Daily users who can view ads grew 24% to 166 million, about 2 million above estimates, as people looked to Twitter for information related to the virus.
Caesar Sengupta, Vice President Payments and Next Billion Users at Google, said on microblogging site Twitter that Sharma will help the Internet giant accelerate its payment journey.
Spotify is seeing usage decline in cars, wearables, and web platforms, while consumption through television and gaming consoles is increasing over the same time period
Google has provided free video conferencing for nearly 12 years through its Hangouts service, but it features outdated security and technology and its popularity has waned
Chinese investors — strategic and financial — pumped in an estimated $4 billion into the Indian startup ecosystem in 2019, making them the largest backers of the country’s digital economy.
The firm has mushroomed from a boutique hedge fund into a $60 billion behemoth that’s made prescient bets on stocks, private equity and venture capital.
Jobs are also expected to nosedive in the remaining quarters of the year unless demand picks up by the festive season later this year, the experts tracking the sector said.
Tech and telecommunications giants are mobilizing against Zoom as the Silicon Valley company has become one of the biggest tech beneficiaries of the coronavirus outbreak.
Cash rich IT services providers Tata Consultancy Services, Infosys and Wipro are likely to go on an acquisition spree, as companies will be available at discounted valuations due to the Covid-19 crisis.
Reliance Industries' market value surged about $11 billion on the deal. It also saw Ambani regain the title of Asia's richest man from Alibaba Group's co-founder Jack Ma
A common theme across executives at all these firms continues to be a high level of anxiety, fear of the unknown and pressure to outperform in a sub-optimal market
After years of working almost exclusively on long-term projects and pushing day-to-day management to his deputies, Bezos, 56, has turned back to the here-and-now problems facing Amazon, the company said
Multiple internet businesses - including Oyo, BlackBuck, Treebo, Acko, Fab Hotels, Meesho and Swiggy - have on average cut workforce by 30%, including temporary staff, in the past one month.
Senior executives at the retail group may opt for voluntary pay cuts, while the company will likely put increments, performance bonuses, and incentives on hold.
The $5.7 billion deal unlocks WhatsApp’s potential beyond an app into a platform, with a trifecta of communications, commerce and transactions coming together.
Video streaming services are witnessing a surge in content consumption and subscription growth as people are confined to their homes due to the lockdown.
Swiggy plans to reduce monthly cash burn to less than $5 million in the next few quarters from $40 million in May last year, to conserve cash for the next 20-24 months
Restrictions on normal activity has created a logistical nightmare for the managers of call centres and other back-office operations for foreign corporations.
E-commerce companies are keen to deliver WFH essentials such as routers, chargers, stationery, laptops and tablets as students across the country take online classes
Small sellers on e-commerce platforms said they are faced with a working capital crunch and the delay would force them to pay partial or no salaries for April.
Flipkart has been hit the hardest as the Walmart-owned e-commerce giant had already begun moving shipments of smartphones and other electronics to its fulfilment centres.
Most customers are either closed for business, operate with a limited workforce or have put orders on hold. Some are experiencing disruptions in procuring devices from China and other countries.
TCS’s chief operating officer N Ganapathy Subramaniam said the company believes that it does not "need to have more than 25% of workforce at our facilities in order to make all the 100% productive."
Health officials, critics and others who have long implored the tech companies to step up their response to viral falsehoods have welcomed the new effort
Sale of non-essential products such as smartphones, PCs, electronics, apparel, furniture and home decor, comprise 90% of GMV for large horizontal marketplaces
Uber expects GAAP revenue to fall by about $17 million to $22 million in the first quarter, and by about $60 million to $80 million in the second quarter.
Flipkart has notified sellers via email that they should prepare to start processing and dispatching orders, while Amazon has told them that it was awaiting clarity on the revised government guidelines.
While e-commerce and video streaming are gaining in popularity, online gaming is considered a better business proposition because the individual transactions are immediately profitable
The idea is to create an app that is not just a communication platform but one where users would also be able to buy groceries through Reliance Retail stores, or make payments using JioMoney.
Leading retailers said they are going to expand their initiatives on online sales when the restrictions are eased on online sales of non-essentials from April 21.
Handset makers are unsure if they will restart production and at what capacity, given the labour supply issues, existing excess stock in the retail channels and with offline retail still shut.
Previous notifications from the MHA had specified that e-commerce firms would only be allowed to sell essential goods - food, pharmaceuticals and medical supplies.
Analysts tracking startups pointed out that many startups were already facing stress and several of them had even kick-started the process of selling some of their assets.
There are more than 30,000 microwave ovens, AC and washing machines which needs repair at a time when Indians are locked indoors and doing household chores themselves due to the lockdown.
While the ecommerce players were already sourcing from cash and carry companies, officials said collaboration with small retail stores is ideal in the current situation.
SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged entity, sources close to the matter said.
The initiative was undertaken through Covid-19 Community Mobility Reports which capture the percentage change in traffic and movement across public places
SoftBank's finances are being squeezed after a disastrous bet on co-working firm WeWork and souring portfolio bets on startups that have sacked workers as the outlook has darkened.
With investors unlikely to pump in more capital on the back of dismal loan recoveries, businesses and portfolio managers have already started approaching larger players in the space for a potential deal.
The rare collaboration between the two Silicon Valley companies could accelerate usage of apps that aim to get potentially infected individuals into testing or quarantine more quickly
E-commerce platforms told they were facing issues in delivering goods to some areas of UP and Mumbai, where government action has been among the most strict.
Hero MotoCorp chairman Pawan Munjal has been one of the busiest corporate leaders during the lockdown, having addressed about 10 interactive townhall meetings with over 4,000 employees over video conferencing.
The data generated by the app's users would play a role in aiding the government make policy interventions, especially managing the eventual removal of the ongoing lockdown.
As companies need cash to see themselves through the crisis, ready access to capital is also drying up. That’s creating windows for PE funds to invest under more favorable conditions.
Hyperlocal delivery may be a short-lived trend since it is a stopgap arrangement at a time of crisis with ecommerce business down to a trickle, industry execs said
I have also instructed the department to come up with a policy framework so that work from home becomes a mass movement in India, said union minister Ravi Shankar Prasad
E-commerce is now limping back to life in India as the border closures, warehouse shutdowns and general confusion that initially accompanied the three-week shutdown order have eased
IT companies, which are already facing the prospect of billings reducing sharply as clients stop non-essential work, will now have to begin managing their cash flows.
Once the guidelines are in place, companies will have to ensure that if unlawful content is going viral on their platforms, others should also take steps to remove it
The foray into grocery and delivery of essentials have been pushed by local governments and allows these businesses to get curfew passes to stay operational during the lockdown period
Last year, BigBasket had raised $150 million led by Mirae Asset-Naver Asia Growth Fund, UK government-owned CDC Group, and existing backers like Alibaba, at a valuation of $1.2 billion.
The job cuts have come amid the Covid-19 outbreak, which has caused more than 10,000 deaths in the US so far, crippled businesses and led to job losses.
Earlier in April, SoftBank said it had terminated the tender offer for additional WeWork shares agreed last year with shareholders, plunging the startup further into crisis.
The appeal will likely be heard later this month at a time when both Amazon and Flipkart are battling slowing sales and logistical challenges during India's lockdown
In February, Union Minister for Electronics and IT Ravi Shankar Prasad disclosed the plan to revamp the IT Act, citing shifts in technology since the last decade.
Swiggy will use these funds to further expand its new businesses and continue to invest in grocery delivery, concierge services, and micro-delivery arm SuprDaily.
In the wake of the Covid-19 virus outbreak, Albinder Dhindsa, CEO of Grofers, talks about what it means to a steer an essential service at such a critical time
Data scientists and healthcare experts, who share data and insights on Covid-19 on online platforms, have emerged as the social media influencers of these times
The group will process a deluge of proposals from academicians, technology and healthcare professionals and the public on tackling the Covid-19 outbreak.
Flipkart's business has been severely hit by the nationwide lockdown after its top-selling categories such as smartphones, electronics and large appliances became unavailable
Facebook said it was sharing the data as part of its Disease Prevention Maps program, which has also aided efforts to increase vaccination rates in Malawi and track cholera outbreaks in Mozambique.
Investors bet that Zoom would be one of the rare winners from the coronavirus pandemic. But it has also drawn increased scrutiny from cybersecurity and privacy experts.
Oyo said in the letter that since hotel revenues have dwindled and are unlikely to improve in the next few months, it was constrained to exercise ‘force majeure’ rights
MedGenome plans to use the funds raised to expand clinical genomic testing to India's tier-2 and tier-3 towns and cities, as well as towards accelerating its drug discovery programs.