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We'll 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 platforms is trying to woo merchants by promising them ecosystem benefits and technology to make the...

We'll 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 Uber's second-quarter mobility revenue and profitability. Atlantic Equities analyst James Cordwell said shares fell after hours because of the pressure on the take rate and implicit driver incentives. The food-delivery business continued to grow in t...

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

We'll 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 WhatsApp's new privacy policy, not doing so would not make the regulator's 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 the single judge that it was not examining the alleged violation of individuals' privacy which was ...

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 earnings call that, “extremely elevated case count and renewed lockdowns in India adversely impacted Mobi...