Category Archives: Business

Demonetisation: Here’s how India could transform itself into a digital economy

With the 8 November demonetisation announcement by Prime Minister Narendra Modirendering 86 percent of cash in circulation (Rs 500 and Rs 1000 notes) as illegal tender, the probability of a major shift to electronic means – cheques, bank transfers, plastic use (debit, credit), e-wallets is major. Supporting the move, Finance Minister Arun Jaitley urged Indians to switch to digital methods… Read More »

Xiaomi and Lenovo show growth in Indian smartphone market, as local players stumble

Indian smartphone market broke the 30 million mark as the market grew by 20 percent in Q3. The third quarter saw Samsung continuing its growth in accordance to the growth of Indian market. Also, the company maintained its overall growth on the market with its share being a little over 20 percent. According to the market report by… Read More »

Zuckerberg lays down Facebook’s battle plan to tackle misinformation

Following another tirade of criticisms launched by US President Barrack Obama calling Facebook out for spreading fake news during US elections, Mark Zuckerberg today explained on his timeline how Facebook tackles misinformation. Zuckerberg has been quoted previously as saying it was “crazy” to assume that the fake news spread on Facebook influenced the outcome of the US elections.… Read More »

demonetisation of Rs. 500 and Rs. 1000 notes: RBI explains

From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. “These notes are just papers from tomorrow,” says the prime minister. Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight, making these notes invalid in a… Read More »

Rs. 500, Rs. 1000 currency notes to be out of circulation from midnight

From midnight today, till November 10, ATMs will not function. Banks will be closed for public transactions tomorrow. The Union Government has decided to do away with Rs. 500 and Rs. 1000 currency notes from midnight on Tuesday. These notes will cease to be legal tender from the midnight of November 8, 2016, announced Prime Minister Narendra Modi… Read More »

Facebook Hits 1-Billion Monthly Active Mobile Users Milestone, Posts Strong Q3 Results

Facebook easily topped estimates for revenue and profit for its third quarter, but faced signs of worry from investors that the company’s growth is slowing down. The company continued its impressive growth streak, reporting $7 billion (roughly Rs. 46,699 crores) in revenue in a quarter for the first time, which topped the expectations of most analysts who predicted… Read More »