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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...
No MDR charges on RuPay, UPI payments from Jan 1
MDR is the cost paid by a merchant to a bank for accepting payment from their customers via digital means. The merchant discount rate is expressed in percentage of the transaction amount.
To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan
“This will safeguard the customers against the risk of unauthorized transactions on account of skimmed/cloned cards, while withdrawing cash at State Bank ATMs,” the bank said.
Free WiFi to all villages connected via Bharat Net till March 2020: Prasad
In a digital village, residents are encouraged to become digitally literate. Residents can avail quality healthcare through tele-medicine consultations under allopathy, homeopathy and ayurvedic systems.The digital village also promotes a financially inclusive society by providing banking, insurance and pension services at the doorstep of citizens. In addition, the entire village is WiFi enabled, so residents are digitally connected.
WhatsApp, Signal cite encryption, privacy to avoid compliance, says govt
On November 28, Naidu had asked Congress MP Ramesh to form a committee comprising lawmakers from across party lines to suggest concrete steps to curb pornography on social media and other Internet platforms saying it is adversely affecting children.
IndiGo may have to replace more engines as govt intensifies scrutiny T
A “more intense boroscopic examination” of engines manufactured by Pratt & Whitney has identified more engines at risk of shutting down in midair, Arun Kumar, the head of India’s Directorate General of Civil Aviation, told Bloomberg News on Sunday. Out of roughly 200 engines in use, IndiGo will now have to replace at least 130. India’s Aviation Minister, Hardeep Singh Puri, had earlier put the figure at 110.
ACORD Names Top Ten InsurTech Leaders of 2019
“ACORD’s Top Ten InsurTech Leaders list features visionaries operating throughout the insurance value chain, from large, established incumbents to small startups. For real change to happen, we need long-time industry leaders and new players with fresh perspectives to work together,” said ACORD President and CEO Bill Pieroni.
Google fined $167 million in France amid crackdown on online advertising
The fine is France’s third biggest monopoly abuse penalty since 2009. French regulators are separately investigating Facebook Inc. following a complaint from Criteo. said Isabelle de Silva,president, France’s Autorite de la concurrence, It will also set up a new digital unit to handle internet issues.
Online retail sales meagre in India: WB Report
Small and medium enterprises in the region reported that removing regulatory and logistical challenges to e-commerce would increase their exports, employment, and productivity by as much as 20-30 percent. To overcome these hurdles, the report proposes reforms in areas such as payments, delivery, market access regulations, consumer protection, and data privacy, at the national, regional, and global levels
Is China winning the Insurtech Race
The funding gap between the US and China has become much smaller over the years: Whereas US insurtechs have raised EUR 5.8bn in total in 2018, total funding in China amounts to EUR 4.1bn – more than four times the European figure. The Chinese figure is even more amazing against the backdrop of the size of the Chinese insurtech landscape: Only 7% of the insurtech companies analyzed are located in China, but 55% are in the U.S. and 38% in Europe.
Govt reforms will make India a very competitive, efficient economy: Kant
India has gone digital. That’s the biggest transformation that has taken place.As a result, India has become hugely data-rich, even before it has become rich. This data richness of India has led to over 1,000 startups working in learnings, artificial intelligence and they are doing the kind of disruption that the world has never seen before. Many of them are doing pathbreaking work,” Kant told