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Founders join hands to seek support from the govt for an overarching digital app ecosystem

Boom in online shopping giving payments industry a boost, panellists at ET webinar say

Small and medium businesses in India may have been slow to embrace technology ten years ago. But today, largely owing to the advances in digital applications — including high-speed wireless internet and wider use of smartphones — they have become willing converts

The pandemic has done what even demonetisation couldn't do — bring about a big shift in payments from cash to the digital. And it’s here to stay, even when things get back to normal, say industry specialists while cautioning about the threat cyberattacks pose to digital payments

Zomato confirmed the development and termed the notice unfair.

The former Tiger Global executive is leading a $35 million round at Inshorts.

This is General Atlantic's second investment in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.

Tech giant says companies have multiple store options, can also use websites

Payment companies and banks are seeing a revival in volumes in September

Over the course of this year, Avendus helped close over 30 deals across sectors, including fundraising for some India’s top consumer internet majors

The latest fund infusion comes just two months after Amazon ploughed Rs 2,310 crore into Amazon Seller Services.

This change is expected to impact less than 3% of apps that are currently not using the company's billing system

The clarification from Google brings its policies on par with Apple.

While bringing in outside investors would lend credence to Tata’s digital ambitions, it may also help the group pare debt after the coronavirus pandemic hammered its flagship businesses

Sebi clarification puts an end to the practice of ‘blind pooling of capital’

Egrocer likely to see its valuation go up about 33% to around $2 billion, post the investment, a person privy to the details said.

The Noida-based startup had withdrawn the feature earlier this month after its app was delisted from Google's Play Store

Transport for London (TfL) refused to grant the Silicon Valley-based company a new licence in 2019 due to what it called a "pattern of failures"

The ecommerce giant is looking to improve its reach especially in smaller towns from where droves of new buyers have come online during the pandemic.

Across-the-board salary increments are over. From 15-year-low increments in 2020, companies will only inch back to pre-Covid-19 numbers, say experts

The deep discounting play will largely be on private and exclusive brands such as its own fashion labels, apart from electronic goods from BPL, Kelvinator, Sharp and others.

Several funding applications for the startup sector on hold or caught up in stricter scrutiny

The company aims to register 1 million retail investors on the platform by the end of this fiscal

Walmart in July had announced it was leading a $1.2 billion investment in Flipkart at a valuation of $24.9 billion, adding that the investment would be made in two tranches over the remainder of the fiscal year

India is too lucrative a market to lose for Chinese companies and they would make every effort to return, say experts

The Trump administration said Friday it would not back down from a plan to ban new US downloads of the popular video-sharing app TikTok, setting up a court showdown ahead of a Sunday deadline.

Under committee rules, if the ranking member doesn’t agree to a subpoena request from the chairman, the chairman can call for a full committee vote on the matter.

Prescription medicines, lab tests and doctor consultations are in high demand amid the pandemic, as consumers try to limit their movement as much as possible

Vodafone Idea plans 5G trials with Nokia in Gandhinagar and Pethapur in Gujarat, and with Ericsson in Sharda Centre and Nanekarwadi in Pune

This move comes a day after Facebook's officially-mandated Oversight Board said it would start work in mid-late October

During a panel discussion, four leading CXOs say that the safety net at work for women is gone.

ByteDance stated it will be issuing a cash bonus to all eligible employees to help them overcome the ‘challenges posed by the Covid-19 pandemic and the changing macro environment.’

Indian technology companies like Infosys and Wipro are also facing lawsuits of alleged race discrimination by former employees.

Global economy will reach pre-Covid levels only by Q3 of 2023, says Sneader in an interaction

Google will be making the investment into the digital arm of Reliance Industries through wholly-owned subsidiary Google International LLC

GitHub, which is popular among developers, particularly those who work on open source projects, was acquired by Microsoft in 2018.

Glenn Fogel said the group racked up over 40% of its new bookings from people who wanted alternative accommodation in the second quarter, which is maybe twice of where it was earlier.

Transport authorities across the country looking to revamp their ticketing systems

Top YouTubers of 71 countries make more than top Indian YouTubers

On Tuesday, Oyo began sending ‘cessation of employment’ emails to employees who had not chosen one of the two options.

Over 20 companies including Country Delight, Stanza Living, OZiva, ManMatters, Zupee, The Whole Truth and Dealshare have joined the programme.

"I am optimistic that by early next year, of the six western constructs, probably three or four will have shown safety and efficacy, and four of those can be made at large scale and low cost, including AstraZeneca, Johnson & Johnson, Novavax and Sanofi," the co-chair of the Bill and Melinda Gates foundation told the ET Global Business Summit.

Chesky said the travel industry has been "irreversibly altered" due to the pandemic. But there has been an "optimistic resurgence" months after the world entered a global shutdown in March.

Top executives at offline retail firms highlight how businesses have moved to digital, and what it takes to build long-term sustainable online strategies.

As per data released by the Ministry of Commerce (MoC) on Tuesday, smartphone exports in the month of August totalled Rs 1781.1 crore by value, higher than March's Rs 976.3 crore. Imports, though, were Rs 1050.1 crore, far higher than March's Rs 13.4 crore.

Angel investors including Wei Yan and Techpro Ventures also participated in the round

Temasek has made some follow-on investments, called as top-ups in the private equity parlance, in the last few months in its existing portfolio firms such as Zomato and UST Global.

KKR is making its investment from its Asia private equity funds. The transaction is subject to regulatory and other customary approvals.

Servify has seen revenues quadruple since March, as brands and retailers shifted to digital for sales and after-sales services.

The financial technology firm, backed by China's biggest e-commerce company Alibaba Group, plans to list simultaneously on Shanghai's Nasdaq-style STAR Market and in Hong Kong

Startups and venture capital firms want family offices, largely structured as trusts now, to be added to accredited investors’ list and delisting norms made easier

AR catches fancy of brands, with many rolling out unique filters during lockdown

Byju’s said it has added BlackRock, Sands Capital and Alkeon Capital to its list of growing backers.

ET had first reported on the proposed merger of PharmEasy and Medlife in August, when the two firms had made a joint application to the CCI.

Paytm, in May, dragged Trai and telcos to the court for not blocking the flow of unsolicited traffic over their networks and sought damages of Rs 100 crores

Reliance Chairman Mukesh Ambani is aiming to remake the country’s smartphone industry much like he did in wireless services, where his aggressive prices and simple plans quickly made him the dominant force.

The move is in line with Amazon's plan to capture the next 200-300 million online consumers, while also giving existing customers the ability to shop and transact online in their native languages.

When Khosrowshahi assumed Uber's helm from ousted founder Travis Kalanick in 2017, he inherited a mess of cultural, strategic and financial problems.

​​Shortly after Trump's comments, Hu Xijin, editor-in-chief of the China state-affiliated Global Times, tweeted that Beijing would likely reject the deal "because the agreement would endanger China's national security, interests and dignity."

According to people familiar with the matter, Tiger Global International IV Holdings has filed an appeal in the Delhi High Court where it has sought an injunction against a Mumbai Authority of Advance Rulings' order issued in March this year.

The details of the proposal have not been published yet, but lawyers expect the administration of US President Donald Trump to clear the proposal before the presidential elections in November.

The financing round, valuing the startup at $450 million, was led by SIG Global and RTP Global along with MDI Ventures and Pegasus Tech Ventures

Trump said he wanted the US part of the business owned by an American company. But China's ByteDance remains the majority shareholder in a new US company that will include fresh investments by Oracle and Walmart in a future fundraising round.

Vijay Shekhar Sharma says the company will seek government and regulatory intervention, calls for formation of a new industry grouping.

The assessment comes following nearly six months of sales dominated by need-based pent-up demand categories such as grocery, work/study from home essentials, personal grooming and fitness products.

Google's takedown of Paytm is effectively a sanction by a US company on an Indian one and by extension, on Indian customers, says Vijay Shekhar Sharma.

Oracle will take a 12.5% stake in TikTok Global and retail giant Walmart said it would take a 7.5% stake.

Trump told reporters at the White House he backs the deal with TikTok owner ByteDance, Oracle and Walmart to create a new company that will assume TikTok's US operations called TikTok Global.

The firm earned close to Rs 300 crore from exiting just two of its portfolio companies over the last 12 months.

The officials said the ban on new U.S. downloads of TikTok could be still rescinded by Trump before it takes effect late Sunday as TikTok owner ByteDance races to clinch an agreement over the fate of its US operations.

While Google's blog post doesn't mention Paytm specifically, a spokesperson of the tech giant confirmed to ET that Paytm was one of the many apps taken down for violating its gambling policy.

Fight for market share likely between Amazon, Flipkart and Reliance JioMart

While increasing workforce by 50%, firms opt for variable pay model, daily wages

India will be the 37th country where Apple will have its own ecommerce site.

The new company, called TikTok Global, will have a majority of American directors and a US chief executive.

Lightspeed Venture Partners said it has established its regional headquarters in Singapore.

Spluttering offline sales locking up funds, combined with rising eligibility criteria for loans, result in acute working capital shortage

ET has independently learnt that Flipkart has begun talks with investment banks like Goldman Sachs, Morgan Stanley, among others, as a first step towards taking the company public.

Founder Karan Bajaj said the Byju's buyout piqued user interest in WhiteHat Jr, leading to sustained trolling in the weeks that followed.

India is learnt to have flagged the issue with the respective social media companies and have managed to block some accounts spreading disinformation.

ET had reported on June 1 that Munich Re, which is among the largest reinsurers in the world, was in talks to infuse capital in the Bengaluru-based insurtech firm.

Dream Sports, which was founded by Harsh Jain and Bhavit Sheth in 2008, announced the closure of a $225 million funding round on Monday.

The volume and value of transactions in June are significantly higher than mobile transactions recorded in February.

Experts flag prolonged work from home, limited socialising as possible dampeners.

The former minister of state for finance Jayant Sinha headed Standing Committee on Finance in its report tabled on Tuesday said the tax should be removed at least for the next two years to encourage investments amid the pandemic.

This would be supplemented by additional lakhs of indirect seasonal jobs including those at kiranas, sellers and freight partners.

The Mumbai-born hotshot executive's ascent within the conglomerate is likely to get a further boost as he spearheaded the just announced mega sale of SoftBank's Arm Holdings.

To take on Reliance JioMart, Flipkart, Amazon and others starting big sales early

The company had gone off the social media grid for the whole of July.

ByteDance had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp.

According to sources, the secondary investment has valued Dream11 at about $2.5 billion, while the primary cash infusion is at a valuation of $2.2 billion.

If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of the semiconductor sector.

After the ban on both of ByteDance's top apps, TikTok and Helo, the company has become a talent hunting ground for large technology and media companies.

Microsoft announced on Sunday that its bid for TikTok was rejected.

With so many funds vying for mid and later-stage companies, smaller-sized venture capitalists are trying hard to keep their ownership intact as much as possible, industry insiders say.

The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, The Wall Street Journal report said, citing sources.

​It's looking increasingly likely that TikTok won't be able to sell its US operations by the mid-September deadline imposed in an executive order issued by US President Donald Trump.

ByteDance has been in talks to sell TikTok's U.S. business to potential buyers including Microsoft and Oracle since U.S. President Donald Trump threatened last month to ban the service if it was not sold.

Apple has long barred catalogs of apps within apps but said Friday that it would allow streaming game companies to create such catalog apps

Japan's SoftBank, Paytm, as well as Reliance and Sequoia Capital have conveyed to the government the secondary listing provision risks splitting trading volumes, hurting long-term valuations, and raising compliance needs and costs

Many companies are enforcing progressive leave policies amid the ongoing pandemic, but employees say taking an off is contingent on the attitude of immediate supervisor

ByteDance has been looking to pick a buyer so it can finalize a deal by mid-September and comply with Trump's order to divest TikTok's assets.

The $20 billion fund-raising spree has already met the refining and petrochemicals czar’s goal of making his flagship Reliance Industries net-debt-free

Draft guidelines to curb misleading advertisements with an entire section on due diligence

Monthly users grew 23% to 557 million while daily active users increased to 111 million

Companies offer low cost, low commitment, fully digital services

"We have raised a lot of money, and today, our cash in the bank, around $250 million, is more than ever in our history," says company CEO.

Amazon has considered investing in Reliance Retail Ventures Reliance and is willing to sell up to a 40% stake in retail unit.

Saudi Arabia's Public Investment Fund (PIF), Abu Dhabi-based Mubadala Investment Company, Abu Dhabi Investment Authority (ADIA), L Catterton and KKR are likely to pick up stakes in the retail venture as well.

Nearly six months after India announced its first lockdown to curb the spread of the Covid-19 outbreak, demand recovery in the ride hailing, office cab and tourist taxi sectors is still dismal.

Groww competes with Steadview Capital and Tiger Global-backed IndWealth and Accel Partners’ portfolio company Scripbox in providing an online investing platform to consumers and retail investors

‘For’ & ‘against’ users latch on; brand gurus split on controversy as sales opportunity

The private equity firm could invest as much as $1.5 billion and an announcement could come as soon as this month

The prime minister also urged the street vendors to adopt the digital payment system on a large scale.

While Apple uses its September events to showcase its most important products, new versions of iPhone handsets might still take time as the company in July had flagged a delay of a few weeks from the usual timeline.

This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms earlier this year.

Companies are pinning hopes on the rural bounce back fuelled by higher farm incomes, good monsoons, government stimulus, and reduced impact of lockdowns

Slack said it offered credits, payment in installments, and billing duration of less than a year to help users tide over the economic downturn triggered by the health crisis

AI platforms are gated communities with membership only via direct invites, registration

Restaurant chains readying curated menus, ready-to-eat selection, and cocktail kits

The Bengaluru-based edtech company announced the new investment led by Silver Lake on Tuesday.

PUBG MOBILE is the mobile version of PlayerUnknown's Battlegrounds (PUBG), an intellectual property owned and developed by PUBG Corporation, a South Korean gaming company

​​The industry fears it could cascade into denial of refunds on taxes paid on inputs, as well as audits, probe and tax demand

First instalment due in Oct; ambiguity remains over how 1% tax to be calculated

Mandatory contactless pay will open up India's massive public transit market for firms

The ban will boost the popularity of games like Sea's Garena Free Fire and Activision Blizzard’s Call of Duty: Mobile among India's 628 million mobile gaming users

Fund-II also has a green shoe option of Rs 50 crore.

Paytm Mall contends that Cyble did not conduct due diligence in verifying facts and had committed slander and intentional misinformation.

iPhone contract makers, Samsung, Karbonn, Lava among firms that submitted applications

The massive fundraising of Jio Platforms has piqued the interest of many new investors eager to grab a share in India’s digital and technology sector in India

Meteoric growth of WhiteHat Jr, Byju's shows maturing education technology market in India, says Amit Patel of Owl Ventures