Google will allow business and education users on Gmail.com to directly take calls on its video conferencing tool Meet starting Thursday, a new feature being offered as the Alphabet unit seeks to capitalize on security and other concerns with rival services. The integration of Meet with e-mail is the first of several features being launched […]
Archives for 2020
Luckin Coffee’s Accounting Scandal Thwarts Backer’s $2.5 Billion Fund – The Wall Street Journal
The accounting mess at China’s Luckin Coffee Inc. has forced one of its top backers to put off its fundraising plans. Centurium Capital, a three-year-old Chinese private-equity firm that has a sizable investment in Luckin, has put on hold plans to raise a second fund with a target size of $2.5 billion, according to people […]
Zoom rival BlueJeans snapped up by Verizon for less than $500 million
Image Source: BlueJeans Verizon on Thursday agreed to buy BlueJeans, a rival of Zoom, for less than $500 million as it looks to tap into the new-found popularity of video-conferencing apps. Shelter-in-place orders to contain the spread of the new coronavirus have pushed companies to adopt news ways of doing business, leading to a surge […]
Stripe raises $600 million as Covid-19 gives fintech a boost
U.S. fintech startup Stripe said on Thursday it raised $600 million, as companies that provide the online infrastructure for financial and payment services get a boost from the coronavirus pandemic. Fintech startups attracted a flood of investments last year as they pushed digitalization in financial services. The pandemic is accelerating the trend as more customers […]
Zoom not a safe platform for video conferencing: MHA
Warning that ‘Zoom’ — a popular mode for holding meetings via video conferencing — was not a safe platform, the home ministry has put out a set of guidelines that individual users may follow to ensure their safety while using Zoom for private purposes. Reiterating the advisory of CERT-In dated February 6, 2020 and March […]
Four states allow online sales of all goods from April 20
Maharashtra, Rajasthan, Tamil Nadu and Odisha have issued notifications allowing ecommerce sales of all goods, including non-essential categories, from April 20 in the second phase of the nationwide lockdown. Karnataka, Telangana and Haryana are evaluating a decision amid pent up demand for products used to aid work and education from home, said two senior industry […]
Fashion companies start ‘buy now, get later’ sales
Small fashion and lifestyle portals are organising lockdown sale events to beat the liquidity crunch during which shoppers can place orders even now but will receive deliveries after lockdown is lifted. Online firms such as Tjori, Voylla, Peachmode among others have announced discounts of up to 80% during the lockdown to prevent an inventory pile […]
Sellers of non-essential items hold horses
Illustration: Rahul Awasthi Sellers on ecommerce marketplaces are wary about products finding buyers as leading e-tailers Amazon and Flipkart have yet to provide clarity on demand despite a government directive allowing sale of non-essential items after April 20. Flipkart has notified sellers via email that they should prepare to start processing and dispatching orders, while […]
E-tailers offer vendors sops to quickly ramp up sales
Amazon said on Thursday it would offer a 50% waiver on commissions for small sellers on its platform till June. This is part of efforts to bring back variety to its product listings and lessen the financial stress on small businesses affected by the nationwide lockdown. The company said sellers that earned less than Rs […]
Poorly Secured Docker Image Comes Under Rapid Attack
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