Oyo has not honoured contracts and is demanding changes in terms that have already been agreed, threatening to withhold payment if hotels desist, says Budget Hotel Association of Mumbai president Ashraf Ali
Facebook also announced ‘Brand Collabs Manager’, a tool that will help brands find creators to collaborate with for branded content opportunities on Facebook.
The Tencent-backed Wattpad runs a story-sharing website and mobile app where writers can share their original stories — including fan fiction and love stories — with a wide community of readers
The apps have benefited mightily from the short-video craze that’s taken hold among preteens and adolescents but this is putting them in danger from predators, experts said.
Freshmenu has seen operating revenues increase 72% to come in at Rs 122.3 crore in FY18 compared with Rs 71 crore last year. Net losses rose only marginally to Rs 43.8 crore from Rs 42.2 crore last year.
Wooing older people to Snapchat, known for disappearing messages and cartoon selfie photo filters, could alienate its cult following of youngsters, ad buyers have warned the company
Called "Today In," the service shows people information from their towns and cities from such sources as news outlets, government entities and community groups
One97 shares changed hands at roughly Rs 18,200 a piece this week, running up nearly 60% in the last six months after Warren Buffett's Berkshire Hathaway bought a stake in the company, according to four brokers dealing with the shares.
Xiaomi, which has unseated Samsung from volume leadership in the smartphone market in late 2017 and has now unshackled the TV industry with aggressive pricing, is bigger in revenue than combined sales of local operations of Sony and Panasonic.
This is the first time Snapchat has offered local publisher content in India, and follows recent announcements of other expanded Discover offerings within the last month in the UK, France, Germany, Norway, and the Middle East.
YouTube said its move to make programming free was aimed at satisfying growing international user interest in original programming and advertiser demand to associate with special content
Amazon said it was aiming to make data transfers from space cheaper and easier through 12 antennas that will allow direct transmission to its data centers across the globe
The last time Microsoft's market capitalization was bigger than Apple was in 2010. Microsoft fell behind Apple as computing shifted from desktop machines to mobile devices like iPhones. However, the rise of cloud computing changed Microsoft's fortunes about five years ago.
For the year through March 2018, Billdesk reported a profit of Rs 148 crore on revenue of Rs 929 crore, show its filings with the Ministry of Corporate Affairs
Bessemer Venture Partners, known as an early backer of Linkedin, Pinterest and Shopify, is close to finalising a Series-A investment in the software-as-a-service (SaaS) space
Neeraj Arora was being touted to take over as WhatsApp CEO earlier this year however the role of global head of the company was given to Chris Daniels.
Future Group’s founder Kishore Biyani is negotiating a wider agreement with Amazon that will provide the world’s largest online retailer the option to buy him out in the future
Airbnb India country head Amanpreet Bajaj says that listings on the site in India have grown 115% in a year, and how Indians are looking for unique experiences on the road.
Rohit Chomwal, the 'main accused' who the police say made the extortion calls to Paytm's Vijay Shekhar Sharma and got some money, claims he was in fact the whistle-blower in the case
GOQii CEO Vishal Gondal said they are looking to enter Japan next year and would work extensively with Mitsui & Co to establish its footprints in Asia’s second-largest economy.
India's two most influential startup founders Sachin Bansal and Harsha Majety are optimistic about the next decade and the companies that will be built in the technology space
In a bid to cash in on the craze for Ikea’s furniture, independent sellers on Amazon are buying several products, including chairs, stools, saucepan sets in bulk from Ikea’s only store in Hyderabad and selling them to buyers across the country
Flipkart co-founder Binny Bansal recently filed a police complaint against the woman for false allegations and blackmail but later withdrew the charges after she offered an apology
Quikr, which started operations in 2008 as a pureplay classifieds model deriving revenues from an ad-based listings model, has moved to a full-stack transaction-led business over the past two years.
Amazon emailed an undisclosed number of customers to report that their emails and names were inadvertently shared due to a technical error that has since been fixed.
Shipra Dawar, founder of ePsyclinic, said 10% of cases that came to it in the past one month were of sexual harassment, but women generally hesitate to report those fearing that it might jeopardise their career
In case of cyber security insurance, actuarial data is scarce as it is a new line of business. And the little data that insurance companies have loses relevance because cyber threat keeps getting deadlier.
The notices were sent to the promoters of India’s top e-tailer along with similar ones sent to 35 other stakeholders who had some shareholding in the company. Both the Bansals had more than 5% stake each in Flipkart.
Cognizant has seen employee attrition of over 20% in three successive quarters and analysts had been concerned that a slew of cost-saving measures had cut too deep and that the company was losing out on top talent.
SoftBank’s hunt for new bets in India comes about three months after it exited Flipkart, India’s largest e-commerce company, in a transaction that delivered returns of over $4 billion.
The move comes following incidents of breaches of personal data of Indian users from internet companies such as Facebook and Google, which the government came to know from public statements by these companies
As chief operating officer, Sheryl Sandberg is in charge of Facebook's business dealings, including the ads that make up the bulk of the company's revenue
The home ministry summoned officials of Facebook, Twitter, WhatsApp and Google again this month to enquire about their appointment of grievance redressal officers for India.
The investment is likely to catapult delivery firm into unicorn club, make SoftBank single-largest investor as founders seek to pare holdings substantially
Neighbourly, which is part of the Google's ‘Next Billion Users’ initiative, will be launched in Delhi and Bengaluru on Wednesday, followed in other Indian cities
The proposed draft data protection policy law requires every data fiduciary to store at least one copy of personal data collected on a server/data centre located in India.
Instagram is booting fake followers, likes, and comments generated by applications tailored to make accounts appear more popular than they actually are.
Several Twitter users accused Dorsey of hate-mongering and hurting sentiments. Twitter has said the text on the placard that Dorsey held was “not a statement from Twitter”.
Razorpay's total workforce is about 250 employees and the share sale is expected to benefit talent across ranks - from team leaders at the top of the hierarchy to support executives at its call centre.
Facebook received 16,580 data requests from the government in the January-June period as compared to 22,024 requests in all of 2017 and 13,613 in 2016. Facebook said it provided data to the government in 53% of the cases.
Startups say that since the Mahesh Murthy scandal, the investor community has become proactive in ensuring their startups have an ethics policy and anti-sexual harassment policy.
While a lot of Indians, or at least those in cities, are familiar with subscribing to services, product subscriptions are still a relatively new phenomenon here
Through acquisitions and large-scale training and reskilling initiatives, Indian IT companies large and small have developed the ability to deliver new-age services
Google announced in February that the cloud division, which sells computing services, online data storage and productivity software such as email and spreadsheet tools, was generating more than $1 billion in quarterly revenue.
Jabong held a townhall on Friday to discuss the restructuring, and about 8-9% of the total workforce of about 1,500 at Myntra Jabong were laid off, as per a source.
Walmart-owned Flipkart has lined up an aggressive hiring spree that includes senior talent in domains such as supply chain management, technology, marketing, human resources and product.
Apart from matters of personal relationships, industry members say Bansal's exit has served as a wake-up call for the startup community in India to ensure transparency among founders.
Myntra will be integrating all of Jabong's functions with the company, days after Walmart put the two fashion business of Flipkart Group under the direct control of CEO Kalyan Krishnamurthy.
"I think it's really important that when you look at a company like Flipkart, when you get to that size and that level of complexity, it's not only about one person. So we've made the appropriate changes" said Dan Binder, Vice President, Investor Relations at Walmart
The Enforcement Directorate has confirmed it is investigating whether ecommerce companies Amazon and Flipkart have violated India’s foreign exchange regulations.
Zomato's diversification plan is simply to double down on food business — from supplying clean ingredients to restaurants to delivering food to customers and beyond
Binny Bansal insisted he didn’t have any obligation to disclose the relationship, especially because there was no evidence of assault. He also didn’t think he should have to answer more questions after the investigation
Ola and Uber initially offered huge incentives to onboard hundreds of thousands of drivers transforming their lives, but are under pressure now to reduce their expenses.
With a mobile-only subscription plan, Netflix will be able to retain its existing premium subscription offering while attracting a potential set of new subscribers, especially in mobile-first markets like India
Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindles
The focus on the wholesale B2B business has become more significant following regulatory changes in early 2016 that limited sales from a single vendor to 25% of a digital marketplace’s gross sales.
Binny Bansal’s inglorious departure from Flipkart clouds his legacy. His strength was quiet execution but his criticality to the company had been diminishing over time
Jack Dorsey touched upon Twitter’s role in the MeToo movement, the importance of US president Donald Trump to Twitter and his belief that there is no complete, perfect solution to tackling fake news
Infosys founder NR Narayana Murthy is shocked that little is being done to clean up the toxic air in Delhi, named the city with the worst pollution in the world
Audible will offer more than 2,00,000 full-length audiobooks and original programmes, including a curated selection of 400 Audible-exclusive English titles by leading Indian authors, including Rabindranath Tagore, Hussain Zaidi and Shashi Tharoor.
In China's tech sector, hiring numbers are down, company margins are thinner and tumbling technology stocks have wiped nearly half a trillion dollars this year.
Apple has also decided to discontinue the partnership with Infibeam, since the platform has not been able to gain much scale for the company, two senior industry executives told ET
Whoever develops the new-age computer, which has the ability to do an extraordinary amount of calculations simultaneously, will have the edge to dominate our information age. We have been laggards for decades but with increased funding, India is fast playing catch-up.
Pratyush at the Indian Institute of Tropical Meteorology, Pune ranks at number 45, while Mihir at the National Centre for Medium Range Weather Forecasting in Noida ranks at number 73
Tinder users will now be able to type any word that describes their gender identity on their profiles. They will also have the option to display their gender on their profile
Google, which led a $12 million equity financing last year in Dunzo in its first direct investment in India, is expected to again lead or co-lead the upcoming funding round
Union Home Secretary directed Twitter's legal, policy and trust and safety lead, to ensure a round-the-clock mechanism for prompt disposal of requisitions of law enforcement agencies.
After regulatory changes in early 2016, which limited sales from a single seller to 25% of the total GMV of a marketplace, the company saw a huge rise in revenue to ₹7,047 crore in FY17 from only ₹2.6 crore in FY16.
A tweet edit functionality has been one of the most requested functionality on Twitter for years, although the company has dodged this demand until now
Amazon Internet Services (AISPL), the reseller for Amazon Web Services (AWS) in India, also reported a profit of Rs 28 crore, compared with a Rs 10-crore loss the previous year.
As US icons like Google and Facebook come under fire for privacy violations and enabling hate speech, their Chinese counterparts are touting theirs as the superior model.
The number of new temp jobs is likely to touch 300,000, up from 130,000 last year. This may get a further impetus as the number of online shoppers is expected to rise to 175 million by 2020 from over 100 million in 2018
In picking Robyn Denholm to keep Elon Musk in check, Tesla’s board went with a numbers-first executive who climbed up the ranks of multinationals’ finance departments
Indian IT companies have been complaining about the increased issuance of request for evidence, which has required them to raise the lead time required for a visa.
The deal would be the first test of debt investors' appetite for the Saudi-backed technology fund since the crisis triggered by the murder of Jamal Khashoggi
“Asia continues to be a growth engine for us globally and India year-to-date has seen its revenue peak at an all-time high," said Maya Hari, managing director of Twitter for Asia Pacific.
These retailers picked up Apple’s iPhones and Realme, Honor and One-Plus smartphones while also stocking up on Xiaomi handsets, which aren’t adequately supplied to meet offline demand.
Among the new original films commissioned by Netflix include three films produced by Bollywood actors Priyanka Chopra, Anushka Sharma and Madhuri Dixit
In the world of Instagram travel, the skies are always sunny, the seas calm and the vistas epic, leading skeptics to charge the platform with publishing fiction.
For nearly three decades, Indian IT services firms hired thousands of engineering graduates and brought them to their training facilities. This changed around five years ago.
Alibaba combined the operation of food delivery service Ele.me and online restaurant guide business Koubei under a single management team and holding vehicle in October
Given the rapid adoption of digital payments across the country, RBI in its Annual Report for 2017-18 had said it was considering a plan to establish a separate ombudsman to handle consumer complaints related to digital transactions.
Match Group has been investing heavily to take its cash cow Tinder to emerging markets and promote its other dating services as competition in the dating market heats up.
For Sony, smart TVs contributed 65% of sales in October, while for LG India it was 70%. For brands like Vu, Kodak and Thomson, smart TVs accounted for upwards of 80% with sales even in smaller towns.
The All India Online Vendors Association, a body representing over 2000 online merchants, had filed a petition in May alleging preferential treatment by Flipkart to certain sellers.
Audible is currently offering a 30 day trial for all users and a 90 day trial for Prime members, following which the service will be available for a recurring payment of Rs 199 per month.
SoftBank Group, Alibaba Group and Foxconn-backed online retailer posted a loss of Rs 613 crore in 2017-18, down 87% from the year-ago fiscal when it posted a loss of Rs 4,647.1 crore
Salil Parekh, who formally took over as Infosys CEO in January, has focused on stabilizing the company after public wrangles between its board and co-founders culminated in the dramatic exit of the well-regarded Vishal Sikka.
The company launched the financial services arm two years ago and is chasing the huge digital opportunity in “Bharat” or in tier II and Tier III towns.
MeitY has directed ministries and government departments to observe “due diligence to ensure that their schemes are not misrepresented by fake/fraudulent entities for extorting money from innocent people.”
Uber India, Google India, Swiggy reported zero cases of sexual harassment in recent financial years, while Flipkart, Paytm, Ola reported not more than a dozen cases in a year.
Mindtree’s social inclusion platform, I Got Skills, was earlier given the task of conducting tele-counselling, face-to-face interviews, matching candidates with trainers, and shortlisting candidates.
The story spans Uber’s operation to spy on a Chinese rival, an international bribery investigation, and the starkly different positions of Khosrowshahi and Kalanick in the face of a simmering geopolitical crisis.
The Chinese venture capital firm, started by smartphone maker Xiaomi founder Lei Jun and Tuck Lye Koh, is also in talks to invest in social commerce startup Meesho
Flipkart, Amazon and Paytm Mall exited FY18 with mounting losses even as their revenues grew, underlining that these companies do not intend to hold back on expenses.
Elon Musk said the firm is looking at establishing 'partial presence' in India, Africa, and South America by the end of next year, and expanding further in 2020.
The company currently has a loan book of Rs 530 crore. Arulmany said the he expected the loan book to increase to over Rs 800 crores in FY18-19 and then up to Rs 1500 crores in the following fiscal, FY19-20.
Amazon Seller Services spent ₹1,145 crore on lawyers under legal professional expenses for the year ended March 2018, 47% higher than the previous year
Search experts warned that this issue is going to get worse over the coming years if measures aren’t taken to combat worsening air quality in the national capital.
“It is highly unlikely that we will be able to launch it on and from December 1 due to various reasons, including not being able to create the Digital Sky platform for the launch of drone operations,” said a senior government official.
"Whenever we deal with licensing situations, it's very hard for us to predict accurate timelines on the basis of multiple partnerships" said Spotify CEO Daniel Ek
Rising protectionism from the US administration and restrictions imposed on H-1B visas issued to Indian IT services firms has forced many of these companies to hire local graduates.
"Food will continue to be a large area of focus for us. Over the past few years, we have deployed close to $2 billion in food delivery (globally)" said Naspers Ventures CEO Larry Illg
The amount, which is categorised as an expense towards “purchase of advertising space”, could further increase the company’s tax liability in the country.
India's e-commerce sector will attract more funds from investors and more aggressive investment by key players, which will ensure that the industry’s loss figures remain high for the next few years at least.