By September 1, 2014 0 Comments Read More →

World Last Week: 25 Aug’14 – 31 Aug’14


  • Xiaomi plans R&D centre in India, Bangalore may host local centre for “Apple of China”

Hugo Barra, VP, international ops. “We want to have an R&D centre with actual engineering team who will build features for the Indian market.”

  • PPF investment can beat Sensex returns over 20-year period

Rs 10,000 invested in PPF in August 1994 would have yielded Rs 73,000 now versus Rs 57, 000 in the Sensex.

  • PM Modi “Jan Dhan” Yojana launched; 1.5 crore bank accounts opened in a day

The Jan Dhan Yojana aims to cover 60% of the country’s population that does not have access to formal banking services.

  • PM’s big plan to get education, medical & birth records online in a digital locker

Certificates issued by government now will be stored in individual ‘digital lockers’ so that people don’t have to carry copies of certificates to government offices.

  • New govt to provide online platform for weavers: joining hands with Flipkart to boost Handloom Sector

Flipkart will provide weavers in India online marketing platform, infrastructural support & customer acquisition to scale up their business.

  • Hans-Paul Bürkner, Chairman BCG, ”If India unleashes its full potential, it can grow faster than China”

The next 10 years could be likely to beat even China in terms of growth says BCG chairman Hans-Paul Bürkner.

  • $16 bn group: Tracing the journey of new icons JustDial, Flipkart and MuSigma

Just Dial, Mu Sigma and Flipkart together are estimated to have a valuation of about Rs 1 lac crores.

  • All you need to know about cap on free ATM transactions

RBI has lowered the cap on free ATM transactions and allowed banks to charge customers.

  • If you are earning more than Rs 15,000 in first job, then EPS is not for you

The move is triggered by fears that the hike in the salary ceiling for statutory PF contributions to Rs 15,000 per month from Rs 6,500 per month.

  • Minimum pension of Rs 1,000 under EPFO; wage ceiling up at Rs 15,000

Government’s decision of fixing pension entitlement of Rs 1,000 under the Employees’ Pension Scheme 1995 (EPFS-95) will immediately benefit 28 lac pensioners.

  • SpiceJet offers “festive season” fares for as low as Rs 1888

The airline waived off the convenience fee for customers using Internet banking to make payments on its website.

  • Tata Group’s chairman emeritus, Ratan Tata invests in Snapdeal

Snapdeal entered into a strategic partnership with Tata Value Homes to sell latter’s apartments on its platform.

  • India in multi-year bull market; Sensex seen at 1,00,000 in 10 years

Navneet Munot, CIO, SBI Mutual Funds says, “India has a long way to go. The ingredients for a sustained bull market are very much in place.”

  • Air India website crashes as customers queue up for “tickets for Rs 100″ offer

National carrier Air India’s website crashed on Wednesday when it was celebrating “Air India Day, as visitors flocked to book its Rs 100 tickets.”



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