By Saritha Rai Amazon will kick off its first Prime Day since the coronavirus outbreak later this week in India, modifying almost everything about the retail bonanza to navigate the realities of a new era. Prime Day will have the customary deep discounts, hundreds of exclusive products, new launches and cashback offers. But in a […]

Illustration: Rahul Awasthi Even as more Indians take to digital modes of payments during the pandemic, central government data reveals stark differences in the rate of adoption across states. While Andhra Pradesh, Haryana, Uttar Pradesh and Maharashtra recorded the highest number of transactions per person, the laggards include Chhattisgarh, Jammu & Kashmir as well as […]

Facebook rolled out its own version of social media rival TikTok in the United States and more than 50 other countries on Wednesday, embedding a new short-form video service called Reels as a feature within its popular Instagram app. The debut comes days after Microsoft said it was in talks to acquire TikTok’s U.S. operations […]

Disney is making a big bet on direct-to-consumer services for its future growth as the company’s other businesses were hit hard by the Covid-19 pandemic. Meanwhile, Amazon and Flipkart will launch sale events to help sellers ahead of the crucial festive season. Disney+ Hotstar growth Disney+ Hotstar had clocked around 8.63 million subscribers in India […]

Disney-owned video streaming service Disney+ Hotstar had about 8.63 million subscribers in India for the quarter ended June, accounting for 15% of the company’s flagship streaming service’s user base which stood at 57.3 million for the quarter. This translates to an estimated 625,000 new subscriber additions in the April-June period in the country. Disney+, which […]

Illustration: Rahul Awasthi India’s top online marketplaces, Amazon and Walmart-owned Flipkart, are launching promotional events, beginning August 6, aimed at helping sellers liquidate old inventory and free up working capital ahead of mega festival sales, according to company executives. Amazon’s two-day sale will be its first large promotional event since the easing of the lockdown. […]

Microsoft-TikTok talks have entered unchartered territory with an unusual demand from the US President Donald Trump. After seeing this TikTok deal play out, I will never again say “ok that’s not realistic” after an episode of Billions. — Aaron Levie (@levie) 1596486096000 Meanwhile, India’s online pharmacy space is set to see a wave of consolidation […]

Booking Holding, the U.S.-based company that owns travel website Booking.com, intends to reduce its 17,000 work force by 25% as a result of business lost during the coronavirus pandemic, it said on Tuesday. A company spokeswoman confirmed a report in Dutch newspaper NRC Handelsblad that had cited an internal video sent to staff by chief […]

The U.S. Federal Trade Commission is probing Twitter for alleged violations of a law that prevents the social network from using personal data provided for security purposes to target ads, the company disclosed on Monday. In a regulatory filing, Twitter said it received a draft FTC complaint alleging violations between 2013 and 2019. Twitter said […]

Avenue Supermarts, which runs the DMart retail chain, saw its online sales more than double during FY20 to Rs 354 crore despite operating only in Mumbai. The country’s most valuable retailer by market capitalisation, however, widened its net loss by 57% to Rs 80 crore in the four-year-old e-commerce subsidiary – Avenue E-Commerce. A year […]