News for 'Global Transaction Services'

The main task before the next Modi government

The main task before the next Modi government

Rediff.com27 May 2019

Modi campaigned on the issue of national security, which cannot be ensured without a strong economy.

MoneyGram's festive offer for NRIs

MoneyGram's festive offer for NRIs

Rediff.com15 Nov 2005

NRIs transferring money can call MoneyGram's toll free number at 1-800-MONEYGRAM to find a convenient US Bank location.

Has Modi broken away from Trump and Trumpism?

Has Modi broken away from Trump and Trumpism?

Rediff.com7 Jan 2021

It is entirely conceivable that Modi began realising at some point that it will be a liability for India if he is seen as Trump's fellow traveller, observes Ambassador M K Bhadrakumar.

FIPB to take up 34 FDI proposals on May 13

FIPB to take up 34 FDI proposals on May 13

Rediff.com11 May 2014

SSTL is the second operator after Vodafone that has approached FIPB for raising FDI limit.

10 HOT careers for IT grads

10 HOT careers for IT grads

Rediff.com15 Apr 2021

Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.

Nokia says Microsoft deal to be delayed by a month

Nokia says Microsoft deal to be delayed by a month

Rediff.com24 Mar 2014

The two companies have received most of the required regulatory approvals, including clearances from the European Commission and the US Department of Justice.

Inflation, CAD and fiscal deficit have come down: Prez

Inflation, CAD and fiscal deficit have come down: Prez

Rediff.com29 Jan 2018

The President said that because of the policies of the government foreign investment has increased from $36 billion to $60 billion during the period.

India to seek foodgrain stockpiling solutions at WTO

India to seek foodgrain stockpiling solutions at WTO

Rediff.com10 Feb 2017

New Delhi to push for services trade facilitation & food stockpiling.

Now, even Indian lawyers bank on Artificial Intelligence

Now, even Indian lawyers bank on Artificial Intelligence

Rediff.com21 Mar 2017

With the demand for lower costs in process driven activities and a move away from the high rate, billable hours of legal services, AI platforms are being used internationally in many legal tasks.

Mukesh to ready RIL for the Big Billion frenzy this Diwali

Mukesh to ready RIL for the Big Billion frenzy this Diwali

Rediff.com7 Mar 2019

RIL is setting up infrastructure for a full-fledged horizontal e-commerce offering - internally called the New Commerce - to simultaneously launch pan-India by October-November.

Novartis-GSK-Eli Lilly deal may affect Indian market

Novartis-GSK-Eli Lilly deal may affect Indian market

Rediff.com23 Apr 2014

On Tuesday, Novartis agreed to buy GSK's oncology products business for $14.5 billion, while selling its vaccines business, excluding flu, to GSK for $7.1 billion.

India needs to shoot for 10pc growth target

India needs to shoot for 10pc growth target

Rediff.com15 Oct 2017

Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.

Microsoft-Nokia deal receives CCI's green signal

Microsoft-Nokia deal receives CCI's green signal

Rediff.com29 Oct 2013

Fair trade watchdog CCI has approved Microsoft's proposed $7.2 billion acquisition of Nokia's mobile devices business, citing that the deal would not have adverse impact on competition in the Indian market.

Jio, Microsoft team up for digital transformation

Jio, Microsoft team up for digital transformation

Rediff.com12 Aug 2019

The alliance combines capabilities of both the companies to offer a set of solutions comprising connectivity, computing, storage solutions, and other technology services and applications required by Indian businesses, and will span the broad Reliance Industries ecosystem, including its existing and new businesses.

Budget goodies for GIFT City, markets likely

Budget goodies for GIFT City, markets likely

Rediff.com11 Jan 2016

Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.

Mobile remittances: A potential game changer in India?

Mobile remittances: A potential game changer in India?

Rediff.com25 Jun 2013

While Indians are increasingly using mobile platforms and technology for various financial transactions and purchases like bill payments, ticket bookings, entertainment, travel and banking transactions, cross border mobile remittance is yet to see the light of the day.

US says India is discriminating against its telco manufacturers

US says India is discriminating against its telco manufacturers

Rediff.com28 Jun 2013

Expressing deep concerns over India's policy of preferring domestically manufactured information and communication technology goods, the apex body of US telecom industry has told lawmakers that this will have negative impact on exports and economic competitiveness.

From Rs 3 cr to 20 cr: RustOrange's success story

From Rs 3 cr to 20 cr: RustOrange's success story

Rediff.com13 Dec 2021

RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.

India lost Rs 90K cr to false trade invoicing, says US think-tank

India lost Rs 90K cr to false trade invoicing, says US think-tank

Rediff.com6 Jun 2019

In 2016, almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from just one country, China, which was by far India's largest source of imports in that year

India Inc strikes 113 PE deals worth $2.1 bn in Q2

India Inc strikes 113 PE deals worth $2.1 bn in Q2

Rediff.com20 Oct 2013

Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue

HSBC under lens for hiring candidates linked to govt officials

HSBC under lens for hiring candidates linked to govt officials

Rediff.com22 Feb 2016

Facing black money investigations in India and several other countries, global banking giant HSBC on Monday said it is also being probed in the US for hiring candidates related to government officials in Asia Pacific.

Blackstone to buy Mphasis for up to Rs 7,071 crore

Blackstone to buy Mphasis for up to Rs 7,071 crore

Rediff.com4 Apr 2016

Hewlett Packard currently owns 60.5 per cent of BSE and NSE-listed Mphasis.

Why Are Bankers SMILING At Last?

Why Are Bankers SMILING At Last?

Rediff.com8 Oct 2021

Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.

'Trump's outburst on Pak may push it closer to China'

'Trump's outburst on Pak may push it closer to China'

Rediff.com5 Jan 2018

Trump had accused Pakistan of providing safe havens to terrorists.

Dewan Housing makes Rs 962 cr payment, to seek ratings upgrade

Dewan Housing makes Rs 962 cr payment, to seek ratings upgrade

Rediff.com11 Jun 2019

This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd.

Producing vaccines is not like making 2 minutes noodles

Producing vaccines is not like making 2 minutes noodles

Rediff.com27 May 2021

'Even if Serum Institute and Bharat Biotech were successful in ramping up production overnight, what happens to the capacity after the demand from India is met?' asks Sanjeev Nayyar.

BSE to launch commodity derivative trades at GIFT City

BSE to launch commodity derivative trades at GIFT City

Rediff.com2 Dec 2016

The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.

UN blacklists Osama bin Laden's son, seen as successor of Al Qaeda

UN blacklists Osama bin Laden's son, seen as successor of Al Qaeda

Rediff.com2 Mar 2019

The sanctions list subjected him to a travel ban, assets freeze and an arms embargo.

Govt permits 100% FDI in online market places

Govt permits 100% FDI in online market places

Rediff.com29 Mar 2016

Market place model of e-commerce means providing of an IT platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller.

e-Payment regulations stuck as RBI unwilling to cede control

e-Payment regulations stuck as RBI unwilling to cede control

Rediff.com15 Dec 2016

Watal panel had suggested an independent payments regulator be set up.

Uber adds muscle to local arms

Uber adds muscle to local arms

Rediff.com14 Apr 2015

The San Francisco-based giant has acquired a Delhi-based company.

Don't punish non-maintenance of minimum balance: RBI

Don't punish non-maintenance of minimum balance: RBI

Rediff.com1 Apr 2014

State Bank of India does not levy any charge for non-maintenance of a minimum balance in basic savings account.

Rebalancing India-China, The Sri Lanka Way

Rebalancing India-China, The Sri Lanka Way

Rediff.com14 Feb 2022

Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.

Boosting exports key to solving India's economic woes

Boosting exports key to solving India's economic woes

Rediff.com30 Oct 2018

A long term solution to reduce India's Current Account Deficit will be to increase India's share of global merchandise exports, so that we are able use our exports to fund our imports, points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.

Market turbulence costs Airtel dear; Q3 net income plunges 72%

Market turbulence costs Airtel dear; Q3 net income plunges 72%

Rediff.com31 Jan 2019

Bharti Airtel's total revenue for the December 2018 quarter stood at Rs 20,519 crore, just one per cent higher than the Rs 20,319 crore in the corresponding period of the previous year.

How To PROTECT Yourself Against Online Scams

How To PROTECT Yourself Against Online Scams

Rediff.com18 Jun 2020

'The major worry for everyone using Internet-linked devices today is whether the latest download on his smartphone or laptop is a bait from a digital hacker who is out to secure access to his hard-earned money,' notes T A Ramalingam, chief technical officer, Bajaj Allianz General Insurance.

Buy your ticket from the airline and win sops

Buy your ticket from the airline and win sops

Rediff.com28 Dec 2017

While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.

Motilal Oswal: 'Demonetisation will hurt growth'

Motilal Oswal: 'Demonetisation will hurt growth'

Rediff.com14 Nov 2016

'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'

NUE: 6 in fray for digital payments licence

NUE: 6 in fray for digital payments licence

Rediff.com10 Mar 2021

The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.

How COVID-19 has impacted private equity firms

How COVID-19 has impacted private equity firms

Rediff.com30 Mar 2020

Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a harvest season like never before.