Time’s annual list that chronicles the most influential people across the world is out, and the Indian startup ecosystem has a reason to rejoice. Sachin Bansal and Binny Bansal, the founders of India’s most valuable startup, Flipkart, have found their place amongst the world’s top luminaries, which include Mark Zuckerberg, Tim Cook and Donald Trump.
The battle for the supremacy in India’s e-commerce market has just been taken into the courtroom. Paytm has filed a lawsuit against Snapdeal-owned company…
The world is going local. You could be sitting in the remotest parts of the world, while working for a company located on the other side of the globe. The internet and allied technologies have well and truly enabled even the smallest of entrepreneurs and professionals go global. Using global services like AirBnB, Uber and Etsy are possible today and collaboration across continents, countries and cities has never been this smooth.
Lucky Gupta, a techie from Hyderabad committed suicide yesterday after his social networking he’d been working on for over a year failed to take off. He used nitrogen gas to kill himself painlessly.
Arvind Kejriwal, meanwhile, has come out strongly against his detractors. In a characteristically blunt Facebook post, the Delhi Chief Minister minced no words while speaking out against surge pricing. Kejriwal also alleged that a “media house” that was criticising his move has a vested interest in the matter.
The Delhi government had yesterday announced that it had banned surge pricing in the city, and it seems to be quite serious about implementing its ruling. 18 cabs belonging to Uber and Ola were impounded in the city today for overcharging customers.
Sequoia India’s Bangalore’ Office was raided on Monday night by officials from the Enforcement Directorate.
While Bangalore’s taxi aggregators are continuing to charge surge pricing rates despite a government order, it turns out that there’s now a way to get a refund – complaining to customer care.
After Delhi’s population had complained of prices that were 3-4 times the normal fare, Chief Minister Arvind Kejriwal had warned Uber and Ola of “strict action.” His action seems to have worked, and barely a day later, Uber has withdrawn surge pricing.