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    Can India become a 1GB society? Himanshu Kapania, MD, Idea Cellular

    India can become a 1 GB society -where every data connection has a minimum speed of 1 Gbps -but high prices of spectrum make it difficult to achieve, said Idea Cellular managing director Himanshu Kapania. “Technologically , it’s possible for us to be on par with the world (broadband speeds) as the materials required for a…

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    4G Smartphones are Driving Internet in India – Google

    4G smartphones accounted for surging high speed data traffic in India, Google said in a report. With the deployment of 4G services, people searching for 4G smartphones grew 200% in 2015. On the other hand 3G smartphones dropped by 35% in last year. The report also gave industry data pointing to 4G ready phones constituting a…

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    Chinese Smartphone Makers Gaining Market Share in India

    Chinese smartphone makers like Vivo, OPPO, Gionee, LeEco and Lenovo are gaining market share over players like Apple, Samsung and LG. Market share for chinese brands soar to 22% by the end of Dec-2015, upfrom the 12% share early in 2015. And non-Indian, non-Chinese brands, Apple, Samsung among them, saw their market share drop steeply from 44% to 37% in the…

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    RBI to Boost Cashless Transactions

    Reserve Bank of India is taking necessary steps to boost cashless transactions, it is set to issue a direction to banks or improving the acceptance infrastructure. RBI will pass regulation in rationalizing the merchant discount rate – the charges imposed by card companies on retailers. Boost to cashless transactions: “Under the Payments and Settlement Systems Act…

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    India’s Online Furniture Start-up Losses Soar

    Online furniture store Pepperfry is soaring in its losses, company witnessed a 3 fold loss of INR 8.8 billion in 2014-15 compared to previovs fiscal. Pepperfry saw its expenditure going up from Rs 37 crore in 2013-14 to Rs 114 crore in the following year. Its founder and CEO Ambareesh Murty expects profits in next 12-18 months….

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    How Payments in India will Transition to Digital

    The Cabinet has approved to remove service charge, user charge and convenience fee paid for online and card payments, the move to remove service charge is to encourage people to use digital transactions. Digital payments will be instrumental in reducing tax avoidance, migration of government payments and collections to a cashless mode. To give a perspective, 569…

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    Kotak Mahindra Acquires Stake in Airtel M Commerce

    Kotak Mahindra has acquired 19.9% stake in Airtel M Commmerce Services for INR 9.8 billion to setup payment bank. A payments bank can accept deposits, both savings and current, up to a maximum of Rs.10,000 initially, with the stated primary role of extending payments and remittance services to small businesses and low-income households. Read more  

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    Facebook Launches Open Source Platform TIP

    Facebook starts “Telco Infra Project”, an open source initiative to create hardware and software platform for telecommunication industry. The objective of this initiative is to produce simple, efficient, and flexible technologies to develop future networks. TIP will work in three focus areas: access, backhaul, and core and management. “One of the great things that happens in OCP is…

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    Ringing Bell Freedom 251 Impossible Pricing and Speculations

    Ringing Bells’ Freedom 251, claims to have received order of 2.5 mn handsets in a two day sale, the company received around 70 mn registrations in two days. Regarding ultra low price and income margins Ashok Chadha, president of Ringing Bell says,”Economies of scale gets it down to around Rs 1,200, and thereafter an online sales model cuts…

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