Indian FIs are fast getting their act together to counter stiff competition from the banking entities.
Prosus NV, which owns PayU, has terminated a $4.7 billion (about Rs 38,400 crore) deal to acquire Indian payments firm BillDesk, saying certain conditions precedent were not met. Prosus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an all-cash deal to expand its footprint in India's booming fintech sector under the umbrella of its payment gateway PayU.
There is tremendous potential for increasing the Indo-British trade from the current $12 billion to $25 billion in the next couple of years, according to leading Indian parliamentarians and businessmen.
The government on Monday revised the economic growth to 8.5 per cent for 2003-04 from 8.2 per cent estimated earlier, mainly due to a bumper agricultural growth of 9.6 per cent.
Helped by robust growth in tourist inflow in the country, the Indian hotel industry saw their occupancy levels rising to 59.7 per cent in 2003-04, an increase of 4.9 per cent over the occupancy level of the previous year.
The threat may be a decade away, but it has brick-and-mortar sellers rethinking their strategies and banking on the govt to regulate online companies.
Ramesh Shrichand Damani feels that steady retail buying could provide a strong, broad-based boost to the Indian stock markets.
Allaying any apprehension on the US moves to curb BPO to India, the government on Monday told the Rajya Sabha that it would have a limited effect and BPO volumes to India were slated to touch $3.6 billion in value terms during 2004.
Even though Ravichandran Ashwin featured in just one game (against Australia), finishing with figures of one for 34, Mhambrey feels the veteran off-spinner has a lot to offer in terms of experience.
Is the current growth rate a fluke? Or can India really keep growing spectacularly? Tell us what you think!
Bilateral trade between India and China, the two fastest growing economies, is forecast to touch a record level this year at $10 billion, compared with last year's $7.6 billion.
Presenting Purvi Doshi's collection on the fourth day of Lakme.
India has been adding about two million mobile telephone users per month this year and the growth is expected to accelerate with full implementation of unified licensing regime, Telecom Regulatory Authority of India has said.
India's biotech sector is expected to grow 25-30 per cent during the current fiscal over Rs 1,830 crore revenue generated during 2002-03, according to a joint survey by the Association of Biotechnology Led Enterprises and Biospectrum.
IMAGES from Day 2 of the rescheduled 5th Test between England and India at Edgbaston in Birmingham on Saturday.
Global Internet firm Yahoo! on Thursday said it plans to ride on India's mobile explosion to drive growth for its products and services in the country.
India Inc has found renewed hope in the capital markets for the next six months but has painted a gloomy picture for the long-run due to the uncertainty arising out of impending general elections.
US Congressman Ro Khanna's message is that instead of depending on the 'hidden hand' of capitalism -- that is to say, the power of markets -- it is time for policymakers to play a more active role in making sure that a wide range of towns become locations for digital economy enterprises and jobs, points out Ajit Balakrishnan.
Rediff.com contributor Anita Katyal explains why the Congress is ill-equipped to battle the Narendra Modi government in the forthcoming Budget session of Parliament.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Local language information technology application market is likely to touch a revenue of $64 million by 2005 from the current $11 million, according to a study by Frost & Sullivan.
Demand for gold in India, the world's biggest market, has risen sharply with the wedding season in full swing.\n\n\n\n
'BOOM What play, captain saab!'
A peek into the industry that is mobile apps and its future in India.
Car sales in terms of numbers in India in the just-concluded financial year (2013-14) have gone down in over a decade, confirming once again the extent of the economic slowdown.
'On the set, Ranveer and I got along really well. Ten days after the release, Ranveer messaged me and said, you have killed the scene! For someone like him to message me just says how supportive person he is of newcomers.'
Even if no statistical jugglery is afoot, only to warn that the 'noise' in the numbers should be eliminated in order to hear the underlying music, without distortion, warns T N Ninan.
Like every year speculation is rife on who the contestants of Bigg Boss Season 8 will be? While the Colors channel is tight lipped about the final list, we have managed to source the list of most likely contestants who will be locked inside the house.
Travelling has become a hassle-free and safe experience in India thanks to radio cabs.
He will be remembered for mustering the courage to take on former chief ministers and the state's political heavyweights M Karunanidhi and J Jayalalithaa in the political arena on his own terms and also hold his own against them.
Halloween seemed to be the perfect day to screen the horror comedy Phone Bhoot, starring Katrina Kaif, Ishaan Khatter and Siddhant Chaturvedi.
The three-day discount sale launched by domestic airlines have boosted forward bookings of carriers in February and March, a lean season for travel.
Real estate players also report an increase in demand from the IT sector.
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