One97 Communications, which owns digital payments major Paytm, has pledged all it current assets and mutual fund investments to ICICI Bank in order to be able to borrow up to Rs 1,400 crore for working capital, according to documents filed with the Registrar of Companies. Working capital is needed for every corporate entity to function, […]

India is the biggest market for travel portalBooking.com in Asia Pacific and is outpacing China in supply growth, a trend the company expects to continue this year as well, a top executive said. “We enjoyed healthy double digits growth in India in 2018 and we expect the same this year as well. We have grown […]

An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach eBay‘s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing […]

The U.S. government and Facebook are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday. The newspaper said that the U.S. Federal Trade Commission and Facebook had not agreed on an amount, citing two people it said were […]

Infibeam Avenues has said its net profit grew manifold to Rs 26.6 crore during the December 2018 quarter from the year-ago period. The net profit stood at Rs 1.9 crore in the October-December 2017 period, Infibeam said in a statement. The company’s total revenue more than doubled to Rs 150.3 crore in the quarter, compared […]

Offline stores will take action against brands if they don’t curb online discounting or stop launching online-exclusive models at lower prices. With Amazon and Flipkart back to normal as their large sellers have resumed operations, brick-and-mortar stores selling smartphones, computers and consumer electronics fear deep discounting may continue in ecommerce. This follows a brief period […]

If politicians, film stars, law enforcement agencies make direct connect with the people on Twitter, new-age entrepreneurs can’t wait to hitch a ride. Twitter is the best way to get the most constructive feedback at the earliest, according to entrepreneurs who use the micro-blogging site to the hilt when it comes to matters around tech […]

Amazon Prime Video is expanding its India slate of original series by announcing six new series and a returning series. This is part of the company’s global launch of 20 new and returning international series across seven countries including UK, Germany, Italy, Spain, India, Japan, and Mexico. Amazon said all the six announced series will […]

Ebix Inc has acquired an 80% stake in on-demand SaaS travel technology firm Zillious Solutions through its Indian arm, Ebix Software India. Zillious is a pure-play on-demand technology initiative which enables end-to-end technology needs of travel management companies (TMCs), corporate, travel agents and Online Travel Agents(OTAs) in the travel industry. The company works with seven […]

News New ‘Managed Databases’ Service Available from DigitalOcean By Wendy A Hernandez 02/14/2019 As its Valentine’s Day gift to its developer community, today DigitalOcean LLC launched its new Managed Databases for PostgreSQL offering, with additional database engines expected to be released throughout the year. The company says the service will “allow developers to create fully […]