E-shoppers need to check the right mix of EMIs& discount rates to maximise gains (ET)

Equated monthly installment (EMI) schemes for online retail consumers have been around for quite some time. To make them more attractive, several banks have started clubbing EMI facility with a flat discount on the final cart value. This helps in reducing the sale value of products.

However, consumers need to understand that the effective discount rate after considering the interest rate on the EMI scheme will be lower than the headline discount rate and will depend upon the tenure of .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46740097.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Minor dip likely, but time ripe to enter Dalal Street, feel experts (ET)

MUMBAI: Is this a good time to enter the stock market? The answer seems to be in the affirmative, albeit allowing for the usual caveats and the observance of abundant caution. Investors who missed out on the recent rally and kept their gunpowder dry waiting for the right moment could, for instance, look for stocks that were battered in the recent decline.

And what about the indices? A majority of 26 leading market participants in a poll conducted .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46739064.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

BizQuizShethra #7

BizQuizShethra #7

13. Parafin (Chile), Kaz (Jordan), Nafta(Poland) and Fotogen (Sweden). How do we better know in India?
Ans: Kerosene

14. Which Indian group has in-house magazine called “Namaste” ?
Ans: ITC

Learning Facilitator

Prof. M. Subramanian

prof.ms14@gmail.com

Section 66A of IT Act in focus: What Parliament should remember when making laws for a teenage nation (ET)

In 1996, I was a television reporter covering white-collar crime and arrived at what I thought was an exciting tip for a big story. The BBC had carried a suitably cross-continental investigative story of how many stolen and smuggled artefacts from third world countries ended up being auctioned by Sotheby's.

Somewhere in the slipstream of the snippets was the name of a Bombay shop that sold antiques and curios in Colaba, the main tourist district. I prepared an early television's rag tag .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46728468.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

India to become world's 3rd largest automobile manufacturer by 2020, says Ford MD David Dubensky (ET)

COIMBATORE: India's automotive industry is expected to reach 7 million vehicles milestone by 2020, making the country the third-largest auto manufacturer in the world, behind the US and China, a top official at Ford Motor has said.

The automotive sector has a direct bearing on the economy with a near 7 per cent contribution to the GDP, playing an important role in the development of other crucial sectors as well, David Dubensky, President and Managing Director, Ford Motor Private L .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46734961.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

BizQuizShethra #6

BizQuizShethra #6

11. Wi-Fi is an Acronym. Expand it now?
Ans: Wireless Fidelity

12. Which company’s name is derived from the English word “legend” and the Latin word for “new”?
Ans: Lenovo

Learning Facilitator
Prof. M. Subramanian
prof.ms14@gmail.com

BizQuizShethra # 5

BizQuizShethra #5

09. Wallace Hume Carothers, Julian Hill and Other researchers’ work for Du Pont Chemicals which product?
Ans: Nylon.

(These researchers studied chains of molecules called Polymers, in an attempt to find a substitute for silk. Pulling a heated rod from a beaker containing carbon and alcohol-based molecules, they found the mixture stretched and, at room temperature, had a silky texture. This research work culminated in the production of Nylon at the end)

10. In old video tapes, what does VHS stands for?

Ans: Video Home System

Learning Facilitator

Prof. M. Subramanian,

prof.ms14@gmail.com

NITI Aayog to set up working group on Centrally Sponsored Schemes (ET)

NEW DELHI: NITI Aayog will set up a working group to prepare a draft report on how to make implementation of Centrally Sponsored Schemes (CSS) more effective by taking into account suggestions made at the first meeting of the sub-group of Chief Ministers here today.

"We have decided to set up a working group under NITI Aayog CEO Sindhushree Khullar to prepare a draft report on the suggestions made by various Chief Ministers in the meeting," said Madhya Pradesh Chief Minister Shivraj  .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46715159.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Wipro doubles down on banking customers, rejigs the unit (ET)

BENGALURU: India's third largest software exporter WiproBSE -3.45 % has undertaken another reshuffle in its key banking, financial services and insurance (BFSI) business, by splitting the unit between two leaders -- one overseeing the US and other key markets and the other overseeing Europe and South Africa. 

In an internal announcement early on Friday, Wipro said that Angan Arun Guha who currently is the global head of the Citigroup business unit at the company will head North Americ .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46715576.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Zero-interest EMIs on portals like Flipkart, Amazon, Snapdeal & others may make NBFCs heroes (ET)

KOLKATA: Online shopaholics will soon have one more reason to avoid the crowd.

Non-bank finance companies are working on interest-free installment plans for online purchasers. The EMI option is likely to be offered in the next six months, said industry executives with knowledge of the matter.

This option is now available only for buying from large brick-andmortar stores.

Bajaj FinanceBSE -0.56 % is leading the initiative and is a developing a payment gateway to suit t .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46694890.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Narendra Modi government in final lap to approve IIM Bill (ET)

NEW DELHI: Almost a year after it came to power, the Modi government is in the final lap of approving its first substantial education legislation. ET has learnt that the HRD ministry dispatched the Indian Institutes of Management Bill, 2015, to the Union Cabinet on March 11. 

"The proposed law is expected to come up for Cabinet approval before the budget session of Parliament resumes on April 20," said a senior ministry official. 

The IIM Bill, 2015, aims to empower the 13 premi .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46695662.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Can chairman Cyrus Mistry rescue Tata Motors, which is grappling with challenges? (ET)

While the who's who of Europe's car makers paraded their next big launches at the 85th edition of the Geneva International Motor Expo early this month, Cyrus Mistry, chairman of the $103-billion Tata Group, was quietly taking in the proceedings.

With son Zahan by his side, Mistry was spotted getting in and out of cars, asking attendants questions not unlike ordinary automotive enthusiasts, and absorbing style cues.

Cars have been taking a fair bit of Mistry's time this past  .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46694582.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

BizQuizShethra #4

BizQuizShethra #4

07. Which email service provider is first to add “inverticons” to its email service, whereby users can express emotions via email?
Ans: Hotmail

08. Which was the 1st Life insurance company set up in India?
Ans: Oriental Life Insurance Company. (This was the first life insurance company established in India in 1818 to provide insurance cover for widows of Europeans. The first Indian company insuring lives at standard rates was Bombay Mutual Life Insurance Company, formed in 1870)

Learning Facilitator
Prof. M. Subramanian,
prof.ms14@gmail.com

Legal experts have mixed responses over abolition of Section 66A (ET)

BENGALURU: The Supreme Court striking down Section 66A of the Information Technology Act, 2000 - which allowed law keepers to make arrests for posting objectionable virtual content - has brought cheers and worries to legal experts in Bengaluru, the IT capital. 

The apex court on Tuesday said Section 66A clearly affects the right to freedom of speech and expression enshrined under the Constitution. 

The immediate ramification of this is that posting "offensive" comments online i .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46683197.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Outsourcing Price War: Infosys, Wipro under pressure to drop prices to retain clients like Amex, Home Depot (ET)

BENGALURU: Top software service exporters are under pressure to drop prices to retain contracts with marquee customers such as American Express and Home Depot that are up for renewal this year, according to executives and experts involved in the contract negotiations.

Rates have fallen by double digits for some of the biggest customer accounts in the past six months, with companies such as InfosysBSE -0.91 % and WiproBSE 1.14 % sacrificing profit margins to gain market share and inc .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46682057.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

BizQuizShethra # 3

BizQuizShethra #3

 05. Who coined the term "Kaizen"?
Ans: Masaki Imai

06. "Bat-Mobile" - What is this?
Ans: 24hrs mobile (on the road) service by Exide Batteries

Learning Facilitator
Prof M Subramanian,
prof.ms14@gmail.com

BizQuizShethra #2

BizQuizShethra # 2

3. Which brand appears in the bats of Virat Kholi and Shikar Dhawan?
Ans: MRF

4. Which idea was promoted by Govt of Dubai to promote their trade in their region?
Ans: Dubai Shopping Festival

Learning Facilitator
Prof. M. Subramanian
prof.ms14@gmail.com

SEBI to tap social media (ET)

NEW DELHI: Tasked with greater powers and gearing up for a larger role, markets regulator Sebi today said it is framing new norms to help young entrepreneurs raise funds through crowdsourcing and listing of start-ups, while it plans to tap social media in a big way to help investors. 

Besides, the regulator would further streamline its enforcement process to ensure uniformity in its approach and improve the efficiency of its enforcement proceedings across the organisation. 

The  .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46652701.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

India To Train military personnel of 38 countries (ET)

BHUBANESWAR: Defence Minister Manohar Parrikar today said India was planning to export defence materials and training military personnel of at least 38 countries. 

"At least 38 countries are sending their defence personnel for training in India. We are encouraging them. We are giving them more slots. We are also considering to supply some sort of defence materials through export or through line of credit to the countries so that they can depend on India for their defence," Parrikar to .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46657051.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Frauds worth Rs 11,022 crore detected in PSU banks during April-December (ET Article)

NEW DELHI: PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.

An analysis of the data available with the Reserve Bank shows fraud cases, involving amount of Rs 1 lakh and above, in 26 state-owned banks during April-December 2014 has already surpassed the 2013-14 figure.

In 2013-14 fiscal, there were 2,593 such cases involving an amount of Rs 7, .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/46652074.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Welcome Note

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Great day.

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Primary Learner,
Prof. M. Subramanian,
prof.ms14@gmail.com

Biz-Quiz Shethra # 1

BizQuizShethra # 1

1. "The world is our home, you are our guest " is punchline of which airline?
Ans: Etihad Airways

2. Which Indian business daily has tie-up with Wall street Journal?
Ans: Mint

Learning Facilitator
Prof. M. Subramanian
Email: prof.ms14@gmail.com