President Donald Trump plans to announce a decision ordering Bytedance to divest its U.S. ownership of TikTok, according to people familiar with the matter.
The proposals submitted by the companies to the Ministry of Electronics and IT to avail benefits of the Production Link Incentives (PLI) are expected to create 12 lakh employment opportunities
The repeated focus on small businesses comes on the back of third-party sellers saying they are undercut on Amazon and by the ecommerce major’s own brands.
The oil-and-petrochemicals tycoon's digital services startup requires him to dominate the use of mobile devices, while his retail chain, India's largest, needs maximum grip on customers' moneybags.
'About this ad' will initially be available for display ads purchased through Google Ads and Display & Video 360, and the company will bring it to other ad surfaces throughout 2021
Jio recently entered into a commercial agreement with Google to jointly develop entry-level affordable 4G and possibly 5G smartphones in the future with an aim to make India 2G-mukt or free of 2G technology.
Ad sales, which contribute nearly all of Facebook's revenue, rose 10% to $18.3 billion in the second quarter as people under lockdown spent more time online and businesses rapidly pivoted to e-commerce
The development comes at a time when small sellers are becoming increasingly dependent on online channels for sales in light of the economic disruption due to the Covid-19 outbreak
If implemented, it would be the first time that the monopoly risk of Big Tech controlling an important payment channel in India would be addressed at an operational level.
Bezos made these comments during a virtual US congressional hearing that’s looking into the market dominance of Big Tech firms like Amazon, Facebook, Google and Apple.
Facebook's Zuckerberg took a series of questions about the company's purchase of Instagram in 2012 and whether it was acquired because it was a threat.
Even as they ensure it’s business as usual with all necessary infrastructure and systems in place, companies across sectors say that productivity, while working from home, is high.
Mumbai-based Toppr will use the proceeds from the Series D round to ramp up its adaptive AI learning product, and launch new platforms for coding and schools.
The four tech CEOs will testify to a panel of lawmakers investigating how their business practices and data gathering have hurt smaller rivals as they seek to retain their dominance
Flipkart has started a pilot in parts of Bengaluru where consumers can choose to order in the next 90 minutes or book a 2-hour slot starting with a minimum delivery fee of Rs 29.
Zivame holds substantial market share in the premium lingerie category but its expansion plans and fundraising have been hit by the Covid-induced lockdown.
Many workers could see an increase in disposable income and flexibility, but others could be pushed into contracting arrangements that lower their wages and make their livelihoods more precarious.
The development comes close on the heels of the Indian government's warning to the makers of the banned 59 Chinese apps to strictly comply with the ban order.
Some of these apps have been red-flagged due to security reasons while others have been listed for violation of data sharing and privacy concerns, an official said
The court case is the latest hurdle for Alibaba in India after the Indian government's app ban, following which UC Web has started laying off some staff in India.
President Donald Trump has made a tough line on immigration a cornerstone of his message and has suspended several kinds of visas for foreigners during the coronavirus crisis.
Mohan became a popular face in Bengaluru's startup ecosystem when he moved here from the US in 2008, first to start a venture of his own and then to lead Microsoft’s startup accelerator programme
The committee, comprising senior officials from ministries of home, external affairs and other departments concerned, will draw up a framework to vet applications.
Since the ban, Roposo, Zili, and Dubsmash have collectively generated 21.8 million downloads in India, reaching 13 percent of TikTok’s installs in the country for the first half of 2020
Venture investors in TikTok parent ByteDance have approached Zhang with a range of proposals to address U.S. concerns that the short-video app is a security threat
The slump in the contribution of Chinese brands came on the back of a big decline in smartphone shipments during the quarter, which fell 51% year-on-year to just over 18 million units
The company's domestic flight booking volumes are currently at 15-20% of pre-Covid-19 levels and hotel bookings are at 10-12%. There has also been a gradual improvement in bus bookings, Magow said.
ByteDance has held multiple discussions with Lido Learning, but there is no certainty that the discussions will fructify into a deal, the sources said.
Twitter has struggled to build out its ad offerings, leaving it reliant on a suite of promotional tools geared toward advertising around big events and product launches
JioMart, the e-commerce venture of Reliance's retail arm, was launched in May and poses a formidable challenge to Amazon's local unit and Walmart's Flipkart.
Amazon said that all its new fulfilment centres will be operational before the festive season, allowing customers to shop from the safety of their homes.
Amazon’s entry as a corporate agent is in line with its plan to become a full-fledged financial services platform. Amazon Pay currently offers UPI, wallet and co-branded credit card services to users.
The government on June 29 had banned 59 apps with Chinese links, including TikTok, CamScanner and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country.
This comes at a time when the broader venture capital industry has sharply trimmed investments amid the economic crisis induced by the Covid-19 pandemic.
Bijnis is a technology platform that connects manufacturers and retailers in the fashion category and offers other capabilities including third-party payments and logistics solutions
TikTok is already currently facing problems with authorities in a number of countries including in Australia, India, and the United States due to security and privacy issues.
While the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salaries that had been slashed in the April-June quarter.
Whoever bored into the command centre of Twitter served as a warning that some of the most critical infrastructure that could influence the election is not in the hands of government experts
The downsizing comes at a time when the company anticipates its operations to take more than a year to recover due to the Covid-19 pandemic which has led to the closure of fitness centres
The latest capital raising values the online live tutoring startup at $600 million, making it the second most valued Indian educational technology startup after Byju’s.
Over the last few years, Reliance has been an active player in the buyout tables, either outrightly acquiring, or investing in, at least 20 home-grown startups
Mukesh Ambani said that India still has 350 million feature phone users, and added that 100 million feature phone users have upgraded to Jio 4G feature phone.
Indians are the second-largest student community with over 200,000 students or a fifth of the one million foreign students taking up courses in the US.
India last month banned the apps following a border clash between soldiers from the two countries, which left 20 Indian soldiers dead. India has said the apps pose a threat to its "sovereignty and integrity".
How hard the pandemic hit these two companies that revolutionised mobility solutions can be gauged from the latest developments surrounding their businesses.
If such intermittent closures keep getting extended by local administrations, demand for the entire quarter could be impacted, said executives across sectors.
SoftBank has benefited from a rebound in its portfolio of companies, particularly Alibaba. The e-commerce giant hit record after record this year, with its market valuation pushing past $700 billion.
While uptake for long-term measures has been low, a larger number of SMBs are looking to benefit from the extension in deadlines for filing income tax and GST
Qualcomm Ventures will pick up 0.15% equity stake in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
If April and May bore witness to countless migrants walking hundreds of kilometres in a desperate bid to reach their homes amid the lockdown, another reverse migration is now under way in cities.
Earlier this week, Wells Fargo sent a note to employees who had installed TikTok on company-owned mobile devices telling them to remove the app immediately.
Firms like Safe Storage, Storagians, StowNest Storage, Orange Safe Storage and MyRaksha, which provide the service, are witnessing a spike in the number of clients.
Flipkart, owned by US-based retail behemoth Walmart Inc, is believed to be the first large e-commerce platform to start providing details of where goods are manufactured.
Founded by Saverin and former Bain & Co. executive Raj Ganguly, B Capital bets on startups such as delivery firm Ninja Van that support growth sectors like e-commerce rather than e-commerce itself.
As India moves to tighten policies on its citizens' data held and processed by companies such as Facebook, Google and Amazon, it set up the panel last year to make recommendations on the regulation of "non-personal data".
The July 7 order came in a case filed by hospitality company Anam Datsec, which has accused Oyo of non-payment of dues for its Golden Sands property at Calangute in Goa and sought more than Rs 8 crore in damages.
Amid growing demand for digital payments in India, ‘Made in China’ swipe machines are the key hardware to process credit and debit card-based transactions.
Zoom, which witnessed a big jump in downloads during the Covid-19 pandemic, has had its fair share of security issues across the world including India in recent months.
The test comes at a time when India's short video market is witnessing unprecedented demand from users who are scrambling for alternatives to fill the void left by apps like TikTok.
According to multiple sources, a meeting was held between the stakeholders about two weeks ago to discuss the creation of alternative investment strategies
Fashion sales in January stood at $7 billion, or $85 billion annualised, the report said, adding that the dip was the steepest in April, when sales fell to 10% of January levels.
We're a strong believer in the potential of blockchain as a technology. We believe the digitisation of currency is only a matter of when, not if, says PayPal CEO Dan Schulman
This marks Unacademy’s fourth acquisition after it bought test preparation platform for government exams Wifistudy, competitive programming website CodeChef, and GATE coaching site Kreatryx.
The changes in Japan are part of a global retrenchment by the firm that just a few months ago looked set to become the world’s largest hotel operator by room count
More restaurants are likely to shutter in the next few weeks as cities gradually open up and lease negotiations with landlords conclude, especially in Mumbai and Delhi, restaurateurs said.
Companies said there is over 150-200% surge in sales of large-capacity refrigerators compared with the year-ago period, indicating that home cooking and storing cooked food are driving sales.
Opening numbers from June indicate that the company has recovered 80% of its pre-Covid-19 sales on the back of scaling up its fresh food and pharma categories
Millennials, who had managed to make it to their parents' before the lockdown, expecting a brief sojourn there, have ended up spending months with them under the same roof
The discussion comes at a time when the government has clamped down on imports from China and banned 59 Chinese apps on the grounds of data security and privacy
Canadian staffing firms like MobSquad have reported an increase in queries from both Indian engineers in the United States as well as US firms who want to move people to Canada.
The ban came amid rising tensions between India and China following the military standoff on the country’s northern borders, which triggered a violent face-off on June 15.
Intel joins a list of investors including Facebook, KKR, Saudi Arabia’s Public Investment Fund, taking the total financing to Rs 1,17,588.45 crore for just a shade over 25% holding.
The new draft policy has proposed a regulator for the sector and an e-commerce law that restricts information these firms can store, use, transfer, process and analyse.
These companies have approached leading pre-owned car dealers, such as Mahindra First Choice (MFC) and Maruti True Value, to find prospective buyers for their vehicles, multiple people in the know told ET.
Open positions for gig and blue-collar staff were at 250,000 in March, but increased to 600,000 in April and currently stand at around 500,000, according to TeamLease data.
Nigam, who runs Walmart-owned PhonePe spoke about digital payment boom in India while taking a swipe at Mobikwik and InMobi saying that both these companies ride on foreign capital
Bytedance had voluntarily taken down its apps TikTok and Helo from Google's Play Store and Apple's App Store and later pulled the plug on the short video app TikTok on Tuesday
During the last 48 hours, Indian apps have seen unprecedented traction, as they fixed bugs and launched new products in a bid to capture users’ mindshare as they seek alternatives
The platform will offer paid and free performances across music, comedy, and other performing arts to its users not just in India, but also across USA, North America, UK, Germany, UAE, South East Asia, and West Indies.
Our creator managers are actively engaging with our top creators to reassure them of our efforts and updates about the path forward, said Tiktok CEO Kevin Mayer