Most of Hotstar's revenue comes from advertising and to get robust subscription (which is a more sustainable model) revenue, it surely needs to focus on original content.

Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...

The company will sell life, health and general insurance in India where the insurance sector is booming. Its rivals Paytm and Flipkart are already working towards making their presence stronger in the insurance space.

Though talks are at an initial stage right now, the deal could give Flipkart a major push in its plans to provide attract more internet consumers on its platform.

As global tech giants slug it out to take a bigger piece of India's booming digital payments pie, Facebook-owned messaging service is reportedly scouting for talent to lead its payments team.

The RBI had earlier directed all payment services companies to store data in India by mid-October.

Though Vivo's net losses have decreased in the past two years, its overall revenue has doubled. The company posted a net loss of Rs 113.96 crore in 2016-17 and Rs 120.45 crore in 2017-18 but its revenues rose to Rs 11,179.3 crore in FY 18 from Rs 6292.96 crore the year before.

This development comes at a time when WhatApp Payments and Amazon's plans to launch its own UPI payment service in the country have run into regulatory trouble.

Global factors behind rupee fall, no need for knee-jerk reaction: Jaitley; Jan Dhan Yojana: Govt doubles up overdraft facility from Rs 5,000 to Rs 10,000; Bharti Infratel to take annual hit of Rs 780 cr from Vodafone Idea exit; Jeff Bezos becomes richest person on the planet as Amazon becomes $1 trillion company; and Delhi might get a new fuel variant cleaner than CNG. Watch this episode of Business Wrap.

The 170,000 sq mt facility in Singapore is expected to be operational in 2022.

The device is available for pre-order on Flipkart and Amazon India and will go on sale for the first time on September 12 via online and offline channels.

Global factors behind rupee fall, no need for knee-jerk reaction: JaitleyFinance Minister Arun Jaitley yesterday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He said the Reserve Bank is doing whatever is necessary to deal with the situation.The battered rupee has lost 165 paise in the last six trading sessions. Jaitley further said the dollar has strengthened against almost every other currency and added that the rupee...

Comprising Redmi 6A, Redmi 6 and Redmi 6 Pro, the new smartphones will be available on Xiaomi's website and Amazon India.

Ten years ago, Leica was an unknown brand in China but today we have a sizable business generating a reasonable profit. We see that happening in India, says Sunil Kaul, Managing Director, Leica Asia-Pacific.

The new Redmi 6 series will be replacing the popular 5-series that started with the Redmi 5A and went all the way up to Redmi Note 5 Pro, which created quite the impact on the mid-range segment.

None of India's other leading e-commerce portals - Flipkart, Snapdeal or Paytm Mall - currently have a local language version of their apps or websites.

ICICI Bank votes for Chanda Kochhar's reappointment to board; Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBI; Vodafone and Idea get ready to become Vodafone Idea; and after Future Retail and More, Amazon adds Spencer's to cart. Watch more in this episode of Business Wrap.

Paytm Mall already has a revenue partnership with Future Retail, which operates hypermarket chain Big Bazaar and other fashion outlets.

Rupee plunges to record low of 71 against US dollarThe Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices, news agency PTI has reported.Rupee is worst performing currency in Asia on year-to-date basis. Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBIPrivate sector lender Yes Bank today said it has received RBI's approval for the ...

Last year, Amazon was granted permission by the Indian government to invest $500 million in a wholly-owned venture to sell local produces and packaged food items through online and offline mediums.