New Delhi, April 9 (IANS) How ShopClues went from being one of India’s most promising unicorns to a deeply discounted acquisition has emerged as one of the most striking examples of value destruction in the country’s startup ecosystem.Once valued at $1.1 billion in 2016 and preparing for a potential public listing, the Gurugram-based e-commerce firm saw its fortunes unravel rapidly before being acquired by Singapore-based Qoo10 in 2019 for roughly $70-$100 million in an all-stock deal, wipin…
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Tehran, April 4 (IANS) Iran has authorised the passage of ships carrying essential and humanitarian goods through the Strait of Hormuz to it ports, the country’s semi-official Tasnim news agency reported Saturday. The report cited a letter, dated March 1, sent to Iran’s Ports and Maritime Organisation (PMO) by Hooman Fathi, Iran’s Deputy Agriculture Minister, as saying that the Iranian government and armed forces have authorised passage by those vessels.The letter asked the PMO to allow the pass…
Chennai, April 3 (IANS) Well known brand Amazon has now issued a public notice in which it has strongly put across the point that it is the sole and exclusive holder of all digital rights of actor Mohanlal’s eagerly awaited film ‘Drishyam 3’ and that any entity dealing with the film or its digital rights in contravention of Amazon’s exclusivity would be doing so at its own risk. In a statement, Amazon Seller Services Private Limited said, “Notice is hereby given that Amazon Seller Services Priva…
New Delhi, April 2 (IANS) ‘Between Tehran and Tel Aviv’, a book available on Amazon, written by Col. Rajeev Agarwal, Senior Research Consultant at Chintan Research Foundation, Delhi, serves as an urgent exposé of the ongoing West Asia conflict. It unravels the intricate web of alliances, hostilities, and historical grievances shaping the volatile region today.As nations navigate a fragile balance of power, this book sheds light on Iran’s influence in the region, revealing how its ambitions and …
New Delhi, March 25 (IANS) The Delhi High Court on Wednesday said it will pass orders directing social media intermediaries and e-commerce platforms to take down online content unauthorisedly using the name and images of former India cricketer and current head coach Gautam Gambhir for commercial gains. A single-judge Bench of Justice Jyoti Singh observed that directions would be issued to tech platforms, including Meta and Google, to remove objectionable links flagged on behalf of Gambhir and to…
New Delhi, March 24 (IANS) Former Indian Premier League (IPL) chief Lalit Modi has laid out a bold roadmap for the league’s next media rights cycle, urging decision-makers to move away from bulk deals and instead “package their rights individually, that is, by different media types.” With the current rights cycle ending in 2027, Modi expects the IPL to “go to market” as early as the first quarter of 2027. He argues that the IPL should mirror the strategy used by the English Premier League (EPL…
New Delhi, March 20 (IANS) The Delhi High Court on Friday deferred the hearing on a plea filed by former India cricketer and current head coach Gautam Gambhir seeking protection of his personality and publicity rights against alleged digital impersonation, deepfake content and unauthorised commercial exploitation of his identity.A single-judge Bench of Justice Jyoti Singh posted the matter for further hearing on March 23 after noting discrepancies in the pleadings and directing the plaintiff to …
New Delhi, March 19 (IANS) Former India cricketer and current head coach of the Indian men’s team Gautam Gambhir has approached the Delhi High Court, seeking comprehensive protection of his personality and publicity rights against a “coordinated campaign of digital impersonation, AI-generated deepfakes, and unauthorised commercial exploitation.” The civil suit has been filed in the Commercial Division of the High Court, where Gambhir has sought an urgent injunction against multiple defendants,…
New Delhi, March 17 (IANS) The conflict in the Middle East has hit China’s exports due to the disruption in shipping, which has caused goods to pile up in the local warehouses, according to media reports.The report in CBC news came from the Chinese city of Yiwu, which is known as the world’s supermarket, as it is a key supplier of household goods and electronic products to US commerce giants such as Amazon and Walmart, as well as to the Middle East. The report by Chris Brown states that due …
New Delhi, March 14 (IANS) US tech giant Meta Platforms is reportedly considering another large round of layoffs as it seeks greater operational efficiency with more spending on artificial intelligence (AI) infrastructure.A Reuters report, citing people familiar with the matter, said that internal discussions have considered cuts of up to 20 per cent or more of Meta’s workforce, or 16,000 employees based on the company’s headcount of nearly 79,000 at the end of December.While Meta’s spokespe…