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Archives for 2020
IT Disappoints Business on Data and Analytics
Business groups inside organizations express their disappointment with IT in terms of data and analytics in a new survey that looks at priorities and areas at risk for failure. The business sides of organizations today are recognizing the importance and value of data and analytics in competing in today’s market, but they feel like IT […]
US IRS sues Facebook for $9 billion in unpaid taxes
The US Internal Revenue Service (IRS) has sued Facebook for $9 billion in unpaid taxes, alleging that the social networking giant undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes. The IRS lawsuit, filed in a San Francisco court, claimed that Facebook “undervalued the royalty amount between 2010 and 2016, […]
Paytm Bank partners with Ola & Uber to issue FASTags to one lakh drivers
Paytm Payments Bank said it has entered into a strategic partnership with ride-hailing companies, Ola and Uber, and will issue FASTags to more than 1 lakh driver-partners. The company said it has set up over 12 camps at Uber Green zones across all the major cities including Delhi-NCR, Bangalore, Chennai Kerala, Hyderabad, Kolkata, Guwahati, Pune, […]
Amazon grapples with the fallout from the Coronavirus
By Karen Weise and Michael Corkery What if the Everything Store couldn’t sell everything because of disruptions from the coronavirus? That’s the situation that Amazon — which typically stocks more than 100 million items, from toilet paper to yoga pants — is working to avoid as the deadly outbreak continues to shut down and slow […]
Flipkart moves Karnataka HC against antitrust probe
Illustration: Rahul Awasthi Walmart-owned ecommerce marketplace Flipkart has filed a writ petition in the Karnataka High Court challenging an antitrust investigation into its alleged anticompetitive business practices. The move comes days after the same court had stayed the Competition Commission of India’s (CCI) probe following a similar plea by rival Amazon. “We are a party […]
After Amazon, Walmart’s Flipkart challenges India antitrust probe
Illustration: Rahul Awasthi Walmart‘s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc. The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain […]
India connected, shops online
Illustration: Rahul Awasthi The contribution of e-commerce to smartphone, television, air-conditioner and washing machine sales has gone up in 2019 from the previous year, which marketers attributed to continued shift of consumption habit and plethora of price aggressive online launches. Latest data from sales tracker GfK India showed the contribution of e-commerce to total smartphone […]
War with Netflix and Disney looms for India’s top local streamer
By P R SanjaiAs global streaming giants Netflix Inc. and Walt Disney Co. spend millions of dollars to grab viewers in India, a country that could become their biggest overseas market, a homegrown rival is preparing to defend its turf. Zee5, the top domestic streaming platform set up by India’s biggest television broadcaster, is betting […]
WeWork India to go slow, expects profit this year
WeWork India is planning to go slower on its investments than previously planned and is looking to turn profitable by October this year. The local affiliate of the global coworking venture started operations a little more than three years ago. CEO Karan Virwani said the company has gone considerably slow in signing lease agreements for […]