Jan 25, 2016 - New banks to complement existing banking system, says Kochhar

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Sree Vijaykumar From the Editor's Desk The story of the ambitious entry plan of American retailer Target into Canada and how it ultimately bombed (bankruptcy protection after $7bn in investment) is something that anyone in (Retail) Operations can learn from. From aggressive targets, to bad software decisions, to a lack of understanding of local nuances, anything that could go wrong went wrong. Also, the human stories of how bad business decisions can affect the lives of thousands of employees is telling - Comment New banks to complement existing banking system, says Kochhar Kochhar said payment banks can complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Cairn-Vedanta merger to be delayed by at least a quarter Lower oil prices cast their shadow on average price realization, which, at $35.2 per barrel of oil equivalent, is 48% lower y-o-y and 19% lower, compared with the September quarter Best strategies for tax-saving products Financial instruments with tax benefits do more than just that. Buy them based on your plan Reserve Bank of India's ECB norms: two steps forward, one step back The Reserve Bank of India’s revamped norms for external commercial borrowings (ECB) benefit global lenders rather than domestic borrowers, analysts and bankers said. The new rules were announced by Housing finance companies in the slow lane The moderation in the loan book was on account of lower disbursement growth and higher repayment as customers switched to housing loans from banks, which have lowered their lending rates Blackstone joins race for Jaypee cement unit Blackstone will back Dalmia Cement Bharat Ltd to bid for the assets valued at more than Rs20,000 crore Home loans: heavy liability but also big on tax benefits Borrowing money to buy a house not only gets you an asset but also helps you save on taxes along the way Public sector banks responsible for country's growth in all sectors, says Prabhat Patnaik Stating that the Indian economy has cut out different tasks for private and public sector banks, eminent economist Prabhat Patnaik on Sunday said that if PSU banks start functioning like private bank Five companies get nod for IPO, fund raising may hit Rs2,500 crore Companies including Mahanagar Gas and Equitas Holding, have received approval to launch their IPOs to fund business expansion, meet working capital requirements How a boom in corporate office leasing reflects India's solid economic base 2015 was the best year ever in corporate office leasing, and may be a concrete indicator that, despite near-term worries, the Indian economy is on solid ground. Hero FinCorp in talks with PE firms to raise Rs 800 crore via 10% stake sale Hero FinCorp, which employs over 2,500 people, has a loan book of Rs 5,000 crore, racing towards a billion dollars or Rs 6,600 crore. RBI seeks Rs 26,000 crore more for capital infusion by 2018 "The government may announce an increased amount in the Budget itself," said a senior government official aware of the deliberations. Defaulters must not flaunt money: Raghuram Rajan Your savings in trouble as public banks run out of money - Called gross Non Performing Assets, the growth in these non-recoverable loans of certain banks is nearing 100%. Norwest to step up India investment Norwest is bullish on food tech contrary to other funds, as well as vertically integrated e-commerce and financial technology firms Business leaders cautiously optimistic on India's prospects Colourful lions adorn a salon on the main street of Davos, inviting visiting business leaders to “Make in India”. Optimism about the world’s fastest growing economy contrasts with the economic gloo The legacy of Raghuram Rajan The RBI governor has reiterated his commitment to restore the central value to Indian business: trust. In time, when we look back on his term at the helm, this will be his enduring legacy Fractal Analytics looks to raise Rs 475 crore from private equity investors Global growth PE firm TA Associates, which invested Rs 150 crore for a minority stake in the company in 2013, will also look at partially exiting its investment, these people said. APMCs: from frying pan to fire? s the debate grows within the ruling BJP-Shiv Sena combine in the State over amendments to the Maharashtra Agriculture Produce Marketing (Development and Regulation) Act, agri-activists say any change Chinese phone maker Gionee seeks nod for single-brand stores in India It plans to increase the number of franchisee outlets to 100 by March and 250 by December, Gionee India CEO Arvind Vohra said. Godrej Nature's Basket: World food at the click of a button In its first-ever television campaign, Godrej Nature's Basket highlights the brand's relentless focus on quality and the simplicity of its mobile application Monte Carlo trims expansion plan, to open 30 outlets by FY17 The company operates 226 outlets across the country and sells through 1,500 multi-brand outlets. It will open five stores in the ongoing fiscal. Delhiites, come Febuary you can pick up your online purchases from nearest metro station - E-commerce companies, in a bid to ensure pick-up convenience, are likely to start delivering select products to metro stations. South Mumbai's Colaba Causeway, Fashion Street dying a slow death BMC corruption, globalization and lure of synthetics have sounded the death knell for two of Mumbai's globally-famed thrifting hotspots Colaba Causeway and Fashion Street Amazon invests Rs 1696 cr in India The investment is considered to be part of the $2 bn Amazon Group CEO Jeff Bezos had announced during his visit to India in July 2014 Facebook: Bullish Ahead Of The Print Facebook will report on Wednesday with consensus expecting $0.68 in EPS and $5.36b in revenue.Key focuses for the quarter are MAU growth, video ads and messenge Why Facebook's Free Basics aka Digital India is Cancer for the Next Generation In the last two days, Facebook has started some stealthy “chutiyapa” operation to con people into supporting Digital India, not via the Internet we want, but the Free Basic Internet, that refers to Digital India Initiative by Facebook aka internet.org for which we clearly said NO. Facebook is now sending its users notifications on how their friends … Microsoft Lumia 950 XL review blog: Living with Windows 10 Mobile Microsoft Lumia 950 running Windows 10 Mobile is finally here. We’ll be reviewing the device for a week, so follow our blog for all the details Flipkart claims to be on top of mobile traffic, ahead of Amazon and Snapdeal Flipkart has the most mobile traffic among e-commerce websites, according to data by SimilarWeb for December 2015. Reliance Jio users may be able to make calls from Airtel, Idea, Vodafone networks Last year, when Bharti Airtel tried to block voice calling apps, everyone thought it was aimed at WhatsApp. But as it turns out, the move could also have been aimed at a new feature from Reliance Jio that ensures that you can make calls using RJio’s phone number using rivals’ networks. The Mukesh Ambani-owned telecom service will come with a unique app called Jio Join that reroutes calls using the phone’s data network. Though it may sound like WhatsApp calling, it’s not the same. In WhatsApp calling both parties have to have strong data connectivity for a decent call to take place. If one of them doesn’t have a strong data connection, the quality of the call will suffer, and Apple's India facility, public WiFi launch: Tech news you need to know Apple’s plans to launch a 4-inch phone to a new facility in Hyderabad and the launch of the first high-speed public WiFi -- the morning dose of tech news Telecom sector will need 41.6 lakh skilled workforce by 2022: Ravi Shankar Prasad Telecom sector will need 41.6 lakh skilled workforce by 2022: Ravi Shankar Prasad - Stressing on the need to train people, Prasad said India should develop an architecture whereby it becomes the supplier of skilled workforce everywhere. Will 4G's arrival impact environment and human health in India? Will 4G's arrival impact environment and human health in India? - 4G has arrived. Some are excited about transferring data at a lightning speed while others are concerned about the health hazards the 4G towers will pose. Girish Kumar, professor at IIT Bombay in the Electrical Engineering Department for the last 24 years, analyses the impact on human health and environment in this interview with Parth MN. And it is not good news. Talwalkars picks up 19 per cent stake in online fitness and health discovery platform GymTrekker for an undisclosed amount. Talwalkars Better Value Fitness said it is picking up 19 per cent stake in online fitness and health discovery platform GymTrekker for an undisclosed .. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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