A microsite UPIChalega.com has also been setup where users can access information about live banks and third-party apps. India’s Unified Payments Interface (UPI) is all set to get its ‘Mutual Fund Sahi Hai’ moment. Awareness campaigns and adoption drives for popular payments interface is set to flood India’s media space as regulators and government bodies […]
Archives for February 2020
Flipkart leads Walmart’s international e-commerce numbers
US retail giant Walmart on Tuesday reported that ecommerce contributed 12% to its international sales during the quarter ended January 31, led by Flipkart and online grocery delivery in several markets. In its fourth quarter earnings report, the company said that international sales had grown by 2.3% to $33 billion, despite a disruption in Chile […]
Social media companies to join hands for cleanup
Illustration: Rahul Awasthi The world’s biggest social media companies, including Facebook, Google, Twitter and ByteDance, are exploring an industry-wide alliance to curb fake news on their platforms in India, even as the government finalises regulations aimed at censoring content. The proposed alliance — to be named the Information Trust Alliance (ITA) — will be a […]
ShareChat to stay focused on users, unique content
Illustration: Rahul Awasthi ShareChat will continue to focus on growing and retaining users over monetising the platform, a top executive of the homegrown social media platform told ET, even as the app faces intense competition from Chinese ByteDance-owned short video platforms TikTok and Helo in India. In the last six months, ShareChat has consciously boosted […]
No need to report some transactions in video game currency, IRS says
Gamers who transact in virtual currencies as part of a video game do not have to report the transactions on a tax return if the currencies do not leave the game environment, the IRS made clear in a statement released on its website Feb. 14. The clarification relates to whether, or when, a currency used […]
The Internet of Wild Things: Technology and the battle against biodiversity loss and climate change
The potential to install a regime of benign surveillance over the natural world is immense, ranging from earth-observation satellites to smartphones listening out for chain saws in the forest. The interrelated issues of biodiversity loss and climate change are rising fast up the popular and political agenda. One reason is that the world increasingly appears […]
India to have more than 907M internet users by 2023: Report
India will have more than 907 million internet users by 2023, accounting for nearly 64% of the population, according to Cisco Annual Internet Report. The report has highlighted that devices and connections are growing faster (7% CAGR) than the population (1% CAGR) in the country. This trend has been boosting the growth in the average […]
India to have more than 907 internet users by 2023: Report
India will have more than 907 million internet users by 2023, accounting for nearly 64% of the population, according to Cisco Annual Internet Report. The report has highlighted that devices and connections are growing faster (7% CAGR) than the population (1% CAGR) in the country. This trend has been boosting the growth in the average […]
General Mills’ plans to revive cereal sales include selling a box for $13
A woman shops for Cheerios cereal at a Price Chopper supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images General Mills‘ plan to revive cereal sales includes a $13 box of the breakfast food. The new Morning Summit cereal, which was launched in late 2019, lists almonds as its first ingredient in a bid […]
India may give reprieve to solar projects delayed by coronavirus fallout
NEW DELHI (Reuters) – India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects […]