Zomato, which provides food delivery service through the app, has said that it will buy the movie and events ticketing business of digital payments company Paytm for $244.2 million (about Rs 2,049 crore). Zomato plans to expand its ticketing business. This will increase Zomato’s presence in the online ticketing market for movies and live events….
Workers at the South Korean electronics company Samsung’s factory in South India are on strike demanding a salary hike. This is affecting manufacturing at this factory. India is an important market for Samsung. The company has two factories in the country. Sriperumbudur near Chennai in Tamil Nadu Samsung A large number of workers have started…
A trial began in the US on Monday against Internet search engine Google for allegedly suppressing competition in online advertising. In this case, the prosecution says that Google has a huge monopoly on the flow of news and funds on websites. It sells about 1.5 lakh online ads every second. This case is important in…
Social media app Koo is being shut down. This Indian startup was started about four years ago to compete with micro blogging platform Twitter (now called X). It will be shut down after acquisition talks with big internet and media companies failed. Koo was started by Aprameya Radhakrishna and Mayank Bidawatka. It provided services to…
The number of paid users of the business version of OpenAI’s ChatGPT, an artificial intelligence (AI) application, has exceeded 1 million. This is a sign of growing demand from business clients for OpenAI’s chatbots despite increasing competition. OpenAI said that these users include those who signed up for its ChatGPT team and enterprise services. This…
Bharat Sanchar Nigam Limited (BSNL), a government telecom company that has been facing difficulties for the last few years, may get additional funds of Rs 6,000 crore from the central government for 4G network. BSNL and MTNL, which provide telecom services in Delhi and Mumbai, have received funds worth about Rs 3.22 lakh crore from…
The Competition Commission of India (CCI) has recalled the report of the investigation of monopoly in the app market against the American technology and devices company Apple. Apple had complained that its business secrets were disclosed to rivals. After this, CCI has recalled this report. This investigation against Apple was started almost four years ago….
