State Bank of India (SBI), the country’s biggest lender, said that the data of its customers are safe and that it is continuing to probe the systems for a potential breach of security after a Techcrunch report on data compromise at the bank. “Basis our initial probe, we hereby confirm that SBI’s data continue to […]

Jeff Bezos is planning to use short-form content for Amazon Prime users to take on biggies like YouTube and Facebook. Two persons with knowledge of the development told ET that Amazon is planning to put up under-15-minute videos like music videos, trailers, comedy and how-to videos on its platform. “The success of YouTube lies in […]

Nearly three years after Cyrus Mistry’s failed attempt to list Tata Sky through an IPO, the company’s financial investors are looking to monetise their investments through a stake sale. The Singapore government’s investment firm Temasek Holdings and Tata Opportunities Fund, which together control 19% of the DTH satellite TV distributor, have initiated a formal process […]

MakeMyTrip, the country’s biggest online travel aggregator (OTA), plans to opt out of the government scheme on accreditation of OTAs and bed-and-breakfast establishments, stating that it is a technology platform which cannot be assessed for the quality of service of inventory offered on the portal. The tourism ministry had in December issued a set of […]

India’s new e-commerce FDI norms will impact Amazon‘s price, selection and convenience for both customers and sellers in India, chief financial officer Brian Olsavsky said during the company’s earnings call on Friday. “There is much uncertainty as to what the impact of the government rule changes is going to have on the e-commerce sector (in […]

India’s new e-commerce FDI norms will impact Amazon‘s price, selection and convenience for both customers and sellers in India, chief financial officer Brian Olsavsky said during the company’s earnings call on Friday. “There is much uncertainty as to what the impact of the government rule changes is going to have on the e-commerce sector (in […]

An Asian internet lobby group, whose members include Alphabet’s Google and Facebook , on Thursday criticised India’s plans to regulate social media content. The proposal drafted by India’s technology ministry in December would compel Facebook, WhatsApp and Twitter to remove within 24 hours content deemed to be unlawful, including anything affecting the “sovereignty and integrity […]

eBay chief executive officer Devin Wenig said the US online marketplace will re-enter India amidst the government’s latest foreign direct investment (FDI) guidelines on e-commerce companies. “There won’t be one or two parties that make up the entirety of the Indian ecommerce opportunity and we certainly intend to have a share of it,” Wenig said […]

As the revised FDI laws force Flipkart and Amazon to cede control of inventory sold on their platforms, the two firms could look at compensating for loss this with an increased focus on private labels, something which could have the added benefit of yielding higher margins. The government’s notification on December 26 disallowed any seller […]

The revised FDI norms in the e-commerce sector is likely to affect up to 50% of the goods that are sold on Amazon and Flipkart, coming as a huge blow for the two e-tailer. Industry analysts peg the sales being driven by these two class of sellers to be between 50-60% for both e-commerce giants […]