Nov 9, 2015 - Post-Bihar polls, India Inc wants Centre to focus on economic reforms

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Post-Bihar polls, India Inc wants Centre to focus on economic reforms Post-Bihar polls, India Inc wants Centre to focus on economic reforms - In a statement, CII too committed to working with the new government in furthering the state's development agenda. Advt: Dubai Property Show to be held in Mumbai Dubai Property Show to be held in Mumbai, from 6 - 8 November 2015. Turkey G20 Ministerial: India to raise currency devaluation concerns The recent competitive devaluation of major currencies, particularly by Asian emerging markets, raises the risk for the country’s external sector How many more new banks will get RBI's nod? Unless there is a dramatic improvement in the quality of outfits who would apply for licences, it is unlikely we will see another 20 banks in the next four years DeitY to finance 5G, IoT tech in India The government's research arm under Department of IT and Electronics (DeitY) will finance indigenous projects working on developing 5G, wearable computers, Internet of Things and other high-end technologies. Economy to improve in next two quarters: India Inc Majority of Indian businesses are optimistic about the state of the economy improving in the next two quarters. India TV News Diwali sales, analysts and companies indicate that the economy may be finally turning for the better The good news for the overall economy is that the ongoing festive season may have just set the tempo for more secular cheer in the quarters ahead. India's image of 'written off' economy changed in 17 months: PM Narendra Modi The PM also mentioned that improvement made by India on Transparency International index for taking steps to fight corruption. No deadline on banking ombudsman order: RTI reply Months after issuing guidelines for banks to appoint internal ombudsman for better customer services, documents received under the Right to Information (RTI) act have revealed that Reserve Bank of India (RBI) has not s Essar Steel to induct strategic or financial partner It is in addition to previously announced plans to monetise certain non-core assets to raise equity and infuse additional funds for ramping up operations to full capacity Indian Banking sector upgraded: What does it actually mean? Various ratings agencies upgraded Indian banking sector last week. Furthermore, a bunch of big banks announced their Q2 results highlighting a lower creation of fresh bad loans in the second quarter versus the first quarter. Is the worst over for banks' asset quality?.. No reprieve from bad loans for state-run banks in September quarter 34 of 39 listed banks that have declared results so far have seen gross NPAs rise to Rs2.85 trillion, up 22.85% from the Rs2.32 trillion in the June quarter Start-up culture is very good for India, says Adi Godrej Start-up culture is very good for India: Adi Godrej, chairman of Godrej Group - Adi Godrej, chairman of Godrej Group, one of India's leading conglomerates, is highly optimistic of the country's future. He is of the view that India will progress dramatically over the next 5-10 years. In a free-wheeling conversation with Ashish K Tiwari, he speaks about the current economic and political environment, the government, its efforts on easing the business environment, start-up culture, the performance of group's business verticals, and so on. Online retail on roll: Flipkart Internet posts four-fold increase in revenue While Flipkart Internet runs the portal, it has a wholesale arm that books actual sales of goods it gets from vendors. In a first, Apple offers discounts worth Rs 34000 to boost sales The iPhone 6s and 6s Plus were launched last month in India at Rs 62,000-Rs 92,000 depending on memory and model. Cracking the hyperlocal logistics code Roadrunnr enables last-mile delivery of packages, a huge and growing need for a variety of businesses Malls take on e-retail with sale after sale : As e-commerce giants continue to attract more customers with their high-decibel sales, malls in Delhi and the National Capital Region (NCR) are coming up with a number of initiatives to remain competitive. From offeri Diwali offer: Maggi noodles may be sold in select stores from 10 November International Business Times, India Edition International Business Times, India Edition"It should be back with a bang," said Devendra Chawla, group president, food and fast-moving consumer goods, Future Group. "Our kirana partners and other members are as excited about this (Maggi relaunch) as are our merchants and store associates," ... articles  H&M woos fashionistas with second store in India Swedish retail giant H&M opened a second store - its largest in the country - at the Ambience Mall in south Delhi's Vasant Kunj on Saturday. Atchayam Food Box: Thinking out of the box, delivering food in 90 seconds Ahead of each mealtime restaurants get notifications on what needs to be packed. As the product reaches the outlets they are stored in cooling banks of the dispenser. Jewellers like ORRA and Gitanjali embrace digital media as preferred choice Some have even tied up with bloggers and fashion and lifestyle magazine websites to generate content for their digital platforms and social media pages. Google India boss doubles down on this growth hack toolkit for mobile apps AppVirality has a plug-and-play DIY dashboard to make growth hacks easier for app developers and marketers. It just raised fresh funding from prominent angels. Govt launches many mobile apps as part of Digital India initiative The mobile apps will allow students to access study material online, and parents to keep a track of the performance and attendance of their children. Sanskrit scholars power call centres to tackle queries on astrology The human resource and development ministry is pushing Sanskrit universities to encourage students to take up courses there, increasing funding to Rasthriya Sanskrit Sansthan from Rs 62.75 crore to Rs 109 crore. Mobile gaming revenues close to $150 million: NASSCOM report Around 40 to 50 million people play games on their smartphones and feature phones. Wipro reshuffles media and telecom wing. Ayan Mukerji quits Wipro has shuffled its media and telecom business. The sector currently generates over $1 billion in annual revenue. This is just the start of a broader organizational Call drop compensation: Trai rejects telcom companies demand Sector regulator Trai has rejected demand of telecom operators to withdraw the order mandating compensation to customers for up to three call drops in a day. Government likely to clarify confusion over tax norms for e-commerce companies The government is likely to issue a clarification to end the confusion over ecommerce companies that operate marketplaces, so that states do not impose taxes on them. On-demand hyperlocal delivery startup Shadowfax acquires smaller player Pickingo for an undisclosed amount Delhi-based Shadowfax has onboarded about 45 employees from Pickingos management and a few hundred delivery boys in a cash and stock deal. Online retail on roll: Flipkart Internet posts four-fold increase in revenue to Rs 659 crore While Flipkart Internet runs the portal, it has a wholesale arm that books actual sales of goods it gets from vendors. Indian e-commerce giant Flipkart will become more mobile-centric in the next two years through adoption of newer technologies Flipkart will become more mobile-centric in the next two years through adoption of newer technologies such as artificial intelligence (AI) and social networks, its Chief Product Officer Punit Soni said today. How cashbacks are emerging as a tool for e-retailers to lure & retain customers Cashback is the reigning king of Indian e-com marketing. While discounts attract shoppers, there is little that they do for customer retention. Chinese e-commerce platform xbniao.com signs an agreement with Russia's B2B-Centre platform B2B-Centre has 230,000 corporate clients from more than 100 countries. Its transaction volume reached $27 billion last year. Pune-based Swipe Technologies to raise Rs 250 crore to ramp up production Swipe Technologies is planning to raise up to Rs 250 crore from private equity firms to boost its manufacturing capacity and ramp up research and development (R&D). Why Indian tech startups face shortage of skilled workers? A dearth of talented tech workers at Indian startups is driving up wages and hurting companies’ expansion plans How cash-back is the new king in Indian e-commerce? Cashback is the reigning king of Indian e-com marketing. While discounts attract shoppers, there is little that they do for customer retention. Why TinyOwl and Zomato are proof that something is rotten in India's food tech space? Overfunding and difficulty in cracking the billion dollar food industry code is causing trouble in the food technology space in India. Google buys New York-based video editing startup Fly Labs Google has acquired Fly Labs, maker of iOS apps for video editing. New York-based Fly Labs has developed four iOS apps for quickly editing videos. BlackBerry bets big on its first Android-based smartphone ‘BlackBerry Priv’ BlackBerry Ltd launched its first Android-based device on Friday, with the future of the company's hardware business riding on a slick smartphone called Priv that boasts an impressive array of features and a hefty price tag. China state-owned firm to invest $15 billion in a giant memory chip factory A state-owned Chinese company said Friday it plans to pour nearly $15 billion (roughly Rs. 98,650 crores) into a giant memory chip factory, as Beijing seeks to create homegrown semiconductor champions to reduce reliance on foreign technology. Truecaller doubles its user base : Hits 200-million user milestone Truecaller, an app that helps identify unknown numbers and also block spam calls, on Thursday said it has reached the 200-million user milestone, doubling its user base in less than 10 months. The app also globally launched a new feature named 'number tagging'. Wipro restructures media and telecom business, company veteran Ayan Mukerji quits Mukerji has held a number of roles within the company during his tenure, including chief sales and operations officer of Europe till 2010. 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