Mobile phones are proving to be the Swiss army knife of gadgets. First came banking services. Followed by mobile payments. Now, you get free life insurance. Telenor is one of the first cellular service providers to launch a free insurance scheme for its new and existing customers. Although the cover is meagre, still, it is a… Read More »
Missed a funding round by Tiger Global? Passed over by Catamaran Ventures? Wondering what it’d take to land an angel investor or seed funder when everyone who’s anyone is getting funded? Fret not. Small finance banks are here! Budding and wannabe entrepreneurs can breathe a bit easy now. Late last month, the RBI granted new… Read More »
For the State Bank of India (SBI), the market leader in the home loans segment, old certainly seems to be gold. That is, old customers are gold. Nothing else explains the latest rate tweak by the leading lender, which has kept home loan spreads unchanged for existing borrowers but has increased the same for new customers.… Read More »
The Reserve Bank of India has cut the repo rate (the rate at which it lends to other banks) by 50 basis points, or 0.5%. In a move that caught many sections of investors by surprise, the Fourth Bimonthly Monetary Policy Review of the RBI reduced the repo rate to 6.75%, down from 7.25% earlier.… Read More »
DIY (Do It Yourself) first became a buzzword with the furniture industry ushering in desks, tables and library racks that could be assembled at home by the buyer herself. IKEA became a household name. Literally and figuratively. Next came fashion. ‘Mix-n-match’ became fashion’s DIY statement. Apparel brands no longer dictated what consumers were to wear.… Read More »
First, the good news. Inflation, or rise in prices, has a bloody nose from the pounding it’s been taking this year. While the Consumer Price Index (CPI) based inflation has dipped to 3.66% in August, the Wholesale Price Index (WPI) based inflation has plummeted to -4.95%. In fact, the WPI-based inflation has been floating in negative territory… Read More »
Take 4 minutes to read this article. If you do, you’ve just escaped becoming an accidental death statistic!
Here’s what’s trending in India right now. No, it’s not Aamir, SRK or Sallu – the holy trifecta of Bollywood. It’s H1N1, dengue and cancer. H1N1 is making a comeback in Maharashtra like never before, where there’ve already been 667 deaths this year. To put this in perspective, the last major outbreak was in… Read More »
Markets tumbling. Economies stumbling. Governments bumbling. This is the stuff doomsday scenarios are made of. Not quite the catastrophic global devastation depicted in the Jake Gyllenhaal-starrer ‘The Day After Tomorrow’. Or the Bruce Willis-starrer ‘Armageddon’. But still, cataclysmic all the same. For starters, China, the workshop of the world, is having a severe bout of the… Read More »
Mark your calendars. Better still, mark out the spot outside the nearest Apple store you’ll stake out at dawn tomorrow. The new iPhone 6S and the iPhone 6S Plus are getting launched on 9th Sep. With dazzling new resolutions and tech specs. For starters, the resolution of the 6S has been upgraded from 326… Read More »