Author
The author is an intern with BW Businessworld. She writes for BW Disrupt.
This brings the total number of executives at the level of Senior Vice President to 14 in the homegrown e-tailer.
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Foodtech unicorn, Zomato, which laid off around 13% of its workforce is providing its affected employees an outplacement team and has developed a database called ‘Zomato Talent Directory’ for absorption by other employers after its huge curtailment in the wake of the coronavirus pandemic.
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Shares of Vodafone Idea, British telecom group jumped 35 percent when reports said that tech titan Google be exploring to take a minority stake in the company struggling India business.
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Founded by Kunaal Satija and Hardik Dhamija, Punjab University alumnis in 2018, EduRev is an online marketplace for educational courses hosted and sold by teachers.
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With this investment, Brookfield will become a co-supporter with 24.6 percent stake, along with IndoStar Capital Mauritius having 45.2 percent holding at present.
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The revenue for last year was more than double the company’s tally of about $7.4 billion in 2018.
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The job cuts will reportedly occur across various levels of staff in its offices across London, California and Tokyo.
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These sachet loans are typically small-sized credit against merchant on-the-platform sales.
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It would eliminate the requirement of handing over cards at payment terminals and avoid touching the swipe machine to enter the PIN for a larger base of transactions.
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Reliance Jio Platforms is presently hoping to get openly recorded outside India.
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