On Thursday, IT minister Ravi Shankar Prasad took to Twitter to reiterate the Centre’s concern at the breach of privacy of Indians, and said his ministry had sought an explanation from the app.
Social media companies, including Twitter rival Facebook face growing pressure to stop carrying ads that spread false information that could steer elections.
Discussions around an eventual IPO come at a time when ByteDance needs new engines of growth with TikTok on the wane as global downloads of the video app fell for the first time in the September quarter.
In FY19, FreshMenu said it earned Rs 141 crore in revenue with a net burn of Rs 30 crore compared to Rs 123.72 crore in revenue and a loss of Rs 43.88 crore in the financial year 2018
The fund infusion into MX Player will further intensify the competition in the domestic video streaming market which has been growing exponentially on the back of cheap mobile data
Amazon, which is locked in a battle against Flipkart, had registered cumulative losses of over Rs 7,000 crore across various units in 2018-19. However, the fresh funding is indicative of Amazon's confidence in the Indian market.
Google has increased spending in recent years on areas including cloud computing and consumer electronics that it views as essential to maintaining its industry leadership
Children of Indian immigrants are going against the tide and becoming internet content creators, even if it means giving up stable and well-paying jobs.
With millennials taking on to social media to fish for wedding ideas, several wedding service providers have also turned social-media savvy to market their services
Delhivery's net loss for the year widened to Rs 1,781.03 crore from Rs 684.45 crore. Total expenses rose to Rs 3,463.3 crore, almost double of what it reported in the year before.
Apart from Jio, all the digital businesses of the group such as JioCinema, JioTV, JioSaavn and other platforms such as education, healthcare and gaming will be housed in the new subsidiary
Chief financial officer Brian Olsavsky said the online retailer’s performance in the current quarter would also be affected by an increase in consumption tax in Japan, among other factors.
The app amassed an estimated 177 million first-time users across the Apple App Store and Google Play for the third quarter ended September. That represents a 4% decline from a year ago.
Gurgaon-based Ecom Express reported a 76% jump in total revenue that touched Rs 1,018.45 crore in financial year 2018-19, up from Rs 578.75 crore in fiscal 2018.
Amazon's Q4 cost for one-day shipping will be nearly double the $800 million the company spent during the second quarter, said Chief Financial Officer Brian Olsavsky
The SoftBank-Oyo partnership, Oyo Hotels Japan, will open hotels in over 50 Japanese cities, including Tokyo, Osaka and Kyoto, Oyo said in a statement.
The commerce minister talked about the alleged violation of FDI norms by ecommerce companies, the progress on the new trade deal with the United States and India' s stand on the RCEP.
The class action lawsuit filed by Rosen Law Firm has demanded a jury trial and accused Infosys of making false and misleading statements, besides failing to make appropriate disclosures
The Indian government is closely monitoring the issue but it’s too early to initiate a probe of the company, an official told reporters in New Delhi, asking not to be identified citing rules.
Maybe SoftBank will make money, eventually, from this investment, either from onerous terms on the fresh WeWork loan or the recovery of the share price.
Credit-funded buys touch a record of about 75% for consumer durables, 55-60% for smartphones. Amazon India said around 40% of total sales during the festive season was driven by consumer finance and credit card purchases.
The committee is tasked with rooting out duplication of work between various government arms, while clearly specifying the role of different agencies to fast-track the implementation of the AI mission
SoftBank had offered a package worth nearly $10 billion to WeWork and its shareholders under a plan that would keep the company afloat and lead to the exit of its Chairman Neumann.
Artis Labs is an early-stage company that invests purely in artificial intelligence and machine learning companies. This is the fund’s first India investment.
Earlier this month, ET reported that Uber’s food delivery service has seen significant churn in leadership, with two top executives — India chief Bhavik Rathod and head of central operations, Deepak Reddy — resigning.
The mobile retailer forum has said that smartphone brands should take a relook into their policies to protect the offline trade, which still accounts for over 63% of mobile phone sales in the country.
WeWork could run out of cash as early as next month without new financing, sources have said, after the company pulled plans in September for an initial public offering
Mobikwik is fighting a broader battle against deep-pocketed rivals such as Paytm, Flipkart-owned PhonePe and Google Pay in a highly competitive digital payments sector.
The move is in line with a shift in strategy to roll back investments in Foodpanda and become a largely cloud kitchen business that will incubate food brands.
The Indian IT major has decided to promote 5,000 employees this year, which is double the number of promotions it rolls out in the December last year. The promotions will be given for the employees with experiences of five to eight years.
In August, Facebook and WhatsApp sought the transfer of petitions on linking social media accounts with Aadhaar from various high courts to the Supreme Court.
Fresh produce and perishables are the most complex categories to crack in online grocery, given the complexity of procurement, licensing, storage, and last-mile delivery.
Millennials are at a life stage where they are just renting a house or buying a flat, and investing in plants for their homes, sensing the same In the last five years, nearly 50 big and small online plant nurseries have come up in the country.
WeWork has been considering dueling plans from SoftBank and JPMorgan Chase & Co. to shore up its finances before it runs out of cash as early as next month
Tapping on the video advertisement pushes users to a microsite experience where they can browse and shop while still being on the TikTok app. TikTok had rolled out this format in the US a few months back.
For many retailers, Amazon has the power to control their destiny. Then there’s the fact that Amazon both serves as a platform for companies wanting to sell things and sells things itself, meaning it competes with the same companies it enables.
Online ad sites are using AI and other filters to prevent stolen vehicles from getting listed on their platforms, but their efforts are only helping partially.
In a letter, which is written to Ashwani Mahajan, the face of the RSS offshoot that complained to Nitin Gadkari, the minister's office informed him that an official is seized of the matter "for taking necessary action".
Facebook has been under fire in recent years for its lax approach to fake news reports, state-backed disinformation campaigns and violent content spread on its services, prompting calls for new regulations around the world.
The IPO flop of office-sharing firm WeWork and plunging valuations of other major investments such as Uber have cast a cloud over the efforts of SoftBank founder Masayoshi Son to raise a second giant fund.
TikTok is facing multiple challenges on the policy front with respect to concerns on problematic content on its platform and alleged data sharing with China.
According to various industry estimates, the data centre outsourcing market in India, currently pegged at close to $2 billion, is projected to grow at a CAGR of 25% to reach $5 billion by financial year 2023-24.
While the country does not constitute a large proportion of IT companies’ revenue, it is nevertheless a key growth market, with firms such as Cognizant and Tata Consultancy Services looking to expand its business locally.
The fund will come directly from SoftBank and not from the company’s Vision Fund. Masayoshi Son was instrumental in ousting WeWork’s controversial co-founder Adam Neumann, but is convinced the once high-flying startup can be turned around.
The company will invest more than $200 million this year to scale up the business, and a total of $500 million over the next couple of years, chief sales and marketing officer Arun Srinivas told ET.
The funding market for startups is in sore need of change as the excessive capital that venture funds are deploying is creating trouble for large enterprises, says RedHat CEO Jim Whitehurst
Zomato recently claimed that the number of restaurants adopting its Gold programme have gone up after the #log out movement by the restaurant associations, instead of decreasing.
"I had always looked at the startups as a sector that is exciting but somewhat untouchable because somewhere there would have been a conflict of interest with Tata Group," he said.
The platform claims it is attracting over a million visitors through both website and mobile app from across 25 cities in India, since inception. It has disbursed few thousands of loans already.
Paper Boat Apps is the creator and publisher of Kiddopia, a subscription-based preschool edutainment app that offers an array of interactive games and activities which foster cognitive development
The Vijay Shekhar Sharma-led company has been in the market since early this year to shore up funds amid mounting losses and growing competition in the digital payments sector.
The Department for Promotion of Industry and Internal Trade wants to increase the corpus of the Rs 10,000-crore FFS and will take up the matter with the finance ministry, officials said.
The organisations profiled are looking to protect and promote domestic startups against their global counterparts, and in the process, influence policy making
While Apple will be able to save around 20% in import duty through local manufacturing of the iPhone XR, the executives said this won't lead to any price drops.
While Panchal has joined payments technology company FIS Global as its chief risk officer in charge of India, Middle East and Africa, Saxena has joined Paytm Payments Bank as its chief financial officer.
True Balance will use the proceeds from its Series C round of funding to expand its loan book, bolster its technology and business-focused talent acquisition efforts across geographies, as well as towards marketing.
The move is a trend of a larger consolidation drive which is set to hit the milk subscription-based businesses including DailyNinja, Milkbasket, and several other local players.
Owned by Prione Business Services, a joint venture between Amazon and Infosys founder NR Narayana Murthy’s Catamaran Ventures, Cloudtail posted a profit of Rs 29.4 crore in 2018-19
One of the largest consumer electronics MNCs is paying tech bloggers and reviewers to gauge products and ensure negative comments are posted against others.
Such immersive zones have become vital for online retailers whose customers long to size up, touch and even try the products before adding them to the cart
India, with other members of the Organisation for Economic Cooperation and Development (OECD), is planning to bring some of the biggest multinationals under the domestic tax net.
In a first of-its-kind initiative, a slew of consumer-focused startups are coming together to share data on user behaviour aimed at weeding out bad actors and rewarding the good, said company executives.
The company plans to use the freshly infused capital for geographic expansion as well as developing AI-based solutions and growing an indigenous logistics network.
Amazon’s claim that its Great Indian Festival saw orders from 99.4% of the country’s postal codes owes that reach to Ambani’s aggressive entry into telecoms three years ago.
The company noted that it could not say "with certainty" how many people were impacted by this, but asserted that "no personal data was ever shared externally with our partners or any other third parties".
Inventus-III is the Silicon Valley and Bengaluru-based venture capital firm's first India-dedicated fund, and is led by its local team, which comprises general partners Samir Kumar, Parag Dhol and Rutvik Doshi.
In August, ET reported citing court documents that BYG was granted an injunction by a city civil court, restraining Cure.fit from launching its product “Gym.fit”.
"Flipkart and Amazon dominated 90 per cent of the market share during the six-day sale event," according to Bengaluru-based research firm RedSeer Consultancy.
At IIT Delhi, where the dropout rate has been much higher at 50%, the institute is planning to take measures including the roll-out of master’s in artificial intelligence (AI).
It's time to bid farewell to iTunes, the once-revolutionary program that made online music sales mainstream and effectively blunted the impact of piracy.
TCS is developing software capability for unmanned vehicles that can potentially be used to fix problems in windmills or solar farms in mostly inaccessible terrain.
While India's IT companies have historically ignored the domestic market, a growing economy, transforming companies and shifting tech dynamics are forcing a rethink
Bounce, like peers Vogo and Drivezy, does not utilise equity to fund vehicles, but instead relies on debt from high net-worth individuals and other asset management firms to buy them
The company said that the capital will further Dunzo’s vision to be the largest commerce platform in the country. It will use the funds to expand its reach to newer cities.
Amazon has offered to make do with lower commissions from restaurants and has been trying to convince them to break exclusivity contracts with established players Swiggy and Zomato.
Sharechat took down 11.9 lakh pieces of content and banned 5,696 accounts permanently for violating community and content standards and terms of services
Several features on Twitter were down on Wednesday, with users from India to the USA reporting they were unable to log in, use the mobile app or see direct messages.
Advocates of direct listings, the route taken by Spotify and Slack, say they offer companies a better alternative to the traditional initial public offerings underwritten by investment banks.
The marketplaces asked companies to offer the lowest possible price to help revive demand, said senior executives of eight top brands, including those focused solely on ecommerce.
The governments of India and Russia each accounted for almost 20% of the overall number of removal requests. The total number of requests sent by various countries to internet firms stood at 390,764 so far.
Screenshots shared by the researcher showed that Oravel Stays, the parent company of Oyo Hotels & Homes, has offered to pay Rs 25,000 to the researcher for reporting the vulnerability.
Zomato said that it recorded 214 million orders in the first half of this financial year, which averages out to about 35 million orders a month and recording a GMV of $821 million