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Pain continues: Sensex plunges 450 points as Nikkei, Hang Seng crash

Aug 25, 2015 at 12:16 | Source: FirstPost

Domestic equity market sentiment once again turned extremely bearish as a steep fall in other Asian indices, including Nikkei and Hang Seng, sent local investors running for cover. As Japan's Nikkei tanked more than 1,000 points and China's Hang Seng...

Sensex ends at two-month low, but pares losses on late buying

Aug 21, 2015 at 16:40 | Source: FirstPost

Key share benchmark indices retreated for the second straight session, but closed off their intra-day lows on selective buying in late trades even as the benchmark Sensex hit two-month low on weak overseas markets sentiment, bleak global economic sce...

Now, ride Uber for free 4G internet, use Airtel Money to pay for your trip

Aug 21, 2015 at 15:18 | Source: FirstPost

Mumbai: Telecom operator Airtel and taxi-hailing app Uber on Friday announced a first-of-its-kind strategic partnership facilitating Uber passengers across India to pay for their trips using Airtels mobile wallet service - Airtel Money. Those in...

Early crash takes Sensex losses to nearly 800 pts in two days; rupee, China pummel stocks

Aug 21, 2015 at 10:30 | Source: FirstPost

Domestic equities showed no signs of pull back, as markets continued from where it left yesterday, with Sensex crashing 477 points in early Friday trade amid broad-based frenzied selling following a rub-off effect of weak global markets sentiment and...

11 entities get payments bank licences: What it means for Indian banking sector

Aug 20, 2015 at 11:44 | Source: FirstPost

The Reserve Bank of India on Wednesday gave in principle approval for 11 entities to set up payments banks. The move has been touted as a harbinger of a revolution in the Indian banking sector.Here are the key factsyou need to know about the developm...

RIL, Aditya Birla et al getting payment bank licences: What it means for the India's banking sector

Aug 20, 2015 at 10:42 | Source: FirstPost

The Reserve Bank of India on Wednesday gave in principle approval for 11 entities to set up payments banks. The move has been touted as a harbinger of a revolution in the Indian banking sector.Here are the key factsyou need to know about the developm...

RBI paves way for banking revolution: 11 entities get nod for payments banks

Aug 20, 2015 at 10:35 | Source: FirstPost

Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that yesterday got the Reserve Bank's nod to set up non-lending payments banks as part of the financia...

RBI paves way for banking revolution: RIL, Airtel among 11 to get RBI nod for payments banks

Aug 20, 2015 at 08:44 | Source: FirstPost

Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that yesterday got the Reserve Bank's nod to set up non-lending payments banks as part of the financia...

Banking revolution coming: RIL, Airtel among 11 to get RBI nod for payments banks

Aug 20, 2015 at 06:42 | Source: FirstPost

Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that today got the Reserve Bank's nod to set up non-lending payments banks as part of the financial in...

India picks phone carriers among 11 firms awarded niche bank permits| Reuters

Aug 19, 2015 at 23:15 | Source: FirstPost

MUMBAI Leading mobile phone network operators Bharti Airtel Ltd and Vodafone India are among the 11 companies selected by the Reserve Bank of India (RBI) to help set up "payments banks", aimed at granting millions of citizens access to basi...

Pain continues: Corporate earnings seen falling further; will govt meet 8% growth promise?

Aug 18, 2015 at 09:57 | Source: FirstPost

Corporate India looks to be heading for its fourth consecutive drop in quarterly net profit as companies battle cheap imports and delay investments to expand capacity due to high interest rates.This prolonged slump would make it tougher for Prime Min...

Amid weak China, Sensex tumbles over 300 pts early Mon; PSU bank shares buck trend

Aug 17, 2015 at 10:19 | Source: FirstPost

Tracking the steep fall in Chinese equity markets, key domestic share indices took a major plunge in early Monday trade with Sensex tumbling more than 300 points as investors cut their position in oil&gas, capital goods and realty shares.The ...

Are Oxigen Wallet and others security threats in conveniences clothing?

Aug 13, 2015 at 16:26 | Source: FirstPost

Mobile money, or branchless banking, is quite a boon to the developing world. It brings in financial services to the unbanked population and ease of use. All that is needed is a cellular network and the app on a smartphone to get an electronic paymen...

All-round buying helps Sensex breach 28,400-mark in early trade, up 158 points

Aug 10, 2015 at 10:41 | Source: FirstPost

Making a positive beginning for the week, key equity benchmark indices advanced sharply in early trade Monday tracking gains in other major Asian gauges, as investors resorted to broad-based buying ahead of the key economic readings later this week.W...

Govt slaps Rs 10.8 cr penalty on telcos for exceeding radiation limit of mobile towers

Aug 07, 2015 at 21:21 | Source: FirstPost

New Delhi:The government has imposed Rs.10.80 crore penalty on telecom service providers till 31 May, 2015 for violating prescribed limits of radiation from mobile towers, the parliament was informed on Friday.The maximum penalty of Rs.2.15 crore was...

Bharti Airtel's 4G services starting at Rs 25: Here's what's on offer

Aug 07, 2015 at 13:54 | Source: FirstPost

India's top telecom service provider Bharti Airtel on Thursday said it has commercially launched its fourth generation (4G) communications services in 296 towns across the country."With the help of the feedback received from the beta launches, w...

Bharti Airtel's 4G services starting price Rs 25: Here's what is on offer

Aug 07, 2015 at 11:10 | Source: FirstPost

India's top telecom service provider Bharti Airtel on Thursday said it has commercially launched its fourth generation (4G) communications services in 296 towns across the country."With the help of the feedback received from the beta launches, w...

Bharti Airtel's 4G services start at Rs 25 data packs: Here's what is on offer

Aug 07, 2015 at 10:06 | Source: FirstPost

India's top telecom service provider Bharti Airtel on Thursday said it has commercially launched its fourth generation (4G) communications services in 296 towns across the country."With the help of the feedback received from the beta launches, w...

Bharti Airtel offers 4G starting Rs 25 data packs: All you need to know about the rollout

Aug 07, 2015 at 09:39 | Source: FirstPost

India's top telecom service provider Bharti Airtel on Thursday said it has commercially launched its fourth generation (4G) communications services in 296 towns across the country."With the help of the feedback received from the beta launches, w...

Big-bang roll-out: Bharti Airtel offers 4G services at 3G prices in 296 towns

Aug 07, 2015 at 07:26 | Source: FirstPost

New Delhi: Bharti Airtel today announced the commercial launch of 4G services in 296 towns across India after testing the market in select cities.The telecom company launched first 4G network in India in Kolkata in April 2012."Now, customers acr...

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