Jigar Jobanputra

The board of Snapdeal is expected to meet tomorrow to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart. Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in Snapdeal, to agree to the sale deal. The seven-member board of Jasper Infotech, which operates Snapdeal, includes representation from investors SoftBank, Kalaari Capital and Nexus Venture Partners (NVP), as well as co-founders Kunal Bahl and Rohit Bansal. The valuation of Snapdeal is believed to be one of the hurdles to the deal, as Kalaari and NVP were not in agreement with the valuation given by SoftBank, which is the largest shareholder in Snapdeal. SoftBank has now succeeded in getting Kalaari (another early-stage investor in Snapdeal) to agree but is yet to get NVP on board for the deal. The sources said once NVP agrees, the deal with Flipkart could be announced in a matter of weeks. The deal with Flipkart, if it happens, would...

McAfee has released India findings from a recent global study that aims to better comprehend how families’ attitudes and habits are evolving as their homes and lifestyles become increasingly connected. According to New Family Dynamics in a Connected World, on average, adults spend an equal amount of time at home online as they do in interacting with others face-to-face. Spending this amount of time online could be getting in the way of family relationships. In fact, approximately 35 percent of parents surveyed claimed that their child has called them out for being on their device during family time. Other key findings include: • 93 percent of Indian Parents admit to talking to their children about the dangers of Cyber-Criminals and Identity Theft. • 84 percent of parents allow their child to bring an internet connected device to bed. • 54 percent of Indian parents claim they have discovered that their child visited an inappropriate website, highest when compare...

BERLIN: In a setback to the social networking giant, a German court has upheld its decision asking it to obtain the permission of WhatsApp users in the country before processing their personal data to Facebook. The court also overturned Germany’s privacy regulator’s order that the companies delete data they had already transferred, a report in technology website InfoWorld said on Wednesday. Last August, Facebook-owned WhatsApp changed its privacy policy to allow the transfer of its users’ personal information to Facebook for processing — a move that has also created a furore in India. The move angered the Hamburg Commissioner for Data Protection and Freedom of Information, which in September ordered the companies to stop the transfer until they had obtained users’ consent and to delete any data they had already transferred, the report said. Facebook challenged the order in Hamburg’s administrative court and the court handed down its ruling. The court upheld the C...

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