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Housing.com appoints Mani Rangarajan as CFO

New Delhi: Realty portal Housing.com has appointed Mani Rangarajan as chief financial officer (CFO) to strengthen its senior management team. Mr Rangarajan has held executive level roles in companies such as Citigroup and Yahoo. He has also been involved with several start-ups in India in advisory roles, SoftBank-backed portal Housing.com said.

India’s drug stores plan protest against online pharmacy

Reuters- As many as 850,000 small chemist shops in India will shut for a day next week to protest against a burgeoning online pharmacy industry that is attracting big money backers. The one-day nationwide strike on Oct. 14, called by the All India Organization of Chemists and Druggists (AIOCD) comes as a government panel started […]

Cafe Coffee Day set to launch its IPO on 14 October

India’s biggest coffee chain, The Cafe Coffee Day, will launch an initial public offering next week. Coffee Day Enterprises Ltd (CDEL), the holding company of the Cafe Coffee Day (CCD) aiming to raise up to $176 million in the country’s biggest IPO in nearly three years. Cafe Coffee Day’s share sale is scheduled to close on […]

Dr. V A Shiva Ayyadurai: The Indian Who Invented E-MAIL

A scientist, inventor and entrepreneur from India. But there is more to know about the inventor of EMAIL. Dr VA Shiva Ayyadurai, now living and working in the US, left India as a seven-year-old with his parents and in 1979, as a high school student, he developed an electronic version of an interoffice mail system, […]

E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl

The e-commerce bubble is likely to burst sooner than later as businesses run on profits and not on ideas, former MD of Network18 Raghav Bahl said. “The bubble is going to burst. History has been witness to this time and again. For the past 100 years, these bubbles have been created from the Tulips, to […]

Why these big Corporates like Reliance, Tata, Birla showing interest in startups now

One of Reliance Industries’ offices in suburban Mumbai became unusually busy last week. The Reason: a second batch of 10 startups joined the country’s largest private firm’s four-month acceleration programme, run in partnership with Microsoft Ventures, to help them scale up operations through mentoring and infrastructure support in exchange of technology and ideas. A month […]

UrbanClap hits $10 million mark, one of the fastest growing startups

UrbanClap, a mobile marketplace for services ranging from the likes of house cleaning and beauty services at home to interior designing and wedding photography, said the value of monthly transactions on its platform has reached $10 million (Rs 66.6 crore). The startup had achieved the mark in August, less than six months of its mobile […]

Ratan Tata invests in food startup Holachef

Chairman emeritus of Tata Sons Ratan Tata has made a personal investment of an undisclosed amount in the online marketplace for chefs Holachef. Launched in September 2014 by Saurabh Saxena and Anil Gelra, Holachef has seen substantial growth in Mumbai and Pune, the company said in a statement today. “Ratan Tata’s name and body of work is […]

Rediff Introduces Real-time ‘Conversations’ to its Platform

Rediff.com India Ltd. (NASDAQ: REDF) (“Rediff” or “the Company”), an India-based internet company which delivers digital content and commerce services, introduced ‘Conversations’, a real-time messaging platform, making it easy and secure for users to converse on topics of common interest. Users can create ‘Conversations’ on the fly and invite others to contribute. Participants can also […]