Feb 22, 2016 - Bad loans exceed market value of public sector banks

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Sree Vijaykumar From the Editor's Desk As founder of TradeBriefs, one of the themes I am passionate about is how the Future of News will play out. In this video, tech columnist Rich Jaroslovsky talks about how discovery is as important, if not more important than personalization. Personalization has the tendency to push you into a rabbit hole where things become less interesting, because your world view is restricted to what algorithms think you will be interested in. Discovery implies stumbling across content that I did not know I would be interested in. For media companies, achieving the right balance between personalization and discovery is key. Also, excessive personalization on social networks has created echo chambers where people are only exposed to opinions they already agree with. This could be dangerous in the long run. Is it possible that we are more polarized today, politically, racially, along religious lines, etc, because the internet and social media keep reinforcing our most ill-informed opinions? - Comment Bad loans exceed market value of public sector banks All listed public sector banks have gross non-performing assets in excess of their market capitalization Complimentary Report :Convergence, Competition, Commotion- Insights from the Global C-suite Study - The CMO perspective As customer experiences take center stage, the role of the CMO is expanding into new territory. The study investigates how the top 6% of CMOs are successfully taking the reins. Read on to know more as to how a modern day CMO embraces creative destruction by enriching the arc of engagement and Increasing the digital acumen. IDFC Alternatives in talks to buy Welspun Renewables assets for Rs10,000 crore Negotiations, including on the value of the deal for 700MW of wind and solar energy, are still on and may take about two months to conclude Pros of a spot gold exchange in India An Exchange in India would help much to create a vibrant gold ecosystem matching India’s large share of global gold consumption Private equity funds to tighten their purse strings If 2015 was a good year for India’s e-commerce sector with more than a 110 deals and close to $5.7 billion in inflows — up 40% over 2014 — this year could turn out to be somewhat more subdued. Ajay Piramal spots value in venture capital investing The family office of Ajay Piramal is stepping into venture capital investing to get a slice of the fast-growing entrepreneurial ecosystem in the country. Govt’s bonanza from lower oil prices The government will garner `2.1 trillion revenue from the oil sector in fiscal 2016 by way of cess, excise and royalties, almost double that of a year ago, say analysts Ratan Tata pushes for easing of 5/20 rule ‘Discriminating policies’ holding back progress, says chairman emeritus of  Tata group, which has stakes in Vistara, AirAsia Union Budget set to boost farm sector Spending on irrigation, crop insurance to be doubled; e-platform to be developed for farm produce Hyper-local discovery app Magicpin raises $3 million Magicpin aims to create a social platform to help people connect and discover shops, restaurants or other services around them PIB clears India Post's Rs 800 crore proposal for payments bank The Reserve Bank has granted payments bank permit to the department, which is already into providing financial services and has 1.55 lakh branches across the country. Signs of bank credit growth, but not in job-creating sectors Small and medium industry, construction sectors have a lot of jobs potential and the fact that growth of credit to these sectors is negative does not augur well for job growth Government looking to provide banking services in every village of the country Government looking to provide banking services in every village of the country - "Our target is to create banking access point in every village through new technology," said Ravi Shankar Prasad. ETMarkets roundtable: Cut govt stake in public sector banks to below 51% to fight NPAs, says Arundhati Bhattacharya Fears about the future of state-run banks are overblown and almost every bank would survive since the govt is the owner, the SBI chief said. Capital is the biggest problem for the ARCs, which had around Rs50,000 crore of bad assets under management in fiscal 2015 Capital is the biggest problem for the ARCs, which had around Rs50,000 crore of bad assets under management in fiscal 2015 Indian startups expected to raise about $700 million in 2016; Investors increase focus on profitability Indias startup landscape, which saw a deluge of venture capital and private equity funding in 2015, will once again see a significant number of startup ventures hitting the market for fresh capital, according to a report by venture debt firm InnoVen Capital. Flipkart India: First Indian E-Commerce App to Cross 50 Million Downloads On Playstore Flipkart India: The giant E-commerce destination of the country Flipkart has recently crossed the 50 million milestone/ total Flipkart app installations in the country DLF brands may soon shut down Kidskart.com Timmy Sarna, CEO at DLF Brands, said the company has made Kidskart dormant since it wants to focus on brick and mortar retail which is the key focus area. Reliance Jio ready to cover 80% India in second half of 2016: Mukesh Ambani Reliance Industries (RIL) Chairman Mukesh Ambani has said that the telecom unit is “ready” to roll out its fourth-generation (4G) services. Nestle's Maggi market share shrinks 35%, ITC's Yippee grabs 33% The row over Maggi noodles, which led to a ban that was overturned, has seen its market share drop by almost half, according to industry insiders. Pepsi banks on power of seven brands Growing competition shifts focus to a few key brands that will drive investments Snapdeal eyes 20 million daily transacting users by 2020 He added that investors have liked the strategy and is reflected in the company's valuation that saw a 30 per cent jump in the last round of funding. CPF to add 150 ready-to-eat chicken outlets by end 2016 Thailand-based multi-national $45 billion Charoen Pokphand (CP) group is expanding its quick service restaurant (QSR) Five Star Chicken network in its core Indian markets while adding new items on the menu, a senior official said. Reliance Jio retail arm to launch LYF-branded Smart TVs after smartphones: Report Real Time News, India articles  Logistics e-commerce firm Xpressbees gets Rs 85 cr funding from SAIF Partners, IDG Ventures Xpressbees delivers over 60,000 shipments daily Reliance Jio ready to cover 80% India in second half of 2016: Mukesh Ambani “We are ready to launch (4G services) and in the second half of 2016, 80% of India's population will have high-speed mobile broadband Internet. So 8.. Pandora's phone Republican presidential candidate Donald Trump called on Friday for a boycott of Apple Inc products until the tech company agreed to help the US government unlock the cellphone of one of the killers in last year's San Bernardino, California, shooting. Indian mobile internet users to grow three folds by 2017: Google exec India is expected to have 500 million internet users by 2017, 400 million of which will go online using mobile phones, a Google exec has said. Airtel rolls out 4G speed of up to 135 mbps Airtel rolls out 4G speed of up to 135 mbps - Airtel currently has the largest 4G network in the country with LIVE services in over 350 towns. Reliance Jio 4G services launch in second half of 2016: Mukesh Ambani Reliance Jio will be ready to commercially launch its 4G services in second half of 2016, says Mukesh Ambani, head of Reliance Industries Limited. Telecom, IT industry await tax exemption in Budget Xolo Era 4G launched in India on Snapdeal at Rs. 4777 Xolo has launched a new budget smartphone in India called Xolo Era 4G. The smartphone is launched in India via Snapdeal. It is launched at Rs. 4,777 in India. 50% of phones to be made in India by end-FY17: Lenovo Sudhin Mathur, director, Smartphones, Lenovo Group said together Lenovo and Moto account for 11.6 per cent of the smartphones sold last quarter, a jump of over 2 per cent compared to Q3. A $4 phone? India's Freedom 251 doesn't add up video The Telecom Ministry is believed to have sought clarification from Ringing Bells for marketing its 'Freedom251' mobile phone without BIS certification and have asked UP government to check its credentials, as per BJP MP Kirit Somaiya. 50% of Indian teenagers prone to mobile phone addiction India has the world's second highest mobile phone users with the figure standing above one billion. Samsung mobile pay service to expand to China The South Korean company said on Friday that Samsung Pay is coming to China in March -- a month after rival Apple Pay. Help push digital connectivity in India: Government to Microsoft Govt seeks Microsoft's help to provide digital connectivity in inaccessible areas - Microsoft is running a pilot project in Andhra Pradesh using the white space technology to deliver broadband. SigTuple receives a round of seed investment from wide-ranging and prominent investors including Sachin and Binny Bansal, Accel Partners SigTuple declined to share the exact amount of investment it has received so far. Seed investments are typically in the range of $500,000-$1million. How 118-year-old Godrej & Boyce is trying to unlock growth drivers among its legacy businesses G&B builds everything from locks to rocket launchers, from cupboards and ACs to satellites, and yet struggles with indifferent growth. How startup founders are finding inspiration, comfort and support in informal networking groups Being part of a strong network of people who have faced similar challenges is extremely valuable to get help and support as needed, says Siddharth Singh, ISB. Small-town dilemma: How high costs, weak logistics & low consumer interest pose a challenge for ecommerce industry Indias once thriving ecommerce industry now considers a future with slower growth and tougher questions from once spendthrift investors. China's Huawei unveils first personal computer aimed at premium business market Huawei today unveiled its first personal computer, a convertible tablet aimed at the premium business market. 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