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Badminton's showpiece Thomas and Uber Cup postponed after coronavirus pull-outs
The men's and women's world team championships had been set to take place in Denmark next month, and would have been the first international tournaments since the pandemic halted badminton in March. But the Badminton World Federation (BWF) said it was not in a position "to deliver the level of competition reasonably expected" after the pull-outs, and the event was being delayed until an as yet undecided date.
Uber's GSS team in India leads map updates across 150 global cities during lockdown
In a statement, Uber said its GSS team has led more than ...
Twitter says about 130 accounts were targeted in cyber attack this week
In its latest statement, Twitter said that the hackers were able to g...
European Union unveils plan to clampdown on aggressive corporate tax planning regimes
EU countries are seeking to shore up public revenues to fund economic recoveries amid a public outcry over tax avoidance by corporations in particular, multinational digital giants and wealthy individuals. EU's executive - said it would expand its tax code of conduct to tackle corporate tax regimes of member states that have broadly harmful effects.
Softbank-backed SB Energy singed; pulls maiden $600 million bond after poor investor demand
This will also arguably be the 1st renewable bond deal out of India that could not get subscribed even though the portfolio consists of largely Solar Energy Corporation of India (SECI) and NTPC projects, said industry analysts.
Indian online grocery market can exceed $3 billion sales in 2020: Sanjiv Goenka
With increased access to smartphones and low data costs, shoppers now prefer an omni-channel shopping experience. Spencers Retail is attractively positioned to capitalise on the omni-channel opportunity. Besides, the retail chain collaborated with Uber and other delivery partners for product supply, strengthening its last-mile capability.
Panel proposes new regulator for non-personal data: Draft report
"There is a need to create a regulator or authority for data business, which provides centralized regulation for all non-personal data exchanges," the government-appointed panel said in the report. Such a regulator would be armed with legal powers to request data, supervise data sharing requests and settle disputes, it added.
E-commerce sales surge for food & grocery retailers in April-June quarter
Leading brick-and-mortar chains such as Reliance Retail, Spencer's Retail, More, Nature's Basket, Tata-owned Star, Big Bazaar and Easy Day strengthened their e-commerce, home delivery or launched store-on-wheels visiting apartment complexes last quarter after consumers visiting stores reduced drastically due to lockdown and restrictions on movement.
US stocks-S&P 500 ends best quarter since 1998 on a high note
Coming off a drop of 20% in the first quarter, the biggest quarterly decline since the financial crisis in the fourth quarter of 2008, the S&P rallied more than 19.95% to notch its biggest quarterly gain since 1998, at the height of the tech boom.
Anxious passengers feel self-driving cars not safe amid coronavirus
While some autonomous cars have started testing, others were shifted toward delivery.
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
India needs to leverage drone lessons from across the globe: Amit Ganjoo
There are plenty of other technologies out there that have the potential to cause far more damage. I worry more about how implementations and frameworks around drones will get fragmented globally, where every nation tries to reinvent the wheel, says Ganjoo.
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
Jio Platforms to raise another Rs 6441.3 crore by selling stakes to TPG, L Catterton
While TPG is set to invest Rs 4,546 cr in Jio for a 0.93% stake, L Catterton will invest Rs 1,894 cr to pick up 0.39%.
TPG to buy 0.9% stake in Jio Platforms for Rs 4,546.80 crore
US Private equity firm TPG is set to invest Rs 4,546.80 crore in Jio Platforms for a 0.93% stake.