Flipkart, Amazon, and Snapdeal are currently locked in a slugfest for a piece of the $11 billion Indian e-commerce pie. They’re offering jaw-dropping discounts, spending millions on promotions, and even taking out snarky advertisements against their competitors, all in a bid to woo the Indian consumer. But last month, Flipkart hinted that it might do something quite extreme – the company said that it could shut down its website.
After a long period during which the company’s stock had languished on the back of concerns over the eroding relevance of the search engine, the markets had a pleasant surprise for Google’s 53,000 employees – the stock rose a stunning 16% on Friday after the announcement of the company’s quarterly earnings.
After technical snarls, regulatory hiccups, and lots of naysaying, the future is finally here. The first-ever US Government approved drone delivery has finally taken place. In partnership with NASA and with approval from the Federal Aviation Authority, an Australian drone has delivered a consignment of 4.5 kg of medical supplies to a rural health clinic in Virginia.