Email Digital Story Innovation Team By Michael Slezak and Mark Doman Updated November 19, 2019 10:52:23 Photo: A false-colour image showing a fire burning on the edge of the Amazon rainforest, infrared hotspots have been highlighted to show active fire fronts. (European Union: Sentinel 2) Map: Brazil As thick plumes of smoke blanketed Brazil's most populous city Sao Paulo, global attention turned to the cause.The Amazon, the world's most biodiverse rainforest, was burning at a rate not seen in almost a decade.It was decried as a global tragedy. Lit by farmers, the fires raged through villages, destroyed ecosystems and pumped climate-warming pollution into the atmosphere.The Brazilian government, which has been criticised for winding back protections of the Amazon, sent in the army and slapped a temporary ban on fires used to clear land.But one month on, the fires are still burning.The sheer size of the Amazon, and those fires that engulfed it, can be hard to comprehend. … [Read more...] about The Amazon rainforest fires continues to burn and there are fears the worst is yet to come
Amazon size tier
By Matt Day A coalition of children’s advocacy organizations is asking U.S. regulators to investigate whether Amazon.com Inc.’s Echo kids smart speaker violates privacy law. The Campaign for a Commercial-Free Childhood and the Center for Digital Democracy, joined by several other interest groups, plans to file a complaint Thursday with the Federal Trade Commission saying Amazon’s Echo Dot Kids Edition infringes on children’s privacy rights. The company retains voice recordings indefinitely and, in some cases, holds onto their personal data even after users tried to delete it, according to the complaint. Those practices violate the Children’s Online Privacy Protection Act, said Josh Golin, executive director of the CCFC. “Given that Amazon has the money to pay the best corporate privacy attorneys that money can buy, it seems really strange that this was done in such a way that it does violate COPPA in so many ways,” said Golin, who added … [Read more...] about Is Amazon’s Echo Dot Kids Edition violating your child’s privacy?
Netflix is betting big on India for its global expansion. The company aims to add about 100 million subscribers from India alone as it aims to tap the Asian market with original content and affordable subscription rates. Netflix has over 50 million users in the US and roughly 137 million subscribers globally. “If you think about the opportunity, there’s about 450 million internet users in India and about half of them are watching video on YouTube and services like that, which makes for a very interesting, addressable market,” said Netflix’s chief content officer Ted Sarandos told CNBC on Thursday.The company, however, faces a strong competition from the likes of Amazon which has also big plans for India. Amazon already offers Prime Video and Prime Music services along with a wide range of Alexa-powered Echo devices. The hardware catalogue includes Fire TV stick that supports popular streaming applications like Sony Liv and … [Read more...] about Netflix’s next 100 million subscribers to come from India
MUMBAI: As Indians get more comfortable with unified payment interface (UPI) — the home grown app-based accountto-account payments platform — they are now using it to pay for a Rs 7-cutting chai or a Rs 15-bun-maska. As a result, the average ticket size of UPI transactions has more than halved from Rs 3,902 in FY17 to Rs 1,751 in FY20 till date. While the ticket size is getting smaller the frequency of use is increasing. This is reflected in monthly transactions, which were over 120 crore and worth Rs 1.89 lakh crore in November 2019. UPI’s digital payments, which enables account-to-account transfer without sharing any personal information, was first picked up by tech-savvy urban consumers to pay for app-based online services like Swiggy, Zomato, Amazon, Flipkart, Ola and Uber. They are now spreading to in-store payments and small businesses like chaiwallahs, panwallahs and autowallahs. Given the low payment infrastructure cost, UPI is bridging the gap between … [Read more...] about Autos to tea stalls: UPI makes inroads
Business models are being formed across different sectors. Even if you take consumer lending, you are seeing microfinance grow quite rapidly in the India-3 segment, says Mehul Jani, Principal | Fund Manager - Listed Equity, IIFL Asset Management. Excerpts from an interview with ETNOW. PMS and AIF have been gaining ground with HNIs and fund managers are taking concentrated bets on the kind of scheme which they have drafted. What is the size of the opportunity you are eyeing when you say that consumer lending opportunity could be really big for India?We look at India as three buckets. India-1 is the most affluent part of India. So, 8% or 24 million of India’s households are rich and affluent. This part accounts for 60- 70% of all consumer lending as well as a lot of on the consumer discretionary side. Their per capita income is around $8,000 and there is anecdotal evidence also. There are 45 million credit cards. The number of demat account holders is 30-35 million. Whether you … [Read more...] about One trend to bet on next decade is financialisation of India: Mehul Jani, IIFL AMC