Tata Consultancy Services on Monday said a consortium, led by the IT giant, received an advance purchase order valued over Rs. 15,000 crore from the state-run BSNL for the deployment of a fourth-generation mobile (4G) network across India. This comes at a time when Reliance Jio and Bharti Airtel are…
Japan is mulling to join India’s UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. “Almost every global forum, whether G20, SCO (Shanghai Cooperation Organisation) or G7, wherever…
India is reportedly reconsidering to let crypto investors use Unified Payments Interface (UPI) to purchase digital assets like cryptocurrencies and non-fungible tokens (NFTs). The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI for crypto transactions. These proposals have been sent by crypto…
India is a ripe target for electric vehicle firms as the third-largest auto market in the world but due to slow domestic takeup, no Indian company is likely to have a meaningful global share of electric vehicles in the foreseeable future, according to a report by S&P Global Ratings. Asia…
Last week, South Korea’s Hyundai Motor announced that it will invest $2.45 billion (roughly Rs. 20,000 crore) in Tamil Naidu over the next 10 years to bolster its electric vehicle (EV) production in India. SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai…
India’s competition watchdog has begun an inquiry into Google after some companies alleged the service fee the US firm charges for in-app payments breaches an earlier antitrust directive, a regulatory order seen by Reuters showed on Friday. Tinder-owner Match Group and Indian startups have asked the watchdog to investigate Google’s…
The Indian government’s open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more than 36,000 merchants, a senior company official said on Thursday. The government launched the Open Network for Digital Commerce (ONDC) last year to give small businesses and retailers access to…
WhatsApp has responded to the Indian Government’s call to send notice to the Meta‘s messaging platform regarding an increase in international scam calls. Promising to safeguard user’s privacy and security, WhatsApp says it provides options like ‘Block’ and ‘Report’ for users to avoid any unwanted calls or messages. It also…
Retail giant Walmart on Wednesday said India’s unique ecosystem of suppliers will help the company in achieving its goal of exporting goods worth $10 billion (nearly Rs. 81, 950 crore) from the country annually by 2027. Addressing Indian suppliers and partners, Walmart President and CEO Doug McMillon reaffirmed the roadmap…
Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China. Also known by its official name, Hon Hai Precision Industry, Foxconn is the…
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