Thursday, March 17, 2016

March 17, 2016 - Not known for being trendy State Bank of India shows that it is 'baap of all banks' in the trendiest mobile banking space too

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Godmen like Baba Ramdev use corporate smarts to combine knowledge of something real like Yoga or Meditation (Sri Sri Ravi Shankar), with the fears and insecurities of the masses to create multi-million dollar organizations. Their popularity can get chief ministers (or even the prime minister) to endorse them. They sell everything from noodles to a medicinal herb that promotes fertility (its ancient name, which means "son's life seed", hints unethically at particular effectiveness in spawning male offspring). They are seeking corporate-style synergies between religious messaging, personal celebrity, commercial success and political influence. Welcome to 21st-century spiritual entrepreneurship! More in this Economist article - Comment


Digital
Not known for being trendy State Bank of India shows that it is 'baap of all banks' in the trendiest mobile banking space too
Not known for being trendy  State Bank of India shows that it is 'baap of all banks' in the trendiest mobile banking space too - Economic Times
In December, the bank reached the top position in the trendiest mobile banking space which could determine the success of a bank in retail lending.


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Digital
Apple Pay, who cares? India’s big banks already getting into mobile payments game
Government-run State Bank of India (SBI) – one of the country’s “big four” banks – announced this week it’s working on a feature that will let customers use credit cards directly from their mobile phones when paying for things in stores.

 


Digital
India's billion-member biometric database stokes privacy fears
India's  billion-member biometric database stokes privacy fears - Daily Mail
India’s legislators are on Wednesday debating a law that would allow the government to collect biometric and demographic information from people in return for distributing to them government benefits and subsidies.


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Gartner analysts share their top predictions for 2016 and beyond. As the digital wave advances, Gartner analysts discuss the future of I&O and its implications for end-user organizations and solution providers. Use Gartner Predicts as planning assumptions on which to base your strategic plans.

 


The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers
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Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth.

Digital
FreeCharge introduces social payment feature 'Chat and Pay'
FreeCharge  introduces social payment feature 'Chat and Pay'
Snapdeal-controlled FreeCharge has launched a social payment feature called ‘Chat and Pay’ which directly connects buyers and sellers and allow them to pay over the chat function.This is the first time a person-to-person and person-to-merchant interface for digital payments has been introduced i


Digital
BankBazaar appoints ex-Microsoft executive Murari Sridharan as CTO
The fin-tech startup had raised Rs 375 crore in Series C funding last year.


Digital
Job portal WorkIndia gets funding from Singapore-based fund Beenext
It had raised pre-Series A investment in October last year.


Retail
Sellers on ecommerce sites like Flipkart, Amazon, complain of being penalised for returned goods
Sellers on ecommerce sites like  Flipkart, Amazon, complain of being penalised for returned goods - Economic Times
The sellers, none of whom wants to be identified, complain that the marketplaces are not sharing logistics costs or returning commissions.

Retail
Infibeam seeks up to Rs450 crore in first e-commerce IPO in India
Ahmedabad-based e-tailer has fixed the price band at Rs360-432 per share and the public issue will close on 23 March

Retail
FreeCharge to Roll Out 'Chat and Pay' Feature On Thursday
FreeCharge to  Roll Out 'Chat and Pay' Feature On Thursday - NDTV
The chat and pay feature will facilitate P2P (peer to peer) and merchant payments through the app, and will be rolled out on its apps soon.

Retail
'Amazon Tatkal to help people sell products online'
'Amazon Tatkal to help people  sell products online' - Economic Times
Amazon Tatkal, which was recently launched, will engage with entrepreneurs, artisans, manufacturers and sellers to help them sell online on the spot.


Telecom
India's first mobile cluster to get ready by August 2016
India's first mobile cluster to  get ready by August 2016 - Times of India - Times of India
Shri Venkateswara Mobile and Electronics Manufacturing Hub in Tirupati, the country's first mobile manufacturing electronics cluster will be up and running by by August 2016, said Murali Retineni, executive director, Celkon.


Telecom
NCC suspends proposed OTT regulation, amid dwindling voice revenue
There seems to be a new twist in revenue expected by mobile operators from Out of The Top Services, OTT such as Facebook, Skype, WhatsApp, Viber, Blackberry Messenger (BBM) and WeChat as the Nigerian


Telecom
Idea, Videocon Telecom terminate spectrum trading deal
NEW DELHI: Idea Cellular and Videocon Telecom have ended a spectrum trading deal ...

 


Telecom
Parts makers want telecom companies in government access policy
Parts makers want telecom  companies in government access policy - Times of India
Domestic manufacturers complain that they have not been able to increase market access despite having cheaper products.



Finance
Who will buy Kingfisher House?
Who will buy Kingfisher House?  - Livemint
The base price for this multi-storey building, with a built up area of over 17,000 sq.ft, has been set at Rs150 crore


Finance
Infibeam’s uncharacteristic boldness may unnerve IPO investors
Infibeam’s uncharacteristic boldness may unnerve IPO investors - Livemint
Infibeam is the oddball of the e-commerce industry: its revenue growth is glacial, as compared to Flipkart, but it has managed to post profit. But with the IPO, it has thrown caution to the wind


Finance
State Bank of India claims top slot in mobile banking
State Bank of India claims top  slot in mobile banking - Economic Times
Moody’s Investors Service on Wednesday said State Bank of India’s profitability metric


Finance
India Post payments banks may offer DBT of various ministries
India Post payments banks may  offer DBT of various ministries - Economic Times
The proposed payments bank of Department of Posts is likely to provide DBT facility of various ministries, Parliament was informed today. "The India Post Payments Bank (IPPB) is likely to provide "Direct Benefit Transfer (DBT) of social security




Software
India's tech sector boosting female jobs : 51% of entry level jobs went to women in 2015
India's tech sector boosting  female jobs : 51% of entry level jobs went to women in 2015 - Livemint
India’s technology services sector is hiring more women but females still assume just a fraction of senior roles, according to a joint study by the industry’s


Software
Google announces integration of cab hailing apps : Will show Ola, Uber cabs information on Maps
Google announces integration of  cab hailing apps : Will show Ola, Uber cabs information on Maps - Economic Times
If the user has the app of Ola and Uber installed, they will also be able to see fare estimates and pick up time and if a car is available near them, Google said.


Software
ED probing Ringing Bells for alleged FEMA violation, says Ravi Shankar Prasad
ED probing  Ringing Bells for alleged FEMA violation, says Ravi Shankar Prasad
In a written reply to the Lok Sabha, he said a complaint has been received against the company by the Department of Revenue under Ministry of Finance.


Software
PC shipments increased by 10.6% in Q4 2015, but future growth remains a concern
PC shipments  increased by 10.6% in Q4 2015, but future growth remains a concern
Gartner attributed the growth in Lenovos market share to execution of orders the company received from state governments.



Ecommerce

Ecommerce
HDFC Bank launches SmartUp, a dedicated solution for startups, to fulfil all their banking needs
HDFC Bank has launched SmartUp, a dedicated solution for startups, to fulfil all their banking needs.

Ecommerce
Allahabad high court imposes a fine of Rs 2 lakh on the Uttar Pradesh commercial tax department for illegally attaching Flipkart bank account
Allahabad high court imposes a  fine of Rs 2 lakh on the Uttar Pradesh commercial tax department for illegally attaching Flipkart bank account - Hindustan Times
Hindustan Times
The Allahabad high court has imposed a fine of Rs 2 lakh on the Uttar Pradesh commercial tax department for wrongly attaching a bank account of online shopping company Flipkart in a purported attempt at tax recovery. The department had also withdrawn 

Ecommerce
FreeCharge adds a 'Chat and Pay' option that lets users make social payments (also known as Person-to-person or P2P payments) via its Android app
With 'Chat and Pay', FreeCharge customers will be able to chat and pay in a secure way to friends, family and merchants in less than 5 seconds.


Franchise
Franchisee Journey: From 25 years as production specialist with New York Times to Retro Fitness franchisee
Franchisee Journey: From 25  years as production specialist with New York Times to Retro Fitness franchisee - Entrepreneur
At 38, Warren De Stefano said goodbye to newspapers and hello to a unique gym franchise, helping disabled military veterans along the way.


Franchise
How to manage your franchise business like a true leader
It feels good doesn’t it – being in charge of your own destiny, owning your own franchised business? But being the leader is not always easy. Leading by example can, at times, be very hard – particularly when you are not feeling “leader” material. It can also be one of the loneliest jobs – up …



HR
Alternatives to the Annual Performance Review
Alternatives to the Annual  Performance Review - Forbes India
Companies are abandoning the age-old tradition of the annual performance review. What can possibly replace it?


HR
Sixth Economic Census paints a worrisome employment scenario in India
Sixth Economic Census paints a  worrisome employment scenario in India - The Hans India
Data on the number of people working in the urban setup was 20,12,026 in 1990. It shot up to 34,15,104 in 1998, but increased marginally to 34,86,324 in 2005.


HR
8 Kickass Govt Jobs you should seriously consider
8 Kickass Govt Jobs you should  seriously consider - Businessinsider India
Most government jobs are believed to be boring and monotonous. The only 'respectable' options are IAS or IPS. However, that's not the case. There are several


HR
Journalist Pushp Sharma who reported AYUSH ministry 'denying' jobs to Muslims, being questioned by Delhi Police
Journalist Pushp Sharma who  reported AYUSH ministry 'denying' jobs to Muslims, being questioned by Delhi Police - India Today
Journalist Pushp Sharma whose report had claimed AYUSH ministry denying jobs to Muslims based on a RTI query has been picked up by Delhi Police for questioning.



Logistics
Air India AI 332 jet isolated at Bangkok airport after bomb threat at 2013hrs
Air India AI  332 jet isolated at Bangkok airport after bomb threat at 2013hrs  - Economic Times
BANGKOK, March 17 — Passengers on an Air India flight were evacuated on an emergency slide at Bangkok’s main international airport late yesterday following a false bomb threat, according to Thai authorities. The Bangkok-bound Air India Flight


Logistics
Army stops construction of road along Ladakh LAC after China protests
Army stops  construction of road along Ladakh LAC after China protests - Hindustan Times
Leh district authorities have written to the home ministry, seeking clarification on the matter


Logistics
9 years and Rs 30,000 crore later, Air India is finally set to make some money, INR 8 cr operating profit
9 years and Rs 30,000 crore  later, Air India is finally set to make some money, INR 8 cr operating profit - Quartz
2016 could see Air India clearing the woods after years of loss-making.


Logistics
Air India's Nagpur MRO seeks defence business

The city-based Maintenance, Repair and Overhaul (MRO) unit of Air India might turn a defence business hub if the plan of the State-run airliner gets the necessary push. Air India is seeking defence business for its MRO in Nagpur as part of diversification plan, even as nation’s oldest airline uses the facility for major repairs of its own wide-bodied aircraft.

 



Construction
Cash-starved developers tie up with bigger rivals to fund projects for share of revenue and profits
Cash-starved developers tie up  with bigger rivals to fund projects for share of revenue and profits - Livemint
Large firms step in as development managers for smaller developers in return for a shareof revenue and profits


Construction
CII says that Real estate bill will safeguard rights of home buyers
CII says that  Real estate bill will safeguard rights of home buyers - ET Realty
The bill seeks to protect consumer interest, ensure efficiency in all property-related transactions, improve accountability of developers, boost trans..


Construction
Government gives nod to NHAI for raising Rs 55,000 crore from market
Government gives nod to NHAI  for raising Rs 55,000 crore from market - ET Realty
The ministry has also proposed in a Cabinet note allowing the NHAI to keep the proceeds of completed highway projects that will be sold out for a heal..


Construction
16 leased out properties under scanner of Pune Cantonment Board for commercial use
16 leased out  properties under scanner of Pune Cantonment Board for commercial use - ET Realty
According to Cantonment rules and local bylaws, a property can be used for commercial purposes if it is located within the notified civil area of the ..



Marketing
India's Billion-Member Biometric Database Raises Privacy Fears : Report
India's  Billion-Member Biometric Database Raises Privacy Fears : Report - Voice of America
Parliament is set to pass legislation that gives federal agencies access to the world's biggest biometric database in interests of national security, raising fears privacy of a billion people could be compromised


Marketing
How LeadSquared is chasing a $500M market opportunity : Report
How LeadSquared is chasing a  $500M market opportunity : Report - VCCircle
Four years ago, three engineers who previously worked with IBM and Oracle sniffed an opportunity few Indian entrepreneurs had noticed till then.Nilesh Patel, Sudhakar Gorti and Prashant Singh realised that most consumer-facing startups in India at the time relied largely on advertisements to


Marketing
Instagram Changing The Feed To An Algorithm : Honey Nut Cheerios #BringBackTheBees
Instagram Changing The Feed To  An Algorithm : Honey Nut Cheerios #BringBackTheBees - Lighthouse insights
Instagram confirms it’s changing the feed to an algorithm: Prepare to panic: Instagram said it’s changing users’ timelines to an algorithm. In a move that shadows its sister social network Fa…


Marketing
Google’s Hilarious Ads Tell You How Easy It Is To Search For Cricket This T20
Google’s  Hilarious Ads Tell You How Easy It Is To Search For Cricket This T20 - Lighthouse insights
There’s a difference between batting average and average batting. T20 is not a 20 minute tea break. And then there’s a doosra, teesra to decode. It’s tough being a newbie to cricketing terms in a c…



Politics
Aadhaar bill passage is the game changer Modi needs: Congress’ opposition is all politics
Aadhaar bill passage is the game changer Modi needs:  Congress’ opposition is all politics
But that being the case, why is the Congress opposed to passage of Aadhaar bill, more so when it recognises that it is one of the most transformational initiative.


Politics
Won’t say Bharat Mata ki Jai, says MIM’s Waris Pathan: Uproar in Maharashtra Assembly, MLA suspended
Won’t say Bharat Mata ki Jai, says  MIM’s Waris Pathan: Uproar in Maharashtra Assembly, MLA suspended
The Maharashtra assembly saw high drama on Wednesday as Waris Pathan, an MLA from the party Majlis-e-Ittehadul Muslimeen, was suspended from the House for refusing to chant 'Bharat Mata ki Jai'


Politics
Parl-lament for a fractious Budget Session: Jaitley, Yechury engage in verbal spat over Aadhaar Bill in RS
Parl-lament for a fractious Budget Session: Jaitley,  Yechury engage in verbal spat over Aadhaar Bill in RS
Here are some of the key issues and events that were discussed or took place in the Parliament during the Budget Session.


Politics
JNU Row: Umar Khalid, Anirban Bhattacharya's Bail Plea Reserved Till 18 March
JNU Row: Umar Khalid, Anirban Bhattacharya's Bail Plea  Reserved Till 18 March
NEW DELHI -- A Delhi Court on Wednesday reserved its order on the bail plea of Jawaharlal Nehru University (JNU) students Umar Khalid and Anirban Bhattacharya for 18 March. During the hearing, the



Sports
West Indies vs England: Chris Gayle sets Twitter on fire with quick-fire 100
West Indies vs England: Chris Gayle sets Twitter on fire  with quick-fire 100
Chris Gayle took only 47 balls to smash his second hundred in World Twenty20s.


Sports
Saina Nehwal, B Sai Praneeth reach pre-quarterfinals of Swiss Open
Saina Nehwal, B Sai Praneeth reach pre-quarterfinals of Swiss  Open
Saina Nehwal saw off Germany's Karin Schnaase 21-7 21-15 in 33 minutes to reach the pre-quarterfinals of the women's singles competition.


Sports
India vs New Zealand: Who said what about India’s defeat, New Zealand win on Twitter
India vs New Zealand: Who said what about India’s defeat, New  Zealand win on Twitter
India lost their opener against New Zealand by 47 runs, making it five out of five defeats to New Zealand in T20Is.


Sports
ICC World T20: Top PCB officials to be at Eden Gardens, Imran Khan too expected
ICC World T20: Top PCB officials to be at Eden Gardens, Imran  Khan too expected
Cricketer-turned politician Imran Khan is among the Pakistani guests expected to watch the much-awaited clash at the Eden Gardens.



Entertainment
Bollywood lauds Javed Akhtar’s speech in parliament
Bollywood lauds Javed Akhtar’s speech in parliament
Javed Akhtar's speech at the Rajya Sabha was hailed as "wonderful" and "magnificent" by a string of celebrities.


Entertainment
Shehnai exponent Ustad Ali Ahmad Hussain Khan passes away
Shehnai exponent Ustad Ali Ahmad Hussain  Khan passes away
Eminent Shehnai exponent Ustad Ali Ahmad Hussain Khan passed away in Kolkata today following prolonged illness.


Entertainment
Indian films shouldn’t be banned in Pakistan, says Pakistan filmmaker Khalid Ahmed
Pakistani filmmaker Khalid Ahmed told IndianExpress.com, "I don't believe in bans at all. I feel all films including Indian ones should be released in Pakistan."


Entertainment
MS Dhoni – The Untold Story teaser featuring Sushant Singh Rajput gets thumbs up from the audience
MS Dhoni – The Untold Story teaser featuring  Sushant Singh Rajput gets thumbs up from the audience
MS Dhoni - The Untold Story teaser, which gives an insight of Dhoni's inspiring journey, has really left the audiences stunned.






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