<img class="gwt-Image" src="/photo/55721559.cms" />Following non-availability of new currency notes, various merchants are rushing to procure Point-of-Sale (PoS) machines. In this backdrop, the banks, including State Bank of India, Union Bank of India, United Bank of India, Canara Bank, Axis Bank and RBL Bank, have approached PoS procuring and manufacturing companies to get <keyword id="3907789" type="UNKNOWN" weightage="20" keywordseo="card-swiping-machines">card swiping machines</keyword> and hand them over to the merchants. 
 
"We have placed an order for more than 40,000 terminals and will be increasing that number subsequently as we have seen a huge jump in the number of enquiries from merchant establishments," Sangram Singh, head of cards and merchant acquiring business at Axis Bank, told ET. 
 
The cost of one PoS ranges between Rs 6,000-10,000, which is often borne by the banks themselves in the case of big merchant establishments that generate significant volume of business such as major retail outlets, because it helps route payments through their platforms. 
 "We are planning to install 25,000 terminals in the next few months as it will not only help in improving our current and savings account balance, but also increase customer convenience," Rakesh Sharma, managing director at Canara Bank, which currently has only 4,900 <keyword id="459467" type="UNKNOWN" weightage="20" keywordseo="POS-terminals">PoS terminals</keyword>, told ET. 
 
"We have received a mandate to install 10,000 terminals from United Bank of India and 20,000 from RBL Bank.We already have around 27,000 terminals deployed for Union Bank of India, which I am sure will also be ramped up," Dewang Neralla, managing director at Atom Technologies, told ET. 
 
There are currently 1.5 million PoS terminals installed in the country. Bankers said one million terminals are likely to be installed in the next six months with the government tracking their installation on a regular basis.

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The world knows <a href="http://www.businessinsider.in/searchresult.cms?query=sunny+leone&amp;sortorder=effectivedate">Sunny Leone</a> as a former adult entertainer, a recent <a href="http://www.businessinsider.in/searchresult.cms?query=sunny+leone&amp;sortorder=effectivedate">Bollywood</a> import and the recipient of the ‘most searched star on the internet in India’ for four years in a row, but that’s not how the 35-year-old wants to be remembered. 
 
Having launched her recent perfume line ‘Lust,’ in <a href="http://www.businessinsider.in/searchresult.cms?query=dubai&amp;sortorder=effectivedate">Dubai</a> barely a week back, the actress is keen to establish herself as an entrepreneur, as well. 
 
Her aim is to create a brand by tapping into various categories. 
 
At the moment, Leone’s recent line of investments includes a franchise for a box league cricket, web-based short stories, and an online game apart from fragrances. She is also keen to enter categories such as shoes, accessories, jewellery and apparels with her own line of products. 
Apart from focusing on Bollywood, the actress who was always interested in business from a young age is keen to expand her brand profile in India. 
 

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In fact, the star remembers how as a child she would put up lemonade stands during summers and shovelled snow in the winters to earn money. 
 
Her official foray into the big bad world of business started with her understanding of adult content as a business industry. But, she wanted more. “I wanted to own a website and run my company and build my brand” she said in an interview and what followed was her handling everything. 
 
In order to manage her website, she learnt HTML, video-editing, photography among others and in the process of doing everything from start to finish, Leone also learnt the harsh reality of website traffic. 
 
“In a digital world, traffic is the best thing you can have. So I learnt where to send this traffic and how to capitalise all of it,” she added. 
 
Over the years, that also included her move to India from Canada, Leone has started believing in slow and steady businesses. By her own admission, she doesn’t believe in fast-paced businesses. 
 
It was only after she decided to participate in <a href="http://www.businessinsider.in/searchresult.cms?query=bigg+boss&amp;sortorder=effectivedate">Big Boss</a> did she realise the enormity of the reach her brand had in the Indian market, which ultimately led to her deciding to move to the country with her husband. 
 
Her goal right now is to start producing movies, but before she does that Business Insider decided to take a look at <keyword id="836886" type="PERSON" weightage="100" keywordseo="Sunny-Leone">Sunny Leone</keyword>’s various businesses- 
 
 
1. Lust perfume line 
 

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Inspired by the <a href="http://www.businessinsider.in/searchresult.cms?query=kardashians&amp;sortorder=effectivedate">Kardashian</a> model, Leone’s perfume line is aimed at the mass market. For the same reason, the price has been kept highly competitive to attract the consuming class. 
 
While the Lust Deo is priced at Rs 249, the Eau De Toilet comes at Rs 999. 
 
The perfume line has been designed by the actress herself, and includes, women perfumes and men and women deos. 
 
The distribution of the products has already begun, both in the online and offline categories. 
 
 
2. Box-league cricket team Chennai Swaggers 
 

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In February, the actress also unveiled her celebrity box league cricket team Chennai Swaggers, as part of a reality show cricket tournament backed by Balaji’s <a href="http://www.businessinsider.in/searchresult.cms?query=ekta+kapoor&amp;sortorder=effectivedate">Ekta Kapoor </a>and featuring well known television stars as players. 
 
Justifying her decision of buying a cricket team, Leone said that though she loved several games, she fell in love with cricket after coming to India. 
 
Chennai Swaggers features a handful of known names from the Television industry that includes Shabbir Ahluwalia, Mouni Roy, Sangram Singh and Ritwick Dhanjani among others. 
 
 
3. <keyword id="465663" type="PERSON" weightage="100" keywordseo="Sweet-Dreams">Sweet Dreams</keyword> 
 

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This year also saw Leone taking to the pen and churning out original mobile-first collection of erotic short stories under the title Sweet Dreamsin association with Chiki Sarkar’s publishing house, Juggernaut. 
 
Released in April this year, one had to sign in one the Juggernaut app on their mobile phones to buy Sweet Dreams. After purchasing the title, all one had to do is sit back, as one short story would be delivered to their phone daily at 10 pm. 
 
Reportedly, Leone finished writing the 12 erotic short stories in a span of three months. 
 
 
4. <keyword id="3490668" type="PERSON" weightage="100" keywordseo="Teen-Patti-with-Sunny-Leone">Teen Patti with Sunny Leone</keyword> 
 

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Sunny Leone also has an online game called Teen Patti to her credit, which was launched in December, last year, in partnership with Gamiana, a game development company. 
 
The game combines two of India's popular hobbies -- Teen Patti and Bollywood. The game allows the players to play different variation of Teen Patti, create private tables for their own unique play sessions gatherings, as well as chat and trade unique gifts with other players. Players can also earn Sunny Leone digital collectibles as they level up.

Meet Sunny Leone, the badass entreprenuer

<img class="gwt-Image" src="/photo/43214980.cms" />MUMBAI/NEW DELHI: With <keyword id="6374198" type="POSITION" weightage="100" keywordseo="BJP-President">BJP president</keyword> <keyword id="6355521" type="PERSON" weightage="100" keywordseo="Amit-Shah">Amit Shah</keyword> issuing categorical instructions to the party’s Maharashtra leaders not to accept anything less than 130 assembly seats from <keyword id="6358821" type="ORGANIZATION" weightage="100" keywordseo="Shiv-Sena">Shiv Sena</keyword>, the 25-year-old saffron alliance is likely to disintegrate, say observers. 
 Both Sena and <keyword id="14666" type="ORGANIZATION" weightage="80" keywordseo="BJP">BJP</keyword> are said to be preparing to go their separate ways. The two parties have asked their cadre to prepare to go solo in the October 15 polls. The state BJP has convened a meeting of senior party functionaries in Mumbai on Tuesday to review the political situation in the wake of the aborted seat-sharing talks. 
 
As it became clear that the alliance was set to walk into the sunset, the two parties began the blame game. BJP state unit chief Devendra Fadnavis accused the Sena of bringing seat-sharing talks to a halt. “You can’t hold negotiations with a person who has closed the doors of his mind,” he told a Marathi news channel. 
 
A key Sena functionary said the alliance is dying an untimely death because of BJP’s Big Brother attitude. “BJP should accept the fact that Sena is a senior ally in the state... We accepted BJP’s ‘Mission 272’ during the LS polls. Why should our ‘Mission 150’ ruffle it?” he asked. 
 
<img class="gwt-Image" src="/photo/43214788.cms" /> 
 
 The Sena did make a feeble attempt earlier in the day to revive the alliance. A close confidant of Sena president <keyword id="53973" type="PERSON" weightage="80" keywordseo="Uddhav-Thackeray">Uddhav Thackeray</keyword> rang up BJP’s poll observer for the state, Om Prakash Mathur, suggesting resumption of seat-distribution talks, sources said. 
 
 
<img class="gwt-Image" src="/photo/43214786.cms" /> Sena BJP leaders at their first poll rally in 1984. (Left to right) AB Vajpayee, <keyword id="6371377" type="PERSON" weightage="100" keywordseo="Bal-Thackeray">Bal Thackeray</keyword>, Ram Naik, <keyword id="38062" type="PERSON" weightage="100" keywordseo="Ram-Jethmalani">Ram Jethmalani</keyword>, Manohar Joshi and Pramod Mahajan. (Picture courtesy — Bal Thackeray: A photobiography by <keyword id="6355257" type="PERSON" weightage="100" keywordseo="Raj-Thackeray">Raj Thackeray</keyword>) 
But Mathur insisted on the party’s formula that the BJP should get 130 seats and the Sena could contest 140. The Sena president’s emissary did not get back to Mathur. 
 
Speculation was rife that the Maharashtra BJP may go for new allies, including the MNS and the NCP. However, BJP leader Rajiv Pratap Rudy scotched talk of any kind of partnership with the NCP. 
 
“Actually, we would want the saffron partnership to survive the present crisis and we are eager to contest the assembly polls as allies. This is the collective wish of the people of Maharashtra. However, should the alliance end, the BJP will contest the election [all 288 seats] on its own. There is no question of cosying up to new friends,” Rudy said. 
 
Thackeray’s Sunday formula, which earmarked 151 seats for the Sena and 119 for BJP, with the remaining 18 seats going to four smaller allies, has been rejected by BJP. “The party is over. But we have no regrets,” said a senior BJP functionary. 
 
Sena and BJP offered completely contradictory versions on reports that Shah had spoken with Thackeray over the phone earlier in the day and urged for reconciliation. While Sena rubbished these reports, Rudy said, “Shah has spoken to the Sena chief, and that itself indicates that we are very, very eager to have the alliance. We won’t pull the plug. We are hopeful a solution will be found.” 
 
<img class="gwt-Image" src="/photo/43214791.cms" /> 
 
 
Sources said neither party wanted to create the impression that it was the one pulling the plug. 
 
Sources in New Delhi said Shah had reiterated to Sena president BJP’s demand for 130 seats, saying the party was prepared to accept the seats which Sena had never won in the last 25 years. Sena is then learned to have improved its offer to 126 seats instead of 119, sources said. 
 
The state BJP, however, said there was no new offer from Sena for more seats. “There is practically no room for fresh talks with Sena as Thackeray has said in no uncertain terms that he would not offer a single seat more to us,” a BJP functionary pointed out. 
 Reports also said Uddhav had spoken to two top BJP leaders—foreign minister <keyword id="6355111" type="PERSON" weightage="100" keywordseo="Sushma-Swaraj">Sushma Swaraj</keyword> and home minister Rajnath Singh—on Sunday to try and find a way out of the impasse. 
 
The saffron alliance’s fate was sealed at the BJP’s Parliamentary board meeting in New Delhi on Sunday, sources said. The state BJP leaders briefed the party president on the Sena’s “haughty” stance on seat-sharing and re-allocation of 59 Sena seats which it has been losing in five consecutive polls. 
 
Shah is believed to have told the Maharashtra leaders to take the final decision on whether or not to continue the alliance. He, however, made it clear that the party should not accept anything less than 130 seats. 
 
Shah is upset with the Sena for several reasons, it is said. First, for ignoring his “come two steps forward” appeal last week. Second, for rejecting the BJP’s 140:130:18 formula. Third, Thackeray announcing the 151:119:18 formula at a Sena conclave on Sunday in full media glare. “Seat-sharing proposals are not announced on TV channels,” remarked state BJP leader Eknath Khadse. 
 
<img class="gwt-Image" src="/photo/43214789.cms" /> 
 Fourth, for referring to <keyword id="71" type="POSITION" weightage="80" keywordseo="Prime-Minister">Prime Minister</keyword> Narendra Modi’s ‘chaiwalla’ antecedents at the Sena’s Sunday conclave. Fifthly, for snubbing Om Prakash Mathur, the BJP’s poll observer in Maharashtra, by sending Aditya Thackeray as the Sena’s emissary to a crucial meeting with Mathur last week. 
 
BJP is keen on retaining the Rashtriya Samaj Party, RPI and Shiv Sangram Sanghatana as allies in the post-Sena era as part of a rainbow coalition of caste-based parties. 
 
Sena tried to put up a brave face in the middle of this crisis in the alliance. “Sena has survived many crises in the past. We will emerge stronger from the present one as well,” said Sena leader Vinod Ghosalkar, an MLA. 
 
Pooh-poohing talks of the MNS joining hands with the BJP, MNS leader Nitin Sardesai, also an MLA, said, “As of now, we would like to concentrate on the polls entirely on our own.”

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Card swiping machines are selling like hot cakes, demand to increase multifold

BI India Bureau

Check out winning candidate list from Maharashtra Lok Sabha elections

BI India Bureau

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BI India Bureau

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BI India Bureau

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BI India Bureau

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Meet Sunny Leone, the badass entreprenuer

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As Alliance Crumbles, BJP & Sena Begin Blame Game

TOI