The special committee on the board of The We Company, which operates office-sharing startup WeWork, filed a lawsuit against its largest shareholder SoftBank Group on Tuesday, challenging its decision to terminate a $3-billion tender offer. Earlier in April, SoftBank said it had terminated the tender offer for additional WeWork shares agreed last year with shareholders, […]

Twitter-backed regional social media platform ShareChat is betting big on its reach among vernacular audiences to drive targeted campaigns by large advertisers in local languages. Executed by micro-influencers and user-generated content on its platform, the company has already carried campaigns by multinationals such as Facebook, Coca Cola, Pepsi along with homegrown giants like Oyo, MTR, […]

An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a request for comment on […]

Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The investment, which was mixture of debt and equity, raises Airbnb’s cash reserves to around […]

Amazon has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for […]

Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making smartphones, laptops and televisions only ways to access the outside world, including office. According to data collated by various agencies and i-exchanges, internet has emerged as the biggest source for information and […]

The Supreme Court on Monday directed all district courts in the country to switch to video proceedings and authorised presiding officers to adjourn the proceedings if measures to control crowding in court rooms fail. A three-judge bench of Chief Justice SA Bobde and justices DY Chandrachud and L Nageswara Rao said courts should restrict entry […]

(Representative Image) The government has written to social media platforms TikTok, Helo and Facebook asking them to remove videos circulating on their platforms that allegedly seek to influence Muslims against following Covid-19 containment measures, top officials said. The government action follows a report submitted to the Ministry of Home Affairs last week by open-source intelligence […]

Illustration: Rahul Awasthi Freelancers are facing payment delays in view of the Covid-19 outbreak induced lockdown. While domestic payments have been delayed to 24 days from an average 19 days earlier, international payments are taking double the time than usual, a study shared exclusively with ET by Bengaluru-based invoices and payment system for freelancers, Refrens, […]

Google on Monday said it has started showing the locations of food shelters and night shelters in cities across India on its services like Maps, to help people especially migrant workers find relief centers with ease. The tech giant said it is working closely with state and central government authorities to surface the locations of […]