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Export ban: Onions lying on ports to be exported

India has allowed the export of onions lying on ports in transit to all countries including Bangladesh, government sources said on Fri ...
The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| 19 September, 2020, 08:02 AM IST | E-Paper


    Quikr realty wins SEBI mandate to liquidate properties worth over Rs 7000 crore

    As a part of its recent engagements, Quikr Realty has also been recognized as the only company to be appointed by the Government of Maharashtra to conduct e-auction process for properties. It has also liquidated properties for customers such as SEBI, Justice Dingra, and Justice Sarin in the past.

    HC restrains OLX, Quikr from posting fake Reliance job ads on web portals

    The web portals are engaged in publishing classified advertisements...

    Swedish investor lowers Quikr valuation by 45%

    The fall in valuation comes as the Bengaluru-based online classifieds and transactions marketp...

    • Rahul Tewari has over two decades of experience across strategic finance, corporate development and investment banking in the technology sector

      Healthcare technology company Indegene has brought on board Marut Setia, former chief marketing officer for GE’s South Asia region, as senior vice-president of emerging markets and devices. Atul Tewari, former COO of Quikr, has also joined the team.

      From Uber to Airbnb, the number of successful startups formed during the great financial crisis of 2008-09 may prove that the economic downturn may in fact be a good time to take the entrepreneurial plunge.

      Quikr has laid off close to 1,000 employees, which is about a third of its total 3,000 workforce over the last few weeks, said a source, even as it shut down its beauty services business AtHomeDiva.

      With Quikr and Zefo as a combined entity, we will be able to offer a broader selection of products at even more competitive prices along with as strong a focus on quality, said Pranay Chulet, founder, Quikr.

      Omni-channel goods’ resellers such as OLX, Quikr, Cashify and Yaantra are witnessing a flow in demand towards the organised refurbished and pre-owned smartphone market in just over a week of easing of lockdown restrictions.

      Sequoia Capital and Helion Venture Partners-backed Zefo will continue to operate independently after the acquisition, they said.

      YES Securities Investment Banking acted as the financial advisor for the deal while IndusLaw and S&R Associates were the legal advisors, the company said in a statement.

      Over the past 4 weeks, at least two dozen top companies have fired employees and contract staff.

      Housing brokerage firm PropTiger, reported that only 5,926 luxury units have been sold till January this year, out of the 13,290 homes launched by developers across nine major cities during the last three calendar years (2017-2019). As per the data, 1,131 units were launched at a price above Rs 7 crore and only 554 have been sold.

      Founders say entrepreneurs face tremendous pressure daily and need better support systems.

      Quikr India has seen operational revenues rise 95% to Rs 173.49 crore in FY18, compared with Rs 88.67 crore last year as per financial documents filed with the Registrar of Companies.

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