Govt app ban offers a unique opportunity for Indian technology entrepreneurs to build and own lucrative internet products in the ecommerce, social media and gaming sectors
The committee, which is likely to meet on Wednesday, will conduct a detailed inquiry into the data-sharing practices of these apps, including top social media platforms TikTok, Helo and WeChat.
AliExpress, which ships individual packages, had managed to keep a low profile despite allegedly using similar tactics as its peers Shein and Club Factory
The interim order, issued on Monday evening, has been sent to all relevant intermediaries, including the app owners, app stores, internet service providers and telecom networks.
Startup entrepreneurs termed this decision as an opportunity for domestic companies to step in and fill the gaps that are expected to be created with this unprecedented move.
Since the campaign launched earlier this month, more than 160 companies, including Verizon and Unilever, have signed on to stop buying ads on Facebook for July
The government has sounded out industry and importers to identify such shipments that abuse the FTA as it contemplates actions such as enhanced checks on country of origin certificates by customs authorities.
There was a reduced flow of old devices for reselling in the market because users were taking longer to upgrade their phones, said Cashify's Nakul Kumar
It comes ahead of the start of monsoon season in Rajasthan and surrounding regions, where desert locusts will migrate to over the next few weeks to breed and lay their eggs.
The onset of the pandemic has accelerated the willingness of small businesses to use technology to scale up operations, opening up a market that had in the past viewed technology companies as a competitor.
Ravi Kant, a 27-year-old student from IIM-Shillong, started having sleepless nights after the lockdown forced him to return to his hometown, Patna, thereby disrupting his college routine.
Companies from Verizon to The Hershey Company have also stopped social media ads after critics said that Facebook has failed to sufficiently police hate speech and disinformation on the platform
Home-bred handset makers will need to invest heavily on product innovation and intellectual property to become competitive in India if they want to compete with Chinese brands
While unicorn stage portfolio investors are finding large fundraising deals stuck, many operations are also being affected for brands that source components from China
Amazon's moves comes in the midst of a pandemic-induced economic slump which has strengthened some of the major tech firms and has led to increased antitrust scrutiny.
The Department for Promotion of Industry and Internal Trade (DPIIT) informally flagged the issue to the finance ministry after the US-India Strategic Partnership Forum raised its concern over the matter.
Platforms such as Github, HackerEarth and Outlined.co have launched virtual initiatives to ensure that they remain upskilled and networked with global peers
Supplies will be impacted for brands such as Apple, Xiaomi, Oppo, Vivo, OnePlus, Realme, Lenovo and several online focused brands, said three senior industry executives
After Facebook's investment, Jio Platforms went on to raise a total Rs 1.15 lakh crore from a clutch of private equity firms and sovereign wealth funds
Aye Finance deploys advanced statistical models and predictive analytics to make robust risk selection that works even in the absence of formal business documents and prior credit histories.
As per the US president’s proclamation, H-4 visa holders who do not have a valid visa stamped on their passports as of June 24 are not allowed to enter the country till year end.
Jain said non-Chinese foreign rivals including one ‘US company’ imports all of their phones from China and local Indian brands only relabel and sell in India.
Senior executives said several consumers continue to buy online rather than venturing into stores for fear of catching the infection, while several brick-and-mortar stores are still shut due to liquidity issues.
The move to have Amazon, Flipkart, Snapdeal and others display the ‘country of origin’ follows a mandate by the government’s own e-procurement portal Government e-Marketplace
The outlook for cabs, rental services, bikes and autorickshaws for the full year also looks dim, as people in cities fear stepping out due to the Covid-19 outbreak.
The shift to categorise ‘Made in India’ products comes soon after a standoff between Indian and Chinese armed forces in Ladakh resulted in the death of 20 Indian soldiers
Trump, who won the first term on the back of anti-immigration rhetoric, has tightened policies that have favoured US technology companies for H-1B visas as against the traditional Indian IT companies
Private Chinese companies that don't fall under this category, such as smartphone manufacturers Vivo, Xiaomi and Oppo, are unlikely to face any such hurdles to their plans to invest and expand in India.
They include Apna, a recruitment platform for blue and grey collar jobs; Lokal, a hyperlocal news and classifieds platform; data marketplace app Aiisma, and roadside-assistance startup ReadyAssist.
Partners of the programme include the likes of large hospital chains such as Apollo and Manipal, health-tech such as MedLife, 1MG, and Care.Fit among others.
The total value of items sold online remains low as consumers continue to avoid large-ticket purchases in the wake of economic uncertainty occasioned by the ongoing pandemic.
The bench headed by Chief Justice DN Patel has ordered for a "detailed hearing" on whether the US-based payment giants operate as a third-party app provider
Paytm’s parent One97 Communications has moved the High Court against telecom operators, blaming them for not blocking those who are defrauding its customers by phishing activities
States could be asked to expeditiously adopt the 2017 Department for Industrial Policy and Internal Trade’s Public Procurement (Preference to Make in India) Order
This investment is in line with PIF's strategy to invest in sectors and companies that generate long-term commercial returns to drive Saudi Arabia's economic transformation as part of Vision 2030 objectives.
Prominent risk capital investors ask their portfolios to diversify their cap tables. Investors from China are on the cap tables of 18 of 30 startup unicorns from India
Chinese brands and celebrities endorsing them run the risk of the anti-China sentiment if they go all out to promote brands in the prevailing environment, executives at celebrity management companies said
The government recently notified three key incentive schemes worth Rs 48,000 crore in a bid to position India as an electronics manufacturing and export destination.
Both Amazon and Flipkart have been running campaigns to promote local brands and small manufacturers over the past couple of weeks just as #BoycottChina began picking up steam.
The Covid-19 crisis has spurred companies to adopt technology into each of their functions, and that skills in Python, Android development, JavaScript, Elixir, and UI/UX will command a premium in the job market.
Foreign lenders Barclays, Bank of America, Standard Chartered and Citibank have back-office operations in Tamil Nadu’s capital, which is struggling to contain the spread of Covid-19 cases.
The EU's executive Commission said it launched the formal investigations over concerns that Apple's way of doing business hurts consumers by limiting choice and innovation and keeping prices high.
Flipkart will leverage from the last-mile capabilities of its $60 million investment in logistics startup Shadowfax to facilitate its entry into the segment
Limited to just one million users in its beta phase, WhatsApp was never able to get a full-fledged rollout in the country due to various regulatory concerns
India was under complete lockdown since PM Modi announced it on March 24 due to the Covid-19 outbreak resulting in fashion retail companies earning zero revenue.
India’s online shopper base will grow from 100 million now to 300-350 million by 2025, with majority of new shoppers from tier-2 towns, says Bain & Company-Flipkart study
Live shopping app Bulbul has also doubled down on non-shopping content to drive user engagement on its platform as shopping was stalled during the lockdown, posing a risk factor for user drop-offs.
These businesses face a two-pronged problem - getting partners, many of whom are migrant workers, back to work, as well as generating demand from consumers.
WhatsApp tested the payment system in India beginning in 2018. The Brazil launch will be the first nationwide rollout and will introduce the ability to directly pay a business.
Mobile retailers have accused that market leader Xiaomi is diverting a majority of its handset stocks to the online channel to avoid giving margins to offline retailers and maintain profitability.
Since most of their work happens over the internet and as there are now powerful online collaboration tools, work-from-home has generally had no adverse impact on productivity.
Most small businesses and startups never raise external funds, making the cash crunch a knotty problem as investors cannot step in to extend their cash runway.
A bunch of companies, including InMobi, Salesforce and Hexaware Technologies, has decided to allow most of their employees to continue working from home through the rest of 2020
The roles that are seeing greater demand include designers and writers. About 76% designers and 80% content writers say they have more work in June compared to April or May.
The major issues up for discussion were licensing deals for digital, licensing of third-party rights and monetisation of the content on digitals platforms.
The spur for the draft cabinet note was the March 4 decision of the SC to quash the April 2018 circular from the RBI that prevented banks from providing services in support of cryptocurrencies.
Companies such as Ola, Droom, Kissflow, Instamojo, Udaan and Flipkart, are putting in place measures that include part-time logins from home as well as offices, work infrastructure at homes and safe transportation.
Jio Platforms has already raised Rs 97,885.65 crore by diluting a 21% stake through eight transactions in seven weeks to a host of strategic and financial investors
In import-dependent categories such as laptops and dishwashers, where sales have surged manifold, companies have expanded imports two-four times in the past few weeks.
While urban India is close to reaching saturation levels with around 60% of the population having access to the internet, the headroom for growth in rural areas remains massive
Hapramp's flagship product is a social media platform called GoSocial that allows artists and creators to take various creative challenges to earn rewards
This uptick comes amid Series A investments dropping by at least 30%, depending on the sector, with consumer-facing investments bearing the brunt, according to investors.
Most consumers will trade down towards value brands, over-invest in health and safety products, and fundamentally change their buying patterns towards home delivery and e-commerce
More than four years have elapsed since public WiFi became a buzzword of sorts, but a countrywide ubiquitous public WiFi network is still nowhere in sight.
A string of startups like Staqu, Park+ and Magneto CleanTech are launching services to handle crowding at malls, offices and markets as well as for contactless shopping and parking
Companies believe enabling WFH for a significant chunk of staff would give them access to better talent as physical location would no longer be of importance
Krishnamurthy talks about various issues like kiranas versus big ecommerce companies, catering to value-conscious shoppers and the way consumers are redefining essentials.
With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading tech investors and PE giants like Facebook, Silver Lake, and Vista Equity Partners
The pandemic and the lockdown have seen a wave of appreciative social media posts about domestic help from urban India's celebrities and the not so famous alike.
Job losses, economic distress, social isolation and lockdown-induced stress have left increasing numbers of people struggling with the uncertainty of it all
The discussions between Amazon and Bharti come at a time when global players are placing major bets on the digital arm of Reliance Industries, which owns Bharti's telecom rival Jio.
Streaming platforms contributed to 70% of the increased demand, while the rest of the enquiries came from brands actively advertising through the lockdown period.
There are currently around 12,000 active openings for permanent job roles across levels at leading edtech companies, according to an estimate put together for ET by ManpowerGroup.
India is looking at these experiments as a way of fast tracking its policy and preparing the local industry for a major push into the drone services segment globally
Tata Consultancy Services, Infosys, HCL Technologies, Wipro and Tech Mahindra are increasingly seeing double-digit growth in services delivered using AI-based platforms and automation tools
BharatPe has this month hired Nishant Jain from Zomato as its chief business officer and Ankur Jain, a former Walmart Labs executive, as its chief product officer.
Lithium Urban Technologies, which also provides urban transportation services through its fleet of electric cars, is getting more companies to go green.
ADIA follows Mubadala, the sister firm of the UAE’s largest sovereign wealth fund, which has already been in negotiations with Reliance Industries, the parent of Jio Platforms.
Infosys Chairman Nandan Nilekani has cautioned that contact tracing apps run the risk of increasing state power and must be rolled back once normalcy returns.
Srivatsa has been tasked with raising an India-dedicated fund that is expected to back an estimated 40 early-stage ventures within its first year of operations.
The 409-gigabyte data leak included personal identifiable information such as Aadhaar card details, caste certificates, residence proof, bank records, along with a complete profile of individuals, the report said.