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Online banking to kill physical banks in 5-6 years: Amitabh Kant

Online banking to kill physical banks in 5-6 years: Amitabh Kant

Low cost Internet based transactions and business efficiency due to technology advancements are expected to kill physical banks in next 5-6 years, NITI Aayog CEO Amitabh Kant said on Thursday.

'Mobile internet users grow faster in rural India'

Rural India is growing at a much higher rate -- around 26 percent -- as compared to the urban areas in terms of mobile internet users, a joint study said on Tuesday.

Maharashtra tops Internet readiness index: Report

Maharashtra tops Internet readiness index: Report

The report, Index of Internet Readiness of Indian States’, was published by the Internet and Mobile Association of India (IAMAI) and Indicus Analytics.

Global mobile Internet userbase to touch 2 bn in 2016: IDC

Global mobile Internet userbase to touch 2 bn in 2016: IDC

Efforts by Google, SpaceX, and Facebook among others to make the Internet available to the remaining 4 billion people via high altitude planes, balloons, and satellites are underway.

Differential pricing violates net neutrality: IAMAI

Differential pricing violates net neutrality: IAMAI

The Internet and Mobile Association of India (IAMAI) on Wednesday said the differential pricing violates principles of net neutrality.

Facebook ready for Free Basics scrutiny, open for Twitter, Google

Facebook ready for Free Basics scrutiny, open for Twitter, Google

Countering allegations of gatekeeping in website selection on its free internet platform Free Basics, Facebook today said it is open to the scrutiny of the process by any third party agency like IAMAI or Nasscom.

India to have 402 million Internet users by December-end: IAMAI

India to have 402 million Internet users by December-end: IAMAI

The number of Internet users in India is expected to reach 402 million by December 2015, registering a growth of 49 per cent over last year, says a report by industry body IAMAI.

India Internet user base crosses 350-mn milestone in June: IAMAI

The number of Internet users has grown over 26 per cent from 278 million in October 2014. The number of mobile Internet users has also grown about 40 per cent from 159 million users in October last year.

E-commerce market growing rapidly in India: Report

The decade-old IAMAI represents digital businesses across the country and address challenges facing the industry, including mobile content and services.

IT sector-like tax holidays to help digital cos grow: IAMAI

Incentive in the form of tax holiday would help the industry achieve its full potential by facilitating expansion, employment generation and entrepreneurship, he added.

India is one of our fastest growing market: Twitter

The US-based social networking platform said it will be investing more in India, which industry body IAMAI has predicted will surpass the US by December this year in terms of Internet users.

Faster broadband,easier payment norms to boost e-retail growth

IAMAI, which recently led a delegation of Indian tech and Internet firms to China, said these steps can help improve customer experience and provide a fillip to the USD 3 billion Indian e-commerce sector.

New govt should remove obstacles for Internet growth: IAMAI

Industry body IAMAI wants the new government to ensure that Internet growh in India is not hampered by rules that give room for intermediaries, including telcos, Internet and web-hosting service providers and search engines, to be harassed.

Online retail at $12.6 bn in 2013, up 33%: IAMAI

The industry body said in a release that it expects online retail to grow further as policy and FDI issues are addressed and delivery logistics improve.

'Internet users in India to reach 24.3 cr by 2014'

The number of Internet users in India is expected to rise 18.53 percent in the coming eight months to reach 24.3 crore by June 2014, on the back of higher adoption of mobiles as a means to access the Internet, a report on Wednesday said.

IAMAI, Facebook partner to educate children on Internet safety

The programme will train children, teachers and parents on how to reap maximum benefits from internet while not compromising on their safety and security, IAMAI and Facebook said in a joint statement today.