NEWS 
March 30, 2016 Inoperative EPF accounts to earn interest from 1 April
EPF accounts are deemed inoperative when there is no contribution for 36 months. Such accounts stopped earning interest from financial year 2011-12. Photo: Ramesh Pathania/Mint New Delhi: The government on Tuesday reversed a five-year-old decision and announced that inoperative employees provident fund (EPF) accounts will earn interest, a move that will cheer millions of workers. […]
NEWS 
March 30, 2016 Supreme Court allows Sebi to sell Sahara properties
Supreme Court has allowed Sebi to initiate sale of the properties to raise bail money for Sahara chief Subrata Roy. Photo: Hindustan Times New Delhi: The Supreme Court on Tuesday asked the capital market regulator to initiate the sale of Sahara group properties to raise the money payable by group chief Subrata Roy for his […]
NEWS March 30, 2016 Will Flipkart, Snapdeal, Amazon, Paytm have to stop online discounts?
Photo: Pradeep Gaur/Mint Bengaluru: One would expect Internet companies to cheer the fact that India allowed foreign direct investment (FDI) in e-commerce marketplaces on Tuesday. As usual, however, the devil is in the details, in particular two conditions attached to the approval of FDI in e-commerce. One, no group company or seller on a marketplace […]
NEWS March 30, 2016 Softbank Ventures Korea invests in True Balance
The investment will help True Balance expand to the 15 telecom circles in India. New Delhi: Softbank Ventures Korea, the venture capital arm of Japan’s SoftBank, has invested an undisclosed amount in True Balance, a mobile app that keeps users updated about their prepaid mobile account, the company said in a statement. It will use […]
NEWS March 30, 2016 Govt defines e-commerce marketplace rules, allows 100% FDI
The government notification on e-commerce models is expected to redefine the way online retail is done in India. Photo: iStockphoto New Delhi: The government on Tuesday allowed 100% foreign direct investment (FDI) in online retail of goods and services under the so-called “marketplace model” through the automatic route, seeking to legitimize existing businesses of e-commerce […]
NEWS March 30, 2016 HealthEminds raises funds via angel round led by cricketer Robin Uthappa
HealthEminds connects counselors, psychologists and coaches to individuals in need through secure video, telephonic and chat communication systems through its platform. Bengaluru: HealthEminds Pvt. Ltd, a healthcare start-up which focuses on providing instant and affordable online counselling programmes for mental and emotional health, has raised an undisclosed round of angel funding led by cricketer Robin […]
NEWS March 30, 2016 Samsung Pay launches in China; Myntra to take over Forever 21’s retail chain
Photo: Priyanka Parashar/Mint What the world is talking about China’s top three web browsers made user data vulnerable, says report China’s top three Web browsers collected and transmitted data in insecure ways, making hundreds of millions of users’ personal information vulnerable to unauthorized access, according to a report by a Canada-based human rights research group. […]
NEWS March 30, 2016 Indian start-ups counting on rural reach to boost e-commerce
Photo: iStock Bangalore/New York: Indian entrepreneurs must do a better job reaching small towns and villages at home before setting their sights on international expansion, speakers on a panel at Bloomberg’s India Economic Forum said. “We haven’t even scratched the surface yet” in India, said Radhika Aggarwal, co-founder and chief business officer of online retail […]
NEWS March 30, 2016 Why Saama sold its Snapdeal stake
Photo: Pradeep Gaur/Mint How do you like the view?” asks a beaming Ash Lilani as he strides into the conference room at Saama Capital India Advisors’ Bengaluru office on a February afternoon. The “view” Saama’s co-founder is asking about is a trophy wall of sorts adorned with plaques that sport the logos of the venture […]
NEWS March 30, 2016 Apoorva Patni plans to invest Rs100 crore in healthcare sector
Apoorva Patni, son of Patni Computers co-founder Ashok Patni, plans to deploy nearly Rs.100 crore in the healthcare sector through his fund Currae Healthtech Fund. Patni, who has invested about Rs.10 crore in seven healthcare technology start-ups since 2015, plans to expand the fund’s portfolios to 20 companies with an expected investment of about Rs.100 […]
ELECTRONICS 
March 30, 2016 Oculus Treats Steam Games as “Second-Class Citizens”: Gears of War Developer
You’d think that PC platform owners would learn following Microsoft’s shellacking at the hands of developers for its poor UWP implementation that threatens PC gaming as we know it. But if the latest slight at an audience that thrives on openness and customisation is to be believed, it was simply the first of many. With […]
NEWS 
March 30, 2016 Japan’s NTT Data Agrees to Buy Dell’s IT Services Unit for $3 Billion
Japan’s NTT Data Corp said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow US computer maker Dell to trim some of the $43 billion in debt it is taking on to fund […]
