As calls for going cashless grow louder in India, a key challenge being faced globally is to check the continuing rise in the total value of currency in circulation and their share in the overall GDP — a trend particularly visible in the US, Switzerland and Euro area. With Prime Minister Narendra Modi’s sudden move […]
22 internet shutdowns that occurred in India between 2015 to 2016 cost the country’s economy an astonishing $968 million, contributing to a total global cost of $2.4 billion, says Darrell West in a study published by Centre for Technology Innovation, Brookings Institution. Citing the example of one such instance West says India disrupted Internet services in […]
OneTrust, the leading software platform designed to operationalize data privacy compliance and Privacy by Design, is pleased to announce its acquisition of U.K.-based data privacy compliance service, Optanon. “The acquisition of Optanon uniquely positions OneTrust to serve the needs of enterprise customers around the world with our rapidly expanding global presence and broad solution set,” […]
(Pic Source: Gaurav Munjal, Unacademy co-founder Facebook profile) India is the only country where there are different policies for different segments of the retail business and e-commerce. Logically, there should be one policy, said Amitabh Kant, CEO, NITI Aayog, while interacting with CEOs at the Valedictory Session of the sixth edition of Massmerize 2016, FICCI’s […]
Chinas top 500 enterprises reported their first annual decline in combined revenues in 15 years, with a 0.07 per cent drop last year, as the economy continued to slow down amid falling oil prices and overcapacity issues. Among the top 500 firms, 155 reported declines in revenues in 2015, 61 more than a year ago, […]
Logistics sector, which accounts for nearly 14 per cent of the GDP, could see savings to the tune of USD 200 billion annually on implementation of GST, which will ensure faster movement of goods and less idle hours, say experts. With the introduction of Goods and Services Tax, many taxation procedures will come down, nearly […]
The US India Business Council has termed the passage of GST bill by the Indian Parliament as a “game-changer”, saying it is a significant milestone in efforts to improve the countrys ranking in World Banks ease of doing business index. The council congratulates Indian Government and members of Parliament for approving the Constitution (122nd Amendment) […]
The government is focussed on improving infrastructure and driving innovation to ensure that India ranks among the top 30 countries in terms of ease of doing business in the next 3-4 years, Niti Aayog CEO Amitabh Kant said today. Speaking at an IAMAI event here, Kant said the ecosystem of innovation is just “beginning to […]
Eyeing a larger market share, logistics solutions provider Rivigo is banking on drivers relay system for faster delivery of goods and is looking to take its trucking fleet to 3,000 this fiscal. The firm, which has a fleet of 800 trucks, claims that based on its innovative drivers relay system, truck loads are delivered to […]
AskmeBazaar.com, India’s fastest growing online marketplace, today announced the launch of the automobile category on its portal. The company has ventured into two-wheelers (scooters and motorbikes) and will be offering 2-wheelers from 4 renowned brands namely Honda, Piaggio, Suzuki and Royal Enfield. The company is booking orders from Pune in the initial phase and will […]
Banking big on the governments thrust to boost infrastructure, global transportation player Bombardier is eyeing up to USD 1 billion business from India in the next five years from USD 300 million, at present, its chief Laurent Troger has said. Bombardier counts India among top markets for its railway business and has invested over USD […]
Ongoing push by the Reserve Bank of India to revolutionize banking through the Unified Payments Interface (UPI) will leave mobile wallets redundant, as mobile banking has jumped over three-fold in February from the year-ago period, according to a report. The report by city-based Centrum Broking stated that mobile wallet services like SBI’s Buddy, ICICI Bank’s Pockets, HDFC Bank’s Chillr and standalone […]