BUSINESS
10 things to know about new Amazon CEO Andy Jassy
The CEO-designate Andy Jassy joined Amazon soon after his Harvard MBA in 1997, and is known for his wit and humour. He took many pot shots at IMB and Oracle, Amazon’s rivals in web services, on social media platforms.
BUSINESS
In Big tech vs Govt on new IT law, will courts play middlemen? Here’s what experts say
Large social media firms Facebook and Twitter can lose their intermediary privileges today for failing to comply with the new IT law. Losing the tag would mean being held accountable for the content posted on their platforms. The impact will be minimal for on users, say analysts.
BUSINESS
Flipkart hires 23,000 to strengthen supply chain
Flipkart, which gets over 90 percent of its orders in the non-essential categories, has been ramping up facilities to cater to the growing demand for groceries.
BUSINESS
Flipkart strengthens supply chain with 23,000 new hires
Flipkart, which gets over 90 percent of its orders in the non-essential category, has been ramping up facilities to cater to the growing demand for groceries.
TRENDS
Restaurants look for alternatives as Swiggy, Zomato serve them raw deal
Set up by serial entrepreneurs, startups like Peppo and DotPe are trying to address a huge gap that remains one of the big concerns among the restaurateurs and food aggregators -- direct engagement with the customers.
BUSINESS
COVID-19 | Zomato starts vaccinating delivery partners
The company will also start updating the vaccination status of its delivery partners on its app.
BUSINESS
BigBasket, Grofers hiring thousands of delivery, warehousing staff as order volume surges
While Grofers did not disclose the salaries of its warehouse and delivery executives, BigBasket said that their salaries ranged between Rs.18,000-30,000.
BUSINESS
Swiggy begins vaccination of delivery partners, frontline staff in Bengaluru
BUSINESS
Oyo to offer eight months' salary, medical coverage to families of employees who died due to COVID
Oyo has also been offering its employees infinite paid leave option till July.
BUSINESS
Flipkart performing well with sustainable GMV growth in Q1 despite COVID: Walmart
At Flipkart, monthly active customers and users are key metrics, and we're performing well, said C Douglas McMillon, president, chief executive officer and Director, Walmart Inc. The group's fintech firm, PhonePe, reported a 150 percent growth in annualised total payment value run rate as compared to the previous year.
BUSINESS
COVID-19: Mild symptoms and not getting a hospital bed? Step into an Oyo, Treebo or Fab hotel
More hospitality firms launch primary health care facilities equipped with doctors and oxygen concentrators; comes at a time when their core business is witnessing a major slump
BUSINESS
Pine Labs raises fresh funds at $3 billion valuation
Pine Labs claims to be serving more than 150,000 merchants across Asia and the Middle East.
BUSINESS
COVID-19: Uber has given 70,000 free rides to Indians going for vaccinations
Uber is offering free rides worth Rs 10 crore for vaccination in 34 cities, and has tied up with state authorities, central government and NGOs to help people get the jab
BUSINESS
Unicorn an artificial thing, success of startups cannot be ascertained on basis of valuations, says Ronnie Screwvala
The pandemic has shown that the real sense of positivity and comfort comes from closeness between employees. You need to have that personal touch. And I think, organizations who have that personal touch are being able to communicate
BUSINESS
Setting Sail | Here's why Ronnie Screwvala thinks a unicorn is an artificial thing
In the latest episode of the Setting Sail podcast hosted by Moneycontrol's Priyanka Sahay, Screwvala talks about the growth expected in the ed-tech segment, his vision for upGrad, his startup and how the second wave of the pandemic is impacting the corporates in India.
BUSINESS
COVID-19 impact: Oyo announces four-day workweek, infinite paid leaves
Oyo joins the league of another homegrown firm Swiggy, which last month announced a similar move.
BUSINESS
Centre will not wade into essential vs non-essential debate for now even as e-commerce firms struggle with ad hoc rules
Even as various states prescribe varying guidelines, e-commerce companies such as Amazon and Flipkart are in a spot given that there is no central list for what's essential and what's not.
BUSINESS
Semiconductor shortage triggers rise in smartphone prices
Higher input costs and scarcity of semiconductors have made smartphones dearer, but the demand for mobile phones has also fallen because of the disruption caused by the second wave of the pandemic.
BUSINESS
Soonicorn BharatPe raises Rs 50 crore in debt funding from Northern Arc Capital
BharatPe's last institutional round of funding happened in February which valued the company at $900 million.
BUSINESS
This week in start-up funding: startups witness Seed and Series A deals
Startup funding tapered this week after multi-million dollar rounds in the previous weeks
BUSINESS
Swiggy to prioritise Genie deliveries following second wave of COVID-19
The company witnessed a 350% increase in the delivery of OTC medicines through Swiggy Genie in the last 15 days compared to the same period last month.
BUSINESS
Ready to eat foods see huge uptake amid Second COVID-19 surge in India
Since mid-February, packaged foods have witnessed a spike of up to 80%, frozen foods up to 500% and packaged milk and milk products 150%, according to a Grofers spokesperson; demand for preventive care supplies such as masks and sanitisers shoot up
BUSINESS
Here's a list of top 10 executives who will become millionaires when Zomato goes public
Zomato currently counts 74 stakeholders with at least 18 people having shares of more than 1 percent or more of the paid-up share capital of the company, with founder and chief executive officer Deepinder Goyal holding a 5.5 percent stake. The value of the equity held by him stands at Rs 2,734 crore.
BUSINESS
NCLAT hears Oyo subsidiary's case on May 4 -- Here's all you need to know about the issue so far
The admission of a corporate insolvency case can have serious consequences for the company, impacting its goodwill, reputation, daily operations, and management. It also open the doors for various creditors to file claims against the firm
