Dismissing reports that global payments platform PayPal is set to buy a 25 per cent stake in homegrown e-wallet FreeCharge, a company spokesperson has denied any such development. Media reports claimed on Sunday that PayPal is expected to take a significant stake in FreeCharge for around $200 million. "There is no basis to a speculative media...
Mobile payment and e-commerce platform Paytm on Monday announced a 100-member 'merchant helpdesk', announcing that it will invest Rs 50 crore towards educating merchants on digital payments across the country. The helpdesk will educate users about why the delay in transfer in a few cases, which happens due to the banking systems that are going through ...
Several flights scheduled to depart and arrive at Sri Lanka's Bandaranaike International Airport (BIA) were delayed due to the temporary closure of certain parts of Indian airspace, an airport official said here on Monday. The Indian Air Traffic control informed the Sri Lankan officials that its airspace would be closed from 8.30 a.m. to 12.30 ...
German luxury car manufacturer BMW will recall 193,611 vehicles in China due to defective airbags, officials said on Monday. China's General Administration of Quality Supervision, Inspection and Quarantine said in a statement that when the airbags for the driver and front passenger of these cars are activated, the gas generators inside can caus...
Ministers in Israel have approved a bill - dubbed the "Facebook bill" - that seeks to compel social media providers such as Facebook, Twitter or YouTube to immediately remove contents from their platforms that the Israeli courts consider incitements that could lead to violence or terrorism. The bill that would apply to posts tha...
The key Indian equity indices on Monday opened in the red following global cues. The 30-scrip Sensitive Index (Sensex), was trading 133.09 points or 0.51 per cent lower soon after opening. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was trading 33.80 points or 0.42 per cent lower at 7,951.95 points. The Sensex of the BSE, which opened...
British rail passengers are facing major disruption on Boxing Day with 200 sets of rail works planned over the festive period. London, Manchester and Cardiff are among the cities worst hit, with Heathrow Express also suspended for six days, the BBC reported on Monday. The Labour Party blamed ministers for "lack of action" - but the governmen...
Japanese automobile maker Nissan Motor Corporation is progressing steadily towards capturing five per cent market share in India by 2020 with new model launches, said a top official of its Indian operations. "Nissan India is progressing towards our aim of becoming a major force within India with a five per cent share by 2020. We currently have ...
Derivatives expiry, coupled with the direction of foreign funds' flow and government's efforts to build a consensus over the contours of Goods and Services Tax (GST) are expected to flare up volatility in the Indian equity markets during the upcoming week. ...
Faced with an acute manpower shortage, lack of logistical support and infrastructural bottlenecks in the Income Tax department, the objective of unearthing concealed income, or black money, through the demonetisation route could become a distant dream, taxmen say....
