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 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 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 —…
Reliance Jio and Microsoft have entered into a long-term alliance to offer a set of solutions comprising connectivity, computing, storage solutions etc to create more affordable offerings for Indian SMBs, startups and large enterprises while also adding capabilities to Reliance Industries’ ecosystem. Sanchit…
Read More Reliance Jio, Microsoft Partner To Bring Azure Cloud To Jio’s Data Centers
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…
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
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
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
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
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
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
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
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
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…
Read More RBI Unlikely To Extend Oct 15 Deadline On Data Localisation
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…
Read More Why Indian Startups Are Worried About GDPR Complaince
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Shutdowns. Funding crunch. Falling valuations. Firings. By pretty much any metric, India’s consumer internet companies have been going through a rough patch. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, feels Silicon Valley is a way more mature ecosystem. “Indian…
Read More Why Our Startups Stutter Even As Indians-Led Enterprise Firms Scorch Silicon Valley
A starting salary of Rs 1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn. “An average American software-engineer…
Read More Rs 1.25-Cr Uber Package: Delhi Student’s Offer Matches Silicon Valley Salaries
The appointment of a new CEO at Flipkart has anguished many Indian entrepreneurs. “Global investors who have bet on India will now take a cue from Flipkart and bringing CEOs from outside may well become a trend in 2017. That’s…
Online marketplace eBay will shut its global development centre in Bengaluru, laying off staff and taking back work to Silicon Valley on the day Donald Trump got elected as the 45th President of United States on promise of bringing back…
Read More First Casualty Of Donald Trump’s Win? eBay Sacks India Product Team
Amidst increasing scrutiny from investors because of falling revenue growth, micro-blogging platform Twitter has shut its Bengaluru development centre. “While India is seeing a lot of multinational companies setting up R&D centres, most of the work that happens out of India…
Read More Twitter Shuts Down Development Centre In Bengaluru
In April, on-demand grocery delivery service PepperTap shut shop. Recently, online beauty services provider Amber Wellness, which was operating in Bangalore, New Delhi and Mumbai, closed down. But these are not isolated cases. In 2015, around 13 startups closed operations.…
Read More The Real Reasons Behind Indian Startups Shutting Down
When the Uttar Pradesh government announced a plan to distribute to laptops to students in the state last year, it was a shot in the arm for HP, the company that won the nearly Rs 2,800 crore contract to provide…
When the Uttar Pradesh government announced a plan to distribute to laptops to students in the state last year, it was a shot in the arm for HP, the company that won the nearly Rs 2,800 crore contract to provide…
