Business news

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

Amazon may make rival bid for Flipkart: Report

Amazon has held early exploratory talks to buy Flipkart even as the latter closes in on a sale to Walmart, the report said.

Apr 4, 2018

Jio Payments Bank to compete with Airtel, Paytm and others: Quick facts

Jio Payments Bank is the latest entrant in the market, after payments banks from Airtel, India Post, Fino Paytech and Paytm.

Apr 4, 2018

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India as the next Silicon Valley: World Bank says do the homework

World Bank has said that India needs to do more about the under-developed innovation ecosystem in the country.

Apr 4, 2018

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts.

Apr 4, 2018

Japanese company offers $1 million for the right tech talents

At a time when Indian techies are staring at tough times in the United States, Japan is offering irresistible salary to IT professionals.

Apr 3, 2018

Bharti Airtel: Why analysts are bullish on worst performing Indian stock?

More than 70 percent of analysts covering the company suggest buying the stock, which has tumbled 27 percent this year.

Apr 3, 2018

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Gold prices glitter upon rising trade war fears

Spot gold was up 0.1 percent at $1,341.68 per ounce as of 0045 GMT. It climbed 1.3 percent on Monday in its biggest one-day percentage rise in a week.

Apr 3, 2018