The new jobs - created both directly and indirectly - will be across industries, including IT, skill development, content creation, retail, logistics, and manufacturing.
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
On Tuesday, while several consumers took to social media to share their grievances about the Snapdeal site crash, many others said they visited the website to either compare prices or for window shopping.
What is worrying is that this year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells in the start-up community in India.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
In India, he has already made investments in both his personal capacity and through DST Global, his venture firm.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Vikramank Singh looks back at the year gone by!
From new and competitively-priced iPhones to slashing prices of its older models, it had a multi-pronged strategy.
US start-ups crash and burn frequently, so why the concern about start-up losses in India? The principal reason, says Kanika Datta, is that Indian start-ups clone ideas from the US. Flipkart, Ola, Oyo, Paytm are all variations of ideas developed in the US.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
With aggressive brand-building initiatives, the companies' advertising budgets ahead of Diwali is understood to have seen a 15% spike
Four websites, including Flipkart, may be blocked if the govt feels they're maintaining objectionable content.
In India, where it is tougher to do business, a start-up gets established by the Series-B stage, and it gets expensive for investors.
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Snapdeal chief executive officer Kunal Bahl said Piramal's investment was a significant endorsement for the firm and the transformation the company has undergone over the last couple of years.
The chief executive of the e-commerce giant is making his second visit to India -- the first since Amazon entered this market.
The Powerwall 'will be great for India where there is a scarcity of electricity. The sun is there pretty much all day and there is no real good way to store its energy,' Tesla CIO Jay Vijayan tells Ritu Jha/Rediff.com.
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Global e-commerce company Amazon has said it sees "substantial uncertainties" in interpretation of Indian laws, which could impact its business in one of the world's fastest-growing multi-billion dollar online shopping market.
Prime Minister Narendra Modi had announced the policy last month.
Snapdeal to spend $1 billion on 5-6 acquisitions this year.
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Its overall picture quality is nowhere close to what Samsung, Sony or even Lloyd 4K TVs offer, says Veer Arjun Singh.
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Dismisses speculation that he would launch a major e-commerce initiative soon.
Vogo, which has a fleet of over 12,000 vehicles mainly across Hyderabad, Mysuru and Bengaluru, is also betting big on India's growing traffic congestion.
Tech start-ups will continue to take the lead in bolstering the regional economy, says Murali Talasila.
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Close to 25 per cent of smartphone-users in country prefer to shop online than use shopping apps, a study by research firm Nielsen said.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
To make the service a hassle-free everyday option, Daily will allow users to schedule their meals in advance or opt for a daily, weekly or monthly subscription.
Flipkart has long been under the ED scanner for alleged violation of FDI rules.
'Almost 75 per cent of our total sales come from the top 50 cities in India.'
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
The power of the small neighbourhood retailer can barely be ignored as organised players look to leverage their last-mile connectivity and reach, luring them by promising support in technology, inventory and tax management.
Paytm has been preparing for the sale for the past three months.
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