The crash in cryptocurrencies is in for its worst week yet. This by far, has been the worst ever time for the crypto market in 2018. With Bitcoin slipping closer to $4,000 and other cryptocurrencies falling down the steep slope on Friday, the Bloomberg Galaxy Crypto Index’s decline has reached 23 per cent, since November […]
Future group expects to generate inordinate e-wallets revenue
Future group is expecting digitization to fetch significant revenue for their business, with e-wallet serving as a means to meet the objective Future Group, an Indian retail conglomerate, based in Maharashtra is expecting its app-based wallet, Future Pay, to generate a significant amount of revenue in the succeeding year. It is expecting Rs 30,000 crore […]
Jabong to cut down strength by 200 in the next three months
After recent shuffles in the company, Myntra could sack 200 employees at Jabong in the coming three months. The move comes after concluding to lay off 250 employees as a part of merging multiple functions at Jabong and Myntra, a person aware of the process said. According to sources, a terse townhall in Jabong lasted […]
Jet Airways bid: Tata Sons chairman seeks a controlling stake
Tata Sons chairman, N Chandrasekhar, to propose a bid for the biggest merger and acquisition (M&A) deal, India has yet to witness. The company has held primary discussions, to purchase a larger stake in debt-ridden Jet Airways. The proposal will be a step towards the company’s long-term financial goals, and interests in the aviation sector. […]
BGR Mining shared its ongoing project details
On the journey of becoming the world’s leading coal extractor, BGR Mining has 15 ongoing projects spread across the country. The company aims to finish the projects before their respective deadlines as a testament of their speed and efficiency. Though the execution involves a cost-efficient approach, there is no compromise whatsoever on the environmental as […]
Increased growth, losses and expenditure – Flipkart’s big game in the online retailing sector
In what seems an irony, Flipkart India Pvt Ltd, the country’s largest online retailer saw the losses rise nine times in 2017-2018. Owned by US based Walmart Inc., the company’s marketplace unit, Flipkart Internet Pvt Ltd narrower losses comparatively along with a noticeable increase in growth, as per the regulatory documents from Tofler and Paper.VC. […]
Rajesh Exports leads the gold market with its value chain
Bangalore-based Rajesh Exports is a leading gold regulator with almost 35% control of the global market. Originally started out as a 500 sq ft in 1989, the company registered a consolidated turnover of FY16 at Rs 1,61,000 crore. Prashant Mehta, Rajesh Exports MD, expressed his vision of taking the company to a new level of […]
Indians lead the way, Amway gets Milind Pant as new CEO
Direct selling dietary supplement maker, Amway, has announced Milind Pant as the Global Chief Executive Officer. Coming with a vivid experience in the industry, he was a part of Yum! Brands, and was the President of Pizza Hut International. Pant will be taking on the role with Amway from January 2, 2019. The company has […]
IKEA planning to launch its third store in Bengaluru, to invest Rs 1,000 crore
Planning to launch e-commerce services in India, the Swedish home maker furnishings retailer Ikea said it would commence operations by March next year. Ikea India Chief Executive Officer Peter Betzel also said that the company is planning to open its third store in India, in Bengaluru. The store, which will be a 5,00,000 sq ft […]
ShopClues launches its International Store ahead of festive season
Credited with being India’s first online marketplace, Shopclues recently announced a treat for their customers. Expanding their product range and services just ahead of the festive season, the company launched its new online International Store on October 6, 2018. Breaking the monotony, and welcoming new brands in town, the Shopclues International Store is offering the […]