Warren Buffett lunch auction draws $3.3 million winning bid
This year’s price was short of the $3.46 mn record, ranking third in the event’s history.
Rajaratnam fails to cut U.S. insider trading conviction, sentence
The 2nd U.S. Circuit Court of Appeals in Manhattan said the Galleon Group founder waived his claim that his trades did not qualify as insider trading by not raising it in an earlier app...
Flipkart Internet trims losses to Rs 1,637 crore in FY17
The firm had a net loss of Rs 2,306.5 crore in the previous financial year, 2015-16.
Power lunch with Warren Buffett can cost at least $2.9 million
Last year, the winner, shelled out $2,679,001 for lunch with the Oracle of Omaha.
Amazon gets interim relief in ashtrays case
On Wednesday, the Delhi HC gave interim relief to Amazon until the next date of hearing in December.
Sachin and Binny Bansal defined post-Ambani business era
The Bansals, who first met at Amazon’s India development centre in 2006, along with another colleague, had prepared a paper plan to start an online comparison site.
eBay plans to close sale to Flipkart in second half of the year
“We-’re committed to winning in India through this partnership,” said Devin Wenig, CEO at eBay in an analyst call in the US.
With $500-m stake buy, eBay makes a fresh bid
The company will also fold its Indian arm, set up when it bought local ecommerce startup Baazee.com for Rs 230 crore in 2004, into India's largest ecommerce company.
Omidyar Network outguns local VCs in startup bets
The firm is also looking to tap into its global network to recreate successful global businesses in India and vice versa to expand its portfolio reach.
Flipkart buys back $350-million shares regaining private company status
The ecommerce major has purchased 1,895,574 redeemable preference shares and 174,319 non-redeemable preference shares in a transaction that closed on April 27 and values Flipkart at $17.69 billion.
Google most trusted Internet brand in India: Report
"With 1.2 trillion searches per year, it (Google) has become the first port of call for all things on the Internet," the TRA Brand Trust Report 2018 said here.
eBay India’s sales jump three-fold, but losses mount
Bottom line takes a hit in FY16 despite various cost-cutting initiatives, including lay-offs.
HC cautions ebay against violation of its order
The court issued notice to ebay and sought its response before Aug 24 on Eicher's plea seeking contempt proceedings against it for allegedly violating the interim order.
eBay India to sell refurbished products through 'eBay Choices'
“Offering buyers unlimited variety at various price points has been the core proposition of eBay globally for nearly 20 years,” said Latif Nathani.
Rs 2000 notes offered for Rs 1.5L on eBay
This was also used as a lucky number in blockbuster Bollywood movie Deewar, where superstar Amitabh Bachchan’s badge number as a dock worker was 786.
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