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 […]
MUMBAI: The week-long Make in India event here has secured investment commitments worth Rs 15.2 lakh crore, with host state Maharashtra alone accounting for Rs 8 lakh crore. Besides, it received investment enquiries worth Rs 1.5 lakh crore. “The multi-sectoral Make in India Week has been a great success. We’ve managed to get investment commitments […]
MUMBAI: Japanese companies should relocate their manufacturing base to India as this is the “only way” to strengthen bilateral partnership between the two countries, DIPP Secretary Amitabh Kant said today. “You (Japanese companies) have to relocate your manufacturing base into India… This is the only way you can strengthen Japan’s and Indian partnership for the […]
As we reported 4 months back, Ola received 750k bookings per day requests and covered 80% market in India. Now the Softbank Q2 report shows Ola has touched 1 million bookings per day. Even more eye-popping result is “InMobi 1 billion” per day users”. Have a look on some more points in this Q2 report, Alibaba’s Revenue […]
BEIJING, Dec. 22 (Xinhua) — Against the backdrop of the global struggling for economic recovery and the worsening situation in some emerging markets in 2015, China’s economy has remained a strong engine for the world economy. Though the Chinese economy has changed to a “new normal” of more sound and slower growth, it continues to […]
By Peter Thal Larsen and Robyn Mak (Reuters)- India will not rescue the global economy in 2016. The subcontinent’s expanding GDP is one of next year’s few economic bright spots. But Indian output is still too small. Any negative shocks from the sluggish United States and decelerating China will reverberate more widely. India is finally emerging […]
A new research report released today identifies 35 Indian companies among the global cashback industry leaders. The report analyzes the growth of the industry, its important role in worldwide e-commerce, and the trends and challenges faced by this quickly growing industry. “We identified 35 Indian companies in this worldwide ranking of cashback industry leaders,” said […]
Twitter CEO Dick Costolo, who helped turn the trendy messaging startup into a global town square, is stepping down amid criticism over the company’s disappointing financial performance and a recent stock slide. Co-founder Jack Dorsey, who served as CEO during Twitter’s early years, will temporarily take the reins while the San Francisco company looks for […]