Karan Choudhury

All stories by Karan Choudhury

Indeed bets big on the gig economy

Indeed bets big on the gig economy

Rediff.com23 Sep 2019

Indeed has seen an increase in listings for drivers, food delivery runners, and other service providers.

Zomato, valued at $4 bn, lays off 541 employees

Zomato, valued at $4 bn, lays off 541 employees

Rediff.com8 Sep 2019

The company, which has been in the news recently for all the wrong reasons, maintains that it was forced to rationalise the staff strength as improvements in technology resulted in certain redundancies in customer, merchant and delivery partner support teams.

Amazon buys 49% stake in Kishore Biyani's Future Coupons

Amazon buys 49% stake in Kishore Biyani's Future Coupons

Rediff.com23 Aug 2019

Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.

How Amrapali's Anil Sharma had a great fall

How Amrapali's Anil Sharma had a great fall

Rediff.com26 Jul 2019

Cut to 2019, and his name evokes grief and anger among more than 40,000 homebuyers who are fighting for the keys to their flats, which they should have rightfully got more than seven years back.

Always ready to talk it out: Meet Karnataka's speaker

Always ready to talk it out: Meet Karnataka's speaker

Rediff.com22 Jul 2019

Over the last few days, K R Ramesh Kumar has made all efforts to ensure the Congress-Janata Dal-Secular coalition stays in power, resulting in him being under tremendous pressure.

Biyani's Foodhall plans to tap 2-hour e-deliveries segment

Biyani's Foodhall plans to tap 2-hour e-deliveries segment

Rediff.com29 Apr 2019

The company has entered into a strategic partnership with Scootsy, a hyper-local delivery platform

In IPO papers Uber highlights competition from desi rivals in India

In IPO papers Uber highlights competition from desi rivals in India

Rediff.com13 Apr 2019

Uber's draft prospectus for the biggest IPO in the world since Alibaba's in 2014 has projected a major cash burn for Uber in trying to get a significant market share in India, reports Karan Choudhury.

'India is not a country, it's a continent'

'India is not a country, it's a continent'

Rediff.com11 Apr 2019

'This offers us many opportunities to meet people in different ways, and we will do this with full respect to India.'

Paytm to hire 500 techies for marketplace consolidation

Paytm to hire 500 techies for marketplace consolidation

Rediff.com8 Apr 2019

Amid news that the company was planning to scale down its online marketplace business and eventually exit it, Paytm Mall is targeting Rs 10,000 crore in business over the next 12 months, says Karan Choudhury.

SoftBank charts mega expansion plan for Delhivery

SoftBank charts mega expansion plan for Delhivery

Rediff.com25 Mar 2019

With funds from SoftBank, Delhivery plans to rapidly scale up its reach from 15,000 pin codes to 20,000 by the June quarter of 2019-20.

E-commerce firms in India form their own lobby group

E-commerce firms in India form their own lobby group

Rediff.com14 Mar 2019

The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.

OYO has mega expansion plans in India, Nepal

OYO has mega expansion plans in India, Nepal

Rediff.com13 Mar 2019

Currently, the company is present in over 259 Indian cities, with over 8,700 buildings (hotels and homes) and more than 173,000 rooms.

The chink in the e-commerce draft

The chink in the e-commerce draft

Rediff.com25 Feb 2019

While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.

'We are betting big on OYO Living'

'We are betting big on OYO Living'

Rediff.com21 Feb 2019

'Co-living is a phenomenon that is bound to strike the right chord with young people everywhere and India will lead the charge as the testing ground for all such ideas.'

Traders threaten to take e-com players to court, if...

Traders threaten to take e-com players to court, if...

Rediff.com15 Feb 2019

Going ahead with its festive sales as per schedule, companies such as Flipkart, Jabong, and Myntra are having week-long Valentines' Day sales, offering discounts of as much as 80 per cent. Amazon India is also offering discounts of almost 40 per cent.

PhonePe eyes $50 billion in transactions in 2019

PhonePe eyes $50 billion in transactions in 2019

Rediff.com28 Jan 2019

PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services

Why Amazon may delay $1-bn investment plans in India

Why Amazon may delay $1-bn investment plans in India

Rediff.com23 Jan 2019

Amazon India is waiting for clarifications from the government on several aspects of the latest FDI guidelines to be able to carry on with business in the country. Sources said, no new investment is likely till at least the second half of 2019.

Will Santa bring good news for India's real estate developers?

Will Santa bring good news for India's real estate developers?

Rediff.com6 Dec 2018

Christmas is a perfect time for most NRIs to travel back to India and include property buying in their schedule. Ahmedabad, Kochi, Ludhiana and Chandigarh are some cities that witness generous investments from NRI investors.

Why are Uber, Ola drivers upset?

Why are Uber, Ola drivers upset?

Rediff.com9 Nov 2018

Cab aggregators caught between showing profitability to investors, increasing their network and dabbling in areas such as food ordering have seen a major blow to their primary business.

Cisco's John Chambers invests in Lucideus; eyes IoT space in India

Cisco's John Chambers invests in Lucideus; eyes IoT space in India

Rediff.com30 Oct 2018

According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures

Plot thickens over who stole Paytm data

Plot thickens over who stole Paytm data

Rediff.com24 Oct 2018

Allegations are flying thick and fast, from harassment, pressure on employees to sell their stocks in the firm, to not one but two extortion calls.

With new RBI move, M-wallets face tough fight

With new RBI move, M-wallets face tough fight

Rediff.com20 Oct 2018

While mobile wallets are still busy exploring the multiple facets of interoperability, experts believe that bringing in new customers would be costly affair and the numbers of new wallet users might not see a major hike anytime soon.

There's room at the top in Big 4 social media cos in India

There's room at the top in Big 4 social media cos in India

Rediff.com17 Sep 2018

Companies such as Facebook, WhatsApp and Twitter are finding it extremely difficult to rope in new India heads.

Fake news: Why Google, Facebook are living in fear

Fake news: Why Google, Facebook are living in fear

Rediff.com3 Sep 2018

While companies claim to have taken steps including adding additional manpower, using artificial intelligence and machine learning, to counter spread of fake news, the government has found these measures unsatisfactory.

PE funding likely to shrink if founders have the last word

PE funding likely to shrink if founders have the last word

Rediff.com1 Aug 2018

Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.

Paytm enters Japan, next stop Europe

Paytm enters Japan, next stop Europe

Rediff.com28 Jul 2018

After gaining 300 million mobile wallet users in India, the firm has now expanded operations to Japan via PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation.

Connaught Place is world's 9th most expensive office location

Connaught Place is world's 9th most expensive office location

Rediff.com12 Jul 2018

Mumbai's Bandra Kurla Complex (BKC), which houses the offices of some of the biggest banks in the country, however, slipped to 26th position from the 16th position.

Google India's Wi-Fi project to soon go global

Google India's Wi-Fi project to soon go global

Rediff.com5 Jul 2018

Most of the markets it is now looking at in hopes of gaining the next billion internet users have demographics similar to that of India.

Walmart may now be dragged to court over Flipkart buy

Walmart may now be dragged to court over Flipkart buy

Rediff.com3 Jul 2018

In two months, as many as 25 complaints have been sent to Enforcement Directorate, Competition Commission of India, Reserve Bank of India and income tax department, beside various state agencies, to thwart the deal.

Nationwide protest planned against Walmart-Flipkart deal

Nationwide protest planned against Walmart-Flipkart deal

Rediff.com28 Jun 2018

Ever since the deal was announced of Walmart spending over $16 bn for a 77 per cent stake in Flipkart, the road to the takeover of India's biggest online marketplace has been quite bumpy

Flipkart awaits CCI nod for Walmart deal, puts plans on hold

Flipkart awaits CCI nod for Walmart deal, puts plans on hold

Rediff.com26 Jun 2018

Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.

Turnaround man Jason Kothari quits Snapdeal to head Infibeam

Turnaround man Jason Kothari quits Snapdeal to head Infibeam

Rediff.com15 Jun 2018

Infibeam appointed Kothari as president, strategy, corporate development, international operations, and investor relations.

Not online or off, retail giants work on being omni-channels

Not online or off, retail giants work on being omni-channels

Rediff.com13 Jun 2018

Online biggies and global retail giants are working on being omnipresent in both the virtual and the real world to see what helps them get the numbers, says Karan Choudhury.

Zomato to rejig top brass as investors look for change

Zomato to rejig top brass as investors look for change

Rediff.com7 Jun 2018

Company says it is just replacing old guard with stronger leaders

Amazon readies plan to take on Walmart in India's retail space

Amazon readies plan to take on Walmart in India's retail space

Rediff.com17 May 2018

While the talks are still at a preliminary stage, sources said major retail players had held discussions with Amazon

Paytm may process Rs 60,000 cr in monthly bank transfers by end of 2018

Paytm may process Rs 60,000 cr in monthly bank transfers by end of 2018

Rediff.com14 May 2018

Using the app, bank transfers can be done from/to any bank account, making it easier to make payments at no charge. Even non-KYC Paytm users can avail the facility.

Post Walmart deal, Flipkart will likely build a $1 bn M&A warchest

Post Walmart deal, Flipkart will likely build a $1 bn M&A warchest

Rediff.com8 May 2018

Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap

How Google stands to gain from the Flipkart-Walmart mega deal

How Google stands to gain from the Flipkart-Walmart mega deal

Rediff.com7 May 2018

Google will be able to co-relate data from the first click to the final delivery of product. This kind of knowledge is invaluable, something which even Amazon does not have.

Tech majors seek more time to implement RBI's data onshoring order

Tech majors seek more time to implement RBI's data onshoring order

Rediff.com21 Apr 2018

Many of India's fintech entities and banks have stored all their customer data in India; however, many do use foreign servers, for operations, providing services and for data analytics.

No sharing users' financial data with Facebook, says WhatsApp

No sharing users' financial data with Facebook, says WhatsApp

Rediff.com14 Apr 2018

Its statement also said Facebook does not use WhatsApp payments information for commercial purposes.

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