Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding
Technology start-ups that got listed in the last few quarters reported a hit to their December-quarter (Q3FY22) profitability due to higher marketing and employee costs. While fintech firms Paytm and PB Fintech saw their losses widen by 45 per cent year-on-year (YoY) to Rs 778 crore and 55 per cent to Rs 295 crore, respectively, food delivery company Zomato remained in the red despite narrowing its net loss by 81 per cent to Rs 66 crore. Meanwhile, online fashion and beauty products seller Nykaa saw its net profit drop 59 per cent to Rs 28 crore in Q3FY22.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
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.
Re-rating of Bharat Petroleum Corporation, Container Corporation, Shipping Corporation, SAIL, and Hindustan Copper, for which the government has already shown intent to divest its stake, possible now, say analysts.
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
Two separate suicide notes were recovered. They said that the CBI raid caused them (the family) great humiliation in the society.
Flipkart co-founders Sachin Bansal and Binny Bansal, who were ranked 86th last year dropped out of the list
The complainant accused Kejriwal and his brother-in-law of indulging in corruption.
Management campuses are expecting the rise in pre-placement offers to ease the final placement process.
Congress leader Rahul Gandhi was questioned for over 10 hours by the Enforcement Directorate in a money-laundering probe linked to the National Herald newspaper and was called to depose again on Tuesday, as his party protested across the country, alleging that the Centre was targeting the Opposition by misusing agencies.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Five founders of e-commerce start-ups, four of them Bansals, say they had alternative ambitions chalked out.
Myntra founder Mukesh Bansal takes over as marketing chief.
Those who denounced the letter writers in the "Group of 23" like Nirmal Khatri and Naseeb Pathan have interestingly found places in the panels announced by Gandhi on Sunday evening.
They are witnessing, or anticipating, a double-digit growth in job offers over the same period last year.
By switching to simpler alternatives, you can make Diwali enjoyable for all.
The former party donated Rs 54,000 between April 1, 2019, and March 31, 2020.
'In two years there will be consolidation. Look at the Indian brands now. Only three of us are surviving, many others have died. What will differentiate us are two things -- timing of our launches in the market and the communication to the consumer," Narendra Bansal, CMD of Intex, tells Arnab Dutta.
Sidhu backed his wife saying 'she would never lie', while the CM said she refused to contest from Amritsar.
In an online chat, career counsellor Amit Bansal shared crucial career advice with readers on how to pick the right stream and college to study engineering.
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
India can potentially have 40 million 5G users in the first year when the next-generation service is made available to them, a report released by telecom company Ericsson said on Wednesday. According to Ericsson ConsumerLab report, consumers have shown willingness to pay 50 per cent more for 5G plans bundled with digital services while they want to pay only 10 per cent more for just 5G connectivity. The data collected from 26 countries in December 2020 for the report shows that consumers across several markets are willing to pay 20-30 per cent more on an average for 5G plans bundled with digital service use cases.
It comes a day after party chief Sonia Gandhi proposed, at a meeting of the Congress Working Committee, the formation of a group to assess the party's losses in Kerala, Assam, West Bengal and Puducherry.
'IIT-Bombay is the most preferred institute for education in technology.' 'The environment is very good and I will be a good student and a better asset for the nation.'
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.
Flipkart co-founder Sachin Bansal on Friday took pot shots at Snapdeal saying India should not be blamed for the latter's failure to hire "great engineers".
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Urjit Patel, Binny Bansal, Nirav Modi and Rahul Gandhi personify the big trends that defined 2018. Well, almost...
'There were any number of Congress leaders who disliked Sonia Gandhi, but they were very close to Ahmed Bhai and he would listen, and give a shoulder to cry upon.'
'I was feeling so suffocated under Yogiji's rule.'
The SC sought a status report from the Centre by Tuesday on the measures taken in view of the large-scale migration of labourers from cities
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Amit Bansal discusses the emerging trends in the engineering sector.
Death row convicts are asked about their last wish before hanging.
The Delhi Anti-Corruption Branch on Tuesday registered three separate FIRs in an alleged PWD scam, including one against the company of Delhi Chief Minister Arvind Kejriwal's late brother-in-law Surender Kumar Bansal.
The whistle-blower may strongly feel about the issues he had raised.. the regulator will follow the due legal process and decide, Balakrishnan said.
Congress leader Charanjit Singh Channi was on Monday sworn in as the chief minister of Punjab, making him the first Dalit to hold the top post in the state.
A number of Congress workers were accompanying Gandhi from Punjab's Patiala district, but the procession was stopped on the highway near Teokar village on Pehowa border for an hour. Before Gandhi arrived at the Punjab-Haryana border, senior Haryana police officials at the spot told reporters that they would not allow more than 100 people to gather at one place as per the guidelines in place due to the COVID-19 restrictions.
Mall owners have incurred a loss of around Rs 3,000 crore during the ongoing second wave of the COVID-19 pandemic over the last eight weeks due to lockdowns and restrictions imposed by various states across the country. In the wake of the second pandemic wave, around 25 per cent of the business of the retail side across categories has been lost and this is going to impact the mall owners as well, according to Shopping Centres Association of India (SCAI) Chairman Mukesh Kumar. However, mall owners would go ahead and complete their under-construction projects as they anticipate demands for commercial and office space once the pandemic recedes, the SCAI said.
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