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Well soon meet in your inbox. Please wait... Through three programmes, the company is looking to grow its merchant base, bringing offline stores online and also partnering with entrepreneurs to open omnichannel retail stores. “The team at Grofers is in a unique position to not only help local businesses adapt to the current situation but also be ready for a future which is going to be online and technology-led,” Albinder Dhindsa, founder and CEO of Grofers, said in an email. Each of these p...

Well soon meet in your inbox. Please wait... The cost and speed of business recovery is of paramount interest to investors, and Uber executives on Wednesday said the take rate, the share Uber takes in fees from each ride, would drop from the previous quarter to a 20% range. Taking a lower cut will allow Uber drivers to earn more, but weigh on Ubers second-quarter mobility revenue and profitability. Atlantic Equities analyst James Cordwell said shares fell after hours because of the pressure o...

Booking warned that it would take years for a full recovery in international travel, as governments may be cautious in opening borders for tourists.

Well soon meet in your inbox. Please wait... The single judge on April 22 had said though it would have been "prudent" for the CCI to await the outcome of petitions in the Supreme Court and the Delhi High Court against WhatsApps new privacy policy, not doing so would not make the regulators order "perverse" or "wanting of jurisdiction". The court had said it saw no merit in the petitions of Facebook and WhatsApp to interdict the investigation directed by the CCI. The CCI had contended before th...

Synopsis Uber CFO Nelson Chai said the growth in the US and other international markets would offset the headwinds being faced in India and Brazil. ETtech Illustration: Rahul Awasthi US ride-hailing leader Uber Inc said on Wednesday that its business in India has been adversely affected by the second Covid-19 wave which has triggered renewed lockdown-like restrictions across the country. Uber chief executive Dara Khosrowshahi said during the San Francisco-based company’s first quarter earning...

Oversight Board upholds Donald Trumps suspension from Facebook and Instagram SECTIONS Share Synopsis Board says Facebook failed to impose a proper penalty, devised indefinite suspension not included in cos content policies Agencies Former US President Donald Trump Social media giant Facebooks Oversight Board has upheld Facebook’s January 7 decision to suspend former US president Donald Trump from Facebook and Instagram. Announcing its decision on Wednesday, the board said Trump’s posts sev...

May 05 2021, 10:10 AM May 04 2021, 7:37 PM May 05 2021, 10:10 AM (Bloomberg) -- (Bloomberg) -- Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging more than 50% again and crashing Robinhood’s trading app. Other so-called altcoins also took off, with Dash spiking 35% over a 24-hour period through midday in Asia Wednesday and Ethereum Classic rising almost 50%. In the world of DeFi, tokens such as Force DAO and Tierion surged more than 1,...

Well soon meet in your inbox. Please wait... The Bengaluru-based startup enables teachers to digitise their classrooms. It claims to have over 7,00,000 teachers on its platform. "This is Teachmint’s third round of investments within 10 months of its launch in May 2020, making it the fastest edtech startup in India to raise more than $20 million in capital,” it said in a press statement. Learn Capital is a San Francisco Bay Area-headquartered venture capital firm which made early investments...

Well soon meet in your inbox. Please wait... WhatsApp told the bench that private conversations of individuals are protected by end to end encryption. The petitioner, Harsha Gupta, urged the court for some interim orders as WhatsApp intends to bring its policy into effect from May 15. In view of the same, the court listed the matter for hearing on May 13. Read More News on

Well soon meet in your inbox. Please wait... On Tuesday, Nischal Shetty, the chief executive of cryptocurrency exchange Wazirx, took to Twitter to express concern over banks refusing crypto transactions. They were citing a 2018 RBI ban on banks dealing in crypto, which the Supreme Court had struck down in 2020, he said. Day 915Confusion in India’s banking industry is hurting 1.5 CRORE Indians in Crypto.The Honourable Supreme Cour… https://t.co/OUzdWlevzW— Nischal (WazirX) ⚡️ (@Nischal...