June 24, 2017
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Paytm And Mobikwik To Pick Up Talent Laid Off By Snapdeal


Online payment platform-majors Paytm and Mobikwik have come to the rescue of the employees laid off recently by Snapdeal after the online e-commerce giant confirmed that it had faced mounting losses and needed to rethink their business model. An estimated 600 employees have already been retrenched in the process of business restructuring and many more are said to be facing …

Cyrus Mistry Accused of Breaching Confidential Rules for Fall in Share Prices, Tata Sons Files Petition


Tata Sons, on Tuesday, accused ex-Chairman Cyrus Mistry of breaching confidential rules and figures for the fall in share prices for the FY ’16; which turned out to be another reason for taking strict legal measures against him. The company’s strict rules and norms were broken and breached which has intensified the situation along with making the battle tough and …

Amazon’s Soaring Losses May Make The Road Ahead Smoother For Flipkart


Amazon India, the Indian arm of the global e-commerce giant, has seen a loss of Rs. 3,572 crore in the last financial year as it looks to expand and compete with home-grown rival Flipkart. Although revenue has increased by 123% to Rs 2,275 crore and the customer loyalty base has definitely increased, losses have doubled and threaten to spiral out of control. …

Amazon India Raises Fresh Capital Worth Rs. 2,010 Crores Via Core Firm


US-based Amazon Inc. has recently invested as much as Rs. 2,010 crores in its India segment were henceforth settling down to one of the biggest capital infusion in a conglomerate through its core firm till date. As per the developments, it has bid to topple the market leader Flipkart Inc. from its existing position as the Indian-based e-commerce giants is …

Flipkart & Ola Founders Knocks PM Door So To Rise Against Uber & Amazon

India-based e-commerce giant and car-rental aggregator Flipkart Inc and Ola Inc. has finally knocked the door of honourable Prime Minister Narendra Modi whereby, they asked to provide some solution regarding the present scenario of domestic companies which are surpassed by overseas firms like Amazon and Uber. Raising the banner of nationalism in their fight against the foreign companies’, Flipkart’s Sachin …

Sun Pharma’s Halol Plant Raises More Concern for USFDA


India-based Sun Pharmaceutical Industries Ltd. stated that the US centred Food and Drug Administration is more concerned regarding Halol manufacturing plant located in western part of Gujarat, after the recent inspection led by the centre. The country’s largest drugmakers have already approved of several drugs which are of key medicinal purpose thus having a high dependency on the clearance check. The USFDA …

Paytm To Separate Payment and E-Commerce Business


The mobile payment aggregator Paytm is all set to separate its e-wallet and e-commerce segments as it will merge the payment section with Paytm Payment Bank in which the founder may possess 51% of the stakes out of total shares in Paytm which is owned by One97 Communication Ltd under the supervision of Vijay Shekhar. A few days back RBI …

Uber India’s Revenue Rises High To Rs 374 Crores


One of the world’s leading car rental aggregator Uber has closed its revenue generation to Rs. 374 crores in Uber India main office reported the increase in revenue and that too by 442% subsequently sharing the four-fold success in its third year of operations in India. In fact, the India office is considered as the second largest main operation platform …

Jungle Ventures Shuts $100 MN Series A, B Investment


Singapore-based early stage venture capitalist Jungle Ventures finally shut down its second round of funding i.e. Fund II where it invested near about 100 million USD as per the set target. The fundraising event witnessed various existing as well as new venture capitalists, funding partners, High-Networth Individuals and so on. The entity targets Series A and Series B investments where the …

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