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Honda to focus on premium products to grow India business

CFO News

The company, which on Thursday introduced an updated version of its mid-size sedan -- City, plans to focus on products which are over Rs 10 lakh price tag powered by petrol and hybrid powertrains. The company, which is present in India through a wholly-owned subsidiary, plans to do away with diesel models in the country.

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Paytm To Sell, Recharge eToll Payment Tags In India 

PYMNTS

Paytm Payments Bank is teaming up with ride-hailing firms — including Ola and Uber — to enable some 100,000 drivers to buy and recharge FASTags at major cities country-wide, DealStreetAsia reported on Sunday (Feb. This latest campaign targets gig economy drivers and follows Paytm’s re-signing of an exclusive payment partnership with Uber. .

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Uber's Kalanick Pours $130M Into Ghost Kitchen Properties

PYMNTS

In making his new ghost kitchens startup CloudKitchens , ex- Uber Co-founder Travis Kalanick has become something of a real estate mogul, buying up 40 properties in two dozen cities, according to The Wall Street Journal. The WSJ analysis linked various limited liability companies to Kalanick's CloudKitchens parent, City Storage Systems.

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

PYMNTS

Miami Mayor Francis Suarez might want to make his city a hub for crypto at the government level, a report from CoinDesk says. He said he wanted the city to be the "vanguard" of innovation for crypto. Suarez has also pushed for Silicon Valley tech experts not happy with California's regulations to move to his city instead.

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Small Town Government, Big Time Cybercrime

PYMNTS

Last month, the city of Riviera Beach, Florida, was crippled by a ransomware attack that led to it paying a hefty sum to recover government systems. I would’ve never dreamed this could’ve happened, especially in a small down like this,” Lake City Mayor Stephen Witt told local CBS News reporters at the time. .

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Badi Rolls Out AI Room Booking App In NY

PYMNTS

As it joins the bevy of firms aiming to change the home rentals market, the artificial intelligence (AI)-powered long-term room rental app Badi has rolled out in New York City. Chief Executive Officer Carlos Pierre said in a statement, “Every major city around the world is suffering from overcrowdedness and increasing rent prices.”.

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Ivalua Launches Gov’t Procurement Tools Amid NYC Debacle

PYMNTS

Enterprise spend management company Ivalua is launching its solution designed for the public sector as criticism mounts over the firm’s contract with New York City. The project began in 2016 with a price tag of $30.5 Critics noted that Ivalua had never before worked in public sector procurement.