India’s most influential government think-tank has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signaling a dramatic shift in policy in one of the world’s fastest growing auto markets. A draft of the 90-page blueprint, seen by Reuters, also suggests the government opens a battery plant […]
The woman proprietor of Chennai-based advertising Jigsaw Solutions, which was allegedly defrauded of Rs 1.69 crore by Stayzilla, today urged Prime Minister Narendra Modi and his government to address issues of funding and transparent business models at the earliest. Radha Shekhar, in a letter to Modi, said this was needed to avoid any suffering women […]
Automation and the new US administration were the big unknowns at the Indian tech sector’s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the USD 150 billion industry, which rose to prominence at the […]
India Post has received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit. “India Post has received payments bank licence. The service will be launched as per schedule,” a Department of Posts official said. India Post Payments Bank is the third entity to receive payments […]
After Rajasthan, Airtel Payments Bank has now rolled out pilot services in Andhra Pradesh and Telangana. “In Andhra Pradesh and Telangana, Airtel Payments Bank is rolling out pilot services across 8,000 Airtel retail outlets in Andhra Pradesh and 7,000 outlets in Telangana, which also acts as banking points,” it said in a statement. This follows […]
World’s first self-drive car rental platform Revv has raised USD 9 million in equity and debt from Edelweiss Private Equity and others. The series A equity funding led by Edelweiss Private Equity and debt funding from financing and leasing partners like Mahindra & Mahindra Financial Services and LeasePlan India, it said in a statement. The […]
Payments Bank said over 10,000 customers have opened savings accounts with it within two days of going live with a pilot project in Rajasthan. Majority of these accounts have been opened by customers in semi-urban and rural areas, underlining the potential for growth of banking services in such areas, Airtel Payments Bank said in a […]
Sunil Mittal Led Bharti airtel launched first payment bank in Rajasthan on pilot project basis. The branch will be a testing point before full-scale pan-India launch, company statement in a press release. The bank known as “Airtel Payments Bank” will offer interest rate of 7.25 percent per annum on deposits in savings accounts. The company said […]
Claiming it to be a global first, cab aggregator Ola today launched Ola Play, a connected car platform for ride sharing that it said will transform the in-car experience for users on the go like never before. “Ola Play is a world first, built in India by an Indian team, which showcases that we can […]
The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate’s crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip on the firm’s business, say analysts. “Customers care about delivery and long-term stability, not so […]
Leading taxi-hailing app Ola on Monday partnered with luxury car maker BMW, which the two companies claimed will go a long way in redefining on-demand luxury mobility in India. Ola claims it has around half a million drivers on its platform and the service, Ola Lux, is available in Mumbai, Delhi and Bengaluru to begin with, […]
Google will open a new Cloud Region in Mumbai that will help the tech giant offer its cloud platform services to developers and enterprise customers in India. Expected to be live in 2017, the local region in India will help make Google cloud platform services even faster for Indian customers, company said in a statement. […]