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Digital wallet owner MobiKwik claims it is confident of closing the gap with segment leader Paytm in user base fairly soon. However, with Paytm's 280 million users, MobiKwik has to more than double its own, from the current 100 mn."In the past three months, we have struck a few strategic partnerships -- with BSNL, IndusInd Bank, IDFC Bank and Bajaj Finance -- and are using their customer base to grow. The gap (with Paytm) is definitely narrowing. I believe we are neck to neck in merchant acceptance across cities," said Upasana Taku, co-founder and director at MobiKwik. Last November's demonetisation helped MobiKwik double its user base to 65 mn users this year. Another 35 mn came through the partnerships mentioned earlier. Taku said BSNL (the government's telecom arm) alone has close to 100 mn subscribers. "They didn't have a wallet of their own. They have launched a MobiKwik-BSNL co-branded wallet to their customers, that can be used for payment to BSNL and at MobiKwik's two million .
SAIL and ArcelorMittal had entered into an MoU in May 2015 to explore the possibility of setting up an auto-grade steel manufacturing facility under a joint venture in India
Over 3,000 current and former employees of Flipkart, Myntra, Jabong and PhonePe participated in it
BS ReporterHyderabad, 13 December: Indian cab hailing company Ola has announced a strategic partnership with L&T(Hyderabad) Metro Rail Limited to provide its integrated service, including Ola Money, to the metro rail passengers.The partnership will also enable on-ground integration as commuters will be able to book a cab with the assistance of Ola representatives stationed at Ola Kiosks within the station premises."The Hyderabad Metro project will add muscle to the city's transportation infrastructure and we are proud to lend our support by integrating our various services on-line as well as on-ground. Over the last year, we have been integrating our smart mobility solutions with public utilities like railway stations, airports and metro stations,"Ola director(alliances) Saurabh Mishra said.Ola has recently partnered with Rapid Metro Gurgaon, Bangalore Metro Rail Corporation Limited to equip key metro stations with dedicated Ola Kiosks. Earlier this year, Ola announced a similar ..
One agreement was also signed with drilling and oil service company Schlumberger worth 6 billion riyals
Shares of the company were trading 4.87 per cent up at Rs 18.30 on BSE
The average investment will be around Rs 3.5 crore per screen
Coal offtake by Mahanadi Coalfields Ltd (MCL), a Coal India Ltd (CIL) subsidiary, has fallen short of the target by five per cent during April-November of this fiscal. MCL is amongst the three CIL subsidiaries where coal offtake failed to meet the targeted figure.Overall coal despatches by CIL at the end of November though grew eight per cent. MCL is the second largest subsidiary of CIL by coal production volume after South Eastern Coalfields (SECL).For Bharat Coking Coal Ltd (BCCL), the offtake declined by 5.9 per cent. In case of Eastern Coalfields Ltd (ECL), the despatch was down 7.1 per cent.Apart from SECL whose despatches improved by 13 per cent, other subsidiary companies - Western Coalfields Ltd (WCL), Central Coalfields Ltd (CCL) and Northern Coalfields Ltd (NCL) recorded 32.3 per cent, 19.7 per cent and 18.9 per cent respectively.Total coal despatch by CIL in April-November stood at 367.98 million tonnes, marking a growth of 8.1 per cent, according to the company's filing ...
In February this year, the apex court ordered all companies to immediately constitute in-house expert bodies to identify and block keywords indicative of sex determination
The bond is priced at 115 basis points over three years US Treasury and is for refinancing the existing ECB
The report shows that in the last two years, there has been a 2.5-time increase in consumers who are taking only two months to buy a four-wheeler.
The Supreme Court today stayed the order of National CompanyLaw Tribunal (NCLT) ordering the supersession of the board of realty major Unitech.The move, which came after the Attorney General's admission that the governmentpetition to NCLT was a mistake, triggered a crash of Unitech shares. The shareswhich opened around Rs 7.5 levels, slipped by upto14 per cent to Rs 6.61 by noon after thestay on government move became public. The stay puts the focus back on the recovery effortsinitiated by the Supreme Court. Promoters Sanjay and Ajay Chandra, who are injudicial custody have been allowed special facilities to negotiate sale of thegroup's unencumbered assets to raise Rs 750 crore by the end of December. Over 4700 homebuyers have submitted their claims for refundthrough the portal created by the Supreme Court, running up dues of over Rs 1,800crore. For family members of Chandras, who were seen anxiously discussingthe details with lawyers, the wait is not over. Though the next hearing of .
The company was founded by G. R. Gopinath in 2003 and was later merged with Kingfisher Airlines in 2008. However, due to financial constraints, the services were grounded in 2012
Unitech had challenged the government takeover of the board
The fresh round of funding will bolster product innovation, expansion to newer states like Andhra Pradesh and Telangana and deepen Veritas' presence in existing states and union territories.
The NCLT's principal bench, by its December 8 order, had suspended eight directors of the Unitech.
JSW Steel is learnt to have submitted its resolution plan along with AION Capital
Jindal has questioned why the promoters of stressed assets were allowed to participate in the debt restructuring process
Bharti Telemedia is among the largest in the over 65-million direct-to-home (DTH) paid subscriber market in the country
Jio is targeting to improve its financial performance before any share sale, the people said, asking not to be identified