Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
Rediff readers share their Cash Crisis experiences.
Investors need to evaluate the offerings of a broker in totality before selecting one.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
"In response to India's payments data circular, we've built a system that stores payments-related data locally in India," WhatsApp spokesperson said in a statement.
Both firms have made several applications for patents pertaining to digital payments in the country
The Walmart chief stated that the values of the two companies were "very much aligned"
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
After raising $2.5 billion from SoftBank's Masayoshi Son and his Vision Fund, Sachin Bansal and Binny Bansal are back in the driving seat at Flipkart, the company they founded over a decade ago.
The currency ban has changed the lives of the people facilitating this move across India.
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.
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
Its share among top three e-commerce players grew to 57% in March 2017 from 45% in June 2016
Things are expected to change dramatically in a few years for urban consumers.
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
India's Internet economy has two choices: An immediate $30 billion Sale-and-Leaseback or a $3 trillion value harvesting over decades, observes Vibhu Arya.
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
With the use of e-wallets gaining momentum after the note ban, e-wallet service providers have doubled down on developing new security features in their apps. Sharath Chowdary reports.
The West Bengal chief minister also accused the PM of 'removing crucial files' related to demonetisation.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Watal panel had suggested an independent payments regulator be set up.
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.
The hacking group say they will release information on those who help mask the rich.
The friction between the BCCI's top brass and the Committee of Administrators (COA) again came to the forefront when the distribution of complimentary passes for the third India-i Lanka T20 International led to a tussle between the two sides.
India ranks third among global startup ecosystems.
Tamil Nadu Election Candidates, TN 2016, Deepika Election Live, Thanjavur Election are some of the apps keeping people hooked to their handsets.
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
Facebook will now directly compete with Slack, HipChat, Yammer and a few others in this space.
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
'My election slogan will be 'kaam bolta hai.' 'Those who have lined up outside the banks will also line up on voting day and vote against the BJP.'
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
For the four new players, the spike in wealth is 126 per cent.
Flipkart claims to have more than 90,000 sellers on its platform.
Nilekani said new-age technology markets work on a winner-takes-all basis.
Beware of spot offers and discounts aimed to lure you into binge buying.
Companies bank on festive season to beat slow market blues
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