Unpaid Dues Haunt Vodafone & Big Day for Indian SaaS Market: 4 Things to Know Today
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1. The Jio impact that triggered the biggest consolidation in telecom sector is yet to see its happy ending. The telecom department might inspect clearance of Rs 4,700 crore dues held by Vodafone India for its one-time spectrum charges. This might extend the proposed merger’s deadline from existing June 30.
2. Discounts and cash backs continue to dominate online shopping. A latest study by Assocham-resurgent reflects on expected 115% annualized growth of online shoppers to over 120 million this year. However, it skips mentioning about percentage of loyal customers for each ecommerce websites.
3. A milestone moment is here for Indian saas market. The growing optimism around cloud solutions has helped Freshworks - one of India’s brightspots in global saas market to cross $100 million mark in annual recurring revenue. Congrats to its ceo Girish Mathrubootham.
4. This one would take you back to the 80s American comic science fiction movie – honey, I shrunk the kids. Engineers at University of Michigan have created a temperature sensing ‘computer’ that measures just 0.04 cubic millimeters against a gigantic grain rice. It broke IBM’s earlier record of creating a 1mm by 1mm computer.
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