Shanghvi springs a surprise with payment banks bid

Dilip Shantilal Shanghvi, India's second richest person and managing director of Sun Pharmaceuticals Industries, the country's largest pharmaceutical company, seems to have a habit of throwing......

Dhirubhai Ambani, Dilip Shanghvi chosen for Padma awards

Son of a school teacher in a remote village in Gujarat, late Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.......

Microsoft keen to get bigger pie in payments bank segment

To tap business opportunities that the proposed payments banks will bring in, global technology company Microsoft plans to offer back-end support to these players. The company is in talks with some......

How 23 new banks will make an impact in India

RBI is planning to come up with 'on tap' licences which means there will not be any cut-off date for applying for the licences. The niche banks - small finance and payments banks -have been set up......