Aneesh Phadnis And Subrata Panda

Stories by Aneesh Phadnis And Subrata Panda

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Rediff.com   22 Jan 2021

A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.

PhonePe beats Google Pay, tops UPI app space in December

PhonePe beats Google Pay, tops UPI app space in December

Rediff.com   19 Jan 2021

These top two apps account for more than 78 per cent of the UPI market in terms of volume of transaction, and 86 per cent of the market by value of transactions in December.

TCS' market capitalisation touches all-time high of Rs 12 trillion

TCS' market capitalisation touches all-time high of Rs 12 trillion

Rediff.com   15 Jan 2021

Currently, TCS is India's second most valuable firm after Reliance Industries, which has a market cap of nearly Rs 12.9 trillion.

As airlines spread wings, regional connectivity gets a boost

As airlines spread wings, regional connectivity gets a boost

Rediff.com   15 Jan 2021

While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity.

Growth in health insurance segment slows as fear of Covid-19 subsides

Growth in health insurance segment slows as fear of Covid-19 subsides

Rediff.com   13 Jan 2021

Irdai had introduced two Covid specific products in the market - Corona Kavach and Corona Rakshak - that saw huge acceptance among the consumers as these products had lower premiums.

UPI breached 2 billion transactions 3 months in a row

UPI breached 2 billion transactions 3 months in a row

Rediff.com   12 Jan 2021

Surge in UPI transactions is because of an increased consumer interest in making bill payments and recharging mobile phones online, and purchase of non-essential goods on e-commerce platforms.

Soon you can buy insurance at petrol pumps, gas agencies

Soon you can buy insurance at petrol pumps, gas agencies

Rediff.com   9 Jan 2021

This will help expand the distribution channels, said Subhash Chandra Khuntia, chairman of the insurance regulatory and development authority of India.

Mutual funds set for digital disruption

Mutual funds set for digital disruption

Rediff.com   31 Dec 2020

Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.

In midst of holiday season, Dubai flights hit by seat allocation dispute

In midst of holiday season, Dubai flights hit by seat allocation dispute

Rediff.com   25 Dec 2020

Dispute arose as Indian carriers objected to Emirates flying passengers beyond Dubai, and Dubai authorities complained that Indian airlines have been flying more flights than allocated to its carriers.

Night curfew: New Year parties, travel plans fizzle out

Night curfew: New Year parties, travel plans fizzle out

Rediff.com   24 Dec 2020

Miffed hotels, restaurants stare at huge losses on account of advance planning for events that they now have to shelve.

4 show interest in PMC's EoI; curbs to stay till March

4 show interest in PMC's EoI; curbs to stay till March

Rediff.com   21 Dec 2020

In its EoI document, the bank had said it was open to converting into a small finance bank.

'Demand for home loans is rising steadily'

'Demand for home loans is rising steadily'

Rediff.com   19 Dec 2020

'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'

Now, RuPay cards will work offline too!

Now, RuPay cards will work offline too!

Rediff.com   19 Dec 2020

RuPay National Common Mobility Card's offline wallet can be used to make ticket payments in transit, including in metros, cabs, etc, enabling automatic, quick, cashless payments.

Bad loans set to rise in 2nd half of FY21: Axis

Bad loans set to rise in 2nd half of FY21: Axis

Rediff.com   18 Dec 2020

While the stress is lower than projections, it would be higher than what we saw last year because of the pandemic: Axis.

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Rediff.com   15 Dec 2020

The latest telecom war kicked off after some pictures surfaced, showing Airtel banners among agitating farmers. According to the Jio camp, it was a giveaway that farmers were being enticed to port their phone numbers.

Insurers face Covid claims of Rs 10,000 cr so far

Insurers face Covid claims of Rs 10,000 cr so far

Rediff.com   12 Dec 2020

According to the data compiled by General Insurance Council, which is not publicly available, the insurers have settled 508,334 claims amounting to over Rs 4,800 crore.

Was Peter Kerkar responsible for the 'death' of Cox & Kings?

Was Peter Kerkar responsible for the 'death' of Cox & Kings?

Rediff.com   12 Dec 2020

Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.

LIC has invested Rs 55,000 cr in equity market

LIC has invested Rs 55,000 cr in equity market

Rediff.com   9 Dec 2020

'In FY21, as of October, LIC has booked a profit of Rs 18,800 crore through sale of equities.'

Ministry urges Covid-19 insurance cover for foreign tourists

Ministry urges Covid-19 insurance cover for foreign tourists

Rediff.com   8 Dec 2020

Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.

LIC's equity portfolio value crosses $86 billion

LIC's equity portfolio value crosses $86 billion

Rediff.com   4 Dec 2020

Assuming that the value of LIC's holding has risen in line with the markets, its portfolio size today could be around $86 billion, higher than the previous record of $84 billion in March 2018.