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Flipkart Ups Its Offer For Snapdeal

PYMNTS

Flipkart, the Indian eCommerce company moved to raise its offer of to up to $950 million for Snapdeal, boosting the chances of the deal going through. A previous Reuters report pegged the price tag for the deal at between $800 million and $850 million, which Snapdeal’s board rejected. Snapdeal employs 1,500, noted the report.

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

Amazon Mulls Registering Services as Separate Entities in India. The services are not currently registered as distinct entities, although they are provided to users in the nation. Amazon is reportedly considering registering a portion of its entities, like Amazon Music, Audible and Prime Video, in India, CNBC TV18 reported.

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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

PYMNTS

billion Indians can’t access pre-existing digital payment systems,” he told PYMNTS, “and fewer still can access the evolving developments or leading technologies which make payments easier.”. FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE).

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Bitcoin For Night Owls

PYMNTS

Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. Purse And Unocoin Want A Piece Of Amazon’s Indian Pie. Amazon is set to become the eCommerce leader in India, and bitcoin companies are keen to tag along for the ride. The price of bitcoin reached $607.31

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Why It Pays To Break A 108-Year-Old Curse

PYMNTS

The Cubs defeated the Cleveland Indians 8-7 after undergoing a gut-wrenching 10-inning ball game to clench the title of MLB World Series Champions. 3), both ride-hailing services had surge pricing, with Uber charging 1.5 It happened. They won the World Series. Last year, Forbes reported that the Cubs brought in $50.8

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

JOHNSON: So I spent a year, my father said to me, “Look, if you’re going to be in the financial services business you should probably work in New York.” Otherwise, the West Coast, if you were in the financial services business, it was rough life. RITHOLTZ: It’s great to have you. JOHNSON: It was Franklin.

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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The new TDS will apply to the gross amounts charged for sales or services done through eCommerce operators, indicating that platform firms are the intended payors (in addition to the firms on the platforms). The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.