US tech and retail giants are pouring gobs of capital into India’s digital economy, call it the Reliance Jio effect. E-commerce major Flipkart has landed new funds while Google is eyeing a stake in Reliance Industries’ digital arm Jio Platforms. Flipkart’s new financing Flipkart Group has closed a $1.2 billion financing from Walmart-led investors to […]

Illustration: Rahul Awasthi E-commerce marketplace for fashion and accessories Club Factory has suspended its operations in India, a fortnight after the government banned it along with 58 other apps of Chinese origin over privacy and security concerns. Club Factory has ‘temporarily suspended’ its operations in India and put all payment settlements with sellers ‘on hold’ […]

Walmart Inc has led a $1.2 billion investment in Flipkart Group, valuing the company at $24.9 billion, about 19% higher than when it sold a majority stake to the US retail behemoth. A group of existing shareholders also participated in the round, Walmart said in a statement, adding that the investment would be funded in […]

Amazon has a new cure for long supermarket lines: a smart shopping cart. The cart, which Amazon unveiled on Tuesday, uses cameras, sensors and a scale to automatically detect what shoppers drop in. It keeps a tally and then charges their Amazon account when they leave the store. No cashier is needed. It’s the latest […]

Google is in advanced talks to buy a stake in Reliance Industries’ telecom and digital unit Jio Platforms, people aware of the discussions said. If a deal is finalised, this would be a rare instance of two FANG — Facebook, Apple, Netflix, Google — companies investing in one firm, they said. Facebook had kicked off […]

At 48, Sundar Pichai is amongst the world’s youngest technology titans and also one of the highest paid. The India-born CEO of Alphabet Inc (with a market cap of $1.5 trillion) is now setting his sights on expanding Google’s footprint in the world’s fifth largest economy. In an exclusive interview with ET’s Surabhi Agarwal & […]

Blue-collar job openings saw an uptick in sectors like ecommerce and logistics, according to HR consultancies which expect a further spike to come about as companies prepare to cater to the festive season demand. The vacant positions are mostly across roles in warehouse management, packaging, sorting, security and delivery, among others. Staffing firm Teamlease said […]

Illustration: Rahul Awasthi Karnataka’s decision to permit e-commerce companies to ship all goods during a week-long lockdown starting Tuesday evening in capital Bengaluru, has come as a relief, said industry executives, as it takes the sting out of restrictions they face in other large markets such as Pune, Chennai and parts of Kolkata where only […]

SiriusXM said on Monday it will buy E.W. Scripps Co’s podcast business, Stitcher, for up to $325 million, as the U.S. satellite radio company pushes further into the podcast space. Stitcher streams popular podcasts such as “Freakonomics Radio”, “Conan O’Brien Needs a Friend” and “My Favorite Murder” and will help SiriusXM better compete with the […]

Google is placing a big bet on India’s digital economy, becoming the latest tech giant to double down on a country perceived as the last major market for untapped growth. Google’s $10 billion fund The search behemoth has announced plans to invest $10 billion in India over the next five to seven years, focusing on […]