Paytm takes on Google Play Store, launches its own mini-app store : Bulletin: Business Today
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Paytm takes on Google Play Store, launches its own mini-app store

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Vivek Punj | October 6, 2020

GST compensation row unresolved; Council to meet again on October 12

The contentious issue of borrowing for plugging states' compensation gap could not be resolved at the 42nd GST Council meeting. The states have been given a week's time to arrive at a conclusion. The Council will now meet again on October 12 to take a final call on the matter.

TCS becomes second Indian firm to cross Rs 10 lakh-crore market cap

Tata Consultancy Services on Monday became the second Indian firm after Reliance Industries to scale a market cap of more than Rs 10 lakh crore. Market cap of IT bellwether on Monday stood at Rs 10.15 lakh crore. The development came after TCS shares hit a fresh all-time high earlier in the day after the firm said its board would consider a share buyback in a meeting to be held on October 7.

RBI eyes major to rescue Lakshmi Vilas Bank

The merger between Clix Group and Lakshmi Vilas Bank is on the table but the Reserve Bank of India wants to be sure about the large fund infusion that the bank needs to come back on its feet. While the 94-year old private sector bank has a balance sheet of only Rs 25,000 crore, it needs immediate infusion of capital. Experts believe there could be some interest from private sector banks as Lakshmi Vilas Bank has a good network of branches in the South.

Paytm takes on Google Play Store, launches its own mini-app store

Digital payments giant Paytm has launched its own mini app store which will allow Indian app developers to take their applications to the populace. This is seen as the digital payment provider's latest move to counter Google's monopoly in the app store space. Mini apps are custom-built mobile websites that offer app-like experience without having to download them, thus saving data and memory.

London public transport watchdog bans Ola citing 'public safety' risks

London's public transport authority stripped Indian ride-hailing company Ola of its London operating licence. It stated that it "cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety". Bengaluru-based Ola had entered the London taxi market in February this year.

MG Motor launches personalised car ownership programme 'My MG Shield' for Gloster

MG Motor India has introduced personalised car ownership programme for its SUV, Gloster. According to MG Motor, it is India's first personalised car ownership programme, which will provide flexible after-sales needs based on the ownership period, kilometers covered and other preferences. In another first, Gloster customers would be extended Rs 50,000 to customise their preferences.

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