Video streaming major Netflix is rolling out a slew of new features to strengthen parental controls on its platform. Parents will now be able to set 4-digit pins for individual profiles that prevent kids from accessing them and also creating new profiles on the service. They will also have the option of removing specific series, […]
ETtech Top 5: VCs want Sidbi to ease sops criteria, hiring activity falls & more
Illustration: Rahul Awasthi VCs want Sidbi to ease sops criteria The news A lobby representing private equity firms and venture capitalists has requested state-run Small Industries Development Bank of India (Sidbi) to ease the qualifying criteria for its recently announced Covid-19 Startup Assistance Scheme (CSAS). The purpose The was launched by Sidbi as an interim […]
Online pharmacies struggle to keep up with demand
Online pharmacies, including 1MG, Medlife and NetMeds, are operating at 50-70% of their capacity, as they continue to face issues related to intercity movement of goods and staff shortage, two weeks into the ongoing 21-day nationwide lockdown. Although warehouses are open and delivery staff moving freely, they are operating at sub-optimal capacity. Since there is […]
WeWork sues SoftBank for dropping $3 billion tender offer
A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to “buyer’s remorse” amid the novel coronavirus outbreak. The tender offer was part of a $9.6 billion rescue financing package that SoftBank agreed with WeWork in October […]
ShareChat bets big on vernacular audiences with micro-influencers
Twitter-backed regional social media platform ShareChat is betting big on its reach among vernacular audiences to drive targeted campaigns by large advertisers in local languages. Executed by micro-influencers and user-generated content on its platform, the company has already carried campaigns by multinationals such as Facebook, Coca Cola, Pepsi along with homegrown giants like Oyo, MTR, […]
Indian traders ask court for Amazon, Flipkart antitrust probe restart
An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a request for comment on […]
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The investment, which was mixture of debt and equity, raises Airbnb’s cash reserves to around […]
Amazon pumps Rs 284 crore into food retail unit
Amazon has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for […]
Internet emerges as biggest infotainment source for consumers amid nationwide lockdown
Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making smartphones, laptops and televisions only ways to access the outside world, including office. According to data collated by various agencies and i-exchanges, internet has emerged as the biggest source for information and […]
SC issues guidelines for courts to switch to videoconferencing during Covid-19 pandemic
The Supreme Court on Monday directed all district courts in the country to switch to video proceedings and authorised presiding officers to adjourn the proceedings if measures to control crowding in court rooms fail. A three-judge bench of Chief Justice SA Bobde and justices DY Chandrachud and L Nageswara Rao said courts should restrict entry […]