Archive for Business
Flipkart’s Myntra Buys Rival Jabong for an Undisclosed Amount
E-commerce giant Flipkart makes its second big acquisition, buying out Jabong for an undisclosed amount. In 2014, Flipkart had acquired Myntra to shore up its fashion offerings in what was…
Airtel launches ‘Happy Hours’ for prepaid users: Offers 50% data back
NEW DELHI: The country's number one telecom service provider Airtel has launched 'Happy Hours' for its prepaid users. As a part of the offer, Airtel will allow users to schedule…
Brexit blow: Tata steel may put off UK assets sale
MUMBAI: India's largest private steel maker Tata SteelBSE % is likely to put on hold its plan to sell its steel business in UK after the exit of Britain from…
Delivery boy steals 12 iPhones from Flipkart, gets caught
A Flipkart delivery boy has been arrested for stealing at least 12 iPhones from his employer. The delivery boy’s name is B Naveen, reports the New Indian Express. The report…
Oracle owes HP $3 billion in damages for breach of contract, jury says
Oracle must pay HP $3 billion in damages, a California jury has ordered, for breaching a contract relating to HP's servers. HP says Oracle broke an agreement to keep developing…
Vodafone to proceed with IPO in India after spectrum auction
New Delhi: British telecom major Vodafone is likely to take a call on the timeline of initial public offer of its Indian arm after conclusion of the impending spectrum auction.…
Uber Rolls Out ‘Upfront Fares’, Replacing Estimates
Cab-hailing app Uber Friday said it will now present its riders in the US and in some parts of India with 'upfront fare', making it easier for customers to see…
Amazon goes all out to take on Flipkart
It's a sort of cat and mouse game that Amazon is playing with Flipkart. In May, the global giant's Indian arm had increased the referral rates it charges on sellers…
Airtel Open Network – Marketing gimmick or Genuine take up
The call drops issue has been one of the most discussed issues in recent times and TRAI (Telecom Regulatory Authority of India) has been taking it seriously for some time…
Uber slashes fares to Rs6 per km for UberGo to compete with Ola Micro
Bengaluru: Flush with funds, Uber Inc. has slashed fares in Delhi to match rival Ola’s (ANI Technologies Pvt. Ltd) cheapest offering Micro, a move that could trigger a price war…
Microsoft Shifts To Social With Huge LinkedIn Deal
Washington: Microsoft on Monday shifted its focus to social networking with a massive $ billion deal for professional social network LinkedIn. With its biggest-ever acquisition and one of the largest…
Amazon’s $3 bn will give Flipkart, Snapdeal the nightmares.
Forget the funding crunch and valuation mark downs, the Indian e-commerce sector is going to see more action. That is what Amazon's pledge to invest $3 billion in India indicates.…