India will be the fastest growing duty-free retail market for the next seven years as private players start operating shops in airports. By 2025, India will enter the list of top 10 duty-free markets as the cumulative revenues quadruple.
Amid the raging controversy over film Padmavati, an education officer in Madhya Pradesh’s Dewas district has issued a circular banning a song from the period drama from being played at cultural programmes in schools.
However, the district collector ordered for withdrawal of the circular with immediate effect and said a show cause notice was being served to the officer concerned to explain his action.
A large contingent of global producers, film studios, broadcasters, distributors, content acquisition heads and financiers of entertainment shows for kids and general audience has descended on Bangalore last week end.
In e-commerce, transactions representing five per cent of the total Gross Merchandise Value is fraudulent. Almost half of online retail consumers have experienced some fraud directly or indirectly. India stands amongst the top four countries in the Asia Pacific region in terms of highest digital adoption, digital banking account sign-up and utilisation. The fast pace at which digital adoption has happened also has seen rise in digital frauds, finds global information services company Experian, in its Asia Pacific Fraud Insights report.
Uber has said that hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year.
Two members of the Uber information security team who "led the response" that included not alerting users that their data was breached were let go from the San Francisco-based company effective on Tuesday, according to chief executive Dara Khosrowshahi.
Stolen files included names, email addresses, and mobile phone numbers for riders, and the names and driver license information of some 600,000 drivers, according to Uber.
Companies and recruitment agencies are fast adopting technology-driven processes in hiring to increase efficiencies. But it seems, it has not gone well with the candidates. A recent survey finds that majority candidates find it frustrating when machine takes over man.
Hailing an Uber in India is a whole different game. Addresses are non-existent or rarely useful, while most people are using older smartphones in a place with limited mobile-data speeds.
Are US tech giants the new robber barons of the 21st century, banking billions in profit while short-changing the public by paying only a pittance in tax? With public coffers still strained years after the worst of the debt crisis, EU leaders have agreed to tackle the question.
Tax rules today are designed for yesterday's economy when US multinationals — such as General Motors, IBM or McDonald's — entered countries loudly, with new factories, jobs and more taxes for the taking.
Canada has expressed concern over the 50 per cent levy imposed on import of yellow peas. It has taken up the matter with India, as it fears the move will depress global pulses prices. Yellow peas had the largest share of 48 per cent in India’s pulses import basket of 6.6 million tonnes in 2016-17. Canada is the biggest supplier of yellow peas with a 55 per cent share, followed by Russia with 10 per cent.
India on November 8 had imposed import duty on yellow peas at 50 per cent, which was bought duty-free earlier.
Facebook has a fake news problem. Google has an evil unicorn problem. “Evil unicorns” — a term some Google engineers once coined, according to a former executive — are unverified posts on obscure topics, full of lies. They pop up from time to time on the web and find their way into Google's search results. In an ideal world, Google’s search algorithm should force these fake, pernicious creatures so low in search results that they are buried deep in the web where few can find them.