How’s Infibeam Doing Since Its IPO?
Under the harsh scrutiny of the bourses, it was expected that Infibeam’s IPO would provide signs as to what the markets really thought of the Indian e-commerce sector.
Author: Bart Eshwar
Bart Eshwar is interested in startups, business and green tea. He is currently nursing an unhealthy obsession with Donald Trump.
The Final Nail In The App-Only Strategy: Myntra To Relaunch Desktop Website On 1st June
It had been one of the most debated topics in tech circles last year. It had stirred debate, drawn discussions and polarized people. But it looks like the subject has finally been put to rest. Myntra will relaunch its desktop site that it had shut down in May last year.
Uber & Ola Bring Back Surge In Delhi; CM Warns Of Strict Action
Uber and Ola had suspended surge pricing in Delhi after the Delhi government’s directive, but it looks like it’s back. On the first day of the diesel car ban in Delhi, both Uber and Ola have resumed surge prices to the capital.
Jabong’s Parent Company Secures EUR 300 million from Rocket Internet And Others
Jabong’s parent company, Global Fashion Group, has secured a $346 (EUR 300m) million from Kinnevik and Rocket Internet. While Rocket Internet will underwrite around EUR 100 million of the financing, it will invest around EUR 85 million including the conversion of an existing investment at the terms of the financing.
Goodbye HMT: Company’s Last Surviving Factories Shut Down
It’s a sign on the changing times. HMT, one of India’s most beloved watchmakers, has finally shut down its last factory in Tumkur. With it, HMT watches, once a staple for young men across the country, will become a thing of the past.
Shocker: Just 1% Of Indians Pay Taxes
They say that whatever happens, you can’t escape death or taxes. But that doesn’t seem to hold for 99% of India’s population.
Uber Is Suing Ola For $7.5 Million Over Fake Bookings
In addition to the roads in the cities around India, Uber and Ola will now battle it out in the courtroom. Uber has sued Ola for $7.5 million for trying to sabotage its platform by repeatedly making fake bookings and then immediately cancelling them.
Facebook Spends Rs. 7 Lakh A Day On Mark Zuckerberg’s Security
In his grey T-shirts and faded jeans, Mark Zuckerberg can come across as the boy next door. But he’s not a boy next door at all. He’s the founder and CEO of one of the most powerful companies in the world. And with his VVIP status, comes an elaborate security detail.
Narayan Murthy’s Letter To His Daughter Is Essential Reading
Murthy is also very private, and little is known about his personal life. But he’s offered a glimpse into his family life in an open letter to his daughter. He letter talks about her upbringing, the family’s struggles when they didn’t have enough money, and has sage advice that shall resonate with all young Indians.