Representative Image Pine Labs has held initial discussions to buy out the Asian business of beleaguered German payments company Wirecard, according to three people aware of the talks. Wirecard is a German payment and risk management service provider that filed for bankruptcy last month after it was revealed that $2 billion from its balance sheet […]

Illustration: Rahul Awasthi Pine Labs has held initial discussions to buy out the Asian business of beleaguered German payments company Wirecard, according to three people aware of the talks. Wirecard is a German payment and risk management service provider that filed for bankruptcy last month after it was revealed that $2 billion from its balance […]

Intel Capital, the corporate venture capital arm of the semiconductor giant Intel Capital is the latest investor in Jio Platforms. Intel Capital will invest Rs 1,894.50 crore for a 0.39% stake in the Reliance Industries‘s digital business unit at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh […]

Amazon, Flipkart, Facebook, YouTube and other companies that store or mirror Indian users’ data overseas will be subject to periodic audit, according to a draft ecommerce policy that will soon be made public. Ecommerce companies will have to make available any data the government seeks within 72 hours or pay a penalty, according to the […]

The department for promotion of industry and internal trade (DPIIT) has told e-commerce players like Amazon India and Flipkart to start displaying ‘country of origin’ for new listings of products on their platforms, and rectify existing ones “at the earliest possible”. This decision, which comes amid a border conflict with China in Ladakh, intends to […]

Indian traders registered with Chinese e-commerce platform Alibaba have observed an increase in discount offers since last week, which they think could be a policy to counter the ‘ban Chinese products’ campaign in India. Top trade bodies shared this observation at a webinar organised by Confederation of All India Traders (CAIT) on plans of expansion […]

Illustration: Rahul Awasthi Shared mobility companies like Ola and Zoomcar may downsize their fleets, as demand stagnates amid rising cases of Covid-19 infections across the country. These companies have approached leading pre-owned car dealers, such as Mahindra First Choice (MFC) and Maruti True Value, to find prospective buyers for their vehicles, multiple people in the […]

Illustration: Rahul Awasthi Shared mobility companies like Ola and Zoomcar may downsize their fleets, as demand stagnates amid rising cases of Covid-19 infections across the country. These companies have approached leading pre-owned car dealers, such as Mahindra First Choice (MFC) and Maruti True Value, to find prospective buyers for their vehicles, multiple people in the […]

Days after the Indian government banned 59 Chinese apps, they have been booted out from app stores, albeit temporarily. Meanwhile, more companies have stopped advertisements on Facebook over hate speech on the social network. App store ban Apple and Google have temporarily blocked access to 59 Chinese apps through their respective app stores in India, […]

In a freewheeling interview with ET Now, Sameer Nigam, founder and CEO of leading UPI app PhonePe, defends Paytm and its founder Vijay Shekhar Sharma and asks people not to vilify the company that they cheered for five years ago. ET Now (ET): The latest National Payments Corporation of India (NPCI) data showed digital payments […]