Vikas Malpani Rubbishes Reports Of Quikr Buying Out Majority Stake In CommonFloor
The tech world was abuzz this morning with reports that Quikr was eyeing a majority stake in real estate portal CommonFloor. An Economic Times article had stated that the deal would be worth Rs. 330 crore, and had been in the works for the last 5 months. The news was gaining steam and being picked up by other publications, until co-founder Vikas Malpani intervened.
[24] 7 Sets Up State Of The Art Office In Bangalore
Bangalore has yet another swanky office to add to its growing list. [24] 7, one of the world’s largest providers of chat agents, has set up a spanking new office in the city.
The office is spread over 4.5 lakh square feet and can house 7,000 employees.
IDFC Bank Is Born Today, Promises New Approach To Banking
IDFC Bank will start functioning as a full-fledged bank from Thursday with over 20 branches. Rajiv Lall will be taking over as the MD & CEO of IDFC Bank with effect from October 1, IDFC added.
Ralph Lauren Steps Down As Chief Executive
Ralph Lauren, founder of the iconic fashion company that bears his name, has announced stepping down as chief executive of the empire he built over five decades. Known the world over for its quality products, Ralph Lauren reported sales of $7.5 billion in 2014 and had over 23,000 employees worldwide.
Sundar Pichai’s Father-In-Law Remarries At 70
Olaram Haryanim father-in-law to the man of the moment, newly appointed Google CEO has remarried at the age of 70.
India Surpasses China, US; Receives Highest Foreign Investment in 2015
Modi’s promised Acche Din might have taken some time coming, but they finally seem to be here. On the heels of his historic Digital India summit in Silicon Valley in which the Prime Minister launched a charm offensive on global CEOs, it has emerged that India led the world in Foreign Investment in 2015.
Investors Go Grocery Shopping In India, 9 Month Old PepperTap Raises $36 M Series B
Gurgaon based on demand grocery delivery platform pepper tap has raised $36 million(about Rs 239 crore) in series B funding from Snapdeal, Sequoia, SAIF and few other investors.
Alibaba And Ant Financial Put More Money Into Paytm’s Wallet
This Investment came rite before the festive season kicks in. Alibaba is also investor in Snapdeal. With this investment Alibaba directly would have 20% stake and Ant’s shareholding will come down to 20% from 25% before
Make In India: L&T Beats Global Players To Win The Contract For Indian Army
Indian Armed forces are having a big makeover from buyers to builders . Rite after commissioning INS Kochi ,which is fully manufactured by Indian Naval engineers, now its time to manufacture our own guns. India is finally set to get its own mobile howitzers that will reverse the longhand Pakistani battlefield edge on artillery guns. On PM Modi’s Initiative “Make In India”, L&T is all set to start manufacturing guns for Indian Army in India.