American Express
Recent Highlights
All Stories for American Express
Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
•Berkshire's stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets.
DLF sells 9 acre land to American Express for around Rs 300 cr in New Gurugram
•Realty major DLF has sold a 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals in this area, sources said
India to examine concerns of foreign tech companies around rules for storing data locally
•RBI mandated foreign payment firms to store their payments data only in India to allow supervision.
RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report
Tech2 News Staff •UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.
Mastercard to store payments data locally to comply with RBI's regulatory directive
•Mastercard has started storing all its new payments transaction data at its technology centre in Pune.
US senators urge India to soften data localisation stance citing impact on business
•In a letter to Modi, US senators urged India to instead adopt a “light touch” regulatory framework.
RBI sticking with 15 October date to force payments firms to store data locally
•The RBI in April said all payments data should within 6 months be stored only in the country.
Reserve Bank of India sticking with plan to force payments firms to store data locally, say sources
•TheReserve Bank of India in April said all payments data should within six months be stored only in the country for “unfettered supervisory access”.
Amazon, American Express and Microsoft oppose India's data localisation plans
•The tech giants say that data localisation will undermine their growth ambitions in India.
Facebook to deepen links with financial institutions to improve customer service
•The Wall Street Journal had reported that Facebook had asked banks to share detailed financial information.