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.
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.
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.
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.
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.
The most valuable company in the world has had an incredible few years. It’s broken records year quarter after quarter, and its earnings and stock price have soared. But this quarter was different.
In a sign of India’s growing prominence as a market for Amazon, its India MD, Amit Agarwal has found a place in CEO Jeff Bezos’ core team.
Uber’s been in the eye of a storm recently over the government’s intervention in its operations. But a recent Uber response to a customer complaint could throw some interesting insights into the matter.
It’s the question on which the dreams of a thousands of Indians startups rest, but at least the government seems to be on their side. Niti Aayog CEO Amitabh Kant thinks that brick and mortar stores will be dead by 2023, and e-commerce firms will come in and take their place.