Patanjali’s “WhatsApp Killer” Kimbho App Returns As Bolo Messenger, But Patanjali Is No Longer Associated

Patanjali’s “WhatsApp Killer” Kimbho App Returns As Bolo Messenger, But Patanjali Is No Longer Associated

Patanjali’s Kimbho app is back, but this time the FMCG company seems to have washed its hands off the project. The Kimbho messenger app, which had been promoted as a Swadeshi version of WhatsApp, is once again live on the Play store. But now it’s been renamed as Bolo messenger, and Patanjali appears to no longer be associated with the app. After its launch last month, Kimbho had managed to amass over 1 lakh downloads in…

Mukesh Ambani Has Just Toppled Alibaba’s Jack Ma To Become The Richest Man In Asia

Mukesh Ambani Has Just Toppled Alibaba’s Jack Ma To Become The Richest Man In Asia

Milestones are coming in thick and fast for Reliance Industries and its founders. A day after Reliance became only the second Indian company to reach the $100 billion club, Chairman Mukesh Ambani has toppled Alibaba’s Jack Ma to become Asia’s richest man. Ambani now has a net worth of $44.3 billion (Rs. 3.03 lakh crore). Ma, until now the richest man in Asia, is now valued at $44 billion, $300 million less than Ambani. Ambani’s soaring net…

Maharashtra Government Says Theatres Can’t Stop People From Bringing In Outside Food, PVR Stock Falls 12%

Maharashtra Government Says Theatres Can’t Stop People From Bringing In Outside Food, PVR Stock Falls 12%

By allowing outside food into multiplexes, the Maharashtra government might’ve just eaten multiplex companies’ lunch. PVR’s stock fell 12% today in trade after the Maharashtra government clarified that multiplexes couldn’t prevent customers from bringing their own food into theatres. PVR had been trading at Rs. 1,400 at the beginning of the day, but dramatically fell following the announcement. Its stock now trades at Rs. 1218, a near 13% fall during the day.  The statement that…

Ola Says It’s Now Making Money On Each Ride

Ola Says It’s Now Making Money On Each Ride

It might’ve meant higher fares for customers, and driver strikes across the country, but Ola is finally making money on each ride it provides. “Last week, our India business crossed a major milestone. We are now ENTR positive,” Ola CEO Bhavish Aggarwal wrote in an email to his team late last month, ET reports. ENTR stands for Effective Net Take Rate, and represents the commission that Ola makes on each ride, after adjusting for costs…

Reliance Has Just Become The Second Indian Company To Reach A Market Capitalization Of $100 Billion

Reliance Has Just Become The Second Indian Company To Reach A Market Capitalization Of $100 Billion

Until three months ago, India had no companies that were valued at more than $100 billion. Now it has two. Reliance has become the second Indian company to cross the $100 billion (Rs. 7 lakh crore) market capitalization milestone. Reliance’s stock is currently trading at Rs. 1,090, up 4.48% for the day. This uptick has caused its market cap to push past the $100 billion mark. In April this year, TCS’s market capitalization had crossed…

TCS’s Market Cap Is Now Rs. 2 Lakh Crore More Than Those Of Infosys, Wipro And HCL Tech Combined

TCS’s Market Cap Is Now Rs. 2 Lakh Crore More Than Those Of Infosys, Wipro And HCL Tech Combined

India’s IT industry is seeing a bit of a revival in recent years, but one firm is quickly pulling ahead of the rest.  The market capitalization of TCS is now Rs. 2 lakh crore more than the market capitalizations of Infosys, Wipro, and HCL Tech combined. As of markets close on Wednesday, TCS’s market cap was Rs. 7.6 lakh crore. In comparison, the market capitalization of Infosys was Rs. 2.8 lakh crore, the market capitalization of…

Zomato First Raised Funds After An Investor Used The Site And Cold-Emailed Saying He Wanted To Invest

Zomato First Raised Funds After An Investor Used The Site And Cold-Emailed Saying He Wanted To Invest

Startup fundraising can be an arduous, months-long journey. It normally involves creating PowerPoint slides, wearing suits and ties, and visiting the offices of scores of investors. But if you have a product that an investor ends up using themselves, things can move along a lot faster. Zomato, which was founded 10 years ago yesterday, had raised its first funds after an investor ended up using its site and proactively sent an email saying that they wanted to…

We Hired People Who Thought They Were Product Management Gurus, But They Didn’t Work Out: Binny Bansal

We Hired People Who Thought They Were Product Management Gurus, But They Didn’t Work Out: Binny Bansal

Flipkart has been the fairy-tale startup story, ending up with a $20 billion exit in slightly over a decade of being founded, but that doesn’t mean that there weren’t stumbles along the way.  Flipkart CEO Binny Bansal has finally opened up about some of the employee exits that had made news at the company a few years ago. “We’d hired quite a few people at different levels in the company, and by trial and error we figured out…

Zomato Takes Inspiration From Amazon, Launches Own Loyalty Program With 10% Discounts On Orders

Zomato Takes Inspiration From Amazon, Launches Own Loyalty Program With 10% Discounts On Orders

After trying out discounts, cashbacks, and offers, Indian companies seem to have finally settled on what will retain the fickle Indian customer — loyalty programs. Zomato has become the latest Indian startup to launch its own loyalty program. Called Piggybank, it will essentially provide members with a 10% discount when they order from select restaurants on Zomato. For each order they make on Zomato at any restaurant, members will receive 10% of the order value in…

Reliance’s Jio Institute Has Just Been Declared An “Institute Of Eminence” By The Govt, But It Doesn’t Exist Yet

Reliance’s Jio Institute Has Just Been Declared An “Institute Of Eminence” By The Govt, But It Doesn’t Exist Yet

All the jokes around Idea’s IIN degrees don’t seem so far fetched any more. Something called Jio Institute, run by the Reliance Foundation, has just been declared an “Institute of Eminence” by the government of India. The other institutes that were included in the list are IIT  Bombay, IIT Delhi, and IISc Bangalore, and BITS Pilani and Manipal University among private institutions. But unlike the other 5 institutes, which have a track record of providing high-quality…

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