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Category: Stories

Flipkart Acquires Walmart’s India Wholesale Business, Will Launch Flipkart Wholesale Next Month

July 23, 2020 OfficeChai Team

Walmart has consolidated its India holdings, making Flipkart the umbrella brand for all its India initiatives. Flipkart’s wholesale unit will acquire Walmart India’s…

Reliance Retail Has Been Valued At $29 Billion By Morgan Stanley

July 22, 2020July 22, 2020 OfficeChai Team

While most of the attention on Reliance of late has been focused on Jio, the company has, over the years, been quietly building…

Mark Zuckerberg Worried That If India Can Ban TikTok, It Can Also Ban Facebook: Reports

July 21, 2020 OfficeChai Team

TikTok’s ban should’ve come as welcome news for rival social media companies, but Facebook CEO Mark Zuckerberg is apparently not particularly thrilled with…

Value Of Card And Mobile Payments Exceeds ATM Withdrawals For The First Time In India

July 20, 2020 OfficeChai Team

The digitization of India’s economy has just crossed a vital milestone. The value of card and mobile payments have exceeded ATM withdrawals in…

Curefit Lays Off 600 Employees, After Laying Off 800 In May

July 19, 2020 OfficeChai Team

Startups that have been the worst-hit by the coronavirus pandemic are continuing to try to cut costs. Fitness startup Curefit has laid of…

JioMart Makes All Deliveries Free, Launches App To Take On Amazon And Flipkart

July 18, 2020 OfficeChai Team

The now-familiar push for dominance by Reliance, as seen in its telecom and broadband plays, has now begun for JioMart. JioMart has made…

Twitter Accounts Of Bill Gates, Elon Musk, Jeff Bezos Hacked In Unprecedented Global Scam

July 16, 2020July 16, 2020 OfficeChai Team

The most high profile — and audacious — hacking scam in history might have just taken place. The official Twitter accounts of several high-profile…

Google Buys A 7.7 Percent Stake In Jio For Rs. 33,700 Crore

July 15, 2020 OfficeChai Team

The list of Jio Platforms’ investors was already formidable, but it’s now looking like the who’s who of the global technology industry. Google…

Walmart Puts In $1.2 Billion In Flipkart At A Valuation Of $24.2 Billion

July 14, 2020 OfficeChai Team

Many had questioned Walmart’s decision to acquire a majority stake in Flipkart at a valuation of $21 billion in 2018, but the decision…

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