By proposing to acquire the retail assets of Future Group (and not Future companies), the Mukesh Ambani-led Reliance Industries (RIL) has ensured that rival Amazon does not become its shareholder. Amazon is a significant shareholder (49%) in a Future Group company, which owns about 10% stake in Future Retail, the largest outfit within the group […]
Archives for September 2020
RIL-Future deal to speed up JioMart business
The Reliance Industries-Future Group deal’s impact will go beyond brick-and-mortar retail in India. It will also affect the country’s growing e-commerce economy as RIL’s chairman Mukesh Ambani eyes a bigger play online. The recently announced acquisition will accelerate scaling up of Reliance’s newly launched e-commerce venture JioMart. It will also make it harder for its […]
Officials debate whether India should have its own social media content moderation rules
Officials have begun preliminary discussions on whether India should have its own guidelines on content moderation by internet and social media companies, top officials told ET. The deliberations, especially with regard to moderation of hate speech, have been sparked by the government’s concerns over the arbitrary methods employed by such platforms despite them enjoying the […]
Zoom rides pandemic to another quarter of explosive growth
Zoom‘s videoconferencing service is deepening its integral role in life during the pandemic as tens of thousands more businesses and other users pay for subscriptions to get more control over their virtual meetings. The surge in paying customers enabled Zoom to hail another quarter of explosive growth. The company on Monday reported that its revenue […]