Dec 21, 2015 - RBL Bank raises Rs 488 crore via pre-IPO preferential placement

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Sree Vijaykumar From the Editor's Desk So here are 2 videos that highlight why America needs to welcome Syrian refugees, similar to Canada (with new prime minister Justin Trudeau making ALL the right moves). The first one is a simple and straightforward reminder from President Obama about how almost everyone in America is an immigrant. The second video is a funny reminder of our unfounded fears of the unknown. More people named 'Mike' kill people in America every year than refugees. Let's issue special cards to anyone named Mike. Go John Oliver! - Comment RBL Bank raises Rs 488 crore via pre-IPO preferential placement The latest round of fundraising values the Kolhapur-headquartered bank, formerly known as the Ratnakar Bank Limited, at nearly Rs 6,500 crore. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Is it time to sack your bank? Has your bank suggested an investment or financial product to you recently? There’s a 60% chance that the product will not suit your needs. Foreign investment in financial services more than doubles Deals worth $3.8 billion closed in the sector in 2015, up from $1.6 billion in 2014 Banks should ensure assistance is provided to rain affected people: Jaitley State govts will have to take steps to strengthen the infrastructure, says finance minister ONGC flirts with losses as crude price nears its production cost Explorer’s proposed `50,000 cr investment in KG basin and enhanced oil recovery plans under threat Recovery in capex still far away Companies continue to operate at low capacity utilization levels; await clearer signals of a recovery in demand Why banks resort to misselling Commissions from sale of third-party products are important for banks’ profitability. Hence, the strong sales push Will banks cut loan rates now? Bankers have many arguments on why they cannot pare their base rate Sebi seeks status report on basic services demat accounts Lack of awareness and promotion has led to very few regular demat accounts being converted to BSDAs All is not right in the economy of India The NDA govt has not been able to bring black money from abroad as it had promised before the 2014 general elections. It has not been able to bring in investment to the extent possible Tax-free bonds and select debt mutual funds see big demand; banks lose Rs 40,000 cr net in a fortnight Depositors have pulled out a net Rs 40,000 cr from banks since the fortnight ended October 2, which began immediately after the RBI lowered its policy rates by 50 bps. Indian economy to more than double to $5 trillion in 10 years: Jayant Sinha Jayant Sinha said that the size of the Indian economy will more than double to USD 5 trillion if 7 per cent growth rate is sustained for next 10 years. Bitcoin's 'blockchain' tech may transform banking The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionise… Banks to raise provisioning for another bank’s NPAs Banks are required to make a small (well below 1%) provisioning on standard loans, but have to progressively raise the provisioning amount with time. Illegal remittances racket operating through Bank of Baroda minted Rs 6,000 crore? It was also alleged that the amount remitted in each transaction would be kept at less than $100,000, CBI said. Reforms are must for the real economy to grow India lowered its GDP growth projection for the current year to between 7-7.5 per cent against the earlier forecast of 8.1-8.5 per cent. The outlook going forward is challenging and, without reforms, 70% of Samsung India's 116 crorepati employees are Koreans As per RoC data, the number of people taking home more than Rs 1 crore a year at Samsung India swelled 22 per cent to 116 as of March 31, 2015. Flipkart to focus on kids in the fashion segment, announces 'Flipkat Li'l Stars' Flipkart has marked children as a "high focus" category in the fashion segment for the coming year and has announced the launch of ‘Flipkart Lil Stars. 'More states to unveil retail policies by next year' RAI is also expecting the Labour Department to put out a model policy for the Shop and Establishments Act for states to follow. Pink slips: Startups forced to lose employees to stay afloat, wrong vision or bad luck? Startups move fast to success or face failure. Sackings are an inevitable part of life in a startup where fire fast is often a more pragmatic option to failing fast. India's largest destination mall Mall of India launched in Noida sector 18 Real estate major DLF on Friday launched its Mall of India in Sector 18 that it has billed as 'India's largest destination mall' Flipkart Growing As A Giant In Indian Retail With Rs 10,000 crore as revenues in the year 2014-15, Flipkart is the third largest retailer by revenue after Future Group and Reliance Retail, , flipkart, e-commerce, retail, sachin bansal Indian cellular operators lock horns with TRAI on call-drops penalty The financial implications are around $8.2 billion per annum, according to operators. All Phones In India Will Eventually Come With A Panic Button Soon, all cell phones will be equipped with a panic button to assist women in distress, Union minister Maneka Gandhi said on Friday. Star Chef With 35% users each in the US and Asia Pacific region and the remaining in Europe, 99Games is one of the first Indian gaming studios to hit this success. Mobile ads are fast becoming central to marketing strategy Mobile advertising has evolved from SMS and call-based marketing in 2006-07 into a more sophisticated phenomenon that includes mobile web and in-app ads, mobile search and social networks Huawei to continue focusing on Indian smartphones' market The Chinese are generally described as focused, hard working and quick to seize an opportunity. This does seem so in the Indian smartphone market.From four to five per cent a few years ago, cumulatively leading Chinese smartphone brands now corner a The iPhone is dominating mobile photography Brendan McDermidFlickr, a social network based on photography, posted stats on Friday showing that more people used iPhones for their Flickr pictures in 2015 Best phone under 20K: Meet the new flagships Four phones are gearing up to become your next loaded, all-inclusive stylish device, at a not-so-staggering price, writes Rajiv Makhni. Target in early stages of developing mobile wallet: Sources Target's move also would raise new questions about the viability of a plan by a number of retailers, including Target and Wal-Mart, to create a joint mobile wallet, called CurrentC. YU Yutopia to Xiaomi Redmi Note Prime: Smartphones launched in India this week YU Yutopia to Xiaomi Redmi Note Prime: Smartphones launched in India this week : Tech Photo Galley – Get pictures & slideshows of gadgets, smart phones, mobiles & Gizmos. Also get images of mobiles... Videocon Launched Its First 4G Smartphone In India The first 4G smartphone from Videocon - Z55 Krypton - comes packed with a 2200 mAh battery and includes features like Dual SIM, FM radio among others. Amazon a consumer company, not app or web firm: India head Amit Agarwal The statement appeared to be a dig at rival Flipkart's persistent references to its focus on the mobile app, the need for a mobile-only strategy, and the need to get its employees away from a "desktop mindset." CEO Jeff Bezos's Rs 200 gift offer to Amazon's Indian customers faces brick-and-mortar retailers attack Retailers accuse Amazon of violating foreign investment laws, write to DIPP secy objecting to the etailers gift card promise. SIDBI VC invests in cash management startup RCI; plans to use the fund to expand its services to banks and ATM service providers RCI, which currently provides cash replenishment services covering about 5,000 ATMs, is aiming to expand it to 45,000 ATMs in the next few years. 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