'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
'Despite muted growth in financial services, all other businesses have done well.'
Their startup investments number 13 so far, compared to 17 deals in 2020.
Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
Of the 2,562 customer complaints received between January 2020 and March 2021, a majority relate to illegal apps. At least two dozen suicide cases have been reported, perpetrated by the harassment by loan app operators, points out Tamal Bandyopadhyay.
IT major Infosys on Tuesday said it has seen no major impact on client deliverables due to the ongoing pandemic, and has been working proactively with clients to mitigate any potential impact. The Bengaluru-based company has also enabled vaccination for 14,150 employees and their family members through its centres, and is in the process of setting up additional facilities across its campuses in India. Besides, Infosys is providing financial support, exploring training and job opportunities for the next of kin and offering necessary assistance to support dependents of deceased staff members.
'We expect the bull run to continue until economic growth continues.'
Defence Minister Rajnath Singh on Tuesday unveiled a new version of the procurement manual of the premier military research institute Defence Research and Development Organisation featuring simplified procedures for the involvement of the private sector in various research and development projects.
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
'We are having an outsize impact not only on the lives of the customers and livelihood, but also the economy of India.'
If the reforms are implemented, multi-brand retail majors such as Future Group and Reliance Retail might enter the fuel retail space.
"It is unrealistic to expect that COVID-19 pandemic can be eliminated at this stage given that community transmission is already well-established across large sections or sub-populations in the country," the report said.
Company's revenue rises 3-fold to touch $206 million while total cost jumps over 6 times to $500 million
Turbocharged with technology is becoming the Holy Grail of retail.
The ride-hailing company will soon launch UberEATS, which has been testing food and grocery deliveries since 2014, in India. Alnoor Peermohamed reports.
Outsourcing company iGate Corporation on Wednesday said it has bagged a major five-year contract worth over $100 million (about Rs 598 crore) for providing global infrastructure services for insurance major MetLife, Inc.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
"In India's development cooperation, we will be guided by our partners' development priorities. Our assistance does not create indebtedness and is without conditionalities," he said at the 44th Annual Meeting of the G-77 Foreign Ministers on Thursday, in a veiled reference to China's loans which has led to debt-traps in some countries.
Over 80% of graduate engineers passing out of universities in India are unemployable. With digitisation going mainstream, this skill deficit can be redressed through world-class training material, points out Ankit Shyamsukha, CEO, ICA Edu Skill.
are in the process of building one at the Jio Center in Bandra Kurla Complex where the Maker Maxity building used to be. "This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to open sometime in January or February next year.
Workers of tomorrow will have to figure out how to help themselves transition to different career pathways, predicts Sandeep Goyal.
Volkswagen overtook Toyota as the world's largest carmaker by sales.
Sun Microsystems on Tuesday said it had evolved a new sales strategy - global client solutions engagement model - in its bid to help customers focus on their problems, including business compliance, reducing costs, providing secure global access and
The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.
This is to take head on big American pharmaceutical giants, which in the recent past had launched a strong anti-India campaign against efforts of such companies to provide affordable health care not only to people in India, but also in the third world countries.
'Students are taking a keen interest in a hybrid model, where they start classes online and then complete the course on campus.'
India has purchased 500 million doses of the Oxford University-AstraZeneca vaccine candidate, one billion from the United States company Novavax and 100 million doses of the Sputnik V candidate from Russia's Gamaleya Research Institute, according to the US-based Duke University Global Health Innovation Center.
Despite taking a hit on profitability amid the pandemic, companies with strong balance sheets are gaining market share because of consolidation in their respective sectors.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
To increase local talent mix in the US like their major peer Infosys
Mumbai's Charcoal Eats is giving biryani a fast food makeover. Charcoal Eats has recently raised Rs 50 million in pre-series A funding, taking its total capital raised in 30 months to Rs 120 million.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
Starting as a maker of hydraulic pumps, the Bengaluru-based company graduated to components for automakers like BMW and Audi, and then Airbus and Boeing
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
Although Trump had announced his decision to withdraw from the historic Paris Agreement on climate change on June 1, 2017, the process began on Monday with the formal notification and the US will be out of the pact on November 4, 2020.
'They talk about their 2021 centenary goal, their 2035 goal, and their 2049 goal. They're accelerating. There's also been this unfortunately bashing of nationalism inside the People's Republic of China by the government'
Growth-oriented technology companies have raised Rs 15,000 crore through initial share sales in the last 18 months and IPOs worth around Rs 30,000 crore by such firms are in the pipeline, Sebi chairman Ajay Tyagi said on Thursday. "Growing number of unicorns in the startup ecosystem is a testimony of the new age tech companies coming of age in our economy. These companies often follow a unique business model focusing more on rapid growth than immediate profitability," Tyagi said at an event organised by industry body CII. During the last 18 months, growth-oriented technology companies have raised a sum of around Rs 15,000 crore through IPOs (Initial Public Offerings).
