Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
'We didn't realise what a tsunami The Kashmir Files was going to be.'
An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India's largest corporate groups to scoop up drone start-ups. "Indian corporations lost the race in aerospace and space tech. "No one wants to miss the bus this time. "These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future," says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).
Mithya fumbles to make headway towards truth or dare, observes Sukanya Verma.
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With a robust outlook for mineral-led growth in India, Anil Agarwal-led Vedanta Limited is looking to invest up to $20 billion across its businesses, which includes doubling of silver production and steel capacities. In a virtual press conference had last month, Agarwal said the company planned a capex of $5 billion over a period of three years. The company has not given a timeline for $20-billion investment.
Singh also said that Indian troops are standing firm braving extreme weather and hostile forces to defend the country's territorial integrity.
'Most Indian logistics firms do not have the facility to store and transport COVID-19 vaccine right now.'
Whoever thought an Australian chef would represent India so beautifully in the MasterChef kitchen?
2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio
Chinese giant Xiaomi is going for the premium segment with a view to grabbing market share in the Rs 20,000 to Rs 50,000 smart phone market as well as having offerings up to Rs 70,000 where players like One Plus, Samsung, Vivo and Apple are key players. "Two years ago, the Rs 20,000 plus smart phone market which is considered premium in India was very small. "Out of every 100 phones sold, only 10 were above this price mark. "However, in the last two years, it suddenly grew and we thought it was big enough for us to focus on now," said Manu Kumar Jain, managing director, Xiaomi India.
When a bunch of youngsters come together and decide sustainable fashion is possible, a brand like 11.11/eleven eleven is born.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
'The nervousness is to deliver and if we do well, the nervousness will be, what do we do from here.'
A noted Durga Puja pandal in Kolkata this year will depict the agitation over the farm laws in the country, besides the killing of farmers in Lakhimpur Kheri in Uttar Pradesh.
HR Guru Mayank Rautela offers practical advice.
'It would have been easy to make a small film with Tiger in a basti or an action film like Pushpa which was all mud, grunge and a repeat of what I had done before.'
'We expect exports to touch Rs 1,000 crore by the end of the year.'
Sooraj Pancholi is confident and likeable but his latest theatrical release Time to Dance is worth a digital dekko, feels Joginder Tuteja.
Will space tourism with a niche market of serving only the uber-rich ever be profitable, asks Kumar Abishek.
Besides, Toyota and MG Motor also reported nil sales as they suspended operations even before the imposition of lockdown on March 25 to check the spread of coronavirus. In two-wheeler segment, niche bike maker Royal Enfield said it had zero sales in the domestic market but exported a total of 91 units last month.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Kavaratti has state-of-the-art weapons and sensor suite capable of detecting and prosecuting submarines.
The Centre is looking to procure around 1 billion syringes between September and December to support the COVID-19 vaccination drive.
Mohammed Shami claimed his 200th Test wicket and completed figures of 5-44 as hosts South Africa were bowled out for 197 on the third day of the first Test.
This is the fourth of the six submarines the Indian Navy is to induct under the Kalvari-class submarine Project-75.
Whether you are a fresh graduate, self-employed, an entrepreneur or a CXO, using LinkedIn strategically can put your career on an upward trajectory.
'We are thinking on something like the 'Irrfan Memorial Award' given to the most promising new actor.'
An impulsive decision to resign could eventually turn out to be a big career mistake, warns Srividya Kannan.
The Gandhi Jayanti holiday on October 2 has worked quite well for Bollywood movie releases.
'Private banks are well-placed to deliver good performance over the next six months.'
'Ups and downs keep happening, you have to fight through them.'
'It doesn't matter where you come from. If you strongly believe in your idea and we see potential in scaling it up, there are people to back it up.'
Joginder Tuteja looks at the big November hits in the past decade.
'I went to meet him and he asked me, "Are you Maharashtrian?" and I said yes.' 'He said you are absolutely different in Batla House, but when I meet you, there is this freshness about you.'
The latest Hyundai i20 is an exciting car, given the overall drive experience, transmission, ride quality and tech. And while it may not be as low cost as a Maruti or come with the "heavy German steel-feel" of the Volkswagen, it does carve out a niche for itself at pole position with a combination of technology, styling, drive and ride comfort, and low cost of ownership, says Pavan Lall.
'How can we tolerate such high-handedness?'
India's first indigenous aircraft carrier will be commissioned next year and its combat capability, reach and versatility will add formidable capabilities in the country's defence, Defence Minister Rajnath Singh said in Kochi on Friday.
More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.
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