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Sindhu Bhattacharya

Mar 31, 2015

Stopped investor meetings, yet to even use SoftBank funds: Snapdeal

He emphasised that Snapdeal is well funded for the next "couple of years" before throwing a bomb shell: "We have not even touched the SoftBank money till now....we don't have to raise capital because its fashionable....we have stopped taking investor meetings for now". #Alibaba #GoJavas #Narendra Modi #SBI #Snapdeal #SoftBank

Mar 30, 2015

Snapdeal pushes sellers on to fulfillment centres as it targets 4-hour deliveries

Snapdeal became the first e-commerce giant in India to pick up a small stake in a logistics company Go Javas, in its continued efforts to strengthen logistics and last mile delivery dynamics. #deliveries #E-Commerce #Go Javas #Snapdeal

Mar 30, 2015

Now independent board directors push for Air India privatisation

Though nothing has been decided on the matter yet and there has been no formal resolution by the airline's board either, the independent directors' wish could set the ball rolling. Earlier this month, the Heavy Industries Ministry had created a flutter by classifying Air India as "sick", reviving a discussion on whether the Government should get Air India off its hands as its financial situation is not improving despite continuous equity support. #A Gajapathi Raju #air india #Gurcharan Das #Infosys #Narayna Murthy #Privatisation

Mar 28, 2015

No hijack: How false WhatsApp messages about AI flight created a scare

Rumours spread through WhatsApp about a potential hijack situation on board an Air India flight created a scare. #air india #Germanwings #India #Pankaj Singh #WhatsApp

Mar 23, 2015

Once it bags payments bank license, Itzcash looks to raise Rs 500-600 cr

The Reserve Bank of India had stipulated that a payments bank requires minimum paid-up equity capital of Rs 100 crore and Goel's commitment helps the company meet this requirement. #ATM #ItzCash #PaymentsBank

Mar 18, 2015

Lifting 5/20: Why barring new airlines from Gulf routes is bad protectionism

The entire process that the Ministry of Civil Aviation has followed in trying to lift the 5/20 rule is riddled with confusion and reeks of bad planning. #5/20 rule #air india #AirAsia #CAPA #Domestic flying credits #FIA #IndiGo #Jet Airways #Kapil Kaul #Ministry of Civil Aviation #PolicyWatch #SpiceJet #Vistara

Mar 18, 2015

Snapdeal buys stake in GoJavas, earmarks $150-200 mn for logistics

Founded in 2013, GoJavas is an Indian supply chain solution provider that serves around 30,000 consumers per day in 85 cities. #Amazon #Business #DealStream #Flipkart #GoJavas #Myntra #Rohit Bansal #Snapdeal

Mar 16, 2015

Meru raises $50 mn, scouts for acquisitions as competition heats up in cab services market

Meru CEO Siddharth Pahwa confirmed to Firstpost that his company has successfully raised $50 million from the current majority stakeholder India Value Fund and the second round of $100 million should get over sometime next month where money is being raised from new investors. #cab services #Meru #Ola #TaxiForSure #Uber

Mar 12, 2015

Govt has no business to be in business: Sell off Air India or shut it down

Air India should have either been sold off or shut down long ago - it appears to be lurching from one financial crisis to another. Now is as good a time as any for the Government to take a bold decision and get this ailing airline off its hands. #air india #Civil aviation #Narendra Modi #PSU #sick