Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
While the first half of the year saw India's e-commerce market shrinking, the success of Diwali sales will boost the sector beyond last year's benchmark
The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.
Flipkart's appointment of Kalyan Krishnamurthy as CEO and Ola's choice of PepsiCo's Vishal Kaul for COO speaks to the growing trend of bringing in experienced professionals to run business. Karan Choudhury reports.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
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New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
New entity is likely to get a top-up of $200 million from a Chinese investor
Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
The move will establish a level-playing field for domestic investments in start-ups compared to foreign-based sources.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
India is the next major breeding ground for start-ups.
E-commerce companies are seeing an increase in demand for products such as fresh fruits and vegetables, milk, flour, rice, and lentils, and personal hygiene items like sanitisers and soaps and household cleaning products. Other products include instant noodles, baby food and Ayurvedic items. "There is even a huge spike in pet food," said a person.
This was because his wife Anu was not able to join him in Seattle, due to the existing US law that said if a green card holder marries, his/her spouse's visa is rejected.
Seeks to cut biz costs by 10% for sellers across 24 verticals, by slashing fees and delivery charges.
His investment in Paytm is in his personal capacity.
After raising $2.5 billion from SoftBank's Masayoshi Son and his Vision Fund, Sachin Bansal and Binny Bansal are back in the driving seat at Flipkart, the company they founded over a decade ago.
Paytm plans to induct 5,000 manufacturers and sellers; has started programmes to identify and train new sellers.
His presence matters more than the money he brings.
E-commerce companies typically stick to the gross merchandise value run rate to calculate sales.
Flipkart eyes another $500 mn from eBay, which seeks to merge India ops with it and exit business
12,000: Number of people Flipkart plans to hire in FY15.
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
USISPF slammed government's move and alleged that the amendments announced were without any consultation and are akin to changing rules in the middle of the game.
Ratan Tata has made investments in his personal capacity in more than 15 start-ups over the last 20 months.
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
Loses notional value by 37.5% because of markdowns by investors
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
While most others have not been able to replicate the WeChat model successfully, experts expect Jio to be able to score on its 300 million plus new mobile phone users.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
With Nikesh Arora's exit from Softbank, India's start-ups have lost one of its biggest supporters.
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
Arora will resign less than two years since he joined the Japanese Internet conglomerate
Fewer e-commerce companies hired candidates from B-schools this year.
Business chambers now inviting start-ups for membership.
Prime Minister Narendra Modi and industrialist Mukesh Ambani feature amongst the most searched personalities online this year, according to search engine Yahoo.
The deal that promises to make Flipkart a leading force in fashion segment - estimated at Rs 3 lakh crore - came after hectic weekend parleys.
Internet entrepreneurs are the next big thing in India.
Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
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