Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi who worked for Amazon.com. Core to its success in India, Flipkart offers multiple payment methods: credit card, debit card, net banking, e-gift voucher, Cash on Delivery and Card on Delivery....
Yahoo Opens "Big Data" Research Lab at IIT Madras
Yahoo! India's R&D unit has set up a grid computing lab at the Indian Institute of Technology, Madras in Chennai, India to facilitate research on “big data” and cloud computing. This cluster of high-end servers at the lab will allow researchers to access web-scale data and conduct research on big...
Carl Zeiss expands R&D and Manufacturing in India
The 4.2-billion euro German manufacturing company Carl Zeiss has establishedh a research and development unit and two manufacturing facilities in Bangalore. According to Michael Kaschke, CEO of Carl Zeiss AG, "The investment into developing the infrastructure at our campus is $6 million" He added that the company's total investment in...
8 Indian Cities listed among Economist Intelligence Unit's Top 120
According to the Economist Intelligence Unit list of top 120 HotSpot global cities, 12 American cities make the cut, led by New York City. The first Indian city that figures on the list is Delhi at #68, edging out Mumbai at #70 and Bangalore at #79. Other Indian cities on...
Wal-mart India R&D center to grow to 200 by year-end
Wal-mart, the world’s largest retailer, said that it would have 200 research and development engineers at the @WalmartLabs Center in Bangalore. In November last year, the company had announced plans to set up an R&D center in Bangalore, responsible for creating the next generation products and platforms for Walmart’s e-Commerce...
Philips Healthcare India R&D to develop more products for India market
Dutch giant Philips has 2,500 engineers working in India and well over 80% of their effort has targeted western markets.About 1,300 of these engineers work in the healthcare segment. There is a new push to develop products in India for India by this company The R&D center in Bangalore helps...