Wal-Mart has accused Visa of excessively high card swipe fees, several months after the retailer opted out of a class action settlement between merchants and Visa and MasterCard Inc.
The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.
Visa Inc, the world's largest credit card network, said on Monday it hoped to raise up to $18.8bn
The second day of the placement season at Indian Institute of Technology (IIT) - Madras on Tuesday saw e-commerce major Flipkart Internet Pvt Ltd recruiting 19 students - the highest offer so far this season.
Major corporate sponsors of the Tokyo 2020 Olympics are standing by the International Olympic Committee after the Games were postponed and experts familiar with the deals said the companies would not likely seek the return of billions of dollars committed to the agreements. Fourteen global companies including Coca-Cola Co, Procter & Gamble Co and Intel Corp spent $500 million this year and have committed close to $4 billion on multi-year contracts that designate them as top-tier sponsors, according to research firm Global Data.
"There is no allegation in the charging documents that any Nike employee was aware of or knowingly participated in any bribery or kickback scheme," the company said.
FIFA said on Wednesday it had fired General Secretary Jerome Valcke, once one of the global soccer body's most powerful figures, amid alleged corruption involving World Cup ticket sales.
Visa Inc, operator of the world's largest payments network, said on Wednesday it had signed sponsorship deals with all ten members of the International Olympic Committee's (IOC) refugee team, essentially becoming their first corporate sponsor.
FIFA president Sepp Blatter's decision to resign amid corruption allegations at soccer's governing body is a relief for corporate sponsors who have called for more transparency at the organization, sports marketing experts said on Tuesday.
Shares of the company rose more than 1 percent to $99.44 in heavy trading.
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Leading sponsors of football's world governing body have demanded independent oversight of FIFA's reform process in an open letter published on Tuesday ahead of a key meeting to finalise proposed reforms at the scandal-plagued organisation.
The Swiss is out of sight as FIFA corruption scandal deepens
The victory celebration over, new FIFA president Gianni Infantino's first major decision in charge of the troubled world football organisation will be to appoint a secretary general, effectively a chief executive, to run day-to-day operations.
Apple Pay also faces competition from Merchant Customer Exchange (MCX) - a consortium of retailers including Wal-Mart and Best Buy - which is developing its own mobile payment platform.
Esther Staubli is set to become the first female referee to officiate a match at the ongoing FIFA Under-17 World Cup 2017.
World football body FIFA put Jerome Valcke, its second-ranking official, on leave on Thursday just hours after an ex-footballer raised allegations he was involved in a plan to resell 2014 World Cup tickets for a lucrative profit.
The growth premium India enjoyed has largely been lost.
Has Steve Jobs' handpicked successor inherited the magic touch or is Apple's winning streak coming to an end?
Brazil has long been known as a country that can throw a great party as long as the guests do not mind a location that still has the builders in it.
World Cup sponsors are in an awkward position, experts said, because they are under pressure from consumers to distance themselves from any corruption, but such sponsorships are lucrative in the long term.
Qatar said on Wednesday there was no way it would be stripped of the right to host the World Cup despite the corruption scandal surrounding FIFA, dismissing a 'bashing campaign' of criticism of its 2022 bid as anti-Arab prejudice.
The United States Soccer Federation said in a statement on the new charges that its hosting of the 2016 Copa America Centenario tournament would go ahead as planned.
An Indian American Silicon Valley entrepreneur has launched a unique initiative designed to get techies to volunteer their time to develop software and applications that will benefit people in India and other developing countries.
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