business

Shocked at unprecedented removal: Cyrus Mistry

Cyrus Mistry has written to Tata board members on his abrupt removal as the Chairman of the Tata Group on Monday saying that he is “shocked” by how he was ousted and that the “board has not covered itself with glory” and he was not given “a chance to defend myself.” Mistry[Read More…]

Flipkart CFO Sanjay Baweja resigns

Flipkart Chief Financial Officer Sanjay Baweja has put in his papers after a two-year stint, marking the latest high level exit at the Bengaluru based e-commerce company. “Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December[Read More…]

MakeMyTrip acquires Ibibo for $720 million

MakeMyTrip, the online travel firm will acquire rival Ibibo in an equity deal on Wednesday. The company said in a statement that South Africa’s Naspers and China’s Tencent Holdings are selling ibibo Group to MakeMyTrip in exchange for an issuance of new shares . After the deal, MakeMyTrip will own[Read More…]

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