Nov 29, 2016 - StanChart global lay-off to hit 40-50 banking staff in India

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              from India Finance






Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
I spent 2.5 hours in traffic yesterday, trying to get back home from a meeting. And I am one of the lucky ones, as my office is only half an hour from my home and I usually set up my meetings in the middle of the day, so spending time is traffic is not a big problem. In the Uber, I tried to keep myself busy, reading emails, catching a nap, thinking about this editorial. And I glanced around at those driving around me, stuck in bumper-to-bumper traffic, just trying to get back home. And then there are those who work from home (May their tribe increase!). What is it really like to work from home? Yes, it's a real thing. Here are 6 uncommon lessons from a year of working from home.

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Today's TradeBriefs Cartoon

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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.

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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.

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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.

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

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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.

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

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

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The new bizarro world of SPACs

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

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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.

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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.

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

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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.

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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

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

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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.

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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.

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