Juggling motherhood and career gets easier now. Netflix, the American on-demand video streaming company, announced a new policy of unlimited maternity and paternity leave for the first year after a child’s birth or adoption.
FabFurnish.com has fired at least 50 employees, or about a fourth of its workforce. It is vacating warehouses as part of a business restructuring. The online furniture seller is changing its model and laying off employees at various levels. The company said it has “undertaken a resource optimisation exercise” and is “hiring a talent pool ideal for our new business positioning”.
Barely a couple of days after hotel aggregator Oyo Rooms raised $100 million from Softbank, fierce rival ZO has raised $30 million from existing investors, Tiger Global Ventures and Orios venture partners.
Telangana Govt. takes a leap towards digital empowerment under ‘Digital Telangana’ initiative of Chief Minister K. Chandrasekhar Rao, as it aims to provide internet connectivity to all the 8.5 million households of the state by the end of this year.
Nestle India, facing trouble for the last several weeks over the ban on its popular Maggi noodles, has got major relief today. The Food Safety and Standards Authority of India (FSSAI)- approved laboratory of Central Food Technological Research Institute (CFTRI) has found Maggi noodles to be in compliance with the country’s food safety standards.
While Flipkart’s delivery boys are on strike demanding more uniforms and better toilet facilities, the white collared employees at the company have more cause to cheer. After coming up with a spanking new office and announcing revolutionary maternity benefits and perks for employees adopting children, Flipkart today announced generous new leave policies that would allow employees greater freedom in choosing their times off.
India is set to produce at least a dozen of billionaires and list of millionaires by 2020, thanks to the glory of country’s startup scene particularly in e-commerce, financial service and other tech driven sectors, an Assocham study reported.
After PwC (Price Waterhouse Coopers), the Hay Group is now planning to incubate startups in India, according to media reports. The US-based global consultancy firmplans to incubate 100 startups, mentoring them without directly investing money. It would help selected startups deal with all the challenges they face, from fundraising to firming up their growth strategy to attracting suitable talent, all without charging any fees.
Hundreds of delivery workers of working Flipkart and its subsidiary Myntra have gone on strike in Mumbai demanding toilet facilities at delivery hubs, proper working hours, extra allowances for overtime, a six-day week, uniforms and proper work schedules. Reports state that workers claimed 10,000 packages are pending for delivery due to the strike.