Co-living companies, which have been struggling due to the Covid-19 pandemic, are targeting new segments to keep revenues coming. Despite current occupancies falling in the range of 40-75% for co-living companies and to near zero for student accommodation players, many are also striking deals with distressed property owners to add capacity expecting future demand, albeit […]

Co-living companies, which have been struggling due to the Covid-19 pandemic, are targeting new segments to keep revenues coming. Despite current occupancies falling in the range of 40-75% for co-living companies and to near zero for student accommodation players, many are also striking deals with distressed property owners to add capacity expecting future demand, albeit […]

Short-term home rental company Airbnb is close to confidentially filing paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission later in August, the Wall Street Journal reported on Tuesday. Airbnb is preparing to potentially go public before the end of the year, the report said, citing sources familiar with the […]

ByteDance has frozen hiring and reassigned some senior management roles in India amid people leaving or looking to exit the Chinese company following the ban on its TikTok and Helo apps, according to multiple people familiar with the matter. Some are said to be worried about any stigma that might get attached to working for […]

Illustration: Rahul Awasthi Flipkart posted Rs 2,600-2,700 crore in gross merchandise value (GMV) during its five-day Big Savings Days sale, as the fear of stepping out amid the pandemic led a wider set of first-time and dormant users to buy online, people aware of the matter said. This is the second such sale event organised […]

The influencer marketing industry is in the news again. This time courtesy of rapper-singer Badshah (Aditya Sisodia) who is being investigated by the police for allegedly paying money to get fake followers and likes to promote his music, as uncovered by the Mumbai Mirror, published by the Times Group. Fake followers and fake influencers — […]

Google on Tuesday launched a new feature which allows users in India to create ‘People Cards’, which are like virtual visiting cards, making it easier for them to build an online presence and discover others. The India-first feature, which has been in testing for a couple of years, will allow users to create a virtual […]

Illustration: Rahul Awasthi A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc and Lyft from classifying their drivers as independent contractors rather than employees. The ruling by Judge Ethan Schulman of San Francisco Superior Court is a defeat for the ride-hailing companies, as they defend against a […]

The Reserve Bank of India (RBI) on Thursday announced a slew of measures targeted to boost digital payments, enhance the scope of priority sector lending, and drive innovation in the broader financial ecosystem. Without giving a detailed outlay, the central bank said that it will soon roll out several of these projects targeted primarily to […]

The Delhi government is seeking to partner with private companies including JioMart, BigBasket and Grofers for the home delivery of rations to 1.7 million households in the city. The government of the National Capital Territory has held online meetings with some of the companies and written letters to the others, to check if they were […]