Federal Bank Joins NPCI for ‘Flash Pay’ Contactless Payment
Federal Bank, in a strategic alliance with the National Payments Corporation of India (NPCI), has introduced a revolutionary payment solution – ‘Flash Pay’. This innovative offering takes the form of a RuPay smart keychain, empowering users to experience the convenience and security of contactless NCMC (National Common Mobility Card) payments. Effortless Transactions at Your Fingertips […]
Innoviti Payments, Concerto Software Secure RBI Licences
The Reserve Bank of India (RBI) has injected fresh momentum into India’s booming $88.13 billion digital payments arena by granting Payment Aggregator (PA) licences to Innoviti Payments and Concerto Software. This move elevates both companies to the ranks of established players like Razorpay, Cashfree, and Amazon Pay, further intensifying competition and innovation within the sector. […]
Reliance Power Units Settle Rs 1,023-cr Debt
Reliance Power’s pedal is firmly on the gas as it races towards its goal of achieving zero debt by March 31, 2024. The company announced a significant milestone on March 27, 2024, with the settlement of Rs 1,023 crore debt by two of its subsidiaries, Kalai Power Pvt Ltd and Reliance Cleangen Ltd. This settlement […]
Amul Expands: Fresh Milk Launch in US
Amul, a cornerstone of Indian kitchens and a cultural icon recognized for its delectable dairy products and quirky advertisements, has embarked on a significant journey towards global expansion. In a historic first, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the force behind the Amul brand, is launching its fresh milk products in the United States. […]
Tech Mahindra, IBM Team Up for Digital Progress
Tech Mahindra, a leading provider of digital transformation services with a revenue of $6.3 billion (FY2023), and tech giant IBM, boasting a global footprint and cloud revenue exceeding $20 billion (2023), have announced a groundbreaking collaboration valued at over $1 billion. This strategic alliance aims to propel digital adoption among enterprises in the dynamic Asia-Pacific […]
PolicyBazaar Expands: Launches PB Pay Private Ltd
PolicyBazaar, a dominant force in India’s online insurance and loan comparison market estimated at ₹18.5 lakh crore in 2023 , is making a bold move to expand its reach. The company recently announced the formation of PB Pay Private Limited, a wholly-owned subsidiary that marks its foray into the realm of payment aggregation services. This […]
Titan SBI Card: Fusion of Finance and Fashion
SBI Cards and Payment Services Ltd (SBI Card) continues its strong partnership with Titan Company Ltd by offering the feature-rich Titan SBI Card. This co-branded credit card, launched in 2018, specifically caters to watch enthusiasts and frequent shoppers at Titan brands. As of March 2024, the Titan SBI Card remains a popular choice due to […]
Telecom Regulator: IoT Embedded SIM Recommendations
In a move set to reshape the Internet of Things (IoT) landscape in India, the Telecom Regulatory Authority of India (TRAI) has issued a series of recommendations focused on strengthening security and promoting the widespread adoption of 5G technology. The new guidelines propose a mandatory conversion of embedded SIMs (eSIMs) in imported IoT devices that […]
TCIL Plans 15% Stake Sale in Bharti Hexacom
Telecommunications Consultants India Limited (TCIL), a government-owned company, has tweaked its disinvestment plans in Bharti Hexacom, a subsidiary of telecom giant Bharti Airtel. Initially, TCIL aimed to offload a 20% stake, according to a Draft Red Herring Prospectus (DRHP) filed with SEBI in January 2024 . However, according to recent reports, the company will now […]
KEC International: Rs 1004 Cr Orders in Various Verticals
KEC International, a leading engineering, procurement and construction (EPC) company in India, has further consolidated its position in the infrastructure sector by securing new contracts worth Rs 1,004 crore across its various business verticals. This impressive achievement comes on the heels of the company’s announcement on March 22, 2024, revealing a robust year-to-date (YTD) order […]