State-run oil marketing companies (OMCs) hiked the price of subsidised cooking gas, or LPG, effective from Thursday by Rs 2.07 per cylinder, while that of aviation turbine fuel (ATF) was cut by 3.7 per cent. OMCs revise rates of LPG and ATF on the first of every month, based on global oil prices and the foreign exchange rate. With this...
Mumbai, Dec 1 (IANS) To enable digital transactions, especially among small merchants, Reliance Industries on Thursday announced it was launching next week its Jio-Money Merchant Solutions. "To enable digital transactions, merchants, especially small merchants, are an important component of our economy. To fuel their transactions, Jio is ...
The first salary day on Thursday post-demonetisation proved harrowing for millions in Mumbai and elsewhere in Maharashtra struggling to withdraw cash for their monthly commitments, with senior citizens and pensioners hit worst. Most ATMs continued to remain cashless as desperate men and women drove from one to another, halting wherever they saw a 'live...
In order to encourage digital payment systems across the country post demonetisation, the central government on Thursday said it will adopt best available practices in this regard. "As of now, the government is encouraging Unified Payments Interface (UPI), e-wallet, use of debit and prepaid cards and Adhaar enabled payment system ...
Congratulating Prime Minister Narendra Modi for his recent demonetisation drive in the country, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, on Thursday said it is the strongest possible push to the growth of a digitally-enabled, optimal cash economy. "This decision is an important step in his ongo...
Researchers from US-based cyber security company FireEye have claimed discovering malicious phishing websites created by cyber criminals that spoof 26 Indian banks to steal personal information from customers. FireEye identified a new domain (csecurepay[.]com) that was registered on October 23 this year and appears to be an onli...
Taking Jio's offer a step further, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, on Thursday launched 'Jio Happy New Year' offer for its new and existing customers. "Starting Dec 4, 2016 every new Jio user will get data, voice, video and the full bouquet of applications absolutely free till March 31, 2...
Three Gulf countries rank in the top 10 category among remittance-sending countries, with Saudi Arabia ranking second to the US with regard to remittances sent abroad - at $37 billion....
The Indian equity markets rose on Wednesday, as higher global crude oil prices, short-covering and value buying at lower levels buoyed investors' sentiments....
The demonetisation narrative has seen a subtle shift from "curbing black money" to the need for a "cashless economy", but experts feel a cashless economy could hit the bottomlines of banks as the number of transactions would increase exponentially, making them cost-inefficient....
