Commutech startup has chosen Bengaluru, India to open its first engineering centre in Asia. India is the 2nd biggest market and the largest growing for Uber and an engineering base in the Silicon Valley of India would be crucial to the company’s operations and fixing India specific problems.
Indian starups, having made their marks on their home turf, are now slowing eyeing foreign lands. After Practo had expanded into Indonesia and Singapore, and Oyo had opened its first international hotel in Kuala Lampur, Rebus is now planning to expand to as many as four countries in South and South East Asia.
A week after Diageo settled on a golden handshake with former UB Spirits owner and billionaire Vijay Mallaya and settled on a $75 million payment for him to leave the company, the liquor has pulled a fast one on all the banks he owes over 7000 crores in debt to.
Fifteen years after hundreds of factory workers suffering from mercury poisoning from a thermometer producing unit of Hindustan Lever petitioned against the company, justice has been served.
The FMCG giant has finally agreed to pay 591 victims of mercury poisoning on “humanitarian grounds.”
Nine months after the Housing board had fired CEO Rahul Yadav under dramatic circumstances, cofounder Advitiya Sharma has announced that he’s quitting the company. During Yadav’s tenure, Sharma was seen has the public face of the company, making numerous appearances on television as he talked about the prospects of Housing.
Uber’s made the process of getting around really easy, but it could now help you find investors for your next startup. With UberPITCH, the company is trying to connect startup founders with venture capitalists and mentors.
Paytm CEO Vijay Shekhar Sharma has been known to speak his mind. “In this country, there’s no f*cking better brand than us!”, he’d roared at a Paytm party recently, before claiming that his company had achieved numbers in 2 years that others took 5 years to reach. It had seemed a dig at Flipkart and Snapdeal then, but now it turns out that he really doesn’t think very highly of these companies.
If you think Facebook is secure and all your private moments are all yours and your near and dear ones’ to enjoy and cherish, think again. A Bangalore based techie has just reported a bug to Facebook, which if left untreated could hack into millions of personal data [and deprived its reporter of a huge bounty!]
In a move that’s likely to delight its women employees more than any women’s day campaigns or discounts can, ICICI has just announced a Work From Home For A Year option for its women employees. The initiative has been rolled by Chanda Kochhar, CEO ICICI bank and a prominent woman in Indian business.