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Stock market has risen 4 times in last 10 yrs : Piyush Goyal
Piyush Goyal, Union Minister of Commerce Goyal said that...
$ 20 billion dry powder chasing Indian AI Startups, says Rajan Anandan
``We are beginning to see a very different weave of AI-Application...
India wants Pfizer to do local study before approval
“As of now, the pre-condition for any vaccine to be implemented in India is that you have to do a bridging trial,” Vinod K. Paul, who heads a government panel on vaccine strategy, said in an interview in his office near the parliament building.
PayTM sees surge in the use of its payment platforms, could turn profitable in 2021
Speaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM’s platforms as businesses were forced to accept digital payments.
PayTM, which began as a service for people to top up their mobile phones, offers a digital payment platform for merchants, money transfers and bill payments across India. Its lending businesses include credit cards, personal loans and merchant cash loans in partnership with other lenders.
RBI forms panel to look into digital lending practices
The regulator said on Wednesday, it was setting up a six-member working group to evaluate digital lending activities and identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers.
In December, the RBI had issued a notice about lending apps, warning that some engaged in “unscrupulous activities”, such as charging excessive interest rates and fees.
5% more income tax returns filed this year
The tax department in a tweet said 5.95 crore ITRs for Assessment Year 2020-21 were filed till January 10, 2021, as compared to 5.67 crore ITRs filed for the previous Assessment Year by September 10, 2019.
Domestic hospitality industry to contract by 65 pc in FY21: Report
A sharp demand recovery is possible in the later part of the financial year 2021-22, as vaccine rollouts gain traction.
Much though will be contingent upon the spread of the pandemic and success of vaccination efforts, the report by Icra said
Tesla takes another step on road to launch in India
The move comes as Indian Prime Minister Narendra Modi is promoting the production and use of electric vehicles to reduce the country’s oil dependence and cut down on pollution.But efforts have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations.
Chinese hackers luring Indian WhatsApp users into ‘part-time’ jobs
Such proliferating messages on WhatsApp, which come with attached links, claim that one can earn Rs 200 to Rs 3,000 in a day in 10 to 30 minutes.
“There are multiple links that redirect to a common URL and each link uses different numbers to send a message,” New Delhi-based think-tank Cyberpeace Foundation said in a statement.
Security enhanced at airport as first batch of COVID vaccine reaches Delhi
A SpiceJet flight carrying the vaccines landed at the Delhi airport around 10 am on Tuesday, four days ahead of the launch of a nationwide drive against the coronavirus.
India records 12,584 new cases, lowest in seven months
The number of people who have recuperated from the disease surged to 1,01,11,294 pushing the national COVID-19 recovery rate to 96.49 per cent, while the COVID-19 case fatality rate stands at 1.44 per cent.
The COVID-19 active caseload remained below 3 lakh.
There are 2,16,558 active coronavirus infections in the country which comprises 2.07 per cent of the total caseload, the data stated.
Some lending apps thrive on India’s Google Play despite policy violations
The rise of smartphones and affordable mobile internet in India has seen a proliferation of hundreds of personal lending apps in recent years. Campaign groups say rapid advances in technology have outpaced authorities and are calling for regulations to be introduced regarding loan tenures and fees.
“There are no clear norms on lending apps in India. Right now they fall in a grey zone,” said Nikhil Pahwa, a digital rights activist and editor of MediaNama, a Delhi-based publication on technology policy.