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Priyanka

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INDIA

July 28th, 2016 Apple has only been given a "breather" for the first three years by providing relaxation to it in local sourcing norms and the compulsory 30 per cent local sourcing clause has not been completely dispensed with, government today informed Rajya Sabha. "We have just given a relaxation that in the first three years, if local sourcing for...
ACQUISITION

July 26th, 2016 Myntra, a fashion portal owned by India's largest online retailer Flipkart has acquired online merchandise retailer Jabong. Sachin Bansal, Flipkart's co-founder, confirmed the news by welcoming Jabong India to the Flipkart family in a tweet. Welcome @JabongIndia to the @Flipkart family. We'll create history together.— Sachin...
Story

July 24th, 2016 WeWork Cos, the office-space sharing start-up with an estimated $16 billion valuation evicted one of its tenants which wrote and take down a negative blog on medium that suggests members leave has surged in recent months. The posting on Tuesday by Justin Zhen, whose data analytics firm Thinknum operates out of a WeWork site on 42nd...
BUSINESS

July 18th, 2016 Japan's Line Corp saw its shares rocket on their Tokyo debut, extending a strong start in New York the day before, and taking the value of the messaging app firm to $8.6 billion in the year's biggest tech IPO. The operator of the world's seventh most-used messaging app listed first in New York in a move widely seen as a sign of...
News

July 5th, 2016 New Delhi, July 5: Creating a mammoth in consumer offerings, ShopClues has established itself as the ultimate online destination for fashion. India's first and largest managed marketplace is going the extra mile to grow its existence pan-India. The online aggregator has added 60,000 new sellers on its platform in this segment and will...
News

July 5th, 2016 Online aggregator of branded hotels OYO Rooms has inked an pact with Uttarakhand Tourism Development Board (UTDB) to develop better stay experiences for the visitors in the state. As per the Memorandum of Understanding signed, the partnership is to develop tourism-related hospitality ecosystem in the state, Oyo Rooms said in a...
ANALYSIS

July 5th, 2016 Office space leasing by e-commerce firms have dropped by 78 per cent during the first six months of this year with the sector facing challenge to sustain pace of growth and investment. According to Knight Frank report, office space absorption by e-commerce players fell to 0.9 million sq ft in top six cities NCR, Mumbai, Pune,...
FUNDING

July 2nd, 2016 Valued in a groundbreaking development for the Indian entrepreneurial landscape, Venture Catalysts has secured $500000 amount from Zaffiro Ventures. VCats was valued at Rs. 40 crore during the investment process, marking a major landmark in the six months of its operations and underlining its position as the fastest growing seed...
ANALYSIS

July 1st, 2016 How will your retirement life look like? Have you thought anything about it? Most of us would give the answer in No. Most of us believe the idea of living in the present time and therefore, we end up ignoring the future. We splurge on things, and retirement planning is most often left for people above 45 or 50 years. According to the...
FUNDING

June 28th, 2016 Mahindra Partners, an entity of USD 900 million Mahindra groups private equity arm, today announced closing of a new round of funding in Scoot Networks, an urban mobility solutions provider based in San Francisco. With this deal, Mahindra Partners has now joined other investors including Vision Ridge Capital. This financing round...
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