After acknowledging that it asked some of its employees to explore careers outside the company, SoftBank-backed Oyo has begun the process of notifying thousands of staffers individually about their status in the organisation through individual emails, people familiar with the matter said. Layoffs in locations like Delhi and Jaipur were communicated to the staff on […]
Amazon boss Jeff Bezos arrives in India as local traders plan protests
Amazon founder Jeff Bezos arrived in India on Tuesday, according to a post on his Twitter account, as thousands of small traders across 300 cities planned protests, claiming the firm is distorting local retail market. Bezos, dressed in an Indian attire, paid his regards at a memorial dedicated to Mahatma Gandhi, a video posted on […]
Amazon boss Jeff Bezos arrives in India as local traders plan protests
Amazon founder Jeff Bezos arrived in India on Tuesday, according to a post on his Twitter account, as thousands of small traders across 300 cities planned protests, claiming the firm is distorting local retail market. Bezos, dressed in an Indian attire, paid his regards at a memorial dedicated to Mahatma Gandhi, a video posted on […]
Housing ministry launches e-commerce platform for real estate sector
To bring the trust back in the real estate sector, housing ministry launched an e-commerce platform to facilitate homebuyers in identifying genuine properties. The online platform is for projects that have received occupancy certificates (OCs) and is expected to create a seamless, safe and transparent home-buying experience for home buyers. The ministry official said that […]
Housing ministry launches e-commerce platform for real estate sector
To bring the trust back in the real estate sector, housing ministry launched an e-commerce platform to facilitate homebuyers in identifying genuine properties. The online platform is for projects that have received occupancy certificates (OCs) and is expected to create a seamless, safe and transparent home-buying experience for home buyers. The ministry official said that […]
Wall Street battles upstarts in hunt for Silicon Valley rich
By Sophie Alexander and Cristiane Lucchesi Tracey Warson left New York on a mission. The head of Citigroup Inc.’s private bank in North America moved cross-country to San Francisco last year to court the Bay Area’s growing pool of wealthy entrepreneurs and newly minted tech millionaires. “There’s a different energy here,” Warson said. “In New […]
Wall Street battles upstarts in hunt for Silicon Valley rich
By Sophie Alexander and Cristiane Lucchesi Tracey Warson left New York on a mission. The head of Citigroup Inc.’s private bank in North America moved cross-country to San Francisco last year to court the Bay Area’s growing pool of wealthy entrepreneurs and newly minted tech millionaires. “There’s a different energy here,” Warson said. “In New […]
Spotify, Warner Chappell sign licensing deal to end their legal battle in India
Music streaming service Spotify has signed a licensing agreement with Warner Music Group’s music publishing division Warner Chappell for multiple territories including India. Following this agreement, the Bombay High court has dismissed the long-drawn litigation between both the parties after their joint request, the companies said in a statement. “We’re happy with this outcome. This […]
Visa to buy fintech startup Plaid in a $5.3 billion deal
Visa said on Monday it agreed to buy privately held software startup Plaid in a $5.3 billion deal that will boost the payments giant’s access to the booming financial technology space. The transaction highlights how traditional financial firms are willing to pay top dollar to acquire businesses which have established strong positions servicing the digital […]
Flipkart tightens returns policy on rising frauds
Consumers buying winter fashion and lifestyle products on Flipkart will get less time to return products as the Walmart-owned e-tailer is tightening its returns policy. Flipkart is reducing the returns window for the segment to 10 days, from 30 days earlier, suspecting fraud orders by consumers, resulting in a ‘drastic rise’ in returns. Flipkart has […]