Inside NBA’s Interactive, Basketball-Themed Office In Mumbai

Inside NBA’s Interactive, Basketball-Themed Office In Mumbai

When one thinks about sport in India, it’s often hard to think beyond the national pastime — cricket. But over the years, many other sports are slowing making their way into the country. And they’ve got some fancy launchpads from which they’re building their bases. The National Basketball Association, or the NBA, has a new office in Bandra Kurla Complex in Mumbai which serves as the headquarters for its operations in India. Spread over 6,000…

How To Start An Online Business And Make it Successful

How To Start An Online Business And Make it Successful

It might seem daunting to start a business, but in this digital age, it’s easier than ever before. In the 21st century, starting a business isn’t as risky, or as time-consuming as it once was. Anyone can start something on the side, and make some money. You don’t need to quit your job to start — all it takes is some initiative, some smarts, and some courage, and with a little bit of luck, you…

Paytm, Ola Launch Credit Cards As Indian Tech Unicorns Make Big Fintech Push

Paytm, Ola Launch Credit Cards As Indian Tech Unicorns Make Big Fintech Push

Indian unicorns, no matter which sector they operate in, are making a beeline for fintech. Paytm and Ola have both launched their own credit cards this week, marking their formal entry into the lending and credit space. Paytm’s card, called Paytm First, has been launched in partnership with Citi, while Ola has launched a card in partnership with Visa and SBI. Last October, Amazon had launched a co-branded card in association with ICICI. Flipkart too…

Paytm Mall Investigating Fraud Around Its Cashback Schemes, Several Employees Fired

Paytm Mall Investigating Fraud Around Its Cashback Schemes, Several Employees Fired

Over the years, Paytm has been fighting to prevent cashback fraud perpetrated by its customers. Now it seems to have had to fight cashback fraud perpetrated by its own employees. Paytm Mall is investigating a cashback fraud involving some of its employees and merchants, Mint reports. Some Paytm Mall employees allegedly worked with third-party vendors and created fake orders to siphon off cashback offers. Paytm has engaged consulting major EY to audit the fraud. The…

Hotstar Sets New World Record For Most Simultaneous Users For A Live Event During IPL Final

Hotstar Sets New World Record For Most Simultaneous Users For A Live Event During IPL Final

Put together 1.3 billion people, dirt cheap internet plans, and a nationwide love for cricket, and what do you get? World records, of course. Hotstar has set a world record for the most number of people that were watching a live event on a streaming service. Yesterday’s IPL final between the Mumbai Indians and Chennai Super Kings at one point drew 18.6 million simultaneous users on its service. Hotstar thus comprehensively broke its own record…

Reliance Has Acquired UK-Based Toymaker Hamleys For Rs. 620 Crore

Reliance Has Acquired UK-Based Toymaker Hamleys For Rs. 620 Crore

After building interests in everything from crude oil refining, retail, media properties, a cricket team, and India’s youngest telecom company, something new has caught Mukesh Ambani’s fancy — toys. Reliance has acquired iconic British toy retailer Hamleys, the company said on Thursday. Reliance, through its subsidiary Reliance Brands, will now own a 100% stake in the British company in exchange for 68 million pounds (Rs. 620 crore). In India, Reliance is already the master franchise for Hamleys…

Arnab Goswami’s Republic TV Is Now Valued At Rs. 1200 Crore

Arnab Goswami’s Republic TV Is Now Valued At Rs. 1200 Crore

Arnab Goswami had first made his name through TV news, but he seems to be doing just as well in the entrepreneurial arena as he did in journalism. Goswami has bought back shares of Republic TV from Asianet, which will allow him to regain control of the channel he’d founded in 2017. The repurchase of shares will allow Goswami to put Republic TV on track to becoming an Editor-run news channel. More significantly, the two year…

IIT Kharagpur Alum Ajit Jain Could Succeed Warren Buffett At Berkshire Hathaway

IIT Kharagpur Alum Ajit Jain Could Succeed Warren Buffett At Berkshire Hathaway

There could soon be yet another Indian CEO heading a US-based multinational giant. Ajit Jain, who’s currently the Vice Chairman of Insurance Operations at Berkshire Hathaway, is a prime contender to take over from Warren Buffett as CEO after Buffett’s retirement. The announcement was made by Buffett himself at Berkshire Hathaway’s shareholders meeting, when he said that Ajit Jain and Gregory Able, who were both promoted last year to the board of directors, would in the…

How The Creator Of Nike’s Logo Was Paid Just $35 For Her Work, But Ended Up Becoming A Millionaire Anyway

How The Creator Of Nike’s Logo Was Paid Just $35 For Her Work, But Ended Up Becoming A Millionaire Anyway

If you happen to pick the right gig, working for just 17.5 hours can make you more money than most people make in their careers. In 1971, Carolyn Davidson was a graphic design student at Portland State, when she met a man who was teaching accounts at the same university. The man, who was named Phil Knight, wasn’t a full time accounts teacher — he was also running a shoe company on the side. He learnt that…

These Are The Extraordinary Returns That Early Investors Will Make From Uber’s IPO

These Are The Extraordinary Returns That Early Investors Will Make From Uber’s IPO

Startup investments aren’t for the faint of heart — a large percentage of startups never really take off, which means that early investors often lose their shirts. But when startups do take off, startup investments can generate some very lucrative returns.  And when you’ve invested in the most valuable startup in the world, the returns can be something to behold. Uber is going public next week, exactly a decade after it was founded. And with…

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