Following the transaction, SBI and Carlyle will own 74 percent and 26 percent, respectively in each of the two entities. According to reports, Carlyle was in talks to buy the 26 percent stake for Rs 2,000 crore.
Innoviti Payment Solutions backed by Infosys co-founder N.R. Narayana Murthy-promoted Catamaran Ventures, has raised Rs 120 crore (about USD 18 million) in its second round of funding from SBI-FMO and Bessemer Venture Partners
Ericsson had said in 2014 it would diversify so that by 2020 up to 25 percent of revenue would come from industries beyond telecoms. But the plan has not worked and and the compnay will focus on the core business of mobile networks.
RBI Deputy Governor SS Mundra came down heavily on banks for charging customers exorbitant and high service charges including for minimum balance maintenance, mis-selling of third party insurance products, etc.
Banks have also asked employees to exercise caution while browse websites, including Gmail and Facebook, while implementing other precautionary measures to avoid future malware attacks.
Watch accompanying videos of the Launch of 100 ICICI digital villages wherein the panellists are discussing deliberately upon how digital elements are playing out.
From a role confined to maintenance of IT infrastructure, chief information officers (CIOs) of enterprises now find themselves improving business processes, according to the The EY-CIO Klub Enterprise IT Trends and Investments Survey 2017.
This fund has th an aim to get to Rs 400 Crore in the next 3-4 years. He said that he will raise the rest from other like-minded individuals and corporates committed to build this eco system of tomorrow as well as from corporate social responsibility funding.
According to R Gandhi, recently retired as the Reserve Bank of India’s Deputy Governor said, "Right now we are trying to do all things including Aadhaar Pay, UPI, BHIM and simultaneously trying to work on MDR (merchant discount rates) on card payments."
Technology and data analytics have been put to good use by many fintech players such as Artoo, Innoviti, ArthImpact, FlexiLoans and others to explore the largely untapped market.
"The training programme has started on April 8 and will continue till April 14 (the birth anniversary of Dr Bhimrao Ambedkar). During this week, BJYM will train about 15 lakh youths about BHIM App," he said.
With 100 percent E-tenders and E-auctions already assimilated into the system, railways are further planning to build on these initiatives to achieve seamless flow of material, finances and information.
Watch NetApp Innovation Awards which recognises people who have done pioneering work across technology and innovations. Also watch eminent panel debating on what does it take to cross the digital chasm.
New entrant Jio has initiated a price war leading to prices for data plans – including for 4G -- falling in a big way. This has led to a shift in the way people consume data.
Government is all set to launch Aadhaar Pay on April 14, a payment system which will enable people to carry out bank transactions just by using their thumb impressions.
Aadhaar Pay is a payment system that will enable individuals to carry out bank transactions by using their thumb impression.
In an interview to CNBC-TV18, Ekta Kapoor and Sameer Nair of Balaji Telefilms spoke about ALTBalaji's digital launch and how they plan to fight it out, survive and grow in the digital space.
Kotak Mahindra Bank today announced its strategic plan to double its customer base in next 18 months. For this, the bank has launched a ‘unique new phenomenon called 811’.
In an interview to Moneycontrol, Martijn De Jong, Chief Digital Officer at Aegon Life Insurance, said that it hasn't been easy going digital in India, where agents are the core distribution platform for the insurance industry.
German media and publishing group Bertelsmann today presented ambitious objectives for 2020, as its bets on digital and international expansion paid off with a second one-billion-euro annual profit in 2016.
"India and China are the largest digital markets in the world, and Reliance Capital intends to 'go digital' in all its businesses to serve the new age customers," Anmol said while addressing analysts along with his father and chairman Anil Ambani on business plans of Reliance Capital.
Digital mediums are likely tornsurpass traditional ones by 2021-22, when smart phone andrnbroadband penetration increases in the country, according tornEY India.
Called 'Experience of the Future' (EOTF), the McDonald's outlet in Mumbai features self-ordering kiosks, table service, and has also introduced several healthy options on the menu.
Digital wallet company Paytm will now levy a 2 percent charge for adding money into the wallet using credit cards. No charges will be applicable on money transferred using debit cards or net banking.