According to several media reports last week, PayPal had published a policy update prohibiting customers from using its services for activities identified by it as "sending, posting, or publication of any messages, content, or materials" promoting misinformation
The company is fuelling a significant part of this corpus through its recent $180 million fundraise led by private equity major KKR, announced in February this year. The funding valued the company at $1.2 billion.
“The internet is global and has data as its underlying basic element. For a robust internet innovation ecosystem, there has to be (a) flow of data. However, we also recognise that in our national interest, there are requirements of protecting a digital nagrik’s data protection and privacy rights,” Chandrasekhar said.
“… we are facing a temporary glitch. Please be assured our team is working on this and we will be up and running soon,” the company’s customer support handle responded to one such user on Twitter.
"This is unique in many cases," said Arturo Bris, Professor of Finance and Director of IMD World Competitiveness Center. "It is definitely a business school case study. Because it's about poison pills, breakup fees, lawsuits, hostility."
Brokerage reports and analysts' notes on Q2 earnings preview anticipate reasonably strong growth quarter for Indian IT firms despite challenging macroeconomic scenario in the US and Europe, but there are fair bit of warnings around "incremental pockets of weakness" or "slowdown in coming quarters".
Home Minister Araga Jnanendra told ET he will hold a meeting with top police and transport officials on Wednesday to discuss ways to regulate the operations of platform-based aggregators