Archives for February 2019

US cable major Comcast, which owns NBC Universal, Atairos, a $4-billion investment company led by former Comcast CFO Michael Angelakis, and Sony Corp have been shortlisted for talks that could lead to the purchase of a substantial stake in Zee Entertainment, multiple people aware of the situation said. They are competing with technology giant Apple […]

It’s that time of the year when movie fans around the world get glued to their TVs sucking in everything the Oscars have come to represent over the years: the nominees and the snubs, celebrities, designer outfits, rumors of impending breakups or newcomers making the waves, and oh yes, also some of the best movies […]

Global fintech major PayU is in advanced discussions to invest $100-$150 million in Bengaluru-based CapFloat Financial Services, which owns and operates digital lending platform Capital Float, as the Naspers-owned company looks to expand its reach in India’s small and medium business lending segment. PayU, according to four people aware of the negotiations, is seeking to […]

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A scathing British parliamentary report on Monday branded Facebook “digital gangsters” who failed to fight the spread of fake news and violated data privacy. Lawmakers’ 18-month investigation into technology companies and disinformation also accused the world’s largest social media platform of trying to hide the extent of Russian interference in foreign elections. Facebook is coming […]

The transport department has written to app-based ridehailing service Ola to stop its bike taxi services immediately. The company has been running the services in Bengaluru on a pilot basis for a week. The strongly-worded letter comes days after Ola, TaxiForSure and Uber (OTU) Owners and Drivers Association petitioned the department to take action against […]

The parliamentary standing committee on information technology is expected to summon Facebook and WhatsApp as part of its discussions over safeguarding citizen rights on social media, people with direct knowledge of the matter said. They are likely to be called in March, as the panel first wants to complete its postponed meeting with Twitter, they […]

India’s first listed e-commerce entity, Infibeam Avenues is doubling down on its fintech play with an investment of Rs 250 crore to build a backend blockchain enabled fintech platform catering to BFSIs, SMBs, and corporates. The move is in line with the company’s continued focus to divest its non-core businesses including consumer marketplace (B2C) and […]

Image Credit: Getty Amazon, which had quietly launched its own range of home-cleaning products under Presto! in India last year, has been significantly undercutting the prices of best-selling brands in the category such as Harpic, Lizol and Pril, to name a few. The drive to grow its private-label business in the FMCG category comes even […]