Bharti Airtel, India’s largest telecom company, will take a crucial step towards entering the financial services business as it launches its Payments Bank operation across India tomorrow. Payments Bank refers to a limited operations bank that can be primarily used for making transactions, and not for depositing money. The operator has already started operations of […]
There has been an explosion at the oil refinery in Kochi, operated by Bharat Petroleum Corporation Ltd. The explosion happened at the electricity generation plant at the refinery. The power plant works on gas and was undergoing maintenance. The BPCL refinery is crucial to the supply of oil products such as petrol, diesel and LPG […]
US-based G&D Integrated has decided to implement Ramco Systems’ logistics suite, the Chennai-based provider of cloud software said. The Illinois-based logistics provider has 1,000 employees at over 20 facilities across North America and represents the first logistics client for the company in the US. Ramco Systems will implement its comprehensive Logistics ERP Suite covering Finance […]
It is no secret that India’s second biggest telecom operator by revenue — Vodafone — is under threat from a rapidly growing No 3 — Idea Cellular — and an aggressive newcomer — Reliance Jio. Though Idea is still behind the British firm when it comes to total revenue, Idea has already overtaken Vodafone as […]
Vodafone has launched its 4G network in UP West and Uttarakhand offering “4 times” as much data for a 1GB pack. Among the first wave of cities are Dehradun, Haridwar, Aligarh, Nainital and nine other prominent business, tourism and educational hubs. “4G services will soon be available across several other major towns across the circle […]
Ramco Systems, the Chennai-based cloud services provider, has inked a “multi-million-dollar deal” with Panasonic Group of companies in Malaysia to digitize HR and Payroll operations for its nearly 20,000 employees. The contract marks a major win for the company. Typically, cloud contracts tend to be small sized affairs, but the Panasonic deal is one of […]
Bharti Airtel, which has come up with various ‘free data’ schemes of late, has kicked off one more such scheme — offering 3 GB of free data per month for those availing certain handpicked recharge and billing schemes. For prepaid users, the free data is available if they recharge Rs 345 per month. The Rs […]
Customers of PayTM, India’s largest wallet service can now make payments using the Unified Payments Interface, the government of India’s open payments platform. The company has signed up with ICICI Bank be able to receive payments from its customers who are on the UPI platform using its ID ‘paytm@icici’. However, customers cannot simply transfer the money to […]
IT peripherals brand Zebronics India Pvt. Ltd has launched a pair of high power tower speakers at a price of Rs 22,222, calling it the first of its ‘DJ’ series of speakers. The speakers, each of which contain two 15-inch speakers, have a combined output of 180 watt RMS, which make them suitable for use […]
Mark Zuckerberg, the founder of Facebook and reportedly the fifth richest person in the world, no longer wants to be identified as an ‘atheist’, he said on the social network he created. “No,” he said, when asked if he was (still) an atheist. “I was raised Jewish and then I went through a period where […]
Paynear, which helps shopkeepers and businesses to accept card payments without buying a point-of-sale (POS) machine, has tied up with Axis Bank to implement support for UPI or Unified Payment Interface. UPI allows users to send and receive money and make payments using IDs that resemble email addresses (for example, rajesh@icici). Paynear is an Indian […]
MobiKwik, Indian mobile wallet major, today announced its tie up with Amul, the Indian dairy cooperative. The association will help customers of Amul in making cashless payments with MobiKwik at 7000 Amul outlets and 3 lac Amul Multi brand outlets & retailers across India. “In today’s less cash economy , through this pan India initiative […]
Reliance Communications Ltd announced the signing of binding agreements with Brookfield Infrastructure for the sale of nationwide tower assets to Brookfield Infrastructure Partners LP and its institutional partners. RCOM will receive an upfront cash payment of Rs. 11,000 crore (US$ 1.6 billion). RCOM will also receive Class B non-voting shares in the new Tower company, […]
Bharti Airtel launche its 4G services in Assam, starting with Dibrugarh and Tinsukia. “With this, customers in Dibrugarh and Tinsukia can now enjoy high speed mobile broadband on Airtel 4G and get on to the digital superhighway to enjoy uninterrupted HD video streaming, superfast uploading and downloading of movies, music and images,” the company said. […]
Fitch Ratings has downgraded India-based Reliance Communications Limited’s long-term rating to ‘B+’ from ‘BB-‘. “It is our view that Rcom’s plans to demerge its wireless business into a 50:50 joint-venture and sell 51% of its tower business, Reliance Infratel Ltd (Infratel), will be negative for Rcom’s creditors, even if receipts from the tower transaction are […]
Bharti Airtel, India’s largest telecom company, has started giving ‘more than full’ talktime on easy recharges that can be done from any vendor. The lowest such denomination of Rs 200, which will now give Rs 220 in terms of talk time, according to dealers. Earlier, a recharge of Rs 200 would have given a talktime […]
Hit by competition from Reliance Jio, Bharti Airtel, India’s largest telecom company, is offering a whopping 6 GB of 4G data for Rs 147 with a validity of 28 days. The offer is being rolled out only to prepaid users, and can be seen only in the ‘only for you’ deals section of Airtel’s recharge […]
Bharat Sanchar Nigam Ltd has unveiled a new unlimited call plan, matching bigger rivals such as Idea Cellular and Bharti Airtel. While Airtel and Idea offer unlimited calls to any network in India plus 1 GB of 4G data for Rs 345, BSNL is doing so with a new recharge of Rs 339. In addition, […]
PayTM, India’s largest wallet company, has been cheated to the extent over Rs 6.15 lakh by 48 customers claiming illegal refunds for goods they already received. The fraud does not involve any leakage of money from the wallet service, but is centered around claiming illegal refunds for goods that were ordered, and received via PayTM’s […]
BSNL Chairman and Managing Director Anupam Shrivastava blamed delays in procuring key equipment for the present backward condition of the state-owned telecom operator. The company, which was once profitable and dominated India’s telecom sector, has run up huge losses in the last several years, while private telecom companies have reaped tens of thousands of crores […]
