Alibaba Stock Jumps to 2-Month High. Thank Videogames.

Text size Alibaba and other Chinese tech stocks have been beaten down amid regulatory pressures. Greg Baker / AFP via Getty Images Alibaba and other Chinese tech stocks roared higher on Wednesday as a wave of videogame approvals from regulators in China boosted sentiment on the sector. China’s gaming regulator greenlit the publishing licenses for … Read more

Amazon Stock Split: What the Charts Say Ahead of 20-for-1 Split

Shares of Amazon (AMZN) – Get, Inc. Report have spent most of the year down in the dumps, as it suffered a peak-to-trough decline of 46%. That, however, has not been the case lately. The stock is up about 2.5% on Thursday and is currently riding a six-session win streak. Amid that stretch, Amazon … Read more

Summer Vacationers Want to Kick It Old School

The new and the high tech are suddenly out of fashion, with the Nasdaq down around 23% this year. That sentiment change seems to have bled into the online travel sector, where the uncool is making a comeback. There is no denying that longer-term trips in the most remote geographies are still seeing a lot … Read more

India launches pilot phase of UPI-type protocol ONDC in 5 cities

India on Friday launched the pilot phase of open network for digital commerce (ONDC), a UPI-type protocol, in five cities with an aim to democratize fast growing e-commerce sector, help small retailers and reduce dominance of online retail giants. ” After UPI, another game changing idea to democratize commerce – ONDC soft launch today to … Read more

Lossmaking Posta turns to SMEs for new lease of life

Companies Lossmaking Posta turns to SMEs for new lease of life Wednesday April 13 2022 Postmaster-General Dan Kagwe. FILE PHOTO | NMG By BONFACE OTIENOMore by this Author Summary Postmaster-General Dan Kagwe told the Business Daily that Posta had struck a deal with the Small and Medium Enterprise [SME] Support Center to offer logistic services … Read more

Entities acting as Online Export-Import Facilitators can be from India or overseas: RBI draft guidelines

The Reserve Bank of India (RBI) said an entity acting as an Online Export-Import Facilitator (OEIF) can be from India or overseas. Further, foreign entities, desirous of operating as OEIF shall open an office in India before operationalizing the contract with any Authorized Dealer (AD) bank, according to draft guidelines on ‘Processing and Settlement of … Read more