RBI on digital payments: A win for UPI, a setback for Paytm and other wallet players?

Analysts expect the RBI to crack down on transaction fees levied for using e-wallets, a major setback for fintechs and their revenues. UPI transactions are expected to grow further if feature phone users are brought on the platform.

US stocks trade mixed following massive rally on receding Omicron fears

Pfizer and BioNTech issued an upbeat preliminary assessment of their vaccine's effectiveness against the latest coronavirus strain.

Trade setup for Thursday: Top 15 things to know before Opening Bell

The upmove of the last two sessions has erased the negative sentiment created by last Friday and this Monday. This is positive indication for the short term, says Nagaraj Shetti of HDFC Securities.

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Even as the Reserve Bank of India (RBI) kept key policy rates unchanged on Wednesday, analyst see the Central Bank hiking the reverse repo rate from February 2022. The hike is seen at 20-25 bps. The reverse repo rate – rate at which RBI borrows money from commercial banks – stands at 3.35 per cent

5 benefits of having a good credit score

Millennials are seen to indulge in lifestyle spending more, hence, for them maintaining a strong credit score is crucial to avail loans and credit cards in the future with better terms and conditions.

Sachin Bansal-backed Navi Tech kick-starts process for 2022 IPO; appoints four I-bankers

Navi has opted for the inorganic route in the past to enter segments and its businesses include lending, general insurance, mutual funds and microfinance. The firm is awaiting approval from the RBI for a universal banking licence to build a bank from the ground up, utilising the technology stack built in-house. It also has a stockbroking licence from Sebi.

This Japanese fashion mogul-spacefarer plans to give away cash from outer space

Japanese fashion tycoon Yusaku Maezawa plans to dole out money from space during his 12-day trip to the International Space Station (ISS), a Bloomberg report said. The billionaire has become a household name in Japan for his cash giveaways to Twitter followers. According to the report, Maezawa said that everyone participating in the handout will win some prize money. Earlier, winners of the fashion mogul’s online cash handouts that could go...

Angel One will launch a super app for Mutual Fund, Insurance Buying and Lending Product: Dinesh Thakkar, CMD

Dinesh Thakkar, Chairman and MD (CMD), Angel One, talks about the broking business, distribution business, strategy to increase margin, and his outlook on the market among others during an exclusive interview with Zee Business' Swati Khandelwal.

Airtel vs Jio vs BSNL vs Vi offer postpaid plans under Rs 1000, check details

The telecom companies have also reduced the streaming benefits with these prepaid plans that came with the tariff hike. Now, prepaid plans priced over Rs 500 give access to limited streaming benefits.

Why billionaire investor Ray Dalio feels an economic disaster is looming

Ray Dalio, the Co-Chief Investment Officer of the world's largest hedge fund Bridgewater, has stated that a new economic disaster is waiting to happen. The 72-year old billionaire warned that the United States is at risk of war with China and the resulting economic disaster could be terrible. “I think we’re at risk of a war with China. Largely due to misunderstandings,” Dalio was quoted as saying by CNBC. Also read: Explained: US and Aussie...

The metaverse could let Silicon Valley track your facial expressions, blood pressure, and your breathing rates — showing exactly why our internet laws need updating

Big Tech could gain much more personal data on you in the immersive metaverse — and use it to inform its algorithms and advertising partners.

Indian companies adopting 'Zero Trust', investing in SASE architecture: Cisco

A recent study by Cisco highlighted that 37 per cent of cybersecurity technologies used by companies in India are considered outdated by security and privacy professionals. However, companies in India are addressing this by investing in modern cybersecurity technologies.

Explore the eternity of SEO with Sourabh Dhanuk

Every digital marketing strategy benefits from an efficient targeting approach Even if you have no idea who your target audience is

5G will be the foundation of Digital India mission: Ericsson

Nunzio Mirtillo, Head of Ericsson, Southeast Asia, Oceania and India, speaking at the Indian Mobile Congress said that mobile connectivity is one of the biggest drivers of growth and his company is committed to partner India in its digital mission. CEO Vishal Garg apologises for mass layoffs over Zoom call

In a letter to employees that was leaked on Blind, an anonymous community app for the workplace, Garg said: "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you."

Thieves are using Apple AirTags to track luxury vehicles to owners' driveways before stealing them, police say

Police in the York Region of Ontario, Canada, said they'd investigated five vehicle thefts involving AirTags since September.

London Eye: Inflation heralds a less than merry Christmas

Official indices of inflation always appear a feeble follower to people’s experiences of it. But the new official indications bring worrying confirmation that just about everything is getting more and more expensive in Britain, and fast. The government blames Covid more than Brexit, but it is becoming undeniably clear that Brexit is at the bottom of changes hitting the British economy. And these do not appear as changes for the better. Of the...

IndiGo partners with CSIR for sustainable fuel

IndiGo on Wednesday announced that it has signed an agreement with CSIR-Indian Institute of Petroleum (CSIR-IIP), Dehradun to become partners in leading the deployment of sustainable aviation fuel (SAF) in India and globally.

Covid vaccine, Squid Game among top searches in 2021: Google

"Squid Game took the top spot this year for searches for TV shows to watch. But we also started to navigate a return to life outside the house, wondering how we should go about ditching the sweatpants -- the top trending search for `how to style...` was `how to style straight leg jeans`," the company said.

Back to office: Some offices have opened fully, others continue with hybrid model

While states have eased pandemic restrictions, not all companies are ready to call employees back to the office. Now, the new variant of the coronavirus isn’t making things easier.

With December 30 EGM, is the end in sight for IndiGo promoters' dispute?

The EGM convened by IndiGo’s parent company will probably help resolve the over two-year-long dispute between the airline’s promoters. A host of developments in recent months have necessitated the move, feel aviation experts.

Punjab registers 2nd highest GST cash collection since rollout of Central tax regime

The spokesperson said the GST revenue up to the month of November 2021 has witnessed a high growth of nearly 54 percent as compared to the corresponding period last year.

View | PMC Bank rescue blueprint: let bail-in not be resurrected surreptitiously

The Reserve Bank of India’s (RBI) rescue and resolution plan for ailing Punjab and Maharashtra Co-operative Bank (PMC), by proposing a draft scheme of amalgamation with Unity Small Finance Bank, is going to hurt the depositors despite the fact that on paper they are not being called upon to take any haircut. For, it tries to resurrect, through stealth, to put in bluntly, the discredited and thus aborted bail-in principle under which depositors...

Optimism returns, 75% mid-market enterprises expect operations to be back to pre-COVID levels in 2022: Report

While 83 per cent of the companies are now focused on digital resiliency initiatives to ensure business continuity, 57 per cent have already introduced automation in their operations.

How digital health platforms, insurance companies can partner for better health outcomes?

Black swan events such as COVID-19 have highlighted the need for people with chronic conditions like diabetes to better manage their health while simultaneously having financial protection to safeguard against unwanted healthcare happenings. In India, however, people with diabetes find it difficult to purchase health insurance with adequate protection. The challenge arises because of the stringent entry criteria for health insurance products in...

Review of NPA norms is need of the hour

Many of India’s business models have faced disruptions due to a number of major policy and structural changes undertaken in the last 5 years. While those changes augur well for the industry in the long run, they did create some temporary challenges, which has been reflected in the economic slowdown in the last few quarters. On top of that, the flow of credit has slowed down from both the banks and the Non-Bank Financial Companies (NBFCs). The...

SAP India survey: 74% of mid-market companies moving to cloud platforms

A survey commissioned by SAP India highlights that almost three-fourths of Indian mid-market enterprises have moved their applications to cloud platforms. The survey assessed over 350 Indian mid-market enterprises with an annual revenue between Rs 500 and 2,000 crore. The survey reveals that 82 percent of such midmarket enterprises are reducing their focus from on-premises business applications and hiking investments in cloud technology. That's...

Maharashtra retains top spot among states for most employable talent in 2022: Skills report

Maharashtra has retained the top position in the list of states with the most employable talent followed by Uttar Pradesh and Kerala, according to the India Skills Report 2022 which will be released on Thursday.

Bhasha Sangam mobile app launched with 100 sentences, 22 languages

Union Minister of State for Education, Dr. Subhas Sarkar announced the launch of Bhasha Sangam, a mobile app that can teach more than 100+ sentences in 22 languages.

Twitter tests new TikTok-like interface for Explore tab

The test is part of Twitter's ongoing efforts to improve personalised recommendations on the platform.

BIS on DeFi: How far can whole financial system run purely on automated transactions?

The Bank for International Settlement (BIS) in a review examining the state of decentralised finance (DeFi) recommended that activities taking place outside of the traditional financial system need some centralised regulation. DeFi is an umbrella term for different financial services that occur through public blockchains, like ethereum. The primary goal of DeFi is to remove middlemen like banks from financial transactions to improve efficiency...

IPO-bound Delhivery acquires Transition Robotics Inc with an eye on drone technology

With this acquisition, Delhivery said it aims to strengthen its capabilities in a wide range of applications, including aerial photography, remote sensing, inspection, and surveys.

Wealthy high schoolers are upping their application game to 25 colleges this year. It's setting up a big payday for schools while leaving lower-income students behind.

College applications are up 22% since 2019, but only 6% of those are coming from the lowest-income areas due to rising education fees.

Cabinet approves implementation of Ken-Betwa interlinking of rivers project

The project will generate 103 MW hydro power plus 27 MW solar power. The government will set up a special purpose vehicle called Ken-Betwa Link Project Authority.

What is ETH/BTC pair and why did it rise amid crypto crash last week?

Even as bitcoin crashed last week pulling the crypto market lower, the ether-bitcoin (ETH/BTC) ratio rose by nearly 13 percent hitting an over three-year high. This was seen as an anomaly as traditionally the pair has only rallied during bull runs. A trading pair, like ETH/BTC, is a function that represents two currencies that can be traded for each other on an exchange. For example, when you buy a bitcoin using rupees, the trading pair is...

From Rs 400 salary to CEO of Rs 700 crore company: The success story of Quick Heal founder Kailash Katkar

Today the founder of a company worth Rs 755 crore 55 year old Kailash Katkar started his career as an ordinary calculator repairman

Top News Podcast: CDS General Bipin Rawat dies in air crash; RBI retains repo rate at 4%; Nykaa shares tumble and more

Chief of Defence Staff General Bipin Rawat, his wife Madhulika Rawat and 11 more personnel of the armed forces died as the military chopper they were on board crashed in Tamil Nadu on Wednesday afternoon. Prime Minister Narendra Modi, Defence Minister Rajnath Singh, and the armed forces condoled the deaths. Meanwhile, at the Reserve Bank of India monetary policy announcement, the central bank kept the benchmark interest rate unchanged at 4...

Shriram Properties IPO: Check latest subscription status, GMP

Shriram Properties' initial public offer received an 89 per cent subscription on the first day of the offer. Investors can now check the latest subscription status and GMP to decide on whether to invest or not in the offer.

How credit line is redefining credit accessibility for millennials

Apart from the instruments like credit card, buy now pay later (BNPL) etc, one of the lucrative options to get access to credit is credit line.

Covid-related queries make up for most of Google India's list of top 'How to' searches

Google Year in Search 2021: Goa topped the list of states that googled "How to make oxygen at home", followed by Chandigarh, Haryana, Jharkhand, and Delhi.

Rupee recovered from lows to end nearly flat against US dollar

The rupee staged smart recovery from intra-day lows to close with a marginal 2 paise loss at 75.46 (provisional) against the US dollar on Wednesday after the Reserve Bank left the key policy rate unchanged and retained its accommodative policy stance to support economic growth.

SPARC signs licensing pact with Visiox Pharma for ophthalmic products

The company has entered into an agreement with Visiox Pharma LLC (Visiox) to grant exclusive worldwide rights (except for India and Greater China) for the development and commercialisation of PDP-716 and SDN-037, SPARC said in a statement.

We are curious about India and are figuring out our country strategy: IKEA’s country expansion manager, Per Hornell

On December 9, IKEA India is launching its first small-format store and in Mumbai. The Swedish furniture maker, experimenting with an omnichannel strategy, will have large and small format stores, and e-commerce apps.

Edtech company Byju's acquires Austria's GeoGebra

Continuing its aggressive acquisition spree, Byju's on Wednesday said it has acquired Austria-headquartered GeoGebra.

Sequoia India selects first cohort of women-led startups for Sequoia Spark Fellowship

Sequoia India has announced the list of 15 women-led, early-stage startups that have made it to the first cohort of the Sequoia Spark Fellowship Program. The venture capital firm will offer a $100,000 equity-free grant to cover the early costs of starting up and provide mentorship to women entrepreneurs selected for the fellowship. The program seeks to bridge the gender gap in the startup ecosystem by encouraging more women in Southeast Asia and...

Funding Rundown: Ola Electric raises Rs 398 crore, Flip gets $48 mn from Sequoia India

Ola Electric raises Rs 398 Cr from Temasek and others Ola Electric has raised about Rs 398.3 crore in a fresh funding round from investors such as Temasek, IIFL, Edelweiss, Vijay Shekhar Sharma’s VSS Investco and DST Global's Rahul Mehta. The firm allotted a total 371 shares at Rs 1.07 crore each, as per regulatory filings sourced from Tofler. Temasek invested Rs 185 crore, while Edelweiss put in Rs 111.6 crore and IIFL invested Rs 74 crore....

Vedanta to announce second interim dividend on December 11

Almost after three months, Vedanta Limited is all set to announce a second interim dividend for the financial year 2021-22, the company said in a filing to exchanges on Wednesday. The company according to BSE filing said, “The Board of Directors of the Company (the “Board”) on Saturday, December 11, 2021, will consider and approve Second Interim Di...

London, Paris, New York! RMZ Corp eyes key gateway cities as it plans to go global

The company has its sights on an annual capital deployment of $4 billion, and out of this, a major portion of 15 percent will be used for global expansion, RMZ chief Manoj Menda reportedly said.

Consumers spent $135 bn on mobile apps in 2021: App Annie report

Total consumer spend across iOS and Android rose by 25 per cent YoY to $135 billion.

Even more job openings were posted in October while quits stayed near record highs

October's JOLTS data shows the labor shortage persisting with a near-record 11 million job openings. Another 4.2 million quit their old jobs.