India’s Cabinet said it did not accept the proposed telecom financial relief measures

India’s federal cabinet did not accept proposals on Wednesday to provide financial relief to the country’s telecommunications sector, which is struggling with cash, a government source said. The cabinet was expected to make a decision on the so-called aid package for the telecommunications industry, which would have helped all wireless operators, but especially the battered … Read more

JioPhone Next can spark a worldwide credit revolution with its low price

A smartphone believed to be priced below $50 (about Rs. 3,650), probably the cheapest in the world, will go on sale within a week. If Mukesh Ambani’s JioPhone Next, an Android device customized for India by Alphabet’s Google, is a hit in the price-conscious market, it will solve one problem for banks while presenting another. … Read more