Jan 15, 2016 - At Rs 25,000 crore, SBI Life second most-valued insurer

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Sree Vijaykumar From the Editor's Desk Steve Jobs wanted 'serendipitous personal encounters' to occur between his employees, so his office bathrooms were placed accordingly. Freshbooks in Canada sets its employees up on 'blind dates' (no, not the romantic kind), so they can get to know each other better, make friends at work and yes, possibly come up with out of the box ideas. Is your organization more than a few dozen people? What are you doing to encourage serendipity? - Comment At Rs 25,000 crore, SBI Life second most-valued insurer SBI Life Insurance has surged past HDFC Life in valuation, making it the second-most valued insurance company in India after Life Insurance Corporation of India. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Pathankot attack thwarts Indian operations of Pakistani banks like United Bank and MCB Sources said that the government may now prefer not to take a call on the applications of these two banks, given the relations between the two nations after attacks. Finance Ministry to nudge state-run banks to look beyond flagship schemes like Startup India A senior official said banks will be asked to help new entrepreneurs by providing financial management services and guidance on other business aspects. Getting the RBI elephant to dance A culture of complacency will lead to a slow descent into mediocrity Domestic venture capital funds proliferate as HNI interest in start-ups grows Early-stage venture capital firms plan to collectively raise almost Rs650cr from the domestic capital pool The return of public investment It’s time to reconsider economic wisdom that prioritizes private markets at the expense of the public sector Investors turn to gold for short-term gain Investors are turning to gold amid a slump in the equity markets and a concurrent 4.85 per cent appreciation in prices of the yellow metal since January. Banks can now extend all services through ATMs Off-site ATMs are not on premises of a bank branch Direct Benefit Transfer to get a boost after RBI clarifies on Aadhaar Move will also remove duplication of accounts opened under govt’s financial inclusion scheme Jan Dhan Yojana Japan Banks Ready To Invest In India's Energy Sector, Says Piyush Goyal Japan banks, companies ready to invest in India's energy sector: Piyush Goyal - "They have expressed satisfaction that the government is taking proactive measures to resolve these problems particularly through UDAY programme." Sebi plans additional checks for rating firms The move is aimed at avoiding sudden and sharp downgrades in the rating of fixed income instruments United Bank of India to cut bulk deposit rates by up to 1.5% Public sector United Bank of India today said it will cut interest rates on bulk deposits of Rs 1 crore and above for various maturities by 0.25-1.5 per cent from Monday. As start-up funding slows, venture capital firms back in the driver’s seat Apart from demanding that start-ups slow expansion, slash costs and cut discounts, many venture capital firms are setting performance milestones Aadhaar ID saving Indian govt about $1 billion per annum: World Bank Hailing India's Aadhaar digital ID, the World Bank has said the initiative is estimated to be saving the government about $1 billion annually. 4 startups scaling up in India Tech in Asia puts a spotlight on startups in the news Wanted: an out of the box idea for bank recapitalisation Policymakers and bankers need to put their heads together and come up with a smart option to resolve an issue that can no longer be put on the backburner Bankruptcy law: key to tackling the burgeoning NPA issue Reforms in bankruptcy laws can play a crucial role in economic growth and financial stability SBI launches specialized branch for start-ups The specialized branch in its current form cannot fund start-ups, which have so far steered clear of funding from institutionalized lenders as it would qualify as debt and not equity Ecommerce giants like Amazon, Flipkart lose crores in potential business on UP tax diktat The state government had, about six months ago, mandated online buyers who bought any product exceeding Rs 5,000 in value to file a VAT declaration. Mumbai based Phoenix Mills Ltd to revamp two malls in Uttar Pradesh Phoenix Mills Ltd has taken over the management and control of two malls in Lucknow and Bareilly and hotel in Agra from its joint venture partner the Upal group. India's retail mkt has potential to touch $1200 bn by 2020: Boston Consulting Group India's retail market has the potential to grow from $630 billion in 2015 to $1,100-1,200 billion in 2020 on the back of rising income levels and increased urbanisation. Walmart plans tie-ups with online retailers like Flipkart, Snapdeal US retail giant in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership Indian retailer Viva N Diva casts acid attack survivor Laxmi Saa in fashion campaign Viva N Diva went out in search of a woman who encapsulated bravery, strength and perseverance, to tie into the campaign's theme, 'Face of Courage'. More users and lesser discounts? A look at what 2016 holds for Indian ecomm firms Ecommerce will make inroads into rural areas. Traditional business houses such as Reliance Industries and Tata Group will enter the business more aggressively. Will Mukesh Ambani's $14 billion telecom bet pay off? Green Signal to Reliance 4G towers Nagpur: Among India's initial company Indian Company of Engineering (IIT), Bombay, has authorized Mukesh Ambani is telec Airtel, Vodafone to counter Reliance Jio with Nokia VoLTE deals Bharti Airtel and Vodafone have awarded IP multimedia system solution deal for VoLTE deployment to Nokia, people familiar with the matter said Telecom operator Ooredoo Oman signs $177 million financing agreements OMANI QATARI-LOANS/ (URGENT)Ooredoo Oman says signs $177 mln of financing agreements Banks vs independents: Who will win India's mobile wallet wars? According to the author, we have a never-ending list of independent wallets that offer discounts, cashback, vouchers and coupon codes in the hopes of retaining users. But what happens when VC funding runs out? RCom gets nod from bourses for takeover of Sistema JSFC's India biz Reliance Communications (RCom) has received an observation letter (approval to proceed Foxconn plans to make India hub for Africa, West Asia Taiwanese electronics major Foxconn intends to make India a key global manufacturing hub for servicing markets across Africa and West Asia, which may .. HC notice to TRAI, telecom firms over poor network A division bench comprising Justice PK Jaiswal and Justice JK Jain has given six-week time to respondents to submit their replies. A billion mobile users: new startup profiles and innovation insights from Mobile India 2015 A billion mobile users: new startup profiles and innovation insights from Mobile India 2016 Ibibo Group Revenue at INR 234 Cr in FY 14-15 Against a Loss of INR 377 Cr The company has received a total funding of INR 1216 crore. These funds were infused by the holding company MIH India Ecommerce Pte, Mauritius Hyperlocal delivery startups like Roadrunnr, Opinio revise cost per delivery to optimise economics Hyperlocal delivery startups are realising the theorem that there is no free lunch, as pressure mounts on them to optimise the economics of delivery. Gaadi.com founder, others back construction goods marketplace Buildkar, to utilise funds for technology upgradation, improving logistics, expansion and marketing Buildkar was started in 2014. Ex-Flipkart man Akshay Rajwade moves to Location specific deals platform Nearbuy as Senior VP Location-specific deals platform Nearbuy has named Akshay Rajwade, the former director of mobile products at Flipkart, as its senior VP for products. Tech Mahindra bets big on digital technologies like automation and internet-of-things : Will invest in 22 platforms Over the last few months, the company has said it would invest in startups, seek external funding for internal units and would partner with technology providers. EdgeVerve EVP Michael Reh quits from Infosys Vishal Sikka said Reh would stay with the company till at least the end of the March quarter. 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