With Facebook‘s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that incubated it. But he also dashed a Silicon Valley dream: that tech workers would be able to take their generous salaries with them as they flee the Bay Area’s crushing […]

Alibaba Group on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns. As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to 93.87 billion yuan ($13.16 billion) in the […]

Happy Friday! Jio Platforms is on a deal-making spree. The holding company of India’s largest telecom operator—Reliance Jio Infocomm—struck its fifth deal in a month. Private equity firm KKR will invest Rs 11,367 crore in the company for a 2.32% stake. This follows the investments made by social media giant Facebook, private equity funds Silver […]

Personal data of around 3.5 million Zoomcar users has been up for sale on what is known as the Dark Web since Thursday, according to a cybersecurity consultant. Dark Web refers to that area of cyberspace where content cannot be searched using normal search engines because it is encrypted. The data includes names, email ids, […]

Massive unemployment has started hitting urban India. For many sectors, the worst is yet to come. Thousands of young Indians are losing jobs, most with minimal notice, in a country without a formal safety net. Tech, ed-tech and banking/finance are the few bright spots. Here’s the data that frames this economic and social crisis. (Graphics […]

Facebook will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley. Zuckerberg said the world’s largest social network would start “aggressively opening up remote hiring” in July, expecting that about half its workforce would eventually […]

Kids clothing saw a huge jump in sales at both physical and online stores over the past ten days, as parents scrambled to replace wardrobe for infants and toddlers who outgrew their garments during nearly two months of lockdown. Companies including Arvind Fashions, Flipkart, Amazon, Madura Fashion & Lifestyle, Puma, Myntra, Bestseller India and Snapdeal […]

Private equity firm KKR is set to invest Rs 11,367 crore in Jio Platforms for a 2.32% stake. This will be the fifth investment in the Reliance Industries Ltd (RIL) business in rapid succession, following those by social media major Facebook, private equity funds Silver Lake, Vista Equity Partners and General Atlantic. Analysts expect more […]

Facebook said on Thursday it is launching a new safety feature that will lock user profiles and restrict ‘non-friends’ from accessing their photos, timelines and posts (both old and new) in a single click. Facebook said the new feature is designed for people in India, especially women, who want more control over their Facebook experience. […]

Illustration: Rahul Awasthi India’s online grocery market could top $3 billion in sales this year, a 76% increase over last year, as the spike in demand for home delivery of fresh produce and staples seen during the nationwide lockdown is expected to sustain through the rest of the year, analysts and industry executives said. The […]