Archives
NEWS April 1, 2016 How CarDekho is planning to redefine car ownership business
By: sristy SahaAnurag Jain, chief operating officer of CarDekho, says he expects the automobile portal to become a unicorn by 2017. New Delhi: Brothers Amit and Anurag Jain, founders of the automobile portal CarDekho.com, went from stall to stall at the Delhi Auto Expo in 2008, patiently collecting all the brochures they could lay their hands on. […]
NEWS April 1, 2016 New rules, 100% FDI in e-commerce give short shrift to consumers
By: sristy SahaPhoto: iStockphoto New Delhi: The government on Tuesday allowed 100% foreign direct investment (FDI) in marketplace e-commerce companies. While this may bring regulatory clarity to the existing and future online retail sellers in the country, it may hamper consumer interest on several accounts. First, the government has now prohibited any discounts to consumers by e-commerce […]
NEWS April 1, 2016 E-commerce firms will have to restructure businesses
By: sristy SahaFashion retailers such as Flipkart’s Myntra are moving to a marketplace model, but currently depend on one seller for most sales. Photo: Bloomberg New Delhi/Bengaluru: A day after the government approved foreign direct investment (FDI) with riders in online marketplaces, law experts said many e-commerce companies will have to rework their already complex corporate structures, […]
NEWS April 1, 2016 Fidelity marks down start-ups; e-commerce firms to restructure businesses
By: sristy SahaPhoto: Priyanka Parashar/Mint What to watch out for New online marketplace rules fail to halt discounts, for now If you were worried that the new government rules for Internet companies will mean the end of eye-popping discounts on popular online marketplaces, breathe easy, at least for now. E-commerce firms will have to restructure businesses A […]
NEWS March 30, 2016 Inoperative EPF accounts to earn interest from 1 April
By: sristy SahaEPF accounts are deemed inoperative when there is no contribution for 36 months. Such accounts stopped earning interest from financial year 2011-12. Photo: Ramesh Pathania/Mint New Delhi: The government on Tuesday reversed a five-year-old decision and announced that inoperative employees provident fund (EPF) accounts will earn interest, a move that will cheer millions of workers. […]
NEWS March 30, 2016 Supreme Court allows Sebi to sell Sahara properties
By: sristy SahaSupreme Court has allowed Sebi to initiate sale of the properties to raise bail money for Sahara chief Subrata Roy. Photo: Hindustan Times New Delhi: The Supreme Court on Tuesday asked the capital market regulator to initiate the sale of Sahara group properties to raise the money payable by group chief Subrata Roy for his […]
NEWS March 30, 2016 Will Flipkart, Snapdeal, Amazon, Paytm have to stop online discounts?
By: sristy SahaPhoto: Pradeep Gaur/Mint Bengaluru: One would expect Internet companies to cheer the fact that India allowed foreign direct investment (FDI) in e-commerce marketplaces on Tuesday. As usual, however, the devil is in the details, in particular two conditions attached to the approval of FDI in e-commerce. One, no group company or seller on a marketplace […]
NEWS March 30, 2016 Samsung Pay launches in China; Myntra to take over Forever 21’s retail chain
By: sristy SahaPhoto: Priyanka Parashar/Mint What the world is talking about China’s top three web browsers made user data vulnerable, says report China’s top three Web browsers collected and transmitted data in insecure ways, making hundreds of millions of users’ personal information vulnerable to unauthorized access, according to a report by a Canada-based human rights research group. […]
NEWS March 30, 2016 Indian start-ups counting on rural reach to boost e-commerce
By: sristy SahaPhoto: iStock Bangalore/New York: Indian entrepreneurs must do a better job reaching small towns and villages at home before setting their sights on international expansion, speakers on a panel at Bloomberg’s India Economic Forum said. “We haven’t even scratched the surface yet” in India, said Radhika Aggarwal, co-founder and chief business officer of online retail […]
NEWS March 30, 2016 Apoorva Patni plans to invest Rs100 crore in healthcare sector
By: sristy SahaApoorva Patni, son of Patni Computers co-founder Ashok Patni, plans to deploy nearly Rs.100 crore in the healthcare sector through his fund Currae Healthtech Fund. Patni, who has invested about Rs.10 crore in seven healthcare technology start-ups since 2015, plans to expand the fund’s portfolios to 20 companies with an expected investment of about Rs.100 […]
NEWS March 30, 2016 Japan’s NTT Data Agrees to Buy Dell’s IT Services Unit for $3 Billion
By: sristy SahaJapan’s NTT Data Corp said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow US computer maker Dell to trim some of the $43 billion in debt it is taking on to fund […]
NEWS March 30, 2016 Microsoft Surface Hub Finally Starts Shipping to Business Customers
By: sristy SahaMicrosoft’s Surface Hub, which is aimed at bringing collaboration to the conference room, has been so far delayed twice by the company. Microsoft on Friday however confirmed that the Surface Hub has begun shipping to business customers. The company touts the Surface Hub to be an innovative conference room computer which comes with an integrated […]
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