Now all-powerful Aadhaar may become the base of financial transactions too

NEW DELHI: Aadhaar is on course to evolving into a comprehensive identification number for financial transactions, with the government deciding to introduce Aadhaar-enabled know your customer regime across financial sector. The government is holding consultations with all regulators including the Reserve Bank of India in this regard, officials said on Thursday, a day after Aadhaar was made mandatory for filing income tax returns and applying for permanent account number or PAN.

Vodafone-Idea merger may cost 23% more than the agreed price

NEW DELHI: The valuation of the merged Vodafone India-Idea Celullar entity is likely more around Rs 160 a share, 23% higher than the Rs 130 a unit price that the UK telco has agreed to sell its shares at to the Aditya Birla Group, after accounting for all the operational synergies, said a Vodafone official.

CCI approves sale of Reliance Infratel's towers to Brookfield

NEW DELHI: The Competition Commission of India approved the proposed sale of Reliance Infratel’s towers to Brookfield Group for Rs 11,000 crore, about a week after it okayed the merger of the company’s wireless business into Aircel Ltd. and Dishnet Wireless. “Upon completion of the demerger, through a scheme of arrangement, and the completion of certain other conditions and approvals, Rapid Holdings 2 Pte Ltd., a company which is a part of the Brookfield Infrastructure Group, will acquire 100% of Towercom Infrastructure Private Ltd.,” the company said.

Altico Capital provides credit line of up to Rs 300 crore to Phoenix Group

MUMBAI: Clearwater Capital-backed non-banking financial company Altico Capital has provided a credit line of up to Rs 300 crore to Hyderabad-based real estate developer Phoenix Group. Phoenix Group will use the funds to repay some lenders and for two of its projects—Halcyon, which it’s a residential project in Jubilee Hills, and a commercial development at Hafeezpet, Altico Capital said in a press release on Thursday.

YouTube celebrates growth of online creators in India

NEW DELHI: YouTube has been recognised as the fastest-growing online creators in India on the eve of fourth edition of YouTube FanFest in Mumbai, on Thursday. With over 14 independent creators hitting the one-million subscribers mark across Entertainment, Music, Tech and Food, YouTube is continuing to see massive growth in online video viewership in India, reaching over 180 million users per month in India on mobile alone, according to App Annie.