Food delivery platform Swiggy is collaborating with select restaurants, including Berco’s Restaurant, Impresario Group, Bar Stock Exchange and Gilly’s, to create exclusive delivery-only brands on its platform, a top executive told ET. As a part of the agreement, Swiggy will share with these restaurants data on supply gaps, work with them on menu options, packaging […]
Archives for February 2020
Transport ministry to rejig policy on cab aggregators
Representative image The government has decided to revisit a policy to regulate cab aggregators like Ola and Uber, and hold a “wider stakeholder consultation” before finalising it, officials said. The transport ministry, which had nearly finalised the policy towards the end of 2019, will spend more time on the policy. “Things were firmed up but […]
RBI has a NUE plan for digital payment players
The Reserve Bank of India has taken yet another step towards opening the mandate of issuing and operating of new retail payment channels to private sector players. A draft framework detailing the eligibility and governance criteria of the proposed ‘new umbrella entities’ (NUE) along with scope of activities has now been issued by the central […]
E-pay platform NPCI to face competition
The Reserve Bank of India (RBI) has prepared the ground for allowing competition to the National Payments Corporation of India (NPCI) to come up through private investments, which could include for-profit companies. The minimum capital requirement has been fixed at Rs 500 crore. The new entity will set up, manage and operate new payments systems, […]
In-built automated filtering only for child porn: MeitY’s draft rules
Illustration: Rahul Awasthi Internet companies may need to set automated filters only for content related to child pornography in thedraft rules for technology intermediaries, which are expected to be notified in the next few weeks. The Ministry of Electronics and IT (MeitY), in its latest draft sent to the law ministry for vetting, had proposed […]
Edge Computing Benefits for AI Crystallizing
The prospect of performing AI at the edge is still mostly theoretical, but organizations are exploring potential edge computing benefits. — ITPro Today Interest in edge computing continues to build, as does confusion surrounding the architecture. The situation is similar when it comes to artificial intelligence. The prospect of moving AI to the edge might sound […]
Estée Lauder Exposes 440M Records, with Email Addresses, Network Info
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MakeMyTrip founder Deep Kalra steps down as group CEO, Rajesh Magow to take over
Deep Kalra, group chief executive of Nasdaq-listed MakeMyTrip, has stepped down, with co-founder Rajesh Magow, who was heading its India business, taking over Kalra’s role. Kalra, a St Stephen’s College and IIM-Ahmedabad alum, will now serve as executive chairman, the company said in a statement. “(Kalra) will devote his full time to pursuing strategic initiatives, […]
Watch Fed Chair Jerome Powell speak to Congress live
[The stream is slated to start at 10 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Tuesday before the House Committee on Financial Services as part of his semiannual testimony to Congress. Powell said in prepared remarks that the Fed […]
The industrial retrofit revolution
In 2008, ArcelorMittal found itself stuck between a rock and a financial hard place. The mining and metals conglomerate launched an ambitious plan to upgrade a 1940s era iron ore complex in Nova Scotia by increasing annual production from 16 million tons to 26-30 million tons. Soon after, iron prices swooned, placing a massive pressure on […]