VARINDIA IT MAGAZINE

Reserve Bank of India (RBI) has mandated e-commerce firms to clear seller payments within two days from the date of intimation of the completion of transaction. In response to a news portal, RBI’s makes it clear that the completion of transaction here means the act of making the payment, to which presently, the majority of e-commerce companies take a week to 15 days to settle payments to sellers. It is reported that the online marketplaces have been ordered to follow the 2009 guidelines pertaining to the settlement of payments for electronic transactions involving .... Read More

eMudhra has launched an R&D center in blockchain-related technologies to further enhance Blockchain-based systems for Smart Cities. According to the company, a Blockchain fundamentally deals with secure transactions using cryptographic keys and this development is in line with the company’s mission to develop cutting-edge technology that brings smarter governance for smart cities. The company also plans to introduce solutions that will help various industries which require identity verification and authentication in conducting transactions across smart cities. eMudhra will also hire about 100 people to help accelerate efforts to bring about blockchain- related solutions through its R&D center.... Read More

Major telecom operators like Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio have started preparations to bring in the latest “massive MIMO” technology into their respective networks. The massive MIMO technology is considering as a key factor in enabling 5G technology which is expected to be rolled out by 2020. According to the latest reports, brands like Bharti Airtel has already started the first round of deployment in Bangalore and Kolkata with ZTE (Chinese gear Vendor) and will soon expand to other parts too. While, the brands such as Reliance Jio and Vodafone too carried out trials of massive MIMO technology with ZTE recently.... Read More

Tata Teleservices that will shut its operations soon is preparing an exit plan for most of its 5,000-odd employees, which includes a notice of three to six months, severance packages for those willing to leave earlier, a voluntary retirement scheme (VRS) for elders, while transferring only a small part of its employees to other group companies. Company executives and industry insiders said the debt-laden telecom company had last month asked circle heads to leave by March 31, 2018.  "The Tata Group has always taken care of its people, but very few will get absorbed in other group companies. It is unfair to saddle other Tata companies with employees of TTSL," said a senior official. The transfer may only happen if there’s a niche set of skills needed in other firms that may match with those of employees in the telecom unit. There may be voluntary retirement schemes for the senior employees - above a particular age - that will be rolled out in the next few months. For ma

TCL Alcatel has made the purchase of its products even sweeter for its valued customers. The company has entered into an agreement with Reliance Jio and following this association the TCL Alcatel customers will benefit with upto 20 GB additional Jio 4G data.  Speaking at the association Praveen Valecha, Regional Director, TCL Alcatel India remarked, “The Indian consumer is very conscious when it comes to the value proposition of the products they purchase. Our vision is to provide premium experience of smart devices at an affordable price. Our association with Jio is the result of our constant pursuit to provide the additional benefit to our customers” Read More