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The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.Business
Vodafone Idea to close m-pesa biz, writes off Rs 210 cr for payments...

The company had written off a total amount of Rs 580 crore during the first quarter of 2019-20.

30 July 2019 9:08 AM IST

MobiKwik said it had started offering wallet-to-wallet transfers, though not all rivals were on board.Business
RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

These two prepaid payment instrument issuers have been levied monetary penalty for non-compliance of regulatory...

30 July 2019 9:05 AM IST

Over 10 lakh offline merchants across India accept Paytm for payment including taxis, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, and parking.Business
Paytm Money plans to start stock broking services, NPS sales by Mar

Paytm Money received approval to start sale of National Pension Scheme from the PFRDA in May.

30 July 2019 9:00 AM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.Business
SBI tightens lending terms for auto dealer: source

SBI has also cut the credit period for dealers to 60 days from 90 days.

30 July 2019 8:49 AM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)Business
Uber lays off 400 employees in marketing team

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team.

30 July 2019 8:41 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.Business
Negative sentiment to continue amid mixed cues

The Nifty-50 Index closed 0.84 per cent or 95.10 point down at 11189.20.

30 July 2019 1:32 AM IST

SDMC has issued directions to all hotels, restaurants and eateries in its jurisdiction to make their washrooms accessible to the public at a price of Rs 5 from April 1.Business
H1 sees 46 new hotels adding 3,509 keys

In terms of new properties being signed also, mid-scale remained top with 37 hotels and 2,900 keys.

30 July 2019 1:32 AM IST

In 2014-15, the country had exported leather and leather goods worth $6,494 million, recroding 9.37% growth.Business
Leather exports decline despite government incentives

In the previous year the industry had clocked a remarkable growth of 18.39 per cent.

30 July 2019 1:32 AM IST

Swamy urged the PM to institute a special team of CBI, ED, SFIO and I-T officials to probe 14-year-money laundering of the group by siphoning off funds of the National Housing Bank.Business
Indiabulls stocks crash over Swamy charges

Indiabulls Real Estate fell 4.72 per cent and Indiabulls Venture was down 4.68 per cent.

30 July 2019 1:22 AM IST

Effective September 1, motor vehicle owners would be able to buy a standalone annual \own damage\ cover. This will be applicable for cars and two-wheelers, both old and new, insurance regulator IRDAI said.Business
Registration of vehicles to pinch

The government on Friday proposed amendments to the motor vehicle norms to allow scrapping of vehicles older than 15...

30 July 2019 1:21 AM IST

Finance Minister Nirmala SitharamanBusiness
Bond yields dip on rate cut, foreign bond hopes

Sovereign bond rallied on Monday with the benchmark 10-year security dropping nine basis points to 6.43 per cent.

30 July 2019 1:21 AM IST

State Bank of IndiaBusiness
SBI slashes deposit rates by 20-75 bps

For five years to up to 10 years, the new rate is 6.5 per cent.

30 July 2019 1:21 AM IST

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