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Snapdeal claims no payment due to sellers on its platform Snapdeal said today that it does not owe money to sellers on its platform, in response to the allegations of a seller group, which sought government intervention to stop Snapdeal’s impending merger with Flipkart until it settles their payment dues. Snapdeal claims that payments to sellers are made six to ten times per month and typically sellers receive the same within three to five days of the sale of their goods and that there are no outstanding amounts due in this regard.
Read more at Thenextweb.

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Maruti Suzuki Dzire 2017 launched; priced between Rs 5.45 – 9.4 lakh One of the most consistently high-selling models for the company in the country, bookings for the new Dzire had been opened earlier this month at a token amount of Rs 11,000. The company has said that the response has been strong because of what is on offer.
Read more at The Economics Times.

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Vijay Mallya arrested in London Embattled businessman and loan defaulter Vijay Mallya was arrested on Tuesday by Scotland Yard on an extradition warrant by India. He will be produced before the Westminster Magistrates' Court later in the day.
Read more at The Hindu Business Line .

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Amazon India launched online training programme ‘Classroom’ for new sellers E-commerce major Amazon India has launched an interactive online training programme christened Amazon Classroom to impart online selling skills to new sellers. The programme, which is open to sellers less than a month old on Amazon.in, functions as a virtual classroom and focuses on areas such as order processing, adding products and managing returns, all elements that are required to operate a successful online business.
Read more at the Hindubusiness Line.

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SBI merged with its 5 associate banks, become one of the top 50 banks in world The State Bank of India (SBI) has merged its operations with its four associate banks and the Bharatiya Mahila Bank, in a move that will create one of the top 50 banks in the world. State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides Bharatiya Mahila Bank (BMB), merged with SBI with effect from April 1.Read more at The hindubusiness Line.

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ICICI Bank partners Truecaller for UPI-based mobile payment ICICI BankBSE 1.81 % has partnered with Truecaller to launch a UPI-based mobile payment service called ‘Truecaller Pay’. The new feature called as Truecaller Pay, it will allow users of the app to instantly create a UPI id, send money to any UPI id or a mobile number registered with the BHIM app.
Read more at The Hindu.

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Karur Vysya Bank receives the ‘best small bank 2016′ award Karur Vysya Bank has been adjudged the ‘Best Small Bank for 2016’ (balance sheet size of less than Rs. 1-lakh crore).K Venkataraman, Managing Director, KVB, received the award from Sudhir Munguntivar, Minister of Finance and Planning, Government of Maharashtra, at a function in Mumbai. This is the eighth award won by KVB in the current fiscal.
Read more at KVB.

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Union Petroleum Ministry Launched MoPNG E Seva Minister of State for Petroleum and Natural Gas, Shri Dharmendra Pradhan launched MoP&NG e-Seva. It is a dedicated grievances redressal platform on Social Media for all queries and grievances relating to Oil and Gas Sector. This portal will be a single point interface for all customers to reach out to the government for addressing their feedback or grievances related to Oil & Gas Sector on social media. MOPNG e-Seva will also deliver 24 x 7 support for consumers.
Read more at Press Information Bureau.

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Walmart open 50 new stores and create 40,000 Job Opportunities in India US-based multinational retailing Corporation Walmart has decided to open 50 new stores across India, half of which will be located in Uttar Pradesh and Uttarakhand in next three – four years. Currently, Walmart has 20 stores in India and planning to open 10 stores each in Maharashtra, Andhra Pradesh and Telangana.
Read more at Indian CEO.

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Xiaomi Aims To Create 20,000 Jobs In India Over next 3 years Chinese technology major Xiaomi's founder Lei Jun said, India was one of the important markets for the company and it aims to create 20,000 jobs in the next three years. Xiaomi entered India in July 2014 and last year, Xiaomi logged $1 billion in revenue in the country. After entering India, the company opened its first plant in August 2015 and by March 2016, over 75 per cent of its phones were being manufactured in India.
Read more at NDTV.