ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
The idea is to create a start-up-like activity with a small business unit.
The Bansals losing out operational control of Flipkart comes at a time when global rival Amazon, in which Tiger Global holds a minority stake, is stepping up investment in India in an attempt to overtake the Bengaluru-based e-commerce firm.
People with merit are valued; not just degrees from prestigious institutions, Google CEO tells students at his old college.
The Taiwanese maker is adopting a model of setting up smartphone assembly lines in multiple cities across India.
Does s/he turn violent when the gadget is taken away?
Tariff cap offers Ola relief in battle with Uber. Though it might hurt their earnings, Ola believes the Karnataka High Court's judgement levels the playing field with Uber.
Safe or not, the global taxi giant can now track you even after you have been dropped off.
The hacking group say they will release information on those who help mask the rich.
A pod-like vehicle, which can touch top speeds of close to 1,200 km an hour, will make this amazing feat possible.
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
Amazon has committed over $5 billion to grow its business in India so far and says it will pump in more capital as and when needed, a big worry for rival Flipkart which has been struggling to raise funds over the past couple of months.
Both Indian firms have been in talks with investors for nearly a year to raise fresh funds of as much as $ 1 billion, but with little success so far.
On October 27, the Reserve Bank of India had allowed start-ups to borrow up to $3 million or around Rs 20 crore a year either in rupees or any convertible foreign currency.
Amazon's huge investment of $80 million a month didn't win it favour over customers during the festive season, with rival Flipkart selling more goods, reports Alnoor Peermohamed from Bengaluru.
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
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