Jio-Facebook’s platform approach can unlock India’s digital ecosystem and address a large market that may potentially be $2 trillion (around Rs 151 lakh crore) by 2025, across commerce, payments and content, Bernstein said in a report. Customer behaviour will see permanent shifts to higher digital adoption in e-commerce/online grocery, digital payments and digital content from […]

Karnataka on Wednesday announced a ban on online education by schools from pre-nursery to fifth grade responding to opinions shared by child psychiatrists, and educational experts. The decision applies to all schools within Karnataka regardless of their affiliation to central or state boards, Education Minister S Suresh Kumar announced. As for permitting online education from […]

Happy Wednesday! The uncertainty wrought by the Covid-19 pandemic has turned venture capital investors picky about their future bets. VC firms, which invest across stages, are now increasingly focusing on very early-stage companies, more so in specific sectors such as health-tech, Software as a Service and edtech, as they believe these areas will largely remain […]

By Pavel Alpeyev and Takahiko Hyuga SoftBank Group’s Vision Fund is preparing to cut staff by about 15% after reporting record losses for the last fiscal year, according to people familiar with the matter. Rajeev Misra, head of the London-based Vision Fund, expanded the number of planned cuts in recent days to as many as […]

Illustration: Rahul Awasthi Three weeks after restrictions on shipping non-essential goods were reversed, sellers on leading e-commerce marketplaces Flipkart and Amazon continue to curb their product selection compared to the period before the Covid-19 pandemic. The key reasons for this have been acute working capital, labour and raw material shortages, and unpredictable demand. “Our sellers […]

At least five out of 10 urban consumers will continue to cut back on spending as economic recovery and market normalisation are unlikely before March next year, according to a report by Ernst & Young, based on global trends and primary research data. The report was shared exclusively with ET. Most consumers will trade down […]

Twitter is rolling out its ephemeral tweets experiment “Fleets” to India, which allows users to share text, photos, and videos that disappear within 24 hours. These Fleets don’t get retweets, likes or public replies and people can only react to them with direct messages, similar to how Stories on Snapchat or Instagram function. Users will […]

Amazon India is looking to tap into demand for safety equipment, office supplies and more as businesses begin to reopen after almost two months of lockdowns implemented to stop the spread of the Covid-19 pandemic. The company, through its business-to-business (B2B) marketplace, is offering a curated selection of goods that small and medium business would […]

Happy Tuesday! From tracking entry of people inside an elevator to keeping an eye on those who aren’t wearing masks, Indian startups are not letting the Covid-19 crisis go to waste. As offices and malls reopen across the country, many startups have come up with technology-based solutions to handle crowding and maintain physical distancing. Social-distancing […]

Internal documents of defence public sector undertaking BEML (Bharat Earth Movers Limited) have been leaked on marketplaces in the dark web, US-based cybersecurity research firm Cyble said on Tuesday. The actual leak of the documents took place on May 25, it said, suspecting that a hacktivist or a Pakistan-based threat actor called ‘R3dr0x’ has targeted […]