The SEC voted to propose amendments designed to simplify and enhance certain company financial disclosures and issued guidance on key performance indicators and metrics in management’s discussion and analysis (MD&A). Item 301 (selected financial data) and Item 302 (supplementary financial data) would be eliminated from Regulation S-K under the proposal. Meanwhile, Item 303 would be […]
Archives for 2020
Ola plans to launch operations in London
Homegrown ride-hailing app Ola plans to launch operations in London on 10th February, a key market for the firm outside India. In July last year, Ola was granted a one-year Private Hire Vehicle (PHV) license from the Transport of London, the government body that oversees the cities’ transportation, to operate its services in the city, […]
What’s the True Impact of California’s New IoT Law?
While there are a few specifics that IoT manufacturers will have to adhere to, the remainder of the law is a bit fuzzy in terms of consequences. When California Senate bill 327 passed in 2019, many hailed it as a major victory for the field of IoT device and data protection for not only California, but […]
Digital Innovation is Everywhere
Here are 6 digital innovation technologies and how they could be deployed in various markets. It’s not just about the customers. Image: peshkova – stockadobe.com Businesses are increasingly betting on digitization to win in the marketplace. A Gartner survey found that 67% of business leaders believed they would no longer be competitive if they weren’t […]
Amazon to invest $1 billion to digitise MSMEs in India
Amazon has reiterated its pledge to invest $1 billion to digitise 10 million traders and micro, medium and small enterprises (MSMEs) in India. The US-based ecommerce behemoth said the investment will enable $10 billion in cumulative exports from the country by 2025, a goal announced by CEO Jeff Bezos during his visit to India earlier […]
Sanders surges, Biden plateaus in latest NBC/WSJ poll of 2020 Democratic primary voters
Sen. Bernie Sanders holds a campaign rally in Detroit, October 27, 2019. Rebecca Cook | Reuters Bernie Sanders has jumped into a virtual tie with Joe Biden nationally just before the first nominating contests in the 2020 Democratic presidential primary, according to an NBC News/Wall Street Journal poll released Friday. The Vermont senator has the […]
Asia’s U.S. oil imports to rebound in May after freight rates drop -sources
SINGAPORE (Reuters) – Asia’s crude oil imports from the United States are set to rebound in May after freight rates for ships to carry U.S. crude to north Asia fell by 27% from a week earlier, trade and shipping sources said on Friday. A rise in Asia’s oil imports from the United States could displace […]
Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%
Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years. Shares soared as much as 13% in after-hours trade, putting the online retailer back in the $1 trillion (761 […]
Tax social media giants, ecommerce firms: SJM
The Swadeshi Jagran Manch (SJM) has strongly recommended that the Centre bring foreign-run social media giants, ecommerce companies, giant foreign software companies and large taxi and travel aggregators under the tax net in the upcoming Budget, to meet its revenue shortfall. SJM is an influential RSS affiliate whose imprint is increasingly found on a number […]
Facebook to pay $550 million in biometric privacy accord
Facebook will pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in US history, according to a statement on Wednesday by lawyers for consumers. The accord, which requires a judge’s approval, will avert a trial that may have exposed the social networking company […]