TOKYO (Reuters) – Sony Corp raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain. Demand for image sensors has been strong enough that even with its plants operating at […]
Archives for February 2020
Stocks making the biggest moves premarket: Clorox, McKesson, Sirius XM, Alphabet & more
Check out the companies making headlines before the bell: Clorox (CLX) – The household products maker beat estimates by 15 cents a share, with quarterly earnings of $1.46 per share. Revenue also topped estimates and Clorox raised its full-year outlook as cost savings and price increases made up for increased costs. McKesson (MCK) – The […]
$1billion investment is not to provide deep discounting or cover losses: Amazon India
Ecommerce giant, Amazon India, is categorical that the $1 billion investment announced by Jeff Bezos during his recent trip to India would be used for long-term development of its operations and not for deep discounting or cover losses. “A lot of our investment is focused on the long-term and if we only look at the […]
Predictions Around Blockchain and Data for IT leaders
Blockchain technologies will ignite the era of decentralization, where customers own their data and decide how it is used. IT leaders should start to rethink their strategies. Blockchain has introduced alternative methods for tracking and managing customer data. IT leaders need to understand the direction of decentralized technologies — or risk falling behind. Scan the […]
Paytm eyes onboarding 10M merchants with addition of PoS machine, new solutions
Paytm on Tuesday said it aims to add close to 10 million merchants to its platform over the next 12-18 months as it brings new features to its payments platform. The company, which has introduced a new all-in-one payment gateway and business solutions as well as an Android-based point of sale (POS) machine, currently has […]
Nilekani says MDR would have trended to zero even without government
Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and said payment providers in India should focus on budget payments that will help small merchants across the country. MDR is a fee that is levied by banks on merchants for the […]
How Walmart’s taking on Amazon, with help from Indian engineers
Amazon has hit almost every US retailer adversely. An exception has been Walmart. At over $500 billion in revenue, it remains more than twice as big as Amazon. In 2019, its share price rose 27%, much faster than Amazon’s and among the fastest in the Dow Jones index. The stock price surge actually began in […]
Delhi’s digital poll war: ‘Lage raho’ vs ‘Dil mein’
Digital campaigning for Delhi’s election scheduled on February 8 is a battle between the two most proficient political messengers on social media — BJP and AAP. A portacabin inside Delhi chief minister Arvind Kejriwal’s official Civil Lines residence is Aam Aadmi Party’s (AAP) digital headquarters. The messaging this time, says AAP’s social media head Ankit […]
Behind Amazon’s HQ2 fiasco: Jeff Bezos was jealous of Elon Musk
When Elon Musk secured $1.3 billion from Nevada in 2014 to open a gigantic battery plant, Jeff Bezos noticed. In meetings, the Amazon.com Inc. chief expressed envy for how Musk had pitted five Western states against one another in a bidding war for thousands of manufacturing jobs; he wondered why Amazon was okay with accepting […]
India is next playground for game development
India is becoming a development hub for games, opening up job opportunities in the sector. Currently, close to 23,000 gaming-based job openings are available, with salary packages ranging from Rs 3 lakh to a little over Rs 40 lakh, according to specialist staffing firm Xpheno. UBISOFT, 99Games, GSN, Moonfrog Labs, EA, Nazara Technologies, Octro and […]