In an ominous but vague warning, China said Friday that it was drawing up a list of "unreliable" foreign companies, organizations and individuals for targeting in what could signal retaliation for U.S.
Uber reported that the commission earned by Uber Eats dropped 4% on a year-on-year basis, half of which was attributed to increased investments in its India food ordering unit where it competes with bigger rivals Swiggy and Zomato
The Personal Data Protection Bill deals with privacy and security of data and information of Indian citizens. The government is also working on amendments to the intermediary guidelines under the IT Act
Chai added that Uber noticed less aggressive pricing by its competitors - meaning they're not competing as hard to offer the lowest price - and that trend has continued into the second quarter.
This follows a government move to crack down on Chinese e-commerce companies suspected of evading customs duties by sending goods to India masquerading as “gifts” of low value.
Fintech startups have been eagerly waiting for modifications to the KYC guidelines to make it easier to onboard customers, but the industry had sought more convenience for remote KYC mechanisms.
Companies typically spend 1-2% of total revenue on information technology, making the $100 billion Tata Group a significant source of business for IT companies in India
As a result, the growth of GMV in absolute numbers also dramatically fell with only an 8.5% rise to $6.4 billion in the first three months of the year. Last year, GMV grew 28% to $5.9 billion.
In the April-June period last year, SaaS companies attracted the highest total funding, at $233 million, with the amount reducing in subsequent quarters.
The central bank had earlier barred the usage of electronic KYC for non-benefit taking customers. It has also added offline KYC as a new means of user verification with their consent.
Awfis, which was seeded by Three Sisters, has so far raised an estimated $51 million in a mix of equity and debt financing. It had last announced a $20 million financing round led by existing investors in July last year.
A key reason is that Pichai turned down a big new grant of restricted stock in 2018 because he felt he was already paid generously, according to a person familiar with the decision.
Lifelong Online sells home and kitchen products like ovens, gas stoves, cookware, sandwich makers, mixers grinders, as well as personal care appliances and healthcare devices
In an interview with ET, Bansal said Ather has plans to sell over a million units annually in the next five years and reckons the company has the potential to lead the EV two-wheeler space.
With the growth of the Indian e-commerce market slowing and Amazon and Walmart-owned Flipkart dominating the industry, the second tier of e-tailers is now faced with an existential crisis.
Increasing cost of user acquisition has forced players like Edureka to acquire 60% users organically through free YouTube videos and high-quality blogs
The combination of iimjobs' strong brand proposition and Info Edge's strong distribution network, enables Info Edge to better serve its recruiter clients and jobseekers by tailoring its services to meet their requirements
The move marks Paytm’s entry into the organised food tech for institutions category and will help it tap into the high-frequency B2B food ordering business.
The regional digital media venture plans to use the capital raised to strengthen its content delivery platform, catering to emerging regional audiences in the country.
Indians, largely female engineers, have been the biggest beneficiaries of the H4 EAD visa programme, taking over 90% of the 1.2 lakh visas issued since 2015
Amazon Pay will jostle for a bigger slice of peer-to-peer transactions against incumbents Paytm, which is backed by Alibaba and SoftBank, Flipkart's PhonePe, and Google Pay
Oppo is making a second attempt at cracking India's premium smartphone segment with the launch of its new premium series, Reno, which it will introduce on May 28.
Facebook estimates that 5% of its 2.4 billion monthly active users are fake accounts, or about 119 million, up from an estimated 3% to 4% in the previous six-month report.
The wrist-worn gadget is described as a health and wellness product and is a collaboration between Lab126, the hardware development group behind Amazon’s Fire phone and Echo smart speaker, and the Alexa voice software team.
Technology giants Facebook, Google, Twitter and ByteDance are expected to take a hit from the personal data protection bill, which regulates the processing of individuals' personal data
Startup listing norms, dual-class share structures, greater clarity around the draft e-commerce rules and converting the Aadhaar ordinance into law are on top of the agenda for various digital economy representatives
A govt committee has proposed banning all internal combustion engine 3-wheelers on Indian roads by March 31, 2023, and 2-wheelers below 150 cc by March 31, 2025, as part of a larger plan to make India the hub for manufacturing electric vehicles.
One of the country’s largest fintech NBFCs, Capital Float which has been in talks to rack up funds from digital payments major PayU is learnt to be stuck in a prolonged due diligence process
Swiggy is also pushing to increase order density by building products and expanding its restaurant base to drive repeats from the top 50 million internet users
Government has proposed this fund to boost startups that are focussed on priority areas such as rural healthcare, water and waste management, clean energy solutions, cyber security and drones.
The move is in line with Ola’s shift in strategy to largely scale up Foodpanda as a cloud kitchen business rather than as a marketplace model where it would compete head-on with larger rivals Swiggy and Zomato.
Biofourmis will expand its commercialization efforts in the United States and Asia and expand its teams focused on data science, clinical and regulatory, and sales and operations
While foreign investors are not allowed into the retail space, Flipkart is looking to tap the "food retail" business where 100% FDI is allowed and lets the investor open physical stores.
Data of Indian users, who make up 60-70% of Truecaller’s user base of about 140 million, is being sold for about Rs 1.5 lakh (2000 Euros) on the so-called dark web, while data of global users is priced as high as 25000 Euros.
The database was said to have more than 49 million records in it before being taken offline. Scrapping information from Instagram accounts is against the company policies
Huawei’s India smartphone business is set for a massive impact as Alphabet Inc's Google decides to suspend business with the world’s second-largest handset maker after the Trump administration added Huawei to a trade blacklist.
Vian Systems was incorporated earlier this year and Vishal Sikka was listed as an executive officer and director in the filing the company made with the SEC in March.
Manav, which is being spearheaded by the Indian Institute for Scientific Education and Research (IISER) and the National Center for Cell Science (NCCS), has received initial funding of Rs 13 crore from DBT for three years.
Capillary, which offers cloud software as a solution, or SaaS, to retail and consumer goods firms in India and globally, said these accounts contributed 30-40% of its losses in the previous year.
Section 11 of the RTI Act, which lists the procedure for disclosing third-party information, states that government entities should seek a written or oral submission on whether the information sought should be given
From backing the thriving consumer internet space to being bullish on cross-border enterprises and SaaS startups, the India outlook for Tiger Global has changed perceptibly under Scott Shleifer.
The dark web, as it is called, is not accessible through regular browsers. Only tools like Tor, an open source software that allows anonymous communication, allow access to the dark web.
In absolute terms, debit card swipes for March stood at 407 million, almost half of the total ATM withdrawals of 891 million, which has remained constant over the last couple of years, at around 800 million per month.
The company, which runs a digital pinboard and shopping tool, said Thursday that its net loss was $41.4 million in the January-March period. Its revenue grew 54% to $202 million from $131 million.
The government has asked WhatsApp for details on the recent spyware hack that allowed attackers to snoop on users and any remedial action taken, after which it will decide whether to issue an advisory to officials who widely use the popular messaging app.
The Niti Aayog proposal to help boost the fintech sector involves setting up an independent regulator with overarching powers to ensure that no entity has monopoly over data that has been anonymised.
Amazon is opening up its exports business to enable Indian sellers on its platform to sell for the UAE and Middle East markets, both of which have the highest Indian population outside of the country.
"A large part of the decline was due to dilution from Flipkart, which was expected, partially offset by the deconsolidation of Brazil," said Walmart CFO Brett Biggs
In an email sent to sellers, Voonik said it was moving to a single-brand retail model in the coming weeks, and all products that sellers manufacture would be sold under its brand.
Nasscom said regulators in countries such as the UK permit such innovations in their regulatory sandbox, arguing that by including them the RBI could develop a better understanding of the risks.
The executives from consumer electronics, mobile phone, fashion and lifestyle companies said the quantum of online discounts has been scaled down by 10-30% between February and mid-May as compared to the same period last year
The company said it had served 620,000 service orders in April, putting it on an annualised run rate of 7.4 million service orders for the current fiscal
The activities highlight the challenges Facebook-owned WhatsApp faces in preventing abuse in India, its biggest market with more than 200 million users.
SoftBank’s move to further invest in Grofers also puts on hold the on-again, off-again merger talks the grocery delivery service has had with players like Alibaba-backed BigBasket among others.
The government now wants 40 billion digital payments to be done in the country in the current financial year, bumping up last year’s target by more than 33%.
Paytm's founder & CEO, Vijay Shekhar Sharma, said 10 employees in its e-commercial business were sacked while 100 vendors were delisted from the marketplace post an audit conducted by E&Y.
Xiaomi is getting set to launch a range of new products in India to complement the existing line-up of phones and televisions that it already sells. These could include refrigerators, washing machines, ACs, water purifiers and possibly even electric vehicles
Earlier, WestBridge Capital, Multiples PE, Kedaara Capital, Chrys Capital and Nalanda Capital had all mopped up $400 million or more for their first funds.
A majority of these employees were in software services roles. They were let go as IBM focuses on emerging technology capabilities and reduces exposure to traditional services.
With China having blocked Facebook, the US social media giant needs to ensure it gains traction with young Indians to retain its global dominance and benefit from the resultant network effects.
Open may receive $50-60 million, with at least $30 million being pumped in by Tiger Global, which has been on an investment spree in India over the past few months.
Locus uses artificial intelligence to offer services such as route optimization, real-time order tracking, dynamic sales plans and automated shipment sorting to enterprises
Amazon started adding technology to a handful of warehouses in recent years, which scans goods coming down a conveyor belt and envelopes them seconds later in boxes custom-built for each item
Cash flow is the name of the game, and if Masayoshi Son can keep finding new avenues for investors to give him money, then that cash will keep on flowing.
In an interview with ET, Gillian Tans, who rides a bike to work everyday, spoke about Oyo’s overseas expansion and its business model, hospitality industry and the OTAs and overtaking Airbnb in homestay business.
The popularity of Instagram, TikTok, Snapchat and WhatsApp has resulted in a rapidly-growing ecosystem of third party applications that can be used to create funny and quirky content for social media and messaging platforms.
This is part of the initiative to push shared mobility as the transport ministry gets down to framing a policy for 'vehicle pooling' in its bid to reduce private vehicles on roads.
The petition seeks the formulation of guidelines or legislation to regulate content to block what it describes as sexually explicit, vulgar and violent content
Android, used by device makers for free, features on about 88% of the world's smartphones. In India, about 99% of the smartphones sold this year used the platform
Manufacturing, a typically labour-intensive process, is adopting technology to boost productivity and save costs. It is automating core processes to improve quality and stay competitive. This is Industry 4.0 at its most granular.
Uber priced its initial public offering on Thursday at the low end of its targeted range to raise $8.1 billion, adopting a risk-averse stance toward the most high-profile U.S. listing since Facebook Inc seven years ago.
The overall stock grants are expected to be in the range of $100 million and were issued to select employees across Flipkart and Myntra-Jabong, these people in the know told ET.
The technology giant unveiled plans to make Google Pay a bigger payment instrument at the IO19 developers’ conference organised by it in San Francisco earlier this week.
Upstox, backed by Ratan Tata and Kalaari Capital, is a discount broking firm which leverages technology to allow innovative investment options for its users. In its space it directly competes with discount broking major Zerodha.
HCL Technologies forecast the fastest growth in the IT services space as it sees business increasing from clients who are investing in technology to remain competitive.
The company plans to expand physical stores, launch more private-label supplement brands and set up an in-house R&D centre and manufacturing unit to fuel growth.
Healthkart plans to expand its physical store presence, launch more private label supplement brands, and set up an in-house R&D centre and manufacturing unit to fuel growth
Uber has a fraught history with data collection. It has used geolocation data to spy on customers and journalists, deceive regulators and recruit drivers away from competitors
The blockchain group is developing a stablecoin, a type of digital currency pegged to the US dollar or a basket of currencies, making it less prone to swings in price.
Companies in the insurance innovation space are focused on building digital platforms, which are aggregators and robo advisors using machine learning and usage-based selling.
Flipkart has hired KPMG to conduct due diligence of vendors as part of parent company Walmart’s global anti-bribery compliance programme that has been now extended to India’s largest ecommerce company.
The key areas where such upskilling is taking place are machine learning, artificial intelligence, full stack, Internet of Things, blockchain and data science
Google announced updates for its artificially intelligent voice assistant and new privacy tools to give people more control over how they're being tracked on the go or in their own home.
The government already has a special carve-out in the tax regime for recognised startups, which could be useful in making specific changes to their stock option framework
With never-seen-before levels of misinformation and fake news, fact-checking has assumed renewed importance. But is there a business model in place, or is it a mere fad?
The advocacy group has also recommended exempting tech founders from complying with the minimum promoters’ contribution requirement, set at 20% of post-issue capital
About $350 million would go into setting up a local payments processing centre in keeping with the Reserve Bank of India’s mandate to store all payments data locally.
Cognizant's job cuts will be focused on the middle levels, as the US-listed IT services company tries to cut costs and restore growth. Analysts lay the blame on activist hedge fund Elliott Management
12 new-age brands — such as Paperboat, Bookmyshow, Swiggy and Byju’s — have put together internal creative units, following a trend started four years ago by Zomato
Myra co-founders Faizan Aziz and Anirudh Coontoor, will head Medlife's product and engineering departments respectively, along with the 45-member team that will be absorbed by the company.
Uber CEO Dara Khosrowshahi is barring his predecessor Travis Kalanick from taking part in the opening-bell ceremony at the New York Stock Exchange next week, when the ride-hailing company is expected to make its hotly anticipated stock market debut.
The US-listed company’s weak performance dragged down Nifty IT index in India, as investors grew bearish on prospects for the sector. The index was down over 1.5% in afternoon trade.
Top executives at real estate startups such as Nestaway and NoBroker, as well as digital payments firms told ET that an increasing number of consumers are opting for online methods of paying monthly rents.
Several local companies and academia-industry incubators have mushroomed across the country, designing and testing chipsets, microprocessors and allied technology that could be used commercially.
As part of enhancing India's defence capabilities, scientists have been quietly working on all-terrain artificial intelligence (AI)-enabled robots that may eventually patrol the country's borders.
The growing popularity with American teens of the Chinese-created video app TikTok may be an early indication that the next Facebook, Instagram or Twitter might not come from an American company.
Clients are starting to pivot and move ad dollars from platforms where people search for products to places like Amazon, where they are making the purchase
The share capital hike comes at a time when Ola is in the process of raising an estimated $1 billion in equity financing, with its valuation also topping $6 billion.
The funds will be mainly used to automate its operational processes and invest in marketing. It will also look to deepen capabilities in predictive analysis and artificial intelligence and expand sales
Mark Zuckerberg unveiled a fresh design for the world's biggest social network that de-emphasized its News Feed. It also ditched the signature blue banner that has been on the app since its launch.
Talking to analysts after announcing Apple’s second quarter earnings, Cook said the price “adjustment” in India has led to “preliminary some better results there.”