Upping its ante in the online grocery war amid strong demand for essentials, Reliance’s Jiomart has now enabled free delivery for all orders with no minimum value required. This is being seen as a challenging move to corner new users to the service. Initially, JioMart required a minimum order value of Rs 750 for free […]
What the Twitter hack revealed: An election system teeming with risks
By David E Sanger, Nicole Perlroth and Nick Corasaniti Over the past year, government officials have raced to help states replace voting machines that leave no paper trail, and to harden vulnerable online voter registration systems that many fear Russia, or others, could hijack to trigger chaos on Election Day. But this week, the country […]
Twitter says about 130 accounts were targeted in cyber attack this week
Twitter disclosed late on Thursday that hackers targeted about 130 accounts during the cyber attack this week, an incident in which profiles of many prominent personalities and organizations were compromised. Hackers had accessed Twitter’s internal systems to hijack some of the platform’s top voices including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, […]
Curefit cuts more jobs, furloughs staff as business suffers amid lockdown
Health and fitness startup Curefit has undertaken a second round of layoffs and furloughs, impacting hundreds of employees, two months after it laid off over 700 workers, according to people directly aware of the matter. The downsizing comes at a time when the company anticipates its operations to take more than a year to recover […]
NPCI raises scope and limit of debit transactions on NACH platform
Bank customers can soon automate the payment of their credit card bills, insurance premiums, loan instalments and all such transactions of recurring nature up to an increased limit of Rs 10 lakh. The National Payment Corp of India (NPCI) has enhanced the limit for giving e-mandate on debit card and net banking transactions through their […]
Ready-to-cook food sales rise as India stays back home
Illustration: Rahul Awasthi The ready-to-cook foods segment is seeing accelerated growth as the stay-at-home advisory gives people a chance to broaden their culinary engagement and bring home the joy of dining out. In the three months to end-June, fresh packaged food brand iD Fresh Food has seen paratha sales rise by 60% compared with the […]
ETtech Top 5: Vedantu’s $100M financing, Twitter’s biggest hack & more
Investors are turning more bullish on India’s online education sector, that is witnessing stupendous growth amid the pandemic Meanwhile, Twitter suffered its biggest security breach in the company’s history as hackers got access to some of the most popular accounts on the platform Vedantu‘s $100 million fundraising Education technology firm Vedantu has raised $100 million […]
Communication collapse: Inside Facebook’s tussle with Brazil’s central bank
Allowing millions of Brazilian users of Facebook‘s WhatsApp to send money as easily as texts seemed a golden opportunity for the world’s largest social media company. The ubiquitous messaging service was finally entering the financial services arena with a payment service in Latin America’s largest economy, after years of questions over how Facebook would make […]
Online sellers’ lobby tells Club Factory to clear all pending dues
Illustration: Rahul Awasthi The All India Online Vendor Association (AIOVA), a body representing over 2,000 sellers on various online platforms, has issued a legal notice to Chinese ecommerce firm Club Factory to settle all pending dues within 48 hours, failing which it would initiate legal action against the company. This comes two days after Club […]
Reliance’s Jio TV+ eyes huge disruption in video streaming space with its unified interface
Reliance Jio on Wednesday announced a new content curation platform, Jio TV+ that could potentially alter the content distribution market in the country similar to the way the company disrupted the telecom market. The app will come with a unified interface for all Jio set-top box users and offer a single log-in for 12 video […]