Tag Archives: Hike

Hike Messenger, Airtel Payments Bank Collaborate on Digital Wallet

Screenshot from the Hike Wallet App Indian instant messaging application Hike on Wednesday partnered with Airtel Payments Bank to power its digital payment wallet. “We’re on track of over five million transactions this month (November) from services such as recharge and P2P. “We’re excited and we look forward to working with Airtel on supporting this effort to bring more Indians online and enable easy ... Read More »

Budget 2017: Mobile Phones Prices Likely to See 1-2 Percent Hike, Says Counterpoint

With the Union Budget 2017-18, Finance Minister Arun Jaitley levied a 2 percent Special Additional Duty (SAD) on imported populated PCBs for use in the manufacturing of mobile phones. The new customs duty is likely to affect the pricing of the ‘Make in India’ mobile phones considering price of the PCBs make up a significant part of a phone’s cost. ... Read More »

Budget 2017: ‘Made in India’ Mobile Phones Likely to See Price Hike

Finance Minister Arun Jaitley on Wednesday presented the Union Budget 2017-18 with some changes in customs duties to “provide adequate protection to [the] domestic industry.” The government has imposed Special Additional Duty (SAD) on populated printed circuit boards (PCBs) for use in the manufacturing of mobile phones. The Budget 2017 has levied a 2 percent Special Additional Duty (SAD) on ... Read More »

Mercedes-Benz To Hike Car Prices In India By Up To 2% Across Model Range

Joining the list of carmaker’s who have announced price revisions this month Mercedes-Benz India has announced its plan to increase car prices in the country by up to 2 per cent, varying across the model range. The price hike will be for the carmaker’s entire model range and will be effective from 1st of January 2017. In a statement released ... Read More »

No Proposal To Hike EPFO Investment In ETFs: Bandaru Dattatreya

New Delhi: Retirement fund body EPFO is not considering any proposal to increase investments in Exchange Trade Funds (ETFs), Parliament was informed on Monday. “The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) has approved investment of only 5 per cent in ETFs. At present, there is no proposal under consideration of the government to enhance this limit,” Labour ... Read More »

Snapdeal to Hike Salaries by 20 Percent for Top Performers

E-commerce major Snapdeal will roll out annual salary hikes of 20 percent and above for its top performers as part of its efforts to become a “meritocracy-led” organisation. The increase, effective from April 1, will also include ESOPs for the top performers. “We have moved onto a trimester-based performance review. We want to be a meritocracy-led organisation and we want ... Read More »

Flipkart, Hike Messenger Cross 50 Million Downloads on Google Play

Flipkart announced on Friday that it has become the first Indian app to cross the 50 million installs landmark on Google Play, adding that it achieved the milestone on the first week of February 2016. The claim was verified by statistics presented on Google Play, which counts over 50 million installs of the Flipkart app. Other e-commerce players like Amazon ... Read More »

Government Planning Hike in FDI for PSU Banks: Report

New Delhi: The government is planning to increase the foreign investment limit in public sector banks to 49 per cent from 20 per cent with a view to attract overseas inflows. The Finance Ministry is looking into the proposal, sources said adding it may be announced in the forthcoming Budget 2016-17. If the government accepts this proposal, it would lead ... Read More »