India’s push to award online degrees at top 100 educational institutes, could boost business of educational technology startups including Eruditus, Coursera and upGrad. Finance minister Nirmala Sitharaman, in her budget speech, said that in order to provide quality education to students of deprived section of the society as well as those who do not have […]
Archives for February 2020
China will help makers of vital goods resume operations as soon as possible – state TV
SHANGHAI (Reuters) – China said on Sunday it will help firms that produce vital goods resume work as soon as possible, state broadcaster CCTV reported on Sunday, citing a meeting chaired by Chinese Premier Li Keqiang. Non-essential sectors, however, will be allowed flexibility in how they resume operations after the Lunar New Year holiday as […]
Malaysia regulator to probe if AirAsia broke rules in Airbus deals
KUALA LUMPUR (Reuters) – Malaysia’s securities regulator said on Sunday it will examine whether AirAsia Group (AIRA.KL) and unit AirAsia X (AIRX.KL) broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus (AIR.PA) for buying planes. The allegations came to light on Friday when Airbus agreed to a record $4 billion settlement […]
Govt to set up of an IPR digital platform to guard patents
Illustration: Rahul Awasthi The budget has proposed to set up a digital platform for seamless application and capture of Intellectual Property Rights. This will promote and safeguard patents at a time when protecting IPR has assumed global significance, as it had become one of the major talk points in the ongoing US-China trade negotiations. “If […]
Govt’s tax move on e-commerce cos likely to raise compliance costs
The union government’s move to draw small vendors and service providers on e-marketplaces into the tax-net could raise compliance costs that may then be passed onto consumers, said industry executives. On Saturday, the union government mandated online marketplaces, which includes companies like Flipkart, Amazon, Uber and UrbanClap, to deduct 1% tax at source while crediting […]
Apple store closings in China could delay 1 million iPhone sales, Wedbush says
Apple staff (red t-shirt) and a customer (R) wearing protective facemasks are seen inside of an Apple store in Beijing on January 30, 2020 NICOLAS ASFOURI Apple’s decision to temporarily shutter its stores in China as a result of the new coronavirus could delay up to 1 million iPhone sales but is unlikely to have […]
General Motors playing to its strengths with the GMC Hummer EV pickup
DETROIT – General Motors is playing to its strengths from a profitability and product standpoint by resurrecting Hummer as an all-electric vehicle under its GMC truck and SUV brand, according to officials. The automaker is attempting to cash-in on the reputation of an already-established brand while removing any “negative baggage” of the gas-guzzling, environment-harming Hummers […]
Online education proposal to boost edtech sector: Budget2020
India will start issuing online degrees at top 100 educational institutes, Finance Minister Nirmala Sitharaman announced during her Budget speech. This step could boost educational technology startups including Eruditus, Coursera and upGrad. Sitharaman said that in order to provide quality education to students of deprived section of the society as well as those who do […]
Factbox: Airlines suspend China flights because of coronavirus outbreak
(Reuters) – Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people. Here is the latest on their plans (in alphabetical order): AIR CANADA (AC.TO) Air Canada said on Jan. 28 it was cancelling select flights […]
Govts launch rewrite of global tax rules
The rise of Amazon, Facebook and Google has strained existing rules to breaking point because big tech companies can book profits in low-tax countries like Ireland no matter where their customers are located. Reuters | February 01, 2020, 07:45 IST