South Africa’s Naspers has taken full control of Russia’s largest classified advertising platform Avito after it spent $1.16 billion to buy the 29.1% it did not already own, the media and e-commerce group said on Friday. Reuters had reported earlier on Friday that Naspers was nearing a deal to buyout minority shareholders in a transaction […]
NCLAT reserves order on plea against CCI nod to Walmart-Flipkart deal
The National Company Law Appellate Tribunal (NCLAT) has reserved its judgement over the petition filed by traders’ body CAIT against fair trade regulator CCI‘s nod to Walmart‘s $16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya concluded its hearing on Thursday after taking note of submissions made […]
Traders’ bodies against deadline extension for FDI in E-commerce norms
The Confederation of All India Traders and the Swadeshi Jagran Manch have opposed any extension of the February 1 deadline for updated norms on foreign investment in e-commerce, as sought by some online retail platforms. In letters to the prime minister, they urged his office not to grant more time to the e-tailers after ET […]
Twitter testing new feature to identify who started fake tweet
In a bid to curb the spread of fake and abusive content with untraceable origins on its platform, micro-blogging platform Twitter is testing a new feature that would help track the original tweeter. Once rolled out, the feature will help cyber cell and other law enforcement authorities nab the one who started a “bad” tweet […]
More than 200 hotels check out of Oyo over disputes
More than 200 hotels have ended agreements with SoftBank-backed Oyo over mismanagement of contracts, arbitrary charges and other disputes, industry associations said, adding that others want to exit contracts but are stuck for various reasons. Oyo refuted the allegations. “This is more dominant in the south and west but now hotels in north India are […]
We don’t sell people’s data: Mark Zuckerberg
Facebook co-founder and chief Mark Zuckerberg on Thursday renewed his defense of the social network’s business, arguing that targeting ads based on interests was different from selling people’s data. “If we’re committed to serving everyone, then we need a service that is affordable to everyone,” Zuckerberg said in an opinion piece published in the Wall […]
Google’s bid to battle Amazon suffers blow as Walmart withdraws
By Matthew Boyle and Mark Bergen Walmart has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon in e-commerce. Walmart removed its products from Google’s Shopping Actions service, the internet giant said on Thursday. The retailer also recently dropped out of Google Express, a related delivery service. In March, Google unveiled Shopping Actions, […]
Microsoft Office is now available on Apple’s Mac App Store
Apple has announced that Microsoft Office 365 is now available on Mac App Store where Apple users can directly download the flagship apps such as Word, PowerPoint and Excel. The debut of the Microsoft Office in Apple Store came a little bit later than what Apple first announced at its Worldwide Developers Conference last year, […]
Microsoft ‘waiting to find out’ why Bing went offline in China
A smartphone with the Microsoft Bing logo is displayed against the backdrop of a Chinese flag in this picture illustration taken January 24, 2019. REUTERS/Dado Ruvic/Illustration Microsoft is still trying to figure out why its Bing search engine temporarily went offline in China, the company’s president said following speculation that it could have been blocked […]
Raymond taps B2B e-commerce to link retailers and dealers
Picture credits: ThinkStock Raymond, India’s largest textile & global conglomerate, will foray into B2B e-commerce to connect retailers and dealers in the clothing and textile space. According to sources in textile and apparel circles, Raymond had already enrolled 2,500 retailers across India and has been running pilot tests for more than four months, including in […]