The Supreme Court is contemplating the feasibility of developing an inhouse web application, which can be owned and controlled internally, to ensure seamless functioning of virtual courts through videoconferencing. This follows concerns being flagged over ownership and security issues of web applications after the Supreme Court started weighing plans to conduct more virtual courts during […]
Covid-19 hit star hotels check into online delivery platforms
As the bite of the coronavirus sinks deeper, some top hotel chains in the country have begun tying up with online delivery platforms to reach housebound patrons, while others are opening up their laundry services to outsiders to generate revenue. Hotel chains including Accor, Hilton and Conrad, and Sheraton have been delivering food from their […]
Amid lockdown, fashion firms strive to keep customers engaged
Leading fashion retailers and ecommerce companies are going all out to keep their customers hooked on to their platforms. Online retailers such as Myntra and Tjori have their consumer engagement teams working on to engage their customers till the time the lockdown eases. Others such as fashion brand Anita Dongre are brainstorming changes in consumer […]
FB, Jio should be transparent on data sharing: Experts
Facebook and Reliance Jio should be transparent about the data being shared between them, experts said. If the $5.7-billion deal is approved, the two companies together will have a subscriber base that would give them a near-monopoly, touching most Indians using the internet. Facebook’s messaging platform WhatsApp is used by two out of three smartphone […]
Facebook-Jio deal to go to CCI, Trai may step in
The $5.7 billion Facebook-Reliance Jio deal needs to be scrutinised by the country’s competition watchdog, mainly from the point of view of data that the combined entity will control, top government officials and industry experts told ET. The two companies are “data elephants” in terms of controlling private data of Indians, and together the combined […]
Net Neutrality laws likely to be tested in clearance for FB-Reliance Jio deal
Illustration: Rahul Awasthi The possibility of Facebook apps getting preferential treatment on Reliance Jio’s network will be a factor regulators will have to keep in mind while evaluating the deal. While India has strong Net neutrality laws, they might be tested in a major way given the magnitude of the deal. The Department of Telecommunications […]
Reliance Jio-FB deal will upend payments sector: Experts
Illustration: Rahul Awasthi The Reliance Jio-Facebook partnership is expected to upend the digital payments sector, crowd out small players and drive consolidation, fintech experts said. Facebook-owned instant messaging platform WhatsApp and telecom operator Jio plan to work with 30 million corner stores across India to help them transact digitally with customers in their neighbourhood. The […]
Clip From Today’s Closing Bell
Josh Brown’s Last Chance Trade: BDX, TMO, BAX from CNBC.
Ripple sues YouTube over cryptocurrency scams
Blockchain firm Ripple sued Alphabet’s YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency “giveaway” scams that use fake social media profiles to dupe victims into sending money. The company says scammers on YouTube have been impersonating Ripple and its CEO, Brad Garlinghouse, to bait viewers into sending thousands of dollars […]
How Facebook is logging into the Reliance Jio ecosystem
Illustration: Rahul Awasthi Among the many things left unsaid in the several statements surrounding the $5.7 billion investment by Facebook in Reliance Industries Ltd.-owned Jio Platforms on Wednesday, was that the social media giant’s messaging service WhatsApp could now be transitioning beyond an app into a “platform”, with commerce and transactions (payments) becoming integral to […]