Amazon and Flipkart are in talks with several warehouse operators across the country to lease their space temporarily in anticipation of a bumper festive season as consumers increasingly click to buy and avoid crowding brick and mortar stores due to the continuing Covid-19 pandemic. Both companies expect their sales to outpace existing fulfilment centres and […]

Illustration: Rahul Awasthi More offline garment, footwear and other retailers are looking to set up their own online storefronts and logistics for online deliveries, according to a study conducted among more than 20,000 freelancers and small businesses. The study, conducted by Bengaluru-based invoice and payment system for freelancers, Refrens.com, measured the Covid-19 pandemic’s impact on […]

Mobile gaming firm Skillz Inc will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition Corp, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. The transaction will value Skillz at around $3.6 billion, according to Skillz.Wellington Management, Fidelity Investments, Franklin Templeton Investments and Neuberger […]

In Washington on Monday, China’s new export measures were widely seen as a potential poison pill for the TikTok deal. Beijing: China on Thursday said India’s decision to ban 118 Chinese APPs is not beneficial to the Indian users nor to China’s businesses and claimed it violated WTO rules. India on Wednesday banned 118 more […]

By Pavel Alpeyev, Giles Turner and Sarah McBride SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has […]

Robinhood faces a probe by the U.S. Securities and Exchange Commission over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders, the Wall Street Journal reported on Wednesday. The investigation is at an advanced stage and the company could pay a fine exceeding $10 million, the report added, citing […]

Under pressure for weeks over its handling of hate speech, Facebook on Thursday banned BJP politician T Raja Singh from its platform and Instagram for violating its policy around content promoting violence and hate. “We have banned Raja Singh from Facebook for violating our policy prohibiting those that promote or engage in violence and hate […]

Zomato has raised Rs 456 crore or $62 million from Singapore’s state investment arm Temasek Holdings, regulatory filings sourced from Tofler show. The transaction was made from MacRitchie Investments, a unit of Temasek, and an existing investor in Zomato. The food ordering and restaurant discovery platform was valued at about $3 billion, according to people […]

There is a full-blown fight among India’s leading digital payments firms over which is a more “Indian” product, with the matter now reaching the RBI. BharatPe, a merchant payments startup, has been distributing flyers and pamphlets showing Paytm with Chinese flags and PhonePe with US flags, implying it’s the only ‘Bharatiya’ or ‘Indian’ company. There […]

A team of Facebook representatives on Wednesday claimed the social media platform is neutral towards all political parties when it deposed before the parliamentary standing committee on information technology for allegedly allowing display of hate content on its site. The Shashi Tharoor-led panel questioned the Facebook team, led by its India head Ajith Mohan, for […]