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Tuesday, January 19, 2016

Jan 19, 2016 - Reserve Bank of India and banks brainstorm on how to stem the rising levels of bad loans

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
2015 was a record year for investment in clean energy globally, at $329 billion, and what is particularly interesting is that this is happening in a year when oil, coal and natural gas have become unusually cheap. Notable amongst the trends are China's dominance ($110.5 bn or one third of the total global investment), as well as the fact that clean energy output has increased 30% compared to last year (with only 4% increase in dollar investment), indicating that clean energy technology has become significantly cheaper. India invested $10.9 billion, a number that needs to be scaled up quickly if we need to meet Modi's target of 175GW clean capacity by 2022 - Comment

Reserve Bank of India and banks brainstorm on how to stem the rising levels of bad loans

The maxim that weak bank stocks are cheap and longterm investors should buy them may not hold true for some state-owned banks, going by the test results.




Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans

Affordable Housing Schemes in Dubai with Post hand over payment plans

Israel should build long-term stakes in Indian economy: Sushma Swaraj

India was working for closer political interaction and deeper economic engagement with Palestine, External Affairs Minister Sushma Swaraj said here on Sunday



Sebi looking to lower expense charges for mutual funds

Cut in expense ratio will help curb frequent launches of new fund offers, which distributors use to earn more commissions



Kotak Mahindra Bank: subsidiaries help post merger

Kotak’s subsidiary businesses boosted its consolidated numbers with all divisions reporting a year-on-year increase in profits, barring Kotak Securities



Davos, barometer of the changing way the investor views India

Over 20 years, transition from an economy without allure to India Everywhere to Make in India



Ajay Piramal to float Rs 6,000 crore distressed assets fund

Also, this is the first domestic fund that is focused on acquiring stressed loans which is Piramal India Resurgent Funds.



Govt comes out with Indian Accounting Standards roadmap for banks, insurance firms

Coming out with the Indian Accounting Standards roadmap for banking and insurance sectors, the government today said scheduled commercial banks and insurance companies...



KartRocket raises $6 million from Bertelsmann India, others

KartRocket’s existing investors Nirvana Digital India Fund, 500 Startups, Beenext also participated in the round led by Bertelsmann India Investments



Reliance Jio to raise Rs15,000 crore through a rights issue

Firm to issue 15 billion equity shares of Rs10 each to shareholders, doesn’t disclose expenditure plans



NBFCs seek SDR provisions to tackle infra sector stressed assets

Request put across at a closed-door meeting between Raghuram Rajan, select bankers, representatives of NBFCs and ARCs



Goldman Sachs to invest in Amber Enterprises

Goldman to buy 34% stake in the firm, one of India’s largest consumer durables OEMs, from existing investor Fairwinds PE, and 14-15% from promoters



IBM bags $40mn deal from Bank Tech India Payments

Technology giant IBM today said it has bagged a 7-year deal worth USD 40 million (abou



Balaji Wafers to sell 10% stake via IPO

Firm, which decided on listing eight to nine months ago, has delayed the sale until it completes work on new plants coming up in Indore



Easwar panel suggests friendlier direct tax laws

Committee proposes deferring contentious ICDS provisions; some recommendations may be a part of budget 2016



CashKaro gets more than cash, bags Ratan Tata as investor

Ratan Tata invests in Gurgaon-based cashback and coupons site CashKaro


Hayashi Electric forays into India's fan market,eyes sale of 5 lakh units

New Delhi, Jan 18 (ANI-NewsVoir): After making its presence felt in 14 countries across four continents, global consumer electronics brand and leader in the electric fan industry, Hayashi Electric Ltd., today announced its entry into India launching


Amazon says it will hold Great Indian Sale from Jan 21

The sale would be the biggest sale of the year on Amazon India website so far, said the company.


Paytm Force enables sellers to avail services from third-party partners

Paytm has launched Paytm Force to assist and advise merchants on its platform. The service will have more that 3,000 certified ecommerce partners who will offer


Biyani expects Patanjali sales to grow to Rs 1000 crore by next year, thanks to his partnership

Biyani expects the sales of Ramdev's Patanjali products to grow to Rs. 1000 crore by 2017. He believes that once the supply matches the demand he will earn a revenue of Rs.70-80 crore per month.


Months after Kishore Biyani deal, Rajasthan's new ration shops still can't beat local kirana stores

Local preferences, uncompetitive prices, bad roads, and poor rural demand have led the Annapurna Bhandar scheme to a stuttering start.


Will India go cashless if mobile payments take off?

A new forecast has been issued with regards to the use of mobile payments in India and in which it has now been estimated that the considerable growth



WeChat Targeting U.S. Market with Affordable Skype-Like Calls

Skype is the leading provider of voice and video calling services, not just in the U.S., but also across the globe. The application is actually the granddaddy of IMs and VoIP; however, recent times have seen it experience some of its toughest tests in business. The application is actually the granddaddy of IMs and VoIP;



Mobile radiation: ICMR study to take five more years

In a twist of irony, the proliferation of mobile phones and the high density of cellphone towers have hobbled India's first research effort to systematically track the health of mobile phone users, scientists have said.



India ranks 2nd globally for mobile device threats: Kaspersky

According to the report India ranks a “frightening” second in the world for mobile device threats. Kaspersky lab is an international software secu..



This is how Bharti, Vodafone will revolutionize Indian telecom with VoLTE

India's two most well-known telcos are preparing to launch Voice over LTE (VoLTE) tech on their networks, with some help from Nokia. This is primarily to



MAIT seeks reforms for 'ease of doing business' in India

“There are multiple regulatory and operational issues plaguing the Indian IT manufacturing. If the government is serious about campaigns like ‘Mak..



Reliance Communications to share spectrum with Reliance Jio for 4G

Reliance Communications, controlled by billionaire Anil Ambani, will also share its airwaves in the 800 megahertz band with Reliance Jio Infocomm Ltd in 17 service areas.



India to have 500 million Internet users by 2016 end, says Telecom Minister

Call drops: RS Prasad conducts drive tests in Indore to check telecom network quality - In order to check telecom network quality and improvement in call drop problem, Communications and IT Minister Ravi Shankar Prasad on Monday himself conducted drive tests in Indore.



Startup India: Google gets pulse of innovation at Delhi event

These are the guys who are making a difference in different fields, Sunil Rao, Country Head-Developer Relations & Startup Ecosystem at Google Indi..



iQor plans to provide service to global markets from India

iQor provides after sales and technical support service for electronic products like mobile, computers, set-top boxes, television and telecom equipmen..



India is the world's best investment opportunity: SoftBank's Masayoshi Son

As Masayoshi Son reinvents his 35-year-old company, India is at the centre stage of his plans. Masa, 58, known to have seen several highs and the lowe..



Faster reforms could help India grow rapidly: Dominic Barton, McKinsey

Many women still lack access to education, health services, and economic opportunity, inhibiting India’s potential growth.



Flipkart invests an undisclosed amount in parenting-focused social network Tinystep; Company to strengthen its team and get service providers on board

Abidi said Tinystep will use the money raised from Flipkart to strengthen its team and get service providers on board


Delhi based DIY e-commerce platform Kartrocket raises $6 million funding in new round led by Bertelsmann India Investments (BII), and existing investors

KartRocket has raised $6 million in a fresh Series B round of funding from Bertelsmann India along with the participation of its existing investors.


Almost 7 out of every 10 Indian youth have a tech knowledge-gap, says Infosys

DAVOS, Switzerland, January 18, 2016 /PRNewswire/ -- Infosys Research Reveals Disparity Between Developing and...



Lenovo India expects 25% of server revenues to come from government sector

Lenovo said it expects about 20-25% of its server revenues to come from the government vertical on the back of initiatives like Digital India.



IT industry must explore new opportunities, says Nasscom

The IT industry needs to look for "new opportunities" amidst various problems and challenges facing the sector, Nasscom president R Chandrasekhar said today.



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