Welcome to another edition of #BigDaily, the business-smart newsletter which brings to you, everything you need to know in order to become information-smart. The newsletter saves you more than an hour of news consumption by bringing in curated information and updates from the wild web.
Ankush Gera, Junglee Games founder and CEO shares deep insights on product and revenue growth of the company:
We reward regular users with loyalty points that can be used for playing cash games and redeemed for bonuses. We run big tournaments on a daily basis to ensure that a user can derive some value from Junglee Rummy every time they log in.
We also take special care by talking to the user in their preferred language – in fact, our team can speak in all major Indian languages. Besides, the time taken by Junglee to process users’ withdrawal requests is the shortest in the industry.
All of these factors keep our customers happy and lead to great customer retention.
Originally the operators had a ring time of 45 seconds but Airtel had earlier accused Jio of arbitrarily slashing the ring duration. Sources said Vodafone Idea too has cut call ring duration to 25 seconds for select circles.
From 45 to 25 seconds:
Airtel accused Reliance Jio of "gaming" the system of paying for calls to rival network, and Jio returned fire arguing that incumbents are charging high voice tariffs and manipulating the system to the detriment of their users
India has held off imposing a blanket ban on single-use plastics to combat pollution.
Why? Recession ! There is already an economic slowdown and job losses - plastic ban will add to the woes of SMEs.
So what's the next big thing?
For now, the Centre will ask states to enforce existing rules against storing, manufacturing and using some single-use plastic products such as polythene bags and styrofoam, Chandra Kishore Mishra, the top bureaucrat at the Ministry of Environment, told Reuters.
Samsung ends mobile phone production in China due to intensifying competition from domestic rivals.Sony also said it was closing its Beijing smartphone plant and would only make smartphones in Thailand.
Samsung's share of the Chinese market shrank to 1% in the first quarter from around 15% in mid-2013, as it lost out to fast-growing homegrown brands such as Huawei Technologies and Xiaomi Corp.
"In China, people buy low-priced smartphones from domestic brands and high-end phones from Apple or Huawei. Samsung has little hope there to revive its share,"
Amazon has sought Competition Commission of India (CCI) approval for its proposed Rs 1,500 crore deal to acquire 49% of Future Coupons Ltd (FCL), a Future Retail promoter group company, even though it doesn’t have to, said two executives with knowledge of the matter.
Amazon wants to make sure that the transaction is in line with the tightened norms for foreign direct investment (FDI) in ecommerce.
When this happens, the entire retail industry will be up for a disruption.
“It has been observed that despite having very good credentials, large numbers of faculty do not put in enough effort on research and teaching. Over a period of time, this number has gone up to an extent (of) more than half.
If 50% of existing teachers at IITs, which face a faculty shortage of 15-35%, are not doing good work, the institutes are barely surviving with just 30% credible teaching staff,