Mar 29, 2017 - SBI to offer 'zero annual fee' credit cards to accounts with Rs 20,000

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Sree Vijaykumar From the Editor's Desk Chris Dancy is the most connected man in the world. He uses between 300 and 700 tracking and lifelogging systems at all times, from the fitness wristband Fitbit to the Beddit mattress cover. As he speaks, blinking lights are a visual reminder for Dancy to slow down and focus on his breathing. The lights, like so many aspects of his unassuming, cozy home, are connected to the devices he wears; in this case, they sense his heart rate is up and signal it's time for him to calm down. Similarly, classical music plays throughout the house if he loses his temper. By looking at his data, he's learned exactly what he needs to be his most productive self, such as setting the lights to a specific shade or programming the air levels in his bedroom so he can sleep soundly. He's even monitored his heart rate while watching porn to become more aware of his sexual preferences: "I thought I was into certain types of people, but learned what I actually like most." He's also lost more than 100 pounds along the way, just by tracking his daily habits and making small changes to be healthier. More here Advertisers of the day TATA Housing: Tata Housing brings Luxury Homes on the Bengaluru's only private hill Andaz Delhi: Experience Andaz Delhi, a new Luxury Lifestyle Hotel by Hyatt at INR 8,888  Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). SBI to offer 'zero annual fee' credit cards to accounts with Rs 20,000 This is the first major joint collaboration between Arundhati Bhattacharya-led SBI and SBI Card after the bank hiked its stake in the joint venture. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Taxman conducts survey at Centrum over forex business “Income tax officials visited Centrum for a survey on its foreign exchange business, to verify client KYCs which were all handed over to them,“ said a spokesman at Centrum Group. Franklin Templeton leads foreign bets on India bonds as local investors see losses Overseas investors have poured Rs23,720 crore into government and corporate rupee bonds in March, the most since January 2015 How far have women gained from India’s growth story? While health outcomes have improved, the economic status of women hasn’t shown much improvement Tiger Global sinks teeth into Flipkart, Snapdeal merger Softbank is planning to invest up to $1.5 billion in the combined entity for a 15 per cent stake A stronger rupee is luring foreign funds to Indian bonds A foreign investor’s rupee investment today will fetch him a higher interest rate later (on the premise that RBI is done with rate cuts), and as the rupee depreciates, it will fetch more dollars PE giant Providence to pull out from India Mumbai: Global risk investor Providence Equity Partners, managing assets worth $50 billion in private equity and credit businesses, is exiting India at a time when its peers Carlyle Group and KKR are in the midst of hectic investment activity in Asia's third largest economy. The changing attitudes towards corporate social responsibility A new generation of Indian business leaders is busy changing the perception that business is antithetical to societal needs. Just how deep is the transformation? Revised GST legislation may pinch working capital of industries The revised draft of the GST bills tabled in Parliament could put pressure on the working capital of industries and spark greater litigation in the coming years Licious raises $10 million from Mayfield, others Bengaluru’s gourmet meat start-up Licious had previously raised angel funding and Series A funds of $3.5 million from 3one4 Capital and Mayfield Capital Atria Power in talks to raise $100 million in structured debt from Piramal Atria, backed by marquee investor GE Energy Financial Services, is seeking to expand capacity and repay investors with the proceeds State Bank of India to complete merger of six banks in three months State Bank of India, which would start merger process of five associates and Bharatiya Mahila Bank from April 1, expects integration to be completed in three months. SBI to raise stake in SBI Card to 74% by June-end The board of SBI has already given approval for hike of the bank's stake in its two credit card joint ventures with General Electric Company to 74 per cent. Byju’s raises $30 million from Verlinvest Edutech start-up Byju’s has raised $30 million from Brussels-based family firm Verlinvest to expand its education technology business Esaf Small Finance Bank eyes Rs 5,000 crore business in first year As an MFI, the company is present in 11 states, which includes all the Southern states, barring Andhra Pradesh and Telengana. Cairn India, Vedanta get all approvals for merger except RBI nod The Scheme will be made effective and record date for issue of the Company shares pursuant to the Scheme, would be set upon receipt of the said approval of Reserve Bank of India. Kotak Bank likely to buyout M M Financial Services `Kotak Mahindra Bank may announce buying out Mahindra and Mahindra Financial Services in part cash and part stock deal,” said an investment banker based out of Mumbai. Tencent buys 5% stake in Elon Musk-led Tesla for $1.8 billion Tencent paid about $1.8 billion for 8.17 million shares through Elon Musk-led Tesla’s stock offering and through open-market purchases India to use regional-based model to consolidate public-sector banks Banks Board Bureau's chairman Vinod Rai said that it will avoid branch-based redundancies and create few strong banks in the west, north, south and east SBI spent Rs 775 crore in maintaining Jan Dhan accounts: Santosh Kumar Gangwar Santosh Kumar Gangwar said the number of zero balance Jan Dhan accounts was 5.93 crore as on November 9, 2016, and 6.32 crore as on December 28, 2016. Proposal for district-level virtual networks executable: Kishore Biyani Future Group has applied for a nationwide mobile virtual network operator permit for its brand T24, and has teamed up with Tata Teleservices for offering services. Despite e-comm rise, offline stores generating 91% sale: Study "Despite the rise of e-commerce, the physical stores still draw a significant shopping crowd. In fact, 91 per cent of all retail sales are still in brick-and-mortar stores," a study said. Retail space shrinks due to closure of more malls Quantum of withdrawal higher Flipkart's Sachin Bansal reiterates call for a level-playing field; Amazon India head says it is an Indian company While Bansals comments were not directly addressed towards Amazon's, he has, in the past, accused the company of using India as a ‘capital dumping ground.' Customer being slapped video goes viral, coffee chain promises action A leading coffee outlet chain has said that it would ascertain facts and take action after a video of a consumer being slapped by a lady staffer allegedly over the presence of a cockroach inside a refrigerator went online. Snapdeal's woes show e-commerce isn't doing enough There’s a pattern to why e-commerce start-ups like Snapdeal and ShopClues, or even Flipkart, are suffering  Ciclo Cafe to open 16 outlets by 2020; to invest Rs 60 cr Commerce Ministry considering separate unit for logistics There is no single department or ministry at present to look at all the aspects related to logistics covering various modes of shipment such as sea, roads and railways. Watch: India's IT, telecom and BFSI sectors stare at 1 million jobs cuts over 12-18 months Currently, IT, telecom and BFSI sectors together provide employment to around 60 million professionals Bharti Airtel acquires 4G business to expand spectrum holding in India The Indian telco will own 30 megahertz in the 2.3GHz band once the acquisition of Tikona's 4G business is fully complete. Reliance Jio to offer 120 GB extra 4G data to Jio Prime users Here is what you get if you are not a Prime member. Reliance Jio impact: Telecom sector debt issues raise concerns; government calls urgent meeting The government revenue, lenders and shareholders in the Telecom market in India has been hit badly, and the reported debt that the sector is facing has been valued at Rs 3.5 lakh crore. Amidst rising demand for data, Indian telcos want as much 4G spectrum as possible Indian telcos looking to get maximum 4G spectrum to meet rising demands Hindustan Unilever vs Amul: Much ado About Nothing Hindustan Unilever has filed a petition against Amul parent GCMMF saying its ice-cream ads disparages so-called frozen desserts and should be removed Nobel Hygiene to boost diaper capacity Adult diaper maker plans facilities in North India as well as outside the country CCI clears acquisition of J J's two brands by ITC In a tweet today, the Competition Commission of India (CCI) said that it has approved "acquisition of Savlon and Shower to Shower brands by ITC". Britannia forms joint venture with Chipita of Greece As per the agreement, Britannia Industries will hold 60 per cent of total share capital of the joint venture company, while Chipita SA would hold the rest. Amazon Makes Middle East Debut With Souq.com Acquisition The online retail giant beat a rival bid of $800 million by Emaar Malls to acquire Middle East's largest online retailer Souq.com. Rice stocks trade higher: Kohinoor Foods, KRBL, Chaman Lal surge Kohinoor Foods was trading 7.93 per cent higher at Rs 81 around 9.50 am (IST). Aegon, Tullow Oil, Unilever RESEARCH-EUROPE/:EUROPE RESEARCH ROUNDUP- Aegon, Tullow Oil, Unilever Snapdeal may reduce office space in Gurugram to cut costs Snapdeal had leased a total of 480,000 sq ft of office space in the two commercial buildings in Udyog Vihar, Gurugram, developed and owned by ASF Group. Despite E-Commerce Rise, Offline Stores Generating 91% Sale: Report "Despite the rise of e-commerce, the physical stores still draw a significant shopping crowd. In fact, 91 per cent of all retail sales are still being generated in brick-and-mortar stores," the study released by Zebra Technology said. Flipkart's current investors likely to dilute their stake A lot is happening at the home grown ecommerce giant Flipkart. From fighting in the marketplace for the top slot against amazon, getting new investors in, getting a deal going with Ebay or trying to execute the mother of all e-commerce transactions in India, owners and investors at Flipkart have their hands full, CNBC-TV18's Rukmini Rao has the details. ShopClues unveils Express Payout service for its merchants The merchants can choose the services that they need to grow and enhance their business and also receive guidance from the ShopClues team. 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