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Flipkart not to go public; raises $1 bn funding
India's largest e-commerce firm Flipkart said it has raised USD 1 billion (over Rs 6,000 crore) in fresh funding from a group of investors, the largest so far in the fiercely competitive online shopping segment in the country. The company did not disclose its new holding pattern. The sources said, however, that with this round of fund raising, Flipkart is valued at about USD 7 billion (around...
Control + delete   26 July, 2014
Few employees of Microsoft had an inkling of what the company was up to when they got an internal email titled 'Starting to evolve our organization and culture' from CEO Satya Nadella on July 17. The mail announced the company was planning to sack 18,000 employees globally in a year; that is about 15 per cent of its workforce. The last time Microsoft did mass firing was in 2009, when it...
Touching the right chord   26 July, 2014
It is an everyday struggle for Abhishek Baheti—the management student has loads to study, but his phone keeps buzzing with updates in the instant messaging app, WhatsApp. If he checks his phone, it will keep him distracted for a long time, upsetting his study schedule. If he does not, he will miss all the action in the group chats. “My exams are going on but I cannot help but check my...
AI ends contract of 30 pilots, including 15 expats   26 July, 2014
Air India has ended the contracts of almost 30 pilots, including expatriates, over the past six months, a move that would help the cash-starved national carrier make some savings. Fifteen of these pilots are expatriates who were hired for flying the Boeing 787 Dreamliners till Air India's crew got trained, airline officials said, adding that their contract was not renewed any further. With...
Gold snaps two-day falling trend, up by Rs 250   26 July, 2014
After two days of losses, gold prices recovered by Rs 250 to Rs 28,350 per 10 grams today on emergence of buying by jewellers and retailers ahead of the festive season amid a firming global trend. Silver followed suit and rebounded by Rs 400 to Rs 44,800 per kg on increased offtake by industrial units and coin makers. Marketmen said apart from firming trend overseas, emergence of buying by...
Personal data can be extracted from iPhones   26 July, 2014
India threatens to derail deal, prompts US warning   26 July, 2014
Two-fold jump in IOB's Q1 net profit   26 July, 2014
India not to back WTO protocol unless concerns settled   24 July, 2014
India blocks WTO deal on customs rules   25 July, 2014
Nokia paid Rs 250 cr as compensation   25 July, 2014
Direct tax collection on rise: FM   25 July, 2014
Govt has no proposal to reduce gold import duty   25 July, 2014
Coal India undermined by basic equipment flaws   25 July, 2014
Gas price: Govt to appoint committee   24 July, 2014
UAE's TAQA pulls out of $1.6 bn deal   24 July, 2014
Modi govt promises low and stable tax regime   25 July, 2014
Wipro sees strong sales growth, eyes Europe deals   24 July, 2014
'Number of ultra rich to rise threefold'   23 July, 2014
Flipkart launches e-learning category   23 July, 2014
'Nod to 49 pc FDI in insurance to drive capital infusion'   24 July, 2014
Gender pay gap of 29% in IT industry:   23 July, 2014
Hacking virus Bladabindi prowling in cyberspace   24 July, 2014
Nifty hits life high on capital inflows   23 July, 2014
Sweet and sour   19 July, 2014
Jaitley missed an opportunity   19 July, 2014
India to defy WTO deal till concerns are addressed   23 July, 2014
Holes and gaps in National Tax Tribunal Act: SC   23 July, 2014
79 CPSEs have incurred losses: Govt   22 July, 2014
Govt allows GM crops after full evaluation   22 July, 2014
RBI to identify systemically important banks   22 July, 2014
Ramesh for abolishing separate budget for railways   22 July, 2014
India most optimistic consumer market: Survey   22 July, 2014
Cybercrime major threat for businesses: Report   21 July, 2014
Govt promises broadband facility in every village   21 July, 2014
Sensex surges 174 pts in early trade   21 July, 2014
Govt mulls options for auditors to report fraud   22 July, 2014
RIL posts 13.7% jump in Q1 profit   19 July, 2014
GoAir mulls setting up MRO facility at Nagpur   21 July, 2014
Coal India union to oppose any stake sale   19 July, 2014
Maruti's hold on best selling car models continues   21 July, 2014
Plan Panel to apprise PM on performance   18 July, 2014
Sensex, Nifty edge up; IT stocks gain   18 July, 2014
Call for change   13 February, 2012
Volkswagen goes local to cut costs, lift sales   17 July, 2014
Cos to get much-needed capital from higher FDI: Singh   18 July, 2014
RIL plans to invest Rs 35,000 cr this year   19 July, 2014
Bonding within   07 February, 2012
Wake-up call   21 January, 2012
Ambanis spark reunion talk   30 December, 2011
Midas touch   16 December, 2011
Wheels 'n' apps   17 December, 2011
Future perfect   12 December, 2011
Dubai seventh most popular destination   04 June, 2013
More steps to curb gold import   03 June, 2013
New DTC Bill to be tabled in Parliament   07 June, 2013
IndiGo says allowed to import 28 A320s   03 June, 2013
US exempts India from sanctions   06 June, 2013
Internships emerging as key tool   03 June, 2013
No leadership role for son Rohan: Murthy   01 June, 2013
Windows gains amid Apple-Android clash   04 June, 2013
Infosys recalls Murthy for 5 years   01 June, 2013
India to remain on top: Dr Cherian   03 June, 2013
LinkedIn boosts security   01 June, 2013
Petrol, diesel prices up   01 June, 2013
Growing gaps   12 December, 2011
Rate hikes affected growth   26 November, 2011
Dues and woes   03 December, 2011
Occupational hazards   26 November, 2011
Director’s cut   28 November, 2011
Note knot   28 November, 2011
It’s not flying!   19 November, 2011
King-size life   19 November, 2011
Crude system   19 November, 2011
Space odyssey   18 November, 2011
There is a dearth of qualified persons   18 November, 2011
Do not give up your dreams   18 November, 2011
Old bytes, new hats   11 November, 2011
Centre mulls ban on ponzi ads   22 July, 2013
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