Shopclues Is Firing 200 Employees; Rivigo Firing 70-80 Employees Two of the biggest VC-backed startups from India have announced major lay-off news, and this is certainly not good for the startup ecosystem. Ecommerce biggie Shopclues…
Will Amazon, Flipkart and other ecommerce portals stop discounts? We have been bringing continuous updates to you on how India has been taking measures to safeguard their small scale local retailers from the allegedly ‘predatory…
Reliance Industries Ltd., India’s largest conglomerate, driven by the wealthiest person of the country, Mukesh Ambani, has a strong history of conquering any sphere it decides to step in. It has achieved quite some new reforms since…
Finally, the much awaited Consumer Protection Bill 2018 has been passed in Lok Sabha. It was introduced in January 2018, and took 11 months to pass. Consumer Protection Bill 2018 replaces 30-year old Consumer Protection Act of 1986.
In a unique partnership of ideas and innovations, Indian IT behemoth HCL has acquired IBM’s 7 crucial software products. This comes months after IBM acquired Redhat for $34 billion, which was hailed as the biggest software deals ever.
In a daring decision, offline shop owners in a city in Maharashtra decided to bombard Amazon India with fake orders, and the intention was that, due to this, Amazon will blacklist entire city!
The trillion dollar US e-commerce giant Amazon is taking India very seriously. The company knows the country is the next big thing on the planet as both America and China are inching towards a saturated phase.
Although both Berkshire Hathaway (the company which Buffett owns, and uses for investments) and Paytm hasn’t responded to this news, sparks are already flying.
Paytm Mall has informed us that they are aiming for Rs 70,000 crore business by March, 2019. And, they have claimed to process Rs 24,500 crore worth of annualized gross sales by the end of June, 2018.
While Walmart has decided to hire 1000 engineers in India, Flipkart has decided to break its friendship with WS Retail, their largest seller for a long long time.