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2 August, 2018 1:31 PM Jio, SBI Expand Payments Bank Partnership; Bring SBI YONO App to MyJio

Jio on Thursday announced an expansion of its digital partnership with SBI. To recall, Jio and SBI are joint partners in the Jio Payments Bank, which commenced operations earlier this year; while the former has 70 percent stake in the JV, the latter has the remaining 30 percent. The expanded partnership will see the MyJio app offer SBI’s YONO digital 108

1 August, 2018 8:53 AM Airtel Partners Razorpay for UPI Payments on Site and App

Bharti Airtel is partnering with Razorpay, a payments solution company, to enable users to make online payments through UPI (United Payments Interface). Razorpay on Tuesday announced that Airtel users will be able to make the payments via the MyAirtel app as well as its official site. With UPI-based payments, the company is promising an easy and quick 82

23 July, 2018 11:45 AM Buy Mahindra CIE Automotive; target of Rs 280: ICICI Direct

ICICI Direct is bullish on Mahindra CIE Automotive has recommended buy rating on the stock with a target price of Rs 280 in its research report dated July 20, 2018. Mahindra CIE’s consolidated revenues grew 29.4% YoY to Rs 1973 crore vs. estimate of Rs 1773 crore. Its operating margin expanded 125 bps YoY to 14.7% post margin expansion in India & European 73

20 July, 2018 12:22 PM Finance ministry asks banks to issue contactless credit and debit cards

NFC-enabled cards are issued by banks that allow users to just tap it against a compatible PoS machines instead of having to swipe it, which requires physical contact. In a step to boost the Digital India programme, the Finance Ministry has asked banks to start issuing near field communication (NFC)-enabled credit and debit cards to their customers 116

11 July, 2018 9:01 AM Govt may increase tax on petrol, diesel cars to encourage electric vehicle sales

The government is considering increasing tax rates on petrol and diesel cars with the aim to encourage sales of electric vehicles. As per a recent proposal by the Ministry of Finance, it has been advised to impose a marginally higher tax on conventional fuel cars. The ministry believes that the move will help avoid the additional financial burden that the government 62

5 July, 2018 7:42 AM Reliance to Create Hybrid Online-to-Offline Retail Platform: Mukesh Ambani

Reliance Industries' (RIL) Chairman & Managing Director Mukesh D. Ambani on Thursday said the company saw its biggest growth opportunity "in creating a hybrid, online-to-offline new commerce platform". According to Ambani, who was addressing the shareholders at the company's 41st Annual General Meeting (AGM) in Mumbai, the new commerce platform will be created 71

3 July, 2018 9:28 AM Ericsson Unveils India's First 5G Innovation Lab At IIT-Delhi

In a bid to stimulate the 5G ecosystem in India, Swedish telecommunications company Ericsson on Tuesday formally launched the country's first "Centre of Excellence (CoE) and Innovation Lab" for 5G at the Indian Institute of Technology (IIT) Delhi. "India cannot afford to miss the 5G bus. It is of strategic importance to us," Communications Minister Manoj 90

29 June, 2018 5:52 AM European Leaders Vow Tougher Action On Chemical Weapons, Spying

EU leaders on Friday pledged to crack down harder on chemical weapons and step up efforts to combat spying, as Europe frets about threats from Russia. Three months after a nerve agent attack in the British city of Salisbury, blamed on Russia, united the EU in condemnation of Moscow, the bloc's leaders said they wanted new measures to stop the spread 72

28 June, 2018 4:21 AM Universities Not Implementing EAT Module Will Not Receive Funds From UGC

MHRD has instructed all universities, deemed-to-be universities, and colleges to implement EAT module of PFMS with immediate effect. Ministry of Human Resource Development has instructed all universities, deemed-to-be universities, and colleges to implement EAT module of PFMS with immediate effect, failing which no funds will be released by UGC to such institutions 59

17 June, 2018 1:04 PM Ten Delhi Gurudwaras To Implement Food Safety Rules In Serving Langar

The more strict food safety and hygiene standards have been put in 10 gurudwaras where about 1 lakh devotees partake langar. The more strict food safety and hygiene standards have been put in place at all the 10 gurudwaras where about 1 lakh devotees partake langar, said Delhi Sikh Gurudwara Management Committee (DSGMC) president Manjit Singh 94