Category: Business

Citigroup Follows Morgan Stanley, UBS, Quits Recruiting Pact – Bank

Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street`s biggest securities brokerages to not sue each other when a broker switches firms. Morgan Stanley and UBS Group AG`s Wealth Management Americas discontinued the agreement, called the “broker protocol,” earlier this year.[…] Source: Zee Business […]

SEBI on WhatsApp Leak: Clear That Info Leaked from Companies

In a stern warning to companies for leakage of key financial details, market regulator Sebi today said all those responsible, including auditors, would face action and the rules would be strengthened if required. Addressing a press conference after a board meeting, Sebi Chairman Ajay Tyagi said it is clear from the case involving the leakage […]

McDonald’s Follows Different Food Standards for India: Bakshi

McDonald’s estranged partner Vikram Bakshi today hit out at the fast food major, saying it follows “different standards” for India compared to other countries and continuously ignored the food quality concerns raised by him for the past four years. Bakshi’s response came after McDonald’s India earlier alleged lapses in food quality and safety level by […]

Business Standard-SoftBank’s Lydia Jett Joins Flipkart Board

According to an Economics Times report, Japanese conglomerate Softbank executive Lydia Jett who recently stepped down as a director at Snapdeal, joined the board of Indian eCommerce giant Flipkart. According to Jett’s LinkedIn profile, she looks after consumner internet and e-commerce investments at Softbank Vision Fund. The Vision Fund is an investment fund backed by sovereign nations […]

Sellers on Flipkart Dragged to Court for Selling Fake Footwear Products

 E-commerce players usually attract customers with mega deals and heavy discounts on various branded products. Sellers on Flipkart was dragged to court after a US-based athletic footwear brand, Skechers, accused it of selling fake products at higher discount. An Indiatimes.com report stated that Skechers has taken sellers on Flipkart to the court after it came […]

Flipkart, Shopclues, and Snapdeal are Selling Fake Products to Customers: Report

The internet is being widely used these days for online shopping. But everything you see on screen is not always as it might seem. All major e-commerce platforms recently conducted their Christmas and Diwali sale, where shoppers spent around Rs 19,000 crore on online shopping. Over the last year, the sector has seen a 45 […]

WeWork’s Powered By We Item is Fundamental to 2018 Development Strategy

WeWork had a big year in 2017. The seven-year-old company opened 90 new locations, doubling its global membership, and expanded into new cities in Latin America, Asia and Australia, and Europe and Israel. It is reportedly valued at $20 billion. While 2018 holds more of the same — WeWork plans to launch 1 million square feet […]