American Express

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American Express - Total results - 37
Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
Business

Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks

Berkshire's stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets.

DLF sells 9 acre land to American Express for around Rs 300 cr in New Gurugram
Business

DLF sells 9 acre land to American Express for around Rs 300 cr in New Gurugram

Realty major DLF has sold a 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals in this area, sources said

India to examine concerns of foreign tech companies around rules for storing data locally
News & Analysis

India to examine concerns of foreign tech companies around rules for storing data locally

RBI mandated foreign payment firms to store their payments data only in India to allow supervision.

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report
News & Analysis

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report

UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.

Mastercard to store payments data locally to comply with RBI's regulatory directive
News & Analysis

Mastercard to store payments data locally to comply with RBI's regulatory directive

Mastercard has started storing all its new payments transaction data at its technology centre in Pune.

US senators urge India to soften data localisation stance citing impact on business
News & Analysis

US senators urge India to soften data localisation stance citing impact on business

In a letter to Modi, US senators urged India to instead adopt a “light touch” regulatory framework.

RBI sticking with 15 October date to force payments firms to store data locally
News & Analysis

RBI sticking with 15 October date to force payments firms to store data locally

The RBI in April said all payments data should within 6 months be stored only in the country.

Reserve Bank of India sticking with plan to force payments firms to store data locally, say sources
Business

Reserve Bank of India sticking with plan to force payments firms to store data locally, say sources

TheReserve Bank of India in April said all payments data should within six months be stored only in the country for “unfettered supervisory access”.

Amazon, American Express and Microsoft oppose India's data localisation plans
News & Analysis

Amazon, American Express and Microsoft oppose India's data localisation plans

The tech giants say that data localisation will undermine their growth ambitions in India.

Facebook to deepen links with financial institutions to improve customer service
News & Analysis

Facebook to deepen links with financial institutions to improve customer service

The Wall Street Journal had reported that Facebook had asked banks to share detailed financial information.

E-commerce, social media firms may be asked to store customer data locally; draft policy plan may 'unsettle' industry
Business

E-commerce, social media firms may be asked to store customer data locally; draft policy plan may 'unsettle' industry

It comes at a time when deep-pocketed foreign players are rapidly investing in the e-commerce market, which Morgan Stanley estimates may be worth $200 billion in a decade.

Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms
Business

Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms

Easing the proposal would be a relief for firms including MasterCard, Visa, and American Express, which fear the country's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time when there is heightened scrutiny of how companies globally handle their customers’ data.

Nearly half the Indian population want 'mobile-free' time reveals survey
News & Analysis

Nearly half the Indian population want 'mobile-free' time reveals survey

There is growing interconnectedness around the world, in both personal and work life, the study said

No such thing as a free lunch: Private charity lunch with business magnate Warren Buffett sold for over $3.3 million
World

No such thing as a free lunch: Private charity lunch with business magnate Warren Buffett sold for over $3.3 million

Anonymous bidder offered more than $3.3 million for a private lunch with Warren Buffett to pick the brains of the renowned investor and philanthropist

India is determined to compel global payment firms to store customer data in the country: Report
News & Analysis

India is determined to compel global payment firms to store customer data in the country: Report

The RBI in April said the payment ecosystem in India had “expanded considerably”, making it necessary to ensure “the safety and security” of data.

India stands firm on directive, forcing US payment companies to store data locally: Report
News & Analysis

India stands firm on directive, forcing US payment companies to store data locally: Report

The payment companies are worried India’s data on shoring move could set a precedent and nudge other major governments to implement similar rules at a time when there is heightened scrutiny on how companies globally handle their customers’ data.

Nasscom to train girls to use technology to address gender equality issues and avail government services
News & Analysis

Nasscom to train girls to use technology to address gender equality issues and avail government services

The project will be run by the Indian Public Library Movement, a Nasscom Foundation's initiative in collaboration with the Bill & Melinda Gates Foundation.

Fitbit launches the Ionic smartwatch with contactless payment; takes aim at rivals Apple
News & Analysis

Fitbit launches the Ionic smartwatch with contactless payment; takes aim at rivals Apple

Wearable device maker Fitbit on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment,

MobiKwik looking to raising $100 in funding this year as it heads towards expansion
News & Analysis

MobiKwik looking to raising $100 in funding this year as it heads towards expansion

Mobile wallet companies like Paytm and MobiKwik have witnessed significant growth in number of users as well as volume of transactions on their platforms.

Mastercard and Indian government team up to create low-cost payment technologies
News & Analysis

Mastercard and Indian government team up to create low-cost payment technologies

Leading global payments company Mastercard is working closely with the Indian government and industry to drive low-cost payment technologies.