Rediff.com, one of India's pioneering internet companies, on Tuesday announced the appointment of Mr Vishal Mehta as its new Chairman and Managing Director. This key leadership change follows Infibeam Avenues Ltd's acquisition of a majority stake in Rediff.com.
'When global politics has some intervention on the core software one uses, and if you are cut off from your own data in critical workflows, sovereignty is no longer optional. It becomes a necessity.'
Infibeam appointed Kothari as president, strategy, corporate development, international operations, and investor relations.
'The only solution is for the government to allow us to charge a low controlled MDR of 25 bps on UPI P2M transactions only for merchants with more than a Rs 40 lakh turnover.'
Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is the process of replacing actual card details with a unique alternate code called 'Token' - thereby enabling more secure transactions.
Quick Heal Technologies which got listed in February has taken the steepest hit as its shares have slumped 31 per cent against its IPO price.
Projections suggest online food delivery market should grow to $22 billion by 2025.
The acquisitions were made in areas which are closely related to Reliance's key businesses - telecom, internet, retail, digital, media, education, digital, chemicals and energy.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'Kindly advise about the following stocks. Can I hold or exit?'
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.
Operator syndicate could be behind stock hammering, suspects regulator.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Among the gainers, microfinance player Ujjivan Financial Services which made its stock market debut in May has seen the biggest rally in its share price.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Eye business expansion, fulfil working capital requirements and making loan repayments
The deal, which will kick in after the holiday season, in January, will give Apple more visibility among online buyers in India. The partnership could help Apple take on Chinese smartphone maker OnePlus, which has become one of the leading player in the premium smartphone market thanks to Amazon.
Speaking at the annual management conclave 'Confluence 2014' held at the Indian Institute of Management, Ahmedabad (IIM-A), Rekhy stated that automation in manufacturing such as 3D printing will result in loss of job creation in the industry.
Business chambers now inviting start-ups for membership.
Flipkart has long been under the ED scanner for alleged violation of FDI rules.
The number of people, the average age and the smartness of the people, willingness to work hard and the fundamental culture of working, will work in our favour, said Kal Raman, CEO of Solutionstar, in an interview to Shobha Warrier/Rediff.com.
Demand is expected to grow as most customers await a drop in prices.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
The company has tied up with five distributors this year.
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