December 28th, 2018
The number of internet connections in India has grown by 65% from March 2016 to cross the 50 crore mark in 2018, in line with the target set by the Narendra Modi government three years ago.
As per the latest information from the Telecom Regulatory Authority of India (Trai), by the end of September 2018, there were 56...
December 24th, 2018
OYO Hotels & Homes is “well-capitalised” and will be doubling down on growth in its home market of India. From the ongoing funding round, it plans to invest a fifth, or $200 million, in Asia’s third-largest economy.
The SoftBank-backed company, which is in the process of raising $1 billion (Rs 7,000 crore) from a...
December 22nd, 2018
Smartphone shipments in 2019 is expected to reach upto 160 million in India. India is expected to be the only major smartphone market to grow in 2019, following on from a strong 2018, compared with China.
This compares with over an expected 150 million in 2018, compared with around 134 million in 2017. The Indian smartphone market...
December 21st, 2018
The Chinese smartphone giant Xiaomi is all set to make a debut of its payments app called Mi Pay in India. The company has started beta testing of the Mi Pay platform in the country.
For this, the company has entered into a partnership with ICICI bank along with PayU to launch Mi Pay in India. The Indian...
December 21st, 2018
The provider of coworking workplace We Work is planning to double the coworking space it offers in India to 6 million square feet in 2019. The company is expecting to expand its presence to cities including Chennai, Pune and Hyderabad by the end of next year.
The New York-headquartered collaborative workspace firm currently operates...
December 18th, 2018
The Indian companies are stepping up and hiring technology talent this New Year. This is basically because digital will play an important role for many of the businesses as they gear up for disruption.
According to the reports, the hiring of digital and technology talent will double in the year ahead as businesses transform, customer...
December 3rd, 2018The Indian government and the Reserve Bank of India (RBI) are in talks to allow use of 'offline Aadhaar' that relies on QR codes. This would replace the biometric eKYC, for opening bank accounts, operating payment wallets and purchasing insurance covers.
This particular move is significant as it will also benefit financial technology...
November 28th, 2018The United States federal deficit for October ballooned up to more than $100 billion, which is almost 58 percent more than the figures we had for last year. In October of 2017, the United States saw a monthly deficit of $63 billion, but the figures have gone even higher this year.
The net spending by consumers in October rose by some...
November 28th, 2018Electric vehicles have been getting a lot of hype in recent times, majorly because of the increasing pollution problems. An electric vehicle also called an EV, first came into existence in the mid-19th century, when electricity was among the preferred methods for motor vehicle propulsion.
Later in the 21st century, EVs saw a...
November 28th, 2018One of the fastest growing Chinese smartphone brands in India known as Comio is reportedly quitting the Indian market. The basic reason behind the exit is that the company isn’t making money and its Chinese promoters aren’t infusing capital.
"Chinese team members left India in the first week of November, 2018, abruptly and asked us...
