Corporate Corner News 

How Infibeam blazes a trail with crucial pivot, IPO, right acquisitions and surging profit

The battle for e-commerce supremacy in consumer segment will be fought between Flipkart, Amazon and Paytm Mall for the next decade or more. Putting up a fight against them even with a vertical approach seems terribly difficult. So far, none of the vertical play (except Myntra) has been able to create a substantial business. While Snapdeal and ShopClues tried creating space for themselves, their attempts appear to be hollow (given the present circumstances). Nevertheless, outliers find their way irrespective of all odds and challenges. One such outlier is Infibeam. With…

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Corporate Corner Finance News 

2-Day Bank Strike From Today. Salary Withdrawal, ATM Services May Get Hit

Banking operations could be hit as employees of public sector banks go on a two-day nationwide strike starting from today. The bank strike comes after a two per cent salary hike failed to convince the bank unions and several rounds of talks between banks and the unions of their employees did not make any headway. Since the bank protest dates coincides with the month end, salary withdrawals are likely to get affected. ATM transactions may also take a hit. Besides, deposit in branches, FD renewal, government treasury operation, money market operation would…

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Corporate Corner News 

Buy .ooo domains to secure your desired domains

One, who is looking for new website domain for their dream project. However, unable to registered the same because someone already bought from the global domain like .com & others? Don’t worry! You have another global domain to look after named .ooo. This is powered by only public eCommerce company of India named Infibeam.com. You can check availability for your domains through www.buy.ooo Check it out today! 🙂 Courtesy: TheSocialcrawlers.com

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Corporate Corner News Political News 

2G spectrum allocation acquittal: 5 reasons why the case collapsed

A CBI court on Thursday acquitted all the accused, including former telecom minister A. Raja and DMK Rajya Sabha member Kanimozhi, of corruption and money laundering charges in the 2G spectrum allocation cases. It was a shock verdict. Here are five reasons the case against the accused may have collapsed: 1. The CBI couldn’t prove that Raja, along with telecom ministry officials, manipulated the cut-off date for bids in the first-come, first-served policy for allocation of 2G spectrum. 2. The CBI failed to establish that Raja had prior familiarity with two of…

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Corporate Corner News 

No pay for 3 months to 200 employees at Voonik, firm looking at restructuring

Around 200 employees of fashion retailer Voonik are staring at three months of unpaid job as the company is on a cost-cutting spree, reports Times of India. The Bengaluru-based firm is facing issues similar to that seen earlier this year by Snapdeal. The online retailer was unable to raise funds that led to lay-offs of hundreds of employees. At Voonik, there are plans of restructuring teams as the company cannot afford to hold on to its high paid executives. Out of the 350 people working in the company, teams that…

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Corporate Corner Current Affairs News Sports 

Brand Kohli beats Messi on Forbes top 10

It has got nothing to do with the celebrity football match he recently played or the football team he owns, but Virat Kohli is now a more valuable brand than Argentina and FC Barcelona forward Lionel Messi. Cristiano Ronaldo is the only footballer ahead of Kohli, who is No. 7 on the Forbes list of most valuable brands among sportspersons. Forbes list of 10 most valuable athletes in 2017 1. Roger Federer: $37.2m 2. LeBron James: $33.4m 3. Usain Bolt: $27m 4. Cristiano Ronaldo: $21.5m 5. Phil Mickelson: $19.6m 6. Tiger Woods:…

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Corporate Corner Gadgets & Technology News 

Know Steve Jobs – Father of Apple

Steve Jobs, pictured in 1996 PIC: REUTERS Born:25 February 1955 Died:5 October 2011 Early life:Born in San Francisco, Jobs was adopted by Paul and Clara Jobs as a baby and soon moved to Mountain View, now known as Silicon Valley Jobs and Wozniak On a fateful day in 1969, a 14-year-old Steve Jobs met Steve Wozniak, then 19. The pair bonded over a love of electronics, and went on to design and build the first Apple computer in the Jobs family garage. Seeking enlightenment: Jobs dropped out of college in 1972, travelled…

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Corporate Corner Cricket News Sports 

Live – IPL media rights auction: STAR India wins global broadcast, digital rights with bid of Rs 16,347 crores

STAR India wins the IPL media rights (TV and digital) for 2018-2022 with a bid of Rs 16,347 crore. The The Board of Control for Cricket in India (BCCI) auction took place in Mumbai. Catch live updates of the Indian Premier League (IPL) media auction here. Board of Control for Cricket in India (BCCI) is conducting the Indian Premier League (IPL) media rights auction in Mumbai. Initially, 24 companies picked up rights papers to contest for the several rights up for grabs. The BCCI is expected to net around Rs…

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Corporate Corner News 

Major overhaul at Infosys: Nilekani to be chairman, Sikka, Seshasayee resign from Board

  Nilekani returns as as non-executive, non-independent director and chairman of the Board of Infosys. IT bellwether Infosys On Thursday  said it will rope in Nandan Nilekani, the company’s co-founder, as non-executive, non-independent director and chairman of the Board of Infosys, in a dramatic turn of events in the very public battle between the board and founders continues. Infosys also said it had accepted the resignation of the current Board chairman R Seshasayee, Vishal Sikka, who was the executive vice chairman and board director, with immediate effect. Ravi Venkatesan also…

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Corporate Corner Health News 

Govt stops $1.3bn Chinese bid for Gland Pharma

The Centre has stalled a $1.3-billion bid by Shanghai Fosun Pharmaceutical Group (SFP) to acquire an 86% stake in Hyderabad-based Gland Pharma, citing “genuine concerns” over proprietary technology developed by the Indian company going over to a Chinese pharma major. Top government officials on Monday dismissed media reports that the decision was linked to the current border stand-off between the two countries. Sources say Gland Pharma has a lead in injectibles, an area where Chinese firms lag Indian pharma companies. Gland Pharma says it has pioneered Heparin technology in India, and is a world leader in…

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