Illustration: Rahul Awasthi India’s online pharmacy space is expected to see a wave of consolidation, triggered by Reliance Industries’ reported acquisition of Chennai-based Netmeds, with global investors also lining up to back the winners in the fast-growing sector. Reliance’s yet-to-be announced acquisition of Netmeds for an estimated $120 million is a catalyst for other players […]
Archives for August 2020
Trump says he does not mind if Microsoft buys TikTok
U.S. President Donald Trump said on Monday he does not mind if Microsoft buys the Chinese-owned short-video app TikTok, but any purchase by an American company would have to be done by a Sept. 15 deadline. The Republican president, who last week threatened to ban TikTok over national security concerns, said he had a great […]
ICICI, Yes Bank ask BharatPe to stop taking deposits in their names
Private lenders ICICI Bank and Yes Bank have asked homegrown payments startup BharatPe to stop using their names to collect deposits from merchants under its ‘interest income’ feature amid tightening scrutiny by the Reserve Bank of India in regulating the country’s burgeoning digital payments ecosystem. The ‘deposit’ feature on BharatPe application, which went live in […]
ETtech Top 5: Microsoft eyes TikTok US, Tribe Capital’s India plans & more
Microsoft has confirmed that it is in talks with China’s ByteDance to acquire the US arm of its popular short-video app TikTok. Meanwhile, Silicon Valley-based Tribe Capital, which was founded by former executives of Chamath Palihapitiya’s buzzy venture capital fund Social Capital, will look at India actively as one their key markets outside of the […]
HR recruiters are putting blockchain to work
<!– –> Share this post: Japan’s human resources (HR) industry is undergoing a transformation. Lifetime employment is no longer guaranteed. Promotion by seniority has started to collapse. And the job market is becoming ever more borderless. That’s why Japanese firms are exploring new work styles closer to global ones. In particular, many employers now allow […]
Can the IoT Benefit from Blockchain Technology?
By Marc Kavinsky, Editor at IoT Business News. There are two technologies we’ve heard discussed a lot in recent years, blockchain technology and the Internet of Things. Both have been promising to revolutionise the way we live, making the world more convenient, safer and more decentralised. The Internet of Things has been rolled out to […]
Microsoft won’t reopen its offices until January 2021
Microsoft has confirmed that it won’t fully reopen its offices until January 2021. The company, which first began to allow employees to work from home in March in light of the coronavirus pandemic, told The Verge that employees won’t return to its US offices until 19 January 2021 at the earliest. It’s currently planning a six-stage phased “hybrid” […]
Flipkart may consolidate Walmart’s wholesale ops
E-commerce giant Flipkart, which recently took over its US parent Walmart’s wholesale business in India, is exploring ways to consolidate its operations and this could include shutting down unviable “Best Price” stores or turning some of them into full-fledged warehouses with a greater focus on their e-commerce operations, sources said. The Bengaluru-headquartered company, in which […]
ET Explains: Making internet majors pay for news content they make money from
The problem? Two US Internet giants — Google, and Facebook — are major distributors for news publishers. They ferry more than 80% of external traffic to various sites, according to Parse.ly, web analytics for online publishers. Earlier, media companies controlled how their publications reached the public and collected all the ad income they generated. News […]
Record volumes as digital payments thrive in time of pandemic
Several popular digital channels operated by the National Payments Corp of India (NPCI) reported their highest monthly transactions in July, an indication that the Covid-19 pandemic has led to accelerated adoption of digital payments among Indians. The Unified Payments Interface (UPI), Immediate Payment Service (IMPS) and the Bharat Bharat Bill Payment System (BBPS) have reported […]