Alibaba Group co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed. The divestment comes as Ma retired as the Chinese e-commerce company’s executive chairman in September and pulled […]

Google India on Monday announced a partnership with the Central Board of Secondary Education (CBSE) at the sixth edition of Google for India. “We will train over 1 million teachers across 22,000 schools by the end of 2020 to deliver blended education,” said Sapna Chadha, Senior Country Marketing Director, Southeast Asia and India, Google. In […]

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the world’s fifth-largest economy that is emerging as a battleground for global internet giants. Alphabet Inc-owned Google’s outlay for India — nearly double the $5.7 billion investment made by […]

By Gearoid Reidy, Min Jeong Lee and Takahiko Hyuga SoftBank Group founder Masayoshi Son has delivered a clear response to critics who thought the twin disasters of WeWork and the coronavirus would bring down his empire: not just yet. The Japanese technology giant’s shares have more than doubled from their March low, propelled by buybacks […]

The government may have to pay a ‘fair, reasonable, and non-discriminatory’ remuneration for certain non-personal data that it requests from companies, a panel that is looking into the regulation of anonymized data has suggested. The draft was released for public consultation on Sunday. Last year, the government’s decision to form the committee, headed by Infosys […]

India’s top digital payment companies are courting some of the largest restaurant chains in the country to grab a pie of the rapidly digitising dining industry, which has been ravaged by the Covid-19 pandemic. Paytm, Google Pay and PhonePe are upgrading their app interfaces to smoothen in-app order flows for restaurants onboarded on their platforms. […]

Commerce and industry minister Piyush Goyal on Saturday asked the entertainment industry to self-regulate their programmes on over-the-top (OTT) platforms as many of them portray India poorly. “I support creative expression (but) there is a lot of misinformation there and poor portrayal of India and Indian society,” Goyal said at the Ficci Frames e-event. His […]

Facebook is considering imposing a ban on political ads on its social network in the days leading up to the Nov. 3 elections in the United States, Bloomberg News reported on Friday, citing people familiar with the company’s thinking. The potential ban is only being discussed and has not been finalized, the report added. A […]

In a first, the Supreme Court on Friday agreed in principle that serving notices and summons to people, integral to judicial processes, through instant messaging services like WhatsApp and Telegram, in addition to emails, would be legally valid. This will be a significant boost to designated messaging services, already widely used informally for official work […]

Food ordering app Zomato revealed its financials for the year ended March 2020, besides offering a glimpse of how Covid-19 pandemic has impacted its business. Meanwhile, thirst traps, a new Internet trend, is gaining traction among Gen Z Indian women. Zomato’s FY20 performance Zomato said that its revenue had more than doubled to $394 million […]