Indian Rupee Time Deposit, Telecom Operators Complain About Rising Costs: Top Things On The Morning Of April 20

Finance

• NSPK plans to launch a new service designed for banks with a large card issuance and acquisition network, Kommersant learned. It will allow customers to save money when paying for their purchases with Mir Pay.
• The St. Petersburg Social Commercial Bank (PSCB) launched a fixed-term deposit in Indian rupees on April 19. Its minimum amount will be INR 100,000 for legal persons and 10,000 for natural persons. The term of the deposit is up to 90 days, the rate is 3% per annum, according to Kommersant.

Business

• Group-IB’s Russian assets were bought by local shareholders and top management. Business development will continue under the FAC.С.T. brand, and Group-IB will be represented only on the international market. The main shareholder of the Russian legal entity under the new brand FAC.С.T. remains the founder of the Group-IB Ilya Sachkov.

• The Russian syrup maker is trying to remove the protection of the Aperol and Aperol Spritz trademarks through the court, Vedomosti reported. The company filed a lawsuit against the structure of the Italian company Davide Campari – Milano, owner of these brands. The first meeting is scheduled for June 19.
• The agricultural machinery manufacturer CNH Industrial (Case, New Holland brands) announced its departure from Russia and the sale of the business for about 60 million dollars. In March 2022, the company already suspended deliveries. The buyer of the business is not named in the statement on the company’s website, RBC writes.
• The Podolsky city court found it illegal to require buyers of Wildberries to pay for the return of defective products. Rospotrebnadzor filed a lawsuit against the company in early March, the court granted it on April 13, 2023.
• The largest telecom and tower infrastructure operators have complained to the Ministry of Digital Research about the increase in costs to connect communication facilities to power grids, reports RBC. The companies are asking to review the tariffs, otherwise the cost of services for subscribers will increase, while competition and the pace of network construction will decrease.
• According to the results of 2022, the Russian legal entity H&M received a net loss of 9.7 billion rubles, Vedomosti writes. In 2021, the company made a profit of 9.4 billion rubles. Revenue for the year fell from 71.6 billion to 29.2 billion rubles.

Technologies and services

• Sber has released a line of Sber smart TVs based on its own Salyut TV operating system with a virtual assistant for voice control. The flagships of the update are QLED TVs with 4K Ultra HD resolution. The development was done by a partner of SberDevices. The cost starts from 10.9 thousand rubles.

• Commercial music service Cubic Music has launched the Cubic Play app with licensed music specifically for small businesses. Use of the catalog is legal and requires no additional royalties.

• For the 2023 summer season, Vkusvill has expanded the delivery area to new territories away from dark stores. The company was able to do this by optimizing routes and implementing time-slotted delivery.

• In Avito, users in trial mode will be able to switch between accounts with a couple of taps. The functionality will help link up to seven professional profiles and one regular. All you need is a password and a phone number.

• EKF has announced the launch of a line of 10 smart home devices. All devices support the Zigbee protocol and can run automation scripts even when Wi-Fi signal is lost.