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News and Trends for CXOs, Entrepreneurs, Decision makers and Curious minds. Short in content, Long in takeaways.
News in short format (not more than 100 words) – yet carries all that you’d need to know to help you make better decisions.
Govt infuses confidence and Rs. 70,000 crore into the market
The Union Finance minister has announced a capital infusion of Rs. 70,000 crores in public sector banks. This aid is expected to generate additional liquidity of Rs. 5 lakh crore…
Auto sector gets a CPR; No GST cut though
The Government has offered a much-needed relief to the ailing domestic automobile Industry. Some of the key announcements made yesterday are: All Bharat Stage-IV vehicles purchased up to March 2020…
India and Vietnam can’t replace China in manufacturing yet
The ongoing US and China trade war is forcing manufacturers to look for alternative production hubs. Though Vietnam and India appear as obvious choices, however, both the countries are no…
Current economic slowdown is unprecedented and alarming: Niti Aayog Vice Chairman
The current domestic economic situation is getting murkier by the day. Experts feel that this slowdown is unprecedented and Indian economy is in its worst pace of growth in recent…
Xiaomi’s micro-lending business could be a threat to data privacy
Chinese tech company Xiaomi is set to start offering loans up to Rs. 1 lakh with an interest rate of 1.8%. The company plans to leverage its pole position in…
Govt. mulls ban on e-cigarettes; To impose severe penalties on repeat offenders
Import and production of e-cigarettes may be soon banned in India. The Union Health Ministry may propose this ban in the interest of public health and safety. The ministry feels…
Amazon picks up 49% stake in Future Coupons
Amazon has reportedly agreed to buy an indirect stake in Future Retail by acquiring a 49% stake in Future Coupons, a Future Group entity that holds minority stake in Future…
Flipkart to incentivize merchants for offering additional discounts
While the government is trying to prohibit foreign-owned e-commerce marketplaces from offering predatory discounts, Flipkart has devised an alternate method to keep these promotional tactics going. In a new optional…
India to have 21 lakh public WiFi hotspots by 2021
There are 3.06 lakh hotspots in the country right now and the count is expected to reach up to 21 lakh by 2021 as per a report by DigiAnalysys. Government…
Airtel offers fastest mobile broadband network in India: Ookla
Latest Ookla Speedtest report states that mobile broadband speed in India has increased during the period of Aug 2018 to July 2019. It also reports Airtel to be the fastest…
Are top tech companies involved in making autonomous weapons?
A survey has raised an alarm that major Tech companies, involved in military contracts, might help develop killer autonomous weapons. 50 companies across 12 countries were a part of this…
Indians consuming 8GB data per month; Consumption to increase by 200% in the next 2 years: TRAI
A recent study by TRAI shows that average data consumption by Indians is 8GB per month which is double of what an average American consumes. India also tops the chart…
Ookla co-founder predicts delayed arrival of 5G in India
Network speed monitoring service Ookla predicts that the arrival of 5G technology might be delayed in India. According to its CO-founder and GM, Doug Suttles, the late introduction of 4G…
RBI okays recurring transactions upto Rs 2,000 on cards and wallets
RBI has allowed recurring merchant payments on all prepaid wallets, debit and credit cards with a cap of Rs. 2000 from September. The decision has been made keeping in view…
BMW finds the Indian EV market ambiguous; Evaluating scope and customer demand
BMW is unsure about the demand of electric vehicles in India. The company is still evaluating the scope of such vehicles as it finds the market conditions uncertain and ambiguous.…
Most Indian realtors lack a clear vision towards PropTech: Report
According to a report by KPMG and industry body NAREDCO, almost 50% of Indian realtors lack a clear vision towards technological innovation in the industry. The report also highlights that…
