Finance

This should come as a big boost to Indian Economy and falling rupee. Indian Prime Minister, Mr. Manmohan Singh announced on Tuesday opening up of Foreign Direct Investment in 10 sectors, which include Defence production, Insurance, Petrol…

Every person who has changed his job has faced this problem one time or the other – They have to run from pillar to post for their Provident Fund account to be transferred to their new employer. In most cases it takes nearly 30 days for the…

For the last one year government is spreading a message that gold is the cause of all problems for India. They hiked import duty, asking banks not to deal in gold, trying to make people feel guilty about owning gold. Chidambaram recently…

Although, the percentage of Banking Cyber Frauds have reduced over past 4 years, it is still quite high and many consumers end up loosing lot of money to it. Reserve Bank of India has recently announced changes in the Debit / Credit Card…

Today is the D-Day – The Indian Union Budget 2013-14 will be presented in the Parliament today. Every one is watching and everyone is talking about it and like every year, we will be following the Union Budget closely and will be bringing…

So the much awaited Indian Railway Budget is out. It was presented by Indian Railway Minister Mr. PK Bansal in parliament today. We bring you the most important updates and highlights from 2013-14 years Railway Budget. 1) While the…

The deadline for new cheques under the Cheque Truncation System CTS-2010 has been extended till 31 March 2013 by the RBI. The move to replace cheques with instruments that meet the new cheque CTS-2010 Standard comes with benefits for banks…

In the earlier article we covered briefly about what CIBIL is and what is the importance of a Credit Score and CIR. If you have purchased your Credit score report recently, then this article is a good reference point as to what aspects of…

Aadhar is now steadily going mainstream. According to the news on Hindu, Government has launched Saral Money, a type of a Debit Card, that will enable user to have  a Bank account instantly based on users Aadhar Card details. The KYC…

Mast Kalandar, one of the leading food chain, catering primarily in North Indian Vegetarian food, has raised USD 6 million from Helion Venture Partners and Footprint Ventures. This will be their 3rd round of funding. Helion leads this round…

Vodafone India and ICICI Bank have inked a strategic alliance to launch mobile money transfer and payment service called ‘m-pesa’. This mobile money service will be available to all Vodafone customers and has been launched through its 100%…

In the United States, it is customary to sign-up for credit cards online and even get the approval instantaneously. They have a very structured way of assessing Individuals’ creditworthiness as everything is tied back to their Social…

MTS has announced launch of revolutionary service on its smartphones called – mPOS or Mobile as Point of Sale. The MTS mPOS is essentially a combination of a smartphone app along with a small hardware  that reads debit or credit cards. The…

We've talked about how IT is changing every nook and corner of the different industry sectors in India Inc. A recent survey by Zinnov Management Consulting revealed key performance indicators of adoption of IT in the Banking, Financial…

In a recent survey by Financial Services giant Visa, Indians emerged as one of the least financially literate among 28 countries. Some of the reasons why Indians ranked low in this reports was the lack of household budgets, lack of money…

Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don't have any access to banking. Called Airtel Money Super Account powered by Axis…

Government of India yesterday released the amount of Foreign Direct Investment received by India in Financial Year 2011-12. In last 2 years, FDI had show significant drop as compared to 200-09 when flow of foreign money in India was at its…

Gartner today released report on the performance of top 5 Indian IT / software services companies. The top 5 registered a cumulative growth of 23.8 percent in FY 2011, as compared to a average growth of 7.7 percent by their global peers.…

Do you know how many Indians pay Taxes and how much? You would be surprised with some of the numbers. According to the report released by Indian Finance Ministry,  estimated number of taxpayers for financial year 2011-12 stands at just…

Finally after 2 years of continuous upward revisions RBI, in its annual monetary policy for 2012-13, slashed the policy interest rates by 50 basis points surprising analysts and markets. They were expecting a rate cut of 25 bps, but RBI…