News Burger of the Day – Your Daily Prep Diet – Jan 19th

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If you follow these articles regularly, they will help you build a broader perspective of the current Indian and global business scenario. Also, moving away a bit from regular news, we will try to bring forth informative articles that will guide your preparation for interviews.

Amazon to start grocery delivery by April

Amazon India plans to launch grocery delivery before April, a move that may threaten the survival of so-called hyperlocal start-ups and provide a boost to its prospects in an intense market share battle with Flipkart and Snapdeal. Amazon’s move comes at a time when grocery delivery start-ups Grofers and PepperTap are shutting operations in several cities or moderating expansion plans to reduce costs.

Flipkart invests in parenting social network app Tinystep

Parenting-focused social networking app Tinystep has raised an undisclosed amount from online marketplace Flipkart, the company said in a statement on Tuesday. The Bengaluru-based firm will use the funds to develop the product, grow its present 25-member team and increase user engagement.

Reliance Jio to raise Rs15,000 crore through a rights issue

Reliance Jio Infocomm Ltd, the telecom business of Mukesh Ambani’s Reliance Industries Ltd (RIL), will raise Rs.15,000 crore through a rights issue. Reliance Jio Infocomm said in a stock exchange filing that the board at its meeting on Monday approved a further issue of 15 billion equity shares of Rs.10 each totalling Rs.15,000 crore to existing shareholders. The company did not disclose why it was raising such a large sum.

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