The Union Cabinet, headed by Prime Minister Narendra Modi, has approved the Personal Data Protection Bill. It is anticipated that the bill will lay down a framework for how public and private entities will process personal data that they collect. …
You will soon be able to withdraw cash from ATMs using UPI QR code. Bank of India has already introduced this facility for its own customers, in partnership with Mumbai-based payments company AGS Transact Technologies. “The UPI-based cash withdrawal service …
These transactions were 6.1% higher than in October, and 132% higher on a year-on-year basis. These transactions were worth ₹1.89 trillion in November compared to ₹1.91 trillion a month ago. Currently, 141 banks are live on UPI. UPI has over …
The Confederation of All India Traders (CAIT) has lashed out at e-commerce giants Amazon and Flipkart, calling them “economic terrorists” and demanded action against them for ‘violation of FDI policy norms’. Flipkart has responded by denying the allegations and terming …
Xiaomi is relaunching its credit platform in India this December. Mi’s credit-lending platform offers users instant loans at the rate of 3%. Personal loan can be initiated in under 10 minutes with a simple KYC verification on the platform. According …
The Competition Commission of India (CCI) has approved Amazon’s proposed Rs 1,500 crore deal to acquire 49% stake in Future Coupons Ltd (FCL), a Future Retail promoter group company.
Kishore Biyani-owned Future Coupons currently does not own a stake in Future Retail but had recently subscribed to convertible warrants for Rs 2,000 crore.
The deal is basically aimed at enhancing the payments portfolio of both the companies. The company has embarked on a Rs 1,000- crore investment plan for creating distribution centres for its food-on-demand venture.
Named as India Food Grid, the project will connect the entire country through a single, multi-layer network.
Ola, Uber fees may be capped at 10% of total fare; You pay Rs. 100 fine if you cancel the ride. The central government will soon release a draft which plans to cap the commission earned on rides by firms …
Flipkart has launched Saathi, a guided navigation tool for first time Internet users to get comfortable with the product. Flipkart Saathi uses a combination of text and audio-based instructions to guide new users in their e-commerce journey. This includes a …
Google sent out more than 12,000 warnings to users globally, including nearly 500 in India, between July and September this year to sound them out against being targeted by “government-backed attackers”. Over 90 per cent of these users were targeted …
The draft Registration of Press and Periodicals Bill, 2019, put out by the ministry of information and broadcasting on Tuesday, seeks to replace the Press and Registration of Books (PRB) Act, 1867, that governs the print and publishing industry in …
Amazon, in its attempt to become India’s SuperApp will soon launch bus, train, hotel bookings on Amazon Pay. Amazon has already launched flights (Cleartrip partnership) and movie ticketing (BookMyShow partnership). It is set to roll out bus-booking via redBus and …
WhatsApp, which hasn’t yet begun its full-fledged India payments operations has reported revenues of Rs 6.84 crore for fiscal 2019 and a profit of Rs 57 lakh for the financial year under review. In its financial statements, WhatsApp stated the …
Oyo’s losses have increased more than 6X to ₹2,384.69 crore in the fiscal year ended 31 March 2019. The revenue jumped more than 4X during the period, to ₹6,457 crore in FY19 from ₹1,413 crore in the previous year. A …
Dalberg, a leading social impact advisory group released the State of Aadhaar: A People’s Perspective report (the study has been funded by Omidyar network), showing insights that can help drive a data-driven discourse on Aadhaar. Key highlights of the Aadhaar …
Tinder has launched a unique in-app user experience, Festival Mode, in India. Users can add a badge to their profile highlighting their planned festival destination. From there, they have the ability to match and chat with other users attending the …
RBI has informed the Supreme Court that WhatsApp is non-compliant with data localisation norms and hence cannot be allowed a full-scale launch of a payments business (on UPI). “The RBI has examined the said reports (by NPCI) and the responses …