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Snapdeal Job Cut

No matter the business model of the venture, or its size, or the fact that it is a small or large enterprise – the only yardstick by which the success of any enterprise can be measured is its profit. And that is where Snapdeal has slipped, its founders concede. Snapdeal is one of India’s earliest and biggest e-commerce players. The co-founders of Snapdeal, Kunal Bahl and Rohit Bansal, admitted to have made mistakes and revealed [...]

Haldiram's Success Story

According to recent reports from the Economic Times, desi food giant Haldiram’s recorded a revenue of Rs 4,000 crore, a 13 percent revenue growth, in the financial year 2016. This figure beats the revenues of the domestic figures of American fast food titans – Mcdonald’s (at Rs 1,390 crore) and Domino’s (at Rs 1,733 crore) for the year. The report also compares the revenue of Haldiram’s with Nestle’s flagship product, Maggi instant noodles which was [...]

Flipkart,-Microsoft-Announce-Cloud-Partnership-in-India

Home-grown e-commerce major Flipkart has just announced that it has entered into a strategic relationship with technology giant Microsoft, for adopting Microsoft Azure as its cloud computing platform. The development is good news for both Flipkart, which has continued to grow rapidly in the e-commerce space in India, and for Microsoft. The latter will be able to further demonstrate benefits of cloud computing to the industry, on how companies can leverage the cloud to cut [...]

infosys-problem

Infosys is one of the best known brands in the country. The Bengaluru-based multinational provides IT services and is an outsourcing major. It is the second largest IT company in the country with a market capitalisation of about US$34.38 billion. Known for its employee-friendly environment and work ethics, Infosys has hitherto remained in the news for only the right reasons. Over the past week, however, the company has been in the grip of a crisis, [...]

Sanjiv-Puri-itc-CEO

ITC is not just another brand. Going from the Imperial Tobacco Company (established 1910) to the Indian Tobacco Company (1970) and to ITC in 1974, the company is an Indian icon which employs over 25,000 people in 60 offices across the country. Going from being a tobacco major to becoming a multi-business conglomerate with presence in hospitality, information technology, agriculture, packaged foods and FMCG, ITC is one of the groups that has left an indelible [...]

Tata-Sons-Removes-Cyrus-Mistry-as-Director

In the extraordinary general meeting (EGM) held on February 6, 2017 at Bombay House in Mumbai, the 11-member board of Tata Sons Limited passed with requisite majority the resolution to oust Cyrus P. Mistry as Director in Tata Sons. This was the final separation of any official connection between Cyrus Mistry and Tata Group companies. He now remains a mere shareholder in Tata Sons, where his family owns 18.4% share. Tata Trusts hold around 66% [...]

Apple-to-Make-iPhones-in-Bengaluru

Apple has come to Bengaluru with Wistron, its manufacturing partner from Taiwan, establishing a plant at Peenya, Bengaluru. This facility is expected to be used to make and assemble iPhones from April, 2017. Tim Cook, the Chief Executive Officer (CEO) of Apple had met Prime Minister Narendra Modi earlier this year. It was at that meeting that the Prime Minister of India explained to him the need for manufacturing in India. In fact, Apple also [...]

Break-up-of-Government-Spending-from-Public-Funds

On February 1, 2017, shortly after the Union Budget speech ended in the parliament, the Finance Ministry shared a tweet with a pie chart that showed how the government spends the public funds. According to the estimates put forth by the ministry, for each Rupee of public fund (major income being income from the various taxes), 24 paise is given to the various states as their share of the taxes and duties. The next greatest [...]

Budget-2017

Vasant Panchami or Basant Panchami heralds the onset of spring. It is celebrated across the country. On this auspicious occasion, India’s Finance Minister Mr Arun Jaitley presented independent India’s first combined Union and Railways budget. Here are some of the key takeaways for the Indian Budget for FT 2017-18 - Highlighting the move from a “discretionary based administration to a policy and system based administration” (sic), the FM said that inflation, a major concern, has [...]

Vodafone-Takes-Idea's-Call

Financial Year 2016-17 will surely be remembered in the telecom history of India. Some of the most happening industry events have succeeded in keeping both telecom giants and their customers on their feet, looking forward to more benefits. The introduction of newer, better, more updated smartphones continues to bring cheer to users but it is the launch of Reliance Jio that comes as a real game changer. Free unlimited voice calls across the country by [...]