Day: September 12, 2020

TikTok chief Kevin Mayer quits in wake of Trump ban threat

Earlier this thirty day period, the US president signed an govt get to block TikTok if ByteDance did not close the app’s US operations by the center of September. A week later, he issued a different get offering ByteDance ninety times to comprehensive the deal.

In June, the enterprise was also on the getting close of a ban from the Indian government after it blocked 59 Chinese apps following a border clash among India and China.

Mayer wrote to the Indian government expressing Beijing had never requested user info, nor would TikTok flip it in excess of if asked.


Read More

Reliance’s dream run in the market has equity mutual funds worried

The scorching rally in Reliance Industries Ltd.’s shares is becoming a problem for India’s fairness mutual cash.

The stock has additional than doubled from a March low, many thanks to Chairman Mukesh Ambani’s fundraising blitz. The run up has enhanced the company’s weighting in the S&P BSE Sensex to seventeen.four for every cent, from eleven for every cent at the conclusion of 2019.

Money professionals have strike a regulatory wall due to the fact of the surge. They simply cannot buy additional of India’s most valuable firm as actively-run strategies are not permitted to own additional than ten for every

Read More

Miss flying? Singapore is planning to start flights that go nowhere

Resources informed The Straits Occasions that the airlines is working to launch the ‘flight to nowhere’ choice for domestic travellers by October-conclude.

The flight duration is predicted to be a few hrs.

Resources informed Straits Occasions that SIA may perhaps take a look at a partnership with the Singapore Tourism Board to permit interested travellers to partly fork out for

Read More

Coronavirus LIVE: India cases at 4,659,984; Odisha tally nears 150,000

Coronavirus update: India has recorded its biggest 24-hour spike of 97,654 coronavirus cases. With this, India’s tally has surged to 4,657,379. Loss of life toll currently stands at seventy seven,506. In the past 7 times, India has recorded 636,889 Covid cases. Just after report everyday spike of 248,86 cases, Maharashtra’s Covid tally crosses one-million mark. Kerala’s full amount of coronavirus cases has surpassed a hundred,000 and Uttar Pradesh’s tally is nearing three hundred,000. Delhi described 4,266 fresh corona cases, having tally to around 209,000. Sixty per cent of the everyday new Covid-19 recoveries in India are from Maharashtra, Tamil Nadu,
Read More

Tax Google, Facebook as telecom companies? Spain considering new law

Spain will seek out to tax all organizations that function telecommunications expert services, this kind of as calls and instantaneous messaging, in accordance to Telecommunications Secretary Roberto Sanchez.

Beneath a new legislation proposed by the govt, “all operators who supply telecommunication expert services without the need of possessing to supply cellphone figures, this kind of as WhatsApp” and Telegram would have to sign-up as telecommunications operators and would be taxed based mostly on income, Sanchez reported in a push convention. Now, only cellphone operators that can supply cellphone figures want to indicator up as telecom operators, he reported.

Beneath the

Read More