Friday, March 29

Author: Lavina Tolani

A computer engineer turned blogger, she has always been a writer at heart. It was the perfect combination of utilising her research and analytical skills and her enthusiasm for writing that sparked her interest in writing about the Indian startup ecosystem – the latest tech and gadgets and the startups that create them. She is always on the lookout for industry-specific stories in niche areas of interest such as e-commerce, fintech, green tech and more.
IRCTC to Launch its Own Payement Gateway Soon
INDIA

IRCTC to Launch its Own Payement Gateway Soon

Indian Railway Catering and Tourism Corp. (IRCTC), a subsidiary of Indian Railways is all set to launch its very own payment gateway service targeted at gaining more revenue and reducing its dependency on third-party payment service providers, as reported by two people involved in the matter. IRCTC, which currently is the largest consumer internet firm in terms of revenue and sells about 1.2 million tickets a month, is soon heading with its own payment gateway which is being called "i-pay" internally, as confirmed from people who spoke on the promise of anonymity. "I-pay" is ongoing its testing phase and will be rolled out soon to add to the list of many payment gateways that currently facilitate online transactions on its platform. Once successfully launched, IRCTC in-house payment ...
U.S President Lashes Out at Amazon for paying “No-Taxes”
USA

U.S President Lashes Out at Amazon for paying “No-Taxes”

US President Donald Trump slammed American e-commerce and cloud based company "Amazon" for paying "no-taxes" to local and state government and is reportedly seeking for more stringent regulations on the Seattle-based company, which is currently a global name all over the world, including India. In his tweet posted on Thursday morning, Trump directed his aim over Amazon stating how the company plays immense role on people's everyday's life, where they shop and how the company garners taxes from sales and delivers packages to its customers. I have stated my concerns long before the elections. Unlike other company, Amazon pays very little or absolutely no taxes to local and state government.Moreover, it uses country's postal system as their delivery boy(causing tremendous loss to the US) ...
SBI Increases Interest rates on Fixed Deposits
Market

SBI Increases Interest rates on Fixed Deposits

The largest public lending organisation in the country ,State Bank of India (SBI) has brought in a bundle of good news for investors as it has hiked interest rates on fixed deposits with different maturity tenures starting from 2 to 10 years. The new interest rate bracket for SBI fixed deposits ranges between 6.6 and 6.75 percent.For fixed deposits under Rs. 1 crore subjected for two-three years tenure, the new rate has been changed to 6.60% from earlier 6.50%.On similar lines, term deposits ranging between 3 to 5 years can now be availed at 6.70% interest than existing 6.50% People who are looking for long term investment i.e for 5 to 10 years, will now be able to avail interest rates of 6.75% from 6.50%.However,no change has been made for fixed deposits ranging from 7 days to 2 yea...
IIM-A raises 2-year PG program fees at Rs. 22 Lakhs
INDIA

IIM-A raises 2-year PG program fees at Rs. 22 Lakhs

The Indian Institute of Management, Ahemdabad (IIM-A) has reportedly raised the fees of its post graduate programme for year 2018-2010 from 21 lakh to Rs. 22 lakh, third time in a row. Mr. Erol D'souza, its chief director delivered the information at IIM-A's 53rd convocation that took place on 24, March, 2018 at Louis Khan Plaza, IIM-A Campus, Ahemdabad. While the last year fees hike involved a 7.7% increase from Rs.19.5 lakhs to Rs. 21 lakh, this year it has moved up to Rs. 22 lakhs. While addressing the media, Mr. D'souza said, The IIM-A Board met and decided to increase the fee structure.Just like every year, the fee will rise. In order to keep in line with the inflation, the fee rise will take place by 5 percent.For PGP( post graduate programs), the new fee will be Rs. 22 lakh a...
Apple Plans to Launch a Low-Cost iPad For Students & Teacher
Tech

Apple Plans to Launch a Low-Cost iPad For Students & Teacher

In an attempt to gauge back its student and teacher customer base from tech giants Microsoft and Google, Apple Incorporation is planning to launch a new low cost “iPad” in its education-focused event which is scheduled to be held in Chicago in the coming week. This move is likely to shift company’s focus back to education sector just like it did earlier in 2012 with its first-ever education dedicated event. As per the reports from Bloomberg, this device would be a lower cost version of its already launched 9.7 inch iPad. Apple is also parallelly working on developing a classroom software that could enhance the use of iPads in schools. It can be noted that how smartly Apple is using its iPad strategy to regain its reputation in the education market. While, as of now Apple has always...
Indian Government Issues Notice to Cambridge Analytica Against Data Breach
News

Indian Government Issues Notice to Cambridge Analytica Against Data Breach

While Facebook data leak controversy is still in hot waters, the Centre has sent a six-point notice to British political firm Cambridge Analytica seeking answers on whether it is involved in any projects that include the use of private data of Indian citizens in any form. The Ministry of Electronics and Information Technology has issued a notice against the data mining company which has been previously accused of stealing data of about 50 million Facebook users in order to influence United States Presidential Elections in 2016. In addition, Cambridge Analytica is also defamed for influencing elections results via illegal modes such as bribes, fake news and political contacts in many countries. The government has asked the company to reveal full details on how it has been using the da...
Bandhan Bank Shares All Set for Listing on 27th March
News

Bandhan Bank Shares All Set for Listing on 27th March

Bandhan Bank, a private Indian bank and a financial company, with its headquarters situated in Kolkata, is all ready to list its shares in both BSE and NSE, on 27 March. Having received a positive reception in IPO with about 14.6 oversubscribes, the bank is intended on raising 45 crores that would primarily help in expanding its capital base and allowing part exit of IFC, one of its existing shareholders. The shares were received well by retailers and individuals alike at the IPO, and the CEO C.S Ghosh said that he was looking forward to a bullish response. Bandhan Bank which initially began as a micro-finance venture in 2001 is currently running its 864 branches and 386 ATM’s all over the country. With its prominent hold particularly in northeastern India, including Assam, Bengal, and ...