Udaan - India's largest business-to-business (B2B) e-commerce company - has laid off about 180 employees, or 4-5 per cent of its workforce of 4,000, in a move to drive cost efficiency, revealed sources. They said the layoffs have happened across various department functions. The layoffs have happened at a time when the Bengaluru-based firm is trying to turn into a publicly listed entity in 18-24 months.
A long and bitter funding winter in the start-up world is beginning to take its toll on start-up advertising across properties. Earlier this week, Mastercard replaced Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). But this is just one part of the story. The other side is that organisers of high-impact shows and events on Hindi general entertainment channels, too, are feeling the winter chill.
Meta (formerly Facebook) founder Mark Zuckerberg on Wednesday said India's entrepreneurial spirit and massive scale is fuelling optimism about the future and the opportunities that the country presents. Speaking at Meta's Fuel for India 2021, Zuckerberg also said he is excited about the role that India will play in building the metaverse. Metaverse refers to a combination of multiple technologies, including virtual reality, augmented reality and video where users "live" within a digital universe.
Chinese mobile manufacturer Vivo will return to sponsor the IPL this season after its attempts to transfer the rights to another company failed to materialise as offers were not upto its "expectations".
The government on Monday asked online food business operators like Swiggy and Zomato to submit a proposal within 15 days on improving their consumer grievance redressal mechanism amid rising complaints from customers. The department of consumer affairs directed e-commerce FBOs "to transparently show consumers the breakup of all charges included in the order amount such as delivery charges, packaging charges, taxes, surge pricing etc." According to an official statement, "The Department of Consumer Affairs has directed major e-commerce Food Business Operators (FBOs) to furnish the current framework as well as a proposal on improving the consumer grievance redressal mechanism within 15 days."
The cyber intelligence firm said that the breach includes sensitive information such as email, phone, home address, qualification, work experience etc.
India's cricketing great Sachin Tendulkar termed the 2011 World Cup triumph as the "best cricketing day of my life".
Edtech major Byju's has raised over Rs 363 crore (about USD 50 million) in funding from Maitri Edtech and IIFL's private equity fund, according to regulatory documents. Over the past few months, Byju's has raised funding from a slew of investors that has placed the edtech major among the most-valued start-ups in the country. Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $6.5 billion.
Venture Intelligence data shows that during January to July 2020, investors infused $998 million in 31 deals. The total number of deals reported in 2019 was 42 worth $404 million.
Remember, the security of your job primarily depends on two major factors -- how relevant you are for the organisation and how the organisation is aligned to its stakeholders (investors, clients and employees)
Chinese sponsorship became a bone of contention after the BCCI declared it would review the deals following the violent clashes between the armies of both the countries in eastern Ladakh.
Inundated with information and long hours of test practice, aspirants are bound to commit mistakes, notes Arun Sharma, a top CAT educator at Unacademy.
Speaking in an online class organised by "Unacademy", Kohli and his actor wife Anushka Sharma spoke at length about the challenges they faced before tasting success.
India's batting legend Sachin Tendulkar said he battled anxiety for a major part of his 24-year-old career before realising that his pre-game quirks were an important part of his preparation.
The two champion players will clash against each other in the opening game of the 'Unacademy Road Safety World Series'on March 7
Avoid preparing new topics on the final days before the exam. Rather focus on practicing what you have learned till date, suggests Arun Singh Rawat, an educator at Unacademy.
400 young Indians will make it to the prestigious National Defence Academy in Khadakvasla if they clear the NDA entrance exam on November 14.
Add to it, associate sponsor companies like Unacademy, Dream11, CRed, Upstox, and Tata Motors, who pay in the range of Rs 120 crore each. Some subsidiary sponsors are also there.
When a Future Group official was contacted, he refused comment but industry insiders confirmed that the pull-out was on the cards because of the financial health of the company.
Multinational conglomerate Tata Group has submitted its 'Expression of Interest' to become IPL title sponsor this year, joining education technology company Unacademy and fantasy sports platform Dream11 in a bid to replace Chinese mobile phone company Vivo for one season.
Their startup investments number 13 so far, compared to 17 deals in 2020.
The stock-and-cash deal is the biggest in the education space.
Former West Indies captain Daren Ganga believes Chris Gayle should continue to play for the West Indies in the T20 format.
Former West Indies captain Daren Ganga is proud of his Indian heritage and has started to trace his family's roots in the country.
Instead of trying too hard to ace all three -- math, physics, chemistry -- choose any two subjects and excel in them, advises Bratin Mondal who secured 100 percentile in the March 2021 IIT-Joint Entrance Exam Mains.
Former India cricketers Harbhajan Singh and Mohammad Kaif gave the fans some 'good news' when they appeared on the popular television show Big Boss hosted by Bollywood superstar Salman Khan. The Road Safety World Series will see some of the biggest legends of the game take on each other in a five-nation T20 tournament featuring India, West Indies, Australia, South Africa and Sri Lanka
Capitals Chairman Parth Jindal said the BCCI should look at compensating the franchises.
'There is pent-up demand for cricket after last year when no tournaments were played on Indian soil due to the pandemic.'
Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million.
The Chinese government is imposing severe restrictions on their tech companies - whether it is on data security, marketing practices or floating an IPO. Should this be music to the ears of Indian start-ups and home-grown private equity (PE) funds? Ask Indian start-ups and the answer is a resounding "yes".
While BlackRock is an existing investor in Byju's, T Rowe joined as a new investor.
It's important to keep the momentum going leading up to the exam. Be consistent in your approach so you can reach your goals, says JEE educator Om Sharma.
Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.
The pandemic has confined students across all ages to home and digital education is the only way to continue learning.
'The reality is no one, including some of the names that have shown up in the last few weeks, have any unilateral decision-making power in this,' Facebook India MD Ajit Mohan tells Peerzada Abrar.
The world was in a "sheer shock" in the past few months due to the coronavirus pandemic but BCCI president Sourav Ganguly is confident that life will be back to normal once the vaccine for the virus is developed. Ganguly believes once the vaccine is out, the virus will be like any other health issues like flu or jaundice but with a cure.
Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners.
Its trajectory in telecom is well known but now it is pushing for a similar leap into the ranks of the top players in its other businesses: media and entertainment, e-commerce, a series of online businesses ranging from health to education, and retail.
The mind block against online education is crumbling and the demand may be led not just by parents but also teachers.
Valued at $5 billion, Byju's has seen growth sky rocket in the last two years on the back of mega VC top-ups.
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