Zomato’s Losses More Than Treble To Rs. 492 Crore In 2016
2016 might’ve been a seminal year for Zomato as it entered the food ordering business, but the move has come with a price. The company’s losses have more than trebled to Rs. 492 crore for the year ending March 2016.
Internet Wants To Reward ‘Laziest Guy’ Who Used Flipkart As ATM
Amongst the laziest things people have done to get stuff done (Or basically Jugaad-ed), this engineering student at a hostel decided to use Flipkart as an ATM. Too lazy to go to the bank to deposit cash, genius struck when our man thought of this brilliant hack. He ordered goods to the tune of the amount he needed the cash for, and chose to employ the Cash On Delivery method. The very next day, he filed for a product return and got his money refunded into his bank the very next day.
Talented Young Students Feel Cheated, IIM Ahmedabad Tells Flipkart
Flipkart’s proposed plan to delay the joining dates of its fresh graduates hasn’t gone down well with India’s top B-school. IIM Ahmedabad has sent a strongly worded email to Flipkart CEO Binny Bansal asking him to guarantee that their graduates will have a job when the date of joining is finalized.
Govind Rajan Is New FreeCharge CEO
FreeCharge COO Govind Rajan has been named the CEO of the company. Kunal Shah, who had founded FreeCharge in 2010 and had been the CEO since then, will now serve as the Chairman.
Tim Cook’s Charm Offensive Might’ve Just Failed In India
According to a report by Bloomberg, India’s Foreign Investment Promotion Board has ruled Apple can’t set up its own retail stores in India.
Snapdeal Chief Product Officer Anand Chandrasekaran Quits
Snapdeal Chief Product Officer Anand Chandasekharan has quit the company. This was announced by Snapdeal co-founder Rohit Bansal on Twitter.
Sikkim Bans Plastic Mineral Water Bottles & Foam Containers: First Indian State To Do So
Sikkim may not have a burgeoning food delivery startups scene or a throbbing pub culture, but that doesn’t stop the state from taking all measures to go eco friendly.
For effective waste management in an eco-friendly manner, the Sikkim government has restricted the use of mineral water bottles in government programmes and banned the use of foam food containers all over the state.
Exclusive: Flipkart Delays Joining Date Of Campus Hires By 6 Months
In a surprise move, Flipkart has delayed the joining dates of its batch of incoming graduates by upto 6 months. This means that the campus hires that Flipkart had made last year who were supposed to join in June this year will have to wait till December before they can join the company.
TinyOwl Shuts Operations In All Cities Other Than Mumbai
Two-year old food tech startup TinyOwl has announced closing shop in all markets except Mumbai. This follows close on the heels of rumours of its merger with Roadrunnr.