolution Index 2017 that was unveiled on Thursday by The Fletcher School at Tufts University in the United States (US) in partnership with Mastercard.

The ‘Break Out’ segment refers to countries that have relatively lower absolute levels of digital advancement, yet remain poised for growth and are attractive to investors by virtue of their potential.

The Digital Evolution Index tracks the progress countries have made in developing their digital economies and integrating connectivity into the lives of READ MORE