In a bid (pun unintended) to recover a small part of their pending loans from Vijay Mallya who’s defaulted loans to the tune of 9000 crores, SBI had decided to auction his Mumbai home. The base price was 150 crores and the auction lasted for over hour 4 hours. However, unlike other auctions, there was not a single bid in this one.
Real estate portal Commonfloor that was acquired by Quikr, after months of dilly-dallying, has finally dealt a harsh blow to the 100 employees who have been laid off. Allegedly, post Quikr acquisition the employees could not be absorbed at Quikr and the company had started the process of letting them go since Feb.
An employee at IBM India quit his job with a stinker of an email targeted to call his managers out. In his farewell email, not only does he not make any bones about his real reason for leaving, but also openly and brutally castigates his managers at IBM.
Joining the league of startups invoking a “I would love to work there” feeling, is, the customer service and helpdesk management startup Freshdesk’s new office in Chennai. Apart from seriously contemporary international furniture and fixtures, the office boasts of free food, a gym, a table tennis & foosball room and a mini golf course as well. The office is a 60,000sqft addition to an existing office of the same size, also in Chennai and is the 9th Freshdesk office in Chennai. Here’s a glimpse of this beautiful, kaleidoscopic office.
India’s largest ecommerce retailer Flipkart has invested Rs. 338 crores into its own fashion arm Myntra according to the registrar of companies.
Looking to capture a bigger pie of Indian ecommerce that extends beyond retail, Snapdeal has now integrated APIs of Zomato, Redbus and Cleartrip respectively. With this integration, a user can now book bus tickets, order food and make travel arrangements, other than shopping on Snapdeal’s etail platform, all on the same app.
Commutech startup has chosen Bengaluru, India to open its first engineering centre in Asia. India is the 2nd biggest market and the largest growing for Uber and an engineering base in the Silicon Valley of India would be crucial to the company’s operations and fixing India specific problems.
A week after Diageo settled on a golden handshake with former UB Spirits owner and billionaire Vijay Mallaya and settled on a $75 million payment for him to leave the company, the liquor has pulled a fast one on all the banks he owes over 7000 crores in debt to.
Fifteen years after hundreds of factory workers suffering from mercury poisoning from a thermometer producing unit of Hindustan Lever petitioned against the company, justice has been served.
The FMCG giant has finally agreed to pay 591 victims of mercury poisoning on “humanitarian grounds.”