Swiggy Goes Public, Stock Rises 18% On Opening Day
November 13, 2024
In Layoffs And Retrenchments, There Is More Than Meets The Eye
Although there is huge outrage of start-ups retrenching employees, actual facts and figures behind these lays offs and shutdowns are not what meets the eye. Dearth of investments may not be the identified cause. Yes, the cheque sizes or amounts being invested in start-ups may be declining but the overall funding story is quite different.
CarTrade Acquires Rival CarWale
Signaling consolidation in car trading portals, CarTrade has acquired competitor Carwale in a largely cash arrangement. “Both platforms will operate independently. CarWale will focus on being the new car brand, while CarTrade will be the used-car brand,” said Vinay Sanghi, founder of CarTrade.
MakeMyTrip Launches Budget Brand Value+
Oyo Rooms and Zo Rooms had barely time to recover from the blow of being taken off hotel room aggregators MakeMyTrip and Ibibo, and there’s more bad news. In direct competition to their business model, MakeMyTrip has launched its own budget brand, Value+, which will offer rooms from Rs 900 to Rs 2,000 per night.
Rahul Yadav Solves Latest Problem, Finally Finds Love
After struggling to find love for months, if not his startup, Rahul Yadav has his love story sorted.
A Day After Flipkart Launches Flipkart Lite, Snapeal Introduces Its Own Mobile Site
Flipkart’s homegrown rival Snapdeal has also launched a lighter version of its mobile site. Rather unimaginatively called Snap-Lite, the site claims to be 85% faster, and works across all mobile browsers. Flipkart’s new site, on the other hand, works only with Chrome.
India Tops In Getting Facebook Content Blocked: Report
Data from a Facebook report for the first half of 2015 reveals that India topped in requests for blocking content on the social networking site. Facebook, in its Global Government Requests Report has said that India and Turkey were responsible for most of the content taken down for violating local laws.
Alibaba Creates Record Online Sales On Singles’ Day: Over US $14 Billion Spent
-commerce giant Alibaba has said that Chinese and international consumers spent more than 91.2 billion yuan (US $14 billion) on November 11, 2015 in the world’s biggest online shopping day.
This Is How 11 Companies Celebrated Diwali In The Office
As one of the biggest and most auspicious festivals in India, Diwali has a huge significance as far as workplace celebrations go. Most companies decorate the office and distribute sweets and gifts to the employees. Some even go as far as conducting ethinic day, Diwali-themed activities, a feast, the works.
Here’s a roundup of the diwali festivities at some of the Indian companies, each unique and interesting in their own way, on the last working day before Diwali.
Zomato Blacklisted From IIT Placements After Deepinder Goyal’s Outburst
Zomato has been blacklisted from conducting placements at all IITs this year. “No company should take the IIT system for granted,” said the placements head at one of the top IITs. At least six IITs Delhi, Bombay, Kharagpur, Madras, Guwahati and Kanpur confirmed the blacklisting.