The banks argue since the scale of credits is unforeseen, they will have to bear an unknown cost of servicing these accounts.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
It is not that platforms and products are something that Infosys has not tried earlier.
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
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During his last visit to India, Khosla had said the focus of Khosla Labs would be to fund innovations around Aadhaar.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
Aadhaar, an ambitious initiative of the previous government, has been used to initiate mandatory attendance for government officials, prisoner identification and by linking it to passports, mobile SIM cards and provident fund accounts.
Pichai and Page may prove to be a great partnership - one an ace executor and other a tech visionary
More companies with unconventional business models to get into messy legal hassles in India.
Wipro's revenue from the information technology services business for the quarter ended September was in line with its estimate, though it lagged some of its larger Indian peers in a few operating parameters. Chief executive T K Kurien tells Bibhu Ranjan Mishra he expects a few issues involving a couple of large clients to be resolved in a quarter, before all the company's engines start firing.
Govt expects to save Rs 10,000 crore through this move.
There is speculation that CSC is splitting its operations and HCL is likely to bid for it.
Tech start-up set to change wellness segment with cloud-based services.
E-commerce is awash in money, raising concerns about whether this is just another unsustainable internet trend headed for a bust.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
Bezos wears it on his sleeve, Nadella keeps it quiet
He was number three in 1999 when the company was founded.
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
Since most people in this segment might be using internet for the first time on their mobiles, user experience is important.
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