In a 26-page order, the fair trade regulator said there exists a prima-facie case for investigation against MMT-Go and OYO for alleged violation of the provisions of Section 3(4) of the Competition Act.
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed a Rs 169 crore penalty imposed on Oravel Stays Ltd by the competition commission of India (CCI). Oravel Stays Ltd operates under the brand name Oyo. However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within six weeks.
The teen patti game on social network portal Ibibo is being played by thousands of users daily.
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
It was a mixed year for social networking sites, which began the year with a bang. Social media sites like MySpace, BigAdda, Ibibo, Orkut and Facebook firmed up operations while sites like Yahoo Mash, popularly touted as competitor to Facebook, shut shop in September 2008 after a year of being launched.
Sharing a ride is likely to become a hot new trend.
This is the second time in less than six months that the fair trade watchdog has called for an investigation against the two entities after finding prima-facie evidence of violation of competition norms.
Host of carpool mobile apps are offering shared taxi rides within cities
There are many who see a potential drop in interest by brands this year given that election news tends to cut into sports viewership.
Paytm Travel claims to have a base of around 13 million customers, a threefold increase over the user base in FY17. While significant, it is but a fraction of Paytm's wallet user base of more than 300 million.
The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.
Tencent reinforces India's consumer internet story. Ranju Sarkar reports.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
Suveen Sinha finds out what the tribe of modern, internet entrepreneurs who no longer run their first start-ups are up to.
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