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BusinessToday.In
New Delhi, July 12, 2018
The ministry has said the RBI will decide about the kind of data that will be stored in India and the six-month timeline. At present, only certain payment companies and their outsourcing partners store customer data, either partly or completely, in India.


BusinessToday.In
New Delhi, July 2, 2018
WhatsApp's new One-way Broadcasting feature has been rolled out to most devices. The new feature lets a group admin dictate what is posted in a group. As the feature's name suggests, it's a one-way flow of messages.


BusinessToday.In
New Delhi, June 29, 2018
OnePlus to develop the first 5G smartphoneThe next OnePlus device might very well be the first 5GB smartphone ever. Talking at Mobile World Congress in Shanghai, OnePlus chief Pete Lau said that the company is exploring its partnership with Qualcomm to develop one of the first 5G phones. The launch of the next OnePlus flagship, which is likely to be called OnePlus 7, will be in sync with the first yeatr of 5G in the US. OnePlus is also looking into carrier deals in the United States to expand its reach in one of the most important markets in the world.Redmi 6 Pro launched in ChinaXiaomi added the Redmi 6 Pro to its new generation of Redmi smartphones. The device was launched in China earlier this week. The redmi 6 Pro comes with the trusted Snapdragon 625, coupled with 3GB or 4GB of RAM. The three variants of the device get either 32GB or 64GB of internal storage, depending on their memory configuration. At the front is a 5.8-inch FullHD+ screen with a display cutout at top, the first in Redmi devices. At the back is the familiar Redmi design language with a dual camera setup featuring 12MP and 5MP sensors.Xiaomi sells a million units of Mi 8 series, Mi Band 3It was a week of milestones for Xiaomi. The Chinese tech giant sold a million units of its recently launched Mi 8 series in a span of 18 days. A million units of the Mi Band 3, which was launched alongside the Mi 8 series were sold in only 17 days. These sales figures pertain to the Chinese markets alone as the devices are yet to be launched in global markets.Apple starts assembling iPhone 6s in IndiaApple has reportedly started assembling iPhone 6s in India. The tech giant has collabrorated with its Taiwan-based manufacturer for this. The Taiwanese compnay has set up a production line for iPhone 6s in its Bengaluru facility. However, Apple is producing limited quantities of iPhone 6s in India, and will have to scale its operations if Indians are to get any price benefits.Apple-Samsung seven-year-long legal war comes to an endApple and Samsung buried the hatchet in a seven-year-long legal battle over patent infringement. However, both companies withheld the compensation amount that has been paid to Apple in this matter. Apple sued Samsung for the first time in 2011 over charges of copying design and utility patents of iPhone.Instagram brings own video call featureAfter introducing its TV feature last week, Instagram rolled out its own video call feature this week. The video call is available to all Instgram users, and they will only  have to update their apps to the latest verison. The video call option in available under the chat section of Instagram.WhatsApp Payments delayed due to lack of communicationThe launch of WhatsApp Payments has been delayed due to lack of communication betweenn the agencies. Reports suggest that the National Payments Corporation of India (NPCI) has failed to answer critcial questions about the UPI-based payments services asked by the Ministry of Electronics and Information Technology. WhatsApp Payments has been in Beta since February and is being tested by one million users.


BusinessToday.In
New Delhi, June 29, 2018
OnePlus to develop the first 5G smartphone; Redmi 6 Pro launched in China; Xiaomi sells a million units of Mi 8 series, Mi Band 3; Apple starts assembling iPhone 6s in India; Apple-Samsung seven-year-long legal war comes to an end; Instagram brings own video call feature and WhatsApp Payments delayed due to lack of communication. Watch more in this episode of Weekly Tech Wrap with Vivek Punj.


BusinessToday.In
New Delhi, June 29, 2018
WhatsApp is taking a big step forward by piloting their Payments feature in India. The feature has been in Beta since February and is being tested by around a million users across the country.


BusinessToday.In
New Delhi, June 25, 2018
WhatsApp gears up for launch of Payments service in India; Xiaomi launches Mi Pad 4 with 8-inch screen, Snapdragon 660 and Redmi 6 Pro comes with dual-lens camera, notch and new red colour. Watch this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
New Delhi, June 25, 2018
WhatsApp Payments service gets 24-hrs customer service supportWhatsApp Payments will soon reach customers and the company is gearing up for the launch with a 24-hour customer support for all users planning to use these services. The instant messaging application has been running the feature for over a million users in the Beta mode.The new customer service can be accessed by a toll-free number and even by e-mails. \"We will provide 24-hour customer support. Payments users can contact the support team via e-mail and a toll-free number (when the service is rolled out in India),\" a WhatsApp spokesperson told PTI.Xiaomi launches Mi Pad 4 with 8-inch screen, Snapdragon 660Xiaomi has launched its next generation Mi Pad 4 with a considerably powerful chipset. The new Mi Pad comes with an 8-inch screen which Xiaomi claims can be used with a single hand. The device comes in two variants, one WiFi-only and the other with both WiFi and LTE. It also comes with different storage and RAM variants.The 3GB RAM,32GB storage variant is priced at CNY 1,099 (roughly Rs 11,500). The 4GB RAM/64GB storage variant is priced at CNY 1,399(roughly Rs 14,600); both these variants are WiFi-only. The 4GB RAM, 64GB storage option will also come with LTE at a premium of CNY 1,499 (roughly Rs 15,600). The device will go on sale on June 29.Xiaomi Redmi 6 Pro revealed with notch and dual-lens cameraIt's no secret that Xiaomi will be launching the Redmi 6 Pro on June 25. The company officially put out teasers to confirm the same. However, what we didn't expect is the price and specifications being leaked completely just hours before the launch. The details have been leaked on the company's official site.The phone renders were leaked earlier and the real deal is no different. Xiaomi has made evolutionary changes in the design of the device. The notch is the biggest distraction here but that doesn't mean Xiaomi did away with all the bezels. The bezels are slimmer that ever but they still exist. The bottom bezel has a substantial thickness but does not have any buttons or fingerprint sensor to make use of it. The rear panel is similar to most current gen Xiaomi Redmi phones.The Redmi 6 Pro comes with prominent antenna lines and a vertically positioned dual camera setup on the left corner of the back panel.


BusinessToday.In
June 25, 2018
WhatsApp Payments will soon reach customers and the company is gearing up for the launch with a 24-hour customer support for all users planning to use these services.


BusinessToday.in
New Delhi, June 25, 2018
Maharashtra plastic ban to cost India Rs 15,000 crore, 3 lakh jobs, claims industry officialA day after the Maharashtra government enforced the ban on a variety of plastic items, the plastic manufacturing industry on Sunday said that the state-wide ban will result in loss of up to Rs 15,000 crore and nearly 3 lakh job. In a statement to PTI, Plastic Bags Manufacturers Association of India General Secretary Neemit Punamiya said that nearly 2,500 members of the association have been left with no option but to shut shop following the ban.  The prohibition extends to a wide variety of plastic items, including plastic carry bags, and even thermocol. The move is aimed at cutting down on pollution caused by discarded plastic items.Heads of 11 PSBs to appear before parliamentary panelHeads of 11 state-run banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into 'Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions'. Top officials of IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank, will make presentations before the panel and respond to queries on June 26.As trade war looms, China cuts some banks' reserve requirements to boost lendingChina's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States.But the 700 billion yuan ($107.65 billion) in liquidity that the central bank said will result from the reduction in reserves was bigger than expected.WhatsApp to offer 24-hr customer support for payments services in IndiaWhatsApp is working on setting up a 24-hour customer support for users of its payments services that is slated to be rolled out in India in the coming weeks. WhatsApp, which has over 200 million users in India, will provide support through e-mails as well as a toll-free number. The support will be available in English as well as three Indian languages - Hindi, Marathi and Gujarati. However, the official declined to comment on the launch dates and other details.E-commerce firms cash in on FIFA frenzy in IndiaIndians usually 'bleed blue' with cricket fever, but the ongoing FIFA World Cup has the nation donning yellow, green, red and white as Indian supporters cheer for their favourite teams in the team jerseys. Sale of team jerseys, as well as that of footballs and other gear, have seen strong growth on various e-commerce platforms in India over the last two weeks with Argentina, Germany and Brazil emerging as the top favourites. ShopClues said its platform has seen an average sale of around 4,000 footballs per day for the last 16 days. Interestingly, Snapdeal has also seen a spike in the sales of bean bags, recliners and home theatre systems, indicating that viewers are looking at cheering for their favourite team from the comforts of their homes. According to Flipkart VP (Fashion) Rishi Vasudev, about a third of its football-related merchandise is coming from women.


PTI
June 24, 2018
While WhatsApp is yet to announce the official date of launch of its UPI-based payments service, industry watchers expect an announcement to come in the next few weeks.


PTI
New Delhi, June 23, 2018
WhatsApp, which is testing its payments services in India, today said it is updating its terms of service and privacy policy to \"reflect the addition of payment interoperability features\" ahead of the full-fledged launch of the service.


BusinessToday.In
New Delhi, June 21, 2018
The case in question was being fought between SBI Cards & Payments Services Pvt Ltd and Rohidas Jadhav. Jadhav, who had pending credit card dues, was ordered in 2011 to repay the amount along with 8 per cent interest.


BusinessToday.in
New Delhi, June 18, 2018
WhatsApp Payments coming soonWhatsApp has been testing its Payments service extensively in India. The company has made special provisions with the Indian Government and various banks to make the transactions as seamless as possible. According to a report by PTI, around 1 million people are testing the new service in India. WhatsApp Payments has been in the testing phase for a few months now. The report suggests that the Payments service will begin in the next few weeks. \"Today, almost one million people are testing WhatsApp payments in India. The feedback has been very positive, and people enjoy the convenience of sending money as simple and securely as sending messages,\" a WhatsApp spokesperson told PTI. The spokesperson goes on to say that the company is working closely with the National Payments Corporation of India and multiple banks to increase the number of digital transactions in India.Oppo Realme 1 gets a new 4GB RAM 64GB storage variantOppo Realme 1 was launched last month. For a new sub-brand, the company made quite the entrance. The main reason behind that was the price to specifications ratio that the phone is offering. Now, the company has added to the variants by introducing a new 4GB RAM version of the phone. The new variant will go on its first sale in India today. The device is priced at Rs 10,990 and will feature 64GB of internal storage. The phone is exclusively available on Amazon India. Realme is also selling two other variants, one with 3GB RAM  and 32GB storage that is priced at Rs 8,990 and another with 6GB RAM and 128GB storage at Rs 13,990. All three variants are available in Silver, Diamond Black and Solar Red colours.Samsung foldable phone spotted, but after cancellationSamsung's foldable phone under project valley was spotted by folks at Slashleaks. The South Korean tech giant started working on the device back in 2015. The phone had specifications similar to the Galaxy S6. On the design front, it looked like two smartphones ploncked together, which are attached by a hinge. We expect Samsung to launch a more refined version of the device by the end of next year.


BusinessToday.in
New Delhi, June 18, 2018
WhatsApp Payments in final testing, expected to launch within few weeks; Oppo Realme 1 4GB RAM, 64GB storage variant is now on sale and Samsung's foldable phone under Project Valley spotted after cancellation. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
New Delhi, June 18, 2018
The company has made special provisions with the Indian Government and various banks to make the transactions as seamless as possible.


BusinessToday.In
New Delhi, June 18, 2018
Nirav Modi holds six Indian passports; agencies to file fresh FIRAbsconding jeweller Nirav Modi, wanted in the Rs 13,600 crore PNB fraud case, is reported to be in the possession of at least six Indian passports and the investigative agencies are likely to file a fresh FIR against him for this offence, senior officials confirmed. It is a criminal offence to possess more than one valid passport and also to use a revoked passport. Modi, who was earlier holed up in the UK, is now reported to have flown to Belgium, according to Indian intelligence agencies. His move to Belgium follows the pressure that India was building up on the Theresa May government to get him extradited. Challenge before government is to take growth rate to double digit: PM Modi at Niti AayogThe challenge before India is to take the economic growth rate to double-digits for which many more steps need to be taken, Prime Minister Narendra Modi told a meeting of chief ministers. Speaking at the Niti Aayog's fourth meeting of Governing Council, Modi stressed that the world expects India to become a USD 5 trillion economy soon. As many as 23 chief ministers and one Lt Governor attended the meeting. The notable absentees however were chief ministers of Odisha, Jammu and Kashmir and Delhi.Walmart deal will be cancerous to retail trade, says CAIT  The Walmart-Flipkart deal will be cancerous for the Indian retail industry, the Confederation of All India Traders (CAIT) has said in a letter to Finance Minister Piyush Goel. CAIT said today that its letter has also drawn the attention of Goel towards the inaction of the Commerce Ministry for not taking any steps so far in connection with Walmart Flipkart deal, despite sending communication to the trade minister. The trade body also apprehended that if no action is taken, other foreign e-Commerce majors like Amazon and Alibaba will also engage companies like Flipkart and the result would be consolidation of retail trade in very few hands which will be detrimental to offline retailers. The e-Commerce spectrum will also be vitiated to a great extent, it added.Trump favors long strike in Washington Post  US President Donald Trump has supported a proposed strike by The Washington Post workers demanding an increase in their salaries and other benefits, saying a really long strike would be a great idea. The President has been at loggerheads with several US mainstream media outlets, including the CNN, ABC News, The New York Times and the Washington Post. He has quite often described these popular media houses as \"fake media\".More than 400 employees of the Post have written to Amazon head Jeff Bezos seeking an increase in their salaries. Bezos owns the leading US daily.Almost 1 mn people 'testing' WhatsApp payments service in India  Almost one million people in India are \"testing\" WhatsApp's payments service, and the company is working with the Indian government, NPCI and multiple banks to further expand the feature to more users, a company official said. WhatsApp payment service, which rivals the likes of Paytm, has been in beta testing over the last few months. The Facebook-owned company hasn't yet announced a launch date but industry watchers expect it to happen in the next few weeks. WhatsApp had received permission from NPCI to tie up with banks to facilitate financial transactions via Unified Payments Interface (UPI). The Reserve Bank of India has mandated all payment system operators to ensure that data related to payments is stored only in India giving firms six months to comply with it.Excise duty cut in oil to impact India's fiscal deficit badly: Moody'sRating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure. Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market. According to government estimates, every rupee cut in excise duty on petrol and diesel will result in a revenue loss of about Rs 13,000 crore.


PTI
June 10, 2018



BusinessToday.In
New Delhi, May 31, 2018
the Facebook-owned company could roll out its payment service on WhatsApp as early as next week, for which it has partnered with top three private banks in India -- HDFC Bank, ICICI Bank and Axis Bank. The country's largest bank State Bank of India would also join in once all \"necessary systems\" would be in place.


BusinessToday.in
New Delhi, May 7, 2018
Instagram Payments rolled out to few users in US and UKInstagram might soon enable purchases from within the application. Their parent company, Facebook is consistently incorporating payment and advertising methods in their products to build an ideal platform to reach consumers; Instagram has taken the next step in this direction. According to a report from TechCrunch, Instagram has added a native payments feature within its application. Using this feature, an Instagram subscriber can pay for various services/products from within the application. For now, the feature is only available to select users in US and UK and only a few partners can access it.Advertisements on WhatsAppFacebook's other properties, like WhatsApp, have also enabled peer to peer transactions. WhatsApp's co-founder Jan Koum quit his position after what seemed to be an ideological conflict between the parent company Facebook and WhatsApp. With WhatsApp losing its advocate for bloat-free and advertisement-free user experience, the company is expected to introduce advertisements on the platform. The app boasts around 2 billion active users across the globe. Since Facebook acquired WhatsApp for a whopping $19 billion in 2014, it was unclear how the company planned to recover the massive investment. Facebook vice president of messaging products, David Marcus told CNBC on Tuesday that the company was more open to advertisements with WhatsApp.Flipkart Announces Big Shopping Day SaleFlipkart announced that Big Shopping Days sale will begin on May 13 and will go on till May 16. The four-day Flipkart sale will offer huge discounts on smartphones, tablets, laptops and other gadgets along with clothing, accessories, home decor etc. Flipkart has shared various price cuts and discounts with the highlight being the Google Pixel 2 and Google Pixel 2 XL. These will see massive price drops of up to Rs 15,000.Microsoft Build 2018 to begin on May 7Microsoft Build 2018, a developer conference arranged by Microsoft will begin on May 7. The company will be focusing on cloud computing, artificial intelligence and mixed reality. Microsoft Build is followed by Facebook's F8 Developer Conference.


BusinessToday.in
New Delhi, May 7, 2018
Instagram has launched payments option within their application; WhatsApp expected to get advertisements after departure of Jan Koum; Flipkart to conduct Big Shopping Days sale from May 13 to May 16 and Microsoft Build 2018 to begin on May 7. Watch BusinessToday.In Daily Tech Wrap with Danny D'Cruze.


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