Trending: Mar 26- Apr 02 : Aditya Puri: Digital banking in a digital India - Business Standard

TradeBriefs Newsletter
View online   Advertise
              from India Finance





Aditya Puri: Digital banking in a digital India
Aditya Puri: Digital banking in a digital India - Business Standard
Products and services have to be tailor-made for individual customers. The mantra is, 'Listen, understand, change'


Indian banking on alert after $81 million stolen from Bangladesh's central bank
Indian banking on alert after $81 million stolen from Bangladesh's central bank - Economic Times
A high-level government official has communicated the security establishments concerns to RBI, urging the central bank to be cautious.


How bankruptcy code will save lenders
How bankruptcy code will save lenders - Livemint
A key design focus in the proposed code is speed of resolution. Delay is disincentivized at various stages


JSW Energy in talks to buy three power assets
JSW Energy in talks to buy three power assets - Livemint
JSW Energy looking at deals with Monnet Power, Jaiprakash Power and Jindal Power, for total capacity of 2,591MW


Tiger Global slows down but VC funding remains vibrant
Tiger Global slows down but VC funding remains vibrant - Business Standard
Saif Partners, Tracxn Labs and Accel Partners emerge as the largest deal makers this year so far


State Bank of India opens first digital branch in North East
State Bank of India opens first digital branch in North East - Daily News Analysis
State Bank of India opens first digital branch in North East - The new digital branch will more efficiency in banking and financial delivery mechanism.


Kstart partners IBM to foster startup ecosystem in India
Kstart partners IBM to foster startup ecosystem in India - The Hindu
To collaborate in mentoring, networking, augmenting roadmaps for new ventures


Distressed India ignites passion of private equity firms
Distressed India ignites passion of private equity firms - Livemint
A surge in bad loans to once-thriving and now defunct companies such as Kingfisher Airlines means there are plenty of turnaround plays to pick from


RBI eases external commercial borrowing norms for infrastructure sector
RBI eases external commercial borrowing norms for infrastructure sector - Livemint
Central bank allows infra firms, NBFCs that lend to sector to raise ECBs with minimum maturity of 5 years


India's external debt went up to $480 billion at end-December: Finance Ministry
India's external debt went up to $480 billion at end-December: Finance Ministry - Economic Times
Indias total external debt inched up marginally to $480.2 billion at December-end compared to March-end last year, finance ministry said in a report.


5 years after split, Honda sets formidable challenge for Hero MotoCorp
5 years after split, Honda sets formidable challenge for Hero MotoCorp - Livemint
Honda has doubled its two-wheeler market share to 26%; Hero MotoCorp has seen its share slide 4.75 percentage points to 38.95%


Vijay Mallya offers banks Rs6,000 crore debt repayment plan
Vijay Mallya offers banks Rs6,000 crore debt repayment plan - Livemint
Honda has doubled its two-wheeler market share to 26%; Hero MotoCorp has seen its share slide 4.75 percentage points to 38.95%


Investor rush to lock into high rates crashes computers at post offices
Investor rush to lock into high rates crashes computers at post offices - Economic Times
Customers in various states, including Maharashtra, Delhi, Gujarat, Telangana, Himachal Pradesh and Madhya Pradesh, complained of computer downtime in post offices.


World's best economy betraying investors as India earnings decay
World's best economy betraying investors as India earnings decay - Livemint
Company profits are on the opposite trajectory, falling in four of the last five quarters in the worst run since the financial crisis



Reserve Bank of India tweaks upcoming lending rate rules
Reserve Bank of India tweaks upcoming lending rate rules - Economic Times
The Reserve Bank of India said on Tuesday fixed-rate loans of up to three years offered by lenders will have to be set based on their marginal cost of funding.


Tata Steel to sell entire UK operation
Tata Steel to sell entire UK operation - Economic Times
Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales.


Supreme Court allows Sebi to sell Sahara properties
Supreme Court allows Sebi to sell Sahara properties - Livemint
The properties to be disposed of by Sebi are estimated to be worth Rs40,000 crore


How CarDekho is planning to redefine car ownership business
How CarDekho is planning to redefine car ownership business - Livemint
CarDekho.com is looking to create an ecosystem that will cater to tech needs of auto firms, dealers and consumers


UTI AMC continues to push for IPO, plans to offload 26% stake
UTI AMC continues to push for IPO, plans to offload 26% stake - Livemint
UTI sponsors PNB and BoB support listing; SBI and LIC want UTI AMC to merge with their own mutual fund business






ICICI Bank puts on hold plans to sell home finance division
ICICI Bank puts on hold plans to sell home finance division - Livemint
Valuation mismatch between ICICI Bank and potential private equity buyers prevented a deal from being struck




Indiabulls Housing announces merger of two subsidiaries
Indiabulls Housing announces merger of two subsidiaries - India Today
Indiabulls Housing announces merger of two subsidiaries


Vodafone in talks with Piramal group and HDFC Bank to offload 49% in payments bank
Vodafone in talks with Piramal group and HDFC Bank to offload 49% in payments bank - Economic Times
Payments banks have to follow the foreign investment rules that cover commercial banks. This means, foreign holding, such as by Vodafone, cant be more than 74%.


SBI launches 'State Bank of India No Queue' Mobile App
SBI launches 'State Bank of India No Queue' Mobile App - Indiainfoline
The bank has taken a step further in its digital journey in the form of this innovative virtual queuing mobile application.


SBI and Bank of Baroda take lead in lowering lending rates based on new formula
SBI and Bank of Baroda take lead in lowering lending rates based on new formula - Economic Times
The measure is estimated to move as much as Rs 1.2 lakh crore of demand for funds to banks from the debt markets, says India Ratings.


Worst loss in five years for Sensex
Worst loss in five years for Sensex - Livemint
Indian equities suffer in 2015-16 as foreign investors pull out of emerging markets in flight to safer havens


India's medical devices startups grabbing the world's attention with advanced and affordable technologies
India's medical devices startups grabbing the world's attention with advanced and affordable technologies - Economic Times
In an industry dominated by global giants, medical devices startups are making inroads with technology thats advanced, affordable and more accessible.


US investment in India has outpaced China since Narendra Modi government came to power
US investment in India has outpaced China since Narendra Modi government came to power - Economic Times
Obama administration has said that the United States has stepped up investment in India since the advent of the Narendra Modi government.


Jawaharlal Nehru Port Trust to raise Rs2,600 crore from DBS, SBI
Jawaharlal Nehru Port Trust to raise Rs2,600 crore from DBS, SBI - Livemint
ICICI Bank, EXIM Bank, Deutsche Bank, Citibank had also given quotations for loan to be split in two tranches with 7.5 years and 10 years tenure


ASSOCHAM pleas equalization levy under Finance Act
ASSOCHAM pleas equalization levy under Finance Act - Times of India
ASSOCHAM today suggested the government to introduce the equalization levy as part of Indian Income-tax Act itself and not as a separate chapter in the Finance Act.


Reliance Jio initial investment at Rs150,000 crore: Mukesh Ambani
Reliance Jio initial investment at Rs150,000 crore: Mukesh Ambani - Livemint
Mukesh Ambani says Jio will help India become among the top ten mobile broadband markets in the next few years, ending the country


India is a home market for HSBC: Stuart P. Milne
India is a home market for HSBC: Stuart P. Milne - Livemint
HSBC is looking at more investments in the digital space in India this year, says Stuart P. Milne


Banks asked to price 3-year fixed rate loans based on MCLR
Banks asked to price 3-year fixed rate loans based on MCLR - Livemint
Introduced by RBI on 17 December, MCLR takes effect from Friday, and the guidelines mandate that banks must price incremental loans using MCLR


Just Dial?shares swing wildly as investors reassess e-commerce prospects
Just Dial?shares swing wildly as investors reassess e-commerce prospects - Livemint
While markets have been volatile this year, Just Dial

Real estate bill set to ease home-buying process
Real estate bill set to ease home-buying process - Livemint
The bill aims to make the sector transparent, give home buyers the advantage and, in turn, lift the market


Industry veterans become top picks of PE funds in India
Industry veterans become top picks of PE funds in India - Livemint
AION Capital Partners joined hands with former GE Capital executives Pramod Bhasin and Anil Chawla to acquire the financial service businesses of GE Capital India


Private equity firm KKR to use $10 billion global pool for India assets
Private equity firm KKR to use $10 billion global pool for India assets - Economic Times
Private equity firm KKR plans to use its global pool of nearly $10 billion to fund acquisition of stressed assets from Indian lenders.


To push Make in India, SBI to open first China desk
To push Make in India, SBI to open first China desk - India Today
The State Bank of India will on Monday for the first time launch a dedicated China desk for potential investors.


Rise of digital transactions forces ATM firms to put IPO plans on ice
Rise of digital transactions forces ATM firms to put IPO plans on ice - Livemint
Chennai-based FSS and AGS Transact have deferred listing plans amid a slowdown in ATM installations


Mobile banking sees dramatic surge in India
Mobile banking sees dramatic surge in India - Livemint
Banks have launched new payment instruments as they seek to prevent customers from moving money to newly emerging non-bank companies.


GoAir awaits Airbus delivery schedule to decide IPO timing
GoAir awaits Airbus delivery schedule to decide IPO timing - Livemint
GoAir has placed an order for 72 A320neo planes; carrier expected to take delivery of its first A320neos by May


Here's what makes India a paradise for startups
Here's what makes India a paradise for startups - Times of India
Accelerators -- which mentor entrepreneurs and help them finesse business plans -- from around the world are entering the early-stage Indian startup scene and making aggressive investments.



How external directors can support growth in family-owned SMEs
How external directors can support growth in family-owned SMEs - Livemint
Outside board members can be particularly effective at coaching and guiding owners to address mental barriers to grow


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Nasty humans teaching machines to do nasty stuff is the real reason why machines might become dangerous to humans. After all, they learn from us (training datasets). Trolls caused havoc with Microsoft's teen chat bot experiment a few days ago. The bot started spewing racist hatred and sexist comments when asked questions, putting Microsoft in an embarassing position. Are our algorithms good enough to detect and prevent the worst human behaviour from influencing our AI-powered friends? Update: Microsoft accidentally opened up Tay again and shut it down after it tweeted that it's smoking marijuana in front of the police! - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
In April last year, 18,452 Indian villages did not have electricity. That number has now dropped to 12,100 as the government implements its electrification plan. The village of Hotasar in Rajasthan is one of the recent beneficiaries. A resident Akbar Pardeshi, has pooled money to buy a second-hand TV that the villagers plan to watch. They already have mobile phones and some are planning to buy refrigerators. Kids look forward to going back to school, as they can now read at night and perform better. Families of nomads who rotated between homes as the climate changed are now thinking of settling in one place, building brick and concrete homes for themselves. Such is the power of electrification! - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Market downturns are the best times for well-run startups. They can work on their core business, without having to worry about getting outpriced by flash-in-the-pan heavily-funded competitors. Bigbasket stuck to its core mission of getting an expanding assortment of groceries to you as quickly as possible and investors now want a bigger piece of that action. The grocery business with its issues of high number of SKUs, stockouts, low shelf life and notoriously low margins is a tough space to operate in. Ola, Flipkart and Paytm, have all shut their grocery adventures. Grofers and Peppertap will struggle to eke out margins from pure delivery. Private label and control on inventory should give Bigbasket an edge. Will it emerge as a stand-out success story in the online grocery space? Time will tell - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Helicopter money is a reference to an idea made popular by the American economist Milton Friedman in 1969. The basic principle is that if a central bank wants to raise inflation and output in an economy that is running substantially below potential, one of the most effective tools would be simply to give everyone direct money transfers. In other words, print more money and give it to the people. In theory, people would see this as a permanent one-off expansion of the amount of money in circulation and would then start to spend more freely, increasing broader economic activity and pushing inflation back up to the central bank's target. Direct transmission could be more effective than QE, which relies on trickle-down effects from financial markets and doesn't expand the overall money supply. Prolonged QE has probably set the foundation for the next asset bubble already. The challenge is that if helicopter money works, governments will be tempted to use this even in good times, leading to chances of hyperinflation - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This article is titled 'Who is lying about its marketshare, Ola or Uber?' Ola continues to say it has 75% market share. Uber says its at close to 50% market share. Ola also says that 'Ola Micro' itself does 50% of the bookings of Uber. The key to the discrepancies may be in the details. Marketshare should be in revenues, not in number of bookings. Also, are Ola and Uber using the same total marketsize number? Thankfully, we don't have GMV or some other cooked up metric here to further complicate things. It reminds me of Wall Street, where every bank claims it is at the top of the league tables. Of course, every one chooses a different metric. Most number of deals done in companies ranging from $500m to $600m and whose CEO's name starts with an 'A', anyone? - Comment

Is Sebi nudging investors in mutual funds to go direct?
Is Sebi nudging investors in mutual funds to go direct? - Livemint
The websites of the fund houses will provide details of the money managers and chief executive officers earn


Can gains in the poverty battle be sustained?
Can gains in the poverty battle be sustained? - Livemint
Government estimates show a steep decline in poverty from 37.2% in 2004-05 to 21.9% in 2011-12. What can be done to continue the process?


IDBI Bank claims strike failed, unions say near success
IDBI Bank claims strike failed, unions say near success - Livemint
Chennai, March 25 (IANS) The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union.


Bandhan and IDFC Bank's bumpy journey since getting banking licence
Bandhan and IDFC Bank's bumpy journey since getting banking licence - Economic Times
For Bandhan and IDFC, the journey since getting a banking licence

How will Bharat Bill Payments System benefit you
How will Bharat Bill Payments System benefit you - Economic Times
BBPS is an integrated online platform which is being developed by the National Payments Corporation of India for all kinds of bill payments.


Demand for VC insurance rises as startups go through tumult
Demand for VC insurance rises as startups go through tumult - Times of India
With the startups ecosystem booming in India, venture capitalists are pouring funds in the hopes of high returns. With the startup culture still in the process of evolution, the buck stops with the VC when the startup fails.



Tata Sons to buy out Arun Bhatia from AirAsia India
Tata Sons to buy out Arun Bhatia from AirAsia India - Livemint
Once the deal is complete, Tata Sons

One reason why equity investors prefer India over China: world-class companies
One reason why equity investors prefer India over China: world-class companies - Economic Times
In 2015, India emerged as the worlds fastest growing large economy with its 7.4 per cent GDP growth rate outstripping Chinas 6.9 per cent growth rate.


High interest rates will make Indian economy sluggish: Arun Jaitley
High interest rates will make Indian economy sluggish: Arun Jaitley - Economic Times
"Where in the world you get 12.5 per cent return of interest? So if deposit rates become 12.5 per cent, then what should lending rates be, 14 to 15 per cent?"


Raghuram Rajan warns against side-effects of aggressive monetary policies
Raghuram Rajan warns against side-effects of aggressive monetary policies - Livemint
RBI governor Raghuram Rajan says aggressive monetary policy actions by one country can lead to measurable and significant cross-border spillovers on other economies


Employees may earn interest on inoperative EPF savings account
Employees may earn interest on inoperative EPF savings account - Livemint
Central board of trustees will on Tuesday review a decision which prevented inoperative employees provident fund accounts from earning interest


Microsoft, Yahoo in talks over private equity deal
Microsoft, Yahoo in talks over private equity deal - Times of India
The talks are preliminary, a source said, and Microsoft is focused on preserving the relationship between the two companies. Microsoft and Yahoo have longstanding search and advertising agreements.?


Finance Ministry pushes PSU banks to sell stakes in non-core assets
Finance Ministry pushes PSU banks to sell stakes in non-core assets - Economic Times
The Finmin is mounting pressure on PSBs to divest their holdings in non-core assets as it wants the lenders to raise resources internally to meet their capital requirements.


Bharat Bank announces association with Chillr, to make payments easier for its users
Bharat Bank announces association with Chillr, to make payments easier for its users - Economic Times
Chillr is directly linked to the customers bank account wherein the user can transfer money to any person with an account in the same bank in India.


Coal scam: CBI court convicts Jharkhand Ispat, two directors
Coal scam: CBI court convicts Jharkhand Ispat, two directors - Livemint
The CBI court found Jharkhand Ispat and its two directors guilty of criminal conspiracy and cheating


Sebi to revise rules to reinstate discretionary power on penalties
Sebi to revise rules to reinstate discretionary power on penalties - Livemint
The Securities and Exchange Board of India will start to determine penalty amount keeping a company

How many billionaires are self made?
How many billionaires are self made? - Livemint
Data shows that 63% of the world

GAAR still remains an irritant for FIIs, doubts persist over FII structure
GAAR still remains an irritant for FIIs, doubts persist over FII structure - Economic Times
There is confusion over how tax authorities will determine "commercial substance" to consider FII eligibility for claiming treaty benefit.



TradeBriefs Publications are read by over 10,00,000 Industry Executives
About Us  |  Advertise Privacy Policy    

You are receiving this mail because of your subscription with TradeBriefs.
Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India