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4Jan By RishabhNo Comments

INDIA

RBI To Issue Chocolaty New Rs 10 Notes

The Reserve Bank of India will be issuing new Rs 10 notes under Mahatma Gandhi series. The new Rs 10 notes will soon be available in chocolate brown color as the base with a picture of Konark Sun Temple. As per the source, the government has already printed around 1 billion pieces of the new Rs 10 note. It was only last week that the designed got approved by the government, which has not been changed since 2005. The new Rs 200 and Rs 50 notes were launched in August 2017 under the Mahatma Gandhi series. The aim of introducing new notes of lower denominations is solely to prevent counterfeiting of notes and promote digital economy. The government has been trying hard to promote digital money, i.e. payments by debit, credit cards or digital wallet in a bid to eliminate black money o...

Cisco Open Its First Global Digital Experience Centre in India

10Jun By AdityaNo Comments

BUSINESS

Cisco Open Its First Global Digital Experience Centre in India

American hardware major Cisco today said it is witnessing a jump in demand by Indian banks since the demonetisation move, which made it open its first global digital experience centre here. "Overall we see a significant ramp-up requirements are coming from them, especially since November last year. That is where we have also seen growth," Cisco Indias president Dinesh Malkani told reporters here. He said digital solutions are "top of the mind" even for the state-run lenders, who are wanting solutions on a variety of aspects. The company has nine innovation centres globally at places like San Jose, London, Tokyo and Berlin, but this is a global first where it has launched a dedicated digital experience centre targeted at the banking, insurance and financial services sector. A co...

Snapdeal Started Delivery of Hard Cash at Home

22Dec By PriyankaNo Comments

News

Snapdeal Started Delivery of Hard Cash at Home

During this demonetisation period, India based e-commerce portal Snapdeal rolled out a new service called Cash@Home – which will allow customers to order cash and get it delivered at their doorstep. The company will be using the cash that it receives through Cash on Delivery (CoD) to operate this facility. It will charge a convenience of Re 1, which can be either paid through FreeCharge or through a debit card at the time of booking the order. A user can request for Rs 2000 per booking and any bank’s ATM card can be used to pay for the cash. The customers are not obligated to order anything else from Snapdeal to access the ‘Cash@Home’ facility. The service is already live in Gurgaon and Bangalore and will be extended to other major cities in the coming days. Snapdeal’s co-founder Roh...

Has Demonetization Really Helped In Growth Of Paytm?

9Dec By Ankita SinghNo Comments

News

Has Demonetization Really Helped In Growth Of Paytm?

December 9, 2016- Now wherever we go, whether its small shops or a big store, we see a Scanning code on the wall with "Paytm logo" which says PAYTM KARO. Paytm is an online payment transaction company that has been highly popular after the "Demonetization". After the Demonetization news was announced, on the next morning Paytm ads were carried on the first page of major newspapers of India. So the common question arises "Does really Paytm have gained beneficiary after demonetization"? As per sources, Paytm was seeking to raise money in August at a valuation of $5 billion. After demonetization Paytm transaction touched 5 million in a day regularly. Paytm transaction total hit Rs 24,000 crore a day and the company registered a 700% increase in overall traffic and 1000%percent growth to Pa...