Nov 18, 2016 - Bankers begin to buckle under stress

TradeBriefs Newsletter
View online   Advertise
              from India Finance

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Facebook could one day build facial gesture controls for its app thanks to the acquisition of a Carnegie Mellon University spinoff company called FacioMetrics. It's not hard to imagine Facebook one day employing FacioMetrics' tech and its own AI to let you add a Like or one of its Wow/Haha/Angry/Sad emoji reactions by showing that emotion with your face. For now, Facebook tells me it will use FacioMetrics to enhance its Snapchat selfie Lens-style augmented reality face masks that are making their way into its videos and Live broadcasts. There are potentially other more important applications for emotion recognition. More here

Advertisers of the day
The Economist: Subscribe now and get a Hidesign passport wallet free
BMW: Celebrate joy with BMW Festival 2016  

Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium).

Govt Plans To Float $2 Bn Alternative Investment Fund For Startups

The move is aimed to provide more domestic funding options for the startup community reducing their dependence on foreign private equity players.

Read More

Today's TradeBriefs Cartoon

One WhatsApp mistake can empty your bank account; SBI makes important announcement

One WhatsApp mistake can empty your bank account; SBI makes important announcement - In order to make customers aware of the banking frauds, India's largest lender State Bank of India (SBI) took to microblogging site Twitter to highlight a few points to exercise caution and stay vigilant at all times.

Read More
Modi govt mustn’t hesitate to make Covid vaccine free for Indians. It only costs Rs 80,000 cr

Serum Institute CEO Adar Poonawalla asked if the government is willing to pay Rs 80,000 crore to vaccinate all Indians. The money isn’t such a big deal.

Read More
Global private equity firms scout for mispriced commercial assets in India

As the effects of Covid-19 become clearer and the economic impact more certain, experts believe investors mindsets will shift to exploiting market mispricing opportunistically and positioning for later market cycles in line with global megatrends.

Read More
Some developments in Dhanlaxmi Bank warrant immediate corrective steps: AIBOC to RBI

In a letter written to RBI Governor Shaktikanta Das, All India Bank Officers' Confederation (AIBOC) said it is a well-known fact in the banking industry that misplaced priorities and supervisory laxities had wreaked havoc on Dhanlaxmi Bank a decade ago.

Read More
Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank

"The 9.7 (per cent) was the number as of June 30. Obviously over a period of time some more customers do ask for moratorium, so I can definitely say that the number has gone up a little bit rather than coming down, which has happened for everyone," Chaudhry told in an interview

Read More
Good news for SMEs! Yes Bank joins hands with BSE to empower small business companies

Yes Bank has signed an Memorandum of Understanding (MoU) with BSE — India’s premier exchange and the world’s fastest Stock Exchange to empower the SME segment.

Read More
VG Mathew to retire as MD and CEO of South Indian Bank, Murali Ramakrishnan to succeed

VG Mathew, MD and CEO of South Indian Bank is demitting from the office on September 30 due to his retirement.

Read More
India metals tycoon Anil Agarwal seeks $5 bn for turnaround fund: Report

The billionaire is working with London-based Centricus Asset Management Ltd on the fund, which will have a 10-year life span and use a private equity-type strategy

Read More
The new bizarro world of SPACs

Private equity firms are creating SPACs — to take private companies public.

Read More
Exclusive: PharmEasy changes internal legal structure, consolidates units for better valuation

The change in legal structure means that API Holdings will also own Ascent Health and Wellness Solutions Pvt.Ltd - a separate pharma supply chain and credit platform, which also acts as a business-to-business (B2B) distribution entity for PharmEasy.

Read More
An urbanisation master plan: how to crank up India’s economic engine and improve quality of life

Urbanisation is key to Indias economic growth. While large cities must be centres of innovation, mid-sized cities should specialise in manufacturing and services. This will increase productivity and improve the standard of living. But to achieve this, the country needs a vibrant municipal-bond market, which will help optimise infrastructure investment and empower local administration.

Read More
How have Indian businesses been impacted during and after the lockdown?

Covid created various operational and financial challenges for Indian businesses. During the lockdown, approximately 71.31% of the businesses dealt with reduced cash flows with the manufacturing sector being the worst hit. Additionally, delay and cancellation of projects have also been a major cause of concern, especially in the tertiary sectors.

Read More
India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee

Abhijit Banerjee, currently a professor at Massachusetts Institute of Technology (MIT), said he does not think that India's economic stimulus was adequate. "India's economic stimulus was limited. It was a bank bailout. I think we could have done more," he said.

Read More
India’s ‘shambolic’ central bank delay holds back recovery

The RBI deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision.In India, appointments to key positions by the government -- from heads of state-run banks to deputy governors at the RBI -- can be a lengthy process fraught with delays

Read More
Bandhan Bank strengthens leadership team, ropes in ex-Bajaj Capital CEO as digital head

It has appointed former Bajaj Capital chief executive Rahul Parikh as the bank's digital head as the bank broadens its digital presence to improve customer services. Earlier in the month, the bank hired ICICI Bank veteran Kumar Ashish as head for “emerging entrepreneurs business" vertical.

Read More
From a venture debt fund to a tech-driven financial solutions firm – the journey of Trifecta Capital

Being a venture debt fund for the last five years, Trifecta Capital is now opening its tech expertise to help the startup ecosystem with finance management tools.

Read More
Centre’s fiscal deficit may skyrocket to 9% of GDP this year; these twin issues weigh on govt’s coffers

While the budgeted fiscal deficit in the year was Rs 8 lakh crore, an additional deficit of Rs 9.8 lakh crore is projected due to various shortfalls and expenditure.

Read More
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