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Saritha Rai

Recent and archived articles by Saritha Rai

21 May 2019 | 2:11 PM

Alarming lessons from Facebook’s push to stop fake news in India

The world’s largest election has become something of a test case in how technology giants handle fake news after years of scandal. It’s not working out so well.

8 May 2019 | 5:19 PM

Apple preps push in India with short list for first retail store

Apple Inc has finalised a short list of locations for its first retail store in India, according to people familiar with the plans, as the company redoubles its efforts in the world’s fastest-growing smartphone market.

Despite its latest efforts, Apple continues to flounder in India. Research firm Canalys estimates the company’s shipments fell by more than 75% in the first quarter of 2019, giving it only about 1% of the country’s smartphone market. — Reuters
25 Apr 2019 | 4:57 PM

Bytedance gets reprieve as Indian court lifts ban on TikTok app

Bytedance Ltd, the world’s most valuable startup, has been allowed by a court in India to restore access of its popular TikTok video-sharing app to users in one of the Chinese company’s most promising markets.

23 Apr 2019 | 2:30 PM

Facebook has assembled a small army of fact-checkers. Too small.

One of the operations most vital to Facebook Inc at this moment is a world away from its Menlo Park, California, headquarters, and in more ways than one.

15 Apr 2019 | 6:04 PM

Foxconn is poised to begin mass production of iPhones in India

Foxconn Technology Group chairman Terry Gou said the iPhone will go into mass production in India this year, a shift for the largest assembler of Apple Inc’s handsets that has long concentrated production in China.

The Indian assembly line of Foxconn’s Hon Hai Precision Industry Co would serve local and export markets by the time Apple announces its next iPhone models in September, people familiar with the matter have said. — Reuters
9 Apr 2019 | 12:19 PM

Why one startup founder turned down a US$1.1bil SoftBank deal

Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard of by researchers that track such things.

19 Mar 2019 | 1:54 PM

Ola raises US$300mil to step up battle with Uber in India

India’s Ola is raising US$300mil (RM1.22bil) from Hyundai Motor Group, giving the ride-hailing startup more capital to compete for drivers and customers against Uber Technologies Inc just as the US rival prepares for an initial public offering.

Ola, which primarily competes with Uber in India, presents a lower-profile challenge for the ride-hailing leader than American rival Lyft Inc. — Reuters
25 Feb 2019 | 6:52 PM

Uber in talks to sell India food-delivery business

Less than two years after Uber Technologies Inc entered India’s competitive food-delivery business, it’s in talks to sell its Uber Eats operations in the country to rival Swiggy, according to a person familiar with the negotiations.

Uber’s pull-back from food delivery in India, follows retreats from its ride-hailing business in China, Russia and, most recently, South-East Asia. — AFP
13 Feb 2019 | 4:31 PM

India seeks access to private messages in WhatsApp crackdown

India’s government dealt retail giants Amazon.com and Walmart a devastating blow this year with new policies undermining their growth plans. Now US social media pioneers Facebook and Twitter are in danger of suffering similar setbacks in what is perhaps the world’s most important emerging technology market.

24 Jan 2019 | 4:43 PM

Millennials in India are turning to algorithms for love

Pawan Gupta wasn’t having any luck finding a match.