Finance

India mobile sector to create USD217 bn value by 2020

October 4, 2017
India mobile sector to create USD217 bn value by 2020

Indian mobile industry is expected to create economic value of about USD 217 billion and create 5 million jobs by 2020, telecom minister Manoj Sinha said, reported PTI. “The Indian mobile industry is expected to create a total economic value of Rs 14 trillion, about USD 217.37 billion, by the year 2020. It would generate […]

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Access Softek mobile banking platform integrates Ondot card control

October 3, 2017
Access Softek mobile banking platform integrates Ondot card control

Ondot Systems, the leading provider of mobile-based card services platforms, has integrated its solution with Access Softek to deliver a unified mobile banking and card control experience to financial institutions. Ondot’s and Access Softek’s mobile banking and card services platform provides users with a unified application that can control all card settings with just a […]

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Ondot Systems: Fortifying a House of Cards

October 3, 2017
Ondot Systems: Fortifying a House of Cards

Banks and credit unions in the USA are finding new ways to empower their cardholders with proactive control and instant visibility over their transactions. Greater customer engagement and confidence in card security is driving card usage while lowering fraud costs. It also has positive implications for legislative compliance, according to Ondot Systems Inc. Two cars […]

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Indian telecom market likely to cross Rs 6.6-trillion revenue by 2020

August 29, 2017
Indian telecom market likely to cross Rs 6.6-trillion revenue by 2020

Indian telecom industry has seen a paradigm shift from a voice centric market to a data-centric market and it is expected to cross Rs 6.6 trillion revenue mark by 2020, IANS reports quoting Communications Minister Manoj Sinha. The report quoting him as saying that while voice business still contributes a large chunk towards operator revenues, […]

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Telecom Woes Do Not Pose Systemic Risk to Indian Banks

June 11, 2017
Telecom Woes Do Not Pose Systemic Risk to Indian Banks

Indian banks’ exposure to troubled telecom companies is not large enough to pose a systemic threat, but defaults could add to problems at banks with weak balance sheets, says Fitch Ratings. The banking sector is already struggling with significant asset quality issues and is likely to require hefty capital injections from the government over the […]

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Telecom Industry to Consolidate amid Hypercompetition in FY18

June 11, 2017
Telecom Industry to Consolidate amid Hypercompetition in FY18

India Ratings and Research (Ind-Ra) has revised its outlook on the telecommunications services sector for FY18 to negative from stable-to-negative. The negative outlook reflects Ind-Ra’s expectation of longer and deeper than expected deterioration in the credit profile of telcos following the extended free services by Reliance Jio Infocomm (RJio – ‘IND AAA’/Stable). A redistribution of […]

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Jio effect? Telecom industry is at its weakest

June 11, 2017
Jio effect? Telecom industry is at its weakest

The Indian Telecom sector has been under pressure for the last 8 years because of rising competitive and capex intensity. During this period the contribution of telecom services to GDP has declined from 2% of GDP in FY09 to just 1.2% in FY17.

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Telecom industry’s debt at unsustainable level: SBI

June 11, 2017
Telecom industry’s debt at unsustainable level: SBI

The country’s largest bank SBI has sounded alarm bells over troubles of the telecom industry with its chairperson Arundhati Bhattacharya writing to the government regarding “highly unsustainable levels” of debt of mobile companies. Telecom industry’s debt to the banking sector is estimated at Rs 4 lakh crore.

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Internet of Things is Blowing up Everything?

September 26, 2016
Internet of Things is Blowing up Everything?

“Let’s Redefine the Internet of Things: IoT Means Internet of Profits!” That’s the catchy name for the debate panel chaired by Tam Dell’Oro, Founder and President of the Dell’Oro Group. Her panel was Milind Pansare of Aerohive; Tom Ramar of H3 Dynamics; and Will Wise of the IoT Institute. Tradition service-provider and carrier businesses are […]

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