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Sachin Bansal is betting his Flipkart fortune on banks

Bansal, through his microfinance firm Chaitanya India, has applied for a banking licence.
The Economic Times

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WEWORKERS COALITION

Global coalition inks pacts to find cure for coronavirus

It is important to learn lessons from the Ebola crisis and not wait a decade for a vaccine, says CEPI vice-chair Gagandeep Kang

Sena rejects Chavan's claim of coalition bid after 2014 polls

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ET Prime Distribution
  • Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.

    The company, which hasn’t yet launched, will enable mortgage holders to make payments and access information on a secure digital platform.

    Fourteen San Francisco-area companies that began trading publicly last year have raised more than $15 billion, led by Uber Inc.’s $8.1 billion and Lyft Inc.’s $2.3 billion. Expand that to include the 16 other Bay Area firms that have gone public and the amount jumps to more than $20 billion.

    Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.

    The survey also revealed that consolidation was on the anvil, with as many as 75% of the respondents saying it would likely start next year. A few also highlighted that mergers and acquisitions would primarily be investor-led.

    SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.

    In a statement sent out by the Tokyo-headquartered investor, late on Thursday, and after ET reached out to it seeking confirmation of the appointment, said Agnihotri will “foster closer connections with the region’s technology ecosystem and the SBIA’s global network.”

    The company has leased eight floors and the total tenure of the deal is 10 years. WeWork India will be paying Rs 144 per sq ft a month taking the total annual payout above Rs 39.2 crore.

    Supporters of Mahanta claimed that he was not allowed in the party office and that police asked him not to enter the office following which he had to meet the workers in different venue. Mahanta, who is the founder president of AGP, told party workers, “Those supporting CAA in AGP must join BJP. AGP has earlier taken a resolution opposing CAA.”

    While corporate software may sound painfully boring, advancements in cloud computing and machine learning mean enterprise companies can give employees creative outlets. Investors liken the new opportunities to those once sparked for consumer startups by the advent of smartphones.

    Online advertising is a potent new tool for tech startups and political campaigns alike. Investors and voters alike also deserve to know how effective it is, and whether it's being abused to make numbers look better than they really are.

    In the coworking space, top seven operators - Cowrks, WeWork India, Awfis, Regus, Smartworks, 91springboard and OYO Workspaces have more than 350 centres across cities in the country, Anarock Property Consultant managing director Anuj Puri said.

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