Category Archives: Business

Jio crosses 50 million subscriber mark in 83 days

Mukesh Ambani-promoted Reliance Jio has crossed the 50 million subscriber mark in less than three months after its full-fledged 4G services launch to emerge as the largest broadband operator in the country. According to PTI’s sources, Jio – setting a new record – has acquired 1,000 customers per minute (since September 05) and 6 lakh per day. “Jio… Read More »

Demonetisation: India needs an official mobile wallet from the government

The Government is releasing a steady stream of applications but has missed out on one important necessity of the citizens in the wake of the demonetisation. An official, Government sponsored mobile wallet that the people can trust and use with peace of mind. Post demonetisation, Paytm is processing over 7 million transactions a day, worth over Rs 120… Read More »

Demonetisation: How banks can help trace black money using technology

After the Rs 500 and Rs 2000 currency notes were banned by the government, it was common knowledge that such an exercise can never reach fruition, simply due to the logistics involved. That hunch was today vindicated when the government announced the stopping of all currency exchange at the banks. It was simply not possible. People who have… Read More »

Narendra Modi app seeks opinion on demonetisation of Rs 500 and Rs 1000 notes

After demonetisation of Rs 500 and Rs 1000 notes in India, the country has been under a bit of a crisis. The announcement was made on 8 November by Prime Minister Narendra Modi which has led to numerous lines outside banks and ATMs. It has been over two weeks since the announcement and now it seems that Modi himself wants… Read More »

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 »