Weekly Wrap-up: Flipkart Funding, Air Asia Debut, RBI Fake Website & More…


It’s Monday morning and time to do a quick wrap-up of posts published on Trak.in last week.Trak.in weekly news wrap-up

ASSOCHAM released a financial report last week, which states that foreign direct investment or FDI is all set to double in 2014-15, owning to the euphoria generated by Modi’s new government.

Hiring in Indian eCommerce market is poised for an explosive growth. As per research accomplished by various HR consultancy firms, it has been revealed that more than 50,000 jobs would be generated in the next 2 to 3 years by Indian eCommerce players.

Flipkart made an announcement today that they have raised $210 million investment round led by Russian investment firm DST Global. With this they have raised total of $751M in funding!

Do you know the first thing that Narendra Modi (or his team) did immediately after he was sworn in? The moment his oath was done, they released a brand new website for the New Prime Minister of India at .

Twitter has become uber popular with young and urban Indians. Here are 8 interesting insights on Twitter usage by Indian youths.

Reserve Bank of India (RBI) issued an advisory for all Indian citizens against a fake website which is offering to open savings bank account: RBI Savings Account. The fake website also offers users to apply for a credit card online!

So you are a non-techie entrepreneur and you are confused whether you should yourself learn coding or programming? This article tries to shed some light on this fact!

Indians are not buying tablet computers. Sales of tablet PCs have dipped 32.8% during the first quarter of 2014, and this is a worrying trend for all tablet manufacturers.

Times Internet , a digital product company and a part of The Times of India Group, announced today that it have acquired a majority stake in Mumbai-based CouponDunia Media Private Limited, which owns and operates CouponDunia.in, one of the leading coupon marketplace in India.

India’s largest homegrown coffee chain: Café Coffee Day may launch an IPO very soon, which is rumored to be valued at whopping $1 billion (roughly Rs. 5900 crore).

CRISIL, the credit rating agency has just conducted an analysis of the top 10 food retailers of India and found out a chilling fact: All of them are incurring heavy losses.

Aircel and AskMe have joined forces to offer a unique lead generation service for small and medium scale entrepreneurs in India.

Snapdeal has extended same day delivery service to 15 Indian cities and named the service “Snapdeal Plus”. This new service not only offers same day delivery, but may deliver the products in as less as 2 hours from the time order is placed.

Mukesh Ambani led Reliance Industries Limited (RIL) has acquired controlling stake of 78% in Network18 Media & Investments Ltd (NW18) for Rs 4000 crore; along with its subsidiary TV18 Broadcast Ltd.

Simplify360, a leading social media intelligence firm decided to find which is the most social bank in India, for which they did a comprehensive social media analysis of top 9 Indian banks, between the period April 15 to May 15, 2014.

Air Asia becomes the first foreign airline to start it’s domestic flights in India. They will start their operations from June 12th and bookings start today, May 30, 2014.

As per latest reports, speculations are rife that Microsoft is all set to debut in wearable technology as their iOS compatible smartwatch is about to be launched.

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