BigBasket To Deliver iPhone 16 in 10 Minutes As Part Of Quick Commerce Push
September 19, 2024
Flipkart’s Valuation Falls From $15 Billion To $11 Billion
Flipkart’s valuation has been devalued. According to Morgan Stanley, Flipkart is now worth only $11.1 billion – a full 27% below its valuation of $15.2 billion at which it had raised money last year.
Jabong CMO Quits Less Than 5 Months After Joining Company
Jabong’s Chief Marketing Officer Saurabh Srivastava has quit less than 5 months after joining the company. Srivastava had joined Jabong in October last year, and had replaced Praveen Sinha, one of Jabong’s co-founders, who had quit to start his own venture.
Vijay Mallaya Receives Rs. 515 Crore For Walking Away From United Spirits
Vijay Mallaya has announced that he’s resigned as Chairman of United Spirits. The company, which is now controlled byBritish multinational Diageo, has agreed to drop all charges of irregularities under his watch. Mallaya will also receive Rs. 515 crore over 5 years in return for stepping aside.
A Recruiter Tried To Hire This Programmer With A Slew Of Insults
Hamza Khan was in for a mild shock when he received an interesting job offer. He was emailed by someone claiming to be a recruiter who had seen Khan’s website and decided to send him an in-depth critique of it, and then tried to blackmail him into working for him.
The email is from a supposed Architecture engineer called Jacob Worstell working at the anti-spam email company, Sharklasers. The email lists out all the problems with Khan’s website in points, and is peppered with expletives.
Snapdeal Employees Protest After Being Put On Probation
Incredible scenes were witnessed at Snapdeal’s New Delhi office after the company put 200 of its employees on a Performance Improvement Plan.
Flipkart Shuts Down Its Groceries Arm Nearby
Flipkart Shuts Down Its Groceries Arm Nearby. Last year there was a spurt of players in the online grocery delivery business with new players like Peppertap and Grofers and biggies like Flipkart with Nearby, Ola with Ola store and Amazon with Amazon groceries entering the fray. Though recent events point out to the potential lack of feasibility of a grocery delivery business. Recently, Peppertap had scaled down operations by shutting down in 6 major cities and Grofers had shut down in 9 cities.
Vishal Sikka’s Pay Package Doubled By Infosys
Infosys has extended the tenure of its CEO Vishal Sikka by two years and announced a hefty increase in his package. In a regulatory filing to the Bombay Stock Exchange, the company said the board had re-appointed Sikka as managing director and chief executive from April 1, 2016 to March 31, 2021.
Vienna Best City To Live In The World; Hyderabad Best In India
Austria’s capital Vienna has bagged the top ranking in the world as the best city to live in, according to the 18th Mercer Quality of Life Study. Three German cities, namely, Munich, Dusseldorf and Frankfurt find a place in the top ten cities with rankings at number 4, 6 and 7 respectively.
Snapdeal On The Verge Of Letting Go Of 200 Employees
The spate of employee layoffs has finally reached e-retail companies. After Helpchat, Zomato, TinyOwl and several others had fired employees over the course of the last few months, it has emerged that Snapdeal is on the verge of laying off as many as 200 employees from its workforce.