The world’s largest retailer Walmart on Wednesday sought an “industry” status to India’s retail sector which has a potential to create 5.60 crore jobs by 2020.
Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with direct knowledge of the matter said.
Digital transformation in the country is expected to contribute about USD 154 billion to India’s GDP by 2021, tech giant Microsoft said on Wednesday.
GoDaddy India, part of the global cloud platform offering domain names to small and medium enterprises, on Tuesday announced that it has surpassed one million customers in India.
Tech giant Google has launched its voice-activated speakers ‘Home’ in the Indian market as it looks to take on rival’s devices like Amazon Echo.
Wipro, the third largest IT services company in the country, said its profitability may be impacted by 65-75 basis points during the fourth quarter as one of its telecom clients is undergoing insolvency proceedings.
Facebook CEO Mark Zuckerberg today said his organisation was committed to ensuring the integrity of elections across the world, including India, as he testified before the US Congress amid a firestorm over the alleged hijacking of data of millions of Facebook users by British firm Cambridge Analytica.
Mark Zuckerberg has apologised to the US Congress and taken personal responsibility for the Cambridge Analytica scandal for “not doing enough” to protect Facebook’s 87 million users’ private data from being misused and manipulated.
Social media giant Facebook will on Monday start alerting the 87 million users, including the 5,62,455 in India, whose data may have been compromised as the UK-based Cambridge Analytica pilfered them through an app.
The possible coming together of online retailers Amazon and Flipkart is likely to face close scrutiny on competition issues, as the combined entity will be a dominant player in the fast-growing Indian ecommerce market, according to experts.