#MarketWire is your daily roundup of notable business movements in the business and technology industry. This segment features news from Myntra, Ola, Uber, Snapdeal, Amazon, Patanjali, Patanjali & iSPIRIT
Myntra is Back with its Desktop Website
A year after shutting down its desktop and mobile site, Myntra is back with its desktop website. Acquired by Flipkart in 2014, the company had shut its mobile website in March 2015 and its desktop website in May 2015. Before closing the website, 90% of its traffic and 70% of its sales came from the mobile platform. However, Myntra had to re-launch its mobile website, in February 2016.
Commenting on the matter, Ananth Narayanan, CEO of Myntra, said, “We listened to your feedback and brought the website back. We believe that customers should have maximum choice, be it in selection of clothes or the device they like to shop on”. Read More.
Karnataka Transport Department Issues Circular to Ola and Uber to Stop Unlicensed Operations
Karnataka On-demand Transportation Technology Aggregators Rules 2016, which was implemented a couple of months ago, lead to a major outrage between the transport department and cab aggregators like Ola and Uber.
Taking a strong decision against the continued violation of the rules by cab aggregators, the department now has issued a circular stating that the aggregators who are operating un-licensed cabs in the city will have to stop operations with immediate effect. As per the rules, aggregators are required to obtain licenses and permits for the taxis that ply in the city under their banner. But with cab companies remaining unresponsive to the many enforcement drives conducted by the department, taxi drivers have had to face the brunt of paying up every time their vehicle would get seized by the department. Read more.
iSPIRIT Launches ‘Policy Hack’ Initiative to Make Govt Initiatives More Comprehensible
iSPIRT has taken a step towards demystifying recent government initiatives for startups through the launch of its ‘Policy Hack’ initiative. The initiative was launched by Jayant Sinha, Minister of State for Finance.
Under the Startup India initiative for accelerating the startup movement in India, the government announced an array of measures. However, many startups and entrepreneurs expressed their qualms regarding the vagueness of those policies and their implications. This is what iSPIRT’s “Policy Hack” meetings will clear, and assist startups in developing a clear understanding of those announcements. Read more.
The Advertising Standards Council of India Upholds Ads by Snapdeal, Amazon, Patanjali and Just Dial
The Advertising Standards Council of India’s (ASCI) Consumer Complaints Council (CCC) has upheld consumer complaints against advertisements, including ads by Snapdeal, Amazon, Just Dial and Patanjali, etc. for violating ASCI’s Code. Read more.Category Business News