Slowing funding cycles for early-stage companies, freshers opting for more established firms, and many opting for places with better infrastructure are slowly taking away Koramangala's tag of 'India's Silicon Valley'.
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
Yuri Milner is focussing on on consumer-driven Internet start-ups.
The company roped in Aamir Khan as its brand ambassador in March.
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
Now, that Xiaomi has almost become a household name in India, it is time to explore the top 10 Xiaomi smartphones that have either hit or are expected to hit the Indian shelves soon.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
Indian e-commerce company raises Rs 600 crore in sixth round of funding.
Flipkart co-founders Sachin Bansal and Binny Bansal had worked at Amazon before launching their start-up in 2007.
IRCTC is gearing up to promote online sale of tickets.
Snapdeal to invest up to $200 mln to improve deliveries.
Out of the 214 Young Global Leaders who were honoured for leadership and service to society, 109 are women.
Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.
Will the next generation possess an even more internationalist outlook, and lose their Indian identities entirely? Will they continue to believe in a larger role for business in society and go beyond the boardroom to truly understand the Indian consumer, ask Geoffrey Jones & Vinay Sridhar of Harvard Business School.
Earlier this month, retail associations across the country held a meeting with the hardware manufacturers industry body -- MAIT -- to raise the issue of undercutting prices.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
Motorola has given just one buying option to a consumer which is sort of a walled gardened approach at a time when all of Motorola's competitors are selling their products via multiple online shopping portals and physical stores.
While e-commerce operations for these firms are small at the moment, it is slated to grow in the next 3 to 4 years.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
The move comes at a time when Snapdeal is aggressively looking at optimising costs amid intense battle with Flipkart and Amazon.
A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist". The letter by 'TechAgainstFascism' on online publishing platform Medium also urged the leaders to refuse to shut off the Internet at the "government's whim" and to ensure that content moderation is not skewing pro-government.
Their bootstrapped brand sold 25,000 units on Flipkart in five days during the 2017 festive sale.
For India startups, pulling in the reins now may enable them to live longer - even if it means shedding their unicorn status, says Una Galani.
Though fundraisings for startups still rank amongst the biggest deals struck this year, the average ticket size has fallen sharply, says Una Galani.
After six weeks into the second half, the faltering offline channel, which traditionally rakes in 60 per cent of sales for the market, has become the biggest hurdle towards the path of revival.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
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.
Digital commerce operators advertising on global social media, which earlier did not pay Google tax on their operations in Jammu & Kashmir, may now have to cough it up at 6 per cent.
The companies have asked for digital curfew passes as e-retailers feel if more lockdowns are ordered after April 14, it is extremely difficult and time-consuming process to acquire the passes from local authorities.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
Internet entrepreneurs are the next big thing in India.
At Rs 20,000 crore (Rs 200 billion), e-commerce has seen one of the fastest rates of growth in investment activity this year.
The Smartron t.phone P review.
'I can finally tell my father that he need not go fix tiles in other people's homes.'
