In the last edition, I had raised the issue of how we, as a nation, need to nurture many more first-generation entrepreneurs. There is an absolute dearth of such role models in India. Which is why Flipkart, founded by two friends from IIT-D " Sachin and Binny Bansal " is the poster-boy of India's internet economy.
With the exception of makemytrip.com, there aren't too many new entrepreneurial ventures in the last 10 years that have created " or are even likely to create " billion-dollar enterprises. Anyone who has ordered music or bought books from their site even once would testify to just how nifty their service is. And it would be fair to say that they'd be amongst the most popular online brands in the country.
So why on earth do we have a cover that seems to suggest that things aren't exactly hunky-dory inside Flipkart? Simply because that's the way things really are. We've studied Flipkart for weeks, spoken to scores of people " inside and outside the firm " and vetted our hypothesis carefully to bring you a dramatic story that is bound to give you a whole new perspective on one of India's best known online firms.
Of course, the chances are that the story could run smack into the popular " and almost romantic " perception of entrepreneurship that Flipkart represents. We've tried not to fall prey to that temptation....
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04:51 PM, Jun 23, 2012
New Delhi: Family members of victims of Uphaar fire tragedy on Wednesday held a prayer meet in the memory of 59 persons who died in the theatre 15 years ago and urged the government to bring in legislation to deal with such man-made disasters. Association of Victims of the Uphaar Tragedy (AVUT), which is fighting legal battles, said nothing concrete has happened in the last three years after the government...
12:07 PM, Jun 13, 2012
New Delhi: The Environment Ministry has reacted to a CNN-IBN report about how the UP government had violated environment rules and diverted wetlands in Greater Noida's Dadri to the Ansal group. The ministry has ordered that the work on the project should be stopped. It has also issued a show cause notice. The Uttar Pradesh government sold 2400 acre of wetlands, home to over 5,000 migratory birds. As the area...
07:31 PM, Feb 04, 2012
New Delhi: Union Minister of Environment and Forests Jayanthi Natarajan has ordered an investigate into the sale of wetlands in Greater Noida's Dadri by the Uttar Pradesh. The Uttar Pradesh government sold 2400 acre of wetlands, home to over 5,000 migratory birds to a private builder. "We are extremely concerned about the project on wetland in Greater Noida. A fact-finding team has been sent to Greater Noida this morning. If...
11:39 AM, Jan 20, 2012
Greater Noida: In a fresh controversy surrounding the Mayawati government ahead of the Uttar Pradesh polls, it has allowed the sale of wetlands near Noida to a private builder. Hundreds of acres of wetlands visited by migratory birds from as far as Siberia and Spain were sold to Ansals for a mega housing project in Greater Noida. Angered by the move, the Union Environment Ministry has asked the state government...
06:48 PM, Jan 19, 2012
The Convenor of Association of Uphaar Victims Tragedy said no one has respect for public safety in this country. ...
11:55 PM, Oct 13, 2011
New Delhi: The Supreme Court on Thursday slashed the compensation relief awarded to the victims of the 1997 Uphaar Cinema fire case, disappointing the families who have lost their loved ones in the tragedy. After fighting for nearly 15 years, the Supreme Court verdict on Thursday came as a major setback for the families of the 59 Uphaar tragedy victims as the compensation to the families of deceased older than...
10:15 PM, Oct 13, 2011
New Delhi: Disappointing the families who lost their loved ones in the 1997 Uphaar Cinema fire incident, the Supreme Court on Thursday slashed the compensation awarded to the victims of the tragedy. Compensation to the families of deceased older than 20 years has been cut from Rs 18 lakh to Rs 10 lakh each, while for those below 20 years of age, compensation has been reduced from Rs 15 lakh...
05:12 PM, Oct 13, 2011
New Delhi: In a major relief for Ansal Theatre and Clubotels Ltd in the 1997 Uphaar Cinema fire tragedy in New Delhi, the Supreme Court on Thursday reduced the compensation payable to the family of those killed in the tragedy. The apex court reduced the compensation for persons above 20 years who died in the tragedy from Rs 18 lakh to Rs 10 lakh and that for people below 20...
02:28 PM, Oct 13, 2011
New Delhi: More than 12 years after the harrowing inferno that snuffed out 59 lives and injured 103, the Supreme Court is expected to deliver its verdict on Thursday on the quantum of compensation to be awarded to the victims of the 1997 Uphaar Cinema fire tragedy. The Delhi High Court had ordered the theatre owners and the Delhi government to pay Rs 25 crore as compensation to the victims...
07:45 AM, Oct 13, 2011
Lucknow: Army it seems is also losing land to both public players and land sharks. In a candid admission to a question in parliament last week Defence Minister AK Anthony has admitted that about 220 acres of prime land owned by army in Uttar Pradesh has has been encroached upon. Both public and private real estate in the culprit. Over the decades, this defence land has been encroached upon by...
11:03 PM, Dec 14, 2010
Friday is the 12th anniversary of the Uphaar cinema fire tragedy. ...
12:41 PM, Jun 13, 2009
Investigating agency finds no evidence against retired officer. ...
06:51 PM, Apr 17, 2009
Ansals were the main accused in the Upahaar cinema tragedy case which killed 59. ...
12:40 AM, Jan 31, 2009
Justice B N Agrawal had cancelled the bail of the Ansals and had sent them to jail. ...
02:43 PM, Jan 23, 2009
Ansals brothers jail term reduced from two years to just one year. ...
12:20 AM, Dec 20, 2008
Real estate tycoons were convicted in November 2007. ...
03:01 PM, Dec 19, 2008
Developers like Ansals and Omaxe could slash property prices soon. ...
12:36 AM, Nov 22, 2008
SC has stepped in and cancelled the Ansal's bail, ordering them to surrender. ...
09:09 PM, Sep 10, 2008
Kolkata: Cricket Association of Bengal president Jagmohan Dalmiya on Tuesday said he was waiting for an official communication after ICC chief executive Haroon Lorgat said Eden Gardens would "in all likelihood" host the three World Cup matches next month. "We are hearing that Lorgat said the three matches could be held in Eden Gardens. We hear that the ICC team that inspected the venue on Monday has said the Eden...
12:52 PM, Dec 11, 2007
