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SC asks Sahara Group to disclose all assets
SC asks Sahara Group to disclose all assets - Livemint
The court refused to grant parole to Sahara chief Subrata Roy, saying that so far its orders have not been complied with

Alipay raises record $4.5 billion to fund global expansion
Alipay raises record $4.5 billion to fund global expansion - Livemint
Alipay is considering an initial public offering on the Shanghai stock exchange as early as this year


Yes Bank beats the street with 27% jump in profit
Yes Bank beats the street with 27% jump in profit - Economic Times
Private lender Yes Bank on Wednesday reported a 27.4% increase in fourth-quarter net profit, beating market expectations.


HDFC Life joins hands with Indiabulls Housing Finance for corporate agency tie up
HDFC Life joins hands with Indiabulls Housing Finance for corporate agency tie up - Economic Times
Indiabulls Housing already provides its home loan and loan against property buyers with

PE investments in microfinance firms after 2010 crisis see better returns
PE investments in microfinance firms after 2010 crisis see better returns - Livemint
Regulations put in place after the crisis in Andhra Pradesh have resulted in strong growth and good returns for investors



Banks have to report foreign contribution to NGO's within 48 hours
Banks have to report foreign contribution to NGO's within 48 hours - Economic Times
Banks will have to report to the central government within two days any information on NGOs getting foreign funds, Rajya Sabha was informed today.


Bank deposits dip as window dressing effect gets reversed
Bank deposits dip as window dressing effect gets reversed - Economic Times
The deposits for the two weeks ending on April 15 of this year stood at Rs 95.4 lakh crore dropping Rs 1.7 lakh crore according to Reserve Bank of India data.


High-Flying PE-rich stocks may not be worth your time
High-Flying PE-rich stocks may not be worth your time - Economic Times
Desperate fund managers trying out NAV management and investors piling into just any story about growth with little regard for sober investing.


Consumer finance major 'Home Credit' enables first time borrowers
Consumer finance major 'Home Credit' enables first time borrowers - Times of India
35 year old medicine wholesaler Abhishek Kumar was looking for a company to finance his new mobile phone last year. A first time borrower, his dream was fulfilled through a simple and easy loan from Home Credit.


Five triggers that changed your market while you were sleeping
Five triggers that changed your market while you were sleeping - Economic Times
Poor GDP numbers in the US failed to lift sentiments, commodity prices soared and Facebooks league of its own.



GST rollout, infra funding an uphill climb for India: Moody's
GST rollout, infra funding an uphill climb for India: Moody's - Economic Times
Moody's noted that easing of constraints on investment coupled with RBI's inflation targeting and ongoing efforts to clean up bank balancesheets.


Figures don't match: RBI says PNB wrote off Rs 8500 crore but bank says zero
Figures don't match: RBI says PNB wrote off Rs 8500 crore but bank says zero - The Indian Express
RTI replies to queries from The Indian Express show discrepancies between statistics maintained by the RBI and data supplied by individual banks.


Want capital? Step up recovery of your NPAs first, government tells state-run banks
Want capital? Step up recovery of your NPAs first, government tells state-run banks - Economic Times
State-run banks seeking a share of the Rs 25,000-cr capital infusion will have to show some movement on bad assets before they can petition for funds.


Initial euphoria of prepaid wallets dies down
Initial euphoria of prepaid wallets dies down - Economic Times
The RBI gave licence to operate pre-paid wallets to around 26 entities and the last two years have seen a flurry of launches.


SC asks Finance Ministry to explain NPAs recovery mechanism
SC asks Finance Ministry to explain NPAs recovery mechanism - Times of India
SC has also asked the Finance Ministry to inform as to what safeguards it is bringing in to curb bad debt.




Infosys launches new Blockchain offering for top banking and finance customers
Infosys launches new Blockchain offering for top banking and finance customers - Economic Times
Blockchain-based software platforms typically allow banks to upgrade existing legacy technology systems and help increase efficiencies, security and accuracy of each transaction.



Govt invites merchant bankers for stake sale in OIL, NFL, RCF
Govt invites merchant bankers for stake sale in OIL, NFL, RCF - Livemint
Govt intends to sell 15% stake in NFL, 5% stake in RCF and 10% stake in OIL


Lot needs to be done by Finance Ministry on black money: Parliament panel
Lot needs to be done by Finance Ministry on black money: Parliament panel - The Indian Express
The Standing Committee on Finance suggested the "Ministry should give utmost priority to the implementation of Justice M B Shah's panel so that black money stashed abroad may be brought to our hand in time."


Fitch Group lowers India's economic growth forecast
Fitch Group lowers India's economic growth forecast - Economic Times
Growth is expected to edge upwards to 7.8 per cent in 2017-18


IOB, UCO Bank to move out from Nifty Midcap 50 index
IOB, UCO Bank to move out from Nifty Midcap 50 index - Economic Times
Indian Overseas Bank (IOB) and UCO Bank will be excluded from the NSE's Nifty Midcap 50 index from May 27.


P2P lenders eye larger loans as RBI proposes regulatory norms
P2P lenders eye larger loans as RBI proposes regulatory norms - Livemint
The platforms can bring down interest rates in comparison to the informal sector, says RBI consultation paper


Sebi plans to ease mutual fund redemption norms
Sebi plans to ease mutual fund redemption norms - Livemint
Asset management companies may soon lose power to impose redemption limits on mutual fund schemes




Tata Steel says no buyer for UK assets till pension fund liability is dealt with
Tata Steel says no buyer for UK assets till pension fund liability is dealt with - Livemint
Tata Steel UK CEO Bimlendra Jha said the firm is not willing to split up major assets, such as its Port Talbot steel plant, for the sale







Under ED's Karti Chidambaram scanner: 2 top VC firms with a revolving door between them
Under ED's Karti Chidambaram scanner: 2 top VC firms with a revolving door between them - The Indian Express
In 2005, it raised funds to the tune of US $200 million. This came from WestBridge Ventures II LLC, Mauritius.


High-speed trading backlash ramps up pressure on Sebi
High-speed trading backlash ramps up pressure on Sebi - Livemint
Sebi is coming under increased pressure to improve its oversight of high-speed trading after allegations of unfair access at the nation

10 things to know about the new loan rate
10 things to know about the new loan rate - Livemint
Banks are now giving loans based on a new benchmark

Several IDBI Bank staff transferred, suspended
Several IDBI Bank staff transferred, suspended - Economic Times
Employees were quite vocal in their protests at town hall meetings across the country that were attended by IDBI Bank MD K P Kharat and other senior executives.


HDFC to raise Rs500 crore by issuing bonds on a private placement basis
HDFC to raise Rs500 crore by issuing bonds on a private placement basis - Livemint
Issue size of Rs500 crore secured redeemable non-convertible debentures will carry a coupon rate of 8.35% per annum and have 26 April 2021 as the redemption date



Dejargoned: Carbon pricing
Dejargoned: Carbon pricing - Livemint
There is an environmental and health cost attached to higher carbon emissions



Rajan makes case for easier start-up norms
Rajan makes case for easier start-up norms - Livemint
Raghuram Rajan said start-ups are key to creating fresh jobs in the economy, adding that they need to grow into bigger businesses to keep creating employment




India's first small finance bank launched
India's first small finance bank launched - Business Standard
Capital Small Finance Bank opens 10 branches in Punjab; to add nine more in FY17


Lack of clarity on Reliance Jio launch date may cap upside for RIL shares
Lack of clarity on Reliance Jio launch date may cap upside for RIL shares - Economic Times
Analysts said lack of clarity over the much-awaited launch of the conglomerates telecom services may put a lid on gains in the short term.


Select banks to make presentation to Vodafone for India IPO
Select banks to make presentation to Vodafone for India IPO - Economic Times
Until now, the banks have made preliminary presentations to Rothschild, which has been mandated to keep the final selection down to four.


The long road to a $10 trillion economy
The long road to a $10 trillion economy - Livemint
A believable target but questions about the strategic path



Economic growth is growth of Indian cities
Economic growth is growth of Indian cities - Business Standard
The right policies could help India leverage its demographic dividend and launch hundreds of millions of people out of poverty and into the global middle class, transforming India and the region


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
It costs a bank Rs 48 to handle a bank premise-based transaction, Rs 18 to handle an ATM transaction and Rs 1 to handle a mobile-based transaction. Banks clearly have an incentive to get people to transact on the mobile phone. Mobile wallet startups like PayTM, given their technology advantage, lack of legacy, and wide network of merchants and consumers, are well positioned to overtake traditional banks when it comes to mobile transactions. RBI's Unified Payment Interface (UPI) promises to make it easier for consumers to use their mobile phone to transact with merchants. Add in the PM's Jan Dhan Yojana and India has an opportunity to get the 200 million plus unbanked into the banking system - through the mobile phone! How quickly we move to a cashless economy will depend on ease of use (still some work to be done here) and marketing and communication that informs and builds trust - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Cafe bars are the grown-up versions of coffee shops. As the youth evolve, they are looking for experiences beyond your typical Cafe Coffee Day. Cafe bars like 'Social' or 'Mockingbird Cafe' fill this niche, with both better food and ambience. They also encourage you to hang out, with free wifi and other goodies. By keeping pricing reasonable, they attract a larger client base. All-day dining and a lounge experience at night keep them occupied longer hours, increasing revenue. While the cafe bar will not be as ubiquitous (higher set-up costs) as coffee shops, India might just be ready to see more of this new format - Comment

SBI Quick introduces facility to control debit card frauds
SBI Quick introduces facility to control debit card frauds - Economic Times
Activation or deactivation of the debit card can be done using platforms like ATM,POS, e-commerce websites, international usage and domestic usage.



David Cameron urges Tata to sell whole of its steel business
David Cameron urges Tata to sell whole of its steel business - Livemint
Cameron says any sale of Tata remaining British assets would have to cover the whole of its steel business and be given sufficient time to take place


Transerv raises $15 million in Series C funding from Micromax, others
Transerv raises $15 million in Series C funding from Micromax, others - Livemint
Transerv will utilise the funds towards accelerating business growth and investing in new product lines, including micro credit


Foreigners sell most India debt in a month as yield benefit ebbs
Foreigners sell most India debt in a month as yield benefit ebbs - Livemint
Foreign holdings of Indian govt and corporate securities dropped by Rs1,590 crore on Monday, the most since 29 March


Standard Chartered profit rebound lifts shares as loan losses slow
Standard Chartered profit rebound lifts shares as loan losses slow - Livemint
CEO Bill Winters brought in a new management team and is seeking to restructure or exit $100 bn of risky assets to turn around the Asia-focused lender


Cairn India: waiting for higher crude oil prices
Cairn India: waiting for higher crude oil prices - Livemint
News on the production front is not encouraging. Cairn India


India's economic indicators 'promising': Arvind Subramanian
India's economic indicators 'promising': Arvind Subramanian - Financial Express
Describing the current economic scenario of the country as a "golden age", Chief Economic Adviser Arvind Subramanian has asked students to stay away from "gloomy news" and "negativity".



Triple threat: HDFC Bank, Kotak, IndusInd are tied in a battle for banking supremacy
Triple threat: HDFC Bank, Kotak, IndusInd are tied in a battle for banking supremacy - Economic Times
Twelve months ago, nothing seemed to be going wrong for the industry, which has been saddled with huge bad loans, a stagnating economy and low credit demand.


Investors eyeing tax free bonds in secondary markets
Investors eyeing tax free bonds in secondary markets - Economic Times
Wealth managers said the appetite is strong for most tax-free bonds but higher for the ones issued earlier this year because of higher yields.


Roiled by debt, is it back to the roots for Jaypee Group?
Roiled by debt, is it back to the roots for Jaypee Group? - Livemint
Jaypee Group has sold its cash-generating assets to pare Rs75,000 crore in debt but EPC may hold key to its future


Coal India forced to change sales tactic
Coal India forced to change sales tactic - Livemint
Coal India must focus on quality and cost reduction to boost performance, chairman Sutirtha Bhattacharya says in letter to staff


Asset sales seen as a band-aid for bleeding banks
Asset sales seen as a band-aid for bleeding banks - Livemint
Bankers say proceeds from sale of assets are enough to only cover interest payments for a few quarters, after which the borrowers may struggle again


TranServ raises Rs 100 crore for new products
TranServ raises Rs 100 crore for new products - Economic Times
TranServ processes more than Rs 100 crore in transaction value a month from its API solutions for partners, Anish Williams, CEO of TranServ said.


Banks need more government funds or risk downgrade: Moody's
Banks need more government funds or risk downgrade: Moody's - Economic Times
Moody's currently rates 11 PSBs, including State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank and IDBI.


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Several unicorn founders are facing the tough dilemma of a dirty term sheet vs a down-round. A down-round is when investors reduce the valuation of a company compared to the last fund-raising round. A dirty term sheet is when there are terms like guaranteed IPO returns, ratchets, PIK Dividends, liquidity rights buried in the investment term-sheet. A dirty round is a lot more dangerous than a down-round because of the complexity of possibilities that could 'explode' in the future. Future investors could get spooked by dirty terms and refuse to invest. A high paper valuation on dirty terms could also mislead founders, employees and past investors on what the true worth of their shares are. Entrepreneurs are scared about employee morale when faced with a down-round. However, the alternative - a higher valuation, with dirty terms hidden in the deal might be even more dangerous - Comment

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