Mar 30, 2016 - How will Bharat Bill Payments System benefit you

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Sree Vijaykumar From the Editor's Desk Market downturns are the best times for well-run startups. They can work on their core business, without having to worry about getting outpriced by flash-in-the-pan heavily-funded competitors. Bigbasket stuck to its core mission of getting an expanding assortment of groceries to you as quickly as possible and investors now want a bigger piece of that action. The grocery business with its issues of high number of SKUs, stockouts, low shelf life and notoriously low margins is a tough space to operate in. Ola, Flipkart and Paytm, have all shut their grocery adventures. Grofers and Peppertap will struggle to eke out margins from pure delivery. Private label and control on inventory should give Bigbasket an edge. Will it emerge as a stand-out success story in the online grocery space? Time will tell - Comment How will Bharat Bill Payments System benefit you BBPS is an integrated online platform which is being developed by the National Payments Corporation of India for all kinds of bill payments. Bandhan and IDFC Bank's bumpy journey since getting banking licence For Bandhan and IDFC, the journey since getting a banking licence — issued for the first time in a decade — has been bumpy and future looks tough. Supreme Court allows Sebi to sell Sahara properties The properties to be disposed of by Sebi are estimated to be worth Rs40,000 crore Govt defines e-commerce marketplace rules, allows 100% FDI DIPP has also come out with the definition of e-commerce, inventory-based model and marketplace model RBI tells Supreme Court loan defaults may not always be promoters’ fault Making the names of such defaulters public may adversely impact genuine risk-taking and growth, the banking regulator said. Tata Steel to sell entire UK operation Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales. Reserve Bank of India tweaks upcoming lending rate rules The Reserve Bank of India said on Tuesday fixed-rate loans of up to three years offered by lenders will have to be set based on their marginal cost of funding. Banks asked to price 3-year fixed rate loans based on MCLR Introduced by RBI on 17 December, MCLR takes effect from Friday, and the guidelines mandate that banks must price incremental loans using MCLR India is a home market for HSBC: Stuart P. Milne HSBC is looking at more investments in the digital space in India this year, says Stuart P. Milne IDFC fund in talks to buy out Gayatri Projects’ stake in two highways The discussions are at an early stage and a valuation for the annuity build, operate and transfer (BOT) projects has not been worked out BSE aims for up to Rs800 crore IPO this year The stock exchange is working on regulatory aspects of the IPO; the draft share-sale prospectus is expected to be filed before end of April-June quarter India expected to achieve the higher growth rate of 8% and above in coming years-Finance Minister The Union Finance Minister Shri Arun Jaitley visited the Sydney Campus of S P Jain School of Global Management and delivered a Lecture on 'Reimagining India'. JSW Energy in talks to buy three power assets JSW Energy looking at deals with Monnet Power, Jaiprakash Power and Jindal Power, for total capacity of 2,591MW World's best economy betraying investors as India earnings decay Company profits are on the opposite trajectory, falling in four of the last five quarters in the worst run since the financial crisis How CarDekho is planning to redefine car ownership business CarDekho.com is looking to create an ecosystem that will cater to tech needs of auto firms, dealers and consumers KFC, Domino's Pizza and other QSR chains try out new ways to attract consumers and stem slowdown Yum! Restaurants, which operates the KFC chain in India, has tied up with Mumbai Dabbawalas to deliver meals. New marketplace norms to ensure level playing field: Kishore Biyani, Future Group Kishore Biyani has welcomed the new policy guidelines and clarifications issued by the government while allowing 100% FDI in ecommerce marketplace. RSS affiliate Swadeshi Jagran Manch slams government on allowing 100% FDI in ecommerce Government permitted 100 per cent FDI under the automatic route for retail trading, or B2C (business-to-consumer) transactions, in marketplace model. Big brands, retailers see end to predatory online pricing with marketplace guidelines Consumer electronics cos were up against online discounting, since almost 70%-75% of online sales in India were generated from mobiles, TV, etc. MVNO: Biyani plans to partner Tata Tele Will seek virtual network licence for Future Group; expand existing tie-up for T24 brand Rallis transfers leasehold right of land to IKEA for Rs 214 crore Mumbai-based Rallis India today said it has entered into an agreement with Swedish furniture retailing giant IKEA to monetise its surplus assets. Farmers' cooperative to open café chain Café de Monde, a café chain, will be opened by the farmers cooperative Manarcadu Socia Shoppers Stop's duty-free airport venture under review Fashion retailer Shoppers Stop has hit an air pocket with duty-free airport shopping. The retailer is now reviewing the joint venture with Nuance This Lucknow-based startup makes your shoes the way you want them Ecommerce startup Purplehide lets customers design their shoes using an online 3D tool with their choice of style, colours, heel type, and heel height. Xiaomi to launch Mi 5 in India on Thursday The Mi 5's 32GB variant features a 1.8GHz Snapdragon 820 chipset with 3GB of RAM. 700Mhz Auction: The other side of the spectrum Operators have opposed the auction of the entire available bandwidth, questioning both the quantum of spectrum on offer as well as the proposed reserve price. Vodafone moves ICJ over tax arbitration with India Vodafone Group Plc has moved the International Court of Justice seeking appointment of a third arbitrator in its Rs 20,000-crore tax dispute with India. RJio preparing for soft launch of 4G services soon New Delhi, Mar 29 () Reliance Jio, the telecom arm of Reliance Industries, is preparing for a soft launch of its 4G services soon, Credit Suisse said in a note today. Jio has already launched services for Reliance group employees and their friends three months back. Telecom commission clears entry of virtual network operators in India The move allows companies that do not have the required infrastructure buy bandwidth from the already established telecom operators and resell it under their own brand. Govt panel approves VoIP interconnection ahead of RJIO launch The move may allow users to make calls to landlines and mobiles through voice over internet protocol apps such as Whasapp, Viber and Skype. Mobile Banking Witnesses Unprecedented Jump; Rs 49k Cr Worth Of Mobile Transactions Happened In Dec 2015 As per latest data from RBI, the value of mobile banking transactions increased by 46% in December, 2015 to reach Rs 49,029 crore compared to November, 2015. If we compare year on year growth, then in December 2014, only Rs 11,323 crore of mobile banking transactions happened in India. Consolidation underway in the Indian telecom sector Jio has already launched services for Reliance group employees and their friends three months back. Indian telecom tower firms to grow 8%-10% over next two years: Moody's The firm said that India and Indonesia are the most developed in Asia and expected to continue growing - but geographical, operational and regulatory .. Last-mile delivery firms turn focus on non-food segments, working with ecommerce companies According to experts, the last-mile delivery players are moving towards an equal mix of food deliveries and on-demand in this scenario. Flipkart sets eye on big appliances, specialised logistic network to bring in customers and brands The category, the third largest for Flipkart, after electronics and apparel includes products like televisions, refrigerators and air conditioners. Flipkart is Back on UC Browser as Well; Culmination of App-Only Strategy? Flipkart, the blue-eyed boy of Indian eCommerce industry famously pitched for the App-only strategy in September last year where it completely shut down it Government permits 100% FDI in e-commerce market places, but with riders Critically, a clause bars marketplaces from offering discounts on their own — these have to come from the vendors on the platforms. NDTV's wedding portal Bandbaajaa goes live NDTV has launched Bandbaajaa, an online portal for wedding services and shopping. The company had said in December that is would launch such a portal, only it Dell services President Suresh Vaswani may exit Dell post integration with Japan's NTT Data Suresh Vaswani may exit from the combined entity to pursue other opportunities after helping with integration of Dells IT Services business with Japans NTT Data later this year. How mobile browser is making a comeback and challenging apps? Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. 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