From the Editor's Desk I have seen several ambitious companies getting wiped out because Google decided to enter their space. Given its financial and human resource strength, it is difficult to compete with Google head on. But can Google entering your space actually help your company? This article argues that focusing on small businesses as customers can help you survive and overcome the Google onslaught. Large innovators like Google can in fact help validate the market for you.
PayPal appoints Anupam Pahuja as India head Global payments firm PayPal has appointed Anupam Pahuja as managing director and country manager for India. Pahuja will be responsible for all aspects of PayPal’s India business, it said in a statement. Pahuja takes over from Vikram Narayan who headed PayPal’s India operations from April 2014
Sebi eases currency derivatives rules Sabi says market participants will have to gradually bring down their open positions to comply with applicable limits within a time period specified by the stock exchanges
Olas revenue up from Rs51.50 crore in 2013-14 to Rs418.25 crore in 2014-15; losses jump 20 times to Rs754.87 crore in same year India's leading Cab hailing service Ola has delivered eight-fold jump in revenue at Rs 418.25 Cr in 2014-15comapred to Rs 51.05 Cr in 2013-14. The company has adopted aggressive strategy and has succeeded in widenig its lead over rival Uber.TaxiForSure which was acquired by Ola, posted a loss of Rs.228.32 crore against revenues of Rs.25.35 crore in FY15. On the flipside, while revenue increased eight times, losses jumped by more than 20 times from Rs.34.21 crore to Rs.754.87 crore during the period. Ola's revenue jump has been helped by Micro, Ola’s cheapest offering. The service, launched early March, has helped Ola reverse much of last year’s market share loss to Uber and opened up a big gap over the rival. Ola is also experimenting with different models, for instance, it is piloting a car rental service on an hourly basis, in a departure from its business of point-to-point travel.Ola has also started piloting an outstation service in Delhi, a move that will help the company boost revenue as well as use diesel cars on its platform that are banned from plying in the city by the Supreme Court. ALSO READ :
Are your skills and experience adapted to the franchise you’re investing in? How do you know which franchise is right for you? With nearly 3,000 franchise brands available in 75 different industries, the choices can be mind-boggling. First-time franchisees typically invest a significant portion of their net worth into their new business. They draw from their savings, retirement funds, home equity, and borrow from friends, relatives, and banks for their chance at the American Dream of working for themselves and taking control of their future. It's a huge commitment. For most, failure is not an option.
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