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Tag: Legal
PSB Consolidation May Shrink IT Firms’ Business
Technology companies offering niche services to banks face a challenge as public sector lenders consolidate, with issues around shrinking revenue, reduced clients and heightened competition, industry experts have said. Banks may consider changing their technology infrastructure, analysts said. This means,…
New-Age Internet Companies Are Going Big On Soft-Skill Training
New-age internet companies across the eCommerce, food-tech and fintech sectors are increasingly using soft-skill providers to train their workforce. These human resource development programmes have traditionally been used by the manufacturing and automobile industries for their staff. “Even larger companies…
Read More New-Age Internet Companies Are Going Big On Soft-Skill Training
Banks May Take 3 Years For Tech Merger
Banks may take 2-3 years to standardise core technology, products and customer applications after the government proposed to merge some prominent public sector lenders last week, analysts said. “The integration process would take 24-36 months. Website, mobile apps, IVR —…
Mukesh Ambani Sets Out To Dominate Digital India
For all the publicity blitz accompanying Mukesh Ambani’s $30bn charge into the digital economy, the details of his long-term strategy remain a closely guarded secret. Mr Ambani’s Reliance Jio venture has upended India’s telecom sector, devastating the profits of incumbent operators…
India Has Added Two New Tech Unicorns In Just The Last Month
2019 is turning out to be great for Indian internet ventures. It’s not even mid-way into the year, and the country has already seen two internet firms achieve unicorn valuations, and at least one more is close to the milestone.…
Read More India Has Added Two New Tech Unicorns In Just The Last Month
An India-China Trade War? Modi Fans The Flames Of Boycott Calls
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Rahul Gandhi’s Promise On Ease Of Doing Business Is Election Rhetoric At Best; Implementation Is Key
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Who Wins And Who Loses If India’s Draft eCommerce Rules Are Implemented
In proposing to tighten the rules around e-commerce, India is both offering respite and ruffling feathers in equal measure. The draft e-commerce policy released by the Modi government on Feb. 23 is poised to shake up the country’s nearly $40 billion (around Rs2.8 lakh crore) online…
Read More Who Wins And Who Loses If India’s Draft eCommerce Rules Are Implemented
E-commerce Policy Draft: DPIIT Digs Heels On Data Localisation
Following the ‘data is oil’ argument often used by businesses, the latest e-commerce policy draft focuses on different aspects of data localisation, while also seeking to establish data as an economic resource, said experts. The government has made its intent to regulate…
Read More E-commerce Policy Draft: DPIIT Digs Heels On Data Localisation
Tiger Global’s Stake In Razorpay To Increase With ESOP Buyback Plan
US-based hedge fund and venture investor Tiger Global Management is buying back the shares of 140 employees at payments firm Razorpay via an employee stock option (ESOP) plan, a statement by the Bengaluru-based startup said. The investor is buying the…
Read More Tiger Global’s Stake In Razorpay To Increase With ESOP Buyback Plan
India Has Already Hit Record Number of $1 Billion Startups This Year
You get a clear sense of Policybazaar’s target audience the first time you watch Yama, the Hindu god of death, drag a bedridden man to hell for failing to buy insurance. In a series of melodramatic TV spots, the fearsome deity,…
Read More India Has Already Hit Record Number of $1 Billion Startups This Year
Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes
As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…
Read More Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes
Digging Deeper – Data localisation: RBI deadline ends
The RBI's deadline of 15 October for all payment system operators to comply with the central bank’s data localisation norms just went by. Companies like Visa, American Express, Facebook, PayPal, Mastercard, Google and WhatsApp are required, as per the Reserve…
Read More Digging Deeper – Data localisation: RBI deadline ends
Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes
As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…
Read More Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes
RBI Unlikely To Extend Oct 15 Deadline On Data Localisation
The Reserve Bank of India is unlikely to extend the October 15 deadline for the payments ecosystem players to set up a facility to store transaction-related data in India. Those players that do not comply with the central bank’s April…
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Why Indian Startups Are Worried About GDPR Complaince
Indian companies, including startups, have been trying to make sense of the European Union's General Data Protection Regulation (GDPR), which came into effect on May 25, while taking initial steps to inform their customers about the new law and protecting…
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No Turning Back
Times were when you used to call your local taxi stand and keep your fingers crossed hoping the cab, rickety as it was, would turn up in time to take you to the airport. That tradition has been all but…
Mr Prime Minister, have you considered these challenges?
Last Friday, PM Narendra Modi took the entire country by storm when he articulated his thoughts for a digital India. As the euphoria subsides, we ask very pertinent questions to Sanchit Vir Gogia, Chief Analyst & Group CEO, Greyhound Research,…
Read More Mr Prime Minister, have you considered these challenges?