India’s online food delivery order volumes continue to remain down by over 60% from the peak reached in the first two weeks of March, according to data from Israel’s Superfly Insights, which collated it through anonymised billing information. “We are seeing some growth coming back, but still not at a pre-Covid-19 level and it’s so […]

Google Pay, the payments platform of Google India, has on-boarded hyperlocal delivery startup Dunzo on its platform as a storefront, at a time when demand for grocery and essentials remains high. This means one can run any task — grocery delivery, medicine delivery, pickup-and-drop — by using the Dunzo tab inside the payments app. Dunzo, […]

President Donald Trump escalated his war on Twitter and other social media companies Thursday, signing an executive order challenging the lawsuit protections that have served as a bedrock for unfettered speech on the internet. Announced with fanfare, the president’s action yet appeared to be more about politics than substance. He aims to rally supporters after […]

Illustration: Rahul Awasthi Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger. Japanese conglomerate SoftBank, a common investor in Paytm Mall and Grofers, initiated the deal talks, sources said. “SoftBank does not […]

Illustration: Rahul Awasthi The Ministry of Information Technology (MeitY) is fast-tracking its ambitious Rs 5,000 crore fund-of-funds targeted at deploying much-needed domestic capital into India’s software products ecosystem, as the government looks to reopen the economy in a phased manner after a two-month lockdown. MeitY officials are expected to approach the finance ministry as early […]

Happy Thursday! India’s strict nationwide lockdown ensured that public transport remained off the roads for over two months, restricting commute options for healthcare workers, civic authorities, and delivery executives. Some states are now contemplating a cap on the number of passengers who can travel at any given time. As businesses and mass transit systems reopen […]

Online ticket booking company BookMyShow has laid off or furloughed 270 employees, making it the latest entrant in a list of well-funded consumer internet companies to have fired workers in the wake of the economic crisis due to the Covid-19 pandemic. The company has been forced to downsize due to the “unfavourable environment,” said Ashish […]

TikTok‘s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said. The short video app’s parent company ByteDance has […]

Online casual gaming firms saw traffic surge just days into the nationwide lockdown that began on March 25, industry players told ET, as people spent more time indoors and as first-timers took the plunge into internetgaming. Casual gaming is targeted at a mass audience and normally requires a lower investment of time and money. Poker […]

Google is said to be exploring an investment in Vodafone Idea, about a month after rival Facebook picked up a 9.99% stake in RIL-owned Jio Platforms, the Financial Times reported, citing people familiar with the matter. It said that Google is looking to pick up a 5% stake in India’s second-largest telecom operator, which is […]