Connect with us

Latest News

Global Entrepreneurship Summit India 2017

Avatar

Published

on

Global Entrepreneurship Summit India 2017,Startup Stories,Business Update News 2017,Inspirational Stories 2017,74 entrepreneurs from Telangana,Women Entrepreneurs 2017,GES 2017,Prime Minister Narendra Modi About GES,Ivanka Trump visit to Hyderabad,GES 2017 Hyderabad,Ivanka Trump About Global Entrepreneurship Summit 2017


The eighth edition of the Global Entrepreneurship Summit 2017 is all set to take place on 28 November 2017 in Hyderabad. This three day summit will also see Ivanka Trump leading the United States delegation.

Hosted by the United States of America along with the Republic of India, the summit has been flooded with applications. Around 44,000 Indian entrepreneurs applied to participate in the summit that currently has only 400 available slots. 800 slots have been allotted for entrepreneurs from USA and around the world. Close to 74 entrepreneurs from Telangana have been selected for the summit.

Highlighting the theme Women First, Prosperity for All, this year’s summit will focus on supporting women entrepreneurs and fostering economic growth globally. First conceived by former US President Barack Obama, GES aims at creating an environment that empowers innovators, particularly women, to take their ideas to the next level.

The summit will also hold sessions, master classes and workshops by global experts along with networking events and keynote speeches from prominent entrepreneurs. According to the official website, GES 2017 will present a unique opportunity to connect and establish meaningful partnerships amongst entrepreneurs, investors and ecosystem supporters. In an attempt to inspire the culture of entrepreneurship, the summit also launched the ‘Road to GES’ initiative which aims to build and engage entrepreneurs through events from September to November and beyond.

Prime Minister Narendra Modi in a meeting in the Philippines said the GES would help in “showcasing innovation and collaboration between India and the United States.” With a bilateral trade of about $ 115 billion, India is already a major market for the United States. The summit aims at strengthening this relationship while encouraging innovation and collaboration, with a special focus on emerging nations from Africa and Asia.

With just ten days to go for the Summit, police officials in Hyderabad are on high alert. Special security measures and arrangements have been made in anticipation of Ivanka Trump’s visit to the city. According to media reports, Federal Bureau of Investigation and Special Protection Group high officials also visited Hyderabad to observe the security arrangements.

Loading...
Loading...
Continue Reading
Advertisement
Click to comment

Leave a Reply

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

Latest News

Apple’s New Launch – iPhone 11

Avatar

Published

on

Apple New Launch,Apple iPhone 11,Startup Stories,Latest Technology News 2019,Apple New Launch 2019,apple new launch phone,iPhone 11 Release Date,iPhone 11 Features,Apple iPhone 11 Price,new iphone 2019 release date,iPhone 11 Specifications,Apple iPhone Latest News

Apple Inc., launched its iPhone 11 lineup on September 10th 2019.  The launch happened in San Jose, where the headquarters of the Company are located.  The iPhone 11 lineup includes the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro Max.  The price of the new iPhones ranges from $ 699 to $ 1099, with the iPhone 11 being the cheapest.  During the launch, Apple also introduced other devices like the next gen Apple watch, the 7th gen iPad and the Apple Arcade.

The new iPhone 11 is an upgraded version of the iPhone XR, while the iPhone 11 Pro and Pro Max are upgrades of the iPhone XS and XS Max respectively.  The iPhone 11 is directed at the price sensitive Indian market.

During the launch, Apple’s Senior Vice President of Worldwide Marketing Phil Schiller said, “iPhone 11 Pro and iPhone 11 Pro Max are the most powerful and advanced smartphones we have ever made. They are packed with sophisticated technology that pros can count on to get their work done, and for anyone who wants the very best device made, even if they are not a pro.”

Specifications

iPhone 11

The new iPhone 11 will be available in three storage variants of 64GB, 128GB and 256GB.  The iPhone 11 will be powered by A13 Bionic, which is a new processor designed by Apple. The smartphone will have a 6.1 inch LCD screen with a resolution of 1792 X 828 pixels.  The rear camera of the iPhone 11 consists of two lenses and both have a 12 megapixel image sensor. The iPhone 11 is dust and water resistant and will be available in black, green, yellow, purple, red and white variants. 

iPhone Pro and iPhone Pro Max

The Pro and Pro Max versions are quite expensive compared to the iPhone 11.  They are priced at $ 999 and $ 1099 respectively. The smartphones will be available in three storage variants of 64GB, 256GB and 512GB.  The rear camera of both the smartphones consists of three lenses. The OLED display of iPhone Pro and Pro Max are 5.8 and 6.5 inches respectively.  Just like the iPhone 11, these models are also dust and water resistant. 

 

The iPhone 11 lineup will be released on September 20th 2019 in the United States of America and on September 27th 2019 in India.

Continue Reading

Latest News

Jack Ma Retires From Alibaba At 55

Avatar

Published

on

Jack Ma Retires From Alibaba At 55,Startup Stories,Alibaba Founder Jack Ma,Jack Ma Retires From Alibaba,Alibaba Founder Retires At 55,Jack Ma Retires,Alibaba chairman Retires,Jack Ma Latest News,Jack Ma 55th Birthday,Alibaba Founder History

Jack Ma retired from Alibaba, the Company he built 20 years ago, on September 10th 2019 as its Chairman.  Ma announced last year he would retire from Alibaba in September 2019.

Jack Ma co founded Alibaba in 1999 as a B2B marketplace site, at his apartment in Hangzhou, China.  Alibaba Group Holding Limited is now one of the biggest and most valuable companies in the world. The Company owns and operates businesses in numerous sectors around the world.  With a market value of $ 420 million, Alibaba made Jack Ma one of the richest people in China, with a net worth of $ 35.6 billion. He is also considered one of the wealthiest and most powerful people in the world.

Jack Ma decided to retire from Alibaba in order to pursue educational and philanthropic work.  Daniel Zhang, who is the CEO of the Company since 2015, will step into Jack Ma’s shoes as the executive chairman of Alibaba. 

To bid farewell to Jack Ma, the Company held a four hour celebration at an Olympic sized stadium in Hangzhou with a capacity to accommodate 80,000 people.  Jack Ma, who is known for his colorful personality and performed at a Chinese music festival, did not disappoint anyone this time either.  Ma, dressed as a rockstar with a fake wig and holding an electronic guitar, gave a powerful performance in front of his employees. 

Speaking about his retirement at the event, Jack Ma said, “After tonight, I will start a new life. I do believe the world is good, there are so many opportunities and I love excitement so much, which is why I will retire early.

Even though Jack Ma retired from Alibaba as its Chairman, he will stay on the Company’s board till 2020 and will remain a lifetime partner of Alibaba Partnership. 

Continue Reading

Latest News

Binny Bansal Sells ₹531 Crore Worth Flipkart Shares To Walmart

Avatar

Published

on

Binny Bansal Sells ₹531 Crore Worth,Flipkart Shares To Walmart,Startup Stories,Latest Business News 2019,Binny Bansal Sells Flipkart Shares,Flipkart CO Founder Binny Bansal,Flipkart Business News,Flipkart Latest News,Walmart Flipkart Deal

Binny Bansal, an Indian billionaire, entrepreneur and co founder of the e-commerce website Flipkart, sold $ 76.4 million worth of his shares in Flipkart to Walmart’s Luxembourg entity FIT Holdings SARL.

Binny Bansal, along with his partner Sachin Bansal, co founded the Flipkart and served as its Chief Executive Officer until January 2016.

Walmart, a multinational retail corporation, bought Flipkart in 2018 and back then, Bansal sold a small portion of his shares and held 3.85 % of stake.

Now, according to the documents filed by Flipkart with the regulators, Binny Bansal transferred 539,912 equity shares to FIT Holdings SARL.  These shares are valued to be $ 76.4 million (approximately Rs. 531 crores.)  This latest deal left him with only 3.52 % stake in Flipkart.

Vivek Durai, the founder of Paper.vc, a business intelligence platform, said, “With this transfer, Binny Bansal has monetised a small portion of his shareholdings. He had sold 1,122,433 shares for about $ 159 million during the Walmart takeover.”

According to his contract with Walmart, Binny Bansal is entitled to sell more than half of his shares to Walmart by August 2020 and he could gain around $ 400 million from this transaction.

Bansal, who is mostly based in Singapore, is now an investor in India’s  startup ecosystem and is also the co founder of xto10X Technologies, which was launched last year.

In December 2018, Binny Bansal invested a sprawling $ 25 million dollars in the online insurance startup Acko.  He also invested in several AI and healthtech startups.

Continue Reading