Mega millions

Flipkart, a homegrown e-commerce marketplace, said it has witnessed a strong customer adoption of its 'Pay Later' facility with a user base doubling to over six million in the last seven months. Dheeraj Aneja, SVP & Head – Fintech and Payments Group, Flipkart, said, “As per research, the Buy Now Pay Later (BNPL) market will grow 10x over the next five years, surpassing $40 billion by 2026. Interestingly, 45% of customers prefer to make purchases with BNPL options even if they have a credit card owing to the convenience that BNPL provides.’‘ ‘Flipkart Pay Later’ offered affordability as well as a seamless and convenient shopping experience to customers and was witnessing an upward trend in monthly sign-ups, claimed the e-tailer. The payment option currently processes more than 3 million transactions monthly for Flipkart and 90% of which come from its repeat customers. Flipkart Pay Later facility provides credit up to ₹1 lakh, depending on the customer’s credit profile. … [Read more...] about Flipkart’s ‘Pay Later’ doubles customer base to over 6 million in 7 months

A drug to help millions of women suffering with an uncontrollable urge to urinate could soon be available over-the-counter in the UK. Experts say overactive bladder (OAB) can have a dramatic effect on a person's quality of life - impacting their work, personal relationships and mental health. Women who struggle with the constant "urge to pee" are now being asked for their opinions before officials decide whether to roll out the medication without a prescription . The Medicines and Healthcare products Regulatory Agency (MHRA) are also asking Pharmacists, GPs, and other healthcare professionals for their input. The medication that could be on offer is Aquiette, a tablet which treats the constant need to urinate during the day and through the night, the Daily Record reports. According to the NHS , the cause of OAB is relatively unknown - but around 12% of the total adult population suffer with it. The medication - Aquiette - will be available over the counter ( … [Read more...] about Drug to help millions suffering ‘urge to pee’ could soon be available in UK

The CEO of Abbott Nutrition, the biggest supplier of baby formula in the U.S., has outlined six steps the company is taking to fix the nationwide shortage. Robert Ford , Abbot's chairman and CEO, apologized for the company's role in exacerbating the shortage an op-ed for The Washington Post. "The past few months have distressed us as they have you, and so I want to say: We're sorry to every family we've let down since our voluntary recall exacerbated our nation's baby formula shortage," he wrote. "I have high expectations of this company, and we fell short of them." Abbott's formula plant in Sturgis, Michigan—the largest in the country—has been closed since February after four babies who consumed powdered formula made at the plant were hospitalized with a rare bacterial infection and two died. The company's recall compounded supply chain disruptions related to the coronavirus pandemic, leaving many parents scrambling to source formula products to feed their infants. … [Read more...] about Abbott CEO outlines six steps to end baby formula crisis

The Election Commission of India on Friday announced the dates for the upcoming Bihar Assembly elections. The election will be held in three phases — Oct. 28, Nov 3 and 7 — while the counting of votes will be on November 10. The term of the 243-member Bihar legislative assembly ends on November 29. For the first time, the Commission is extending postal ballot facility to people aged over 85 years, as well as to COVID-19 suspects and patients. Here are the live updates: 1.14 pm Phase 3 Issue of Notifications October 13 Last Date of making nominations October 20 Scrutiny of nominations October 21 Last date for withdrawal of candidatures October 23 Date of Poll November 7 Counting of Votes November 10 1.13 pm Phase 2 Issue of Notifications October 9 Last Date of making nominations October 16 Scrutiny of nominations October 17 Last date for withdrawal of candidatures October 19 Date of Poll November 3 … [Read more...] about Bihar elections in three-phases from October 28; counting on Nov.10

Bosch Ltd. said it was working towards pilot deployment of hydrogen-based vehicles by 2025-26 in India. “We as a country are not going to lag behind any of the advanced countries in the deployment of hydrogen-based vehicles,” Guruprasad Mudlapur, Joint MD and Chief Technology Officer of the engineering, automotive components and technology firm said while addressing the media on Thursday. “We should start to see some pilot deployments by 2025-’26 timeframe,” he added. Bosch recently said it would invest €500 million globally in this area to develop components for hydrogen electrolysis. Speaking on the occasion, Soumitra Bhattacharya, managing director, Bosch Ltd. and president, Bosch Group, India, said hydrogen was an area on which his company was focussing. “Electrolysers help convert water into hydrogen. We were not doing that before, but we will now start doing that. So, we get into that aspect as well,” said Mr. Mudlapur. According to him, Bosch already had had a full … [Read more...] about India will see pilot deployments of hydrogen vehicles by 2025-26: Bosch

The proposed manufacturing plants of Maurti Suzuki and Suzuki Motorcycle at Industrial Model Township in Sonipat’s Kharkhoda will entail an estimated investment of ₹20,000 crore and generate about 13,000 direct jobs. An agreement and land allotment letter were signed by the Haryana government with the two companies on Thursday to mark Maruti Suzuki’s four-decade old association with the State. Spread across 800 acres, the proposed Maruti Suzuki plant will be the company’s largest single manufacturing site in the country involving total investment of about ₹18,000 crore. Kenichi Ayukawa, executive vice-chairman, Maruti Suzuki, said the company would start construction work on the car manufacturing plant immediately. “With the support of the State government, the first plant, with an annual capacity of 2.5 lakh vehicles, is expected to be commissioned within 2025. The Phase-I of the project will have an investment of about ₹11,000 crore,” he added. The site will have space for … [Read more...] about Maruti and Suzuki’s projects in Haryana will involve ₹20,000 crore investment

Planto, a Hong Kong-based online banking solutions provider, has partnered with Cogo, a New Zealand-headquartered carbon footprint tracking fintech firm, to develop a software for the city’s banks that encourages consumers and small businesses to cut their greenhouse gas emissions. The carbon footprint calculator that they have jointly developed will allow consumers and small businesses to see the carbon emissions associated with their daily spending or operations, and give them suggestions on how to lower their impact, executives told the Post . “People care more and want to know more about sustainability, but they don’t know what actions they can take to reduce their footprint. Our software is an enabler, at no cost to [consumers], to understand what their footprint is and what are some ways that they can take to [reduce] it,” said Julie Lindenberg, Cogo’s CEO in the Asia-Pacific region . Do you have questions about the biggest topics and trends from around the world? … [Read more...] about Hong Kong’s Planto ties up with New Zealand fintech firm Cogo to create awareness about sustainability, launch carbon footprint

JAKARTA, May 22 (Reuters): Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export. President Joko Widodo's government has made several reversals on palm oil policy since November. The late-April export ban, an attempt to control high domestic cooking oil prices, shocked global edible oil markets and angered farmers as their product prices fell. Palm oil, used in everything from margarine to shampoo, comprises a third of the world's vegetable oil market, with Indonesia accounting for about 60% of supply. Jokowi, as the president is popularly known, said on Thursday the three-week-old ban would end next week, even though the price of bulk cooking oil remains well above the government's target of 14,000 rupiah (96 U.S. cents) per litre. Economy minister Airlangga Hartarto said on Friday the government will impose a Domestic Market Obligation (DMO) … [Read more...] about Indonesia to reimpose local palm oil sales rule as it ends export ban

SINGAPORE, May 22 (The Straits Times/ANN): At least 10 people have fallen prey to banking-related phishing scams in May, losing more than S$70,000 (RM223,000). The police issued an advisory on Sunday (May 22) warning the public of an increase in phishing scams where scammers impersonate bank staff and target victims through phone calls or SMS messages. In one of these scams, people would receive phone calls from callers pretending to be bank employees. Victims would be told by the callers that their bank cards may have been compromised. They would ask for the victims' bank account information to enable them to resolve the matter. After the victims provided their bank account numbers, they would receive one-time passwords (OTPs) on their mobile phones. The callers would then ask the victims for the OTPs. In another scam variant, victims would receive an SMS message stating that there were issues with their credit or debit cards, and that they should dial the number included in … [Read more...] about Singapore police warn of banking-related phishing scams after 10 people lose over S$70,000 (RM223,000)

Life is nothing if not diverse! And so is the world around us. From the thick, all-encompassing worldly banyan trees to the thin films of algae that floats on water surfaces, from the gorgeous, speckled butterflies to the slimy brown bugs that feast on garbage, all this and more fills up our life and the planet that we live on. And the numbers can be mind-boggling. India, for instance, is home to more than 45,000 species of plants and 91,000 species of animals. In just one spoonful of soil, close to 1 billion bacteria thrive. Each of these organisms is distinct and utterly unique, and we need every one of them to survive. The Web of Life Our whole planet is connected through invisible threads. Let the bees disappear, and we lose one out of every three bites of food that we eat. Chop the trees, and we lose clean air, the topsoil and are susceptible to water scarcity. As it is, our mindless, endless activity has already altered almost 75% of the earth’s surface, squeezing wildlife … [Read more...] about Why Community is Key to Making Biodiversity Conservation a Long-Term Success