Business

By joining the pledge, the companies are committing to report to their investors and stakeholders the metrics that are most relevant to their businesses, “or briefly explaining why a different approach is more appropriate,” Etolbgy says. In addition, they’re committing to be public advocates for the goals, encouraging business partners to do the same, and advocating for an ever-evolving, more consistent standard so that “there’s convergence in this very complicated ecosystem of metrics and disclosures around sustainability,” she says. … [Read more...] about More than 60 global businesses—including Mastercard, Nestlé, and Unilever—announce commitment to transparency

Business Correspondents and companies working with them have sought rationalisation of GST, regulatory changes to ensure viability of the business correspondent business model.Anand Kumar Bajaj, Founder MD & CEO at PayNearby says, “93% of our business correspondent network has been committed to working in tier 2 and tier 3 towns, serving as the sole point of cash disbursal in locations with limited financial infrastructure. However, the commission rates for BC services are very low to make it a profitable business. Additionally, BCs, by default, come under the 27% GST and 5% TDS on cash withdrawal even after the tax act having enabling provisions. This makes it difficult for them to stay afloat.”Bajaj added, “We hope that this Budget takes into consideration the tough working condition of the BC network and make a few regulatory changes to ensure the viability of a community that has been vital to the cause of financial inclusion in the country.”Spice Money … [Read more...] about Budget 2021: Business correspondents seek rationalisation of GST

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency, and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. … [Read more...] about Ericsson launches 5G RAN Slicing to spur 5G business growth

Remote work will catalyze a shift from the corporate perimeter concept to micro-office security certification. Outsourcing of IT and cybersecurity functions will be crucial to solve expertise shortages and save budgets. To coordinate managed service providers along with using multiple cloud services, cloud security and management skills will become a ‘must-have’. These and other cybersecurity challenges and trends will be among those that businesses will have to manage this year, according to a new Kaspersky report. A shift to remote work, financial constraints due to economic recession and the growth of cyberthreats due to the global pandemic will affect the day to day role of cybersecurity professionals in 2021. Understanding the challenges but also perceiving opportunities in IT and IT security management is key for companies to maintain their protection. The recent Kaspersky report, “Plugging the gaps: 2021 corporate IT security predictions” suggests advice … [Read more...] about IT security recommendations for businesses in 2021

“No one has a right to invade your privacy without your permission or your consent or your knowledge,” Torres said. “What we’re requiring is transparency. There would have to be a conspicuous sign at every entrance of the business, informing customers that we are subjecting you to face-scanning technology. … [Read more...] about Lawmaker Getting Tough On Businesses’ Use Of Facial Recognition Technology