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In future Paytm will allow users to use Digital Gold, to pay bills, buy tickets, clothes

India, April 27 -- "This is the beginning of wealth management at Paytm," said Vijay Shekhar Sharma, its founder and CEO.

Paytm on Thursday launched Digital Gold in collaboration with accredited refinery MMTC-PAMP, which allows users to buy, sell and even store gold -- all of it at no additional cost or transaction fee, barring a small amount that buyers pay as making and delivery charge.

All that sounds simple, but Sharma has a bigger plan beh... Read More


Tough times ahead for Infy, Sikka says transformation to continue

India, April 13 -- Most times the way the stock market reacts after a company has declared its results reflects the investors' confidence in the firm, and that depends on a bunch of factors, including immediate profits or loss, or how the company looks in the long-term.

On Thursday morning Infosys' share price fell by 2.88%, but had barely recovered while this story was published. Since the beginning of the month, the fall has been more drastic ... Read More


Reliance Jio's break even might get delayed with new tariff plan

India, April 12 -- Mukesh Ambani-led Relaince Jio changed its tariff plan on Tuesday after the telecom regulator asked it to discontinue its Summer Surprise offer, which was extending the free services for three more months, ending in June.

Any user of the Summer Surprise offer would have to pay Rs 303 for 28 days, after the end of the three months complimentary period. That has changed to Rs 309 for 84 days, with voice, SMS and unlimited data. ... Read More


Flipkart raises $1.4 billion from Tencent, eBay, Microsoft

India, April 10 -- On Monday, Flipkart, the country's largest e-commerce conglomerate announced $1.4 billion funding from WeChat-investor Tencent, Microsoft and eBay, at $11.6 billion post-transaction valuation.

"We are delighted that Tencent, eBay and Microsoft - all innovation powerhouses - have chosen to partner with us on their India journey," said Sachin Bansal and Binny Bansal, Founders of Flipkart, in a company statement.

Sachin separate... Read More


Flipkart raises $1.4 billion from Tencent, others, buys eBay, to take on Amazon

India, April 10 -- On Monday, Flipkart, the country's largest e-commerce conglomerate announced $1.4 billion funding from WeChat-investor Tencent, Microsoft and eBay, at $11.6 billion post-transaction valuation.

"We are delighted that Tencent, eBay and Microsoft - all innovation powerhouses - have chosen to partner with us on their India journey," said Sachin Bansal and Binny Bansal, Founders of Flipkart, in a company statement.

Sachin separate... Read More


Flipkart is entering grocery the second time. What does it mean for BigBasket, Grofers, Amazon?

India, April 10 -- On Friday, Kalyan Krishnamurthy made his first public appearance at a TiE event in New Delhi, after becoming the chief executive of Flipkart, the country's largest e-commerce firm.

During his session he said that Flipkart will enter the grocery business. For many that would be surprising as most grocery businesses have collapsed in the past three years. At its peak there were more than 50 e-grocery firm -- down to only two of ... Read More


India's internet economy to double to $250 billion by 2020: report

India, April 7 -- For technology startups, its investors and other internet entrepreneurs, this can be a moment of cheer, after all the gloom and doom, funding crunch and closures in the start eco-system.

According to a report titled "The $250 billion digital volcano" put out by the US-headquartered Boston Consulting Group and The Indus Entrepreneurs (TIE), India's internet economy will double to $250 billion by 2020.

India already has 391 mill... Read More


Airtel doubles mobile sites in fight against Reliance Jio

India, April 6 -- If Reliance Jio has started a telecom war in wireless data by offering free services, Bharti Airtel wants to win it by offering high quality services.

The Sunil Bharti Mittal-led telecom firm said on Thursday that in the past couple of years Airtel has deployed 1,80,000 mobile sites, doubling the number. To put that in context, before the current deployment in the past couple of years, Airtel had taken two decades to deploy 1,8... Read More


If Whatsapp starts a mobile wallet, what happens to Paytm

India, April 6 -- For all valid reasons Paytm might be scared if Whatsapp starts person-to-person payment - after all that's Vijay Shekhar Sharma's big bet to transform digital payments in the country.

On Tuesday, The Ken reported that Whatsapp would launch UPI, or Unified Payments Interface-based payments in the next six months, according to four sources.

UPI is a software brought out by the government that allows transfer of money from one ba... Read More


Can SoftBank make space for Alibaba in Snapdeal merger?

India, April 5 -- No decision on Snapdeal's merger with Flipkart or Paytm was taken at the company's board meeting on Tuesday evening. According to sources, the board members, which include Snapdeal co-founders Kunal Bahl and Rohit Bansal, discussed of various possibilities of the merger, but no consensus was arrived at, according to sources.

Snapdeal, which has become a distant third in India's e-commerce race is facing tough times. Its single ... Read More