 |
Paytm to pass on the Merchant Discount Rate (MDR) charges to consumers |
| |
Source: The Economic Times, July 1, 2019.
|
| |
Paytm plans to start passing on the Merchant Discount Rate (MDR) charges to consumers which will increase transaction costs on Paytm from July 1, 2019. The MDR charge amounts to 1% on payments through credit cards, 0.9% for debit cards and up to INR 12-15 for transactions by net banking and the Unified Payments Interface. Since its inception, Paytm hasn’t been charging extra for payments made through its platform. |
| |
Our Case |
| |
To know more about Paytm, read our case study: |
| |
“Paytm: Pioneering Cashless Transactions in India” |
|
Jaguar Land Rover Looks to Build on Ten Years of Operations in India |
| |
Source: Devdiscourse, June 28, 2019 |
| |
Tata Motors-owned Jaguar Land Rover (JLR) is looking forward to further accelerate its business in India by building on the foundation laid in the last ten years. JLR is manufacturing six vehicles out of the 11 models at its Pune facility and it intends to do more local manufacturing based on the market growth of the luxury vehicles in the country. |
| |
Our Case |
| |
To know about JLR’s acquisition by Tata Motors, issues, challenges and its turnaround, read our case study: |
| |
“Tata Motors’s Jaguar Land Rover Turnaround Strategy” |
|
Tesco Partners with Trigo Vision to Develop Checkout-free Technology |
| |
Source: Telegraph Media Group Limited, June 26, 2019 |
| |
Tesco Plc announced its partnership with Trigo Vision Ltd., an Israeli software startup company, to develop technology which could allow artificial intelligence powered sensors and cameras mounted on shelves to detect and charge shoppers automatically for their shopping as they leave the store. Through some cashierless stores, Tesco aims to stay in fight against competition from e-commerce giant Amazon. |
| |
Our Case |
| |
To know about Tesco’s other digital transformation initiatives, read our case study: |
| |
“TESCO’s Digital Transformation” |
|
Bitcoin Surges $12,000 Mark for the First Time Since January 2018 |
| |
Source: The Economic Times, June 26, 2019 |
| |
Bitcoin prices have beaten $12,000 level mark for the first time since January 2018. Buyers’ interest in the cryptocurrency has risen after Facebook launched its own digital unit Libra, a new global currency powered by blockchain technology. |
| |
Our Case |
| |
To know more about Bitcoin, read our case studies: |
| |
“Bitcoin: A Disruptive Innovation or a Bubble Set to Burst?” |
| |
“Bitcoin: Can It Become An Alternate Currency?” |
|
OYO China Plans Job Cuts |
| |
Source: Pandaily, June 25, 2019 |
| |
India’ leading hospitality company OYO announced plans to cut more than 1,000 jobs in China as part of its reorganization strategy. OYO commented on the lay-off plan saying that its corporate management culture is performance-oriented, data-driven, and excellent and will not tolerate continuous performance failure. |
| |
Our Case |
| |
To know about OYO’s entry, growth, expansion and the challenges in China, read our case study: |
| |
“OYO Rooms in China: Scaling the Great Wall” |
|
Facebook to Face Lawsuit over Massive 29 million-user Data Breach |
| |
Source: Threatpost, June 24, 2019 |
| |
The world’s largest social media network Facebook lost court ruling last week over the massive 2018 data breach and now it has to face a lawsuit. Facebook had disclosed its data breach in September 2018 which impacted about 29 million-user accounts which led some Facebook users file class-action lawsuit in a San Francisco appeals court. Facebook could also face a penalty as much as $5 billion after Federal Trade Commission (FTC) investigation into its data-security practices on the heels of its 2018 Cambridge Analytica scandal. |
| |
Our Case |
| |
To know more about Facebook’s 2018 Cambridge Analytica data breach, read our case study: |
| |
“Facebook–Cambridge Analytica Data Scandal” |
+91- 9640901313