Online travel firm MakeMyTrip‘s top executives Deep Kalra and Rajesh Magow have decided to draw ‘zero salary’ from April 2020, while the rest of its leadership team will take a reduction of around 50% in their compensation amid the Covid-19 outbreak. Group Executive Chairman Deep Kalra and its Group CEO Rajesh Magow have decided to […]

Online food delivery startups Swiggy and Zomato are working with minimal delivery staffing and limited restaurant partners in several states as riders refuse to come to work fearing police harassment amid the Covid-19 lockdown. More than 95% of restaurants are offline, according to the National Restaurant Association of India. “Manpower can’t be risked…and supply is […]

Illustration: Rahul Awasthi Open Financial Technologies, which operates a ‘neo-bank’ that helps small businesses automate and run their finances, will now focus on wealth management and lending even though the Covid-19 pandemic threatens the adoption of new products in the upcoming financial year. “Wealth management and lending are a core focus for the year. We […]

Illustration: Rahul Awasthi After temporarily suspending all its services to customers on Wednesday morning, Flipkart is gearing up to restart its grocery delivery service Supermart within the next few hours, people familiar with the matter told ET. The company will first kick off deliveries of food and other essentials in Bengaluru, followed by Mumbai, Chennai, […]

All video streaming services, including Netflix, Amazon Prime, Hotstar and others, have jointly decided to offer only standard definition (SD) quality content on cellular networks, suspending high definition (HD) and ultra HD effective immediately. The digital services also decided to lower the bitrates to 480p, which will put less stress on telecom networks as India […]

As large parts of the country go under a lockdown forcing people to stay at home, audiostreaming services such as Gaana, JioSaavn, Spotify and YouTube Music are witnessing a spike in the time that users are spending by listening to music and podcasts, shows a study. The first fortnight of March has seen a 42% […]

Facebook is said to be in negotiations to acquire a stake in Mukesh Ambani’s Reliance Jio Infocomm, the Financial Times reported, citing two people with knowledge of the matter. It said the social media giant was close to an initial agreement to pick up a 10% stake but discussions hadn’t moved forward on account of […]

Delivery of essential items such as food, groceries and medical supplies, ordered by customers from e-commerce sites, has been disrupted even after state governments exempted e-commerce services from the ongoing widespread lockdowns till March 31, prominent e-tailers told ET. “We are not operational due to restrictions imposed by local authorities on the movement of goods […]

Amazon‘s India unit on Tuesday said it will temporarily stop taking orders for non-essential products and disable their deliveries in a bid to fulfil critical needs of its customers at a time much of the country is under lockdown to prevent the spread of the coronavirus pandemic. Amazon will prioritise the sale and delivery of […]

Twitter pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of active users on the microblogging platform. The outbreak has made social media services such as Twitter vital for a broader population than usual, as people look to […]