Photo: Arun Sharma Baba Ramdev-promoted Patanjali Ayurved has said the government’s revised ecommerce policy on foreign direct investment (FDI) which was rolled out on February 1 this year “will help to create a level-playing field for all retail platforms, and encourage fair and healthy competition among them”, one year after it inked extensive partnerships with […]

The central bank on Thursday said it is examining the possibility of bringing payment gateway operators under its direct regulatory ambit, a move that industry players said will make the digital payments ecosystem more secure and stable. “We are considering the feasibility of directly regulating these payment operators…given their growing importance in the payment systems […]

Grocery e-tailer BigBasket is closing a new $150-million round that will catapult its pre-money valuation to $1 billion, said four people familiar with the deal details. Existing backer Alibaba is leading the latest fund raise, while new investors UK government-owned CDC Group and South Korea’s Mirae Asset Global Investments are also participating, sources familiar with […]

The recent change in e-commerce regulations will in no way impact the transaction volumes of Cloudtail India on the Amazon portal, as those had always been below a quarter of the online retailer’s annual sales transactions, people familiar with the matter said. Cloudtail, in fact, will derive growth from the expansion of India’s retail market […]

With Cloudtail and Appario Retailmaking a comeback on Amazon, third-party vendors have expressed concern over how they would compete with these preferred sellers. ET spoke to several third-party sellers, who said they are once again competing on price, shipping and logistics and do not expect a level playing field even now. The ownership of Cloudtail […]

Reliance Industries will invest Rs 10,000 crore ($1.4 billion) in West Bengal, a part of which would fund the company’s new e-commerce venture, its chairman Mukesh Ambani said on Thursday. The energy and telecoms conglomerate, which already runs retail stores, has announced plans to diversify into e-commerce at a time when India’s new foreign investment […]

Twitter said on Thursday that its profits rose sharply in the fourth quarter, lifted by gains in advertising despite a drop in its global user base. The short-messaging platform said it posted a $255 million profit in the final three months of 2018, compared with $91 million a year earlier, as revenues rose 24% to […]

Social networking giant Facebook, on Thursday, announced that it would begin enforcement of its advertising transparency policy for India on February 21. Facebook will also introduce two label categories for its disclaimers — “paid for” and “published by”— including the name of the individual or the entity behind the ad, which will be displayed in […]

By Ellen Huet In 2010, when Patrick Collison founded Stripe with his younger brother John, he thought the world was headed toward ever-increasing globalisation, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer. “There are more […]

News Remote Support Solution Provider AetherPal To Be Acquired by VMware By Wendy A Hernandez 02/07/2019 This week VMware Inc. announced its intent to acquire AetherPal, a venture-backed remote support and mobile support enterprise solution provider based in Piscataway, New Jersey. VMware has been reselling AetherPal Remote Support under the name Workspace ONE Advanced Remote […]