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…

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.…

Unprofitable WhatsApp May Hit Facebook’s Profitable Apps: Mark Zuckerberg

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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…

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…

WhatsApp Business: How Companies Are Using App To Cut Costs And Communicate Better

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2018 Was The Year India’s Startups Decided To Go Global

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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…

A Tech Billionaire and The Case of The Bumbling Blackmailers

The Indian state of Uttar Pradesh has a reputation as a rough place, with one of the highest levels of crime in the country. In May, a dozen local politicians received WhatsApp messages that threatened harm to their families unless they paid $14,000. Yet…

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,…

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…

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…

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…

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…

Walmart’s Acquisition of Flipkart – Key Questions Answered

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MapmyIndia 2.0: Battling For Supremacy

A long-drawn battle for supremacy is underway in India’s online navigation space and the country’s oldest mapmaker, MapmyIndia, is busy readying its war chest to slug it out. MapmyIndia, owned by CE Info Systems that was founded by the husband-wife…

As MapmyIndia enters Google territory, can it beat the Goliath of internet?

It was a late January morning. Bitter winter had just taken leave of Delhi. Rakesh Verma, founder and CEO of MapmyIndia, settled down in his Jaguar, tapped on the built-in navigator and entered the destination: Kailash Colony Metro Station, barely…

WhatsApp: The New Business Card, Storefront, And Cash Register

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“WhatsApp wins India’s payment wars!” No. That’s fake news.

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After A Stormy 2016, Softbank Has Smartly But Cautiously Picked Up The Pieces In India

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Snapdeal Ends Merger Talks With Flipkart; To Go Solo

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Did Axis Bank Lap Up FreeCharge For A Song, Or Pay A Tad Too Much?

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India Contributes To Amazon’s 77% Profit Plunge: Why Company Will Still Continue To Invest Here

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Axis Bank buys FreeCharge for USD 60 Million

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Can FreeCharge Be The Trump Card For Amazon’s India Play?

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Amazon Pay Gets $20 Mn From Parent, Rolls Out Third-Party Payment Services

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WhatsApp Has Business Chat, Payment Sectors In Its Sights

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