Feb 15, 2016 - Bank of Baroda bites the bullet

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Sree Vijaykumar From the Editor's Desk So what is the definition of a startup? As per Paul Graham of YCombinator, a startup is a company that is designed to grow really fast (5-7% a week is an internal YC benchmark). That's it. Nothing else matters. Growth could be revenue or it could be active users. Of course, trickery like bribing users with more money than their lifetime value doesn't count. The beautiful thing about being narrowly focused on growth is that other factors like capital, talent and eventually revenues and profits generally follow if you have growth. But growth is elusive and is never smooth, even in the case of seemingly seamless journeys like that of Facebook or early days Twitter. These companies had to employ growth teams whose job was to ensure that user growth continued from millions of users to tens of millions to hundreds of millions. With Twitter user growth stalling and LinkedIn showing a drop in user engagement, their stock prices have taken a beating recently, so the thinking extends to Wall Street too - Comment Bank of Baroda bites the bullet The bank has made all the provisions for bad loans dictated by the RBI asset quality review at one shot Complimentary Report : Omni-channel marketing-Do you understand the fundamental shifts that have changed the marketing landscape? Marketers that proactively influence the customer experience across channels and use marketing technologies significantly outperform those that do not. Listed banks’ NPAs surge by Rs1 trillion in December quarter 29% rise in NPAs over the September quarter as banks responded to RBI’s call for a clean-up by March 2017 Make in India week: Arun Jaitley hints at banking reforms Public-sector banks are required because they perform a major role in financial inclusion through their geographical reach, Jaitley said. Relocate your manufacturing base to India: Amitabh Kant tells Japan Japanese companies should relocate their manufacturing base to India as this is the "only way" to strengthen bilateral partnership between the two countries, DIPP Secretary Amitabh Kant said. How policies can shape Make In India The NDA has identified labour reforms as one of the key measures to improve the ease of doing business in India India needs to learn new skills for making global brands: Kumar Mangalam Birla Birla said that making global Indian brands requires patience, time and consistency in terms of product quality Australia keen to invest in India's LNG, health, financial sectors Looking at India as a "favourable" investment destination, Australia is keen to invest in LNG, financial services, education and healthcare sectors of the USD 2-trillion economy. Snapdeal raises $200 million from Canadian pension fund, Iron Pillar Snapdeal didn’t disclose its current valuation Bear market in Indian equities seen driving money to mutual funds Fixed-income mutual funds are benefiting from an equity selloff that’s driven the benchmark Sensex into a bear market Ratan Tata invests in retail tech start-up Snapbizz SnapBizz Cloudtech, which devises technology for grocery stores, said it raised an undisclosed amount of funding from Ratan Tata Wyndham in talks to buy Sarovar Hotels at Rs500 crore valuation Transaction would be a significant expansion for Wyndham in India; deal still two months away from closure India's GDP numbers dependable; rigging not possible: Kaushik Basu There have been talks in certain quarters that the higher growth figures of CSO are not in tandem with what is visible on the ground. Nokia Alcatel merger story draws investors Nokia closed its 15.6 billion euro ($17.6 billion) acquisition of Alcatel Lucent, allowing the combined firm to cull many overlapping operations and products. Bleeding banks can be opportunity: If you have the patience, go for SBI The SBI stock tanked 9 per cent during the week underperforming the benchmark Sensex, which declined 6.6 per cent. Shares of HDFC Bank, fell 8 per cent. Why Indian banks need to be stress tested Bad loan disclosures show that problems might run deeper than admitted Coal India manages costs well, but concerns on revenue remain Realization for coal sold via fuel-supply pacts declined 1.6% due to a higher proportion of sales to the power sector and more contribution from low-grade coal in the sales mix Investors must keep faith in 'inherent strength' of Indian economy: Arun Jaitley Investors must keep faith in 'inherent strength' of Indian economy: Arun Jaitley - Finance Minister Arun Jaitley said the government will continue to pursue policies to support growth amid the global slowdown. Govt orders merger of NSEL, FTIL Mahindra & Mahindra (M&M)'s 15 per cent year-on-year (y-o-y) increase in revenues for the December quarter were in line with expectations, led by higher volumes and realisations. While volume growth for automobiles grew 15 per cent y-o-y on new Paytm works on brick-&-mortar avenues before bank kicks off Mobile app may become Metro entry ticket How Coca-Cola India is taking local innovations global Drought hit rural demand last year; hope for a good monsoon this time, says Coke India President Venkatesh Kini Retail technology startup SnapBizz raises funding from Ratan Tata This is Tata's eighth investment in startups in 2016 so far. Tata, former Tata Group chairman, has invested over 20 startups so far. How a bunch of online marketplaces is making luxury products affordable Luxury market has been largely fuelled by high net worth households but, now a new aspiring middle class has gatecrashed the party. China Lunar New Year holiday retail sales up 11.2% year-on-year China's retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year. Future Retail Q3 profit trebles to Rs 15 crore Future Retail's net sales stood at Rs 3,266.32 crore in the quarter under review, up 24.85 per cent, as against net sales of Rs 2,276.3 crore in the year-ago period. Reliance Retail launches limited edition LYF mobiles Reliance Retail launches limited edition LYF-4G mobiles for Valentine's Day celebrations - The handsets - Flame 1 and Wind 6, priced at Rs 6,399 and Rs 7,099 respectively, would be offered with a bouquet of offers that can be used at places like Mainland China, Cafe Coffee Day and others. E-commerce boom revs up sales for commercial vehicle makers like Tata Motors For commercial vehicle makers, the revenue opportunity from the ecommerce boom is projected at as high as $500 million over the next three to four yea.. Apple now offers buybacks on iPhone 6s, 6s Plus to attract more customers The brand has starting with discounts between Rs 9,000 and Rs 25,000 on a range of select models including its own Riding the 4G wave: Qualcomm India to supply carrier aggregation support technology The company has carrier aggregation support technology that it is looking to supply to mobile makers like Micromax and Samsung, Sunil Lalvani said. Relocate your manufacturing base to India: Amitabh Kant tells Japan Japanese companies should relocate their manufacturing base to India as this is the "only way" to strengthen bilateral partnership between the two cou.. Here Are the Mobile Startups That Could Gain From Facebook's Fumble in India Three startups trying to crack the emerging market nut. Internet freedom: What would have happened if India chose FB Free Basics TRAI barred operators from charging different rates for Internet access, defeating Facebook's Free Basics and other such plans. AT T is testing 5G mobile network AT&T announced plans on to begin testing a superfast fifth generation, or 5G, mobile network with speeds up to 100 times faster than the most rapid existing connections. The real reason why Facebook India MD is quitting A day after closing down its controversy-ridden Free Basics programme here, Facebook India Managing Director Kirthiga Reddy today stepped down from her current role and will relocate to the US. The Vodafone India to invest Rs 2500 crore in Karnataka Vodafone is finally done with its first phase of 4G operations in India by covering five major areas, Kerala, Karnataka, Kolkata, Delhi-NCR and Mumbai. Having launched the services this week in Mumbai, Vodafone 4G is now live in Bengaluru. Facebook India's Managing Director Steps Down After Free Basics Rejection A offensive remark about colonialism by a Facebook board member hit a nerve with those who feel the tech industry is dominated by an out of touch elite Nokia expects spike in VoLTE deals as India potential grows In India, there is no mechanism/regulation in place currently for interconnection between VoLTE/VoIP operators and regular 2G/3G operators. Ontario Teachers Pension Plan and Singapore-based investment entity Brother Fortune Apparel leads a $200 million funding round in Jasper Infotech Ontario Teachers Pension Plan have led a Rs 1,367.6 crore funding round in Jasper Infotech, which owns and operates Indias largest online marketplace Snapdeal.com. How a bunch of online marketplaces are making luxury products affordable Luxury market has been largely fuelled by high net worth households but, now a new aspiring middle class has gatecrashed the party. Bengaluru-based retail technology startup SnapBizz raises an undisclosed round of funding from veteran industrialist Ratan Tata This is Tata's eighth investment in startups in 2016 so far. Tata, former Tata Group chairman, has invested over 20 startups so far. 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. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India