German luxury carmaker Audi is gearing up to become a service provider as well, offering a host of premium lifestyle services to its customers in India, according to a top official of the firm. The company, under its 2025 strategy of focussing on customer centricity besides enhancing product portfolio and sales and service network in […]

Public procurement worth Rs 40,000 crore has taken place through the government’s online marketplace GeM, Expenditure Secretary T V Somanathan said on Monday. Stressing that the focus of public procurement system is on economy, rigour, fairness and transparency, he said the efficiency of procurement makes a big difference to the fiscal discipline of government. Towards […]

PhonePe has ventured into the business of digital ATMs with ambitions to operate what could turn out to be the largest fleet of cash withdrawal points across the country. For this, the Walmart-owned financial service provider has geotagged more than half a million merchants with excess cash to help customers convert digital money into cash […]

Centre for Accountability and Systemic Change (CASC), a think tank that had filed a public interest litigation before the Supreme Court last year against WhatsApp Pay, has sought an immediate rollback of the messaging app’s pilot project. In an interim application filed on Monday, CASC has urged the apex court to stop WhatsApp’s trial with […]

More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources said. The firms, including China’s dominant ride hailing service provider, Didi Chuxing Technology Co, Megvii […]

Samsung India has withdrawn its consumer promotion with Amazon’s digital payment service, Amazon Pay, for smartphones after huge protest from offline cellphone retailers that the offer would mean hooking the customer to Amazon and mandatory registration of retailers in the marketplace which would ultimately hurt their business. According to two senior industry executives, the Korean […]

Airbnb said on Monday it has suspended bookings in Beijing until Febreuary 29 as death toll from the coronavirus outbreak in China exceeded 900. “In light of the novel coronavirus outbreak and guidance from local authorities for the short-term rental industry during this public health emergency, bookings of all listings in Beijing with check-in from […]

TikTok on Monday said it is working with academia and civil society to enhance engagement, and enrich and empower the short-video platform. TikTok, which is owned by Chinese firm ByteDance, said it is also harnessing the power of artificial intelligence to show relevant content to the users. “We look at best practices, work with academia […]

Illustration: Rahul Awasthi Amazon on Monday filed a petition at the Karnataka High Court to “quash” the investigation ordered by India’s competition watchdog into alleged malpractices by the online marketplace. The American company also sought an interim stay on the probe ordered by Competition Commission of India (CCI) last month while its petition is heard […]

Illustration: Rahul Awasthi E-commerce major Amazon has filed a petition in the Karnataka High Court to quash an investigation ordered by India’s competition watchdog into the alleged malpractices of the American etailer and its chief rival Flipkart. Amazon also sought an interim stay on the investigation, as per the petition filed, Monday. Amazon said the […]