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.
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
RBI mandated foreign payment firms to store their payments data only in India to allow supervision.
UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.
Mastercard has started storing all its new payments transaction data at its technology centre in Pune.
In a letter to Modi, US senators urged India to instead adopt a “light touch” regulatory framework.
The RBI in April said all payments data should within 6 months be stored only in the country.
TheReserve Bank of India in April said all payments data should within six months be stored only in the country for “unfettered supervisory access”.
The tech giants say that data localisation will undermine their growth ambitions in India.
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
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
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.
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
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
The RBI in April said the payment ecosystem in India had “expanded considerably”, making it necessary to ensure “the safety and security” of data.
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
The project will be run by the Indian Public Library Movement, a Nasscom Foundation's initiative in collaboration with the Bill & Melinda Gates Foundation.
Wearable device maker Fitbit on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment,
Mobile wallet companies like Paytm and MobiKwik have witnessed significant growth in number of users as well as volume of transactions on their platforms.
Leading global payments company Mastercard is working closely with the Indian government and industry to drive low-cost payment technologies.