State Bank of India, the country's largest lender with 213,000 employees, has roped in Harvard Business School for performance appraisal of its middle and senior management. All employees above the deputy general manager and up to deputy managing director's level now necessarily have to take 10-20 e-modules linked to their performance appraisal.

An employee can earn up to five points in the overall performance appraisal, which is of 100 marks, if they clear all the mandated modules. Training via e-modules has been made mandatory for SBI officers.

The best thing about Jeff Bezos, the founder, chairman, president and chief executive of Amazon, is that he doesn't give a hoot to what anybody else thinks. The worst thing about Jeff Bezos is that he doesn't give a hoot to what anybody else thinks.

Practically from the moment Amazon went public in 1997, Wall Street has pleaded with Bezos to generate more profits. He has ignored those pleas, and has plowed potential profits back into the company. Bezos believes that if Amazon puts the needs of its customers first -- and no company is more maniacally focused on customers -- the stock will take care of itself. That's exactly what has happened. That is the good side of Bezos' indifference to the opinion of others.

MUMBAI: A Reserve Bank of India panel has recommended conversion of Urban Cooperative Banks (UCBs), which have a revenue of more than Rs 20,000 crores into regular banks.

The recommendation has been made with the objective of allowing UCBs to grow and proliferate further for financial inclusion.

Apple is offering iPhone 6+ owners the opportunity to replace the iSight camera on their device for free, after the U.S. company found that “a small percentage” of models produce blurry images.

The issue, which is related to components inside the camera and does not extend to the iPhone 6, affects “a limited serial number range” that sold between its launch in September 2014 and January 2015. If you bought your Apple phablet between those dates, you can head over to this dedicated website and key in your phone’s serial number (find it here) to check whether your iPhone 6+ is affected.

San Francisco: Google and Twitter announced on Friday their partnership placing tweets in online search results has been extended to desktop.

Confirmation came in a tweeted exchange between the two US tech firms.

New Delhi: Country’s largest carmaker Maruti Suzuki India has hiked prices of all its products by up to Rs9,000, except that of newly launched premium crossover S-Cross, citing changes in dealer margin.

The average hike in the ex-showroom prices, with effect from 11 August, across models ranges from Rs3,000 to Rs9,000, a Maruti Suzuki India (MSI) spokesperson said.

Mumbai: The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs387 each, the company said, a 2% discount from Friday’s close.

At the floor price, the 10% stake sale in the company will bring in Rs9,396 crore ($1.4 billion) for the government.

Tracking mobile phone data can help predict how infectious diseases will spread seasonally, a large-scale study has found.

Researchers from Princeton University and Harvard University used anonymous mobile phone records for more than 15 million people to track the spread of rubella in Kenya and were able to quantitatively show for the first time that mobile phone data can predict seasonal disease patterns.

Centre today hiked the minimum export price of onions sharply by $275 per tonne to curb shipments and boost domestic supply to control spiraling retail prices that have soared to Rs 80 per kg.

The decision to increase onion MEP to $700 per tonne from $425 is taken as prices of onions at both wholesale and retail levels have been rising on lower output due to unseasonal rains earlier.

While payments banks are not a threat to the existing universal banks, State Bank of India (SBI) will strengthen its low cost credit delivery model in the wake of the rural outreach of the upcoming entities.

"The kind of remittance services that the payments banks will offer, universal banks already have that in place. Moreover, the payments bank will not be able to provide any credit history to the borrowers. The only way they have an advantage is their access to remote and inaccessible parts due to lower cost of operations. SBI is also coming up with a low-cost model to reach the unbanked areas," Chairman Arundhati Bhattacharya said.

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