Jabong’s Biggest Warehouse Gutted In A Fire
Jabong’s largest warehouse, situated in Pataudi on the outskirts of Delhi, has been destroyed in a fire. Initial reports indicate that the fire was caused by a short circuit. There were no casualities.
Author: Bart Eshwar
Bart Eshwar is interested in startups, business and green tea. He is currently nursing an unhealthy obsession with Donald Trump.
Mukesh Bansal, Ankit Nagori Quit Flipkart
There’s going to be one fewer Bansal at Flipkart’s helm. Mukesh Bansal, who heading the commerce and advertising business at Flipkart, has resigned from the company. The move comes weeks after Flipkart’s restructuring in which longtime CEO Sachin Bansal had stepped aside and co-founder Binny Bansal had stepped in his place.
These Are The Top Venture Capital Firms In India
Venture Capital firms now abound, but some are better than the rest. This is a list of the most prolific Venture Capital firms in India over the last year.
PepperTap Shuts Down Operations In 6 Cities, Lays Off 400
After Grofers had pulled out of out 9 cities, and Zomato had suspended operations in 4, PepperTap has now shut down operations in 6 cities. The company shall no longer operate in Ahmedabad, Chandigarh, Mumbai, Kolkata, Chennai and Jaipur.
Facebook’s Free Basics Attempt Foiled; TRAI Rules In Favour Of Net Neutrality
India’s telecom regulatory body TRAI today issued the ‘Prohibition of Discriminatory Tariffs for Data Services Regulations, 2016’ that bars service providers from offerring or charging discriminatory tariffs for data services on the basis of content.
Inshorts: How A Facebook Page Became A 600 Crore Company
It was an ordinary Facebook page, created hopefully like the many thousand others that are created each day on the world’s biggest social network. It didn’t exactly aim to change the world. Its aims were relatively modest – it aimed to provide news updates in 60 words or less.
Three years later, that Facebook page has metamorphosed into a Rs. 600 crore company.
Facebook Says 6 Degrees Of Separation Now Down To 3.5
We always knew that technology was bringing the world together, and now the good folks at Facebook have math to back that up. In a study that the company described as a “monumental task”, Facebook has concluded that the degrees of separation between humans is around 3.57, as opposed to the 6 that has been codified in the popular pharse.
Uber Revises Prices To Conform To Local Factors, To Be Cheaper In Chennai And Kolkata
In a bid to attract more customers, Uber has slashed its fares in Chennai and Kolkata by as much as 25%.
Aamir Khan Loses Snapdeal Brand Ambassador Contract
Aamir Khan is no longer the brand ambassador of Snapdeal. The company had decided to not renew the actor’s contract after it ended on 31st January. According to reports, Snapdeal will not be looking for a replacement for Khan as it tightens its purse strings to cut down on its losses.