DUBAI (Reuters) – Egypt’s Canal Sugar will produce 400,000 tonnes a year of white sugar when it starts production in the 2021 season, the chief executive said on Monday. Construction of the company’s sugar beet factory will be completed this year and the project will reach full capacity of 900,000 tonnes of white sugar a […]
Archives for 2020
Samsung withdraws cashback scheme with Amazon Pay after offline retailers protest
Samsung India has withdrawn its consumer promotion with Amazon’s digital payment service, Amazon Pay, for smartphones after huge protest from offline cellphone retailers that the offer would mean hooking the customer to Amazon and mandatory registration of retailers in the marketplace which would ultimately hurt their business. According to two senior industry executives, the Korean […]
Airbnb suspends bookings in Beijing for rest of February
Airbnb said on Monday it has suspended bookings in Beijing until Febreuary 29 as death toll from the coronavirus outbreak in China exceeded 900. “In light of the novel coronavirus outbreak and guidance from local authorities for the short-term rental industry during this public health emergency, bookings of all listings in Beijing with check-in from […]
Bridge the IT Skills Gap With Data and Analytics
Enterprises can benefit in many ways from internal and external data analysis. One of the most obvious is using data analytics to help close your IT team’s skills gap. Data provides invaluable insights that can fuel and drive many facets of a business. It’s meant to be leveraged, and if not regularly and rapidly turned […]
Engaging closely with academia, civil society to enrich platform: TikTok
TikTok on Monday said it is working with academia and civil society to enhance engagement, and enrich and empower the short-video platform. TikTok, which is owned by Chinese firm ByteDance, said it is also harnessing the power of artificial intelligence to show relevant content to the users. “We look at best practices, work with academia […]
Amazon moves HC to get CCI probe quashed
Illustration: Rahul Awasthi Amazon on Monday filed a petition at the Karnataka High Court to “quash” the investigation ordered by India’s competition watchdog into alleged malpractices by the online marketplace. The American company also sought an interim stay on the probe ordered by Competition Commission of India (CCI) last month while its petition is heard […]
Amazon moves Karnataka HC to quash CCI probe
Illustration: Rahul Awasthi E-commerce major Amazon has filed a petition in the Karnataka High Court to quash an investigation ordered by India’s competition watchdog into the alleged malpractices of the American etailer and its chief rival Flipkart. Amazon also sought an interim stay on the investigation, as per the petition filed, Monday. Amazon said the […]
IndiGo launches Hindi website for flight bookings
IndiGo on Monday started its Hindi website for customers who want to use it as their language of choice for flight bookings. India had 637 million internet users as of March 2019, with Hindi content consumption witnessing a growth of 94 per cent in 2018-19, the low-cost carrier stated in its press release. Over the […]
Enterprise mindsets need to transform for the truly connected world
SPONSORED INTERVIEW Bernd Gross is the chief technology officer of Software AG, having joined the company following its acquisition of Cumulocity, which he founded in 2012 as part of a management buy-out from Nokia Siemens Network. With 25 years of international experience in the IT industry and in management positions, including in the UK, Finland […]
Buying from foreign ecommerce sites may get costlier
The government may consider introducing a prepaid tax and customs model for cross-border transactions, a move that could make buying products from foreign ecommerce platforms costlier. Chinese and other foreign ecommerce platforms, while shipping products to Indian customers, would have to pay the tax and customs duty through a government IT system and can only […]