By Pavel Alpeyev, Giles Turner and Sarah McBride SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has […]

By Pavel Alpeyev, Giles Turner and Sarah McBride SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has […]

Robinhood faces a probe by the U.S. Securities and Exchange Commission over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders, the Wall Street Journal reported on Wednesday. The investigation is at an advanced stage and the company could pay a fine exceeding $10 million, the report added, citing […]

Robinhood faces a probe by the U.S. Securities and Exchange Commission over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders, the Wall Street Journal reported on Wednesday. The investigation is at an advanced stage and the company could pay a fine exceeding $10 million, the report added, citing […]

Under pressure for weeks over its handling of hate speech, Facebook on Thursday banned BJP politician T Raja Singh from its platform and Instagram for violating its policy around content promoting violence and hate. “We have banned Raja Singh from Facebook for violating our policy prohibiting those that promote or engage in violence and hate […]

Under pressure for weeks over its handling of hate speech, Facebook on Thursday banned BJP politician T Raja Singh from its platform and Instagram for violating its policy around content promoting violence and hate. “We have banned Raja Singh from Facebook for violating our policy prohibiting those that promote or engage in violence and hate […]

Food delivery app Zomato has raised Rs 456 crore (about $62 million) from Singapore’s state-owned investment arm Temasek Holdings, regulatory filings sourced from business intelligence platform Tofler show. The transaction was made from MacRitchie Investments, a unit of Temasek and an existing investor in Zomato. The food ordering and restaurant discovery platform is valued at […]

Food delivery app Zomato has raised Rs 456 crore (about $62 million) from Singapore’s state-owned investment arm Temasek Holdings, regulatory filings sourced from business intelligence platform Tofler show. The transaction was made from MacRitchie Investments, a unit of Temasek and an existing investor in Zomato. The food ordering and restaurant discovery platform is valued at […]

There is a full-blown fight among India’s leading digital payments firms over which is a more “Indian” product, with the matter now reaching the RBI. BharatPe, a merchant payments startup, has been distributing flyers and pamphlets showing Paytm with Chinese flags and PhonePe with US flags, implying it’s the only ‘Bharatiya’ or ‘Indian’ company. There […]

A team of Facebook representatives on Wednesday claimed the social media platform is neutral towards all political parties when it deposed before the parliamentary standing committee on information technology for allegedly allowing display of hate content on its site. The Shashi Tharoor-led panel questioned the Facebook team, led by its India head Ajith Mohan, for […]