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Thursday, October 29, 2015

Oct 29, 2015 - 20 commercial banks want to tie up with India Post Payments Bank

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20 commercial banks want to tie up with India Post Payments Bank

About 20 commercial banks have initiated talks with the department of posts for a strategic tie-up with its proposed payments bank India Post Payments Bank.




Advt: Get qualified leads for your business

TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money!

Indian market still popular among global investors

Global investors seem to be pinning hopes on Indian stocks premium valuation to sustain against its emerging market peers.



RuPay forces MasterCard to call for fair competition

Facing stiff competition from India's own payment gateway RuPay, MasterCard has called for a level-playing field to stay put in the Indian market.



Micro finance credit gains momentum with ADB loan

“The regulatory certainty is a big contributor for micro finance industry now,” said Kshama Fernandes, managing director & CEO, IFMR Capital.



Reliance Jio looking to partner local cable firms in broadband push

The tie-up will allow the telecom firm get last-mile connectivity for its broadband services



ICICI Bank to expand operations in Punjab: Chanda Kochhar

Private lender ICICI Bank today said it will double its branch network in Punjab as part of expansion plans and disburse loans worth Rs 20,000 crore in the state.



Ford expands vehicle finance operations in India

For consumers looking to buy a Ford vehicle this festive season, Ford Credit India announced the launch of retail financing in key dealerships across India.



Pradeep Gupta elevated as State Bank of India MD

State Bank of India (SBI) Deputy Managing Director Parveen Kumar Gupta was today appointed as the Managing Director of the bank, which is the country's largest lender. Mr. Gupta, who is also the Managing Director of SBI Capital Markets Ltd, the bank's investment banking arm, will succeed Mr. P. Pradeep Kumar, who will superannuate on October 31. The appointment is until March 31, 2020 when Mr. Gupta is due to superannuate or until further orders, whichever is earlier, a notification from the Ministry of Finance said.



Indian units of MNCs paying high royalty to parents, says report

Indian units of Maruti Suzuki, HUL, ABB, Nestle and Bosch paid a fourth of their pre-tax profits as royalty



World Bank, IMF should reflect rise of developing economies: India

India has called for reforming the World Bank and the International Monetary Fund (IMF) to reflect the rise of the developing and transitional economies and give them more say in governance.



Amazon’s JV Cloudtail is its biggest seller in India

The joint venture between Amazon India parent and N.R. Narayana Murthy’s Catamaran Ventures contributes at least 40% of sales



Essel Finance funds affordable housing projects in Mumbai

Essel Finance invests `40 crore in two affordable housing projects of Rashmi Housing at Mira Road and Naigaon in north Mumbai



Easier Sebi rules fail to lure start-ups to launch IPOs

No entrepreneur has moved to seek a local listing, preferring instead to raise funds from venture capital, private equity firms or angel investors



Easier to start business in India, difficult to get credit: World Bank report

India moves up nine spots in the starting a business category, slips six spots in terms of accessing credit



Dell Services president Suresh Vaswani invests in on-demand logistics startup ...

Vaswani represents the business unit on Dells executive leadership team and reports to the chairman and CEO Michael Dell.


How retail and food startups like Ubyld, Nappa Dori are helping Generation Y ...

Priced between Rs 1,500 and Rs 3,300, the Ubyld kit comes with pre-drilled wood components, screws, screwdriver, glue and an instruction guide.


Startups like Urban Ladder, Fab-Furnish goes hyperlocal, partners with offline stores

‘Window shopping on online portals to compare prices and designs, followed by offline transactions is becoming high among Indian consumers.


Mark Zuckerberg: we have a 'moral responsibility' to get millions more online

At a town hall meeting with students in India, the Facebook CEO explained his plan to spread Internet access—and promised to help stop the flood of annoying Candy Crush ads.


Sellers on Amazon India witness 10 times growth in sales

The sellers on Amazon are seeing 8-10 fold growth during the festive sales compared to daily sales according to Gopal Pillai, Director and GM, Seller Services, Amazon India.


Flipkart Goes Offline With Assisted E-commerce; Tightens Screws Around Quality

After taking on the mobile and internet world for the last 8 years, ecommerce major Flipkart is planning to build its offline presence. Under Assisted ecommerce model, Flipkart wants to touch the next million population which is not Internet or mobile savvy.


Ease of doing business: Take a bow Modi govt and push ahead with more reforms

State governments will have to put political differences aside and work in tandem with the Centre as well


Fireside Ventures, Mumbai Angels and MAPE Advisory invest in Bounty

The nanolocal commerce app would utilise funds to expand the team


65% of Alibaba's total GMV through mobile; takeaways from Q2 results

Chinese ecommerce company Alibaba posted revenues of $3.49 billion for the quarter ended September 2015, representing a year-on-year growth of 32% . The company


Tata Trent's Trend West acquires Bengaluru based brand Eat.Shop.Love.

The Trend West portal, which is likely to go live by the end of this year, will be powered by the branding, marketing, delivery and sourcing line of ESL.


Majority of visitors come from mobile but we get more page views on desktop : Richard porter

Interview with Editorial head, BBC International News Operations



Facebook's Mark Zuckerberg in India to get 'next billion online'

At a townhall in Delhi, Facebook CEO Mark Zuckerberg said the social networking website "absolutely" supports net neutrality, but spoke in favour of zero-rating plans, saying prioritizing these plans is necessary to connect everyone to the internet.



Telenor India Q2 operating loss widens to Rs 286 crore

The company had reported an operating loss of 195 million Norwegian krone (about Rs 149.26 crore) in the same period last year, Telenor said in a statement.



5 Key takeaways from the Mark Zuckerberg townhall at IIT Delhi

Facebook's free Internet.org service met with skepticism in India, where users said it gave Facebook an unfair advantage. The service has been retooled, and CEO Mark Zuckerberg is trying again to get Indian users to warm to the idea.



Oracle fully supports 'Digital India' initiative: Thomas Kurian

The announcement came at a time when Oracle's closest rivals Microsoft and Amazon have firmed up their plans to set up data centres in India.



Idea Cellular in talks with Alcatel to procure 4G smartphones

TCL Communication, a public company listed on the Hong Kong Stock Exchange, sells smartphones under the Alcatel One Touch brand.



Paytm set to join the Flipkart, Snapdeal and Amazon bandwagon with a three-day festive season sale from November 3; expects festive sales of Rs 1,000-cr

Paytm is set to join the Flipkart, Snapdeal and Amazon bandwagon with a three-day festive season sale from November 3.


Myntra to unveil new social app, will emulate mall shopping experience on mobile devices

The Flipkart-owned online fashion retailer is aiming to double the gross merchandise value of goods sold on the platform to $1 billion in 2016.


After electronics and apparel, wearables is the next big frontier for Flipkart

Going by the current popularity of wearables such as smart watches, bands, shoes or other tracking accessories, Flipkart is expecting the category.


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