Private equity firm KKR is set to invest Rs 11,367 crore in Jio Platforms for a 2.32% stake. This will be the fifth investment in the Reliance Industries Ltd (RIL) business in rapid succession, following those by social media major Facebook, private equity funds Silver Lake, Vista Equity Partners and General Atlantic. Analysts expect more […]
Archives for May 2020
Facebook’s new safety tool to lock your profile from nosey non-friends
Facebook said on Thursday it is launching a new safety feature that will lock user profiles and restrict ‘non-friends’ from accessing their photos, timelines and posts (both old and new) in a single click. Facebook said the new feature is designed for people in India, especially women, who want more control over their Facebook experience. […]
India’s online grocery market may clock $3 billion sales in 2020
Illustration: Rahul Awasthi India’s online grocery market could top $3 billion in sales this year, a 76% increase over last year, as the spike in demand for home delivery of fresh produce and staples seen during the nationwide lockdown is expected to sustain through the rest of the year, analysts and industry executives said. The […]
Intuit Third Quarter Revenue Declined 8 Percent; Small Business Online Ecosystem Revenue Grew 28 Percent
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Intuit Inc. (Nasdaq: INTU), maker of TurboTax, QuickBooks and Mint, announced financial results for the third quarter of fiscal 2020, which ended April 30. “During the first half of the fiscal year we grew total company revenue 14 percent, and we saw this momentum continue into the beginning of the third […]
Long Tail Analysis: A New Hope in the Cybercrime Battle
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
SEC amends disclosure rules for acquisitions and disposals
The SEC voted to adopt amendments to its rules and forms for disclosing financial information about acquired or disposed businesses. The changes are intended to improve information for investors, facilitate more timely access to capital, and reduce the complexity and costs of preparing the disclosure. The new rules and forms are designed to help registrants […]
Verizon’s 5G build acceleration continues
New developments include a virtual lab to speed 5G development, the debut of the 35th Ultra Wideband city, and new ecosystem partners to extend the reach of mmWave. More for CXOs Verizon’s 5G build acceleration continues, and on Wednesday, Verizon announced that it created a new virtual lab to speed 5G application development. It also […]
Netflix to start automatically cancelling inactive accounts
Netflix said on Thursday it will ask customers who have not watched anything on its platform for a year whether they want to keep their membership and automatically cancel the subscription if they don’t receive any confirmation. The streaming service said it will also reach out to customers who haven’t streamed anything in more than […]
Why are some smart home businesses ‘bricking’ customers’ devices?
Wink recently gave its customers a two-day deadline to pay a subscription for its services or have them ‘bricked’, digitally blocked. Mark Samuel (MS), CEO of Ezlo Innovation, believes that not only is the “buy a subscription or we brick your device” model the wrong way to treat customers, it is also the wrong revenue […]
Amazon’s first major video game is here after several false starts
By Priya Anand and Olga Kharif Amazon faces a crucial test on Wednesday with the release of its first original big-budget video game. The reception from homebound gamers will signal whether the company can become a force in a $159-billion global industry dominated by the likes of Microsoft and Activision Blizzard. Crucible is a free-to-play […]