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The top-level sources told that the decision of initiating the second round of discharge was taken soon after the first lot of employees was released from their jobs.
An email sent to Alibaba didn’t elicit and response and Alibaba’s spokesperson stated that the company does not comment on rumours about personnel movement as a matter of its policy.
With a price tag ranging as low as $10-15 million, Rocket Internet-backed Foodpanda is desperately searching for a buyer for its troubled India operations.
There are rumours that Sinha, too, would be leaving the company by the end of this year.
Snapdeal scooped up the popular m-commerce company FreeCharge, which is estimated to be the biggest ecomm M&A by far.
Rumours suggest that the firm is in talks with multiple financial and strategic investors including Temasek and Amazon to raise $200 million.
Tech giant Apple is all set to unveil its new smartphones iPhone 6 and iPhone 6 Plus available to Indian customers from October 17.
Apple on Tuesday unveiled two thinner and larger screened smartphones, the iPhone 6 and the iPhone 6-Plus, as it looks to fend off competition from Korean handset maker Samsung.
Companies have roped in \'Online Reputation Management\' firms to deal with this menace and protect their businesses, a survey has found.