As TikTok‘s return remains unclear, top creators are moving to rival short-video platforms that have cropped up in the past few months. Meanwhile, Walmart-owned Flipkart has lost one of its long-term executive ahead of the crucial festive season sale. Illustration: Rahul Awasthi TikTokers & exclusivity With no respite in sight for TikTok nearly two months […]

By Saritha RaiAmazon has begun making forays into everything from grocery delivery and insurance to drugs in India, setting up a monumental clash with Mukesh Ambani’s hard-charging Jio Platforms. The U.S. giant is fanning out at a pace not seen elsewhere in the world. Amazon is now delivering prescription and over-the-counter medicines and herbal remedies […]

India’s new-age startups are taking over sponsorship rights for key cricket tournaments amid growing anti-China sentiment. Meanwhile, retail giant Walmart clocked its biggest-ever online sales growth in the pandemic-hit quarter. Rahul Awasthi Dream11‘s IPL sponsorship win Fantasy gaming platform Dream11 has outbid edtech firms Byju’s and Unacademy to secure the title sponsorship of IPL 2020 […]

The government is looking at ways to promoteGeographical Indications, or GI products, on e-commerce platforms and in modern trade stores, in a bid to boost locally made products as part of its ‘Make in India’ and ‘Aatmanirbhar Bharat’ schemes. The Department for Promotion of Industry and Internal Trade (DPIIT) has called for a virtual meeting […]

The Reserve Bank of India has opened the application window for companies wishing to set up an umbrella entity for owning and operating a pan-India payments body with powers similar to the National Payments Corporation of India (NPCI). The proposed entity, unlike NPCI, can be a for-profit entity as well with diversified shareholding with no […]

The Reserve Bank of India has released the draft guidelines for the proposed Self-Regulatory Organization (SRO) responsible for setting and enforcing internal rules for the participants in India’s burgeoning digital payment ecosystem. The proposed SRO will be expected to act as a two-way communication channel between the payments industry and the central bank. It shall […]

Walmart posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes amid the Covid-19 pandemic. Shares of the company rose 6% as the near-doubling of online sales in the second quarter helped it trounce Wall Street expectations for […]

Flipkart has partnered with the Indian Institute of Technology (IIT) Patna to jointly conduct research into Neural Machine Translation, a technology that can be used in translating text from English to regional Indian languages, as the Walmart-owned company makes a big push into tier II and tier III markets. Neural Machine Translation is an approach […]

On Friday, a Wall Street Journal report revealed how Facebook’s Ankhi Das, its powerful director of public policy for India, South Asia and Central Asia allegedly “opposed applying hate speech rules” against a controversial Telangana politician belonging to the ruling Bharatiya Janata Party (BJP) — T Raja Singh and “at least three other” figures associated […]

Ten roads in Bengaluru’s Central Business District (CBD) will offer technology-enabled paid parking services in about a week. The Bruhat Bengaluru Mahanagara Palike (BBMP) is introducing the new system in public-private partnership mode. It is expected to earn Rs 30.5 crore annually from Central Parking Services (CPS), the Bengaluru-based firm that has bagged the contract. […]