Good Morning..... News 8.10.14 1. A contrite Flipkart has moved swiftly to limit damage after an outcry over the manner in which it handled what was billed as Indias biggest online sale ever on Monday. The founders of Flipkart apologised profusely to customers in a widely-publicised letter and gave senior employees a private dressing down after a flood of complaints from customers disappointed that they were unable to cash in on a promised shopping bonanza. We know that your experience was less than pleasant. 2. The festive season has failed to bring cheer to the real estate market, with builders and brokers reporting notso-encouraging sales over the past two weeks. Unlike the boom years, builders this year had resisted the temptation to launch new projects in the season, focussing instead on reducing the inventory that has piled up over the past few quarters. 3. Hero Cycles, the worlds largest bicycle maker by volume, has called off its proposed acquisition of Germanys leading cycle maker Mitteldeutsche Fahrradwerke AG (MIFA) citing non-fulfilment of a condition of the agreement by the company. 4. The stakes couldnt be higher for Apple and Samsung this Diwali as they unleash their newest devices — the iPhone 6 and 6 Plus will be ranged against the Galaxy Alpha and Note 4. 5. The Directorate General of Civil Aviation (DGCA) has initiated the process of recertifying all airlines in the country in an attempt to ensure full compliance from all stakeholders during the audit by Federal Aviation Authority (FAA) in December this year.
Posted on: Wed, 08 Oct 2014 04:24:27 +0000
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