One of India’s original techpreneurs behind business process outsourcing company WNS, Neeraj Bhargava, is making a comeback with the launch of digital media and entertainment venture Rainshine. For starters, Rainshine has acquired significant stakes in digital video network Culture Machine, stand-up comic Vir Das-founded content studio and consultancy Weirdass Comedy, and kids entertainment startup Kinsane. […]
Archives for 2019
Morgan Stanley warns Walmart may exit Flipkart post new FDI rules
Wall Street biggie, Morgan Stanley said Walmart may exit Flipkart in a similar move to what Amazon did in China if the retail giant can’t see a long-term path to profitability. The brokerage firm said in a report dated February 4 that “an exit (by Walmart) is likely, and not completely out of the question, […]
Slack makes confidential filing to go public
Slack has confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly,the company said on Monday, moving the business messaging service a step closer to going public in what is expected to be a high-profile year for initial public offerings. Slack still plans to pursue a direct listing as opposed to a […]
SD-WAN Players Maneuver with Partnerships
News SD-WAN Players Maneuver with Partnerships By David Ramel 02/04/2019 As the fast-growing software-defined wide-area networking (SD-WAN) space shakes itself out, industry players are maneuvering to cash in on market opportunities with a series of partnerships. Two such pacts announced on the same day last week serve as the latest examples of this trend, as […]
SpeakUp Linux Backdoor Sets Up for Major Attack
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Twitter CEO Jack Dorsey talks about how editable tweets could work
The Twitter logo in New York City, U.S., September 28, 2016. REUTERS/Brendan McDermid/File Photo Micro-blogging site Twitter is considering the possibility of adding support for editing tweets, but the original version of the tweet would still be viewable. “Maybe we introduce a 5-30 seconds delay in the sending of tweet and within that window, you […]
Allocation to UIDAI 8.7% lower for 2019-20 to Rs 1,227 crore
The government has cut allocation to the Unique Identification Authority of India (UIDAI) by about 8.7 per cent to Rs 1,227 crore for 2019-20 compared to Rs 1,345 crore in the 2018-19. According to the interim budget tabled in Parliament on February 1, the budgetary allocation for UIDAI as per revised estimates for the current […]
E-commerce policy to have new FDI norms
The upcoming policy to govern the country’s e-commerce is unlikely to provide for a separate regulator for the sector but will incorporate the recently updated foreign direct investment (FDI) norms. The Department for Promotion of Industry and Internal Trade (DPIIT) will hold a meeting with stakeholders including those companies and groups that were opposed to […]
ZEE Entertainment in talks with global players, mostly US firms
Zee Entertainment Enterprises chief executive Punit Goenka expects the company’s stake sale to happen sooner than the April deadline it has set for itself. Suitors for the stake are predominantly US players, Goenka tells ET, as he discusses the stake sale process, dealing with a bear cartel and the Essel Group’s deleveraging efforts. Edited excerpts: […]
Amazon’s key sellers plan a wholesale makeover to become e-commerce FDI compliant
Amazon is looking at converting Cloudtail and Appario — two of the most prominent sellers on the platform — into wholesale entities undertaking business-to-business (B2B) transactions in order to be compliant with ecommerce FDI rules that came into effect on February 1. Cloudtail and Appario, in which Amazon holds 49% each, will then sell to […]