India’s Budget Hotels Are Considering Taking Oyo To Court For Its Predatory Pricing

India’s Budget Hotels Are Considering Taking Oyo To Court For Its Predatory Pricing

Oyo might now be worth $5 billion, valued more than the Taj Group, and the toast of India’s startup ecosystem, but not everyone’s pleased with its meteoric rise. India’s budget hotels are coming together to consider legal action against Oyo’s predatory pricing, ET reports. “Oyo has disrupted the entire market drastically,” said Budget Hotel Association of Mumbai president Ashraf Ali. “Rooms that we used to sell for Rs 2,000-2,500 are now being sold for Rs…

PM Modi’s App Learns From Startups, Uses A Referral Code Growth Hacking Program To Collect Donations

PM Modi’s App Learns From Startups, Uses A Referral Code Growth Hacking Program To Collect Donations

The jury might be out on how much India’s startups have benefited from Startup India, but the government sure seems to have learnt a thing or two from India’s startups. PM Modi’s Narendra Modi app, which has over 5 million installs and an overall rating of 4.6, is using referral codes to growth hack its way towards collecting donations for the party. Anyone making a micro-donation through the app — a sum between Rs. 5 and…

The Value Of Paytm’s Shares Has Risen 60% In Six Months In The Unofficial Markets

The Value Of Paytm’s Shares Has Risen 60% In Six Months In The Unofficial Markets

India’s stock markets haven’t been having the best time of late — the Nifty had touched a lifetime high of 11,700 in September, before crashing nearly 15% in the following months, and sectors like NBFCs and banks have also bled. But amidst all this, an unlisted stock has been doing pretty well for itself. The value of Paytm’s parent company One97’s shares have risen 60% in the unofficial stock markets, brokers have told ET. “Shares…

Wipro Chairman Azim Premji Has Been Awarded France’s Highest Civilian Honour

Wipro Chairman Azim Premji Has Been Awarded France’s Highest Civilian Honour

India’s IT czars haven’t only made a name for themselves in their home country, but are also winning accolades abroad. Wipro founder and Chairman Azim Premji has been awarded the  Chevalier de la Legion d’Honneur (Knight of the Legion of Honour), the highest civilian distinction in France. The award was instituted by Napoleon Bonaparte in 1802, and is given by the French Republic for outstanding service to France, regardless of the nationality of the recipients.  “The award was…

Amazon Has Just Beaten Flipkart To Become India’s Largest Online Retailer By Gross Sales

Amazon Has Just Beaten Flipkart To Become India’s Largest Online Retailer By Gross Sales

Five years after it entered India, Amazon appears to have finally gnawed past Flipkart’s first-mover advantage. Amazon has just beaten Flipkart for the first time in terms of gross sales or GMV, a Barclays report has said. Amazon generated $7.5 billion in gross sales in the year ended March compared with $6.2 billion generated by Flipkart. This number, however, doesn’t include sales from Flipkart’s fashion subsidiaries Myntra and Jabong.  In terms of revenue, however, Flipkart…

WhatsApp Business Head Neeraj Arora Quits, Becomes Latest High Profile Exit From The Company

WhatsApp Business Head Neeraj Arora Quits, Becomes Latest High Profile Exit From The Company

The guard is changing at WhatsApp, and it’s changing quickly. After WhatsApp cofounder Brian Acton had left the company last year, followed by fellow co-founder Jan Koum in 2018, yet another high-profile WhatsApp executive has put in his papers. Neeraj Arora, who’d joined WhatsApp nearly seven years ago and become one of its earliest employees, has now quit the company.  “It is time to move on, but I cannot be more proud of how WhatsApp…

Microsoft Has Just Gone Past Apple To Become The Most Valuable Company In The World

Microsoft Has Just Gone Past Apple To Become The Most Valuable Company In The World

Eight years after it had lost the crown to Apple, Microsoft has once again become the most valuable company in the world. Microsoft’s market capitalization reached $812.93 billion last night after a surge in its stock price. At that point, Apple was valued at $812.6 billion, which meant that Microsoft had leaped past its longtime rival to become the most valuable company in the world. Apple and Microsoft kept swapping places between number 1 and…

Kunal’s Shah’s New Startup Cred Will Reward Users For Paying Their Credit Card Bills

Kunal’s Shah’s New Startup Cred Will Reward Users For Paying Their Credit Card Bills

After what’s felt like an eternity in gathering insights, loads of social media polls, and months of teasers, it’s finally emerged what FreeCharge founder Kunal Shah’s new startup will really do. Shah’s latest startup Cred, which he’d unveiled last month, will reward people each time they pay their credit card bills. Cred will let users pay their credit card bills through its platform, and reward them for timely payments with offers and discounts on shopping, health…

Indigo Makes All Seats Chargeable During Web Check In, Faces Backlash On Social Media

Indigo Makes All Seats Chargeable During Web Check In, Faces Backlash On Social Media

Airlines in India haven’t had the best time in the last few months — oil prices recently spiked to record levels, and competition among the players in the space meant that passenger fares were at rock-bottom. The struggle was best exemplified by India’s largest airline Indigo, which posted its first ever loss last quarter since it had gone public. But Indigo’s latest attempt to buttress its sagging finances hasn’t gone down particularly well with its customer…

Bitcoin Has Now Lost 80% Of Its Value From Its Peak In December Last Year

Bitcoin Has Now Lost 80% Of Its Value From Its Peak In December Last Year

When bitcoin had been trading at $20,000 in December last year, people had become divided into two camps: the bitcoin bulls who said that bitcoin’s rise had only begun, and predicted that bitcoin could touch $100,000 by the end of the year. At the same time, bitcoin skeptics had maintained that bitcoin was one of the biggest bubbles in history, and its prices would come crashing down. Less than a year later, bitcoin’s price moves…

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