India will have to wait longer for Android Pay as Google shifts focus to Tez, its digital payment app

Google is not going to roll out its Android Pay service in India any time soon. The company is rather focused on pushing its new app – Google Tez, a Unified Payments Interface (UPI)-based digital payment application, in the country. During a Q&A session following the launch of Google Tez app on Monday, company’s senior executive Caesar Sengupta told the media that the company has no immediate plans to launch the Android Pay service in India. He cited lack of wider availability of (Near Field Connectivity) NFC-enabled smartphones and penetration of…

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Does It Make Sense for Investors to Pay Carried Interest?

For years, I have resisted paying carried interest to accelerators as a way to invest in start-up companies because I have thought about the decision incorrectly. Recently, a couple of smarter investors than me set me straight by getting me to focus on what really matters — the math. Over the years I have resisted paying carry for two reasons, neither of which is very good. First, I get a lot of utility out of investing in startups. I like working with and talking to founders. If I put money…

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Getting started with Android Pay in the UK

UK bank Metro has finally signed up for Android’s contactless payment method, following the service’s launch in the UK in May last year. It joins TSB, which was the most recent addition in September, Royal Bank of Scotland, and NatWest (among others) and is open to customers with Android KitKat devices and above, as well owners of the new range of Android Wear 2.0 watches. A recent update in the US saw Android Pay being incorporated into existing banking apps, meaning customers no longer have to use two apps (Google’s…

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Oracle ordered to pay $3bn damages to HP

Electronics firm Hewlett Packard Corporation (HPE) has been presented $3bn (£2.26bn) in damages in a criminal dispute with software giant Oracle. The row took place due to the fact Oracle reneged on a contractual agreement to hold making software that ran on excessive–stop Itanium chips. The courtroom conflict over the settlement turned into settled in 2012 but the damages HPE became due have only now been agreed. Oracle said it would enchantment in opposition to the courtroom‘s selection. Split enterprise HP become Break up into two in 2015 with HPE…

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The bribes you’ll probably have to pay in Bali

It’s a stunning spot for a holiday, but if you travel to Bali beware of the bribes you might be asked to pay. Picture: iStock WITH beautiful beaches, budget flights and even cheaper food and drink, it’s little wonder that Bali is the holiday destination of choice for 16,000 Australians a month. For as little as $3 a day plenty of Aussies hire a scooter to explore the island, but what many don’t realise is that it can easily come with additional costs — in the form of on-the-spot “fines”…

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Stoke offers to pay tuition fees in maths drive

Stoke-on-Trent is trying to radically improve maths standards in its schools, including by helping to pay off the tuition fees of maths teachers who come to work in the city. The maths project is aimed at improving the chances for young people growing up in a city where many traditional industries have declined. Local MP Tristram Hunt is working with local schools, council and employers. Ofsted chief Sir Michael Wilshaw will launch the scheme on Wednesday. The £1m maths project, a form of educational urban regeneration, is aimed at attracting…

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