BUSINESS
Just In: NCLAT allows withdrawal of OYO's insolvency proceedings
OYO has also made an out of the court settlement with the original party, Rakesh Yadav.
BUSINESS
Ahead of IPO Paytm rejigs its board
The company has rejigged its board and has also appointed Ash Lilani, managing partner of Saama Capital as an independent director.
BUSINESS
NCLAT to pronounce verdict in Oyo insolvency case on July 7
The National Company Law Tribunal admitted a plea for corporate insolvency proceeding against Oyo group's subsidiary Oyo Hotels and Homes Pvt Ltd in April following the hotelier's complaint.
BUSINESS
Zomato may have to disclose NRAI complaint in RHP
Zomato would now have to disclose there are complaints against it with the anti-trust regulator in its Red Herring Prospectus (RHP), says Abhinav Harlalka of Bombay Law Chambers. The complaint includes bundling of services, data masking, exorbitant commissions, price-parity agreements among others
BUSINESS
Nandan Nilekani, RS Sharma join govt advisory council to promote open network for digital commerce
Open network for digital commerce is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.
BUSINESS
E-commerce rules: Deadline for Amazon, Flipkart and others to send response extended
With the new set of drafts, the government is trying to ensure that consumers do not get a raw deal while purchasing products online.
BUSINESS
Setting Sail | Here's why Wakefit transitioned from mattress brand to home solutions provider
In today’s episode of Setting Sail, Ankit Garg, co-founder and CEO of Wakefit talks to Priyanka Sahay as to how the startup scaled the ladder in the market and what's in store next. Keep listening
BUSINESS
NRAI moves CCI highlighting competition issues with Zomato and Swiggy
The restaurants have claimed that over a period of time the business practices of Zomato and Swiggy started hurting the food and beverages (F&B) industry massively.
BUSINESS
Here's how Zomato makes money
The Securities and Exchange Board of India (SEBI) is likely to announce the approval of the Zomato IPO on July 5. One of the most keenly awaited share sales in recent history, the online food delivery and restaurant-discovery platform is set to raise $1.2 billion through the share sale.
BUSINESS
Once almost fired and now CEO, Amazon’s Andy Jassy faces an uphill battle in India
Andy Jassy starts his stint as Amazon CEO on July 5. A disciple of Jeff Bezos, known for his intense work ethic and the man behind AWS- Amazon's cash cow, Jassy faces a tough task in India, battling the inward-looking government, antitrust bodies and competitors, among others.
BUSINESS
E-commerce rules in other countries stricter than India, govt tells Amazon, Flipkart and others
Indian conglomerate Tata Group which was present in the meeting on Saturday said some of the rules could have huge ramifications on its operations and may restrict the sale of its private-label products.
BUSINESS
SEBI clears IPO application of Zomato
Zomato, backed by China’s Ant Group, filed for the IPO in April and is said to be looking to raise up to $1.2 billion.
BUSINESS
Explained | How Flipkart’s new social commerce app Shopsy works
The new app is a digital version of networking from an earlier time, when women used to visit localities hoping to sell sarees and suits to housewives
BUSINESS
Paytm sets aside Rs 50 crore for cashbacks, to train merchants on digitisation
The company is planning on-ground activities in more than 200 districts to train merchants on digitisation and reward them for increased adoption of cashless payments.
BUSINESS
COVID-19 impact: MakeMyTrip gives mandatory leave to employees to recharge themselves
Employees can take no-questions-asked paid time off for three working days before December 31
BUSINESS
Zomato seeks CCI approval to acquire 9.3% stake in Grofers
As part of the deal, Zomato and existing investor Tiger Global will invest around $120 million in the grocery startup at a valuation of over one billion dollars. Tiger will be investing a small amount.
BUSINESS
Direct to consumer & quick commerce among others to drive e-com sales in next decade
"In 2015 e-commerce was mostly dominated by horizontal. By 2020 it split across non-horizontal. Now an extremely diverse set of opportunities lies there for these six models," said Mrigank Gutgutia, director at Redseer.
BUSINESS
Treebo raises $16 million in funding round led by Accor
Following the investment Treebo will deploy its cloud-based hotel management software at various Accor hotels worldwide.
BUSINESS
Done Deal! IPO-bound Zomato invests $120 million in Grofers
With this investment, Grofers will turn a unicorn, a term used to describe privately funded technology startups that have a valuation of a billion dollar and above.
BUSINESS
Draft e-commerce rules: Companies express concern on proposed fallback liabilities clause
E-commerce companies say that the proposed fall-back liability is akin to making a mall owner responsible for a defective product sold by a shop in the mall.
BUSINESS
E-commerce companies pose risks to livelihood of millions of people: Piyush Goyal
Large online marketplaces have the money, technology and ability to sustain operations for a long time and their presence could lead to job losses among those working in small stores, Piyush Goyal said.
BUSINESS
Let CCI investigate if you haven't done anything wrong: Piyush Goyal tells Amazon, Flipkart
The Union minister's comments come at a very crucial time when the division bench of the Karnataka High Court is expected to pronounce its judgement on whether CCI can investigate the two companies or not.
BUSINESS
Zomato founder Deepinder Goyal aims to have 10% women in delivery fleet by year end
"Hopefully, in the near future, people won't generalize this community as 'delivery boys' and see them for what they truly are - delivery partners," Goyal added.
BUSINESS
IPO window is wide open but firms also need to be fully prepared, says Niren Shah of Norwest VP
IPOs demand a whole different level of discipline and preparation from the founders and management, and companies have to be open to a high level of public scrutiny after going public, Shah says
