BUSINESS
COVID-19 impact: Swiggy announces four-day workweek for employees in May
The company has also set up a pandemic support mechanism and an emergency support team to assist employees during this crisis.
BUSINESS
Amazon, Flipkart allowed to deliver only essential goods for one week in Delhi
Curfew has been imposed in Delhi with effect from 10:00 pm on April 19 to 5 am on April 26.
BUSINESS
This week in start-up funding: It is raining unicorns
Ten Indian startups have become billion-dollar valued companies or unicorns in the first four months of 2021. Of this, six turned unicorns this week on consecutive days.
BUSINESS
NCLAT stays corporate insolvency proceedings against Oyo subsidiary
The NCLT plea had been filed by a Gurgaon hotelier, who had accused the company of defaulting on payments and violating an agreement. The NCLAT ruling has now halted a ruling by the Ahmedabad bench of the NCLT initiating corporate insolvency proceedings against the subsidiary, OHHPL.
BUSINESS
NCLT admits corporate insolvency proceeding against Oyo subsidiary
Oyo has challenged the NCLT order in the National Company Law Appellate Tribunal.
BUSINESS
A look at Amazon’s legal troubles in India
Global Amazon is battling issues ranging from working conditions to unionisation efforts to abuse of dominance with private label launches in markets such as the US and Europe. Here is a look at the controversies and legal troubles that plague Amazon’s operations in India.
BUSINESS
PlayShifu raises Rs 124 crore in Series B round, valued at Rs 500 crore
Founded in 2016 by Vivek Goyal and Dinesh Advani, PlayShifu makes educational toys powered by Augmented Reality.
BUSINESS
Swiggy announces $800 million fund raise through global venture funds, investors
Food delivery app Swiggy has raised $800 million from global alternative asset manager Falcon Edge Capital, Singapore-based fund management firm Amansa Capital and US-based private investment firm, Think Capital in a new round that values it at $5 billion.
BUSINESS
Moneycontrol Masterclass: Tech world is having a war for skills like never before
According to experts, in-demand roles include tech stack developers and front end developers, data engineers and executives with cloud computing skills.
BUSINESS
Gig workers union to complain to PM, state govts against Uber & Ola
The union is angry because an Uber driver said he lost his job because the ride-haling app could not recognise his face after he shaved his head at Tirupati, but the company says access to the app was denied for violation of guidelines, not because of his new appearance.
BUSINESS
Oyo to cover COVID-19 vaccination costs for India employees, increases paternity leave duration
The company also announced discounted checkup and access to health coaches while increasing the paternity leave period from two to four weeks.
BUSINESS
Voice AI firm Uniphore raises $140 million led by Sorenson Capital
Rob Rueckert, Managing Partner at Sorenson Capital Partners, will join Uniphore's board of directors.
BUSINESS
FAU-G game | Haryana Police summons Vishal Gondal over Twitter post against real-money gaming
Vishal Gondal has been asked to appear before the station house officer of Sarai Khwaja Police Station on April 5.
BUSINESS
No change warranted in FDI norms, Amazon, Flipkart tell DPIIT even as other e-tailers call for penalties for violators
While Amazon and Flipkart expressed their concerns with regards to a proposed change in the existing rules, companies such as Tata Cliq, Snapdeal, BigBasket and Grofers were of the view that while the policy was fine, a proper implementation was lacking, according to sources who attended the meeting.
BUSINESS
Crucial meeting on FDI in e-commerce today; find out who's meeting whom
The virtual meeting, which will be held at noon, will discuss changes required in the rules governing FDI in e-commerce in India
BUSINESS
Swiggy announces COVID-19 vaccine cover for 2 lakh delivery partners
In the first tranche of the programme, 5,500 of Swiggy’s delivery partners, aged 45 and above will be eligible to opt in for the vaccination.
BUSINESS
23 startups and two funds: Bharat Pe founder Ashneer Grover is an avid investor
As a compulsive investor, he is willing to talk to any startup founder and offer solutions using his own experience in a similar situation. Above all, as master of scaling up, he is keen to offer expertise, without any strings attached and minus an agenda
BUSINESS
Dukaan steps into e-commerce space to bring neighbourhood stores online
Dukaan aims to help neighbourhood stores face competition from e-commerce giants such as Amazon and Flipkart. It plans to keep its service free initially but would charge stores if they have ask for services such as GST invoices.
BUSINESS
Preferred sellers are given priority on online marketplaces: CCI tells Karnataka HC
The arguments by the competition watchdog come at a crucial time for the booming e-commerce industry, as the government is expected to unveil a draft policy in days.
BUSINESS
Compass Group acquires majority stake in food-tech startup SmartQ
Compass Group is one of the world's leading providers of contract food and support services with a presence in 45 countries. It counts over 96 of the Fortune 100 companies as its clients.
BUSINESS
Here's how an online article on real money gaming landed Vishal Gondal in legal soup
The whole saga started after Gondal wrote an article which was published by Medianama in January titled -- In The End, The House Always Wins: The State Of Real Money Gaming In India.
BUSINESS
Amazon, Flipkart vs CCI: CCI is well within its rights to probe Amazon, Flipkart, it tells Karnataka HC
The CCI said there are matters pertaining to Amazon and Flipkart being heard at other jurisdictions, it doesn't stop the CCI from making its enquiry.
BUSINESS
Explained: India's new draft e-commerce policy and how it will impact the e-tail space
Moneycontrol has reviewed the unofficial draft to bring an account of the key issues raised and how this will impact the booming online commerce space going forward.
BUSINESS
Last week in startup funding: Turtlemint, EaseMyTrip raise money from investors
The gaming sector continued to remain the investor's favourite with e-sports company Nodwin Gaming raising $22.4 million from South Korea's Krafton for a minority stake in the company.
