Thursday, 11 May 2017

News Digest: Big 10 Sale: Flipkart expects five-fold growth in transactions

THE TIMES OF INDIA
Friday, May 12, 2017
Today's Headlines

Big 10 Sale: Flipkart expects five-fold growth in transactions
E-commerce major Flipkart expects to see a five-fold growth in transactions on its platform during its 'Big 10' sale that begins next week.

SoftBank gets Nexus' nod for selling Snapdeal to Flipkart
The term sheet with Flipkart could be signed within this week and the due diligence for the deal would commence immediately thereafter.

Here's what is behind the string of layoffs at IT companies
With deceleration in revenue and hazy demand outlook, top IT companies will try hard to guard profitability.Improving the proportion of fixed cost projects in revenue, making hiring decisions more dynamic and keeping check on operating costs are some of the initiatives taken by IT exporters to retain operating margins within a permissible band.

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