Ebay

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Facebook isn’t the first to rebrand itself to Meta: 10 other companies that underwent a name change
World

Facebook isn’t the first to rebrand itself to Meta: 10 other companies that underwent a name change

Facebook Inc., has decided to change its name to Meta to reflect the technology company's shifting focus on its virtual "metaverse" world

Old Rs 1, 10, 100 notes may fetch you upto Rs 3 lakh online; check details
India

Old Rs 1, 10, 100 notes may fetch you upto Rs 3 lakh online; check details

An old Rs 10 note can fetch Rs 25,000, however, the note must have some features like Ashoka pillar printed on one side and a boat on the other side

eBay auction of Japanese art, purportedly created at Manzanar internment camp, pulled after protest
Arts & Culture

eBay auction of Japanese art, purportedly created at Manzanar internment camp, pulled after protest

The auction was halted by eBay hours before it was to conclude after company executives met with Japanese American groups who called the sale "hurtful, and a degrading reminder of the mass roundup and incarceration".

Indonesian man becomes overnight millionaire after meteorite crashes through his roof
World

Indonesian man becomes overnight millionaire after meteorite crashes through his roof

As per the report, the meteorite is carbonaceous chondrite, an extremely rare variety estimated to be 4.5 billion years old and is worth around £645 per gram

Allow full operations of e-commerce companies as first step to normalcy, says industry body IAMAI
Business

Allow full operations of e-commerce companies as first step to normalcy, says industry body IAMAI

IAMAI said that e-commerce services can facilitate delivery from producers and sellers to more than 75-100 million active customers on various platforms across 19,000 pincode areas.

Facebook and eBay make promises to better tackle fake and misleading reviews
News & Analysis

Facebook and eBay make promises to better tackle fake and misleading reviews

Facebook has removed 188 groups, disabled 24 user accounts whilst eBay permanently banned 140 users.

eBay's new 'Managed Delivery' for sellers on platform aims to rival Amazon; boost its brand recognition
Business

eBay's new 'Managed Delivery' for sellers on platform aims to rival Amazon; boost its brand recognition

The move by eBay comes with Amazon growing its base of third-party sellers for its Prime subscription service that offers speedy delivery

eBay picks up 5.5% stake in Paytm Mall for $150 mn; investment to boost Noida-based firm's valuation to nearly $3 bn
Business

eBay picks up 5.5% stake in Paytm Mall for $150 mn; investment to boost Noida-based firm's valuation to nearly $3 bn

eBay also said it had reached an agreement with India’s Paytm Mall, owned by Paytm e-commerce, to bring its global inventory onto Paytm’s marketplace

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal
Business

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal

The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector

EU puts spotlight on Google, Amazon and Facebook with new rules on unfair practices
News & Analysis

EU puts spotlight on Google, Amazon and Facebook with new rules on unfair practices

The EU law attempts to rein in online giants and ensure they treat smaller rivals and users fairly.

How about paying your taxes?: Walmart chief pokes at Amazon CEO Jeff Bezos
News & Analysis

How about paying your taxes?: Walmart chief pokes at Amazon CEO Jeff Bezos

Jeff Bezos issued a challenge to other retailers to match Amazon’s pay and benefits.

Of coins, figurines and vinyl records: Three collectors on sourcing, vetting and preserving pieces of history
Life

Of coins, figurines and vinyl records: Three collectors on sourcing, vetting and preserving pieces of history

Collections – be it stamps, coins, cassettes – are also a result of nearly a lifetime of barters, from parting with the coolest toys in one’s possession to those savings in the bank, and are built with a great amount of patience, knowledge and a comprehensive study of history

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
Business

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains

In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.

EU lawmakers prepared to take a tough stance on tech giants' power in Europe
News & Analysis

EU lawmakers prepared to take a tough stance on tech giants' power in Europe

EU Lawmakers have also come up with a list of unfair trading practices which they want to ban.

Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains
Business

Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains

The deal, wherein co-founder Sachin Bansal and Japan's Softbank Corp Group exited, valued Flipkart at $20.8 billion.

Facebook Marketplace gets AI features like price suggestions, auto-categorisation
News & Analysis

Facebook Marketplace gets AI features like price suggestions, auto-categorisation

Facebook is also testing camera features that would be useful in making product recommendations.

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials
Business

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials

In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September
Business

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September

Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.

Flipkart launches dedicated portal 2Gud for refurbished goods including phones
News & Analysis

Flipkart launches dedicated portal 2Gud for refurbished goods including phones

2Gud offers refurbished phones, tablets, laptops and other accessories with a 3-12 month warranty.