Companies based in Bangalore: GK, General Studies and Current Affairs

Mihir Dalal authors book “Big Billion Startup: The Untold Flipkart Story”

The book titled “Big Billion Startup: The Untold Flipkart Story” has been authored by Mihir Dalal. It will recount the story of how the IIT graduates Sachin and Binny Bansal built Flipkart and how internet entrepreneurship was made a desirable occupation. It is also a story of big money, power and hubris, as both business ..

Ministry of Consumer Affairs unveiled draft e-commerce norms for consumer protection

The Department of Consumer Affairs (DCA) under the Ministry of Consumer Affairs , Food and Public Distribution has released the draft “e-commerce guidelines for consumer protection 2019” to protect the interest of online shoppers. The draft stated that an e-commerce entity such as Amazon and Flipkart cannot directly or indirectly influence the price of the ..

Amasebailu village becomes Karnataka’s first solar-powered Gram Panchayat

Amasebailu village in Kundapura Taluk of Udupi district has become Karnataka’s first solar-powered Gram Panchayat. Over 1800 houses were provided solar lamps at a total cost of Rs 2.13 crore. The project was funded by Centre and State Government in the ratio of 30:20 and the rest was paid by the Panchayat and charitable organizations. ..

Karnataka launchs Pink Sarathi vehicles for women’s safety

Karnataka Chief Minister H.D. Kumaraswamy has recently launched the ‘Pink Sarathi’ vehicles to attend to the complaints of women passengers travelling in city buses. The vehicles are procured by the Bangalore Metropolitan Transport Corporation (BMTC) under the ‘Nirbhaya’ scheme. The corporation had received Rs 56.07 crore from the Union government under the scheme and had ..

T N Manoharan RBI committee for secondary market in corporate loans

The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans. The terms of reference of the task force would include review of the existing state of the market for loan sale or transfer in India as well ..