Kriti

New ₹100 note requires recalibration of over 2 lakh ATMs in India

We reported on 20th July that The Reserve Bank of India (RBI) will soon issue new ₹100 denomination bank notes, which are lavender in colour and of the dimensions 66 mm × 142 mm. However, this news has elicited a...

Food Regulator FSSAI asks Online Food Delivey platforms to delist non-lisenced FBOs

The Food Safety and Standards Authority of India (FSSAI) on Friday directed 10 online food delivery platforms such as Swiggy, Zomato and FoodPanda to delist non-licensed food business operators (FBOs) after several consumer complaints regarding sub-standard food being served...

About 74% ATMs are vulnerable to frauds due to outdated softwares

On Friday, the government issued a statement in response to questions raised in the Parliament regarding automated teller machines (ATMs) running on an unsupported software, saying that as many as 74% of ATMs belonging to public sector banks are...

Tata Motors restarts talks to sell its engineering unit Tata technologies

Tata Motors Ltd., the owner of Jaguar Land Rover has apparently restarted talks on the sale of a stake in its engineering unit, just months after a deal with American private equity firm Warburg Pincus was called off. The carmaker...

GST council exempts Sanitary napkins from taxation, removes several items from 28% tax bracket

After a year-long opposition, Maharashtra Finance Minister Sudhir Mungantiwar said today that sanitary napkins will be exempt from the GST, after a meeting with the GST council. In the 28th meeting of the GST Council chaired by interim Finance Minister...

Flipkart, Hotstar come together to create a new video ad platform

Flipkart, one of India’s largest online retailers recently forged an alliance with video streaming service Hotstar and launched an advertising platform on Friday. The platform, called Shopper Audience Network, is a new video advertising platform that will allow brands...

Govt in process to frame net neutrality rules, amend telecom licence: Manoj Sinha

The government is currently in the process of framing rules to implement net neutrality within the country, which bars service providers from discriminating against internet content and services by blocking, throttling or granting them higher speed access. In a written...

Amazon India says Prime day boosted sales, prime membership subscriptions

Amazon India has said that its main product categories saw strong sales growth during the Prime day event and added that it attracted more new members to its subscription programme ‘Amazon Prime’ than in any other week. Prime Day was held...

RBI seeks to ban usage of cryptocurrencies; says it would encourage illegal transactions

The Reserve Bank of India (RBI) today told the Supreme Court that allowing dealings in cryptocurrencies like Bitcoins would encourage illegal transactions, saying that cryptocurrencies are “stateless digital currencies” which have inbuilt encryption techniques, and that these currencies operate...

Jio’s Monsoon Hungama Exchange Offer kickstarts today, get new JioPhone for just Rs. 501

At 5:01pm today, the much anticipated JioPhone Monsoon Hungama Exchange Offer went live at select stores. The offer was announced at the 41st Reliance Industries Limited Annual General Meeting earlier this month, and customers opting for the scheme will...

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