Big Tech firms are raking in significant profits due to the surge in demand for their products and services amid the Covid-19 pandemic. This comes just a day after chief executives of these companies faced intense questioning in the nearly six-hour-long US Congressional antitrust hearing over their business practices and market dominance. Amazon‘s record profit […]

Google will offer new tools to provide users with more information about the ads that they see, continuing with recent efforts to become more transparent and increase privacy choices. The additional controls are meant to increase transparency around how digital advertising works, the Mountain View-headquartered search and internet leader said. Along with its existing feature […]

Amazon has reiterated its focus on digitising micro, small and medium-sized businesses in India and said it was launching new features to support these efforts. This comes at a time when large players such as Reliance Industries’ JioMart and Walmart-owned e-commerce company Flipkart are also stepping up on onboarding neighbourhood stores to build more hyperlocal […]

Apple on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home during the Covid-19 pandemic turned to its products and services. The report topped Wall Street expectations, with even long-overshadowed categories like iPads and Macs getting a boost. Shares rose as much […]

Google‘s ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company. Alphabet shares were barely changed at $1,552, above their pre-pandemic high, after it said revenue fell 2% in the second quarter, […]

Facebook beat analysts’ estimates for quarterly revenue on Thursday and forecast similar growth ahead, as businesses tapped its digital ads tools despite an unprecedented boycott and the economic upheaval of the coronavirus pandemic. Facebook shares jumped 7% in extended trading after the world’s biggest social network posted revenue growth of 11%, its slowest ever but […]

Amazon on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade. While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175,000 people […]

The chief executives of four of the world’s largest tech companies, Amazon, Facebook, Apple and Alphabet‘s Google, plan to argue in a congressional hearing on antitrust on Wednesday that they face intense competition from each other and from other rivals. The testimony from Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai and Apple’s Tim […]

Illustration: Rahul Awasthi India’s new consumer protection rules for e-commerce platforms apply also to online services such as cab hailing, online ticketing and video streaming services, not just sellers of products online. According to the Consumer Protection (E-commerce) Rules, 2020, which was notified by the Department of Consumer Affairs on July 23, it applies to […]

Illustration: Rahul Awasthi Customers ordering food online are spending about 25-30% more per takeaway, even as overall volumes continue to recover, touching about half of pre-Covid-19 numbers, according to food delivery platforms, restaurants and analysts. The recovery in order volumes, coupled with increase in order value, has led to overall sales bouncing back by 60-65%, […]