It’s the season of markdowns. After Flipkart has seen its valuation being marked down by as many as 4 separate investors, HSBC has valued Zomato at about $500 million, a full $500 million short of the $1 billion valuation at which it had raised funds last year.
After lots of small startups had proliferated the Indian hyperlocal services space, the biggies are now coming in in droves. After Quikr had launched its hyperlocal arm, and Facebook had made a bold play in the space, India’s 2nd biggest e-commerce company, Snapdeal, has launched its own version of hyperlocal services.
If cabs can do it, why should food startups be any different? In what is possibly a first for the food delivery industry, Swiggy is now charging surge prices for certain orders.
The European Central Bank (ECB) has decided to discontinue production and issuance of its highest denomination note, the 500 euro.
Companies like TCS, Infosys and even Google are taking charge to encourage reduction of food wastage by employing simple, but effective messages, looking to encourage minimal food wastage.
A recent report found out that as many as 5% of UK employers give their pet-owner employees what’s adorably called “Paw-ternity leaves”. The leaves can be taken by new pet owners to spend time with their new family and carry out all the responsibilities associated with getting one.
The Maharaja is smiling. Air India, after a whole decade of consistent losses, has finally registered an operating profit this year.
Nearly 100 Ola drivers have been protesting at the company’s office in Chennai. The drivers are unhappy with Ola’s policies which have recently come into effect.
10 year old Jani, a Finnish resident found a bug in popular photo sharing app Instagram where anyone could delete comments. Jani is a coding enthusiast and thanks to an early start is quite the whizkid. Jani immediately emailed Instagram to inform them about the bug and not in vain. After a few days, Instagram accepted the bug and as a bug bounty offered to reward the boy $10,000.