A traders’ association has urged the government to probe the business models of 16 technology startups and ecommerce companies, including Flipkart, Amazon, Zomato, Swiggy and Oyo, arguing that incurring huge yearly losses and earning revenue were not healthy business practices. The Confederation of All India Traders (CAIT) wrote to commerce minister Piyush Goyal on Thursday, […]

Amazon‘s music streaming service ‘Amazon Music‘ has reached 55 million subscribers globally closing in on Apple Music which has over 60 million users. “Our strategy is unique and, like everything we do at Amazon, starts with our customers. We have always been focused on expanding the marketplace for music streaming by offering music listener’s unparalleled […]

A Joint Parliamentary Committee (JPC) set up to study the Personal Data Protection Bill, 2019, has invited comments from stakeholders. Those who want to submit their views must do so in three weeks. The submissions would form part of the records of the committee and will be treated as confidential, the notice said. Those who […]

Mastercard and Pine Labs on Friday confirmed an investment by the US payments and technology giant into the home-grown fintech company, two days after ET reported citing sources that Mastercard had emerged as a strong contender to invest in India’s largest point-of-sale solutions provider as part of a $300 million financing round. Mastercard and Pine […]

After years of disciplined execution in building global products out of Chennai, a growing crop of Chennai’s tech product entrepreneurs crossed the seas in 2019 to prove their mettle in Silicon Valley. From building teams and aligning to new cultures, it’s not an easy transition, but the new ‘Madras-Bay Area’ mafia has made it a […]

Illustration: Rahul Awasthi TikTok has licensed a catalogue of independent music as it worked to build on the momentum of the social networking app specializing in video snippets. The deal between TikTok and Merlin, a digital rights agency for independent music labels, is designed to help facilitate the use of the short-form video service for […]

Logistics startup XpressBees has raised Rs 71.2 crore ($10 million) in fresh funding from existing investor Alibaba, regulatory documents filed by the company showed. This is the latest investment by the Chinese e-commerce firm, whose funding activity in India has slowed sharply in the past one year. Busybees Logistics Solutions, which runs XpressBees, issued 9,317 […]

By Shira Ovide Technology changed every molecule of life in the 2010s. Airbnb, Uber and other young companies morphed the physical complexion of cities and how they work. The growing prevalence of e-commerce, fast internet connections and smartphones in everyone’s pockets shifted how we shop, behave and are entertained — with both good and bad […]

By Vindu Goel and Karan Deep Singh Oyo, a startup that offers budget hotel rooms, has grown into one of India’s most valuable private companies and aims to be the world’s largest hotel chain by 2023. But at least part of Oyo’s rise in India was built on practices that raise questions about the health […]

In a building on West 147th Street in Upper Manhattan, the mail carriers know apartment 1A. Boxes arrive at all hours, ordered from websites around the world. Throw pillows, diapers, car parts, cellphones, high heels and AirPods pile up in the foyer, but none of the items were bought by the person to whom they […]