Twitter on Thursday confirmed that the Twitter account linked to Prime Minister Narendra Modi‘s personal website was hacked by a group that claimed to be John Wick, in the first profile takeover since the cyber breach on the micro blogging platform in July. The account has since been restored. “We’re aware of this activity and […]

Illustration: Rahul Awasthi Zomato has roped in two new investors — Tiger Global and Kora Capital — in an ongoing funding round valuing the food ordering and restaurant discovery platform at around $3 billion, according to people aware of the development. The company has raised around $250 million collectively from Tiger, Kora and Singapore’s sovereign […]

India banned an additional 118 Chinese-owned apps, including the popular game PUBG, on concerns over “stealing” user data and for engaging in activities prejudicial to the country’s “sovereignty and integrity.” Apart from Tencent’s PUBG, which has its most users in India, the fresh ban includes apps from the stable of Chinese internet giant Baidu and […]

Amazon has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market. The push ramps up competition as financial technology (fintech) rivals and their deep-pocketed foreign backers struggle for profitability in a predominantly […]

Illustration: Rahul Awasthi Unacademy will receive $150 million in a fresh funding round led by Japan’s SoftBank Vision Fund, the Bengaluru-based education technology company said on Wednesday. The capital infusion, which has yet to hit the bank, will push the firm’s valuation to $1.45 billion, the company said, second only to industry leader Byju’s and […]

In a setback for Netflix, the Supreme Court on Wednesday refused to entertain its writ petition challenging a Bihar Court order which last month restrained it from using Subrata Roy’s name in its upcoming web series “Bad Boy Billionaires”. The series was slated for release on Wednesday at 12 noon. However, owing to two Courts- […]

Illustration: Rahul Awasthi Music streaming service Gaana has raised Rs 375 crore in debt funding from existing shareholders Tencent and Times Internet. The development comes nearly two years after Chinese technology giant Tencent led a $115 million funding in the music streaming service. “We recently raised Rs 375 crore debt from existing shareholders, Times Internet, […]

(Representative image) India’s top internet commerce companies, including Flipkart and Amazon, have sought time from the Centre to ensure that all products sold on their platforms display the ‘country of origin’ label, multiple people aware of the discussions told ET. At a virtual meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) […]

WhatsApp just can’t catch a break. The Facebook-owned messaging app had launched its payment service in Brazil last week after struggling to get approval for a full-fledged rollout in its largest market India for two years, due to various regulatory concerns. However, it now seems to have run into trouble in its second-largest market as […]

Illustration: Rahul Awasthi Facebook‘s $5.7 billion investment in Jio Platforms has received a nod from the country’s antitrust watchdog, the Competition Commission of India (CCI). ET had reported earlier this month that Facebook had floated a new Delaware, US-incorporated entity called Jaadhu Holdings LLC, that is expected to acquire a minority 9.99% stake in Jio […]