State Bank of India, has partnered with the ecommerce behemoth, Amazon. Under the signed memorandum of understanding (MoU), the partnership will facilitate frictionless payments and commerce solutions for customers and small businesses. SBI said that the small and medium enterprises or SMEs are unable to payback their loans in the given tenure which is due to the economic downturn. With this strategic partnership, SBI can help mobilize business for its SME clients. The businesses under SBI loans will obtain ready sale orders placed on ecommerce portals, along with sourcing raw materials at discounted rates.
Let’s have a look at important developments of the week:
SEBI Ropes In Narayana Murthy To Head Alternative Investment Policy Advisory Committee On Startups
Paving way to its idealisation, the capital market regulator, Securities and Exchange Board of India (SEBI) has roped in Infosys founder NR Narayana Murthy to head 18-member panel committee to advise on policy matters for the new regulatory framework for startups and alternative investment funds (AIFs). The panel is expected to give recommendations to SEBI on issues related to the further development of the alternative investment and startup ecosystem in India. The group is expected to advise SEBI on any matters that might hinder the development of these ecosystems in the country.
Lookup launches Lookup Lite; accessible through SMS and WhatsApp
Lookup uses Chat to disrupt local commerce in India.Now,they have launched Lookup LITE to help connect with the customers through SMS or WhatsApp on the number 9773997739. With a growing partnership network of 7,000 offline stores,including national retailers like Sangeetha Mobile and UniverCell, as well as high end fashion stores such as ZARA and Tommy Hilfiger, Lookup provides the best deals and offers nearby.
Fast Track ready to withdraw CCI complaint against Ola,demands written commitment to stop discounting and Driver Incentives
In a move that could bring a sigh of relief for Cab hailing app Ola, Chennai-based radio cab company, Fast Track has said that it is ready to withdraw a complaint registered with the Competition Commission of India (CCI) against Ola, if it receives a commitment that it will stop discounting and hold down driver incentivisation.It is to be noted that earlier in this month, Fast Track filed a complaint against ANI Technologies, the parent company of Ola.
Online Hiring Platform myNoticePeriod Rebrands As Hiree; Expands Focus To Regular Job Seekers
Bangalore-based online recruitment platform, myNoticePeriod, has rebranded itself as Hiree. The company is now expanding its services from candidates in their notice period to job seekers too. Hence the need for a new name which is ‘Hiree’. With Hiree, the company plans to grow even more faster, add innovative features and deliver further efficiency gains for the users, as told by Manjunath Talwar, Co-founder, Hiree.The company had recently raised INR 18Cr. in series A funding from IDG Ventures and also launched an Android App for recruiters to connect with candidates through call, Whatsapp, SMS, e-mail or schedule meetings for future discussion