TechCrunch reports that the tech giant chose India as the first market for these new features because of the popularity of Amazon Pay there. Users could already buy things via Alexa, but this is the first time the digital assistant has been able to pay bills. To increase usage, Amazon offers goodies like cash back on some items and discounts on others.
The Federation of Hotel and Restaurant Association of India (FHRAI) said that it supports the logout movement and said that the fact that several city-based and affiliated bodies joining the campaign strongly indicates the pain being felt across the industry. Interestingly, while the Wednesday announcement was aimed at all food aggregators and restaurant discovery platforms, the only company mentioned by name in the press release was the Deepinder Goyal-led Zomato. The two industry bodies also raised the issue of private labels by aggregators, delayed payments and arbitrary change in terms of engagement.
At a panel discussion on the second day of the India Mobile Congress (IMC) on Tuesday (October 15), top executives from the telecom industry stressed on the importance of data localisation and security in relation to the Indian government’s plans on the matter. While Facebook and Amazon have called for clarity over the proposed data rules which they believe would stifle investment in India, Indian companies such as Reliance Jio have backed the government’s plans, as stated in a recent report. Jio president Mathew Oommen stressed upon the localisation of data, backing Reliance Industries Chairman Mukesh Ambani who voiced a similar opinion at the company’s annual general meeting earlier this year.
They are characterised by millions of SMEs with the low capability to efficiently manage their cash flows, credit, necessary compliances and business documentation – all of which are required for them to access capital and maintain financial health to aid in their growth. Neobanks address multiple related needs of customers like centralising their cash flow, enable various banking activities and offer tailor-made products at a single instance, which also helps SMEs in creating a digitised credit history. This interplay creates a classic demand & supply side mismatch leading to low bank credit off-take, reliance on informal loans and very often trigger a vicious cycle.
Moreover, to promote the concept of the cashless economy to the last mile, the government has launched initiatives like — financial support to eligible banks for deployment of POS devices in villages, Rupay Kisan Cards etc. In a letter to the US government, Mastercard complained that PM Modi’s promotion of domestic card network Rupay is hurting foreign payment companies. The letter written by the Mastercard’s vice-president for Global Public Policy, Sahra English stated that the prime minister “associated the use of RuPay cards with nationalism, claiming that it serves as a kind of national service.” Earlier, Modi had endorsed the indigenous card payment network, saying that transaction fees from RuPay stay within India and could help build public infrastructures such as roads, schools and hospitals.
Called VC Cohorts, All Raise is for the first time speaking publicly about how these 12-person subgroups will give their members career guidance and, perhaps more importantly, the ability to share deals. “It’s basically like having 12 coffee chats in one evening,” Impact Capital managing partner Heidi Patel, who helps oversee the VC Cohorts program, tells TechCrunch. During the first VC Cohorts meeting, NEA partner Vanessa Larco found an investor to lead the Series B of one of her existing portfolio companies, an Atlanta identity and credential verification startup called Evident.
The handbook also suggests how schools can train their teachers of grades 6 to 10 to relate to the relevant topics from the curriculum with technologies that AI deploys. Meanwhile, the IBM partnership focuses especially on building the implementation on AI circular among postgraduate teachers and students in Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata and Bhubaneswar. According to an Accenture report, the AI sector has the potential to add $957 Bn to India’s GDP and boost annual growth by 1.3% by 2035.
It enables collaboration between startups, investors, incubators, and aspiring entrepreneurs of both countries and provides them with the requisite resources for market entry and global expansion.Speaking about some of the success stories from the initiative, Mr. Endow cited the instance of NIRAMAI Health Analytix, the startup that innovated a breast cancer screening software that uses machine intelligence over thermal images to enable an affordable radiation-free solution for detecting breast abnormalities in women of all age groups. The company aims to develop inexpensive smartphones at around $45 for markets such as Asia and Africa, specialising in users who do not use games or watch videos, and are satisfied with lighter versions of social networking apps, search and other minimal functions. SagriWinners of the SingularityU Japan Global Impact Challenge 2019, Sagri is smart agriculture collaborative platform that empowers farmers to improve their yields and get micro-financing at