According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
Jeff Bezos, chief executive officer of Amazon, has committed to invest $5.5 billion into India and that figure is approaching quickly.
Indian online shoppers spent an average of $224 in 2017, which was less than a tenth of what the average user spent online in the US at $2,237 in the same year
The Department of Posts was one of the 11 entities to get the in-principle nod from the Reserve Bank of India in 2015 for setting up a payments bank.
The government is also trying to curb child abuse and pornography and such platforms act as catalysts in these cases.
Bengaluru-based InMobi and Microsoft combine their powers to break the stranglehold of Google and Facebook in the digital advertising space.
If it happens, this would mean the largest spectrum auction in terms of amount with over 7,000 Mhz going up for sale across eight bands
Experts say data localisation and sharing is probably the single-biggest detriment that the draft policy talks about, the rest have no or minor repercussions on the players
'Please don't forget there's still one final piece to fall in place, which is the Supreme Court judgment. Once that happens, it will be ready for being passed.'
In a bid to curb the spread of fake news, the US-based company is testing a feature, which enables users to detect harmful links sent and received.
'Ola in India makes money on every ride. Our focus over the past couple of years has been to keep growing the market and our share in the market and build up on sustainable business,' says co-founder and CEO Bhavish Aggarwal.
The California-based company has been facing flak recently after about a dozen people were beaten up based on incendiary messages being spread on the app through large groups.
IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.
The new proposals will lead to complex processes and huge costs for telecom service providers, without any substantial benefits: COAI
Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
It has once again returned to strong growth after a brief hiatus, spurred by the return of investors' confidence (and cash) in India's online food ordering sector.
Dahiya's first internet-based venture to sell insurance failed, but he was convinced digital was the future
The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
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