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INDIA

November 10th, 2018 The online sales of smartphone in India got a hype during the festive season sale on various e-commerce platforms and thus, it is all set to cross the 50 million mark in a year for the first time ever in 2018. The year was driven by discounts, buy-back offers and easy financing options offered by retailers such as Flipkart and...
INDIA

November 7th, 2018 The newly licensed payments bank based in Mumbai called Fino Payment Bank has been fined with an amount of Rs 1 crore by the Reserve Bank of India (RBI). Following this move, the payments bank was required to stop all its account opening activities. The RBI found out that there were few accounts with the bank with deposits in excess...
INDIA

November 3rd, 2018 India’s Prime Minister Narendra Modi has announced a number of measures and services for the people of our country including the most interesting and valuable one under which, the small and medium enterprises will be able to sanction loans of up to Rs 1 crore in just 59 minutes through a special portal. This has basically been done...
INDIA

October 31st, 2018 In a bid to help startups grow and expand, the Karnataka state government has signed up 21 firms including Uber, Ola, Swiggy and Bata for its ambitious programme called Samruddhi. The programme aims at creating 10,000 entrepreneurs annually over the next three years from among the SC/ST youth. Under this, once the youth is skilled...
INDIA

October 24th, 2018 With the growing number of Android users in India, the country saw 36.9 billion app downloads from Google Play Store between January 2012 and August 2018 which marks as the highest among all countries, according to mobile app analytics firm App Annie. This study was done on the 10th anniversary of the Google Play Store. India...
INDIA

October 13th, 2018 With the technology growing at a great pace, Indian passengers can now expect to browse the internet and make calls on board from next month. The Indian airline SpiceJet has announced that they will become the first airline to offer wifi on board, as their new Boeing 737 Max is fitted with systems to make it possible. “We have...
INDIA

October 8th, 2018 India has been coming up with various programmes for startups for a long time. The Karnataka State Government has now launched its ambitious programme called Unnati. This programme is basically focused on promoting technology startups steered by SC/ST entrepreneurs as well as those that are developing a product or a solution with...
INDIA

October 5th, 2018 Recently Kochi became the first city in India to have a cashier-free store. A few weeks after this, the city is all set to welcome to the driverless car. Cocon-2018, the annual cybersecurity conference to be held in Kochi will host a live display using a prototype autonomous car. The autonomous or self driving car is touted as the...
INDIA

September 29th, 2018 The digital payment player PhonePe has tied up with Delhi Metro Rail Corporation (DMRC) to offer PhonePe users with the service of recharging their DMRC smartcards on the app itself. This service will be made available to the users through a micro app in the freshly created 'Apps' section on the PhonePe app. The fintech company...
INDIA

September 21st, 2018 We all have been hearing a lot about the ‘desi’ GPS module ever since last year and finally, it has been rolled out and has become a reality. At a recent event in New Delhi, ST Microelectronics and MobileTek launched UTraQ which is a GPS module based on India Regional Navigation Satellite System (IRNSS) to track locations. As of...
INDIA

September 20th, 2018 The Indian government has come up with new hikes in the interest rate on small savings schemes including public provident fund or PPF and also on Kisan Vikas Patra or KVP. The interest rate of PPF has been altered to 8% interest rate for the October to December quarter, up from 7.6% in the current quarter. On the other hand, for the...
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