• NEWS
    The correction underway at India’s start-ups space

    Morgan Stanley’s filing comes nearly two months after Flipkart appointed co-founder Binny Bansal (right) as its new chief executive officer, replacing Sachin Bansal, who became executive chairman. Photo: Hemant Mishra/Mint On 29 July 2014, when Flipkart, India’s largest e-commerce marketplace, said it had raised $1 billion in funding, the world sat up and took notice. […]

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    The changing realities in India’s start-up market

    When frontline start-ups, such as CommonFloor, struggle to raise capital or are pushed back on valuations, the ripple effect on others in the ecosystem can only be painful. After months of repeated and somewhat indignant denials, Bengaluru-based property search platform Commonfloor.com has finally said that it is being acquired by Quikr India Pvt. Ltd. A […]

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    India’s Mobile Phone Production Rises to 110 Million in 2015-16: Prasad

    Mobile phone production in the country has more than doubled to 110 million in 2015-16 on the back of duty rationalisation announced in the previous Budget, Telecom Minister Ravi Shankar Prasad said Tuesday. The minister said 16 new mobile manufacturing units have been set up during the financial year. “In 2014-15, the mobile units manufactured […]

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    Flipkart’s mark-down augurs lean times for India’s tech start-ups

    Photo: Hemant Mishra/Mint Bangalore: Cash-hungry Indian star-tups like Flipkart Pvt. are discovering the fundraising party’s winding down. The domestic e-commerce leader became one of the most prominent Asian start-ups to have its valuation slashed by a high-profile investor. Sending ripples through the industry, a Morgan Stanley fund marked down its value by more than a […]

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    Samsung Mobiles Named India’s Most Trusted Brand: TRA

    Leading Korean smartphone maker Samsung Mobiles is India’s most trusted brand followed by Sony and LG, according to survey launched in Kolkata on Thursday. As per the ‘Brand Trust Report India Study 2016’ issued annually by the TRA, the top five most trusted brands are Samsung Mobiles, Sony, LG, Nokia and Tata. Automobile major Honda […]