News Digest: Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion

		THE TIMES OF INDIA
		Thursday, December 01, 2016
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		Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion A mutual fund managed by Morgan Stanley has sharply cut the value of its shares in India's largest e-tailer for the fourth time over a period of a year, valuing the company at $5.5 billion. Flipkart loses another top executive Flipkart's SVP (engineering) Peeyush Ranjan, who was the chief technology officer at the company till a few months back, has resig ned, adding to the list of top-level exits that have hit the e-tailer since last year. Here's how ban on Rs 500 and Rs 1000 notes may hurt PM Modi's 'Make in India' plans Industry insiders said they expect 2-3 months impact on current manufacturing activities. Analysts expect demand to normalise by mid-February to March. More Technology News»

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Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion

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Here are some stories that you don't want to miss today Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion A mutual fund managed by Morgan Stanley has sharply cut the value of its shares in India's largest e-tailer for the fourth time over a period of a year, valuing the company at $5.5 billion. READ MORE Buy the stylish wedges at just Rs. 499 Take the center stage & buy wedges starting at just Rs. 499. Limited stock! Reliance Footprint Recommended by Colombia Flipkart loses another top executive Flipkart's SVP (engineering) Peeyush Ranjan, who was the chief technology officer at the company till a few months back, has resig ned, adding to the list of top-level exits that have hit the e-tailer since last year. READ MORE Here's how ban on Rs 500 and Rs 1000 notes may hurt PM Modi's 'Make in India' plans Industry insiders said they expect 2-3 months impact on current manufacturing activities. Analysts expect demand to normalise by mid-February to March. READ MORE New Renault KWID AMT – Live for more Introducing the first-in-class AMT DIAL. Get ready to drive the future. Renault Kwid Recommended by Colombia Rs 500 and Rs 1000 notes ban: Apple sees huge sales jump in India iPhone sales skyrocket immediately after scrapping of Rs 500 and Rs 1,000 notes as people rush to dump banned currency. READ MORE Motorola Moto M with Helio P15 processor to launch in India soon Lenovo-owned Motorola is all set to launch its mid-range smartphone, Moto M, in India. The company has teased the Moto M on its social media platforms with some image showing the back of the phone. READ MORE WhatsApp video calling is now available to everyone In order to use the feature; both the parties should have the latest version of the WhatsApp that supports video calling READ MORE Acer launches world’s thinnest laptop in India Weighing 1.1kg, it is the firm's first-ever laptop thinner than 1 cm, beating the recently launched HP Spectre which measures 1.04 cm. READ MORE Meet Lakshmi, India's first banking robot Endearing, interactive and superfast with data, India's first banking robot Lakshmi made her debut on Thursday in the city. Launched by the Kumbakonam-based City Union Bank, the artificial intelligence powered robot will be the first on-site bank hel... READ MORE This is how Flipkart plans to improve customer experience It will rank sellers in three categories — gold, silver, bronze — and also offer added benefits including discounts on shipping fee, faster payouts and priority seller support. READ MORE OnePlus 3T with Snapdragon 821 SoC confirmed, courtesy Qualcomm The OnePlus 3T is speculated to be an upgraded version of OnePlus 3 smartphone and is likely to launch on November 14. READ MORE

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