TCS has been fined $940 million, or Rs. 6,100 crore, by a jury in the US on the charges of stealing healthcare software from an American healthcare company. This is one of the most serious verdicts ever handed down on an Indian company abroad.
Vehicles belonging to Ola and Uber have been seized in Bangalore for continuing to apply surge pricing rates. Rame Gowda, the commissioner of transport and road safety, said that more than 30 vehicles have been impounded and operations against the two companies are continuing.
Paytm is planning to launch public Wifi hotspots which will allow people to access their Paytm accounts when they’re on the move.
Facebook founder Mark Zuckerberg had been very public about his wife pregnancy and the impending birth of his daughter. He’d been posting updates and pictures, and the world had gushed at the arrival of the first infant of the tech world. However, an Indian student had been following the developments with completely different aims in mind, and now he’s made bank.
Businesses are often accused of copying images, content, designs, and sometimes the entire business models. But sometimes you can get called out for copying another website’s privacy page of all things.
In a Twitter post, Pramod Rao, Zomato’s head of marketing, today called out Burrp, one of India’s first restaurant review and lifestyle websites, for having copied its entire privacy page. How did Zomato know? The copy was such a shoddy job that Burrp managed to copy a link to Zomato’s website as it is.
Punit Soni, after a protracted period of speculation, has finally quit Flipkart. He’s sent a farewell mail to senior management to this effect, and Friday will be his last day at work. An OfficeChai source has seen a copy of the email.
WebEnage’s success shows Indian B2B startups are slowly coming of age. They’re making inroads into international markets, and away from the attention and the hype, building some solid businesses.
After American ecommerce giant made its India debut in 2013, and Chinese giant Alibaba made strategic investments in the country before announcing to open operations in India, now it’s Japanese ecommerce biggie Rakuten that has its eyes set on India.
The Indian startup ecosystem is normally a friendly place. People offer each other tips, share insights and generally have each other’s backs and the whole startup fraternity seems to be one big back-slapping family. But when there’s intense competition and big money at stake, the niceness is sometimes cast aside and bitter rivalries surface. And even as some of these are pushed under the carpet, sometimes the founders decide to make it public.
Here are the top 11 times when the things got a bit heated in the Indian startup ecosystem.