“We intend to approach RBI once this current thing (merger) is over. We do aspire to become a bank,” LV Sastry, business head for Aircel’s mobile banking and commerce business, told ET.
The app is holding talks with an Indian bank to support the back end of the payments service, one of the people quoted above said. Hike Messenger declined comment.
ASPs rose by as much as 20 per cent to cross Rs 10,000 for the first time ever in 2017, we will continue to see growth in the mid-premium segment," Sen said.
Imposition of higher custom duty can only be beneficial if the government decides to raise it significantly higher.
Justice Singh had, in fact, served as the chief justice of Allahabad High Court before he became a judge in the apex court.
Industry associations seeking urgent meetings with govt, which has been promoting Make in India based on duty differential benefits, to resolve this issue.
"We were quite impressed with the decision of Trai last year to ban Free Basics services and we wanted an exchange to understand if we have the same mindset," said Soriano.
The ICA said in its letter to Trai that the provisions for mandatory GPS capability on mobile handsets were included by the DoT based on the regulator’s recommendations.
30 million phones were shipped in Q4 as note ban effects wane; Samsung leads, Vivo top 2, Apple top in premium segment, said Counterpoint report.
Samsung said the new phone will feature fingerprint, iris & facial recognition tech. S8 will have a 5.8 inches display, while S8 Plus will feature 6.2" screen.
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