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Weekly Wrap-up from Digital World

05/07/2016
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Ola will invest 350 crores in Haryana: Ola has signed a MoU with the government of Haryana to create over 10,000 entrepreneurs in the state. As part of the MoU, Ola will invest Rs. 350 crores over the next five years to skill and train thousands of men and women to join Ola. The partnership will also allow the online taxi-hailing app to introduce its products across the state. It is currently present in five cities in the state: Gurgaon, Faridabad, Panchkula, Kurukshetra, and Ambala. Click here to read more.

Apple music hits 15 million paid customers: Apple Music marks its first anniversary, with 15 million paid subscribers. According to the latest report, the global music industry’s worldwide interests, digital revenues now account for 45 percent of all monies earned from music — a cool $6.7 billion (39 percent of physical sales). Click here to read more.

Axis bank launches innovation lab to help startups grow: Axis Bank, the country’s third largest private sector lender, in a bid to ride the digital wave, has decided to open an innovation lab where it will tie up with financial technology start-ups. Click here to read more.

Pinterest ramps up e-commerce features: Online bulletin board Pinterest has unveiled new features to facilitate shopping on the site, as the platform pushes to become an e-commerce hub. The new virtual shopping bag feature is currently available on Android devices and for users visiting Pinterest on their computers. Click here to read more.

Indian data analytics industry to reach $16 billion industry by 2025: Nasscom

Big data analytics sector in India is expected to witness eight-fold growth to reach $16 billion by 2025 from the current level of $2 billion, the National Association of Software and Services Companies (Nasscom). Click here to read more.

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