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Birla loses $3 billion as India’s mobile war weighs on wealth

Birla is the latest mogul to burn his fingers in Indian telecom since Mukesh Ambani’s entry.

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Nov 22, 2019, 12.27 PM IST

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Amazon offers free music streaming service; rival Spotify slips

Amazon offers paid plans for its music service starting at $9.99 per month. It is also part of its prime bundle. The company launched free version of its music service for Alexa users on Echo devices in September.

Kirana stores to get a shield against Flipkart, Amazon

The proposed exercise is aimed at consistency, simplification & low compliance burden ...

Traders to protest against Amazon, Flipkart on Wednesday: CAIT

During the nationwide agitation, traders will observe November 20 as 'National...

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  • The ecommerce marketplace is the top recruiter at the NITs, including those at Jalandhar, Trichy, Calicut and Malviya NIT, Jaipur. Amazon was day 1 recruiter at NIT Trichy this year along with others like Microsoft, DE Shaw and General Electric. Flipkart is looking to hire interns from the top 22 B-schools, according to a company spokesperson.

    The ecommerce marketplace is the top recruiter at the NITs, including those at Jalandhar, Trichy, Calicut and Malviya NIT, Jaipur. Amazon was day 1 recruiter at NIT Trichy this year along with others like Microsoft, DE Shaw and General Electric. Flipkart is looking to hire interns from the top 22 B-schools, according to a company spokesperson.

    The fund has a 30-stock portfolio and the current top 10 holdings include Apple, Amazon, McDonalds & Disney.

    Amazon founder and CEO, Jeff Bezos, committed investment worth $5 billion in the Indian market in 2016.

    The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.

    The AGR drama may end up setting every wrong precedent possible. Future investors will think twice.

    Cloud kitchens are delivery-only properties that help restaurants reduce their real estate and labour costs while keeping the window of expanding brands and offerings rapidly. Swiggy claims to have created 8,000 jobs through Access and looks to add 7,000 more in the next 6 months.

    FASTags will become mandatory for all vehicles, private and commercial, from December 1, 2019. These are currently issued by 22 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and bank branches.

    The ministry of consumer affairs is looking to add a section detailing penalties for ecomm firms.

    Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.

    Meanwhile, US defence secretary Mark Esper said on Friday the Pentagon awarded the contract to Microsoft after a fair competition. “I am confident it was conducted freely and fairly without any type of outside influence,” Esper told a news conference in Seoul.

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