Common service centres will give internet free to individuals and institutions through BharatNet — a countrywide optical fibre network — till March next year, Union minister for electronics and IT, Ravi Shankar Prasad, said on Wednesday. “We have already connected 1.3 lakh gram panchayats through BharatNet…Our target is to take this to 2.5 lakh panchayats. […]
Archives for 2019
DPIIT to soon issue clarification on 26% FDI in digital media sector
The Department for Promotion of Industry and Internal Trade (DPIIT) is expected to soon issue a clarification on the issues raised by certain stakeholders over the government‘s decision to permit 26% FDI in digital media sector, according to sources. Certain industry players and experts have stated that the move to cap foreign direct investment (FDI) […]
Internet shutdown leaves UP at a net financial loss
The internet shutdown in parts of Uttar Pradesh due to the protests over the Citizenship Amendment Act has hit banking services, including movement of cash and branch operations. Bankers told ET that transactional services had come to a halt, and merchants were finding it hard to conduct business. “We have seen our business in certain […]
Foodpanda losses widen to Rs 756.4 crore in FY19
Foodpanda, owned by ride-hailing company Ola, has posted a wider loss of Rs 756.42 crore for FY19 compared to the previous fiscal, as per regulatory documents. Pisces Eservices, which operates Foodpanda, had registered loss of Rs 227.95 crore in FY2017-18, documents filed with the Corporate Affairs Ministry and accessed by business intelligence platform Tofler showed. […]
Payments banks’ FY19 losses swell to Rs 626 crore
Payments banks — including those floated by Paytm, Reliance Jio, Airtel and Fino — saw their aggregate losses mount 21% to Rs 626 crore during fiscal 2019 from Rs 516 crore in the previous year. “The limited operational space available to them and the large initial costs involved in setting up of the infrastructure imply […]
RBI introduces new Prepaid Payment Instrument for your daily grocery payments
The Reserve Bank of India has given Indian consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily household goods and services. In a bid to give increased impetus to small ticket digital payments RBI on Tuesday has introduced a new Prepaid Payment Instrument (PPI) […]
5 Ways Business Data Is Changing How People View Green Energy
Seizing the power of big data is essential in a world transitioning to green energy. Business data and analytics have the potential to drive organizations and society as a whole to new frontiers of efficiency. In many ways, they already have. Major corporations like Google and Intel have analyzed information supporting the benefits of adopting green […]
Era of Digital Disruption: 4 Ways to Move Your Game Forward
To survive and drive success, businesses need to organize and equip themselves to best deal with the one certainty of 21st century life: Change is a constant.
Smart Homes Market Expected to Grow at a CAGR of 25%
According to new market research report by Mordor Intelligence, the market for Smart Homes is expected to grow at a CAGR of 25% during the forecast period. Globally, the increasing importance toward the need to counter security issues is anticipated to fuel up the demand growth for smart and connected homes. The smart home system […]
How to make the most of Microsoft’s new Compliance Score Console
This new Microsoft 365 feature can help you stay in compliance with regulations like GDPR and better protect data.