Author Archives: senthilk29

Reliance Communications Bankruptcy Reliance Communications Ltd, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level, and more to vendors. Reliance Communications Ltd, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level,ContinueContinue reading “Reliance Communications has filed for bankruptcy for debt resolution”

The complete rollout of WhatsApp Payments in India is stuck in a limbo as RBI and the ministry for information technology have raised concerns over Whatsapp’s sharing of payments data with its parent company Facebook. At the time of launch, some incumbent payment players such as Paytm* had criticised Whatsapp payments, calling the service insecureContinueContinue reading “WhatsApp Payments runs into trouble with Indian authorities”