Air India Reports A Profit For The First Time In 10 Years
The Maharaja is smiling. Air India, after a whole decade of consistent losses, has finally registered an operating profit this year.
Author: Bart Eshwar
Bart Eshwar is interested in startups, business and green tea. He is currently nursing an unhealthy obsession with Donald Trump.
Ola Drivers Protest In Chennai Over Reduced Incentives
Nearly 100 Ola drivers have been protesting at the company’s office in Chennai. The drivers are unhappy with Ola’s policies which have recently come into effect.
Flipkart’s Valuation Cut By Two More Investors
It’s getting increasingly likely that Flipkart isn’t quite worth the $15 billion it was last year. After Morgan Stanley had marked down its shares by 27%, and T Howe had snipped its valuation by 15%, two mutual firm investors have now valued Flipkart at less than the $15 billion valuation it enjoyed in August last year.
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.
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.