Reliance Jio takes on Airtel, Voda with 100% cashback on Rs 399 recharge

Reliance Jio on Thursday introduced a variety of discounts for its prepaid subscribers, including triple cashback of up to Rs 2,599 on every recharge of Rs 399 or above.

The triple cashback offer includes 100 per cent cashback vouchers of Jio worth Rs 400 on every Jio tariff plan recharge of Rs 399 or above and an instant cashback of up to Rs 300 on every recharge. The vouchers will include discounts at travel portals and retail stores.

While there was no reply to queries sent to Jio, its channel partners on condition of anonymity said the prime membership customers will get a cashback and vouchers for certain recharge amounts through wallets, including leading digital payment wallets like AmazonPay, AxisPay, FreeCharge, Mobikwik, Paytm and PhonePe.

The exclusive Jio Prime benefits will be available during the offer period from November 10-25, 2017.

The cashback redemption availability will have three categories:

• Jio cashback vouchers worth Rs 400, which include eight vouchers of Rs 50 each will be provided instantly in MyJio for redemption from November 15, 2017

• Instant cashback from partner wallets will be credited to user wallets instantly 

• E-commerce vouchers of up to Rs 1,899 for shopping on e-commerce platforms and discounts on flight tickets will be available from November 20, 2017 onwards on specific portals 

We messed up: Full text of what Kunal Bahl wrote to Snapdeal employees

Latest Business News - Exploring ways to optimise costs and rewrite its success story, Online marketplace Snapdeal has confirmed that it is undertaking layoffs within the company. Snapdeal co-founders Kunal Bahl and Rohit Bansal in an email to employees on Wednesday said they have had to take tough decisions to retain the company's profitability, which include - employee layoffs, 100 per cent salary cut for themselves, among others.

Quoting Zig Ziglar, Kunal said, "When obstacles arise, you change your direction to reach your goal, you do not change your decision to get there."

According to The Economics Times, here are key highlights of Kunal Bahl's email to Snapdeal employees:

* Snapdeal probably holds the record for the company that got written off the most number of times by Internet pundits.

* Have our company and industry been going through a troubled time? Absolutely. Did we make errors in our execution? No doubt about that(Read More)

FreeCharge, Twenty Four Seven tie-up to make grocery payments cashless

Latest Business News - India's leading digital wallet and payments firm FreeCharge has announced its partnership with Twenty Four Seven, a leading 'round-the-clock' convenience format retail chain.

With this partnership, FreeCharge consumers can pay for more than 3500 products and services at every Twenty Four Seven store using their FreeCharge wallet.

The customer just needs to install the FreeCharge app and scan the QR code at the outlet to make the payment. These products cut across categories like Beverages, Dairy, General Merchandise, House Needs, Ready Foods and Staples amongst several others. Twenty Four Seven has over 45 Twenty Four Seven stores in Delhi NCR region.

FreeCharge had recently announced its partnership with Grofers to offer cashless grocery purchase for its customers and has tie-ups with retail chains like HyperCity, Heritage Fresh, M K Retail and now Twenty Four Seven marking its presence in the category.

"FreeCharge has always focused on building consumer habits in the digital payments space and grocery shopping is one such use case which can help drive this transformation. Through this association, we'll help consumers go cashless for their grocery and other purchases at Twenty Four Seven and experience the ease of digital payments," said Chief Business Officer FreeCharge, Sudeep Tandon.(Read More)