Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
Founded in 2015, Meesho is one of the country's fastest growing social commerce platforms, and provides small and independent entrepreneurs with products and tools to start, maintain, and grow their businesses. Facebook's interest in the digital commerce follows Reliance Industries' entry into the hybrid e-commerce ecosystem.
The deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.
At least 10 people were killed when a bomb attached to a bicycle exploded near a hotel in Pakistan's northwestern Nowshehra city on Thursday, officials said.
The telecommunications regulator had recommended last month that the reserve price for spectrum in the 900 megahertz band in some key cities be cut by about 60 percent, and also suggested a 37 percent cut in the reserve price for spectrum in the 1800 megahertz band.
Initial success has prompted telecom companies to hardsell the new service.
The e-commerce marketplace is like an information intermediary these days.
These apps run the whole gamut: games, entertainment, productivity, social networking, communication
The self-proclaimed voice of the British business, CBI, has said India is both a threat and an opportunity for UK's manufacturing sector. Commenting on the government's "Growth Review Framework for Advanced Manufacturing", announced earlier this week, CBI has said UK manufacturers and government must be aware of the potential threat countries like India and China pose in the global marketplace.
While green shoots are beginning to emerge, with June sales rebounding to pre-Covid levels thanks to a rural revival, most FMCG chief executives have voiced concerns about localised lockdowns that began in July and have extended into August in some states.
Global and domestic manufacturers woo consumers with low-priced, feature-rich handsets.
Employers are now looking to hire professionals who can demonstrate their skills rather than reel off a catalogue of undirected theoretical qualifications.
The market is abuzz with the talk of Snapdeal raising up to $600 million (Rs 3,600 crore) with new investors such as Japan's Softbank and Japanese e-commerce company Rakuten.
The decision was taken to prevent crowding at shops and marketplaces amid the lockdown to contain the coronaviruspandemic, a statement from Thackeray's office said.
'You will still want to take all the necessary precautions, which is the right thing to do.'
The centre will be focusing on emerging communication technologies
It is the generic version of Teva Women's Health's Seasonale tablets
The new Ford Fiesta diesel takes on the current favourite, the Hyundai Verna CRDi. Business Standard plays referee.
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
It took a lockdown for us in India to even recognise that the plight of migrants needs to be addressed. They were faceless and unrecognised. They were unappreciated and even hounded. They were poorly paid and exploited, notes Ramesh Menon.
Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors.
Amazon's fresh investment in its India entities come at a time when the Seattle-based firm has faced losses in several of its business entities in India, such as seller services, wholesale, transportation services and digital payments, for the 2018-19 financial year.
The new law proposes to bring e-retail users and players into its fold.
'Analysts see BECA as a 'force multiplier' for India.' 'But China too is known to have such capabilities.' 'The military gap with China will continue to remain a fact of life, BECA notwithstanding,' argues Ambassador M K Bhadrakumar
The Bengaluru-based e-tailer has launched an exclusive Handloom Store for saris and related products and is working with small entrepreneurs and weavers to bring them on board.
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
These workers have been asked to undergo a 30-day performance improvement plan.
Mastercard is keen on being known not as a payments player but a technology company.
'The money is safe with the payment services solutions provider'.
At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Four securitymen, including two Central Reserve Police Force personnel, were killed when Naxalites triggered a powerful improvised explosive device blast in a marketplace in Perilimili village in the Gadchiroli district of Maharashtra when they were out shopping.
Why Veer Arjun Singh has fallen in love with the latest Bose headphones.
Netmeds is looking at using new technologies such as deep learning and data analytics to improve forecasting in terms of the demand of the products for pharma companies, reports Peerzada Abrar.
Earlier, Holachef had raised a seed fund of Rs 2 crore or Rs 20 million from India Quotient in February 2015.
The banking, financial services and insurance was the highest paid sector
With 17 per cent market share in the Indian mobile market, Samsung Mobile plans to add another six to seven per cent market share this year.
Clickpower.in enables consumers and generators to explore the best available options.
Modi said his government was committed to provide equal opportunities to all sections of the society.
An industry source said the Act would create high-entry barriers for new service providers and limit customer choice
