Paytm Payments Bank, the largest issuer of RuPay debit cards, said that it will now issue Visa cards and is targeting one crore of these next year. The move comes in the wake of the government barring banks from recovering any fees from merchants accepting RuPay cards. According to bankers, the government’s decision to have […]
Archives for March 2020
SoftBank lays ground to abandon $3 billion WeWork tender offer: Sources
SoftBank Group is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm has not met the conditions for the deal, people familiar with the matter said on Tuesday. SoftBank’s U-turn would be the latest blow for WeWork’s investors, which last year saw the […]
Go digital: Banks, ecomm companies tell customers
Top banks, ecommerce players, regulatory authorities and fintech companies are urging Indian consumers to abandon cash and adopt digital payments and internet banking services as a precautionary measure to slow the spread of Covid-19 epidemic in the country. Leading banks such as HDFC Bank, State Bank of India, Kotak Mahindra Bank, ICICI Bank and RBL […]
Govt issues a hygiene note for e-tailers
The Ministry of Consumer Affairs issued a circular on Tuesday directing e-commerce companies to maintain proper hygiene of all last-mile delivery processes in order to safeguard employees and consumers from the Covid-19 virus. The guidelines follow a March 13 notification from the ministry ordering that surgical masks and hand sanitizers be designated as essential commodities […]
With discretionary spends in a freeze, retailers catch a cold
Illustration: Rahul Awasthi Sales of smartphones, electronics, apparel, home appliances and furnishing have taken a beating due to the Covid-19 virus outbreak, as Indian consumers stay at home and cut back on discretionary spending in an already sluggish market. Several consumer brands, retailers and sector analysts told ET that demand has dropped palpably, except food […]
The future of viruses and AI
#Awesome“…In theory, AIs could be used to predict the evolution of the coronavirus too. Inam imagines running unsupervised learning algorithms to simulate all possible evolution paths. You could then add potential vaccines to the mix and see if the viruses mutate to develop resistance. “This will allow virologists to be a few steps ahead of […]
Treasury secretary announces 90-day delay in tax payment deadline
The AICPA is aware that Treasury Secretary Steve Mnuchin announced today a series of tax relief measures designed to assist taxpayers and tax preparers during the coronavirus pandemic. We are confirming the specifics of these actions with Treasury and the IRS and will update members as soon as possible. Please continue to monitor this page […]
A COVID-19 Cybersecurity Poll: Securing a Remote Workforce
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
Oyo parent gets $807 million from SVF, RA Hospitality
Oravel Stays, the parent company of hospitality chainOyo Hotels & Homes, has received a capital infusion of about $807 million (around Rs 5,976 crore) from two of its backers, SVF India Holdings and RA Hospitality, the Ritesh Agarwal-controlled investment entity, as part of its ongoing $1.5 billion funding round. In regulatory filings with the Registrar […]
Facebook announces $100 million program for small businesses impacted by coronavirus
Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C., U.S., on Tuesday, April 10, 2018. Al Drago | Bloomberg | Getty Images Facebook announced a $100 million program to help small businesses as governments throughout the country urge local […]