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Nov 19, 2019, 10.48 AM IST

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Average stipend offered for summer internship at IIM Indore up 12%

Female students on an average have received 24% higher stipend than their male counterparts in the summer internship placements, officials said. The highest stipend offered was Rs 4 lakh, the same as the previous year. IIM Indore has the biggest batch strength of 589 students in the class of 2021, including 258, or 44%, girls.

Three killed at shooting at Walmart in Oklahoma: Media

Three victims were killed, local media reported citing the Oklahoma Highway Patrol. A ...

Amazon, Flipkart lead in B-school hiring

The ecommerce marketplace is the top recruiter at the NITs, including those at Jalandhar, Trichy, Ca...

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  • Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.

    Flipkart has been struggling to figure out a definitive long-term strategy for the fashion portal.

    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.

    Many established business houses have set up online transaction channels.

    NinjaCart, which connects farmers directly with businesses by cutting out middlemen, issued 300 debentures to Trifecta Capital for a total consideration of Rs 30 crore on October 24, regulatory filings showed.

    Navi Technologies has made a profit after tax of Rs 1.9 crore on revenue of Rs 16 crore for the financial year ending March 31, the filings show. Bansal, who has been actively investing in startups for a few years, has focused on financing through debt in the past year.

    Indian digital payments took off when the govt pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in to curb corruption and push Indians away from cash. UPI has now surpassed a 100 million users 3.5 years after its launch, thanks to booming smartphone use and wireless data rates among the lowest in the world.

    “We continue to build capabilities for the future through investments in revamping our technology infrastructure to enhance our omnichannel capabilities and in people development,” the company said.

    Studies suggest that customer’s behaviour has now been shifted to need-based decision rather than brand-driven decision. 70 percent of the word searches done on Amazon are for general goods.

    100X.VC is India's first venture capital firm to invest in early stage startups using India SAFE Notes (iSafe). Under iSafe, an investor makes a cash investment in return for a convertible instrument.

    Galaxy M has been an online exclusive smartphone series, but Samsung has decided to take it offline as well, heeding to demand from offline retail lobbies for smartphone makers to curb launch of online exclusive models and offers since these hurt their business.

    Ecommerce companies Amazon, Walmart-owned Flipkart and Snapdeal presented views on possible data localisation, sharing aggregate customer data with the government and potential data portability on Tuesday.

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