Shashank Kanodia, Analyst, ICICI direct said: "Yes certainly, auto numbers in July 2020 signal recovery from COVID-19 induced shock. The recovery however is being led by the rural and semi-urban focussed segments namely tractors and motorcycles. At the retail level for the industry, volumes are back at near 65 percent of pre-COVID levels. Domestic three-wheelers as well as M&HCV segment however are yet to see meaningful recovery." … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
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Most important — although Donahoe won’t come right out and say this — eBay wants every transaction to end with PayPal. “Milo is inventory where you are, and PayPal is paying where you are,” says Sam Shrauger, PayPal’s VP of global product and experience. That Marc Jacobs bag? It would be paid for via PayPal’s Express Checkout. The local Starbucks, which wants to shoot you a dollar for your next Frappuccino when you’re two blocks away? It pops that “cash” into your PayPal account, where it sits until it expires in an hour. That new Canon camera you’re eyeing but aren’t yet ready to purchase? Scan its bar code into your PayPal “wish list” — which PayPal is currently prototyping — “and then, when I walk by a retailer who has that in stock,” says Shrauger, “they make me an offer that’s better than anybody else’s.” … [Read more...] about How Jack Abraham Is Reinventing EBay [Update]
For Bloomberg, there seems to be a jinx in its choice of Indian partners. Its earlier foray in 2010 was with entertainment entrepreneur Ronnie Screwvala, who wanted to set up an English language business channel to compete with the market leader CNBC-TV18. Screwvala, who has sold most of his successful ventures, then morphed the business news JV into BTVi, as it was then known, transferring his stake to industrialist Anil Ambani. BTVi shut down recently after its JV with Bloomberg broke three years ago. … [Read more...] about Exclusive: Bloomberg’s India venture with Raghav Bahl’s Quint all set to collapse
Rajan: We have just come out with a report for the Group of 30, titled, ‘Central Bank Digital Currencies & Stable Coins’, which addresses some of these issues. It actually released on August 4. I have always been of the view that financial innovation should not be shut down. We should allow it to emerge and in some ways we should experiment in a contained fashion. The mistake is to either shut it down or to let it flourish without any control or regulatory structures monitoring it as it could become too big and then you recognise there are lots of problems. So, contained experiment has always been my view. … [Read more...] about Q&A: Raghuram Rajan warns against extending loan moratorium, recalls Andhra Pradesh microfinance crisis