Rahul Yadav’s Housing Stake Presented To Employees As Phantom Stock; Employees Protest
Housing employees hadn’t received the shares that Yadav had promised them. And now it turns out that they might not receive the shares at all – at least not in the traditional sense. On 12th January, the company announced in an email to the staff that they would get their share of Yadav’s gift in the form of phantom stock units.
Amazon Goes Eco-friendly; Will Use Cycles To Deliver At Short Distances
Amazon is experimenting with cycles to deliver last-mile orders. Orders under the radius of 3-5 km will be delivered through this mode. The delivery team would be provided with geared bikes to carry packages of up to 7.5 kg per trip.
Ecommerce Startups Are Now Focussing On Real Estate In A Big Way
Looks like consolidation in the online real estate market in India is on the anvil, and strategic investments and partnerships would be the key to dominating it. Snapdeal is pushing its real estate arm and is also rumoured to be in talks to buy housing.com.
Quikr recently acquired commonfloor.
Paytm To Launch “Sound Pay”; Will Transmit Cash Via Sound Waves
It’s an idea that’s going to make a lot of noise in the online payments world. Paytm is going to soon launch “Sound Pay”, a feature that will allow money transfers using ultrasonic sound waves.
Capgemini Looks For Consultants In This Accidentally Funny Ad
Capgemini recently posted an ad for the position on the professional networking site, Linkedin which was rather interesting.
The position – senior consultant – had the word “mule” in brackets, seemingly coming across as a rather honest description about the position-holder needing to be hard-working and obedient, much like its working class hero and spirit animal, the mule.
SBI Launches Country’s First Bank Branch For Startups
With the government batting for startups with its Start Up India initiative, could banks have been far behind? India’s largest public sector bank, State Bank of India, has opened a branch that caters exclusively to the needs of startups. Called SBI InCube, the branch is quite appropriately situated in India’s throbbing startup hub of Bangalore.
Cleartax Launches Online Rent Receipts Calculator
Aiding professionals to simplify their tax filing and investment proofs is online tax startup Cleartax. Their latest offering is an online rent receipt calculator.
Exclusive: Newly Appointed Flipkart CPO Punit Soni To Leave Company
Flipkart’s new CEO appointment and its subsequent management rejig has had an unexpected fallout – Chief Product Officer and former Google executive Punit Soni shall be soon leaving the company. When contacted, Soni said that he couldn’t talk about the matter at the moment, but said that “India has unique opportunities and unique challenges.”
Why Does Your Restaurant Bill Cost As Much As It Does
A handy guide on decoding restaurant bills and elaborating how service tax, VAT and service charge work in India.