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    • Snapdeal board weighs sale; Softbank appoints 2nd director

      While the company did not disclose the details of the meeting, sources said the board today met to discuss the proposal for sale of the company, among other issues.

    • FIRs pile up against Snapdeal's logistics arm GoJavas over unpaid dues

      Leading cargo vendors are alleging that GoJavas has failed to pay dues ranging from Rs 50 lakh to more than Rs 2 crore over the past six months, when there was an ownership churn at the company.

    • Snapdeal fate no surprise, startup model to blame: Mohandas Pai

      Speaking to CNBC-TV18, TV Mohandas Pai, the former Chief Financial Officer of Infosys, said new-age startups have no clear strategy and very poor execution.

    • After confirming layoffs, Snapdeal founders to take 100% pay cut

      The loss-burdened e-commerce major's co-founders Kunal Bahl and Rohit Bansal admitted to 'errors in execution' amid plans to axe 500-600 employees starting next week.

    • Snapdeal to fire 30% of its staff in the next two months: Report

      The company had sent out an e-mail to its managers earlier this week asking them to “right-size” their teams, according to a report in The Economic Times.

    • Den Networks gains 6%, to increase stake in Macro Commerce

      The company has entered into an agreement with Jasper Infotech to increase equity stake in Macro Commerce by subscribing and purchasing equity shares in Macro for Rs 6 crore.

    • India Inc sees PE-deals worth $1.19 bn in Feb: Thornton

      According to the assurance, tax and advisory firm, Grant Thornton, there were 94 PE-deals worth USD 1.19 billion in February, while in the corresponding period last year there were 73 such transactions worth USD 737 million.

    • Alibaba gets CCI nod for acquiring 4.14% stake in Snapdeal

      Jasper Infotech owns Snapdeal. Approval is required from CCI, which keeps a tab on unfair business practices, for acquisitions beyond a certain threshold.

    • Den Snapdeal TV-Shop aims at a GMV of Rs 500-cr by year-end

      DEN Snapdeal TV- Shop is a joint venture between the cable distribution firm DEN Networks and Jasper Infotech, the holding company of e-commerce major Snapdeal.

    • Govt clears FDI proposals worth Rs 10,379 crore

      The investment proposals were approved following the recommendation for the same by the Foreign Investment Promotion Board (FIPB), headed by Finance Secretary Rajiv Mehrishi.

    • FIR filed against Snapdeal, its CEO among others

      Maharashtra's Food and Drug Administration (FDA) clamped down on the e-commerce major for online sale of prescription drugs

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