2016 might’ve been a seminal year for Zomato as it entered the food ordering business, but the move has come with a price. The company’s losses have more than trebled to Rs. 492 crore for the year ending March 2016.
Flipkart’s proposed plan to delay the joining dates of its fresh graduates hasn’t gone down well with India’s top B-school. IIM Ahmedabad has sent a strongly worded email to Flipkart CEO Binny Bansal asking him to guarantee that their graduates will have a job when the date of joining is finalized.
FreeCharge COO Govind Rajan has been named the CEO of the company. Kunal Shah, who had founded FreeCharge in 2010 and had been the CEO since then, will now serve as the Chairman.
According to a report by Bloomberg, India’s Foreign Investment Promotion Board has ruled Apple can’t set up its own retail stores in India.
Snapdeal Chief Product Officer Anand Chandasekharan has quit the company. This was announced by Snapdeal co-founder Rohit Bansal on Twitter.
Sikkim may not have a burgeoning food delivery startups scene or a throbbing pub culture, but that doesn’t stop the state from taking all measures to go eco friendly.
For effective waste management in an eco-friendly manner, the Sikkim government has restricted the use of mineral water bottles in government programmes and banned the use of foam food containers all over the state.
In a surprise move, Flipkart has delayed the joining dates of its batch of incoming graduates by upto 6 months. This means that the campus hires that Flipkart had made last year who were supposed to join in June this year will have to wait till December before they can join the company.
Two-year old food tech startup TinyOwl has announced closing shop in all markets except Mumbai. This follows close on the heels of rumours of its merger with Roadrunnr.
In a landmark move, the Delhi government has officially released a policy allowing private bus players to ply in Delhi NCR area. The policy attributes the “dangerous rising” pollution levels in the city and growing dependence on private vehicles, as the reason for a change and hence a new policy that allows for private players in the buses segment.