Mar 17, 2016 - SBI to offer car finance to Uber drivers

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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 SBI to offer car finance to Uber drivers SBI ties up with Uber to provide instant vehicle financing - The scheme would encourage skilled drivers to become an entrepreneur. Saudi's IDB Group pitches for Islamic finance in India Saudi Arabia-based Islamic Development Bank (IDB) Group will approach the RBI to highlight the benefits of tweaking rules to allow Islamic finance in India. The meeting comes ahead of Prime Minister Narendra Modi’s visit to the Kingdom of Saudi Arabia next month. State Bank of India claims top slot in mobile banking Moody’s Investors Service on Wednesday said State Bank of India’s profitability metric Cash-starved developers tie up with bigger rivals to fund projects Large firms step in as development managers for smaller developers in return for a shareof revenue and profits Rosneft sells stakes in two Siberian oil fields to Indian firms The Russian oil firm will sell stakes in two Siberian oil and gas fields to IOC, Oil India, Bharat Petroleum and ONGC Videsh Finance ministry body recommends steel import duties NEW DELHI An arm of the Indian finance ministry has recommended maintaining import duties on some steel products until March 2018, a government document showed on Wednesday, in a move to support the local steel industry and protect mills from cheaper imports. The government imposed a provisional safeguard import duty for 200 days on some steel products in September 2015 and last month set a floor price on imports to deter countries such as China from undercutting local mills, the first such move in more than 15 years - Firstpost Who will buy Kingfisher House? 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 Aviation will not be a bottleneck to India's economy: Raju Ashok Gajapathi Raju on Wednesday said aviation sector should not become a bottleneck for economic activity and should complement the growth. Kris Gopalakrishnan invests in education start-up Avagmah Avagmah to use the investment to enhance its technology and in customer acquisition Banks put up a united front on stressed assets The message from bankers to the top management of stressed firms was clear: banks are willing to help only if the need is genuine and promoters are doing their bit India Post payments banks may offer DBT of various ministries 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 HDFC Bank launches 'SmartUp' for startups Mumbai, Mar 16 (IBNS) HDFC Bank Ltd., on Wednesday launched SmartUp, a first-of-its-kind dedicated solution for start-ups, to fulfill all their banking needs. Qatar Airways still keen on buying stake in Indigo Qatar Airways group chief executive of Akbar Al Baker says his airline could not invest in IndiGo’s IPO owing to government regulations Infibeam’s uncharacteristic boldness may unnerve IPO investors 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 India's February trade deficit narrows to lowest since September 2013 India's trade deficit narrowed in February to its lowest since September 2013 as exports contracted at a slower pace, with demand remaining weak from Europe. India has been struggling with weak global demand although the blow has been softened by a collapse in its oil import bill. Jewellers plan mega rally in Delhi today Rejecting the Centre’s overture, jewellers have said they would go ahead with their plan to organise a mega rally in Delhi on March 17 in protest against the imposition of 1 per cent excise duty on no High Court has stayed entry tax in Uttarakhand, says Flipkart The interim order — which will be in force until the court makes a final decision — allows Flipkart to not pay any entry tax for now, lawyer Chetan Joshi said. Sellers on ecommerce sites like Flipkart, Amazon, complain of being penalised for returned goods The sellers, none of whom wants to be identified, complain that the marketplaces are not sharing logistics costs or returning commissions. 'Amazon Tatkal to help people sell products online' Amazon Tatkal, which was recently launched, will engage with entrepreneurs, artisans, manufacturers and sellers to help them sell online on the spot. FreeCharge to Roll Out 'Chat and Pay' Feature On Thursday 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. TVS Motor Inks Pact With Snapdeal To Retail Online Cashing in on the growing popularity of e-commerce platform, TVS Motors has entered a pact with online marketplace Snapdeal to retail its products. IoT Revs-Up NASCAR, A Loony Machine Learning Bet In India Video This is Change Log — my semi-weekly observations and links on the intersection of tech, commerce, health, culture and markets   NASCAR racing team Richard Childress Racing is using the Internet of Things to streamline systems and shave milliseconds off lap times. Even the pit crew uses sensors in their torque guns… A new smartphone [...] Parts makers want telecom companies in government access policy Domestic manufacturers complain that they have not been able to increase market access despite having cheaper products. Call drop rates in India averaged 4.73 per cent in 2015 A call drop is when an ongoing call is suddenly interrupted against the wishes of the user.   Google Maps mobile app now offers information on cab services in India Google Maps mobile app now offers information on cab services in India.. India's first mobile cluster to get ready by August 2016 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. Make in India: Homegrown telecom gear makers struggle for market access Local players such as Tejas Networks, Vihaan Networks, Himachal Futuristic Communications and Matrix Comsec together hold only about 5% share. The res..   Flipkarts foray into sports and fitness segment seems to be paying off as the growth in this particular category has doubled in the last six months Online retailer Flipkart’s foray into sports and fitness segment seems to be paying of Capital Float launches a new program specifically targeted at women entrepreneurs across India, to drive the women entrepreneurship initiatives Under the initiative, women entrepreneurs can apply for collateral-free working capital with zero processing fees, with a short turnaround time of two days for loan approval. The first e-commerce IPO in the country: 10 things to know about Infibeam IPO Infibeam is considering tapping the equity markets with a Rs 450 crore issue, the first e-commerce IPO in the country 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 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  Taiwan-based Foxconn’s acquisition of Japan’s electronics maker Sharp Corp delayed Taiwan's Foxconn is seeking guidance from Japan's Sharp Corporation on its latest quarterly performance as part of its efforts to finalize a planned acquisition of the ailing electronics maker, a person familiar with the matter said. New technology lets smart devices track your finger in mid-air Scientists, including those of Indian-origin, have developed a new sonar technology that allows you to interact with mobile devices by writing or gesturing on a tabletop, a sheet of paper or even in mid-air. 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. Apple opens News app to all publishers in bid for more readers Apple’s News app, which is installed on all iOS devices, is now open to all publishers. When it launched in fall 2015, News app’s publishing tools were.. Google announces integration of cab hailing apps : Will show Ola, Uber cabs information on Maps 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. Datawind wins the tablet PC race in Q4, Samsung full year leader Print Live 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. Social networking giant Facebook eyes big growth in Asia despite India saying no to Free Basics Despite India saying no to Free Basics and going for net neutrality, the social networking giant eyes big growth in Asia than any other parts of the world. Wipro, Schneider Electric tie up to develop Smart City solutions Both organisations will jointly develop solutions in the Smart City space for India and global markets, Wipro said in a statement. Smart Cities have a strong and equal play of operational technology (OT) along with information technology to provide convergent solutions, it said. India's tech sector boosting female jobs : 51% of entry level jobs went to women in 2015 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 On-demand concierge service Qlivery raises $230,000 from Hong Kong-based Swastika Qlivery has raised $230,000 from Hong Kong-based Swastika. "Funds raised will be utilised to expand the team, geographical reach and add customers. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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