If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
With founder Subhash Chandra no longer in the driver's seat at Zee, the acid test for Punit Goenka would be to take the financial investors along with him even as he strives to weather the latest storm. The question, now, is how he will deal with the challenges of being a professional CEO rather than an owner-CEO in the aftermath of his family offloading most of its promoter stake to a clutch of financial investors. However, the silver lining is that Zee remains the most profitable of the top four broadcasters in India.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
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.
Discount chain to expand to the east and west, continue with third-party brands.
The numbers in India may not be as big but the opportunity for serious growth is all there.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
'I find drawing inspiration for characters from real life very limiting.'
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
The aim is to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020. o start with, the company is looking at deploying nearly 160 e-vans by the end of 2019.
Donald Trump's executive order prohibiting the entry of people from seven Muslim-majority nations widened the rift between the Trump administration and several leading American companies.
The US president-elect met Silicon Valley's most powerful executives -- CEO of Microsoft Satya Nadella, Jeff Bezos of Amazon, Tim Cook of Apple, Elon Musk from Tesla, Larry Page and Eric Schmidt of Alphabet -- parent company of Google among others.
United States President Trump has been nominated along side his arch nemesis dictator Kim Jong-un.
'When you don't have food to eat, will you be worried about the virus or the next meal?'
Rising mobile viewership is paving way for online TV subscription.
Nikita Puri lists the best shows and films to watch online as you ace social distancing.
Don't bet everything you have, Lemon Tree's Patu Keswani tells Pavan Lall.
The company did not disclose its new holding pattern.
Helping UK outlets get wearable devices, robotics; apps to identify empty kitchen jars and auto-order likely soon
Recent easing of restrictions does not address the pain in the sector.
Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.
Aseem Chhabra lists his 10 favourite non-Indian shows streaming in India -- classics as well as recent shows.
Aseem Chhabra lists his favourite Indian films of 2021.
His presence matters more than the money he brings.
60-plus men and women who live independent lives are becoming the cynosure of ad men's eyes.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
India Inc has few leaders who are likely to grab headlines in 2015.
Flipkart claims to have more than 90,000 sellers on its platform.
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
Still, the earliest India will get to experience Apple online will be early 2020 and the company's first fully-owned signature store should be up around 2022 -- almost two decades after it had opened its first store worldwide, writes Nivedita Mookerji.
'What matters is that India's perspective on global issues -- climate change, intellectual property, free trade, trade routes being kept free, digital technology -- are listened to with respect,' says Ambassador B S Prakash.
Websites that compare product prices and offer cashback can help you get attractive deals and discounts.
VMUnify, incubated from staffers' idea, to be spun off into an independent company.
India's rank was further amplified by the collapse of the South American and Russian economies.
Using Facebook video or YouTube for content distribution is not new.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
The Mondelez portfolio in India also includes brands like Bournvita, 5-Star. Nikhat Hetavkar finds out how it stays relevant amid strong pushback from millennials over health effects of its products.
