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HDFC completes 9% stake sale in HDFC Life to JV partner
HDFC completes 9% stake sale in HDFC Life to JV partner - Economic Times
HDFC has completed 9 per cent stake sale in HDFC Standard Life Insurance Company to its British joint venture partner Standard Life for a little over Rs 1,700 crore.


RBI details plans on differentiated bank licences
RBI details plans on differentiated bank licences - Livemint
The move will help widen sources of funding available to corporate sector, reduce banks

Reserve Bank of India's new mission: Getting lenders to pass on its rate cuts
Reserve Bank of India's new mission: Getting lenders to pass on its rate cuts - Economic Times
Under the new rules, banks will need to adjust their lending rates every month based on what they offer for new fixed-rate deposits.


Rajan says RBI probing Panama Papers
Rajan says RBI probing Panama Papers - Business Standard
Says having foreign accounts is not an offence per se


Government to push for consolidation of public sector banks
Government to push for consolidation of public sector banks - Economic Times
In line with the blueprint, PSU banks were given Rs 25,000 crore in the last fiscal and an equal amount is planned for the current fiscal.


Here's why Rajan is against naming defaulters
Here's why Rajan is against naming defaulters - Business Standard
No problem if they're in the wilful list, having taken a bank for a ride; however, everyone unable to pay isn't dishonest; new discussion paper coming on large loan exposures


RBI rate cut: QE with Indian characteristics?
RBI rate cut: QE with Indian characteristics? - Livemint
The April monetary policy could have a significant bearing on monetary transmission if RBI is successful in achieving its new liquidity objective


RBI moves to boost cash supply
RBI moves to boost cash supply - Livemint
A 25 bps rate cut takes the policy rate to its lowest in five years; other measures announced could facilitate transmission of previous cuts


The poor deposit life savings in banks, while rich take loans and flee, says PM
The poor deposit life savings in banks, while rich take loans and flee, says PM - Business Standard
Taking a dig at wilful defaulters, Prime Minister Narendra Modi on Tuesday compared them with the country's poor and backward who, according to him, 'voluntarily deposited' their life savings into the new bank accounts under the Pradhan Mantri Jan


Government to ask Supreme Court to widen Aadhaar ambit
Government to ask Supreme Court to widen Aadhaar ambit - Livemint
On heels of Aadhaar crossing the one billion coverage mark, telecom minister Ravi Shankar said government will approach the Supreme Court



DIIs apply to RBI to acquire over 5% stake in Equitas IPO
DIIs apply to RBI to acquire over 5% stake in Equitas IPO - Livemint
Around four to five DIIs have applied to the Reserve Bank of India for the central bank

Banks to invite buyers for ABG Shipyard stake
Banks to invite buyers for ABG Shipyard stake - Livemint
Lenders to issue a public notice inviting expression of interest from buyers keen to pick up a controlling stake in ABG Shipyard


Swiss PE Fund Partners Group in talks with Infosys, TCS to sell CSS Corp at a valuation of $400-$450 million
Swiss PE Fund Partners Group in talks with Infosys, TCS to sell CSS Corp at a valuation of $400-$450 million - Economic Times
Swiss private equity fund has initiated discussions to sell domestic IT services company CSS Corp. The deal values CSS at $400-$450 million.


PEs pump funds into realty despite prolonged slump
PEs pump funds into realty despite prolonged slump
Funds infused $410 million in residential, office and retail projects in Jan-Mar 2016, as against $680 million a year ago, show data



Verizon to buy 24.5% stake in AwesomenessTV
Verizon to buy 24.5% stake in AwesomenessTV - Livemint
The deal values AwesomenessTV, in which DreamWorks Animation SKG Inc. owns a 51% stake, at about $650 million


Blackstone top private equity investor in IT and technology sectors
Blackstone top private equity investor in IT and technology sectors - Business Standard
Private equity (PE) firm Blackstone is not only the biggest PE investor in Indian real estate, but is also the largest investor in India's information technology (IT), IT-enabled services, and technology sectors.With the $1.2-billion Mphasis buy,


NestAway Technologies looks to raise $30-50 million
NestAway Technologies looks to raise $30-50 million - Livemint
Ratan Tata-backed NestAway Technologies is looking to get more house owners on its platform


HDFC sets aside special provision against unexpected risks
HDFC sets aside special provision against unexpected risks - Livemint
In a notification to the stock exchanges, HDFC says it has set aside `450 crore as a one-time special provision


Low priority given to buying health insurance: survey
Low priority given to buying health insurance: survey - Livemint
Most feel that treatment and hospitalisation expenses are too high at the time of treatment of any critical illness, however they don

Another forgettable quarter for corporate earnings?
Another forgettable quarter for corporate earnings? - Livemint
March quarter likely to disappoint due to low demand and higher provision by state-run banks to cover non-performing assets


Coal India: Waiting for price hikes
Coal India: Waiting for price hikes - Livemint
Potential price hikes and news flow surrounding that will act as a trigger for the stock from a near-term perspective


Where does the rate cut take your money?
Where does the rate cut take your money? - Livemint
Borrowers should choose floating rate loans, and savers should lock in at the current deposit rates


Are Infosys founders not happy with Vishal Sikka?
Are Infosys founders not happy with Vishal Sikka? - Livemint
Only around 23.57% of promoter votes were cast in favour of a resolution reappointing Vishal Sikka as CEO


Bittersweet subsidy cuts for fertilizer companies
Bittersweet subsidy cuts for fertilizer companies - Livemint
Icra says subsidy cuts will take away the benefits of low international prices of intermediaries





Finance Ministry lines up 16 PSUs for disinvestment
Finance Ministry lines up 16 PSUs for disinvestment - Economic Times
The list includes state-owned companies such as NMDC, MOIL, MMTC, National Fertilisers, NHPC, NALCO and Bharat Electronics, sources said.






In a first, DCB Bank starts Aadhaar-based ATMs
In a first, DCB Bank starts Aadhaar-based ATMs - Times of India
DCB Bank has started country's first Aadhaar-based ATM usage facility wherein a customer can transact using his biometric details instead of the PIN. The user can key-in the 12-digit Aadhaar number or swipe the card at an ATM to start a transaction.



Vijay Mallya's Rs 4,000-crore offer doesn't interest banks, needs to double the settlement
Vijay Mallya's Rs 4,000-crore offer doesn't interest banks, needs to double the settlement - Economic Times
Mallya needs to double the settlement offer hes made to the 17-lender group thats seeking repayment of more than Rs 9,000 crore in dues.


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.


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
The politics of policy-making is not easy. First the BJP opposed FDI in Retail for the sake of the 'informal trader' vote base. Now that attracting foreign investment has become a priority, the government is finding different ways to allow FDI, without raising the bogey of 'FDI in multi-brand retail'. 100% FDI in Food Retail has recently been allowed. So has FDI in Ecommerce marketplaces. FDI in food etailing is likely to be allowed now. In the case of ecommerce marketplaces and food etailing, the foreign investment had already come in, in big numbers. So, what the government is really doing is playing catch up, slicing and dicing the Retail industry into politically appropriate sub-sectors in the process - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Google CEO Sundar Pichai has had a remarkable journey. Buzzfeed shadowed him for 3 months for this piece, from Delhi (including a meeting with the President) to Las Vegas, to his home in Los Altos, California. The man (whose compensation package includes $200m in stock) comes across as a kind of boring best-for-the-company man, not the mercurial type so often lionized in the Valley. And at a company that optimizes for smart, Pichai is often described as a genius - much of that due to his effectiveness as a leader capable of wrangling other very smart, very opinionated people. He comes across as apolitical and mysterious (what does he really stand for?), but ultimately trustworthy. And that is important, considering how much Google knows about our lives! - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Are smart people better off with fewer friends? Evolutionary psychologists Satoshi Kanazawa and Norman Li theorize that situations and circumstances that would have increased our ancestors' life satisfaction in the ancestral environment may still increase our life satisfaction today - the savanna theory of happiness. This explains how residents of rural areas and small towns are happier than those in suburbs, who in turn are happier than those in large cities. But there is one big exception. For more intelligent people, these correlations were diminished or reversed. When smart people spend more time with their friends, it makes them less happy. One explanation is that these people are less likely to spend time socializing because they are focused on some other longer term objective, which gives them more happiness - Comment

World's largest oil firm Aramco plans to invest in India
World's largest oil firm Aramco plans to invest in India - Economic Times
Saudi Aramco, the world's leading oil producing company with around 10 million barrels per day output, is looking at India as its number one target for investment. This was conveyed to Prime Minister Narendra Modi by Saudi Aramco head Khalid Al


Government proposing that ATMs should not be replenished with cash after 8 PM
Government proposing that ATMs should not be replenished with cash after 8 PM - Economic Times
These are part of a new guidelines and risk mitigation procedures the government is proposing for secured cash movement by leading private players.


Hero Future in talks to raise Rs1,000 crore from CDC Group, IFC
Hero Future in talks to raise Rs1,000 crore from CDC Group, IFC - Livemint
Hero Future is offering 25-30% in the company to CDC Group and World Bank

Banks may face problem with shrinking deposits and rising loans
Banks may face problem with shrinking deposits and rising loans - Economic Times
As banks reduce the proportion of purchase of government bonds, yields on them could climb and consequently push up costs for even corporates.



LIC rides to the rescue of public sector banks
LIC rides to the rescue of public sector banks - Livemint
LIC has infused a total of Rs2,539 crore in public sector banks in fiscal year 2016


How MCLR will affect your home loan
How MCLR will affect your home loan - Livemint
For new borrowers, home loan rates will be automatically reset either yearly or every six months


Over 60 financial giants line up to partner with India Post
Over 60 financial giants line up to partner with India Post - Times of India
Zee Media Bureau New Delhi: India Post's modernisation drive has already started paying it off in terms of upping its brand value. A large number of players offering financial services like banking, mutual funds, money transfer, insurance etc, have showed keen inclination towards tying up with the India Post and leverage its vast spread out network of branches. According to The Times of India report, there are nearly 1.5 lakh post offices across the country, 1.3 lakh in rural India


Ministry of Finance response to Panama Papers leak
Ministry of Finance response to Panama Papers leak - The Indian Express
Full text of the statement issued by the Ministry of Finance in response to The Indian Express exclusive on offshore companies owned by Indians.


Tax havens where rich Indians stash their money
Tax havens where rich Indians stash their money - Economic Times
Rich Indians love to park their wealth offshore, away from the public glare and the scrutiny of the I-T Dept. The Panama Papers Leak is testimony to this fact.



Rate cut for sure but by how much, Dr Raghuram Rajan?
Rate cut for sure but by how much, Dr Raghuram Rajan? - Livemint
Will RBI governor Raghuram Rajan go for a 25 bps cut in repo rate or do a repeat of September with a deeper 0.5 percentage point cut?


Indian economy 'engine of global growth' under PM Modi: Shinzo Abe
Indian economy 'engine of global growth' under PM Modi: Shinzo Abe - Daily News Analysis
Indian economy 'engine of global growth' under PM Modi: Shinzo Abe - Abe thanked Prime Minister Modi for the 'excellent hospitality' during his bilateral visit to India in December 2015 and described his visit to Varanasi as unforgettable


MasterCard CEO Ajay Banga calls for equal treatment with RuPay domestic card
MasterCard CEO Ajay Banga calls for equal treatment with RuPay domestic card - Economic Times
Banga said global investment sentiment on India had turned positive after the Narendra Modi government took over in 2014.


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Governments and anti-terrorism officials can take a leaf out of the Al Capone arrest playbook to disrupt terrorist attacks. By 1931, Al Capone had become the US's first celebrity criminal. His activities were notorious, including murder, bribery and running illegal breweries. But the government would have trouble convicting Capone of his most heinous offences in a criminal court for various reasons, including the code of omerta (silence) embedded in mob culture. Instead, prosecutors charged Capone with tax evasion, prompting the incredulous mobster to say, "The government can't collect legal taxes from illegal money." Capone was wrong, and tax evasion charges proved to be his downfall. Though one effect of this strategy was often shorter criminal sentences than might otherwise be obtained, the architects of this policing model believed the trade-off was acceptable. As one analyst put it, even shorter sentences "may nonetheless be efficient in disrupting logistical networks and planning". With all the data India has on terrorists, a counter-intuitive strategy might be to go after them with smaller charges and get them behind bars (in India, Pakistan or elsewhere), even if for shorter durations, where they are less effective in plotting attacks. Perceived as less damaging, we might even get Pakistan to co-operate with us on this - Comment

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