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Indian stores shuttered by farmer protests cost Reliance, Walmart millions in revenue: sources

by AIP Online Bureau | Jan 14, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

MOHALI, India: Dozens of Reliance Industries’ retail stores and a giant Walmart outlet face revenue losses of millions of dollars after being forced to shut for more than three months over protests against India’s new farm laws, sources said. Thousands of...

Google removes some lending apps in India to protect consumers

by AIP Online Bureau | Jan 14, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  MUMBAI: Alphabet Inc’s Google has removed some lending apps aimed at consumers in India from Play Store in an attempt to safeguard users, it said in a blog post on Thursday.“We have reviewed hundreds of personal loan apps in India, based on flags...

Toyota settles US probe into delayed emissions defect reports for $180 million

by AIP Online Bureau | Jan 14, 2021 | International News, Non-Life, Risk Management, Technology

  Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government said on Thursday. Reuters first reported the expected settlement, which resolves the violations of...

India brings forward target of 20% ethanol-blending with gasoline

by AIP Online Bureau | Jan 14, 2021 | Eco/Invest/Demography, Indian News

NEW DELHI: India plans to achieve 20% ethanol-blending with gasoline by 2025, five years ahead of its previous target, to help reduce its dependence on costly oil imports, the government said on Thursday. Last year the government had set a target of reaching 10%...

WhatsApp faces first legal challenge in India over privacy

by AIP Online Bureau | Jan 14, 2021 | Eco/Invest/Demography, Indian News, Risk Management

  NEW DELHI: WhatsApp’s updated privacy policy verges on user surveillance and threatens India’s security, a petition filed in an Indian court said on Thursday, presenting another legal challenge for the Facebook Inc-owned messenger. California-based...
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