Snapdeal acquired smart gifting technology portal Wishpicker.com

India’s leading online marketplace, Snapdeal.com acquired smart gifting technology portal, Wishpicker.com from Noida-based Wizmunk Gifting Services Pvt Ltd. This is the 5th acquisition of the e-commerce major, “Snapdeal.com”. Snapdeal’s previous acquisitions: Doozton: Fashion & lifestyle product discovery site. Shopo: Online marketplace for handcrafted products. esportsbuy.com: Online sports goods retailer. Grabbon: Group buying site. Purpose: The…

RBI tightened norms for NBFCs

  The Reserve Bank of India (RBI) tightened rules for Non Banking Financial Companies (NBFCs) related to minimum net owned funds, deposit acceptance ratio, capital norms, asset classification rules, corporate governance, etc. Key changes to NBFCs regulations NBFCs will be required to mark a loan as bad loan if the interest has not been paid for…

“DOSTI – XII”: Joint exercise by Indian Coastguard with Maldives and Sri Lanka

 The tri-lateral coastguard exercise, “DOSTI-XII” conducted jointly by Indian Coast Guard, Sri Lankan Coast Guard and Maldives National Defence Force (MNDF) at Male, Maldives from Oct 28-31,  2014. Purpose: To strengthen bonds of friendship and enhance mutual operational capabilities and cooperation between three Coast Guards in the Indian Ocean, in the areas of maritime Search…

Its’ official: Bangalore now Bengaluru.

On the 59th anniversary of the formation of Karnataka, the IT capital of India, Bangalore will now officially be known as “Bengaluru”. Apart from Bangalore, Mysore will be known as Mysuru, Mangalore as Mangaluru, Belgaum as Belagavi, Gulbarga as Kalaburagi, Hubli as Hubballi, Shimago as Shivamogga, Chickmagalur as Chikkamagaluru, Bellary as Ballari, Bijapur as Vijapura,…