Ola’s hyperlocal grocery delivery service, Ola Store, which operates in Bengaluru, Hyderabad, and Gurgaon is likely to shut down its operations in less than a month, citing lack of synergy, a person familiar with the…
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European Arrests Target ‘Darknet’ Selling Drugs, Arms, Fake ID
Police in seven European countries raided operators of “darknet” online platforms trading in weapons, illegal drugs, fake IDs and counterfeit money, arresting nine suspects, German authorities said Monday. The operation last week targeted 69 homes…
Supreme Court Queries Centre on Measures to Ban Child Pornography Sites
The Supreme Court Friday asked the Centre to suggest ways to ban child pornography in all forms in the country saying that the nation cannot “afford to carry on any experiment” in the name of…
EU Privacy Watchdogs Raise Concerns Over US Data Pact
European privacy regulators said on Wednesday a new commercial data transfer pact between the European Union and the United States needed to provide more reassurance over US surveillance practices and the independence of a new…
Verizon Seen to Bet on Armstrong, M&A Savvy in Yahoo Bid
Verizon Communications Inc is the clear favourite in the upcoming bidding for Yahoo Inc’s core Internet business, according to Wall Street analysts, in large part because the telecommunications company’s efforts to become a force in…
Microsoft Sues US Government Over Data Requests
Microsoft Corp has sued the US government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology…
India Launches E-Trading Platform for Farmers
India launched an electronic trading platform for farm goods on Thursday to improve transparency in wholesale markets and help farmers fetch better prices for their produce. Prime Minister Narendra Modi, inaugurating the platform, said it…
Chennai’s Freshdesk Acquires Social Engagement Tool Airwoot
Chennai-based customer support platform Freshdesk has acquired New Delhi-based Memetic Labs Technologies, the creators the Airwoot SaaS-based helpdesk product to manage customers over social media, for an undisclosed sum. Airwoot will continue as a standalone…
Jabong Says Lower Discounts Helped Narrow Gross Loss in 2015
Online lifestyle retailer Jabong has narrowed down its gross loss to Rs. 46.7 crores for 2015 on the back of lower level of discounts. The gross loss of the company stood at Rs. 159.5 crores…
Cloud Leaders Failed to Capitalise on PaaS Growth in 2015: Gartner
Even though there was a rapid growth in the platform as a service (PaaS) segment globally, leading companies in the cloud business failed to capitalise on this, a report from global research firm Gartner said…
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