The U.S. Small Business Administration (SBA), in consultation with Treasury, released Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. The applications reflect changes to the PPP made by the Paycheck Protection Flexibility Act of 2020, P.L. 116-142, which […]
Archives for June 2020
Walmart’s Mexico unit rolls out mobile phone service
MEXICO CITY (Reuters) – Walmart’s Mexican unit has launched a mobile phone service available throughout the country, the retailer said on Wednesday. Called “Bodega Aurrera Internet y Telefonia,” or BAIT, the service offering prepaid calls and internet usage is available at Bodega Aurrera, Mi Bodega and Walmart store formats. Mexican media first reported on BAIT’s […]
CCI reviewing Facebook buy in Jio Platforms
The Competition Commission of India (CCI) is reviewing Facebook‘s acquisition of 9.99% stake in Jio Platforms. The CCI looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said, as per reports. Gupta, however, did not comment further on the Facebook-Jio transaction pending examination. CCI is also examining if […]
ETtech Top 5: Surge in labour demand, upskilling engineers, Made in India TVs
Happy Wednesday! As migrant labourers flee India’s cities to get back to their hometowns, staffing firms are seeing a surge in demand for workforce from e-commerce, logistics, hygiene products and safety gear companies. And with work from home and online schooling likely to stay here for a few more months, laptop and tablet makers are […]
Building responsible and trustworthy AI
As use of AI becomes even more pervasive, data scientists and organisations just ‘doing their best’ won’t be sufficient. Scott Zoldi, AI expert at FICO explains that with the rise of AI advocates, responsible AI will be the expectation and standard. In recent years, data and AI have become widely used across a multitude of […]
E-commerce players push local brands, but the Chinese grip on electronics stays firm
Illustration: Rahul Awasthi Indian e-commerce marketplaces may accelerate their efforts to localise private label products and run campaigns to promote locally manufactured goods on their platforms as geopolitical tensions between India and China have flared up to their worst levels in over four decades. However, it’s unlikely that these marketplaces will take a stance on […]
Impede the Motion of Data and You Impede Innovation
Why that is, and what to do about it. Data drives innovation. At scale, innovation does not happen in isolation. Without finely tuned, smartly orchestrated data flows, innovation stalls. A stubborn misconception regarding data casts it as mostly static. Picture streams of data arriving at data lakes only to lethargically drift to rest at the […]
Seven ways to achieve cost savings and deliver efficiencies with Azure infrastructure
The global health crisis has transformed the way we work and live. At Microsoft, we are committed to doing what we can to help our customers respond to the crisis and plan ahead for future success. In the past couple of months, I have been learning from—and inspired by—IT leaders around the globe who have […]
Prices may rise as Flipkart ups seller fee
Walmart-owned Flipkart will hike various marketplace fees from next month, irking sellers hit by the coronavirus pandemic. The move may lead to increased prices of products on the platform for consumers. The decision, reviewed by TOI, concerns marketplace fee components like fixed and local shipping charges. These have been increased across price buckets, especially doubling […]
Online, home delivery will make liquor more accessible to women buyers: United Spirits
United Spirits Ltd., India’s biggest liquor company with a brand portfolio that includes Johnny Walker and McDowell, said home delivery and online sales will not just expand the basket size but also help more women consumers. “In many states, women do not want to go into a retail store to buy alcohol – it’s just […]