Business activity in the US service sector fell last month for the first time since 2013, hurt by the coronavirus, according to a survey. The drop came amid a “notable worsening” in the services sector, which includes finance and retail, the IHS Markit research firm reported. New orders received by privateRead More →

In India as part of a global tour to meet the over 10,000 employees in his first 100 days, Bill McDermott, CEO, ServiceNow said that the India business was doubling year on year. “We’re growing at 113% year on year in India and if we keep doubling India every year, it will notRead More →

Chaitanya Sreenivas, HR Leader, IBM India/South Artificial Intelligence (AI) has fast become an essential part of Human Resource (HR) operations. It is being used in HR to automate repetitive, low-value tasks thus increasing the focus on more strategic work. “AI, combined with strategic insight, creates new business opportunities and isRead More →

One of Canada’s top business leaders has lashed out at US President Donald Trump over the shooting down of an airliner by Iran last week. Maple Leaf Foods chief executive Michael McCain said his colleague’s wife and son were among the 57 Canadians who died. Without explicitly naming Mr Trump,Read More →

Noida-headquartered digital payments giant Paytm on Thursday (January 9) added yet another feature to its widening product portfolio — Paytm Business Khata. The company said that this empowers Paytm merchant partners to maintain digital ledgers of all their customer transactions including cash and credit. Paytm further said that with ‘PaytmRead More →

The cabinet significantly eased entry barriers in the state-dominated petrol pump business to encourage competition from Indian and foreign firms. It also approved a revival package for state-owned telecom companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone NigamNSE 4.92 % Ltd (MTNL) that aims at the eventual merger of the witheringRead More →

New Delhi: Digital payments company Paytm has appointed ex-Goldman executive Amit Nayyar as president, financial services business. Reporting to Vijay Shekhar Sharma, founder and CEO of Paytm, Nayyar will lead the company’s efforts to further its footprint in lending, insurance, wealth management and broking businesses, the company said in a statement. “As we focusRead More →