Today, more about 35 per cent of Amazon's traffic is through mobiles.
IT companies see this as a huge opportunity.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Union Bank of India posted a 75.94 per cent rise in net profit at Rs 552.69 crore (Rs 5.526 billion) for the financial year ended March 31, 2003, as against Rs 314.13 crore (Rs 3.141 billion) for 2001-02.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
India's batsmen came good on a flat track to put up 369 for 5 on Day 3 of the first Test against Australia in Adelaide on Thursday. Wriddhimaan Saha (1) and Rohit Sharma (33) were at the crease at the draw of stumps. Images from the day's play.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
A tussle between the Delhi government and the Lt Governor has left bureaucrats vulnerable to sudden transfers.
The endorsement career of India's megastar Amitabh Bachchan displays his relevance in diametrically opposite roles and product categories.
Ahead of the three-match series, commencing in Dharamsala on Friday, Rajneesh Gupta presents a recap on battles between the two sides over the years.
'Any new technology, either before or soon after its release, will face severe criticism by one or the other segment of society. It is only after seeing the benefits of new technology for themselves that our farmers accept it.' 'The arable land in India is not increasing and currently hovers at around 140, 145 million hectares.' 'Today, Indian agriculture has to work towards achieving nutritional security.'
A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
India relied on their bowlers to stage a remarkable recovery scripting a comfortable 48-run win in the second cricket One-day international against the West Indies to level the five-match series 1-1 in New Delhi.
Mohammed Shami was the wrecker-in-chief as India scored a resounding innings and 51-run victory over the West Indies in the first Test at the Eden Gardens in Kolkata on Friday. Victory, sealed with well over six sessions left, gave India its fifth Test win in a row, after the 4-0 whitewash of Australia earlier in the year.
Retired senior US diplomats Teresita and Howard Schaffer believe the 'US cannot afford to continue restricting its contacts with Narendra Modi.' Rediff.com's Aziz Haniffa reports from Washington, DC.
The West has always preferred a timid, half intelligent and a dependent India rather than a decisively independent and self-reliant one. A pliable Indian leadership suits the West best, says Tarun Vijay.
Ravindra Jadeja's superb all-round showing helped India win the ICC Champions Trophy with a thrilling five-run victory over hosts England in a rain-shortened final in Birmingham on Sunday.
It is a dark legacy bequeathed by Nehru to India. In its DNA lies the subconscious fount of India's schizophrenic geopolitics that forsook in one sweep all its historically-entrenched strategic interests in Tibet in favour of China, says R N Ravi, on the 60th anniversary of the Panchsheel Agreement.
With the launch of the first indigenous aircraft today, India will join a club of nations like the United States, Russia, China, the United Kingdom and France that possess nuclear-powered submarines
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
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