21-day nationwide lockdown: For many, ePay's the way to buy essentials

Over 50% of all debit and credit card transactions — both at point-of-sale machines used by local stores and online checkouts at merchant sites — in the two weeks of the shutdown were for food and grocery-related purchases, up from 12% prior to the announcement. The surge in payment volumes is in line with demand experienced by aggregators as well as a push from their side to avoid accepting cash.

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THE ECONOMIC TIMES NEWS DIGEST Wed, Apr 08, 2020 | 04:00 PM IST

Dear Mathew , here are top stories of the day.

epaper 21-day nationwide lockdown: For many, ePay's the way to buy essentials Over 50% of all debit and credit card transactions — both at point-of-sale machines used by local stores and online c... Lockdown beyond April 14? Centre mulls extension after states, experts raise red flags The current speculation is that an extension of about two weeks is under consideration.... Covid-19 outbreak: NBFCs face twin challenges of debt repayment, cash shortage Small and medium-sized NBFCs are most at risk due to the disruption caused by the Covid-19 outbreak. Large lenders wi...

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Industry The 'phone booths' that are making Covid tests in India easier, quicker and safer It is modelled on South Korea's "telephone booth" test centres. The Indian version, however, resembles a traffic poli... Truckers, labour get 30% more pay from FMCG cos The companies are facing the dual challenge of acute labour shortage because of migration and fear of the Covid-19, w... Cos work on transforming to online, home delivery model Walmart-owned Flipkart is in the process of hiring 4,000 people, while Spencer's Retail is recruiting 1,000, two seni...

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RISE Oyo gives pink slips to US staff The job cuts have come amid the Covid-19 outbreak, which has caused more than 10,000 deaths in the US so far, cripple... For MSMEs, Covid's the last nail in coffin In this hour of need, there has been little or no assistance from the government. ... Things get tough for Medlife, NetMeds, others as they run at 50-70% capacity Although warehouses are open and delivery staff moving freely, they are operating at suboptimal capacity. Since there...

Wealth Should you opt for moratorium for debit card EMIs? If you have converted your debit card payments to EMIs to buy a phone, a consumer durable or converted your e-commerc... Saving FY19-20 tax now? May have to claim refund The government has extended the deadline to complete tax-savings to June 30, 2020, via an ordinance dated March 31, 2...

Mutual Funds Most mutual funds underperformed benchmarks during 2014-19 period: Report Even before the COVID-19 worries-led market rout dented the value of mutual fund investments, there are chances that ... One has to be selective while buying stocks, says Rajeev Thakkar of PPFAS Mutual Fund We spoke to Rajeev Thakkar, CIO, PPFAS Mutual Fund, to get some perspective. Thakkar, known for maintaining a cool he...

Panache 'Rock On! 2' star Purab Kohli contracted Covid-19 The actor's daughter was the first to contract mild Covid-19 with cough and cold for two days.... Covid-19: All the world's now a zoo, only this time with animals on outside & humans on inside There is, indeed, a sudden reversal of roles of animals vis-à-vis humans.... Corona impact: Microsoft makes all its events till July 2021 digital-only, won't have in-person conferences for foreseeable future The move comes in the wake of the Covid-19 outbreak which has brought the world to a standstill. ...

Tech E-commerce moratorium proposal worries India New Delhi has maintained that the globally agreed ecommerce moratorium has led to loss of revenue besides restricting...

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