Fujitsu Launches Solid State Drives

After the recent Fujitsurelease announcement of cheap SSDs made by Intel, Fujitsu also announced its entry in the field of solid state drives. At present, there are two major established companies in the SSD market i.e. SanDisk and Samsung. Fujitsu Computer Systems introduced this offer for the first time as an option in its ultra-portable computers. With this offer, the machines are expected to become more durable for work in the field.

Bajaj, Allianz Signs Up 50-50 Partnership For MFs, Loans

Bajaj AllianzBajaj Auto and Allianz annunciated the partnership plan for distributing credit cards, mutual funds, home loans and personal loans.

Unlike the former joint ventures for their insurance business, the novel partnership plan is a 50-50 partnership between the two companies.

The company-Bajaj Allianz Financial Distributors will have a paid up capital of Rs 2.4 crore. It will allocate financial products of different asset management companies, banking and non-banking (financial) institutions.

The recently made venture is yet in discussions with parties and did not reveal the products it will be dealing out.

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Indians Go For Credit Cards Rather Than Debit Cards

Credit CardsThe credit card market is emerging at a rapid velocity in India. The RBI’s latest monthly report reveals that approximately, one-fifth of the total retail electronic payments is being conceded through credit cards, whereas, debit cards’ share is just 4%.

The Metro cities like Delhi and Mumbai are highly penetrated by credit cards. The credit card issuers found excellent business prospects in Kolkata, Bangalore, and Hyderabad as well because of their IT/ITeS groups. With increase in the number of commercial activities and the growing swanky malls in smaller cities give bankers another target for their credit card market.

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