US-based retailer Walmart has set in motion plans to convert some of its two dozen wholesale stores into fulfilment centres for homegrown ecommerce firm Flipkart, which it owns, as part of a restructuring process of its cash-and-carry business, multiple people familiar with the development said. “Out of the 28 stores, six will be converted into […]
Hope country remains a progressive democracy: Microsoft’s Satya Nadella
Terming himself as an “India optimist”, Microsoft chief executive Satya Nadella said he hoped the country of his birth continued to be a “progressive democracy“. In an exclusive interview with ET, the 52-year-old leader of the world’s third-most valuable company said it is the people and governments that decide on policies such as immigration and […]
Travel giant Expedia to cut 3,000 jobs: Report
Online travel giant Expedia will cut 3,000 jobs worldwide after what the company called a “disappointing” performance in 2019, US media reported Monday. The firm, which operates its flagship travel site as well as Hotels.com, Hotwire, Travelocity, Cheaptickets, Egencia and CarRentals.com, said the decision was made after determining it had been “pursuing growth in an […]
Coronavirus impact: Amazon guards shelf from disease
What if the Everything Store couldn’t sell everything because of disruptions from the coronavirus? That’s the situation that Amazon – which typically stocks more than 100 million items, from toilet paper to yoga pants – is working to avoid as the deadly outbreak continues to shut down and slow factories in China that produce the […]
Intuit to buy personal finances rival Credit Karma
Intuit on Monday announced a deal to buy personal finances rival Credit Karma for $7 billion in cash and stock. Intuit, the maker of TurboTax, QuickBooks and Mint, said it planned to work with Credit Karma to create a digital aide to help people better manage their money and meet financial goals. Credit Karma, which […]
Gaana tops audio streaming charts with 30% share: Report
Gaana, the music streaming service owned by Times Internet, has emerged as the leader in the category with a 30% market share in January, according to OTT Audience Measurement Insights, a passive, continuous audience measurement service. Gaana was ahead of competitors including JioSaavn (24%), Wynk and Spotify (15% each), and Google Play Music (10%), in […]
India’s 1st Aadhaar authenticated farmers’ database likely in June
The government will launch first of its kind Aadhaar-authenticated digital data base of farmers in June, agriculture secretary Sanjay Agrawal told ET. This will be used as a master database for implementing any farmer-related government schemes, he said, adding that the database will be a consolidation of all kinds of genuine lists of farmers available […]
Content, tech firms back separate body, but telcos want regulation
Telecom carriers and content/technology companies have sparred over tighter enforcement of net neutrality rules, with the likes of Bharti Airtel calling on the government to reorient its position about the open internet with the advent of 5G, and urged application of net neutrality rules on content providers such as Netflix. In their submissions to the […]
CCI orders detailed probe against MakeMyTrip, Oyo
Illustration: Rahul Awasthi The Competition Commission on Monday ordered a detailed probe against MakeMyTrip (MMT) and Oyo for allegedly indulging in unfair business practices, on a complaint filed by the operator of Treebo Hotels. This is the second time in less than six months that the fair trade watchdog has called for an investigation against […]
Public libraries in Karnataka to go digital from tomorrow
Karnataka will roll out digital libraries on Wednesday as the government has successfully transformed its legacy public libraries into digital powerhouse of knowledge and e-learning. The government will also simultaneously launch a digital app of its public library which will change the traditional way of using a public library. “Ours is the first of its […]