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Business news


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Business News for 29-11-2017

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Business news

  1. 1. BUSINESS NEWS 29-11-2017
  2. 2. BUSINESS NEWS HEADLINES  Paytm aims to make e-bank no. 1 in digital space globally .  Softbank offers to buy UBER shares at 30% Discount.  Gender equality key to GDP growth.  Customer care rests on your last FB post.  TCS eyes schools for digital-exam biz boost.
  3. 3. PAYTM AIMS TO MAKE E-BANK NO. 1 IN DIGITAL SPACE GLOBALLY .  Paytm payments Bank aims to become the world’s largest digital bank with 50 Lakh account.  The mobile-first bank has planned an investment of $500 million is know your customer operations  On Tuesday, it was formally launched in the capital by PAYTM founder and CEO Vijay Shekher Sharma  Paytm payments bank will provide zero balance accounts and zero digital transactions charges to its users, who will able to withdraw cash from any ATM.
  4. 4. SOFTBANK OFFERS TO BUY UBER SHARES AT 30% DISCOUNT.  Softbank group and a group of investors are trying to buy a stake in UBER technologies at a sizeable discount to the company's %69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company.  Softbank and partners including investment firms Dragoneer Investment Group and General Atlantic, are offering to spend more than $6 billion for a stake that would value the ride- hailing company at $48 billion, or about 30% lower than the valuation it fetched in its most recent round of fundraising, according to people familiar with the deal.  Locking in the investment from Japan’s Softbank has been a top priority for new Uber CEO Dara Khosrowshahi, who sees the deal as a chance to close ift and land a powerful new ally
  5. 5. GENDER EQUALITY KEY TO GDP GROWTH.  Equal representation of men and women in all business is the key to a country's GDP growth, John T Chambers, chairman of IT giant CISCO, said on Tuesday, underlining gender inequality as a pressing ,” moral and social issue”.  Chambers, who also helms the US-India strategic partnership forum (USISPF) as chainman said, “ there is an incredible opportunity for us if we empower women, promote their inclusion across all industries and remove barriers for female entrepreneurs.
  6. 6. CUSTOMER CARE RESTS ON YOUR LAST FB POST.  Whether you’re put on hold or attended to immediately by customer service staff could depend on your last tweet, Facebook post or Instagram picture,  Companies are looking at what customers post on social media to determine their mood, and treat them accordingly.
  7. 7. TCS EYES SCHOOLS FOR DIGITAL-EXAM BIZ BOOST.  With an aim to boost its digital assessment business in the long term, it major TCS plans to reach out to schools now.  Currently, TCS ION the digital assessment business arm with 180 exam centres spread over 150 cities, offers services for more than 80% of the total fraud-proof and fast digital assessment in India  It has 300 plus clients like IIMs, IITs, AIIMs, advanced Jee, GATE, B-Schools, banking, Law, Government and rail recruitment boards.