GK & Current Affairs!

CURRENT AFFAIRS - BUSINESS & ECONOMY Paytm, The first e-commerce company to become ASCI member | 31-Mar-2017 15:34

               The country’s fast-growing e-commerce industry Paytm is all set to become a member of the self-regulatory voluntary organization Advertising Standards Council of India (ASCI) from April, 2017. The move is significant because advertising violations by e-commerce companies, which are big spenders on television, print and digital media, have been on the rise in recent years.

                The Alibaba-backed Paytm has also set up a new company named Paytm Financial Services, which will sell financial products like insurance and mutual funds to its planned payments bank account holders.

GIC may be first PSU general insurer to launch IPO | 28-Mar-2017 16:29 Airtel acquires Tikona’s 4G business for Rs.1,600 crore | 26-Mar-2017 14:04

Telecom major Bharti Airtel on Thursday said it will acquire 4G business of Tikona Networks, including broadband spectrum and 350 sites across 5 circles, for about Rs 1,600 crore.

Tikona currently has 20 MHz spectrum in the 2,300 MHz band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles.

With this acquisition, Airtel will be second company, after Reliance Jio, in the country to have pan-India presence in 2300 Mhz band -- which has second largest ecosystem of 4G devices.