Digital money takes a big swipe at cash

Digital payments grew 57% year-on-year in the last fiscal with mobile wallets more than doubling and card payments rising 44%, helped by a strong government push particularly after the demonetization drive in

 Alibaba’s Ant Financial buys 20% of data firm for $35 million: Source Chinese e-commerce firm Alibaba Group Holding Ltd’s affiliate Ant Financial has bought a fifth of financial data provider Shanghai Suntime

Arvind Internet in talks to acquire Freecultr

Textile-to-retail conglomerate Arvind is in advanced talks to acquire Sequoia Capital-funded e-commerce company Freecultr, becoming the latest brick-and-mortar store operator to snap up troubled online ventures. Arvind is currently carrying out due

RIL May Roll Out Its 4G Network By August

Market research firm, Morgan Stanley has predicted that Reliance Industries Limited (RIL) may roll out its 4G services in the next three months. The research firm also estimates that RIL may eye

DoT may start spectrum auction by mid-July

Department of Telecom is looking to commence the auction for spectrum, including in 700Mhz band, around mid-July, which may fetch the government Rs 5.4 lakh crore. “Telecom Commission is meeting on March

Suzlon takes on  Solar Energy

Suzlon Group will be entering the solar energy sector this year. According to Suzlon’s group chairman, Tulsi Tanti, the group will be synchronising with the government and is trying for sustainable and