Many e-commerce platforms and mobile apps are set to do away with the second-factor authentication of one-time passwords (OTPs) for regular customers on payments up to Rs 2,000, making online transactions quicker and smoother. Flipkart has already done so, and others like Swiggy and ride-sharing apps are about to follow. A key driver for this […]
RS panel suggests system to prevent online abuse of kids
Representative Image A dedicated mechanism to deal with online sexual crimes on children and changes in the definition of ‘child pornography’ under the Protection of Children from Sexual Offences (POCSO) Act are some of the recommendations that a panel of MPs looking into the impact of child pornography is likely to have suggested. The panel […]
India orders antitrust probe against Amazon, Walmart’s Flipkart
India’s competition watchdog has ordered its investigative wing to probe Amazon and Flipkart over their discounting practices, exclusive brand launches on the platforms and the preferential treatment they have allegedly offered to certain mobile phones sellers. In its order on Monday, the Competition Commission of India said it “is of the opinion that there exists […]
Microsoft CEO Satya Nadella wants India to be a place where immigrants prosper
Microsoft chief executive Satya Nadella said his hope is for an India where an immigrant can aspire to found a prosperous startup or lead a multinational corporation benefitting the Indian society and the economy at large. Nadella’s comment came after ET sought his response to a tweet by BuzzFeed News editor-in-chief Ben Smith, who said […]
OYO is laying off around 2,400 employees in India, may let go more in March
Oyo Hotels and Homes is firing an estimated 2,400 employees, or 20% of its total workforce in India, over the course of this week, people directly familiar with the matter told ET. The layoffs, which kickstarted with an internal email by founder Ritesh Agarwal to employees on Monday morning, will primarily be in mid-management, business […]
Internet blackout, protests leave gig workers reeling
A gnawing fear of being caught up in the wrong place, a neighbourhood where protests have erupted or where police are pursuing aggressive curbs, prompted food delivery agent Afzal Afzi to wear his company T-shirt at all times. “I wore it even when I was off duty. I hoped people or authorities would see that […]
India’s about to hand people financial data Americans can only dream of
By Saritha Rai India has more than 560 million internet users, all generating data by the terabyte. Soon they’ll have an unprecedented amount of control over their digital financial footprints, with the ability to decide what to share, with whom, and for how long. India’s top banks are getting ready to roll out a system […]
Mattress startup files for IPO as losses grow
The company’s marketing strategy includes use of influencers to tout its products online. It cites relying on them as a risk that “may materially and adversely affect our reputation or subject us to fines or other penalties”. Bloomberg | January 13, 2020, 15:47 IST
Mattress startup files for IPO as losses grow
The company’s marketing strategy includes use of influencers to tout its products online. It cites relying on them as a risk that “may materially and adversely affect our reputation or subject us to fines or other penalties”. Bloomberg | January 13, 2020, 15:47 IST
Amazon’s Bengaluru office to expand, dwarf Hyderabad
E-commerce behemoth Amazon is set to lease a huge office space as part of its massive expansion plan of Bengaluru operations, dwarfing its presence in Hyderabad. Amazon is scouting for land parcels of about 2 million sqft in North Bengaluru with potential to double it in the future, people familiar with the matter said. It […]