Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
After IPL exit, beverage maker signs up as first BCCI on-ground sponsor
Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.
Amazon has built the largest store in India with 22 million products.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Flipkart claims to have more than 90,000 sellers on its platform.
Slowing funding cycles for early-stage companies, freshers opting for more established firms, and many opting for places with better infrastructure are slowly taking away Koramangala's tag of 'India's Silicon Valley'.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
Relieved after the Delhi high court's direction to the South Delhi Municipal Corporation to issue a provisional occupancy certificate, required to stage the fourth Test between India and South Africa, Delhi and District Cricket Association vice-president Chetan Chauhan welcomed the appointment of Justice Mukul Mudgal to oversee the affairs of the match at Feroz Shah Kotla.
Idea is to bring millions of small and medium enterprises online by making it easy for them to list and sell.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
Their bootstrapped brand sold 25,000 units on Flipkart in five days during the 2017 festive sale.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
Online marketplace majors, e-grocers, Internet of Things firms, app-based companies and transport service aggregators are among those that have had to shut shop or scale down operations. Now, survival skills like upskilling and retraining will determine who makes it.
Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
The programme has triggered a huge debate in India.
'Make every trip feel like an escape' says the Uber website. Ironically, it remains to be seen how the company can get away from this controversy.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
Loses notional value by 37.5% because of markdowns by investors
Demand is expected to grow as most customers await a drop in prices.
Companies bank on festive season to beat slow market blues
A 20-minute chopper ride over Delhi, followed by lunch comes for Rs 5,000.
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Reliance, Birla Group, Airtel eye small finance banks.
At a time when the Modi government is attempting to push cashlessness with coercive means, Devangshu Datta explains why cash usage is popular even in nations with good cashless infrastructure.
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy.
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
Websites that compare product prices and offer cashback can help you get attractive deals and discounts.
Companies are innovating with tech tools to ensure that you spend less time at the cash counter.
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
The lasting influence of Amitabh Bachchan's Supremo, hitchhiking with Salman Khan, a taste of Tom Alter, Padmaavat's best scene and more in Sukanya Verma's Super-filmi Week.
Things are expected to change dramatically in a few years for urban consumers.
Renault Kwid plays the reinvention game to suit changing customer behaviour
'India cannot function the Chinese way and the sooner people realise that, the better it will be.'
Indians waiting patiently in serpentine queues outside Mumbai banks tell Rediff.com's Syed Firdaus Ashraf they are ready to suffer for the larger good of the country.
