Narayanan said while there would be some redundancies as a result of integration of the back-end functions of Myntra and Jabong, it will, however, be less than 10 per cent of the overall headcount
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Big retailers are openly talking of plans to harness the power of big data, even reporting those in annual reports as part of a long-term strategy.
Tencent reinforces India's consumer internet story. Ranju Sarkar reports.
The Bansals losing out operational control of Flipkart comes at a time when global rival Amazon, in which Tiger Global holds a minority stake, is stepping up investment in India in an attempt to overtake the Bengaluru-based e-commerce firm.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
The handset delivers on build quality, battery, design, ergonomics and a pretty decent display. The camera performance is not exactly ground breaking, but the price tag covers up for that slight blip, says Himanshu Juneja
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