__gaTracker('send','pageview');

Category archives: Business

Sweden to India: How a Cup of Masala Chai Fuelled IKEA’s Journey to Hyderabad!

Founded in 1943 by Swede Ingvar Kamprad and headquartered in the Netherlands, furniture giant IKEA makes revenue worth €38.3 billion with 411 outlets in 49 countries. Deemed as the world’s largest furniture dealer, IKEA has finally set up its first-ever store on a 13-acre campus in HITEC city, Hyderabad. And while the numerous conversations CEO of IKEA India Juvencio Maeztu had with Indian biggies may be credited for the 2012 […]

Independence Day online sale: Amazon, Flipkart, Paytm offer big discounts

The e-commerce industry has come up with various offers and discounts for Independence Day. Popular online shopping destinations Flipkart and Amazon, in competition to each other, have rolled out discount offers for its customers during the festive season. The sale by Amazon will continue for four days, i.e. from August 9 till August 12. Flipkart on the other hand will attract customers through its three-day sale. Amazon sale As per […]

7 businesses which will never need an office

Are you ready to start your own business, but not quite ready to invest money in rent or lease for an office space? Don’t worry, we’ve got you covered. Not all businesses need plush offices to succeed. Some just require a great entrepreneur who is willing to put in the hard work and long hours. There are plenty of business options for people who want to be solopreneurs and keep […]

Banks collect Rs 5,000 cr from customers in FY18 for not maintaining minimum account balance

As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India’s largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. The government-owned SBI, […]

Zuckerberg Loses More Than $15 Billion in Record Facebook Fall

Facebook Chief Executive Mark Zuckerberg’s fortune took a more than $15 billion (roughly Rs. 1.03 lakh crores) hit on Thursday, as the social media company suffered the biggest one-day wipeout in US stock market history a day after executives forecast years of lower profit margins. At least 16 brokerages cut their price targets on Facebook after Chief Financial Officer David Wehner startled an otherwise routine call with analysts by saying […]

Flipkart to take on Amazon’s Prime Day sale with its Big Shopping Days sale

Walmart-owned Flipkart plans to counter the hugely-anticipated Amazon Prime Day sale starting at noon today, with its Big Shopping Days sale. While the Prime Day sale is on for 36 hours, Flipkart’s Big Shopping Days will go on till July 19. The e-commerce giants are banking on attractive smartphone discounts to lure customers during these online shopping fests. Flipkart is offering deals on smartphones from Samsung, Google and Vivo. There […]

5 Reasons Why The Monsoon Prediction Is So Important For India?

Almost like clockwork the monsoon and the monsoon prediction come hand in hand. It will not be wrong to say that as the scorching summers draw to an end, the monsoon predictions become almost a national obsession. From political forums to national television and even kitty parties, the monsoon predictions take centre-stage. But have you wondered why monsoon rains and prediction about them are so important? Is it only because […]

Story behind the name TATA’s SUMO

Every day top executives of Tata Motors used to take lunch together but from some days, Sumant Moolgaokar used to take his car and go out during Lunch Hours and come back as soon as the Lunch Break was over. There was a grapevine that he is offered lunch at a Five Star Hotel by some dealers of Tata. One day when some executives followed him during Lunch Break, they […]

How Amazon and Netflix are changing comedy in India

Standing on a stage facing an amused audience, Indian stand-up comic Kanan Gill recounts his experience of going for “handwriting analysis”. “The guy looked at my handwriting and said, ‘Sir, you are very gullible,’” he says. “I was like, ‘How do you know that?’” “And he’s like, ‘Because you came here.’” The audience howls with laughter. This is a clip from Mr Gill’s hour-long Amazon Prime special, Keep It Real, […]

Trump And Kim Look To Bury The Hatchet And Make Way For A Peaceful & 'Denuclearised' Future

US President Donald Trump and North Korean leader Kim Jong Un signed a “comprehensive” document following a historic summit aimed at the denuclearisation of the Korean peninsula. There were no immediate details on the contents of the document but Trump said he expected the denuclearisation process to start “very, very quickly”. Although the breakthrough made at the summit marks just the start of a diplomatic process, it could bring lasting […]