Amazon India Brings ‘Faster Than Same Day Delivery’ for Smartphones to Delhi-NCR Customers

Alongside giving attractive deals and offers during the ongoing Great Indian Festival sale, Amazon India on Wednesday launched a “faster than same day delivery” model for smartphones. The new model, which is initially live in select locations of Delhi-NCR, is designed to deliver doorstep delivery of orders within three to five hours. It is applicable to a wide selection ofRead More

Apple, Amazon Deny Report on Chinese Spy Chips on Their Servers

China secretly inserted surveillance microchips into servers used by major technology companies, including Apple and Amazon.com, in an audacious military operation likely to further inflame trade tensions between the United States and its leading source of electronics components and products, Bloomberg Businessweek reported Thursday morning. The article detailed a sweeping, years-long effort to install the surveillanceRead More

SiriusXM to Buy Pandora in $3.5 Billion Stock Deal

Satellite radio company Sirius XM Holdings said on Monday it would buy music-streaming service provider Pandora Media in an all-stock deal valued at about $3.5 billion (roughly Rs. 25,000 crores). Pandora shareholders will receive a fixed-exchange ratio of 1.44 newly-issued SiriusXM shares for each share they hold. The implied price of Pandora common stock is $10.14 per share,Read More

Flipkart Said to Be Eyeing Stake in Hotstar

Walmart’s Flipkart unit is in talks to buy a stake in Star India’s video streaming service Hotstar, the Mint daily reported on Monday, stepping up the e-commerce firm’s battle with Amazon.com by expanding into video content. Flipkart’s reported talks with Hotstar come at a time when there is high demand in the country for video streaming services like Netflix and Amazon Prime Video, which offerRead More

PayPal Reports Rise in Profits, Weak Transaction Volumes

Payment processor PayPal Holdings Inc, spun off from eBay Inc reported quarterly revenue slightly below analysts’ expectations as a strong dollar hurt its transaction volumes in China and Europe. Shares of PayPal, which listed for the second time on the Nasdaq in July, fell 5.6 percent in extended trading on Wednesday. PayPal’s third-quarter revenue roseRead More