The situation may not drastically improve in the next four to six weeks. The virus may cease to spread but worries associated with the contagion may linger.
The government has predominantly believed in the spirit of self-regulation, except in matters of security and sovereignty of the country, MIB said in its affidavit.
With a hope of getting larger chunk of $100 billion in global taxes to be paid by digital companies, India is pushing that number of users should determine taxes payable by digital majors in a country.
While matters with other dine-in aggregators have been resolved, almost all large restaurant companies continue to be logged out of Zomato Gold, which covers both dine-in and delivery.
The rejig will include new provisions - including ones to check rising cybercrime and frauds in digital payment - that reflect changes in technology adoption in the country over the last 20 years.
This is the third such capital infusion into the loss-making digital payments company in the ongoing fiscal year, with investments totalling Rs 1,710 crore
US-based retailer Walmart has set in motion plans to convert some of its two dozen wholesale stores into fulfilment centres for homegrown ecommerce firm Flipkart
Reeling since its abandoned public offering, WeWork has seen its culture come under scrutiny, stung by claims of discrimination during the tenure of co-founder Adam Neumann.
The investment arm has also co-led a Rs 100 crore-plus financing round in Stelling Technologies, which owns and operates inter-city mobility startup IntrCity by RailYatri
Telcos want light touch regulation, with Reliance Jio Infocomm backing Bharti Airtel in saying there's no real need to establish an independent multi-stakeholder body as net neutrality rules are part of licensing conditions enforced by DoT.
It was important for businesses to consider trust in technology, especially in areas like privacy, ethics around Artificial Intelligence and cyber security, Nadella said.
The round more than triples the valuation of the Bengaluru-based startup to between $275 million and $300 million in less than four months, indicating continued bullishness among investors to back high-growth financial services startups.
Just 17.9% of private equity employees worldwide are women. This, a Preqin report on Women in Private Equity says, is the lowest figure of any asset class and is unchanged since 2017.
While companies like Shoppers Stop, mall brand Select Citywalk and Italian automotive parts maker Magneti Marelli have supported the cause as part of their CSR, a lot still needs to be done to employ survivors.
The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants
Saikat Mitra, Director, Trust and Safety, Google India told ET that the framework involved setting up a war room which tracked the movement of political information across Google products
The contours of the deal include a $100 million secondary transaction and a $20 million primary round, which could see Dream11’s valuation more than double from $1.1 billion in April last year.
Reddy told ET in an exclusive interview that Blume will continue to back startups that leverage the mobile-led explosion of the Indian digital-first economy as well global opportunities tapped by Indian firms.
In the last six months, ShareChat has consciously boosted levers to drive user-engagement on the platform, which includes building several interest-based micro-communities
According to the proposal in finance minister Nirmala Sitharaman’s February 1 budget, employees at young startups would get the option to defer payment of tax on Esops
While investor activists have been critical of the trend of promoters staying in control in an executive role, India Inc top guns are backing promoters on this one.
Oyo, which is undertaking layoffs across multiple markets across the globe, as it struggles to rein in costs, said losses in its home market of India had, however, been pared down to $83 million for fiscal 2019.
Political campaigns and groups can now use the social media company's branded content tool, which allows influencers to more clearly tag in an official sub-header that the post is a paid partnership.
Paying for news would diverge from the Alphabet-owned internet titan's practice of freely mining the internet for material it displays in search results.
The contention of these operators is that the RBI’s increased compliance standards on security and maintenance have increased the cost of running the teller machines without a corresponding increase in the revenues these companies make through fees accrued.
“Today, outside the ecommerce players, we are the largest ecommerce platform,” Kumar said at the Nasscom Technology and Leadership Conference in Mumbai on Friday. “I have more than 100 partners and they are growing. Today, I do a huge number of redirections to Amazon, IRCTC, Flipkart."
The business unit leader housed inside an IT company will ensure that the local Microsoft office in that particular location helps rolling out the solution, Microsoft India president Anant Maheshwari told ET.
FabHotels has denied these allegations even as some hotel owners have filed cases against the Goldman Sachs and Accel Partners-backed budget hotel chain.
The company claimed that the allegations of it having exclusive tie ups with smartphone brands was untrue as no such formal agreements exist, questioning the evidence furnished by the CCI’s informant.
Some late-stage consumer internet and B2B startups are also evaluating flipping their parent companies abroad, a process that usually takes as long as one year, they told ET.
A draft framework detailing the eligibility and governance criteria of the proposed ‘new umbrella entities’ (NUE) along with scope of activities has now been issued
Rajesh Magow, who was till recently CEO of MakeMyTrip India, will now take over as group chief executive, a move that effectively separates the two roles.
MoEngage claims it works with customers in over 35 countries and connects with over 400 million monthly active users, processing over 65 billion interactions and 40 billion messages in a month.
The company will maintain its differentiated focus on drivers, safety and a collaborative approach with local authorities and regulators, Ola said in a statement.
Existing investors SAIF Partners, Tiger Global and others also participated in the new financing round, which also includes a $3 million debt investment from Innoven Capital.
The prepaid customs and IGST (integrated goods and services tax) model would mean that buying products from foreign websites could become costlier by around 50%.
While some of these businesses are taking over the functioning of the full kirana (corner) store to control merchandising, inventory, invoicing, financing and branding, others are creating self-checkout stores and technology solutions for retailers.
According to industry sources in China, there is a strong likelihood that the authorities may extend the Lunar new year holiday till February 17 in some key provinces, especially in greater China from February 10.
The four times winner franchise, arguably the most successful IPL team, has signed two new sponsors — Marriott Bonvoy and Astral Pipes — on its way to the new milestone, people in the know told ET.
India had imposed a 6% equalisation levy, sometimes referred to as the ‘Google tax’, in 2016. But this latest development is a significant move toward capturing tax on incomes earned by overseas companies through consumption by Indians.
Called the Digital Payments Index (DPI), the ‘composite’ scoring system will allow both consumers and stakeholders to better gauge local area developments
The Committee for Economic Development (CED), which is the public policy centre of New York-based think tank. The Conference Board, sought the changes in a report published last week.
The current foreign direct investment (FDI) policy on ecommerce sector specifies that companies operating marketplace model business in the sector will not directly or indirectly influence the sale price
Currently, close to 23,000 gaming-based job openings are available, with salary packages ranging from Rs 3 lakh to a little over Rs 40 lakh, according to specialist staffing firm Xpheno.
However, the story is rosy for high performers, as they can expect 15-18% increment this year, says the bi-annual report, which this year surveyed more than 500 companies across sectors.
The Ministry of Electronics and IT (MeitY) will seek the law ministry's views on the validity of the provisions in the draft document before notifying the rules, they said.
Top executives ET spoke with said that while focus on solving issues surrounding farming, logistics, and intellectual property could have a positive impact on startups in the country
The sop- a part of the budget proposals- announced on Saturday has not resolved the issue of double-taxation on ESOPs and does not apply to all startups
Indian IT firms have traditionally built their business by exporting services to global firms at the cost of local opportunities. The IT sector contributes to over a fourth of India’s exports.
Cybersecurity has been an increasing area of importance for the country, with India being among the top few countries being hit by cyberattacks globally.
India’s department of science has a national mission on Quantum Technologies and Applications, which is collaborating with institutions and companies to build homegrown capablity in quantum technologies.
Sitharaman said that in order to provide quality education to students of deprived section of the society as well as those who do not have access to higher education, she proposes to start degree level full-fledged online education programmes.