Uber has grown at a astonishing pace to be worth $50 billion within 6 years of its inception, but its rise has been against fearsome odds, the most prominent of which has been the resistance of traditional taxi drivers whose services they have tried to disrupt. From the US to France to India, taxi unions have attempted to thwart the cab hailing company’s rise, with mixed results.
Amit Bhawani wanted to solve a $100 billion problem that had been vexing business insiders, industry watchers and casual consumers alike. He wanted to get a handle on the e-commerce space in India and understand which of the two stalwarts, Amazon and Flipkart, was doing better. He chose a rather unconventional way to go about this. Instead of poring over balance sheets and decoding graphs with GMV figures, he went straight to the consumer – he set up www.FlipkartVsAmazon.com.
In order to make this a sustained push in business growth, it is imperative that businesses across the country collaborate and harness synergies. The Economic Times Business Knights conclave is intended to bring together business leaders and the finest business minds to ideate, conceive and deliberate on challenges and provide direction for strategic & progressive growth.
Amazon is moving to the streets and towns of India to convince businessmen to sell through its platform. And the Seattle-based company’s latest acquisition push for sellers has a distinctly Indian whiff to it – it’s trying to woo people with hot cups of chai.
Burger King, through a series of ads placed in major news papers in the US has called on rival McDonalds to create a “McWhopper”
In a shocking and chilling turn of events in the USA, a black man fatally fired at two of his ex-colleagues, live on camera when the latter were shooting for a live show for the channel WSDJ.
Flipkart, which had earlier this year created ripples in the e-commerce world by announcing it would shut down its website and move to an app-only model, has decided to put its plans on hold. The decision has been taken in part because the company is yet to assess how the move would impact sales in big-ticket purchases such as large appliances and furniture.
US crude oil prices broke the $40 barrier on August 21, 2015 for the first time since 2009. Latest data indicate a further rise in US drilling rigs and a drop in Chinese manufacturing.
Snapdeal has had an eventful year. It has been growing at a frentic pace, having raised its headcount by 5 times and building a swanky new office in Gurgaon. Its valuation has increased from $2 billion to a cool $4.7 billion. But worryingly, the company has also seen a corresponding increase in its losses – Snapdeal incurred a loss of Rs. 1350 crore over the past year, a five fold increase over its loss of Rs. 264 crore last year.