Airtel's proposed tie-up with Kotak is the first formal partnership announced by an existing lender and a non-bank entity aspiring to get into the payment bank space.

Mutual funds are coming out with schemes based on government's push to manufacturing sector.

The trouble is that debt has kept pace with growth. The combined debt of the group's three listed companies - Jaiprakash Associates, Jaiprakash Power Ventures, and Jaypee Infratech - crossed Rs 57,000 crore in 2013/14.

What will be noticed, used and appreciated by this generation are applications like MobileOne launched by the Karnataka government that promises to place governance at the fingertips of citizens.

There was some bad news too. However, the high for the telecom industry was the growing demand for data services and smartphones.

Payment solutions providers Itzcash and Oxigen, business correspondent company Fino have expressed interest in payments bank licence while Muthoot Finance and Shriram Capital may apply for small finance banking licence.

Large state-run entities and business houses will not be allowed to set up small finance banks, which will have to comply with statutory reserve requirements.

Kumar Mangalam Birla wanted Idea Cellular to be among the top three mobile operators in India. Himanshu Kapania made that happen.

Under Anand Mahindra's leadership, M&M is scaling up its existing businesses and also betting big on new ones.

The government has said that any company incorporated in India may be allowed to mine coal for their own consumption or sale, overturning a 42-year-old ban.

Radio City CEO Apurva Purohit speaks with Business Today about the FM radio company's expansion plans in the upcoming Phase III radio license bidding.

The norms will allow micro finance institutions, telecom players, non-banking finance companies (NBFCs) and public sector companies eligible to apply for bank licences.

The new players will have to take banking solutions to the doorsteps of rural folks using technologies that can process transactions instantly. But why would a customer go to payment banks when post offices exist in every nook and corner of the country?

It is important that a few pressing issues in key sectors are addressed on a priority basis by the government, so that the investment and consumption sentiment in the country is boosted and economic growth can be revived.

In its manifesto, the BJP has said it plans to create 250 million jobs over the next 10 years. However, it will face roadblocks in the form of outdated rules and regulations, especially for small and medium enterprises and the unorganised sector.

Banks have mandatory obligations - there is priority-sector lending, there is the requirement of rural branches, there is statutory liquidity ratio and cash reserve ratio to be maintained which basically means leaving assets idle.

Vodafone and Bharti Airtel also bought spectrum afresh for continuing their services in respective circles as their 20-year licence period will expire in November.

A day after the Election Commission permitted it to go ahead with the issue of new banking licences, the Reserve Bank of India gave in-principle approval to infrastructure finance company IDFC and Kolkata-based microfinance firm Bandhan to comply with the requirements of a fledged bank in 18 months.

Sharad Sharma, Co-founder, iSpirt says Indian software products industry is producing one Biocon sized company every year!

The resignation is believed to have been submitted a few weeks ago, the people said, asking not to be identified. The reason for the resignation is not immediately known.