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Paytm founder Vijay Shekhar Sharma (left) and PhonePe founder Sameer Nigam A host of things can trigger bitter rivalry between top fintech companies. These include – apart from market share – the creation of slicker apps, developing better credit algorithms, hiring the best talent, or winning the most important licences. Fintech unicorns Paytm, PhonePe and BharatPe are now competing fiercely on another front: Deploying more speaker devices in stores that announce receipt of payments made through their apps. Picture this. A shopkeeper is catering to several customers. Some pay cash and others use payment apps to scan the now ubiquitous quick response (QR) code pasted on the front desk. The busy merchant barely manages a glance at the message on their mobile phone screens confirming payment and they leave. Later, the merchant discovers the payment did not reach his account. And he realises that he was duped – the mobile screen message confirming completion of the payment … [Read more...] about Paytm vs PhonePe: Merchant sound device may be at heart of feud

The first week of July saw the Indian share markets ending on a strong note. This was due to crude prices softening which in turn helped ease the worries of inflation. Crude oil prices fell and saw a slippage of under US$ 100 per barrel as the fear of a potential global economic recession loomed, stirring concerns for oil demand. The banking stocks were another reason for the Benchmark indices ending on a positive note. The second week of July saw the Indian share markets lose their gains due to fears that the US Federal Reserve would step forward with more aggressive rate hikes due to the soaring inflation. Prospects of more rate hikes by the Reserve Bank of India were also projected due to strong domestic inflation. The third week of July saw Indian share markets ending positively. Although the week ended positively, some volatility was seen in the markets due to weak global cues. Furthermore, investor sentiments were lifted as FIIs seemed to return to the Indian markets. This was … [Read more...] about Most Bought smallcases for July 2022

This article first appeared in The Edge Malaysia Weekly, on August 8, 2022 - August 14, 2022. - A + A THE recent increase in water tariffs for non-domestic users this year will only partially defray burgeoning operational costs and capital expenditures (capex), says Pengurusan Air Selangor Sdn Bhd (Air Selangor), which insists a further tariff review is essential to its long-term sustainability. The sole water operator for Selangor, Kuala Lumpur and Putrajaya says it is crucial for water tariffs to be periodically reviewed by Suruhanjaya Perkhidmatan Air Negara (SPAN) and set at a level that can sustain its operations over the long term. “As a water operator, Air Selangor needs stable and consistent capex investments to develop new water treatment plants to meet increasing demand, lay new pipes and replace old and ageing pipes. “Air Selangor’s financial sustainability remains highly dependent on water tariffs. The current tariffs are insufficient for us … [Read more...] about To sustain its operations, Air Selangor insists periodical tariff reviews needed

Share to Twitter Share to Linkedin The use of synthetic marijuana is on the rise for kids in the US. The “benefits” of the synthetic form are that less drug can produce a stronger high, and it doesn’t show up in most routine lab tests, which makes it doubly attractive to kids. But with increased potency comes increased risk of serious effects. And they may be long-term, based on what we know about the developing brain. Hospitals are seeing more and more cases of synthetic pot intoxication, and poison control centers are receiving escalating numbers of calls about the drug. Synthetic pot also goes by “K2,” “Spice,” “Aroma,” “Mr. Smiley,” “Zohai,” “Eclipse,” “Black Mamba,” “Red X Dawn,” “Blaze,” and “Dream.” Until fairly recently it was still available at convenience stores and gas stations, and only became a controlled substance in February of this year.  Three emergency room doctors at a Washington , DC hospital discuss the cases of three … [Read more...] about Synthetic Marijuana On The Rise, Sending Kids To ER

(CNN) The House of Representatives voted Friday to pass Democrats' $750 billion health care, energy and climate bill, in a significant victory for President Joe Biden and his party. The final vote was 220-207, along party lines. Four Republicans did not vote. Now that the Democratic-controlled House has approved the bill, it will next go to Biden to be signed into law. Final passage of the bill marks a milestone for Democrats and gives the party a chance to achieve long-sought policy objectives ahead of the upcoming midterm elections. It comes at a critical time as Democrats are fighting to retain control of narrow majorities in Congress. The sweeping bill -- named the Inflation Reduction Act -- would represent the largest climate investment in US history and make major changes to health policy by giving Medicare the power for the first time to negotiate the prices of certain prescription drugs and extending expiring health care subsidies for … [Read more...] about House passes Democrats’ health care and climate bill, clearing measure for Biden’s signature

- A + A KUALA LUMPUR (Aug 15): Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has selected the Airbus A330neo aircraft as part of the flag carrier’s medium-haul fleet renewal programme. Powered by the latest Rolls-Royce Trent 7000 engines, the 20 A330neo planes will join the carrier’s fleet of six long range A350-900s and gradually replace its 21 A330ceo aircraft, MAG said in a statement. Malaysia Airlines will operate the A330neo aircraft on its network covering Asia, the Pacific and the Middle East, said MAG, adding that the carrier will configure the A330neo fleet with a premium layout seating 300 passengers in two classes. MAG made the announcement at an event in the capital, attended by its chief executive officer Izham Ismail and Airbus chief commercial officer and head of international Christian Scherer. The group on Monday (Aug 15) signed memorandums of understanding for the purchase of 10 A330neo aircraft from Airbus and the … [Read more...] about Malaysia Airlines to acquire 20 A330neos for widebody fleet renewal

Top Performers July started off by ending on a positive note with crude oil prices facing a slippage. The banking stocks also played an important role in leading the markets up. The second week of July saw the Indian share markets lose their gains due to fears that the US Federal Reserve would step forward with more aggressive rate hikes because of the soaring inflation. It was also projected that the Reserve Bank of India would hike rates due to strong domestic inflation. The third week of July saw Indian share markets ending positively. The week cruised through the volatility faced by the markets due to weak global cues. Furthermore, investor sentiments were lifted as FIIs seemed to return to the Indian markets. In the final week of July, Indian share markets ended on a strong positive note. This was due to index heavyweight stocks being rallied and the fact that investors were relieved by Jerome Powell’s comments on recession. Smallcases are model portfolios of stocks/ETFs … [Read more...] about Top Performing smallcases of July 2022

Share to Twitter Share to Linkedin Harmful exposure to synthetic cannabinoids occurs less in those U.S. states where adult-use cannabis is legal, according to a new study that shows some potential public health benefits to legalizing adult-use cannabis. Researchers who published a study in the Journal of Clinical Toxicology last week found that adult-use cannabis legalization has benefits in reducing both motivations and harms associated with the use of synthetic cannabinoid products. They estimated that synthetic cannabinoids are used by 0.2–4% of the U.S. population, predominantly by young people. In order to analyze the impact of the use of synthetic cannabinoids on the U.S. population , researchers have associated 7,600 reports of exposure to synthetic cannabinoid poisoning taken from the National Poison Data System (NPDS) data from 2016 to 2019 with cannabis state cannabis laws. The findings show that exposure to synthetic cannabinoids … [Read more...] about Adult-Use Cannabis Legalization Reduces Use Of Synthetic Cannabinoids, New Study Finds

- A + A SINGAPORE (Aug 15): With high natural gas prices showing no signs of abating and supplies becoming harder to obtain, cheaper and dirtier alternatives to the fuel are looking increasingly tempting for energy-hungry buyers. Liquefied natural gas (LNG) prices in Asia are now near US$50 (RM222.94) per million British thermal units. On an energy-equivalent basis, gas was at about double the price of diesel as of Friday, with high-sulfur fuel oil (HSFO) and coal cheaper still, according to data from S&P Global Commodity Insights. In Europe, the situation is similar, with natural gas at around US$60, at least triple the price of HSFO and propane, according to energy consultancy FGE. Natural gas has become the hottest commodity as Russia, a crucial source of piped gas to Europe and LNG to Asia, maintains a stranglehold on supplies amid a global energy crunch. There is not enough to go around, and the situation is expected to worsen with the approach of … [Read more...] about World embraces dirtier fuels as gas hits exorbitant heights

This article first appeared in City & Country, The Edge Malaysia Weekly, on August 8, 2022 - August 14, 2022. From left: City & Country editor E Jacqui Chan, Ichiro, Ho, Tay, Au, The Edge Malaysia chief commercial officer Sharon Teh and EdgeProp Malaysia managing director Alvin Ong at the sponsors’ meet on Aug 2 (Photo by Low Yen Yeing/The Edge) - A + A Launched in 2017, The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) recognise real estate that is sustainable and managed with excellence. Initially organised by EdgeProp Malaysia, it was decided this year that BMSPA would be hosted by The Edge Malaysia in a move to step up efforts to promote the awards and its objectives. The awards, the first of their kind, aim to raise the bar on property management practices and sustainable real estate in Malaysia, benchmarking them against the best in class globally. This year’s sponsors are Nippon Paint Malaysia and Panasonic … [Read more...] about Nippon Paint and Panasonic partner The Edge for BMSPA 2022