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 […]
Clips From Today’s Closing Bell
Josh Brown explains why he chose Netflix as his Last Chance Trade from CNBC. Nasdaq closes at record high after tensions with Iran ease from CNBC.
How watching TV will change in the 2020s
What will watching TV be like in the 2020s? Amid new gadgets and glitz, the CES tech show in Las Vegas aims to offer some answers, many of which boil down to more streaming and more efforts to glue you to your phone. The show’s keynote addresses, once dominated by computer and chip makers, will […]
Ratan Tata fights to save legacy after Cyrus Mistry court ruling
By P R Sanjai and Upmanyu Trivedi After ousting his protege-turned-foe from the helm of Tata Sons Pvt. in a boardroom coup three years ago, Ratan Tata was looking forward to a partial retirement. Instead, he’s fighting the battle all over again – this time in a court. India’s Supreme Court is expected to hear […]
Amazon and Future Group to cross-leverage each others’ sales channel
Future Group and Amazon have signed a deal where both companies will use each others’ network to sell products from apparel to grocery, helping them cross-leverage both physical stores and online channel to widen distribution. As part of the agreement, Amazon will be an authorized online sales channel for Future Retail while its stores and […]
Baidu CEO makes first India trip as it catches up with Alibaba, Tencent
Robin Li, the founder and chief executive of Chinese search engineBaidu, has made his first ever visit to India, at a time when rival Chinese technology giants Alibaba and ByteDance are making inroads in the country. Li is also seeking collaborations with Indian institutes as his company seeks local expertise in areas such as artificial […]
Ola rejigs commissions to retain drivers
Cab aggregator Ola is adopting standardised driver commissions and moving away from an incentive-driven model to give its drivers better visibility into their earnings in a bid to revive the supply of drivers that has taken a hit over the past year. The ride-hailing company is also making a strong push towards leasing business to […]
How online shopping boom has created a new sector of employment
Key to a great online shopping experience is the final delivery of that box home — on time, always, intact — come rain, hailstorm, blistering summers or the cold wave currently sweeping across most of north India. The experience that starts on a shopping app ends with a delivery agent knocking on the door. Unlike […]
Humans of gig economy: The cultural transformation of the delivery agent
Like all self-respecting youngsters in Guwahati, Pranjit Haloi had exciting plans for the New Year’s Eve. The 20-year-old was going for a gig to the city’s popular Lalmati area. But he wasn’t there to join a throng of some 200 headbangers in the audience. He performed on stage, to applause worthy of the new singing […]
XpressBees secures $10M funding from Alibaba
Logistics startup XpressBees has raised Rs 71.2 crore ($10 million) in fresh funding from existing investor Alibaba, regulatory documents filed by the company showed. This is the latest investment by the Chinese e-commerce firm, whose funding activity in India has slowed sharply in the past one year. Busybees Logistics Solutions, which runs XpressBees, issued 9,317 […]