By Lulu Yilun Chen China’s highest-flying technology startups are struggling to stay afloat after the coronavirus outbreak threatened to paralyze critical venture capital funding. Investment in an industry that runs on face-to-face contact and gut instinct has fallen off a cliff since the epidemic erupted in January. Venture capital funds slashed startup investment by 60% […]

Fashion etailer Myntra has announced a new appointment in its leadership team. Raghu Krishnananda has been named as its new chief technology officer (CTO). He was last working as the head of service platforms at Samsung Research Institute in Bengaluru. With over two decades of experience as a tech expert, Krishnananda has led R&D teams […]

Illustration: Rahul Awasthi The Karnataka High Court on Friday stayed the Competition Commission of India’s (CCI) investigation into allegations of anti competitive behaviour by Amazon and its chief rival Flipkart for a period of eight weeks. The interim order comes as a relief to both firms that had come under the competition watchdog’s scrutiny for […]

Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national governments. “We also want tax reform and I’m glad the OECD is looking at this,” Zuckerberg says […]

Illustration: Rahul Awasthi The Competition Commission of India on Thursday told the Karnataka High Court that Amazon’s claim of the commission not having followed the due process in gathering evidence before ordering a probe into the company and its chief rival Flipkart was unfounded. Senior counsel Harish Narsappa, who argued for the CCI, told the […]

Essential Products, a consumer electronics startup founded by the former Google executive Andy Rubin, said on Wednesday that it was ceasing operations. Once considered one of Silicon Valley’s most promising hardware technology startups, Essential had raised $330 million in outside funding because of the track record of Rubin, who is widely credited with creating Google’s […]

Commerce and Industry Minister Piyush Goyal on Thursday asked e-commerce players to strictly adhere to FDI norms, saying it “certainly does not look and feel and smell right” when a company makes a loss of Rs 6,000 crore on a turnover of Rs 5,000 crore. Goyal, who had earlier remarked that e-commerce giant Amazon was […]

By Saritha RaiFacebook, YouTube, Twitter and TikTok will have to reveal users’ identities if Indian government agencies ask them to, according to the country’s controversial new rules for social media companies and messaging apps expected to be published later this month. The requirement comes as governments around the world are trying to hold social media […]

A story eerily similar to Oyo and its hoteliers seems to be playing out at FabHotels, with hotel owners and industry associations accusing the Gurgaon-based hotel aggregator of arbitrary termination of contracts, non-payment of dues and stoppage of minimum guarantee amounts. FabHotels has denied these allegations even as some hotel owners have filed cases against […]

Illustration: Rahul Awasthi Top payment companies owned by global giants Google, Alibaba and Walmart are seeking regulatory and government intervention against alleged inefficiency at some banks and telcos in helping curb customer frauds. These are UPI based frauds where customer accounts are compromised after the victims are socially manipulated either through a targeted phone call […]