News Burger of the Day – Your Daily Prep Diet – Jan 19th
All it takes to get a good job or admission in a good B-school is… a Burger!
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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 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.
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 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.