Sellers On Amazon Can Purchase Fake Reviews For Around 15 Euros Each: Report

Sellers On Amazon Can Purchase Fake Reviews For Around 15 Euros Each: Report

According to a Daily Mail investigation, sellers on the online platform Amazon are purchasing fake reviews for around 15 euro each (about Rs 1,200).  It is reported that the companies selling fake reviews rely on an army of ‘testers’ who buy the products to post the four and five-star reviews online. By buying the products, the testers ensure that the reviews they post get classified as ‘Amazon Verified’ purchases. The testers get the refund for…

Bengaluru Is India’s Highest Paying City, Says Randstad 2019 Report

Bengaluru Is India’s Highest Paying City, Says Randstad 2019 Report

According to Randstad Insights Salary Trends Report, 2019, Bengaluru remains India’s highest paying city for the third year in succession. The average annual cost to company (CTC) in the city for talent across junior level stood at Rs 5.27 lakh, Rs 16.45 lakh for mid-level and Rs 35.45 lakh for senior level. The second and third places were taken by Hyderabad and Mumbai for junior level roles, Mumbai and National Capital Region (NCR) for mid-level roles…

Delivery Hero To Buy South Korea’s Woowa for $4 Billion 

Delivery Hero To Buy South Korea’s Woowa for $4 Billion 

  It is the world’s biggest food delivery app deal. Germany’s Delivery Hero has agreed to buy its South Korean rival top food delivery app operator Woowa Brothers for US $ 4 billion and form a joint venture. Founder and CEO of Woowa, Kim Bong-Jin, 43, will head the newly formed venture.  Woowa Brothers was established in South Korea in 2010 as a food delivery firm. It grew fast to become the country’s top online…

Facebook, Google No Longer Among Top 10 Best Places To Work: Glassdoor’s 2020 List

Facebook, Google No Longer Among Top 10 Best Places To Work: Glassdoor’s 2020 List

  The times in Silicon Valley, they are a changin’.  According to annual rankings released by Glassdoor, Silicon Valley giants Facebook and Google no longer occupy positions among the top ten places to work in the United States. While Google has slipped to the number 11 position, Facebook – which was rated the best place to work three times in the last ten years – has been relegated to number 23. Google, which occupied the…

Ratan Tata Has Shared A Startup Pitch Deck Template For Entrepreneurs On Instagram

Ratan Tata Has Shared A Startup Pitch Deck Template For Entrepreneurs On Instagram

Ratan Tata might be 81, but he sure is keeping up with the times.  Ratan Tata had created a bit of a social media splash last month after he’d joined Instagram. Like any other self-respecting Instagram celebrity, he’d thus far been sharing pictures with his dog, throwback pictures of his time as a student, and even a picture with JRD Tata. But now he’s gone ahead and done something that isn’t all that common on…

500 Indian Startups To Get $250,000 From WhatsApp As Facebook Ad Credits

500 Indian Startups To Get $250,000 From WhatsApp As Facebook Ad Credits

WhatsApp has taken its initiative to support Indian startups another step forward. The Facebook-owned company has announced an investment of $250,000 worth ad credits into the Indian startup ecosystem to help entrepreneurs better connect with customers and grow businesses. The amount would be given to 500 startups approved by the Department for Promotion of Industry and Internal Trade (DPIIT). According to a statement issued by the company, each startup would get $500 (about Rs 36,000)…

Patanjali Appears To Be Rising Once Again, Reports Highest-Ever Revenue For HY 2019-20 

Patanjali Appears To Be Rising Once Again, Reports Highest-Ever Revenue For HY 2019-20 

Until a few years ago, Patanjali was the rising star on India’s FMCG space. With revenues of over Rs. 10,000 crore, it had shot past incumbents like ITC Consumer and Godrej, and had its eyes trained on the top spot. Its astonishing growth had also led to some bold pronouncements  — Patanjali could soon annouce its IPO, Baba Ramdev had hinted, and Patanjali had planned to expand into other verticals, including fashion. But the fairytale growth story…

AB Idea Payments Bank To Be Liquidated

AB Idea Payments Bank To Be Liquidated

The curtains have finally come down on the young Aditya Birla Idea Payments Bank Ltd (ABIPBL) with the Reserve Bank of India (RBI) issuing a notification for its liquidation.   The notification of November 18, 2019 mentions that on a voluntarily winding up application by ABIPBL, the Bombay High Court has passed an order on September 18, 2019, appointing a liquidator for the bank. Shri Vijaykumar V Iyer, Senior Director of Deloitte Touche Tohmatsu India LLP…

The World’s Biggest IPO By The World’s Most Profitable Company Opens Today 

The World’s Biggest IPO By The World’s Most Profitable Company Opens Today 

  Chinese e-commerce giant Alibaba is likely to be dethroned as the company with the biggest IPO (initial public offering) ever, a position it has held for over five years. Saudi state-owned oil giant Aramco – the world’s most profitable company – is coming out with its IPO today, November 19, 2019. In September 2014, Alibaba raised US$ 25 billion from its IPO. Today, Aramco is selling 1.5 per cent of its holding, that is,…

Chinese Companies Now Control 70% Of India’s Smartphone Market

Chinese Companies Now Control 70% Of India’s Smartphone Market

The dragon has firmly cast its stranglehold over the Indian smartphone market. Chinese handset makers Xiaomi, Vivo, Realme and Oppo control, between themselves, about 68% of the market share as per figures of Q3 2019 released by an IDC quarterly mobile tracker report. Xiaomi occupied the number one position in the Indian smartphone market with a 27% market share. Its models Redmi 7A, Redmi Note 7 Pro and Redmi Note 7S were the best selling smartphones…

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