In A First, Mobikwik Offers 6% “Profit” On Wallet Amounts
Mobikwik has announced that its users can earn “6% annual profit” on their wallet balances. The profit, or interest, will be credited monthly into user accounts.
Category: News
L&T Infotech Withdraws 1500 Job Offers, Students On Hunger Strikes
In what seems to be current wave in the Indian jobs, as many as 1500 job offers extended to campus graduates were withdrawn by L&T Infotech.
Close on the heels of Flipkart, that deferred the joining date of upto 80 campus hires by 6 months, infrastructure giant L&T Infotech has withdrawn job offers for 1500 students. The distraught students were seen protesting around the L&T campus and have reportedly gone on a hunger strike.
Musigma Founders Dhiraj Rajaram And Ambiga Dhiraj Divorced
MuSigma founders Dhiraj Rajaram and Ambiga Dhiraj Rajaram have divorced. Dhiraj Rajaram had founded the company in 2004 and his wife Ambiga Dhiraj had been an intergral part of its operations.
Breaking: Karnataka Govt. Asks Uber, Ola To Stop Operations With Immediate Effect
The Karnataka transport department the department has issued a circular stating that the aggregators who are operating un-licensed cabs in the city will have to stop operations with immediate effect.
France Makes It Illegal To Email Employees After Work Hours
This is work-life balance like you’d have never imagined. France has passed a new law that makes it illegal for companies to send emails to employees after work hours.
Paytm CEO Burns Flipkart After It Delays The Joining Dates Of Its Campus Hires
If rubbing salt into one’s wounds could have a physical manifestation, this has to be it. Paytm CEO Vijay Shekhar Sharma has magnanimously announced that their company would be happy to take on the graduates who’d been left in the lurch after Flipkart delayed their joining dates.
Morgan Stanley Cuts Flipkart’s Valuation Again; Now Values It At $9.39 Billion
Flipkart’s valuation has been cut by Morgan Stanley for the 2nd time this year. After it had marked down the value of its shares in Flipkart by 27% in March, the firm has again marked down its shares by 15.5%, valuing Flipkart at $9.39 billion.
Forbes List Of World’s Largest Companies: Where Does India Stand?
India may be aiming to be a global business power in the years to come but the latest (2016) annual list of the world’s 2,000 largest and most powerful companies released by Forbes reveals that it has miles to go.
This Is The Full Text Of The Letter IIM Ahmedabad Sent To Flipkart
Flipkart announced last week that it was postponing the joining dates of IIM students that it had selected through campus placements. IIM Ahmedabad’s…