The special committee on the board of The We Company, which operates office-sharing startup WeWork, filed a lawsuit against its largest shareholder SoftBank Group on Tuesday, challenging its decision to terminate a $3-billion tender offer. Earlier in April, SoftBank said it had terminated the tender offer for additional WeWork shares agreed last year with shareholders, […]
Archives for April 2020
ShareChat bets big on vernacular audiences with micro-influencers
Twitter-backed regional social media platform ShareChat is betting big on its reach among vernacular audiences to drive targeted campaigns by large advertisers in local languages. Executed by micro-influencers and user-generated content on its platform, the company has already carried campaigns by multinationals such as Facebook, Coca Cola, Pepsi along with homegrown giants like Oyo, MTR, […]
Data Management Heads into Major Transition
Data management and the tools that power it are on the cusp of a major transition that is poised to make the jobs of data engineers easier. One of the in-demand, emerging, and well-paid jobs that has emerged in the IT enterprise over the last decade may soon be getting some long-awaited help. Data engineers […]
Introducing incremental enrichment in Azure Cognitive Search
Incremental enrichment is a new feature of Azure Cognitive Search that brings a declarative approach to indexing your data. When incremental enrichment is turned on, document enrichment is performed at the least cost, even as your skills continue to evolve. Indexers in Azure Cognitive Search add documents to your search index from a data source. […]
Indian traders ask court for Amazon, Flipkart antitrust probe restart
An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a request for comment on […]
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The investment, which was mixture of debt and equity, raises Airbnb’s cash reserves to around […]
Amazon pumps Rs 284 crore into food retail unit
Amazon has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for […]
Internet emerges as biggest infotainment source for consumers amid nationwide lockdown
Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making smartphones, laptops and televisions only ways to access the outside world, including office. According to data collated by various agencies and i-exchanges, internet has emerged as the biggest source for information and […]
SC issues guidelines for courts to switch to videoconferencing during Covid-19 pandemic
The Supreme Court on Monday directed all district courts in the country to switch to video proceedings and authorised presiding officers to adjourn the proceedings if measures to control crowding in court rooms fail. A three-judge bench of Chief Justice SA Bobde and justices DY Chandrachud and L Nageswara Rao said courts should restrict entry […]
Remove videos spreading Covid-19 lies: Govt to social media platforms
(Representative Image) The government has written to social media platforms TikTok, Helo and Facebook asking them to remove videos circulating on their platforms that allegedly seek to influence Muslims against following Covid-19 containment measures, top officials said. The government action follows a report submitted to the Ministry of Home Affairs last week by open-source intelligence […]