Dec 9, 2015 - PNB waives off ATM charges for Chennai users, NHB chips in too

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Sree Vijaykumar From the Editor's Desk Here are two interesting pieces on Chinese society that give us a glimpse into how rapid economic progress has shaped attitudes and aspirations there. The first piece, evocatively titled 'The Unbearable Coldness of Being (Chinese),' follows a real life incident involving a man about to die on a flight and his nightmarish journey to hospital, his eventual survival and his fight against a cold system. This story seems to have triggered a major introspection in Chinese society this year. The second story by Neelima Mahajan, 'The rise of the big spenders of China' chronicles the aspirations of middle-class and even lower income Chinese, who aspire to vacation in developed countries. A hotel bellboy in Chengdu was planning an India vacation, Taj Mahal and Rajasthan included - Comment PNB waives off ATM charges for Chennai users, NHB chips in too In view of the floods in Chennai, Punjab National Bank (PNB) today said it has waived off charges for using ATM network of other banks. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans SBI says never agreed to fund Adani Group's Australian coal project State Bank of India today said it had not committed to extend any loan to the Australian coal mines project of Adani Group but had only signed a memorandum of understanding for the same provided the company met all its eligibility criteria. IPOs of Dr Lal Pathlabs and Alkem Labs see good demand Alkem Labs sees subscription of 36% in institutional investor category; Dr Lal Pathlabs’ sees institutional investors’ segment subscribed 1.07 times Government needs to nurture the green shoots, say bankers Say the pace would really pick up as and when the govt started awarding big-ticket contracts Promoters look to sell home finance business of AU Financiers for up to Rs 1,000 crore The company, that has a Rs 800-crore home loan portfolio, will be sold to either financial or strategic investors, as Axis Capital has been mandated to look for buyers. Sebi likely to bring crowdfunding under regulatory framework Sebi, which had formed a committee called under N.R. Narayana Murthy, will submit its report in a month, said Sebi chairman U.K. Sinha Will the Nifty start moving upward? The concerted selling means FIIs dont expect markets to move up soon since call sellers face huge losses if an underlier, Nifty in this case, moves up. India sees 'firming growth', says OECD India is witnessing "firming growth" even as most developed and developing economies are seeing mixed trends, according to the Organization for Economic Cooperation and Development (OECD). The rise of the rent economy The renting business is expanding to include everything from clothes to sharing of financial resources and even pets Dropbox is killing a $100 million investment By closing down email app, Mailbox and photo organizer Carousel, it is streamlining to focus on corporate users Yes Bank commits $5 bn for climate action in India YES Bank also signed a memorandum of understanding (MoU) with The London Stock Exchange Group (LSEG) to collaborate on bond and equity issuance, with focus on developing green infrastructure during the Prime Minister’s visit to the United Kingdom. SoftBank may look to pair Pepper with IPsoft’s Amelia The move is potentially the biggest validation and business opportunity for the Chetan Dube’s IPsoft MockBank acqui-hires Litoro MockBank Learning, a test preparation start-up for govt jobs, said it has acquired web and mobile and services firm Litoro Vodacom to buy majority of Tata Comm’s Neotel fixed line business The revised deal excludes Neotel’s wireless spectrum and licences Flipkart to arrange easy working capital loans for vendors to ensure loyalty Easy working capital loans — thats the carrot Flipkart is holding out to its 80,000 merchants to stay loyal and stay active. Oil price crash good for economy, risky for stocks Futures of both benchmark Brent and WTI fell over 6 per cent in the previous session to reach the lows of 2015. Fairfax acquires additional 22% stake in IIFL for Rs1,341 crore Following the completion of the open offer, FIH Mauritius’ holding in IIFL has increased by 21.85% to 30.72% As Raghuram Rajan tightens screws, banks can still disguise bad debts Strategic debt restructuring, a tool provided by RBI to help lenders tackle bad debts, is instead helping banks to camouflage the scale of the problem Online hiring up 53% in Nov 2015: Monster Index Monster Employment Index, a monthly gauge of the country's online job demand rose by 76 points to 220 in November this year from 144 in the corresponding period last year. Online retail brand Teesort targets 100 cr from sales Among the first in the category to post a profit; plans overseas expansion 6 smart steps for safe shopping online No one wants to deal with a cyber security breach, so here are some precautions you can take this holiday season. MobiKwik partners with IRCTC to allow booking ticket through its wallet This association will enable MobiKwik users to book railway tickets in a convenient and secure manner from their smartphones, said a release. When Gujarat handled Chennai's mobile traffic If you are a Vodafone customer and wondering why your data service is down and facing call drops, well it is because the Chennai's traffic was diverted to Gujarat by Vodafone. Intex Cloud Flash with 4G support launched It will face stiff competition from the likes of local vendors like Micromax and its subsidiary YU. Vodafone India to Rollout 4G Services Starting From Kochi on Monday Vodafone India on Tuesday entered the 4G services arena, starting with Kochi, as it looks to take on market leader Bharti Airtel and the upcoming launch by Reliance Jio Infocomm. The country’s second Airtel set to launch 4G services in Rajasthan Airtel to soon rollout 4G services in Rajasthan - Airtel will launch 4G services in Rajasthan within a few days and cover other important cities in next six months, a top official said. "We are ... Microsoft Lumia 550 with Windows 10 mobiles, 4G LTE goes on sale Microsoft's Lumia 550 with 4G LTE and Windows 10 has now gone on sale starting with Europe and is priced at $139 NTT Communications to launch data network in India NTT Communications Corp. is set to become the first Japanese company to launch data services in India, sources said Tuesday. The company will provide integ Google CEO Sundar Pichai won't launch Android One part 2 Here's what Google could avoid to make sure that Android version 2 manages to make a mark in India's fierce mobile world. Indian Railways: Now book your train ticket on IRCTC through MobiKwik's mobile app Indian Railways travellers can now make payments for their tickets using MobiKwik as it is now the first payment option on IRCTC Connect Android App. Our strategy is to protect market share: Sunil Mittal, Bharti Airtel Chairman Consolidation in the Indian telecom sector could result in five or six operators remaining in the country, says Bharti Enterprises chairman Sunil Mittal. Indian mobile phone makers taking the fight to TV market as Micromax, Intex are cornering a chunk of the TV market Micromax, Intex are cornering a chunk of the TV market so far dominated by Korean and Japanese firms Flipkart India and Flipkart Internet pledge assets to access credit facilities worth over Rs 1,400 crore from commercial banks The e-commerce giant maintains it is well capitalised and the borrowings are relatively minor Govt gets complaints against e-commerce firms like Flipkart The government has received 12 complaints against e-commerce companies such as Flipkart and Newlook Retails in the last three years for alleged money laundering, fraud transactions and unfair trade practice... What Makes Flipkart and Amazon Attractive Platforms for Small Sellers? Flipkart and Amazon offer a performance based pricing structure encouraging more and more small sellers to go online. DHL Group with the UN Development Programme will impart a five day workshop for disaster preparedness at the Guwahati airport, Assam Participants in the workshop include a mix of staff from the airport's terminal management team, cargo operations, communication, navigation services. Infosys aiming to be carbon neutral by 2018 In May, Infosys became the first Indian company to join RE100, a global platform for companies committed to 100% renewable power. How Facebook is falling back in war with YouTube? Over the past year or so, Facebook has made increasingly aggressive attempts to chip away at YouTubes dominance in the world of short Internet videos. What are the 10 technology trends for 2016 and beyond? Consumers believe AI will soon enable interaction with objects without the need for a smartphone screen, according to a report by Ericsson ConsumerLab. 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