The RBI on April 6 directed all payments service providers to make sure "that the entire data relating to payment systems operated by them are stored in a system only in India."
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
"Satya Nadella is a perfect example of how appropriate, thoughtful immigration reform can benefit both our free-market democracies, says Ron Somers, president of the US-India Business Council.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
Housing Development Finance Corporation on Thursday said it would consider increasing the corporate lending rates but would not hike the interest rate on retail loans.
With India, the last round of talks took place in February 2011.
India is committed to getting back to a sustainable growth path of 8 to 9 per cent, Prime Minister Manmohan Singh has said, adding that such a target is achievable because the fundamentals of the Indian economy remain strong.
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
Esther Staubli is set to become the first female referee to officiate a match at the ongoing FIFA Under-17 World Cup 2017.
While mobile wallets are still busy exploring the multiple facets of interoperability, experts believe that bringing in new customers would be costly affair and the numbers of new wallet users might not see a major hike anytime soon.
Be extra careful while using credit cards because there is a risk of misuse
The government on Thursday decided to act tough on the casinos, credit cards and money changers by bringing them under the ambit of money laundering law.
New offerings by banks are changing the way you transact.
The OF saga has led to sex-workers looking at cryptocurrency as an alternative, notes Devangshu Datta.
Also, after years of rumours and speculation, Apple unveiled its first wearable device, Apple Watch.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
Apart from the Google team led by AI scientist Manish Gupta, the company will also partner with the research community across the country to focus on tackling challenges in fields like healthcare, agriculture, and education.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
It is ranked 7th on the list of world's top-10 consumer finance firms
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
While inaugurating the leadership summit of the US-India Business Council in Washington, DC, US Vice President Joe Biden said that there was no reason why the two largest democracies in the world should not continue to have a more productive relationship. Aziz Haniffa/ Rediff.com reports.
It is suggested that you get your SIM locked with which the wallet account is mapped.
Processing fee waived on car, gold and personal loans till December
'Fear is also a great impetus to push people in the right direction.' 'So, everyone who has touched black money is scared and I'm very happy about it.'
'This speech is going to be more of a punishment. I spoke too much this afternoon' A tireless Prime Minister Narendra Modi left over 700 notable luminaries in peals of laughter with his quick wit and sense of humour during a dinner and reception hosted by Indian Ambassador Subrahmanyam Jaishankar at the Taj-owned, The Pierre Hotel. In the presence of the who's who of desi Americans and US lawmakers, Modi once again thanked the Indian-Americans for their contributions and discussed his plans of developing India and the ties he hopes to nurture with America. Aziz Haniffa/Rediff.com presents a sneak-peak into the festive, grand dinner.
'We have never before seen an Indian prime minister's visit to the United States so heavily business-oriented and so packed with meetings with the US business community.' Aziz Haniffa/Rediff.com reports from Washington, DC.
Over 2,500 international delegates from more than 150 countries are expected for the Vibrant Gujarat Summit, as against 2,100 delegates from 121 countries in 2013.
Over 2,500 international delegates from more than 150 countries are expected for the Vibrant Gujarat Summit, as against 2,100 delegates from 121 countries in 2013.
The two governments have already set a target of increasing bilateral trade in goods and services to $500 billion.
The iPhone 6 represents the flagship smartphone of the company and whether or not it manages to compete with the Samsung Galaxy Note 4 or Sony Xperia Z3, you can bet Apple will create history once more.
America Inc tells Aziz Haniffa that Microsoft's new CEO validates what business leaders have long known - 'We need more Satyas travelling to the US'.
If you want to move up the corporate ladder, you must first understand that there are no short cuts.
Apple Pay also faces competition from Merchant Customer Exchange (MCX) - a consortium of retailers including Wal-Mart and Best Buy - which is developing its own mobile payment platform.
Google's Android 6.0 Marshmallow comes with some nifty features, says Himanshu Juneja.
'Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google,' Lary Page said.
'Obama probably thinks, "He is quite a guy!" Americans on Capitol Hill think, "He has guts. He is a big player".' An Indian official explains the importance of the Modi visit to Sheela Bhatt/Rediff.com
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
The first new product to be developed and introduced under Chief Executive Officer Tim Cook's reign is a wearable device
'This wipes out the entire black money in the nation in one stroke. Ninety per cent plus of the black money is kept in Rs 500, Rs 1,000 notes. What they have done is a brilliant move.'
'The mood in the country is the challenge. Everything is going well, but nobody is feeling good. Why? I don't know. Maybe aspirations are too high... The most important thing in life is to be a good person. Rahul is a wonderful person. He is a thinking man. He has convictions and is passionate about his work.' Sam Pitroda discusses the Congress party and Rahul Gandhi in an exclusive interview with Rediff.com's Sheela Bhatt.
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