The wholesale business, through which Nike sells merchandise to other retailers, came to a halt amid the health crisis

Samsung had invested in LoopPay, along with Visa and Synchrony Financial, signalling its intention to launch a smartphone payments service.

The spinoff will separate the payment business - which contributes a little over 40 per cent to eBay's revenue - from its marketplaces and enterprise businesses.

The meeting of inter-ministerial group on coal blocks to look into the issue of bank guarantees related to 61 mines allocated to firms such as ArcelorMittal, Tata Steel and JSPL has been postponed from Tuesday to tomorrow.

The e-commerce giant said this week that Icahn had taken a 0.82 per cent interest in the company earlier this month and made a non-binding proposal for eBay to spin off its PayPal payments business.

EBay, which bought PayPal for $1.5 billion in 2002 and has considered hiving off the multibillion-dollar payments service, has argued that the business would lose synergies with the overall e-commerce business as an independent unit.