Jan 4, 2016 - IDBI Bank raises Rs.900 crore via Basel-III compliant bonds

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Sree Vijaykumar From the Editor's Desk A man named Karl Martin Sandberg has written and composed more billboard hits than Phil Spector, Michael Jackson or The Beatles. This Atlantic article explores the obscure creators behind pop stars like Taylor Swift and Maroon 5. While the American music industry goes to great lengths to hide the factory behind 'artists' like Rihanna and Katy Perry, K-pop makes no bones about it. Recruits are trained in pop academies for years before debuting in a new girl or boy group. A short-attention-span culture demands short-attention-span songs. The writers of Tin Pan Alley and Motown had to write only one killer hook to get a hit. Now you need a new high every seven seconds-the average length of time a listener will give a radio station before changing the channel. "It's not enough to have one hook anymore," Jay Brown, a co-founder of Jay Z's Roc Nation label, tells Seabrook. "You've got to have a hook in the intro, a hook in the pre, a hook in the chorus, and a hook in the bridge, too" - Comment IDBI Bank raises Rs.900 crore via Basel-III compliant bonds The instrument—IDBI Omni Tier-II 2015-16 series-II—carries a coupon rate of 8.62% per annum Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans It is time we pulled 'I' out of Brics and India must walk alone: Uday Kotak Uday Kotak said that if you are today clubbed with Brazil, Russia, even China, it is not a good company to be in. It is time we pulled ‘I out of Brics. Private equity: Industry builds on a path-breaking year In the past year, the strident growth in entrepreneurship has definitely fired the imagination of policymakers, too TCS does a u-turn, restarts talks to buy Perot IT business from Dell Perot generated about $2.6 billion in annual revenue when it was acquired by Dell in 2009, according to company reports. Quikr plans to invest Rs 250 crore in home services market to beat rivals It plans to spend this money on product development including technology as well as marketing and for strategic investments in startups. Yuvraj Singh invests in Rahul Yadav’s start-up Intelligent Interfaces Yuvraj Singh has made an undisclosed amount of investment in Rahul Yadav’s start-up Credible investor to get board seat in IDBI bank makeover The government has approved the banks proposal to raise Rs 3,771 crore through QIP, which translates into a more than 20% stake to new investors. IndusInd keen on home loan space, set for payments bank tie-up IndusInd Bank is planning to enter the low-cost housing loans segment and is in the final stages of stitching up a partnership with a payments bank licencee. No interviews: PSBs to strengthen exam for clerical posts The decision to change the recruitment process follows Prime Minister Narendra Modi's directive that there was no need for holding interviews for lower level posts. India Inc's Merger and Acquisition deal tally dips 31% to $23 bn in 2015 Corporate India's shopping spree witnessed a significant decline last year with deals worth USD 23 billion, which was down 31 per cent over 2014, says a report. Social enterprises increasingly getting more capital, from impact and venture capital funds There might still be a lack of clarity over the term social enterprises, which are for-profit ventures looking to make an impact on the bottom-of-the-pyramid segment. Hopeful of GST Bill in ensuing Budget session: Jaitley ‘Optimistic since halfway through next session numbers in Rajya Sabha will turn favourable’ PNB launches enhances portfolio of digital banking solutions Punjab National Bank launches host of digital banking solutions, green PIN facility - Green PIN facility was also launched under which customer can obtain duplicate PIN for debit card instantly through SMS request, it said. Investors give up rights for shares in startups Institutional investors began buying common stock—generally owned by employees of startups—often directly from workers or from platforms that sell employee shares 2016 the year of reality check for Indian startups? While the momentum of funding is expected to slow down, Series A funding — the first institutional capital a startup receives — is likely to continue to be robust. KSIC plans to expand reach of Mysore Silk saris To expand the reach of the famed Mysore Silk saris, the Karnataka Silk Industries Corporation (KSIC) has proposed to open new outlets within and outside the State this year.Keeping in view the rising 15 startups that appear best placed to enter the $1-billion valuation club In an effort to find the next big thing in India's startup ecosystem, ET Magazine reached out to some of the sharpest minds in venture investing. With valuations of startup peaking, 2016 is set to witness spree of buyouts & consolidation Trigger for acquisition could be many — it could be to acquire a competitor to consolidate ones position, or a set of complementary skills. India's e-commerce industry likely to touch $38 billion mark in 2016 India's e-commerce market was worth about USD 3.8 billion in 2009, it went up to USD 17 billion in 2014 and to USD 23 billion in 2015. Biggest appetite: Kolkata beats Delhi in online food ordering as per Zomato survey The fallacy of big discounts is a lesson that not just Zomato learned; TinyOwl and Foodpanda, also clued in, have scaled back their operations. Fashion leading category that helps e-commerce players grow One in three orders for e-commerce player Snapdeal was from the 'fashion category' in 2015 The telecom industry is set for a tech revolution The interplay of government initiatives such as Digital India and the roll-out of 4G LTE services will create a platform for exponential growth WhatsApp accepts the outage as people suffered on New Year World's largest messaging service WhatsApp reportedly went down on the new year's eve. Several users faced trouble in sending messages through WhatsApp fro Telcom companies' 4G push to help advertising sector grow 15% in 2016: Study Telcom companies' 4G push to help advertising sector grow 15% in 2016: Study - As per an Internet and Mobile Association of India study, as much as 60% of subscribers in the country access the net through mobile phones. It is expected to reach 315 million by 2017. TRAI asks telecom operators to start compensating for call drops The rules mandate telecom operators to provider Re 1 compensation for each call dropped, with a compensation cap of Rs 3 per day. Service providers remain defiant and say compensation to subscribers will be paid only after court orders them to do so. Phone apps making users vulnerable to cyber crimes India telecom regulator gets public response With nearly two million responses by December 31, 2015, the telecom regulator’s consultation paper on differential pricing for data services, has triggered a loud debate and massive advertising spend Why telcos won't compensate users for call drops Telecom operators of the country have rose in disagreement after Telecom Regulatory Authority of India (TRAI) implemented the call drop compensation from January 1, 2016. Outlook 2015: Mobile Apps in India V/S China and US Microsoft criticises India's cloud policy Microsoft has criticised the Centre’s proposal to empanel a set of cloud service providers for rendering government services. To go only app or not: e-commerce firms weigh benefits of sticking with a website-based model With more than 70 per cent of Internet users in India accessing the Web through their mobile phones, the debate over app-only versus website-based model in the e-commerce sector is not surprising. Wh How some online beauty services are trying to draw users away from brick-and-mortar salons Beauty services is a highly specialised field and hyperlocal startups dont have the skills on their own to be successful in this space. TCS back at the table to acquire Perot IT business from Dell : Restarts talk but faces bidding war with Cognizant Report says that this move comes at a time India's $146-billion IT industry is facing slowing revenue growth. Wharton organizing global India-focussed summit : Red-hot startup economy to be the focus Wharton India Economic Forum to focus on startup economy this year - Wharton had kicked up a lot of dust in 2013 when it cancelled the then Gujarat chief minister Narendra Modi's keynote address at the India Economic forum. Sweden can provide clean technology to India, says Swedish Consul General On the other hand, Sweden exports engineering products, automotive and telecom equipment, pulp and paper and chemicals to India. TRAI reminds telecom service providers to start compensating for call drops Telecom regulator TRAI has written to operators to ensure compliance with call drop regulations, effective January 1, even as service providers remain defiant and say compensation to subscribers will be paid only after court orders them to do so. Facebook's Free Basics campaign backfires as TRAI asks supporters to avoid using set template for comments Facebook’s aggressive Free Basics campaign backfired with the telecom regulator TRAI asking respondents to its ‘Net Neutrality’ consultation paper to comment on specific issues rather than following a template provided by the social media giant. Sify to invest $20 million in Hyderabad : Plans its largest delivery centre in India Sify will build the infrastructure and capabilities involving an investment of $20 million (Rs 132 crores approximately) in a phased manner. 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