I T Dept Issues Notices to Sachin & Binny Bansal over Walmart Deal

Sachin and Binny Bansal are being pursued by income tax officials. Flipkart co-founders are facing I-T scrutiny owing to the Walmart deal that was sealed earlier this year. These I-T notices that were sent last month want Bansals to disclose the total income arising out of their stake sale to Walmart and capital gains received…

ByGirish ShettiNovember 22, 20180Comments

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Elon Musk’s Pot Smoking Video may have landed SpaceX in a Dock

There can be little doubt that Elon Musk is one of the maverick entrepreneurs of our generation, but that hardly justifies his antics that he keeps dabbling into every now and then. Now it again turns out that Musk’s antics are proving to be an impediment in his entrepreneurial pursuit, after space agency NASA said…

ByGirish ShettiNovember 21, 20180Comments

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Zuckerberg says He isn’t ‘Going Anywhere’ amid calls for his Resignation

An embattled Mark Zuckerberg appeared on CNN on Tuesday evening for an exclusive interview as he desperately tried to stem off the rumors about his resignation. Zuckerberg without mincing any word categorically said that his resignation is certainly not on the cards. "I'm not going to be doing this forever, but I'm not currently thinking that…

ByGirish ShettiNovember 21, 20180Comments

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Bitcoin Price Bites Dust, Crashes Below $5000

The downfall in Bitcoin prices continued on Monday with the price of the world’s most popular cryptocurrency touching a new low. The price of Bitcoin at the US market on Monday crashed below $5000 for the first time since October 2017. Bitcoin’s price witnessed a healthy depreciation of 14% to finish the day at 4,586.94. Monday’s…

ByGirish ShettiNovember 20, 20180Comments

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It is Almost Official: Jabong is Planning a Massive Layoff

It always happens so that when a large company merges with a small company, it is always the small company that ends up taking the big hit. This most certainly seems to be the case with the impending merger between Myntra and Jabong, with Jabong being the smaller company and is expectedly feeling the maximum heat. Jabong…

ByGirish ShettiNovember 19, 20180Comments

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Aditya Ghosh: The man who said No to ‘Tatas’ for ‘Oyo Rooms’

Aditya Ghosh is no stranger to taking risky decisions and big bets. After all, it was his unflinching penchant for taking risky decisions that proved instrumental in transforming Indigo Airlines into one of the topmost budget airline companies in the world. Now Ghosh will be expected to walk the same line of fire with great…

ByGirish ShettiNovember 16, 20180Comments

Farmers burning field to prepare for planting

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IKEA Will Help Clear Delhi’s Air, Plans to Turn Straw into Products

Good news Delhi! IKEA has plans to clear Delhi's air and make it smog-free. Air pollution is one of the world's greatest environmental issues and IKEA aims to solve it with its 'Better Air Now' initiative. It will start this drive from India. IKEA wants to use rice harvesting residue to make products, which is otherwise…

ByTechPluto StaffNovember 16, 20180Comments

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Post Binny Bansal Saga, Flipkart Awaits for Another big Shake-up

Barely 48 hours after Binny Bansal’s shocking resignation, Flipkart is probably waiting for another big shake-up. According to Economic Times, India’s largest online retailer may witness exodus of nearly 20 senior executives. However, this exodus has mostly nothing to do with Binny Bansal’s resignation. The buzz is that this exodus is mostly the result of the…

ByGirish ShettiNovember 16, 20180Comments

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Is FoodPanda falling into a Trap by offering Deep Discounts

Industry analysts have always argued that deep discounts can get you deal hunters but never loyal customers. However, this conventional wisdom hardly seems to bother FoodPanda as it is busy offering deep discounts to customers. The Ola owned company has, of course, resorted to this seemingly desperate strategy in order to catch up with Zomato…

ByGirish ShettiNovember 13, 20180Comments

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Angel Investors in India have to face lot of Uncomfortable Truths. But there is still Hope

This news may dampen your spirit a little, especially if you are rejoicing over recent strong indications that VC funding is finally seeing revival in the Indian startup ecosystem. But again, my duty is to bring out complete & comprehensive picture, which essentially means that I should not leave any uncomfortable stories. So the uncomfortable truth…

ByGirish ShettiNovember 5, 20180Comments

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