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CXOs under 40 in demand at start-ups
CXOs under 40 in demand at start-ups - Livemint
Start-ups looking for experience matched with how well recruits will fit in, say leading executive search firms


India begins anti-dumping investigations over steel imports
India begins anti-dumping investigations over steel imports - Yahoo News
NEW DELHI (Reuters) - India has initiated investigations into the possible dumping of cheap steel products into the country by six nations including China, Japan and South Korea, a government department ...


Congress won't 'celebrate' when Panama details come out: Finance minister Arun Jaitley
Congress won't 'celebrate' when Panama details come out: Finance minister Arun Jaitley - Times of India
As a multi-agency probe continues into leaked 'Panama Papers' showing alleged offshore tax haven holdings of Indians, finance minister Arun Jaitley on Sunday said "Congress will not have many reasons to celebrate" when the details come out in this case.


Cairn India, Vedanta merger only after tax liability settled: Government
Cairn India, Vedanta merger only after tax liability settled: Government - Economic Times
Vedanta had in 2011 acquired Cairn India from its British promoters, and last year proposed to merge the cash-rich firm with BSE-listed Vedanta Ltd.


Get ready for a junk bond default cycle: Deutsche Bank
Get ready for a junk bond default cycle: Deutsche Bank - Economic Times
Investors are about a year early with their concerns, according to a report by analysts at Deutsche Bank, with the default cycle for junk bonds expected to peak in 2017 or 2018.


IPO scam: Sebi bans Edserv, CMD and four others for three years
IPO scam: Sebi bans Edserv, CMD and four others for three years - Economic Times
The other promoter-directors facing the ban include G Gita, Ilango Balakrishna, T S Ravichandran and S Arvind.


IDFC Alternatives in talks to invest Rs600 crore in ACME Solar
IDFC Alternatives in talks to invest Rs600 crore in ACME Solar - Livemint
The funding will help ACME complete solar power projects that are under development across various states in India


Bharti Airtel, Kotak joint venture gets payment bank licence
Bharti Airtel, Kotak joint venture gets payment bank licence - Times of India
The new payments bank will help the fourth largest private sector bank by assets to break new grounds among the unbanked and expand its reach in the huge rural market.


Finance ministry looks to drop open-ended interest subsidies
Finance ministry looks to drop open-ended interest subsidies - Livemint
The ministry plans to replace them with direct interest subsidies that do not interfere with the monetary policy transmission mechanism


Deutsche Bank raises price targets for steel makers like Tata Steel, JSW Steel
Deutsche Bank raises price targets for steel makers like Tata Steel, JSW Steel - Economic Times
Deutsche Bank raised its price target on Tata Steel and JSW Steel by 38% and 21%, respectively, as it expects the sector to benefit from the governments focus.


Standard Chartered to sell over $1 billion of India loans
Standard Chartered to sell over $1 billion of India loans - Livemint
Standard Chartered starts discussions with potential investors to sell loans in the backdrop of an increase in stressed assets


How the unified payment interface will change mobile payments
How the unified payment interface will change mobile payments - Livemint
The payments interface is expected to bring about a significant shift in the way mobile banking transactions are conducted


India's audacious plan to bring digital banking to 1.2 billion people
India's audacious plan to bring digital banking to 1.2 billion people - Livemint
NPCI has launched its Unified Payments Interface (UPI) which will leverage trends such as increasing smartphone adoption and deeper penetration of mobile data. UPI is a channel that powers multiple bank accounts into a single mobile application.


Who really runs AirAsia India?
Who really runs AirAsia India? - Livemint
Documents, emails show that Malaysia

How 1991 reforms put the wheels on transportation
How 1991 reforms put the wheels on transportation - Livemint
When Ashok Kumar joined DTC as a conductor in 1985, Delhi roads were single-lane and mostly empty. Today, there are more buses, more cars, more people. Every one is in a hurry


India gets $42 bn FDI during April-February: RBI
India gets $42 bn FDI during April-February: RBI - Economic Times
Data revealed that FDI in February was $3.2 billion, down from $5.14 billion in January. The foreign direct inflows were $3.48 billion in February 2015.


IFC to invest $38 million in 3 housing finance companies
International Finance Corporation (IFC) will invest up to $38 million in three housing finance companies in India, as the World Bank


Unified payment interface a step towards a cashless economy
Unified payment interface a step towards a cashless economy - Livemint
The UPI app, to be publicly available in two months, will be inter-operable across banks


Who waived loans of defaulters? Some Govt banks say it's secret, others point to panels
Who waived loans of defaulters? Some Govt banks say it's secret, others point to panels - The Indian Express
The Indian Express filed Right to Information (RTI) applications with 28 public sector banks (PSBs) and one of the questions it asked was who had the final say in writing off loans to the tune of Rs 100 crore or more as non-performing assets (NPAs).


8% government of India Savings Bond make a comeback
8% government of India Savings Bond make a comeback - Economic Times
Before the rate cut on small savings and post office time deposits were announced, a 5-year time deposit from the post office paid 8.5% every year.


Exit offers exempt from contra trade restrictions, says Sebi
Exit offers exempt from contra trade restrictions, says Sebi - Economic Times
Sebi has said exit offers that give dissenting shareholders an opportunity to sell their shares in a listed company would be exempted from contra trade restrictions.



Directors of over 1,000 listed companies have links to wilful defaulters
Directors of over 1,000 listed companies have links to wilful defaulters - Livemint
The number of wilful defaulters rose to 7,129 as of December 2015, from 6,458 in June that year, according to information available with Cibil


Tata Capital ties-up with Biz2Credit to reach out to small businesses in India
Tata Capital ties-up with Biz2Credit to reach out to small businesses in India - Economic Times
Tata Capital, the flagship financial services company of the $ 108 billion Tata Group today announced a partnership with Biz2Credit.




PureCircle set to invest $200 million over 5 years in India
PureCircle set to invest $200 million over 5 years in India - Livemint
Funds to be spent to cultivate stevia (meethi tulsi)


Ahmedabad locks horns with Mumbai over India's international finance centre
Ahmedabad locks horns with Mumbai over India's international finance centre - Economic Times
The race and lure to set up Indias international finance centre is fast turning out to be a tale of two cities

What action should Sebi take in NSE algo trading case
What action should Sebi take in NSE algo trading case - Livemint
Sebi could be tempted to summarily announce some additional checks and balances in algorithmic trading. But this won

Goldman Sachs arm looks to invest in fintech start-ups
Goldman Sachs arm looks to invest in fintech start-ups - Livemint
Raghuram Rajan said central bank holds government bonds worth 8 trillion rupees ($120.54 billion) alongside record-high foreign exchange reserves.


Lulu Group to invest Rs5,000 crore in India
Lulu Group to invest Rs5,000 crore in India - Livemint
Yusuff Ali M.A-promoted Lulu Group to make investment over next four years, largely for setting up shopping malls


PMO likely to review India Post's progress on April 14
PMO likely to review India Post's progress on April 14 - Economic Times
According to sources, PMO will also take stock of progress made by Department of Post (DoP) to improve functioning through initiatives like e-commerce and IT modernisastion.



Banks confirm: Recoveries crawl as write-offs swell
Banks confirm: Recoveries crawl as write-offs swell - The Indian Express
We're close to being leaders in the digital banking space: SBI - The country's largest bank, State Bank of India, has managed to migrate about a tenth of its 280 million customers to the internet platform.


We're close to being leaders in the digital banking space: SBI
We're close to being leaders in the digital banking space: SBI - Daily News Analysis
We're close to being leaders in the digital banking space: SBI - The country's largest bank, State Bank of India, has managed to migrate about a tenth of its 280 million customers to the internet platform.


India offers to invest $20 billion in Iran
India offers to invest $20 billion in Iran - Livemint
New Delhi seeks land, natural gas for LNG, petrochemical, fertilizer units to produce commodities for India



Why are base metal prices crashing again after clear signs of recuperation
Why are base metal prices crashing again after clear signs of recuperation - Economic Times
Global concerns over demand outlook and volatility in dollar influenced the base metal prices broadly. Domestic futures prices, too, mirrored the trend.


RIL, BP ready to drop arbitration over gas prices?
RIL, BP ready to drop arbitration over gas prices? - Livemint
Discussions initiated with govt; firms also signal intention to invest $10 billion over the next few years


Why banking in India will never be the same again
Why banking in India will never be the same again - Livemint
India needs more banks of different shapes, sizes and business models. The banking regulator is responding to this need


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Over the weekend, I was fortunate to meet two gentlemen who are using the power of education to transform the next generation of India. Ramji Raghavan's Agastya International Foundation is instilling scientific curiosity in the minds of rural children all over India. It reaches over 1.5 million children and 250,000 teachers every year through its mobile science fairs and its campus in Andhra Pradesh. Backers include Rakesh Jhunjhunwala, A M Naik and Narayana Murthy. In far flung Ladakh, another visionary, Sonam Wangchuk is transforming Ladakh (and its school system) using smart engineering and science, including the use of innovative ice stupas to solve water problems. Sonam seems to be the inspiration behind Phunsuk Wangdu in the movie 3 Idiots - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
On the way to Mr Ambani's $1 billion home, one will pass maimed homeless boys begging at the traffic lights. While our techies work on some of the world's cutting edge problems, khap panchayats execute honour killings of boys and girls who fall in love outside their caste. India's diversity is mind-boggling in every possible way. How does a political party cut through this clutter to win elections - by using structures that have held us together for centuries (religion, caste, class, language). Unfortunately, these structures also divide us into polarized groups, leading to long-term societal damage. There IS a better alternative - development. It is broader than just anti-corruption (which proved to be an excellent election agenda in itself) and has the potential to unite rather than divide the electorate - Comment

Infra sector sponsors try bonds backed by credit enhancements
Infra sector sponsors try bonds backed by credit enhancements - Livemint
Firms such as Tata Realty raise funds via bonds after using credit enhancements to boost their credit ratings


DLF starts stake sale of rental assets arm DLF CyberCity
DLF starts stake sale of rental assets arm DLF CyberCity - Livemint
The stake sale will help DLF trim debt; multiple investors are likely to buy stakes in DLF CyberCity



Raghuram Rajan says central bank holds 8 trillion rupees of government bonds
Raghuram Rajan says central bank holds 8 trillion rupees of government bonds - Economic Times
Raghuram Rajan said central bank holds government bonds worth 8 trillion rupees ($120.54 billion) alongside record-high foreign exchange reserves.


Are foreign banks' shrinking business a blessing for domestic companies?
Are foreign banks' shrinking business a blessing for domestic companies? - Economic Times
Eight senior Barclays employees recently joined IIFL and five more are likely to come on board in the next few weeks.


RBS said to close down India business as it shrinks global assets
RBS said to close down India business as it shrinks global assets - Livemint
The decision to close the India business is part of chief executive Ross McEwan

Banks bureau to chart PSB mergers, says Jayant Sinha
Banks bureau to chart PSB mergers, says Jayant Sinha - Times of India
The issue of consolidation of public sector lenders has come to the fore with Union minister of state for finance Jayant Sinha stating that the Banks Board Bureau would draw a road map for mergers.


Mahindra forays into MF business, eyes rural, semi-urban markets
Mahindra forays into MF business, eyes rural, semi-urban markets
The company will focus on rural and semi-urban markets where its non-bank lender parent Mahindra Finance has a strong presence


Venture capital deals hit speed-breaker
Venture capital deals hit speed-breaker - Hindu Business Line
Fall in deal valuations and fewer exit opportunities affecting new investments


Banks will remain political fiefdoms till privatized
Banks will remain political fiefdoms till privatized - Times of India (blog)
Public sector banks are losing huge sums and running up gargantuan bad debts. Defaulters like Vijay Mallya, once politically powerful, are fleeing abroad. India

Publishing firm S Chand begins talks with bankers to explore potential IPO
Publishing firm S Chand begins talks with bankers to explore potential IPO - Economic Times
S Chand and Company has begun discussions with a number of Indias top merchant banks, as it explores a potential initial public offering (IPO) later this year.


NSEL scam: Suspicion mounts on brokers routing black money
NSEL scam: Suspicion mounts on brokers routing black money - Economic Times
There are also complaints against some brokers that they created fake ledger accounts in the name of their clients without their knowledge, sources said.


Is rise in currency in circulation because of state polls or higher growth?
Is rise in currency in circulation because of state polls or higher growth? - Livemint
This time around, the currency surge is on the higher side, compared with historical data, which is unusual because economic growth is weak and inflation is low



Ways to tax shield your retirement income
Ways to tax shield your retirement income - Livemint
Tax efficiency and inflation are two aspects to keep in mind when building a retirement corpus


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
On the way to Mr Ambani's $1 billion home, one will pass maimed homeless boys begging at the traffic lights. While our techies work on some of the world's cutting edge problems, khap panchayats execute honour killings of boys and girls who fall in love outside their caste. India's diversity is mind-boggling in every possible way. How does a political party cut through this clutter to win elections - by using structures that have held us together for centuries (religion, caste, class, language). Unfortunately, these structures also divide us into polarized groups, leading to long-term societal damage. There IS a better alternative - the uniquely Indian development agenda (imagine the socialism of the AAP combined with the right-wing capitalism of the BJP). It's time for a new way forward - Comment

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