News in English

Zomato bought Uber Eats in an all-stock deal for $ 350 million.

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Zomato receives Uber Eats in all agreements According to the report, the deal is worth about $ 350 million (about 2,500 ten million rupees).</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">As part of the agreement, Uber will get about 10% of its share in food delivery apps, according to Gurugram, and Uber Eats will stop as a separate legal entity. In addition, all Uber Eats customers will be delivered directly to Zomato.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to The Economic Times, Zomato will not attract Uber Eats executives working in India. The Uber Eats team consisting of approximately 100 executives will be discharged or assigned to separate verticals within Uber. However, Uber will continue to provide services. Continue to call taxis in India, in which Ola will compete with competitors</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We are pleased to be the best of restaurant discoveries and build food delivery businesses across 500 cities in India. This acquisition strengthens our position in the category, &quot;said Zomato founder and CEO Deepinder Goyal in a statement to IANS.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We entered the food delivery in India in 2017 and today is when our travels use different routes. Zomato receives Uber Eats in India and we will no longer be able to use here with immediate effect. We hope that all of our users will get a better time with great food on the road ahead.</span></span></p> <p style="margin-left:0in; margin-right:0in"><strong><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&nbsp;Uber Eats India writes on official Twitter.</span></span></strong></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to a separate report by TechCrunch last month, Uber is likely to invest $ 150 to $ 200 million in Zomato. However, these details have not been finalized.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The report also said that Uber estimates that it will lose around Rs.2,200 in its food delivery business in India last December. This deal is expected to help Uber reduce domestic losses. It also tends to help Zomato gain strength in the area, including parts of Madhya Pradesh, Tamil Nadu and Kerala, where Uber Eats has a stronger presence.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">It is worth noting that the deal was made when Zomato was about to receive a $ 600 million grant from Alibaba&#39;s subsidiary Ant Financial, which would give the company approximately $ 3 million.</span></span></p>
  Tue, January 21, 2020 Read Full Article

Wipro Q3 net profit increased 2.17% to Rs.2,455 crore.

<p>Wipro&#39;s major IT services on Tuesday recorded a net profit of Rs.2455.9 crore in December 2019, which is 2.45% compared to last year&#39;s total profit.<br /> Net profit attributable to shareholders for the same period last year stood at 2,510.4 million rupees, Wipro said in the submission.<br /> Operating income increased by 2.7 percent to Rs 15,470.5 million during the review period from Rs 15,059.5 million in the same quarter of the previous year (according to Ind-AS).</p> <p>Wipro, which receives a large amount of IT services, said revenue from its business is expected to range from $ 2,095 million to $ 2,137 million in the March quarter, which continues to grow at 2%.</p> <p>Revenues from IT services stood at $ 2,094.8 million in the December quarter, which continued to grow at 2.2%, in line with the trend at $ 2,065 million to $ 2,106 million previously suggested.</p> <p>&quot;We have delivered a good quarter with global growth across all business units, geography and operations. We continue to focus on strengthening our client relationships, changing our channels and receiving great offers, &quot;said Avida, CEO Neemuchwala, CEO and Managing Director, Wipro.<br /> Wipro announces interim dividends no. 1 (0.014 USD) per shareholders&#39; equity / ADS.</p>
  Wed, January 15, 2020 Read Full Article

Oil prices Jump after US air strikes kill Iranian military commanders in Iraq

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Oil jumped as tensions in the Middle East were relieved after a US attack near Baghdad International Airport killed General Iran.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Futures in New York and London jumped as much as 3% after the attack. The protests killed Qassem Soleimani, an Iranian general who led the revolutionary Quds&#39; forces, according to two people familiar with the matter. Ambassador in Baghdad this week</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The United States and Iran are facing Donald Trump&#39;s economic campaign against Tehran and suspect retaliation against Iranian people. Saudi energy sources, including foreign oil tankers in and around the Persian Gulf, have been targets of multiple attacks in the past year - the region with OPEC&#39;s fifth-largest producer.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;I expect tensions in the region to intensify,&quot; said Singaporean economist Howie Lee from the Foreign Bank of China Corp. &quot;Entering the election year in the United States, a pressure campaign by President Trump Iran may add more. &quot;</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Brent for settlement in March increased by $ 1.99 to $ 68.24 a barrel in the ICE Futures Europe Exchange in London at 22:15 hrs. Singapore time was up 25 cents to close at $ 66.25 on Thursday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">West Texas Intermediate for February delivery increased $ 1.84 or 3% to $ 63.02 a barrel from the New York Mercantile Exchange. The contract rose 12 cents to 61.18 dollars on Thursday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The strike elevated the three-way tension between the United States and the major oil producers, Iran and Iraq. The US embassy in Baghdad was attacked by protesters this week after a rare American direct attack on Iranian-backed militia in the country.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The two Middle East countries combined pumped more than 6.7 million barrels per day of oil last month, according to data compiled by Bloomberg, more than one-fifth of OPEC output.</span></span></p>
  Mon, January 6, 2020 Read Full Article

Read four things that the Indian economy needs now.

<p>Nationality law causes protests throughout the country. But research shows that economic suffering and unemployment increase social unrest, especially among young people.</p> <p>So what alternatives will the government have to withdraw from the current slowdown and stimulate employment? In the short term, most economists agree that the government will have to shoot three big cylinders - personal income, demand and government spending.</p> <p>First, an overview of current economic indicators Growth has fallen off the cliff since it moved below seven percent in 2018-19. The latest available data show that the gross domestic product (GDP) slowed down again during July - September 2019 at 4.5 percent compared With a 5% increase in the first quarter, the lowest level in 6 and a half years</p> <p>Reason 1 is reduced consumption or demand, which means everything that people spend and buy, including purchases made by the industry. The slides are larger than in rural areas. The 75th consumer spending survey now lost 2017-18 shows that the average person&#39;s spending is down 3.7% to 1,446 rupees per month in 2017-18, which is a decrease. The highest in more than four decades</p> <p>Private consumption, as reflected in measures called the final private consumption expenditure, or PFCE, grew by five percent in the second quarter of 2019-20, compared to 3.1 percent in the first quarter. Initial fixed capital formation is an investment measure that enters the economy to slow down 1% compared to the previous 4% growth. The only government spending is the economic collapse. Government final consumption expenditure increased by 15.6% in the second quarter after an increase of 8.8% in the first quarter.</p> <p>Economists are often separated from what India is facing: structure or cycle. According to the cycle, it means a normal swing up and down and &#39;decline&#39; in the business cycle. The structural slowdown is difficult to fix because it is rooted. Regardless of the matter, economists almost agree that the need for revitalization with higher government spending to stimulate consumption and investment is the only real option.</p> <p>As with industry incentives, such as corporate tax cuts, the government has also recently wanted to bring money directly into the hands of people, which will have double effects from textbooks. The product multiplier refers to the large change in productivity. (In this case of goods due to demand) at all levels of government spending or spending The government has a very useful tool to do this: the PM-Kisan program, which is now distributed directly to registered farmers 1.82 million rupees Rs 6,000 per year. This can be extended even at the expense of Fiscal deficit increased Economist Arvind Subramanian, a lecturer at Harvard University, writes about 60-80% of quasi-UBI articles for rural poor to compensate for rural suffering. They argue that the annual transfer of Rs 18,000 (Rs 1,500 per month) can cover three-quarters of the rural population at 1.3 percent of the gross domestic product (GDP) or Rs.226 crore at the price of 2019-20. The government will allocate additional funds to the Mahatma Gandhi National Rural Employment Guarantee Project and increase the number of working days under the program.</p> <p>Many indicators, such as wage sluggishness and rural consumption, point to reduced incomes or reduced personal income growth. This is in our sister publication Livemint. ( Summary after waste analysis The survey of consumption expenditures that the immediate impact is &quot;The ratio of the poor will increase between 2011-12 and 2017-18 at every opportunity, compared to a dramatic reduction between 2004-05 and 2011-12&quot; Indian consumers turn to wonder because of rising costs and stagnating incomes.</p> <p>People&#39;s investments are trapped in real estate projects stalled, squeezing their ability to spend on other products. One data given by economist Hetal Gandhi from crisis research shows that the average household income in Farms from agricultural-related incomes, including rural wage, are growing at 0 percent in 2018 at 65,000 Rs 2017.</p> <p>Urban revenue growth from official business sectors is reflected in employee costs for 750 listed companies, averaging 10-12%, down to 5% in the last quarter of 2018-19. Employee expenses are reviewed six quarters before the third quarter of fiscal year 19 will have a growth rate of 10-12% per employee, which in the previous quarter is five percent. The erosion of income is clear.</p>
  Sat, December 21, 2019 Read Full Article

The government is confident that the citizen bill will pass the Rajya Sabha test...

<p>When the central government led by the BJP prepared to issue a citizen bill (Amendment) In Ratchayaba or the House of Representatives on Wednesday, the northeast region protested violently.</p> <p>The law will quickly pursue citizenship claims from persecuted minorities from Pakistan, Pakistan, Bangladesh and Afghanistan. People in the northeast are afraid that many Hindu immigrants from Bangladesh, which they say are intruders, will cover their homeland.</p> <p>So the protesters clashed with the police, set fire to tires and cut down trees to block the road on Tuesday during the closing hours in the hours after the approval of the House of Representatives or Lok Sabha in Tripura. There is an 11-hour bandh called by the Eastern Student Organization. North (NESO)</p> <p>The Tripura government has suspended mobile internet and SMS services in the state for 48 hours to prevent the spread of reports and to maintain law and order in the state. The prohibition has also been extended to media messages by government orders.</p> <p>On Tuesday, the northeast region suffered damage from strikes from various organizations, with buses leaving the streets and schools and most stores closed in the Kamrup district of Assam. Ordered that restrict the assembly of two people up in the midst of fears that violence may deteriorate</p> <p>Lok Sabha passed the bill after midnight on Monday amid a fierce debate in the house, which saw AIMIM&#39;s Asimuddin Owaisi leader tear down a copy of the bill when the law was set to make it easier for Buddhist Hindus Parsis. And Christians who fled from Afghanistan, Bangladesh and Pakistan to become Indians.</p> <p>The federal government says Muslims from these three countries are not exempt because they can choose to go to other Muslim countries. It also includes other minorities who have fled from political or religious oppression elsewhere. Such as Tamils from Sri Lanka, Rohingya from Myanmar and Tibet from China</p> <p>Many in India fear that the government aims to conduct a National Register (NRC) across the country to identify and expel all &quot;intruders&quot; by 2024, but in Parliament, Amit Shah&#39;s foreign minister tries to get rid of the idea. By saying that Again and again, this bill has nothing to do with Muslims in this country. &quot;</p> <p>On Monday, nearly 1,200 scientists and scholars in educational institutions, both in India and abroad, published letters to illustrate &quot;terror&quot; at this law.</p> <p>The United States Committee on International Religious Freedom in a statement on Monday called &quot;the wrong turn in the wrong direction&quot;, along with the National Register of People, with the objective of creating a religious test for Indian citizenship of Muslims</p> <p>The Indian Ministry of Foreign Affairs responded Tuesday that the US group&#39;s statements are &quot;incorrect or not guaranteed&quot; and &quot;guided by their prejudice and prejudice.&quot;</p> <p>BJP is confident that it will receive sufficient support from the various parties in the state of Raja Bara. Is the bank that supports All India Anna Dravida Munnetra Kazhagam (AIADMK), YSR Congress Party (YSRCP), Telugu Desam (TDP) and Biju Janata Dal (BJD) - all of which are outside the National Allliance (NDA). Former partner of Shiv Sena, who supports the bill in Lok Sabha, set the stage for a u-turn on Tuesday when Chief Uddhav Thackeray said it would not support a bill in the upper house unless the party answers the question. it.</p> <p>However, this does not diminish the spirit of the BJP. &quot;Shiv Sena&#39;s statement will not affect the story of the bill ... We are confident in the numbers,&quot; said BJP senior officials and members of Rajya Sabha.</p> <p>The party also rounded out a sub-division of Nitish Kumar&#39;s Janata Dal (United) [JD (U)] about the bill&#39;s support issues and said it voted 127 votes in Rajya Sabha.</p>
  Wed, December 11, 2019 Read Full Article

The RBI reduced its GDP growth forecast for the current budget to 5%. The repo r...

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Reserve Bank of India announced the policy interest rate unchanged at 5.15% amid &quot;current macroeconomic situation and development.&quot; The central bank has lowered its GDP growth forecast for 5% from 6.1%.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">RBI&#39;s Monetary Policy Committee (MPC) remains &quot;supportive&quot; to eliminate the possibility of future interest rate increases.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">All members of the Monetary Policy Committee have approved the decision. Given the stance of this meeting, the RBI has cut 135 basis points from the beginning of this fiscal year.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We cannot reduce the rates automatically and [must] allow time for the previous rates to be played. Currently, 44 base points are submitted. We have also introduced external benchmark interest rates from 1 November for the same purpose, &quot;said the Central Bank of India Governor Shaktikanta Das, in his decision to repurchase interest rates at a press conference.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;The MPC is aware that there is a monetary policy area for future operations. However, with the continuously changing inflation rate, the committee Therefore, the MPC decided to keep the policy rate at the same level and continue with a relaxed attitude as long as it is necessary to revive growth while ensuring that inflation remains. Are on target, &quot;the RBI said.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Abheek Barua, chief economist at HDFC Bank, said the RBI&#39;s loan interest rate change was surprising due to the shrinking growth in the second quarter of 2019-20.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;It looks like the RBI wants to see the delayed effects of a 135 basis point reduction in policy interest rates along with some of the fiscal measures available for future growth,&quot; he said.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">RBI revised its CPI inflation forecast to 5.1 - 4.7% in the second half of the current financial year and 4% -3.8% for the first half of 2020-21.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;Domestic demand is slowing down, reflecting that inflation has slowed down, excluding food and fuel,&quot; added RBI.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The real GDP growth expected in October&#39;s policy is 6.1% for the year 2019-20. &quot;The growth of GDP in the second quarter of the year 2019-20 is much lower than expected. Various high-frequency indicators suggest that domestic and foreign demand conditions are still weak, &quot;added RBI.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Considering these factors, the RBI has revised its GDP growth for 2019-20 down to 4.9-5.5% from 6.1% in October&#39;s policy in the second half of 2019-20.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The central bank&#39;s decision was followed by a weak growth environment. India grew only 4.5% in the July to October quarter, the slowest economic growth since March 2013.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;The MPC said that economic activity has weakened again and the production gap is still negative. However, many measures initiated by the government and the central bank&#39;s monetary easing since February 2019 are expected to gradually enter into the real economy. &quot;RBI added.</span></span></p>
  Sat, December 7, 2019 Read Full Article

Iran central bank branch building set of fire, All Crypto community follows even...

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">An Iranian protester built a building at the Central Bank of the Islamic Republic of Iran in a town located in the city of Behbahan. cryptocurrency Closely following the develop</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Official Twitter Profile of Free Being Company Being BeingLibertarian Published a video saying that a branch of the Central Bank of Iran in Behbahan in the south-west of the country was set on fire amid protests. Interesting. The reaction to a tweet was positive, with one user saying:</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">While one user responded with one word &quot;Bitcoin&quot; in a video posted on Twitter, the presence of the cryptocurrency community appears to be limited among followers.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Still, a link to the tweet found that it had arrived. Cryptocurrencies and Bitcoin subreddits posted that upvoted 78% in the first and 64% in the second community.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">News outlets dedicated to the Muslim movement ThePortal reported on 16 November that the building was set on fire amid ongoing protests against the government&#39;s decision to share gasoline and raise prices by more than 50%. Iranian President Hassan Rouhani defends The measure claims to be good for the local population.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Fuel consumption is limited to 60 liters (almost 16 gallons) per vehicle per month, down from the previous limit of 250 liters and prices have risen to 15,000 rials ($ 0.36). In addition, every liter that exceeds 60 liters will have to waste. Fines of 60,000 rials ($ 1.43)</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">In the city of Sirjan in central Iran, protesters also tried to set up a fuel depot as well. According to state media reports, one civilian was killed and several injured, and the protests ended at midnight.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Cointelegraph Reported in July, it seems that the US has an incentive to impose sanctions on mining. Iran&#39;s cryptocurrency</span></span></p>
  Mon, November 18, 2019 Read Full Article

Honda closes Manesar factory because 1,500 hiring workers continue to strike. ...

<p>Impasse continues at the Honda Motor and Scooter India (HMSI) plant in Manesar, where 1,500 hiring employees stopped last week in protest of a colleague&#39;s job cuts. One day after the management issued a notice to the staff stating: &quot;Due to the prevailing IR (industrial relations) situation, the factory operation has been suspended and the factory will remain closed until the other day.&quot;</p> <p>Contract workers have protested outside the factory at IMT-Manesar since November 5, after about 650 employees cut by the company during the 10 days, the union said. Workers demand that they remember that they will be recalled or receive compensation of Rs. 1 hundred thousand per person for service each year.</p> <p>Production has been affected since the company closed some production units.</p> <p>A new round of talks took place on Monday between the management and the union. However, no solution could be made, said President Suresh Kumar Gaur. &quot;The management representatives did not attend the meeting. We expect that the problem will be resolved on Tuesday, &quot;he said, adding that the protests will continue.</p> <p>A HMSI spokesman confirmed the status of anonymity. All three assembly lines - two for motorcycles and one for scooters - of the plant will remain closed until further notice or until the matter is reached. The management did not respond to the allegations systematically by unions.</p> <p>Honda&#39;s Manesar plant employs approximately 1,900 people and 2,500 contract workers until recently, according to Gaur. Many people asked to leave in the last 10 days. Strange was employed with the company for many years and termination. Their outsourcing is illegal.</p> <p>At the same time, union members of other automotive factories in the area and representatives of labor organizations have extended their support to Honda&#39;s prominent workers. &quot;We are working to solve the problem and hope the management will accept. Listen to the needs of these employees who have worked with the company for a long time. Hopefully the decision will come out on Tuesday, &quot;said Anil Pawar, representative of the All Union Trade Council Council.</p> <p>In a statement last week, Honda said that employees who have completed their work have been relaxed due to fluctuations in demand and production adjustments. In August, Honda laid off about 700 people because of production cuts, according to company figures. Company officials said that the industry is currently experiencing sluggish demand and job losses as a result of the slowdown.</p> <p>HMSI sales were down slightly to 517,808 units in October, down from 521,170 units a year earlier. Demand for two-wheeled vehicles and cars has decreased as consumers spend less due to the slowing economic growth which caused the 6-year low of 5% in the quarter ending June.</p>
  Tue, November 12, 2019 Read Full Article

In a Tuesday protest by New Delhi police, an explosion from the past

<p>We need you. &quot;Read the leaflet with a photo of former popular policeman Kiran Bedi in a protest by police outside the New Delhi police office on Tuesday. That demand is based on the story of Bedi&#39;s tenure as DCP (North) in 1988, somewhat similar to what caused Tuesday&#39;s chaos.</p> <p>Until thirty-one years ago, the police and lawyers of Delhi at the Court of Tissahari worked together - literally, under one roof. On the second floor of the court building, in the prosecutor&#39;s office and in the supporter&#39;s office, is the office of the Deputy National Commissioner. (Northern District) Kiran Bedi</p> <p>On January 15, 1988, a man was arrested from a woman&#39;s toilet at the College of St Stephen SBS Tyagi, an officer who then served under Bedi, saying: &quot;The man was arrested because of the theft due to a complaint from one girl He didn&#39;t tell anyone that he was a lawyer. The next day, when our officers were producing men in court with handcuffs, other lawyers recognized him and began the protest. The judge dismissed him. That is the beginning of the problem. &quot;</p> <p>Another official who did not wish to be named said at the time the incident launched a clash between the lawyer and the police. The incident that triggered the confrontation occurred a week later when the lawyer asked to meet. With Bedi in her second floor office. &quot;On January 21, we were in the process of preparing a Republic Day. A group of lawyers say they want to meet Madam. She asked them to wait outside the office. They are angry and start destroying flower pots. This leads to a clash between the police and the lawyers protesting. There will be more clashes in the weeks to come. &quot;</p> <p>Lawyers continued their protests, and on February 17, a group of approximately 3,000 people raided the court grounds and attacked supporters and damaged their vehicles / property. The lawyer alleged that Bedi is responsible for both incidents - for ordering mace and engineering attacks by outsiders.</p> <p>The government later established an investigation committee, which concluded that the arrest of lawyers for &quot;theft&quot; was &quot;legitimate&quot; but &quot;illegal&quot;. It also described the subsequent police actions &quot;non-discriminatory and unfair. &quot;</p> <p>On Tuesday evening, Bedi, who is currently the Deputy Lieutenant Governor of Puducher, said: &quot;.... I&#39;m still firm and refusing to expand as the lawyers are looking for a suspension. Further arrest / arrest the police that the person arrested for stealing did not identify himself as a supporter at the time of his arrest and also gave another name to the police.</p> <p>In current events as well. &quot;The New Delhi police should stand firm in what may happen,&quot; she said.</p> <p>In September 1998, police Vasant Kunj arrested a lawyer accused of trying to resolve the allegations that took over the educational institution. The police were accused of blocking the request to create a lawyer who was arrested the next day. Some lawyers have accused him of defeating the police accompanying the lawyer when he was created in front of the Patiala court.</p> <p>The lawyers around the court of justice worked in solidarity with the arrested lawyer. &quot;Both parties show maturity and this has been resolved through discussions. The committee consists of police and lawyers questioning the incident, &quot;said senior lawyer Karan Singh, former secretary of the Thai Bar Association&#39;s Patalia House Court, who was involved in the effort to resolve the situation.</p> <p>Two years later, in June 2000, there was another clash when the lawyer stopped marching to Parliament. &quot;The problem was resolved again through negotiations,&quot; Karan Singh said.</p>
  Wed, November 6, 2019 Read Full Article

Reliance JIO will charge on Idea, Vodapone, Airtel, customers 6 paise per minute...

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Reliance Jio Infocomm Ltd. will charge the customer service 6 paise per minute for calls to competing networks until the time the mobile telecommunications administrator goes into a zero-charge billing system, the company said after the market in Wednesday However, Jio users will be compensated with free data of similar value.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Shares of Vodafone Idea Ltd. and Bharti Airtel Ltd. skyrocketed after the wireless billionaire-controlled carrier Mukesh Ambani said it would terminate free voice calls on its network.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vodafone Idea collected as much as 18% before the end of the day with 6% profit at the highest price since August. Bharti rose 5% to the highest level since April last year, while the shares of Reliance Industries Ltd. increased for the third day.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Reliance Jio Infocomm Ltd. will charge the customer service 6 paise per minute for calls to competing networks until the time the mobile telecommunications administrator goes into a zero-charge billing system, the company said after the market in Wednesday However, Jio users will be compensated with free data of similar value.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The movement &quot;seems to be a big deal as long as the market waits for Jio to move from land catchers to focus on profitable growth,&quot; said Sanford C. Bernstein analyst Chris Lane in a note.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jio Reliance entered the industry in 2016 and became the country&#39;s leading telecommunications service provider this year after free calls and cheap data lured millions of users. For example, Vodafone Idea&#39;s share dropped more than 70% this year, even on Thursday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jio has already paid over 135,000 rupees (1.9 billion US dollars) user fees to competing operators since launch. The regulatory authorities have planned to cancel these expenses from January next year. But float a fresh new paper to see if the date needs to be fixed - a move that forces Jio to return to fulfill its promise.</span></span></p>
  Fri, October 11, 2019 Read Full Article

The rupee increased by 9 Paise to 70.78 against the USD in early trading before ...

<p>India&#39;s rupee strengthened 9 paise to 70.78 against the US dollar in early Friday trading before the decision by the Reserve Bank of India&#39;s monetary policy.</p> <p>Forex traders say domestic units are trading higher as investors believe the RBI will cut interest rates again to stimulate slowing economic growth.</p> <p>The Monetary Policy Committee (RBC) of the Monetary Policy Committee (MPC) is scheduled to announce the fourth bi-later policy decision for this fiscal year.</p> <p>At the rupee exchange opening at 70.82, then rising again and reaching a high of 70.78, up 9 points in the previous period.</p> <p>However, local units were not able to make a profit and traded at 70.83 against the dollar at 0953 hrs.</p> <p>On Thursday the rupee settled at 70.87 per US dollar.</p> <p>Traders said the positive launch in the domestic stock market and the weakening dollar boosted the domestic unit.</p> <p>Meanwhile, the domestic stock market launched positive on Friday, with the Sensex Index trading at 202.19, rising at 38,309.06 and improving at 41.75 points at 11,355.75.</p> <p>The dollar index, which measures the strength of the dollar per six-currency basket, decreased slightly by 0.01 percent to 98.85.</p> <p>However, the increase in crude oil prices and the outflow of foreign funds has not affected local authorities.</p> <p>Brent crude oil futures, the world&#39;s benchmark oil index, rose 0.36 percent to 57.92 US dollars per barrel.</p> <p>Foreign institutional investors (FII) continued to net sellers in the capital market, pulling Rs. 810.72 crore on Thursday, according to temporary exchange data.</p>
  Fri, October 4, 2019 Read Full Article

Delhi-NCR vehicle strike: How it upsets daily travelers.

<p>A few days after New Delhi&#39;s Chief Minister Arvind Kejriwal said that the revised Motor Vehicle Act has improved the traffic situation in the city, passers on a daily basis are more likely to experience traveling in and out of Delhi-NCR. On thursday</p> <p>The United Front of Transport Association (UFTA) has called for transportation protests in the Delhi-NCR region to oppose tougher penalties for road traffic violations under the modified MV Act.</p> <p>UFTA represents a collection of 41 associations and unions of goods and passenger groups, including trucks, buses, cars, tempos, maxi-cabs and taxis.</p> <p>While the Transport Association is out on strike today, public travel will be very popular. The report shows that more than two hundred thousand personal vehicles, including automatic rickshaw and group buses, tend to leave roads in the Delhi-NCR region.</p> <p>Those who travel by private taxi through the existing taxi rental application have long been facing difficulties and most have to pay more because of the increased expenses during the period. High demand</p> <p>In most areas of the city, people are facing a huge problem finding a taxi.</p> <p>Those who travel every day via auto rickshaws for shorter trips will find themselves standing at an empty auto stand.</p> <p>Passengers will have to go an extra mile to find an auto rickshaw. A lot of people in different parts of the city are welcomed to the empty streets and stand during rush hours on Thursday due to transportation strikes.</p> <p>This problem is said to have to stay up until late.</p>
  Thu, September 19, 2019 Read Full Article

Insurance regulator fined 1.11 crore for violating policy bazaar rules

<p>The Indian Insurance and Development Regulatory Authority (Irdai) has imposed a penalty of Rs.1,11 crore on PolicyBazaar, which gathers insurance websites for regulatory violations. The decision was made after a complaint with Irdai to PolicyBazaar on 7 and 10 October 2016.</p> <p>Eight lawsuits have been filed against PolicyBazaar. Insurance banners have been found guilty of violating four allegations, while in the other four cases they have been warned to be careful in the future and guarantee not to repeat.</p> <p>According to the Irdai PolicyBazaar&#39;s order, it violated the regulation by joining a partnership with the Indian non-health insurance organization by Aetna (IHO) for consulting and OPD services for new customers. According to IRDAI, this is similar to the offering Incentives to customers for policy purchases It also advertises the services offered by IHO on the website. In addition, Irdai punishes the aggregator to share customer information with third parties, in this case IHO.</p> <p>PolicyBazaar was also found guilty of misleading broadcast advertisements about car insurance on television and receiving warnings. According to the Insurance Act, the insurance web aggregator, as an insurance intermediary, must create a website for providing an interface with insurance opportunities for comparing prices and product information of different insurance companies. And other related matters</p> <p><br /> In addition to the impressive penalties, Irdai recommends PolicyBazaar to act as an industry leader and avoid wrongdoing. However, if PolicyBazar feels pain over the decision of the regulator, they can appeal to the appellate court under Article 110 of the Insurance Act of 1938.</p>
  Fri, August 30, 2019 Read Full Article

Indian Rupee falls below 72 against Dollar

<p>The rupee on Friday fell below the level 72 compared to the US currency during the opening period due to continued outflow of foreign funds and losses in the capital market.<br /> The rupee fell 22 cents to the lowest level in 9 months at 72.03 compared to the US dollar in the first period.</p> <p>Rupees are traded in the range of 71.93 to 72.05 compared to the US dollar.</p> <p>Dollar appreciation in foreign markets and continuous capital outflows affect domestic currencies.</p> <p>The dollar index, which measures the strength of the US currency against the world level, increased by 0.15% before discussing the key addresses of the Federal Reserve Chairman, which is under pressure from Trump&#39;s administration to reduce Interest rate</p> <p>Foreign investors are still happy with the sale of shares in the Indian stock market amid hopes that the government will delay the economic stimulus measures.</p>
  Fri, August 23, 2019 Read Full Article

These ATM transactions are not counted as free transactions in one month.

<p>The Reserve Bank of India (RBI) requests that commercial banks do not carry out financial transactions that have failed due to technical reasons as well as non-cash withdrawals, such as balance inquiries or account book checks as part of the transaction. Free for customers every month. At this time, transactions fail due to technical reasons or the lack of cash in ATMs will be counted as Correct This means that such transactions are considered normal transactions and lead to billing as soon as the customer pays the maximum number of free transactions in a month. These transactions &quot;It will not be counted as a valid ATM transaction for customers,&quot; the central bank said in a communication with the bank issued on Wednesday.</p> <p>The central bank has instructed lenders not to count failed transactions for technical reasons, such as hardware, software or communication problems, and the lack of saving currency at ATMs for customers. All scheduled commercial banks - including banks in rural areas, urban / state banks / districts, small central banks, small financial banks and banks, payments - as well as white ATM operators are guided not to do Failed Transactions, PIN, and Free Transaction Validation Allowed to Customers in One Month Non-cash withdrawal transactions, such as balance inquiries, check requests, tax payments and transfers, are not part of the free ATM transaction amount based on the RBI. &quot;Therefore there will not be a fee charged for these failed transactions,&quot; the RBI added.&nbsp;</p> <p>As a rule, banks provide free transactions to customers every month. The amount of such transactions that are allowed to customers in each month will vary depending on factors such as type - whether it is an ATM or not, as part of the bank&#39;s ATMs, housing and ATM locations. For transactions at ATMs in the same bank network as the account, the lender will offer at least five free transactions in one month. For transactions at ATMs outside the home bank network But in one of the six major cities, namely Mumbai, Delhi, Chennai, Kolkata, Bengaluru and Hyderabad, they offer at least three free transactions in one month.</p> <p>For any transactions at other bank ATMs outside these cities, there will be at least five transactions for the customer free of charge according to current regulations.<br /> Customers are billed for more ATM transactions and higher than the number of free transactions that are ordered. The cost used in the case of any transaction above the monthly threshold varies from bank to bank.</p>
  Mon, August 19, 2019 Read Full Article

20 people died. Kochi Airport closed. The school was closed due to heavy rain.

<p>Heavy rain continued to smash Kerala and the death toll increased by 20 people, reportedly missing due to logging, forcing Kochi International Airport to close until Sunday. All educational institutions were closed today and the Chief Minister Pinarayi Vijayan asked for help from the Army and the Air Force because the prophets predicted that there would be more rain in the next two days.</p> <p>A few days ago, heavy rainfall was recorded by Wayanad as the most affected, while many areas were still cut off from broken roads and many people feared being trapped in landslides. In Meppady, seven people died on Friday. There were four people at Wayanad, two at Idukki and one in Malappuram.</p> <p>Officials have advised tourists to avoid the Wayanad and Idukki districts until 15 August. &quot;Some areas, such as Nilambur, Iritty, Kottiyur and Munnar hill destinations, receive 18-20 cm of rainfall in the past 24 hours,&quot; the Met office said.</p> <p>From all 44 rivers in the state, more than half are in floods and many dams have been added to the river. Over 20,000 people have been evacuated to safer places due to overflowing rivers and dams in many areas amid heavy rain. He said</p> <p>The Kerala Disaster Management Agency issued a red alert in the Idukki, Malappuram, Kozhikode and Wayanad districts for two days. Red alert means the notification area will receive heavy to very heavy rain. Yellow alerts will remain in six other regions. The regional metrology center says</p> <p>This severe rain of spells occurred almost a year after the devastating floods. The state killed over 450 people and caused hundreds of millions of damage. Millions of people have been affected by the floods, causing severe damage to agriculture, houses and other infrastructure. Last year, the situation deteriorated after authorities released water from many dams simultaneously in mid-August.</p> <p>Last year, more than one million people were moved to relief camps, due to 13 red alert officials from 14 districts. It was a level 3 disaster that was in line with the nearly catastrophic situation or large-scale disaster that dominated district-level agencies. And the state The state government has set one percent in the week before building the infrastructure that is affected by the flood.</p> <p>Despite the rain that has not stopped in the past few days, the state still has heavy rain - the amount of rainfall this year until 8 August is 1147.4 mm and the normal fall during this period is 1497 1 Mm, but the prophet said More than usual when the monsoon season comes near</p> <p>&quot;The monsoon is a four-month season during Kerala. July - August will have the most rain. But today some days have heavy rain due to external reasons So we can&#39;t speak monsoon in complete change, &quot;said K Santosh, director of IMD&#39;s regional center.</p>
  Fri, August 9, 2019 Read Full Article

PM Modi and President Xi Jinping discuss India and China peace in the border are...

<p>India and China on Monday stressed the importance of maintaining peace and tranquility in their border areas to ensure the development of a smooth bilateral relationship.</p> <p>Both sides acknowledge the need for peace along the contradictory border between the working mechanism meeting for consultation and coordination (WMCC) about the Indian-Chinese border operation held in Beijing.</p> <p>Both countries have focused on improving bilateral relations after the summit between Prime Minister Narendra Modi and President Xi Jinping in Wuhan, whose purpose is to set up their relationship in 2017 at Doklam. The importance of the leaders of both countries for effective border management, both sides reviewed the situation in the border area. &quot;Ministry Foreign Affairs said</p> <p>&quot;The importance of maintaining peace and peace in the border area is necessary for the smooth development of bilateral relations on both sides.</p> <p>The Indian side led by Naveen Srivastava, Co-Secretary (East Asia) in the Ministry of Foreign Affairs and the Chinese team led by Hong Liang, Director of Boundary Affairs in the Chinese Foreign Ministry</p>
  Tue, July 30, 2019 Read Full Article

RTI: A bill that can kill a right

<p>Fifteen years is a good time for institutional assessment. Right to Information Act (RTI), known as the Sunshine Law and promulgated in 2005, definitely deserves an in-depth study and assessment to accelerate the flow of information to the public. This calls for the upgrading of infrastructure skills, processes and enthusiasm in response from public authorities. A rigorous review of the RTI regime that was implemented in 2014 by various stakeholders resulted in a very useful discovery.</p> <p>Currently, more than 25,000 applicants are filed annually, which is a quantum leap from about 15,000 times, dating back to 10 years with digitization. The whole process of submitting an application, notification and uploading decisions becomes easy. And the system has increased the capacity and efficiency Increased applications indicate the people&#39;s faith, including better responses from public authorities.</p> <p>In this context, the government&#39;s plan to amend the RTI Act to change the salary and terms of the Information Commissioner is interesting. Lok Sabha on Monday passed. &quot;RTI Act (Amendment) Bill 2018&quot; This is a movement in the final session as well. But withdraw in the face of violent resistance</p> <p>The final bill of RTI in 2005 has the provisions to appoint a deputy commissioner who will act according to &#39;The direction of the federal government&#39; The parliamentary committee recommended to remove because it would allow all civil servants in the information management working group. Finally, when the bill is submitted, this subclause is replaced: &quot;... may use all such powers and do all things and things that may be used or done by the Central Information Commission (CIC) independently. Without being guided By other agencies under this Act &quot;The committee felt that&quot; it is desirable to consult with the information commander and deputy commander, the Commission on Status Information of the Chief Election Commission and the Election Commissioner respectively ... &quot;</p> <p>The RTI (Amendment) Act 2019 has been set to dilute the Act by lowering the salary and autonomy of the Information Commission. It will affect the sovereignty of the state because it reduces their power to make decisions about the level of independence for the information commission in their jurisdiction. If there is a bill passed, there will be an unusual situation that the state will have the power to appoint commissioners But the center will consider their position, salary and status</p> <p>Many states may oppose such movements. In addition, how can you specify the salary and duration of work? Does it mean different salaries and positions for different commissioners?</p> <p>The government stated that RTI is not a constitutional right and the CIC and the State Information Committee are not constitutional agencies. But the Supreme Court on the issue of important cases can be considered RTI. The right to vote is derived from the right of expression under Article 19 (1) (a). Both the CEC and CIC enforce both sides of that fundamental right. The RTI Act of 2005 states that information is &quot;Constitutional rights&quot; while the 2019 draft law conflicts with it If the Election Commission enforcing the rights under Article 324 (1) is the Constitution Institute, the Information Commission that enforces basic rights under Article 19 (1) (a) is not a draft constitution. The mandate of both is similar - to meet the constitutional obligations if the RTI has been previously introduced in India as well as other countries, as well as the CEC will find a mention in the constitution itself.</p> <p>Therefore, both CIC and CEC are equal and the judiciary should be separated from the legislature and the administration according to the separation of powers established by Montevideo and established in the Indian Constitution.</p> <p>The introduction of the RTI Act of 2005 shows a broad goal: transparency and accountability. The Information Commission judges the appeal in such a way that these objectives are fulfilled without fear and favor. The commission therefore needs to be protected from political turmoil and decorated with appropriate status. It can be said that there is a thorough discussion with all stakeholders including the judiciary, the legislature and the administration before giving the current status to the Commission in the RTI Act 2004.</p> <p>The RTI Act is a law on sunlight. Intelligent RTI query management directly affects governance, especially public delivery systems and discloses damage. More and more poor people seek justice through RTI. Applications ? 10 give hope to them and the recipients, which is the duty of the people to release. The hourly requirement is to strengthen the RTI regime by posting a strong and direct commission that maintains the dignity and power of the institution. Reducing their salaries and work periods will be a retrograde step which is equivalent to creating a RTI mission under</p>
  Tue, July 23, 2019 Read Full Article

Sensex jumped more than 250 points; Infosys rails 5%

<p>The BSE Sensex stock index rose more than 250 points on Monday, boosted by an increase in the Infographics Heavy Infographic Index amid positive signals from the global market.</p> <p>However, the 30 stocks have some profits for trading 164.84 points or 0.43%, which is higher than 38,901.07 at 0930 hours. Similarly, the wider Nifty increased by 46.95 points or 0.41 percent to 11,599.45.</p> <p>Infosys is the most beneficiary of the Sensex group, which has more than 5% funding after the major IT operators come out with the June quarter results of the market. Posting hours on Friday, the company reports profit. Net quarterly quarter that was higher than expected at 5.3% and increased revenue growth forecast for the current financial statements.</p> <p>Yes, banks, Sun Pharma, Tata Motors, M&amp;M and Bajaj Auto increased to 3.88%</p> <p>On the other hand, L&amp;T, Vedanta, Hero MotoCorp, ICICI Bank, Tata Steel, Axis Bank, NTPC and PowerGrid decreased by 1.10 percent.</p> <p>In addition to the shares of Infosys, the company&#39;s global guidance makes investors believe here as well.</p> <p>Market and wait for the wholesale price index (WPI) which is scheduled to be released the following day.</p> <p>In the previous session, the 30 stock indicators settled 86.88 points or 0.22% lower than 38,736.23 and the wider NSE Nifty dropped 30.40 points or 0.26% to 11,552.50 on a net basis. Foreign institutional investors sold shares worth Rs 850.11. crore while domestic institutional investors buy stocks to adjust Rs 940.12 crore, which is temporary data along with the stock market, shows that Friday</p> <p>In other parts of Asia, the Shanghai Composite Index Hang Seng Nikkei and Kospi traded higher at the beginning.</p> <p>At the same time, the Indian Rupee appreciates by 14 points to 68.55 against the US dollar.</p>
  Mon, July 15, 2019 Read Full Article

Wal-Mart received a surprise worth $ 10,000 million after purchasing Flipkart.

<p>The Flipkart Board of Directors has recently authorized PhonePe Pvt Ltd. to be a new entity and explore raising $ 1 billion from outside investors by valuing up to $ 10,000 million as people are familiar with this.</p> <p>When Walmart Inc. paid $ 16 billion to control the pioneer e-commerce Flipkart Online Services Pvt of India last year, the American retail giant has a slightly noticeable digital payment subsidiary as part of the deal. agreed The business is now one of the country&#39;s top startups, which is a surprising benefit for Walmart due to the largest acquisition.</p> <p>The Flipkart Board of Directors has just authorized PhonePe Pvt Ltd. to be a new entity and explore the $ 1 billion fund raised by external investors by valuing up to $ 10,000 million as people are familiar with this matter without asking for a name because Private discussions. Funding may be closed in the next few months, although negotiations are not yet finalized and the conditions are still changing. Units will be independent from different investor base. Although Flipkart, who owns Walmart, will still be shareholders of Walmart and Flipkart, do not reply to emails that search for comments.</p> <p>PhonePe - which means &quot;phone&quot; in Hindi and pronounced &quot;Pay phone bills&quot; - has grown to be one of India&#39;s leading digital payment companies. The volume and value of transactions of the company has increased four times over the past year, as consumers in the country use technology to transfer digital money to businesses and each other. PhonePe is gaining interest from Paytm, a leader. In the field and supported by Warren Buffett</p> <p>PhonePe is a &quot;bad asset&quot; Edward Yruma, an analyst from KeyBanc Capital Market, wrote in a recent research journal. He estimates that the business may be worth 14 billion dollars to 15 billion dollars, separate from the Flipkart e-commerce business.</p> <p>Beginning in December 2015, three friends from Flipkart left the area. Within a year, Flipkart founder Binny Bansal and Sachin Bansal decided to buy PhonePe by realizing that solving the payment friction problem would make consumers buy products online easier. Less than a year later, the Indian government has made unprecedented moves to ban large banknotes to reduce corruption and increase digital transactions with &quot;Demon Creation&quot;. Paytm PhonePe and other experienced services will only flourish. flourishing</p> <p>Cheap smartphones and discounted wireless data plans bring millions of Indians online in the past year since promoting the entire industry. In June, PhonePe app had 290 million transactions with a total value of $ 85 billion, compared to 71 million transactions at $ 22 billion in the previous year.</p> <p>The service is driven by a wide range of services, including movie ticket funds and airline reservations. Earlier this year, it began to use Bollywood stars Aamir Khan in advertising.</p> <p>&quot;Worldwide, FinTech, a private company, is hardly reaching the PhonePe level on both sides of the network very quickly,&quot; said Sameer Nigam, co-founder and CEO of PhonePe, in a statement pointing to 150 million customers and more 5 million merchants &quot;That&#39;s why investors are interested&quot;</p> <p>Wal-Mart has been discussing for several months whether to raise funds for internal payment businesses or to separate operations so that funds can be raised from outside. After plowing nearly $ 300 million in PhonePe, US retailers choose to continue using the course. Alibaba Group Holdings Limited has made similar decisions when separated from Alipay business, which helps to grow by allowing to work with a wide range of stores.</p> <p>Wal-Mart is still struggling, whether it is a strategic investor or a financial acquaintance. While strategic investors should be better for growth, Wal-Mart&#39;s top executives worry that such supporters often need more voting rights. Walmart wants to use lessons from PhonePe to perform other tasks. worldwide</p> <p>There has not been a change in future roles for the external investors of Flipkart. Tiger Global Management and Tencent Holdings Ltd. each hold a position of director and shareholding ratio of about 5%, while Walmart holds approximately 80%. Interested in a variety of companies before any agreement can be concluded.</p> <p>The new fundraising aims to help PhonePe grow. The company plans to delve into the important lands of the country where competitors are not expanding with the goal of generating profits.</p> <p>The market has many potentials. Credit Suisse Group AG said that digital payments in India are expected to reach 1 trillion dollars by 2023 from about 200 billion dollars, now in addition to PhonePe and Paytm, Google Pay, Amazon Pay and services. WhatsApp payments will soon be open for customers. They benefit from India&#39;s comprehensive payment interface, which is the core technology that includes national banks and 140 digital payment companies.</p>
  Thu, July 11, 2019 Read Full Article

News in Hindi Show All