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WhatsApp’s push for digital payments: CEO Chris Daniels writes to RBI, seeks permission for new feature

WhatsApp’s push for digital payments: CEO Chris Daniels writes to RBI, seeks permission for new feature

Aiming to launch its digital payments service in India, WhatsApp’s CEO Chris Daniels has written to RBI governor Urjit Patel, urging him to allow the company to roll out the service as it has met all the requisite norms.

At present, the Facebook-owned company is running a pilot for the service – WhatsApp Payments, with close to 1 million users. It initiated the process for launching the service in India around 2016.

World AIDS Day: What people need more than just treatment and medication

World AIDS Day: What people need more than just treatment and medication

The government has run several programmes, hundreds of NGOs have created awareness about HIV/AIDS, yet there remains a significant gap when it comes to people living with HIV (PLHIV) getting the right treatment, largely because of the persisting stigma and a lack of knowledge.

On the eve of World AIDS Day, experts said apart from the government it was also up to the PLHIV themselves to tell their stories to encourage more number of affected people to come out and receive treatment.

Centre to invite 23GW solar and transmission project in Leh region

Centre to invite 23GW solar and transmission project in Leh region

The BJP-led Centre is reviving mega solar power project in Leh and Ladakh with a plan to set up 23 GW of grid-connected solar power projects. The government would tender mega size solar projects to be built by private developers along with transmission network running up to Punjab.

Earlier the UPA-II government tried setting up 7.5GW solar power project but the plan never saw the light of the day.

Wipro aims to make $150 million from intellectual property this FY

Wipro aims to make $150 million from intellectual property this FY

BENGALURU: Wipro has set a target of $150 million in revenue from its intellectual property (IP) in this financial year, said people aware of the matter. Last year, the Bengaluru-headquartered software services company had clocked a revenue of about $80 million from IP-led business, in keeping with chief executive Abidali Neemuchwala’s strategy to extract more value from the segment, said a person with direct knowledge of the IP business.

Court clears way for R-Com to sell spectrum

Court clears way for R-Com to sell spectrum

The asset monetisation plan of Reliance Communications got a major boost when the Supreme Court on Friday asked the company to submit a corporate guarantee of Rs 1,400 crore to the department of telecommunications (DoT).

The Anil Ambani-company can now proceed with the sale of spectrum to Reliance Jio Infocomm (Jio).

Microsoft’s market value overtakes Apple’s to close out week

Microsoft’s market value overtakes Apple’s to close out week

Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalization at $851.2 billion. Apple shares fell 0.5 percent to $178.58 on the day, adding up to a market value of $847.4 billion.

Analyst Corner: Yes Bank rated ‘Buy’, TP at Rs 320; liquidity profile is stable

Analyst Corner: Yes Bank rated ‘Buy’, TP at Rs 320; liquidity profile is stable

As negative news flow on Yes Bank’s governance issues continue unabated, we ask ourselves as we did with ICICI – Is this time any different? We decide to look at Sir Templeton’s words of wisdom with a twist – and reiterate our Buy stance on YES.

We look to when ICICIBC was in similar predicaments in Apr’18 & Feb’16, being put to the test as negative newsflow led to derating.

Rise of online shopping makes warehouses hot property in India

Rise of online shopping makes warehouses hot property in India

India’s burgeoning logistics sector is gaining favor with property developers and investors, boosted by a growing consumer class’s embrace of online shopping. With the nation’s residential market in the doldrums and good quality office space in short supply, logistics assets are attracting global players such as Brookfield Asset Management Inc, Canada Pension Plan Investment Board and Warburg Pincus LLC.

Mounting liabilities: Government to repay Air India’s Rs 12,000 crore debt

Mounting liabilities: Government to repay Air India’s Rs 12,000 crore debt

Despite fiscal constraints, the Centre is likely to provide Rs 12,200 crore from the Budget — half of it this fiscal and the balance in the next year — to retire 40% of the Rs 30,000-crore working capital debt of Air India. As a precursor to this, the debt — not backed by assets — will be shifted to a special purpose vehicle (SPV).

A step towards autonomous driving? Ericsson, Volvo Cars sign 5-year global deal

A step towards autonomous driving? Ericsson, Volvo Cars sign 5-year global deal

Ericsson has been selected by Volvo Car Group to provide the industrialised Ericsson Connected Vehicle Cloud (CVC) platform to further enable its digital vehicle services in more than 120 markets worldwide for the next five years. Volvo Cars, like other major players in the automotive industry, is increasing focus on securing high-quality connected-vehicle services as digitalisation increases the importance of software services.

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