BUSINESS
Rising popularity of K-Pop and anti-China sentiment is pushing the fortunes of Korean e-tailer Korikart
Bringing its products on the mainstream platforms, the company has witnessed 300 percent growth in sales since March 2020, and is currently reporting over 40 percent MoM increase
BUSINESS
MakeMyTrip-Google AdWord case | Delhi High Court issues bailable warrant against HappyEasyGo India directors
The issue dates back to May 2018 when MakeMyTrip had filed a case against lesser known rival HappyEasyGo for infringing intellectual property rights.
BUSINESS
Flipkart to expand grocery business to 70 cities in India
Flipkart’s grocery services are available across cities like Kolkata, Pune and Ahmedabad.
BUSINESS
KPMG absorbs 150 employees of Oyo
Nearly 150 employees of hospitality startup Oyo have been absorbed by KPMG, as part of a deal won by the consulting firm last year, to deliver finance shared services for the SoftBank-backed unicorn.
BUSINESS
Amazon, Flipkart vs CCI | When big players enter the space, they give discounts to weed out competition: CCI to Karnataka High Court
The submission was made during the hearing of the challenge to the CCI order which sought an investigation into alleged anti-competitive practices by Amazon and Flipkart last year.
BUSINESS
Zomato revises delivery partner fee following fuel price hike; Swiggy to follow suit
Zomato has also identified the impact of fuel price increase in case of long-distance orders since delivery partners are required to return to their base-working localities to get another order assigned.
BUSINESS
Startup Sages | Meet Maninder Gulati, the investor who is living his entrepreneurial dream with Oyo
Maninder Gulati joined Oyo when it was two and founder Ritesh Agarwal 19. Hiring, strategising and acquisition—he has done it all at Oyo that has grown into a global brand. Last few years have been rough but chief strategy officer Gulati is convinced that Oyo is the place to be.
BUSINESS
Delhivery hired employees, ramped up infrastructure during peak COVID-19 pandemic: Sahil Barua
CJo-founder of Delhivery Sahil Barua said the home-grown logistic firm built infrastructure, released systems, hired people, increased wages and built safety systems, all during the 4-5 months when the COVID-19 pandemic was at its peak.
BUSINESS
Flipkart plans to deploy 25,000 EVs by 2030 in India
The e-tailer has already started deploying 2 and 3-wheeler electric vehicles in multiple locations for delivery across the country, including in Delhi, Bengaluru, Hyderabad, Kolkata, Guwahati and Pune.
BUSINESS
PayU-backed Fisdom acquires IT return filing startup Tax2win
This move marks Fisdom’s entry into tax solutions segment, as part of the company’s plan to offer financial services for its customers and partners.
BUSINESS
Small-Town Startups I Here's how this Dubai-returned restaurateur is helping himself and others who lost their livelihood to Covid
Patna-born entrepreneur Dheeraj Kumar returned to his hometown, leaving behind his restaurant The Fish & Chips Room in Dubai, to set up Cart Club. Here's why
BUSINESS
Will work with the founders of Daily Basket to resolve the 'trademark' issue amicably: BigBasket
The Bengaluru-based e-grocery firm last week sent bootstrapped online grocery startup Daily Basket a notice for using the word basket in its brand name and logo.
BUSINESS
Zomato raises $250 million in funding from Tiger Global, Kora and others
As per the latest filing by Info Edge, $115 million has been invested by Kora Management LP, $55 million from funds associated with Fidelity, $50 million from Tiger Global Management, LLC, $20 million from Bow Wave Capital Management, LP and $10 million from Dragoneer Investment Group, LLC.
BUSINESS
Over 8 crore traders to participate in Bharat Band protest on February 26: CAIT
The business community which was enthusiastic about the goods and service tax (GST) system when it was introduced now feels depressed because of wide complications in GST compliance and imposition of huge penalties even for small unintentional errors.
BUSINESS
CAIT accuses Narayana Murthy of helping Amazon, demands government investigation
The CAIT has also dragged banks such as HDFC Bank and State Bank of India for partnering with Amazon to give shopping advantage to people for purchasing goods exclusively from Amazon and other e-commerce companies.
BUSINESS
India should become a bright sun, the opposite of West's Black Mirror, says Balaji S Srinivasan
According to Srinivasan, India has resources and it is high time that the industry of technology, especially AI and robotics, were shown in a much positive light in comparison to what the west is portraying.
BUSINESS
Amazon India head assuages employee concerns, says company has 'always been compliant with all Indian laws'
According to a detailed report by international news agency Reuters, which has quoted documents dated between 2012 and 2019, Amazon has circumvented Indian laws which only allow marketplace models, on multiple fronts.
BUSINESS
CAIT to organise mass agitation to protest against anti-competitive practices of Amazon: Praveen Khandelwal
In order to abide by the laws on papers, Amazon in February restructured its partnership with companies such as Catamaran Ventures through which it runs a venture called Cloudtail, one of its preferred vendors.
BUSINESS
Ordered some veggies? This startup brings a truckload to your doorstep!
Bok choy, lettuce or spinach, Delhi-based VegEase sends you a van full to choose from. It has 85 vans at present, and plans to increase the number of trucks to 500 in Delhi NCR alone by May. Foray into other cities by March on the cards.
BUSINESS
India needs local innovations to make mapping accurate: Zomato's Mohit Gupta
After facing constant issues with the locations while delivering food to customers, Zomato had to launch a feature on its app which allowed users to leave voice commands narrating the location for the delivery personnel.
BUSINESS
Entrepreneurs hail Narendra Modi government's move to free up mapping
Prime Minister Narendra Modi described it as a decision that would provide a huge impetus to Digital India and a massive step in its vision for Atmanirbhar Bharat.
BUSINESS
Amazon sought $40 million to let Future-Reliance deal proceed
Amazon, which owns a 49 percent stake in Future Coupons, an unlisted company, has challenged the Future Group-Reliance Retail deal, claiming it did not consent to such a transaction.
BUSINESS
Amazon merges Pantry with Fresh to simplify customer experience
BUSINESS
CEO Ashneer Grover opens up about BharatPe's bid to acquire Punjab and Maharashtra Cooperative Bank
If the buyout succeeds, the plan is to turn PMC into a purely digital enterprise; will also help the company source cheap capital for lending
