On Friday, the finance ministry of India, announced the new interest rates for many government savings schemes in India, including the most popular investment option, the PPF or Public Provident Fund. With the announcement, the interest rate for the PPF has gone down from 8.7% to 8.1%.
When a brand is all about making beautiful things, it is expected that their office is a reflection of their product. Design is in Chumbak’s DNA and their office is proof. Located in the bustling, posh locality of Indiranagar in Bangalore, Chumbak’s flagship store also houses their corporate office on the upper floors. The office is all that you’d expect a Chumbak space to be, and more. There’s a splash of colours, a lot of kitsch and there’s never a dull moment. The culture in the office fosters creativity, openness, and a lot of great work.
Looking to capture a bigger pie of Indian ecommerce that extends beyond retail, Snapdeal is reportedly in talks with commutech giant Uber. If the partnership goes through, Snapdeal customers will be able to book an Uber ride through the Snapdeal app.
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.