• NEWS
    RBI to focus on printing new Rs500 note to address cash shortage

    The two RBI printing presses are targeting around 1 billion new Rs500 notes by December-end. Photo: Pradeep Gaur/Mint Mumbai: Reserve Bank of India (RBI)-operated currency presses will start printing the new Rs500 notes on Wednesday even as the two government-owned presses run behind schedule, said three officials directly involved in the process. The Bharatiya Reserve […]

  • NEWS
    Red Bangle shifts focus from vlogging to films in sustainability quest

    Rebecca and Red Bangle, incorporated in 2011, continued to “vlog” or publish these video logs on the Internet regularly for three more years. On 5 February 2015, Lakshmi Rebecca put out a note along with her Internet talk show, Chai with Lakshmi. The 14.25-minute webisode featuring governance project Swaniti Initiative would be the last of its […]

  • STARTUPS
    Ola renews focus on subscription service to build customer loyalty

    Ola has fixed the price of the service at Rs.549 for one month. Photo: Hemant Mishra/Mint Ride-hailing service Ola (ANI Technologies Pvt. Ltd) has renewed its focus on building customer loyalty through subscription-based privilege programmes to prevent consumers from drifting away to rival Uber Technologies Inc., two people aware of the development said. The move […]

  • STARTUPS
    Start-up Buzz: Snapdeal shifts focus from GMV to net revenue

    Chief executive officer of Snapdeal Kunal Bahl claims Snapdeal is well positioned to turn profitable in the next two to three years. Photo: Bloomberg Mint tells you what’s happening in the e-commerce and start-up world this week. Why gross merchandise value (GMV) is no more the target for Snapdeal? Who all are in the fray […]

  • STARTUPS
    Jabong’s hires show focus on marketplace model

    Gurgaon-based Jabong, owned by GFG, largely runs on an inventory-led model—the company buys the stock before selling. A marketplace model is one where a firm connects customers to third-party sellers on its platform and is thus less capital-intensive. Jabong has hired Ranjan Kant as its chief marketplace officer, indicating the online fashion retailer’s plan to […]

  • STARTUPS
    After Start-up India launch, focus turns to implementation

    Photo: Kamal Kishore/PTI New Delhi: After the hype of Start-up India, the government initiative that brought young entrepreneurs, venture capitalists and policymakers under one roof, all eyes are on the government to see how the policy changes are implemented. On Saturday, Prime Minister Narendra Modi unveiled the start-up action plan, announcing measures including a Rs.2,500 […]

  • STARTUPS
    Start-ups’ focus shifts to conserving cash

    Grofers shut operations in nine cities, citing poor demand, just two months after raising as much as $120 million from Japan’s SoftBank Group and Tiger Global Management. Photo: Ramesh Pathania/ Mint Bengaluru: From Flipkart and Ola to Grofers and Peppertap, start-ups across the board are focusing on cash conservation and making their core businesses fitter, […]