The Government has drafted new rules to regulate e-commerce. The draft rules have been uploaded on the Department’s website for stakeholders’ consultation. The salient features of the draft e-commerce rules are focussed towards protecting the interests of the consumers before, during and after purchase from e-commerce companies. This information was given in a written reply by the Minister of State for Consumer Affairs, Food & Public Distribution, Shri. Danve Raosaheb Dadarao in Rajya Sabha today.
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Asia biggest growth market for Netflix since 2017
Netflix’s Asia business has been its biggest area of growth after the past three years. Ahead of its Q4 results, the company has filed its 8-K that revealed details on Netflix’s regional businesses. The company will also disclose revenue and membership by region for the first time in this set of results. Though the Asia-Pacific region is its smallest, Netflix saw revenue increase by 152% between Q3 2017 to Q3 2019. Membership grew by 148%. EMEA also saw a smaller percentage of growth, but it is a larger market for…
TV could be ‘centre of smart home’ says Android TV chief
The TV could emerge as the device at the centre of the smart home, according to Shalini Govil-Pai, senior director, Android TV. Shalini Govil-Pai Speaking at IBC yesterday Govil-Pai said that people want to “entertained and educated” on TV, but the TV device can also be used as a way to control smart home devices and play a central role in smart home services. Govil-Pai said that Andorid TV can enable these types of functionality and will facilitate smart home functionality centred on the TV in the future. Voice is…
Cellcom Israel CEO resigns
Cellcom Israel has announced the plans for CEO Nir Sztern to resign after eight years as CEO. It is believed that Sztern is the frontrunner take up the reigns as CEO of Paz Oil, after the energy company’s CEO quit over disagreements with the chairman. The news follows the September resignation of Sholem Lapidot, the CEO of Cellcom’s holding firm Discount Investment Company (DIC). Sztern’s departure date is yet to be confirmed. Cellcom said that its board has nominated a committee to oversee the process of locating and selecting a…
Hong Kong universities become ‘battlefields’
Hong Kong pro-democracy protesters fought intense battles with riot police on a university campus and paralysed the city’s upmarket business district extending one of the most violent stretches of unrest seen in more than five months of political chaos. The confrontations followed a particularly brutal day when police shot a protester and a man was set on fire, prompting calls from western powers for compromise but further fury in China against any challenge to its rule. The city’s universities emerged as a new flashpoint with sustained clashes at major campuses…
Alibaba Singles’ Day sales break past records, touches $30 billion
Chinese retailer Alibaba Group said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4.31 pm (0831 GMT), putting the event on track to set a record in its 11th year. The figure is equivalent to over 80 per cent of US rival Amazon.com’s online store sales in the latest quarter and matches takings across Alibaba’s e-commerce platforms on Singles’ Day last year. Sales growth for the full 24-hour event, however, is likely to fall short of the year earlier, analysts said,…
Google restricts targeted political ads, bans misleading information
Google has been one of the new-age firms that has been under the CCI scanner for its popular Android mobile operating system allegedly blocking its rivals. It is true that the political advertisers can target people online, a decision made after weeks of furious debate over how online platforms handle campaign messages. The Alphabet Inc. unit said it will no longer allow election ads to be targeted based on political affiliation on Google Search, YouTube and across the web. The company is also restricting misinformation and banning doctored media known…
Foreign Minister and Defense Minister of Japan call on Prime Minister
Mr. Toshimitsu Motegi, Minister for Foreign Affairs and Mr. Taro Kono, Minister of Defense of Japan, who are paying a visit to India to attend the inaugural meeting of India-Japan Foreign and Defence Ministerial Dialogue (2+2), called on Prime Minister today. The Prime Minister welcomed the visiting Ministers and expressed his satisfaction at the two sides being able to accomplish this goal set by Prime Minister and Prime Minister Abe during the 13th India-Japan Annual Summit held in Japan in October 2018. The Prime Minister mentioned that the meeting will…
GeM partners with Indian Bank and Canara Bank
Government e-Marketplace (GeM) has signed MoU with Indian Bank and Canara Bank. The MoU will facilitate a cashless, paperless and transparent payment system on the portal and would create an efficient procurement system for government entities. Through this partnership, both the banks will be able to offer an array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG), Earnest Money Deposit (EMD) and Payment Gateway to the registered users on the portal. The MOU with Indian Bank was signed yesterday by S.…
Coal India to produce one billion tonne of coal by 2024
Minister of Coal & Mines, Shri Pralhad Joshi said that the Coal India Limited (CIL) will produce 750 million tonnes of coal by the Financial Year 2020-21 and would further produce one billion tonneof coal in the financial year 2023-24. The Minister announced this target during his address at the 45th Foundation Day of CIL in Kolkata today. The CIL is currentlygiven the target of producing 660 million tonnes of coal amounting to 82% of the country’s coal output. “It is heartening to know that Coal India has planned for…