OYO, a travel tech business, posted a net loss of 333 crore rupees in the second quarter, down from 414 crore rupees in the first quarter. The Securities and Exchange Board of India (SEBI) received the company’s H1 results on Saturday. In the first and second quarters, OYO’s adjusted EBITDA increased eight times, from Rs

Sources have confirmed that e-commerce and technology giant Amazon has informed the Labour Ministry that all resignations made in accordance with the Voluntary Separation Policy are voluntary and that no employees are being subjected to excessive pressure. The Voluntary Separation Program plan that Amazon had distributed to its Indian employees had become the subject of

Amazon is closing its online learning division, Amazon Academy, in India due to the slump in edtech. The portal, which was introduced in early 2021 during the pandemic-driven edtech boom, operated in the “test prep” market and provided online coaching for entrance examinations like the IIT-JEE and NEET. “Amazon will discontinue Amazon Academy’s operations in

Sukoon Healthcare, a healthcare start-up with offices in Gurgaon, has received a $15 million investment from global private equity company Lightrock India. The money will be used to extend its activities across several locations, offer more specialised services, and build its network by working with other businesses already active in this market. Despite neither party

The Union Labour Ministry has notified IT and e-commerce giant Amazon about the recent layoffs in India. The company has been summoned by A Anjanappa, the deputy chief labour commissioner, to question the voluntary separation programme (VSP). Smitha Sharma, the public policy manager for Amazon, has been asked to a hearing on November 23. Amazon’s

Chingari, an Indian competitor to Tik Tok, has introduced a content monetisation scheme for its users and artists.  The cost of the daily, weekly, and monthly plans is, respectively, Rs 20, Rs 30, and Rs 100. The business claimed in a statement that by making this change, the creators’ community will be able to double

According to Consumer Affairs Secretary Rohit Kumar Singh, the government would release frameworks the next week to combat fake reviews and unverified star ratings on e-commerce websites, and hotel and travel booking platforms. Consumers largely rely on reviews placed on platforms to see the opinions and experiences of people who have already purchased the goods