HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Fund transfer through Facebook is meant for tech-savvy customers.
Russia asks World Athletics to postpone decision on possible expulsion.
The Punjab police has arrested a Border Security Force jawan for allegedly helping in cross border smuggling of weapons and narcotics.
A sub-inspector was shot at allegedly by some students in Meerut district when he tried to end an altercation between the students over the payment of a mobile phone bill in a hostel, police said on Saturday.
Many of India's fintech entities and banks have stored all their customer data in India; however, many do use foreign servers, for operations, providing services and for data analytics.
'I shot the video in January 2014 and I had no idea then that demonetisation will happen.' 'Narendra Modi mentioning my video is the ultimate (high).' 'Even beggars can go tech savvy. I believe technology can be a great leveller.' Kaur spoke to Rediff.com's Syed Firdaus Ashraf about the video which the whole country is talking about.
'I shot the video in January 2014 and I had no idea then that demonetisation will happen.' 'Narendra Modi mentioning my video is the ultimate (high).' 'Even beggars can go tech savvy. I believe technology can be a great leveller.' Kaur spoke to Rediff.com's Syed Firdaus Ashraf about the video which the whole country is talking about.
Bhattacharya has moved up five spots from the previous year to 5th this year.
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain. Without Voda Idea, the Group will become smaller than Airtel and Jio.
With a simplistic user interface, one can select what items one needs
WhatsApp says business profiles verified by it will carry a green badge, similar to how parent Facebook verifies businesses with a blue tick.
Microsoft had acquired Nokia's phone business for $7.2 billion two years ago under its then CEO, Steve Ballmer.
There were opportunities in having these people to open bank accounts and use phone banking, said Pitroda.
The prime minister said gradually people are "shedding their hard currency mindset" and moving towards digital currency and the youth are leading the way using their mobile phones as the new tool to make and receive payments.
CanvasM said that within the next 6 months it will launch Colored Notes, a mobile phone messaging application, in India. Colored Notes will enable users to animate their text messages via emoticons.
The Income Tax department on Friday moved the Delhi High Court seeking "directions/clarifications" of the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.
The government started promoting cashless transactions but forgot that it needs infrastructure.
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.
Paytm has, since November 8, been on an overdrive, rolling out a series of features on its app including multi-language options for a no-holds barred access across the country. The company is now planning to make Paytm available on all types of mobile phones, going much beyond smartphones.
The states will be asked to tap the Centre's JAM trinity.
They say that a stimulus package may not be necessary because, unlike last year's total lockdown, public transport, including the railways and airlines, is running and the restrictions on movement are localised and, in some cases, are partial rather than total.
TDSAT had stated no amount was payable till resolution of the disputes.
... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The court, in its order, noted that the investigation in the case was of prime importance and considering this aspect, the further presence of the accused before the NCB was necessary.
The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
The preference for digital banking now cuts across all customer segments.
Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18.
'Life will not improve overnight; it will happen in a gradual manner.'
Geo-fencing to map vehicle route; pilot run expected on Delhi-Mumbai highway
USAID looks forward to working with each to make financial inclusion a long-lasting and sustainable reality in India.
While most others have not been able to replicate the WeChat model successfully, experts expect Jio to be able to score on its 300 million plus new mobile phone users.
The CoWIN portal will be made available in Hindi and 14 regional languages by next week, while 17 more laboratories will be added to the INSACOG network to monitor the variants of COVID-19, the health ministry said on Monday.
Going to the bank and using your passbook to find out your bank balance while still available and widely used, technological innovations have brought your bank at your fingertips.
The royalty payment obligations will be subject to arbitration.
