Pepperfry, one of the leading online furniture retailer companies in India, raised a whooping USD 100 million as their fourth round of investment from Goldman Sachs, Zodius Technology Fund, and their existing investors Bertelsmann India Investments and Norwest Venture Partners.
Pranoti Nagarkar, an Indian born Singapore resident and inventor of Rotimatic – an automated device for making roti in one minute, received a second round investment of $11.5 million, a media report said.
China and India, with 25 and 10 companies respectively, account for 70 per cent of the companies listed in the Forbes Annual Honour Roll of Asia-Pacific’s best exchange-listed big companies.
TERI Director General R K Pachauri has been eased out as Director General following accusations of harassment. Ajay Mathur, presently Director General of Bureau of Energy Efficiency (BEE) has been appointed in his place.
For the third straight day today, gold has remained below $1,100 per ounce, a level last touched in March 2010.
Prices could fall below US$ 1,000 for the first time since 2009, according to Goldman Sachs. Morgan Stanley reports that in the worst-case scenario it may tumble to US$ 800.
What has been driving this decline? Here are four reasons that economists believe are causing this fall.
Earlier this month, Flipkart had announced a hitherto-unseen innovation in the Indian e-commerce space – image search. With this feature, users can simply take a picture of clothes that catch their fancy, and Flipkart would automatically display items from its catalogue that look similar to the article of clothing that’s been photographed.
Phone maker Blackberry now has only 0.3% of the smart phone market share in the world, down from 0.5% a year ago. At this level, it stands a distant fourth behind Android, iOS and Windows at 78%, 18.3% and 2.5% market share respectively.
The Indian government is going to lend a helping hand to for you to find a job. It has launched a National Career Service portal at www.ncs.gov.in.
In what is probably a huge and a bold move by a company of its size, US based consulting company Accenture is eliminating annual performance appraisal reviews come September.