EBAY INDIA
Explained: Microsoft's buyout offer to about 60,000 employees
Staff on select teams in the US, Canada, India, and Britain, at the level of vice president and below. Some groups are excluded, including some data centre staff and employees in sales and marketing. Chief people officer Amy Coleman told employees in a memo that the offer is meant to create “greater flexibility” for staff.
Microsoft buyouts: MSFT stock price jumps but why is tech giant offering massive 'voluntary exit' package for 60,000 employees, including VP level? Check which countries workforce impacted
Microsoft, Amazon, Alphabet and Meta are collectively on track to pour roughly $700 billion into AI data centers, chips and computing infrastructure this year alone.
UBS says CarTrade Tech’s OLX buy can deliver 5x revenue in five years. Here’s why
Global brokerage firm UBS maintained a Buy rating on CarTrade Tech with a target price of Rs 4,000, citing strong monetisation potential in its OLX India business. UBS expects OLX’s emerging revenue levers, such as financing, subscriptions, and logistics to drive a 5x revenue expansion to Rs 11.8 billion by FY31.
ET Exclusive: Flipkart’s former suites write to Walmart board, seek fair treatment and full cash out of vested ESOPs
A group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. This request comes after the company's plans for an initial public offering have been postponed again. Recent leadership changes at Flipkart have highlighted ongoing tensions between former executives and current management. The signatories argue that those who contributed to Flipkart's success deserve liquidity opportunities.
Global Fintech Fest: How Adyen powers payments for global ambition and expansion
The payments ecosystem in India is moving beyond just digitisation, and towards infrastructure that can operate seamlessly across borders, and connected ecosystems. Adyen, a global fintech company with presence in India is positioned to achieve exactly that for Indian merchants who have the ambition to go global and global enterprises expanding in India.
EBay probes how banned gender-test kits were available in India, listings removed
EBay has launched an internal review of its safeguards after Reuters found gender-prediction kits being offered for delivery to India, where prenatal sex determination is illegal. The marketplace removed nine listings, including SneakPeek and Peekaboo products. The findings come as Indian authorities also seek Google action against search results promoting gender-prediction tests.
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GPT-6 Astra signals new leap in AI autonomy
Unveiled on Thursday, Astra has outperformed rival models from Anthropic, Google, Meta and Chinese labs Alibaba and Moonshot on key benchmarks for coding, cybersecurity, computer use and reasoning, according to the Sam Altman-led company.
Hanuman Ansh creates ripples as its records its biggest fourth week
The devotional film Hanuman Ansh is experiencing sustained audience interest in its fourth week. PVR INOX is increasing showtimes across its network due to strong word-of-mouth. The film attracts a wider demographic, including younger audiences and senior citizens. Its momentum is driven by viewer recommendations and social media conversations. This sustained response highlights cinemas' role in organic film discovery.
Hanuman Ansh, Laalo & more: Faith can move mountains, also fill up seats at cinemas
Faith-infused cinema is experiencing remarkable success in theaters, even with limited financial resources. These films resonate with viewers by integrating spirituality into relatable narratives, addressing deep existential questions and showcasing how faith can provide solace and fortitude. With increasing audience engagement, producers view this genre as a robust investment, driven by culturally significant tales and shared community experiences.
Hanuman Ansh: The saint linked to Apple, Google, Facebook and eBay
A film about Neem Karoli Baba has surprised box offices, sparking renewed interest in the Indian saint. Richard Alpert, later Ram Dass, introduced Baba to millions of Americans through his book. Steve Jobs sought spiritual direction in India but the guru had already passed away. Larry Brilliant became a key figure in smallpox eradication and later Google.org. Mark Zuckerberg and Jeffrey Skoll also visited Kainchi Dham, continuing the spiritual connection.
eBay close to investing $160-$170 million in Paytm Mall
The eBay deal is likely to be announced next month, and would mark the US online retailer’s third bet, after Snapdeal and Flipkart, in an Indian e-commerce player.
Flipkart to close eBay.in, sell used goods at new bay
In May, eBay had said that it had decided to end its strategic partnership with Flipkart and relaunch eBay India with a differentiated offering to focus on cross-border trade.
eBay to sell stake in Flipkart for about $1.1 billion, to relaunch eBay India
The plan includes unwinding commercial agreements with Flipkart and terminating Flipkart's licence to use the eBay.in brand, a statement from eBay said.
eBay secures 5.4% stake in Flipkart
The sale of eBay India to Flipkart also resulted in a gain of $167 million for eBay Inc, the filing also stated.
Flipkart's products now available to global customers
Flipkart has launched a global programme to allow its sellers to sell to customers globally in partnership with eBay.
Anil Goteti in charge of eBay India
eBay made a $500-million cash investment in Flipkart for an equity stake and sold its eBay.in business to Flipkart as part of a $1.4-billion funding round led by Microsoft and Tencent in April this year.
Flipkart-eBay India deal gets CCI nod
eBay will invest $500 million in Flipkart as the two firms will merge their operations in the country. As part of the deal, Flipkart will own and operate eBay's business in India.
eBay plans to close sale to Flipkart in second half of the year
“We-’re committed to winning in India through this partnership,” said Devin Wenig, CEO at eBay in an analyst call in the US.
After selling its Indian assets to Flipkart for a stake in it, what does eBay leave behind?
eBay has a significant stake in Snapdeal. And there’s Quikr. A company that became a unicorn in the heady days of 2015, with an unusual genesis in Mumbai.
With $500-m stake buy, eBay makes a fresh bid
The company will also fold its Indian arm, set up when it bought local ecommerce startup Baazee.com for Rs 230 crore in 2004, into India's largest ecommerce company.
eBay India still in investment mode
eBay India, fully owned by the US listed eBay Inc, today said it is still in investment mode in the country.
eBay partners with Best Deal TV for exporting celebrity-endorsed products to US, UK
eBay India today announced that it has partnered with 24/7 home shopping channel Best Deal TV to enable export of products to the US, UK.
eBay India is not in the race for burning cash: Latif Nathani
“If the competition is to see who can burn cash as fast as possible, then eBay India is not part of that kind of competition, says
Delhi beats Maharashtra as India's e-commerce hub: eBay
The findings of Census 2014 are based on an analysis of all online buying and selling transactions by Indians on eBay between January 1, 2013 and June 30, 2014.
Why e-Bay India is missing in e-commerce conversation despite coming before Flipkart, Amazon & Snapdeal
We are the largest marketplace (by number of sellers), but we are not in valuations game. Hence, we don’t get talked about that much, says eBay India's MD.
Will eBay India be able to get its mojo back to keep abreast with Snapdeal & Flipkart?
eBay’s critics admit that it has the deepest reach & widest breadth of products available compared to its peers. It is this strength eBay should build on.
eBay helps small traders turn millionaires: CEO Donahoe
Donahoe counts on 3G and broadband rollouts to help e-commerce grow in a big way in India.
India ranks third in Asia Pacific for eBay
India is ahead of China is terms of transactions, but not on the number of users, online shopping portal ebay said.
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