Spooked by Netflix’s upcoming web series titled ‘Bad Boy Billionaires‘ featuring Vijay Mallya, Subrata Roy, Harshad Mehta and his nephew Nirav Modi, Mehul Choksi on Wednesday petitioned the Delhi High Court seeking directions to show him the series featuring him before release. Adjourning the matter to Friday, the High Court asked counsel for Netflix to […]
In Hyderabad, Amazon builds its largest office yet. But not everyone is happy
By Geneva AbdulThe austere building is hardly distinguishable in the landscape of glass and concrete buildings making up Asia’s Silicon Valley, as Hyderabad, India, is known. It is one of Amazon’s latest developments, the online retailer’s largest office building in the world. With plans to cement its place as the center of gravity around which […]
In Hyderabad, Amazon builds its largest office yet. But not everyone is happy
By Geneva AbdulThe austere building is hardly distinguishable in the landscape of glass and concrete buildings making up Asia’s Silicon Valley, as Hyderabad, India, is known. It is one of Amazon’s latest developments, the online retailer’s largest office building in the world. With plans to cement its place as the center of gravity around which […]
JobKeeper Extension Bill
If your business has been impacted by COVID and deferred lodgements or payments, now is the time to re-engage with the ATO. Even if your business is still feeling the impact of COVID, the ATO is looking to re-engage to work out the next step. It may be that a further deferral needs be put […]
Lenskart to invest Rs 380cr in 2nd plant, sales go past Titan Eyeplus
Lenskart closed the financial year ending March 2020 with total sales doubling to over Rs 1,000 crore, taking a major lead over the sales of Titan’s eyewear business, which grew at 6% to Rs 544 crore during the same period. Sales of the SoftBank-backed unicorn (startup valued at over $1 billion) had stood at Rs […]
Facebook News to soon pay Indian publishers for their content
Facing political heat in India, the social networking giant on Tuesday said it will pay news publishers in the country soon via its Facebook News to ensure their content is available in the new product. Facebook News, that was launched in the US last year, will soon arrive in the UK, Germany, France, India and […]
Ant talks of significant influence over Paytm
Chinese tech giant Ant Group reiterated in its initial public offering prospectus that it has “significant influence” over One97 Communications Ltd, which owns Paytm, and holds a 30.33% stake in the Noida-based venture. “Our major associates include One97 Communications Ltd that operates Paytm, our e-wallet partner in India, in which we held a 30.33% equity […]
Alibaba’s Ant Group files for blockbuster Hong Kong, Shanghai dual listing
Image Credit: Ng Han Guan Ant Group, Alibaba‘s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the world’s largest IPO. Ant’s initial public offering would be the […]
Peter Thiel-backed workplace app Asana files for direct listing on NYSE
Workplace appAsana on Monday unveiled plans to list its shares on the New York Stock Exchange through a direct listing, adding to a growing number of tech companies debuting this year. Asana, which was last valued at about $1.5 billion and counts Silicon Valley billionaire Peter Thiel among its largest backers, had confidentially filed to […]
Alibaba has no role in Snapdeal’s governance, ops: Co-founders Kunal Bahl & Rohit Bansal
Chinese e-commerce giant Alibaba holds less than 3% stake in Snapdeal and has no role in its operations or governance, the ecommerce company’s cofounder and CEO Kunal Bahl said. In an exclusive interaction with ET’s Aditi Shrivastava & Alnoor Peermohamed, Bahl said both domestic as well as foreign companies are expected to abide by India’s […]