Hike

Kavin Bharti Mittal-founded Hike, which owns Rush Gaming Universe, has laid off about 55 people - more than one-fifth of its total workforce to absorb the impact of the GST hike on online gaming, a top company official said on Thursday. The development comes within a week of gaming unicorn Mobile Premier League (MPL) laying off about half of its India team or close to 350 people to cut down cost burden due to the increase in GST to 28 per cent. "About 55 people, out of which 24 are non-full-time employees. Closer to 22 per cent. Business is in the best shape ever but this 400 per cent increase in GST is a bazooka pointed at us. We'll need to absorb some of it and as a result the reduction in workforce at Hike/Rush," Hike Founder and CEO Kavin Bharti Mittal said. The entire team of Hike is engaged in the development of Web 3 gaming platform Rush Gaming Universe'. Investors in Hike include Tencent, Foxconn, Bharti Group, Tribe Capital, Polygon, Flipkart co-founder Binny Bansal, seri

Optimistic about demand growth in the current fiscal, JK Tyre & Industries Ltd on Thursday said it has increased price by 6-7 per cent and a further hike is under consideration to reduce the raw material cost pressure. The leading tyre maker said EBITA has started improving and it is likely to be better in the forthcoming quarters. "On an average, the cost input impact on the company due to the unprecedented commodity price inflation was around 30-35 per cent over the last 18 months. We have taken consistent price hikes in the last fiscal and even in this fiscal further price increase to the tune of 6-7 per cent has been done, JK Tyre president (India) Anuj Kathuria said. However, the company has not been able to pass on the entire cost increase and further price hikes are under consideration, he said on the sidelines of the launch of two new tyres for the truck and bus radial segments. "EBITA is improving and it is expected to get better in the subsequent quarters with the price .

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Raises passenger fares from 1-4 paisa in non-suburban trains

From aspiring to be India's answer to WeChat to trying to be another Sharechat, Hike's rollercoaster starts again

Hike is teaming up with Intex Technologies, Karbonn Mobiles to introduce new smartphones, which will cost Rs 3,500-5,000

Home grown messaging app Hike Messenger is set to roll out a "Video Stories" feature on Saturday which will allow users to share videos of up to 20 seconds.

Hike aims to cater to a large number of young users on its platform with the new features that are similar to those offered on Snapchat

hike has 12 live filters, including one that changes a user's face to Narendra Modi

Hike is also focusing on video to take on rivals like WhatsAppb

The scion of the Mittal family wants to make the app a one-stop spot for all activities

All Android users will have the feature this week, while iOS users will get it "very soon,"

India's home-grown instant messaging platform is riding high but its real challenge - revenue stream - begins now