Top fashion brands including H&M, Adidas, Calvin Klein, Biba and Marks and Spencer have partnered with Flipkart-owned fashion marketplace Myntra to go on discount of 50-80% in the first online sale post Covid-19 lockdown. The End of Reason Sale (EORS), scheduled to take place between June 19-22, is being looked upon by brands to bring […]

India’s e-commerce growth will likely be driven by Bharat, or users from outside large metro and tier I cities, over the next five-year period. A study by Bain & Company, done in collaboration with online retail giant Flipkart, estimates that India’s online shoppers will grow to 300-350 million by 2025 from around 100 million currently. […]

Happy Monday! Foreign celebs and creators are using Indian song-and-dance-routines in their TikTok posts to bump up their fanbase. India is the biggest international market for the Chinese short-video-sharing platform with over 120 million users—four times that of the United States. And all this comes amid a growing clamour for boycott of Chinese apps in […]

Illustration: Rahul Awasthi Safety and hygiene have emerged as the top priorities for startups in the services space as they seek to win the trust of consumers and partners. Ola, Urban Company, Grofers, Flipkart, Zomato, Swiggy, Amazon and Uber, among others, are investing significant capital in such measures, at a time when the fight against […]

By Mike Isaac Even as Facebook grappled this month with an internal revolt and a cascade of criticism over its refusal to take action on President Donald Trump’s inflammatory posts, the social network was actively making other bets behind the scenes. Late one Tuesday, as attention was focused on how Facebook might handle Trump, the […]

Jio Platforms is set to raise another Rs 6,441.3 crore by selling a combined 1.32% to US private equity firms TPG and L Catterton. These are the eighth and ninth investors, respectively, to announce picking up stake in the Reliance Industries‘ (RIL) telecom and digital business in seven weeks. While TPG is set to invest […]

In the socially distanced Covid-19 world, parties have moved online. When the Mumbai-based Nangalias celebrated their 25th wedding anniversary in end-May, it was a three-day online affair complete with a Bollywood night, Housie, sangeet, live musicians, bhajans and a cocktail party, where 150-plus friends and relatives logged in daily from across the globe to join […]

A Delhi hospitality firmPearl Hospitality & Events has taken Oyo Hotel & Homes to court for reneging on their contract and refusing to pay the amount Oyo allegedly owes for exiting the property before the expiry of the lock-in period. Court documents show the Delhi HC issued a notice last week to Oyo to respond […]

Covid-19 prevention goods are flying off the shelves of the Government e-Marketplace (GeM), the government’s e-procurement portal, with sales to the tune of ₹400 crore so far. The state governments of Uttar Pradesh and Delhi are on the forefront, making maximum such purchases from the portal worth ₹105 crore and ₹75 crore, respectively. This includes […]

Happy Friday! There’s bad news for crypto enthusiasts. India is looking to introduce a new law to ban cryptocurrencies, months after the Supreme Court quashed the April 2018 circular of the Reserve Bank of India that prevented banks from providing services in support of virtual currencies. Crypto ban A draft note will be sent to […]