Business news

Reliance Jio's entry helped India save $10 billion a year: Report

The report predicted that Reliance Jio could help increase India's per capita GDP by about 5.65 percent, if the economic conditions remained the same.

Apr 6, 2018

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Is a bank run in the making?

Stampedes are not created by those who live by hope but by the poor, spooked souls rushing to the exits.

Apr 6, 2018

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Is RBI planning to launch its own cryptocurrency code-named Lakshmi?

If introduced, Lakshmi would run on an implementation of the blockchain technology, which is the backbone of digital currencies like bitcoins.

Apr 6, 2018

Indian yoga guru Ramdev gestures to his supporters at the Ramlila grounds during his agitation against corruption and black money in New Delhi on Aug. 9, 2012.

Baba Ramdev unveils new game plan: To launch Patanjali garments in 2019

Patanjali, which is one of the fastest-growing companies in India, is all to enter into the garment manufacturing business next year.

Apr 6, 2018

ICICI Bank enables NRIs to send money via WhatsApp, e-mail

Christened Social Pay, this first-of-its-kind service by any Indian bank is available on the lender's Money2India (M2I) app for remittances.

Apr 6, 2018

Billionaire Tim Draper says bitcoin should be national currency for India

The long-time bitcoin fan believes India will benefit a lot from cryptocurrencies and blockchain as it will enable government to become more transparent and efficient.

Apr 6, 2018

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Banks may be charging a flat fee for SMS alerts -- illegally

The uniform billing by some of the lenders for SMS alerts is against the Reserve Bank of India's advisory.

Apr 5, 2018

Five payments banks in India: Know how they differ

Here is the list of five payments banks in India in 2018 and it's key features.

Apr 5, 2018

Bitcoin price falls below $7,000: Will it rebound?

As government watchdogs around the world more closely scrutinize the crypto sector, cryptocurrencies are facing uncertainty and the price of bitcoin fell below $7,000 on Wednesday.

Apr 5, 2018

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Paytm set to sell mutual funds via a new app

Paytm, owned by One97 Communications, is now planning to launch services including mutual funds, general insurance, life insurance and a number of banking services via its payments bank.

Apr 5, 2018

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More pain ahead: Indian banks stare at Rs 2.5 trln new bad loans

Power sector has been a major concern in India, due to decline in fiscal health of State Electricity Boards.

Apr 5, 2018

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Vistara can now start global operations, gets its 20th aircraft

According to government's 0/20 rule, an airline should have at least 20 aircrafts in its fleet before being allowed to fly internationally.

Apr 4, 2018

Ethereum takes no. 1 spot in India as crypto regulations haunt Bitcoin

The repeated cautionary circulars from the central bank and government authorities have taken a toll on Bitcoin's popularity in India, according to a research.

Apr 4, 2018