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Tiger Global acquires stake in Bytedance through secondary transactions

TikTok, owned by Bytedance, which competes against Facebook and Google in the online advertising space in India. Bytedance ecosystem achieved Rs 20 crore quarter revenue in the period ending December 2019 and growing in the double digit and the India chief has eyed the growth to reach to atleast 50%. The app now has over 1.5 billion downloads worldwide with India leading the chart with 466.8 million numbers. TikTok’s growth is “largely driven by India as the country has been a fast adopter in 2019. TikTok has a dedicated office in India and is headed by Nikil Gandhi. ...

Nasscom proposes measures to lessen burden on startups due to Coronavires outbreak

The lockdown across the nation to fight threat of Coronavirus has resulted into a suspension of economic activity. India’s IT trade body, Nasscom has asked for urgent remedial measures from the government to lessen the burden of startups. ...

Maruti Suzuki and Hyundai step up to fight against Coronavirus In India

Maruti Suzuki India has claimed that it will help to scale up ventilator production in India while Hyundai Motors is importing diagnostic testing kits as the country's two largest carmakers join the fight against infectious coronavirus....

US Coronavirus cases cross 1 Lakh marks

USA has become the first country in the world to breach unfortunate mark of 1 Lakhs Coronavirus cases. While it took 64 days to reach 50,000 corona cases, it took just 3 days to surpass 1 lakh mark from 50,000. New York has emerged as the United state epicenter of the Coronavirus outbreak....

WhatsApp usage increased to 40% during Covid-19 pandemic: Kantar report

WhatsApp is seeing the highest number of usage with Spain witnessing an increase of 76%. The Covid-19 pandemic has led to one thing - increase in user activity on various apps and services. These span from work collaboration tools, video calling apps and social networking. ...

Without pay of up to 3 days for senior employees: Vistara

The compulsory no pay leave will affect around 1,200 employees in senior grades. The remaining 2,800 employees of the airline such as members of cabin crews and ground handling services will be unaffected....

Telangana CM warns citizens to stay at home or will be forced to shoot at sight

In order to restrict people to stay at their home due to Coronavirus outbreak, Telangana Chief Minister K. Chandrashekhar Rao (KCR) has warned the citizens that he will be forced to call in the army or issue ‘shoot at sight’ orders if people continue to violate the 7 p.m. to 6 a.m. curfew in the state....

PhonePe extends 'work from home' to offline sales, customer service agents

PhonePe has taken the following measures to ensure that their services continue to be fully operational 24*7, while keeping their employees safe and out from harm’s way....

Firm busted for claiming bogus Input Tax Credit of around Rs 281 Crores

In an investigation led by CGST Meerut team has prima facie revealed issuance of GST invoices of Rs. 1,708 crores from a chain fake firms/companies operating from Delhi, Moradabad and Meerut, involving fraudulent ITC of about Rs 281 crores. The fraud amount may exceed on further probe. ...

Xiaomi India to donate N95 masks to govt. hospitals

Manu Kumar Jain, Xiaomi Vice President and India Managing Director has announced of importing lakhs of N95 masks and protective suits to India in the wake of Covid-19 pandemic. Jain has said the company is working with the government authorities to donate these healthcare products. ...