MUMBAI - Indian e-commerce firm Snapdeal expects to turn profitable in the next two years, its CEO said, as the company cuts costs and boosts efficiency in a market currently dominated by homegrown Flipkart and U.S. internet giant Amazon. Kunal Bahl, who ... Sify, 1 month ago
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To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01272017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ ...Sify, 1 month ago
By Mayank Bhardwaj NEW DELHI (Reuters) - Prime Minister Narendra Modi on Friday defended his decision to withdraw high denomination bank notes from circulation, as a deadline to end severe cash shortages passed with Indians still queuing at banks to deposit ...Sify, 2 months ago Indians line up at banks to deposit savings or see them disappear Sify, 2 months ago
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash. Illustration: Uttam Ghosh/Rediff.com. I must state upfront that I am an interested party in the tax debate highlighted in this article. The Central Board of Direct Taxes issued a clarification on December 23, 2016, laying out under what circumstances foreign portfolio investors are impacted by the indirect transfer provisions (effectively the ...Rediff.com, 2 months ago
We follow Startup funding deals quite closely and while 2016 did not pan out as good as 2015 in terms of number and amount of funding deals struck in India, there were quite a few companies that raised some eye-popping amount. Over 8 Indian startups raised ...Trak.in, 2 months ago
E-commerce industry is in a mess-- valuations are crumbling, many portals are shutting down and some getting merged with others. Couple of years could be watershed for the sector, but the industry is confident of the inherent strength of the sector and is ...The Financial Chronicle, 1 month ago
The hyperlocal logistics company hires delivery boys to work for a diverse set of clients like Amazon, Bigbasket, Swiggy and McDonald's. Apurva Venkat finds out why clients and investors love it. IMAGE: Shadowfax started in April 2015 with catering to the food sector, but on the strength of its growing clients it has today become an intra-city operator for a diverse set of clients. Photograph: Shadowfax/Facebook.com. Akshaya Annappa, 24, was looking for a job through a friend. He was ...Rediff.com, 1 month ago
IMAGE: The Flipkart head office in Bengaluru. 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.. Flipkart founders Sachin Bansal and Binny Bansal have handed over the operational control of the company they built over the past decade to Kalyan Krishnamurthy, the nominee of marquee American investor Tiger ...Rediff.com, 2 months ago
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