Samie Modak And Neha Alawadhi

Stories by Samie Modak And Neha Alawadhi

IPO filings with Sebi lowest in 6 years

IPO filings with Sebi lowest in 6 years

Rediff.com   17 Jun 2020

Market experts said disruptions caused by the pandemic - to businesses as well as the filing process - and the sharp decline in valuations were the reasons behind fewer new companies wanting to tap the capital markets.

Will data protection Bill finally see daylight?

Will data protection Bill finally see daylight?

Rediff.com   15 Jun 2020

After the first draft of the Bill was submitted under a committee chaired by Justice B N Srikrishna in 2018, there were objections raised by businesses, especially on the broad restrictions on cross-border data flow.

Why 2nd wave of COVID-19 is a worry for equity markets

Why 2nd wave of COVID-19 is a worry for equity markets

Rediff.com   15 Jun 2020

Many believe that the surge in the markets defy economic reality and is being fuelled by aggressive monetary easing by central banks across the world.

India saw 2nd highest phishing hosting attacks in Q1 2019

India saw 2nd highest phishing hosting attacks in Q1 2019

Rediff.com   15 Jun 2020

Phishing attacks could either be in the form of an email from a trusted source asking for personal information such as passwords, bank details and personal details, or it could mimic an existing website or webpage and trick a user into entering confidential information on the page.

Beware of the 'bull trap' in a bear market, investors warned

Beware of the 'bull trap' in a bear market, investors warned

Rediff.com   9 Jun 2020

This is the fastest the markets have taken to get out of bottom, compared to previous crises.

Yatra ends merger pact, sues Ebix in US for breach of terms

Yatra ends merger pact, sues Ebix in US for breach of terms

Rediff.com   7 Jun 2020

Ebix had signed the agreement last year to acquire Gurugram-based Yatra Online for an enterprise value of $338 million (about Rs 2,327 crore) in an all-stock deal. The deal was supposed to conclude in the October-December quarter after regulatory approvals but went through several extensions, according to regulatory filings with the US Securities and Exchange Commission.

Why Google took down TikTok clone Mitron

Why Google took down TikTok clone Mitron

Rediff.com   3 Jun 2020

Mitron probably would have continued with the free run for quite some time, had it not come to light that the source code of the app was actually developed by a Pakistani developer, reports Neha Alawadhi.

Nasscom chief warns of job cuts in IT sector if...

Nasscom chief warns of job cuts in IT sector if...

Rediff.com   23 May 2020

'If the business doesn't recover in next 6-10 months, there might be situation where there would be some lay-offs...That may be required for survival and to ensure livelihood to millions of people.'

Swiggy lays off 1,100 as coronavirus hits business

Swiggy lays off 1,100 as coronavirus hits business

Rediff.com   19 May 2020

Backed by China's Tencent and Prosus NV, Swiggy has around 8,000 employees.

Hospitality sector unhappy with govt stimulus package

Hospitality sector unhappy with govt stimulus package

Rediff.com   18 May 2020

The hospitality and tourism sector is among the worst hit because of the pandemic, and is unlikely to recover any time soon as people continue to be cautious of going out in a crowded places.

RIL's Rs 53,125 cr rights issue will be India's biggest equity fund raise

RIL's Rs 53,125 cr rights issue will be India's biggest equity fund raise

Rediff.com   17 May 2020

The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.

No freeze on hiring at India's top IT firms

No freeze on hiring at India's top IT firms

Rediff.com   11 May 2020

Top Indian IT services companies - TCS, Infosys, Wipro and HCL Tech - have said that they would continue to hire freshers through campus interviews, though lateral hiring will be mostly on exception basis.

Govt makes Aarogya Setu a must for all office workers

Govt makes Aarogya Setu a must for all office workers

Rediff.com   2 May 2020

The ministry of home affairs has made the use of Aarogya Setu app mandatory for all employees, both private and public, and pinned the responsibility for compliance on the head of respective organisations.

COVID-19: How WhatsApp is tackling spread of fake messages

COVID-19: How WhatsApp is tackling spread of fake messages

Rediff.com   27 Apr 2020

WhatsApp limited the number of times a frequently forwarded message can be sent further to only one chat at a time. This resulted in 70% plunge in viral forwarded messages globally, WhatsApp told GoI.

Aarogya Setu tops charts with 75 million downloads

Aarogya Setu tops charts with 75 million downloads

Rediff.com   25 Apr 2020

The exponential number of downloads can be attributed to a call by Prime Minister Narendra Modi, asking people to have the app on their mobiles, combined with the government's push for downloading of the app through other channels, reports Neha Alawadhi.

Restaurants double up as grocers at Swiggy, Zomato

Restaurants double up as grocers at Swiggy, Zomato

Rediff.com   20 Apr 2020

Given that people have been reluctant to order cooked food - which worsened due to a couple of cases of delivery personnel testing positive for COVID-19 - food delivery platforms have included grocery delivery as part of their services.

Zomato may buy Grofers in all-stock deal

Zomato may buy Grofers in all-stock deal

Rediff.com   15 Apr 2020

Sources said a merger could benefit both as Grofers' private labels business would be a draw for Zomato, as well as its experience in the online grocery delivery space.

Post COVID-19: 'IT industry will emerge stronger'

Post COVID-19: 'IT industry will emerge stronger'

Rediff.com   10 Apr 2020

'We have to plan for whatever the new normal is.'

Coronavirus crisis: What start-ups must do

Coronavirus crisis: What start-ups must do

Rediff.com   6 Apr 2020

'If many start-ups lose in this environment, there will be less number of people willing to start new businesses.'

Gig employees get a helping hand from old economy

Gig employees get a helping hand from old economy

Rediff.com   5 Apr 2020

Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.