This is an extension of Mastercard’s expanded worldwide commitment to financial inclusion. Mastercard has committed an investment of ₹250 crore ($33 million) to help Indian Small & Medium Enterprises (SMEs) which have been hit hard due to their dependence on the cash-economy and disruption of supply chain during the lockdown. The objective is to help […]
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U.K. government consortium involving Bharti wins bid for bankrupt satellite firm OneWeb
Without disclosing the financial details, the statement said the deal will enable OneWeb to complete the construction of a global satellite constellation that will offer enhanced broadband and other services to mobile and fixed terminals in countries across the world. A UK government consortium involving Bharti has won the bid for satellite firm OneWeb, Bharti […]
Emami, HUL spar over ‘Glow & Handsome’ brand name; both claim trademark rights
Emami said it was “although shocked” but not surprised to note HUL’s “unfair business practice which has been prevalent time and again to damage our brand image”. Home-grown FMCG firm Emami on Thursday strongly objected to Hindustan Unilever rebranding its men’s range of skincare product as ‘Glow & Handsome’, threatening legal action while claiming trademark […]
Ola enables in-app ‘tipping’ globally
Through Ola’s new in-app ‘tipping’ functionality, customers can now include a tip as a token of appreciation for their drivers’ for providing a great ride experience Ola, the mobility platform and a ride-hailing company, has rolled out a global feature for customers to reward drivers for going the extra mile to deliver a safe and […]
‘Airline sector was already weak, COVID-19 exposed it’
Industry experts call for structural, regulatory changes With five of India’s six airlines operating with weak balance sheets that are compounding their problems in the time of COVID-19, industry experts have called for immediate structural and regulatory changes that could reverse their fortunes. They were speaking at a webinar organised by leading aviation consulting firm […]
Gautam Adani sees COVID-19 as opportunity for faster transition to clean energy
Adani said the price of solar modules has dropped 99% over the past 40 years. Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new and faster transition to a low-carbon future as he expects the price of solar modules to drop further. […]
40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report
The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75% Around 40% companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a […]
Auto industry will take a long time to recover: Bosch MD
Soumitra Bhattacharya said the industry had regressed by three to four years due to the slowdown in the economy and COVID-19 had further pushed it back by 1.5 to 2 years. The pandemic has brought the global auto industry, which was already suffering a slowdown since 2018, to a complete standstill and the recovery will […]
Mahindra launches ‘Own-Online’ platform for purchasing vehicles
The four-step process seeks to offer transparent, seamless and contactless experience from vehicle selection to delivery Mahindra & Mahindra Ltd. (M&M) has launched ‘Own-Online’, an end to end, online vehicle ownership solution for its customers. Own-Online has been designed to offer a transparent, seamless and contactless experience from vehicle selection to delivery, the company said. […]
COVID-19 to help accelerate e-com adoption
Online sales will breach double-digit mark in the next 12-18 months: IBM The coronavirus (COVID-19) pandemic could accelerate the adoption of e-commerce in the country, with online sales accounting for over 10% of Indian retail sales in the next 12-18 month period, from 5% currently. “Demonetisation accelerated the adoption of digital payment in India and […]