Daily Archives: March 16, 2016
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ELECTRONICS 
March 16, 2016 Toshiba Finds More Accounting Errors, Promises Improvement
Japan’s Toshiba Corp revealed additional accounting irregularities on Friday after a multi-billion dollaraccounting scandal last year, rekindling doubts over the company’s pledge to improve transparency. The laptops-to-nuclear conglomerate said it had overstated past profits by JPY 5.8 billion (roughly Rs. 344 crores) on a pretax basis due to seven new accounting errors, on top of […]
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ELECTRONICS 
March 16, 2016 Sony Sees Average Selling Price of Smartphones Rise, Second Only to Apple: Report
According to a blog post by freelance journalist Charles Arthur that estimates global smartphone sales figures in Q4 last year, Sony has the highest average selling price (ASP) for its smartphones – only behind Apple. Average selling price for a smartphone manufacturer represents the average price at which it sells its current smartphone lineup. In […]
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ELECTRONICS 
March 16, 2016 iPhone SE Purportedly Spotted in Video Alongside iPhone 6, iPhone 5s
Apple has already sent out invitations for its March 21 event where it is said to launch the much rumoured 4-inch iPhone model aka the iPhone SE. Although we’ve seen the unannounced smartphone in numerous leaked images and mock-ups, a video that’s claimed to show the new smartphone has leaked out of China – and […]
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ALL DEALS 
March 16, 2016 18% applicants did not write CAT: IIM
A file photo of the Indian Institute of Management, Ahmedabad. Photo: Raj K. Raj/HT New Delhi: Around 18% of those who registered to appear for the Common Admission Test (CAT) that serves as a gateway to elite Indian Institutes of Management (IIMs) and scores of leading B-Schools in the country chose not to do so, […]
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NEWS 
March 16, 2016 PMO directs skills ministry to open 7,000 ITIs in one year
Given the steep target, the skills ministry is exploring the possibility of offering soft loans to private players to open ITIs. Photo: Pradeep Gaur/Mint New Delhi: The Prime Minister’s Office has directed skills ministry officials to open within one year 7,000 new industrial training institutes (ITIs), or nearly half the number of all existing ITIs […]
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ALL DEALS 
March 16, 2016 Nursery admissions: HC seeks Delhi govt’s reply on management quota case
In a bid to make the admissions process transparent, Delhi chief minister Arvind Kejriwal on 6 January scrapped management quota and all other quotas with the exception of a 25% for economically weaker sections. Photo: HT New Delhi: The Delhi high court on Monday issued notice to the Delhi government on two petitions brought on […]
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ALL DEALS 
March 16, 2016 Ex-IIM gurus lend expertise to private B-schools
Photo: Mint Manaswini Acharya, professor of marketing at International Management Institute, Delhi (IMI) says it’s a different atmosphere in the B-school these days—there is a feeling of motivation because of a new boss at work. “He is a hands-on director general, and gets involved in almost everything—from teaching to admission to placements,” said Acharya, who […]
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ALL DEALS 
March 16, 2016 Last-mile delivery hurdles pave way for surge in new start-ups
E-commerce company Flipkart’s decision to invest in logistics start-up QikPod shows that online retailers are experimenting with different avenues to find a suitable model to cut delivery costs. Photo: Ramesh Pathania/Mint As the e-commerce market matures in India, showing clear signs of winners, the logistics sector has also begun to witness hectic activity. The past […]
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NEWS 
March 16, 2016 Uber starts to lease cars to its drivers on the lines of Ola
Photo: Bloomberg Ride-hailing company Uber has started leasing cars to drivers in India, borrowing a page from the play book of its larger rival Ola, as it seeks to expand market share. The leasing programme, aimed at attracting more drivers to its platform, is being tested in select cities such as Delhi, Mumbai and Bangalore, […]
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NEWS 
March 16, 2016 Foodpanda fires over 500 employees, will stop own delivery in six cities
In 2014-15, Foodpanda recorded a loss of Rs36 crore, on a revenue of Rs4.8 crore. Photo: Ramesh Pathania/Mint Mumbai: Online food ordering start-up Foodpanda India has laid off close to 500 employees, according to two people aware of the development. The layoffs ordered on Monday covered all business segments—sales, marketing, vendor service, customer delight, business […]
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ALL DEALS 
March 16, 2016 Yuvraj Singh invests in Rahul Yadav’s start-up Intelligent Interfaces
Rahul Yadav has been working on his new venture after the Housing.com’s directors fired him on account of his objectionable behaviour towards investors and the media in July. Mumbai: Indian cricketer Yuvraj Singh has made an undisclosed amount of investment in former Housing.com’s chief executive officer and co-founder Rahul Yadav’s start-up Intelligent Interfaces. “Proud to […]
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NEWS 
March 16, 2016 DogSpot raises funds from Ratan Tata, others
Dheeraj Jain, partner at Redcliffe Capital, a UK-based hedge fund, existing investors Ronnie Screwvala, K. Ganesh and early-stage investment firm India Quotient were among others who invested. New Delhi: PetsGlam Services Pvt. Ltd that runs online pet supplies store Dogspot.in on Monday said Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested in the […]
