Feb 8, 2016 - NPCI's new mobile payment platform to link banking apps

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk When Goldman Sachs says it may be forced to examine if capitalism is working, it's time to pay attention. The issue at hand is the relatively high profit margins of the top companies (S&P 500) over the past 25 years. In theory, competition should attract more players and push margins down. However, big companies keep getting bigger through M&A, effectively reducing competition. Another reason is technology, which explains the success of a Google or an Apple. It's difficult to point a finger at these companies, as they keep innovating and investing their profits in technologies that will benefit humankind in the future. However, can the same be said in other industries? - Comment NPCI's new mobile payment platform to link banking apps The Unified Payments Interface (UPI) - a new open source platform for mobile-to-mobile fund transfers without account details - will bring about a disruption, Nandan Nilekani, former chairman of the Unique Identification Authority of India (UIDAI), said. 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. Brookfield, KKR in race for Jaypee's cement biz UltraTech, Dalmia Bharat, CRH and JSW Cement in the fray for 42-MT consolidation in the cement industry Zimmber set to raise up to $7 million from Snapdeal, others Development comes at a time when home services firms have been raising funds, expanding into new cities and introducing new categories Biggest private equity exit? Kohlberg Kravis Roberts Co may drive out of Alliance Tire With the value of the company said to be pegged at $1.5 billion, a deal at that level will mark the biggest PE exit from an Indian company. Bajaj Capital open to selling up to 26% stake The company is looking at a valuation of close to `1,200 crore, says group CEO Anil Chopra Bharat Biotech likely to be valued at $600 million as top PE firms queue up to buy stake Domestic private equity fund ICICI Venture, International Finance Corp, the investment arm of World Bank, will exit their almost 10-yr investment in Bharat Biotech. GDP data to set tone of Union budget Apart from taking cues on trends in economic growth, the government will be watching the nominal GDP data as well as private investment, consumption demands before finalizing budget allocations Birla Corp-Reliance Infra cement deal: the good, the bad and the ugly A reason for subdued sentiment could be that the Birla Corp-Lafarge deal fell through on regulatory grounds, making investors wary about M&As in the sector Sebi cites ‘mutual friends on Facebook’ as insider trading evidence While Sebi has been examining Twitter and Facebook for quite some time for investigation purposes, this is the first time it has used Facebook account as evidence Focus is on funds, not their managers It is not our domain to tell fund managers how to manage their funds. Stock and sector selection is a fund manager’s expertise. Our job is to ask questions, intelligent ones, so that you, the reader and the investor, can decipher them better Sebi works to deepen corporate, municipal bond markets Moves include allowing greater flexibility in using corporate bonds as collateral to borrow Banks step up forensic audit of borrowers Accounting firms see a surge in requests to probe companies delaying repayments or suspected of fraud What’s killing bank stocks? For quite a few banks, the money required to make a full provision for NPAs may wipe out a large portion of their equity and reserves NR Narayana Murthy for tax sops on ESOPs at startups nfosys co-founder N R Narayana Murthy is an investor in startups, through his vehicle Catamaran Ventures. He also headed of a 21-member Sebi panel that recently recommended a slew of reforms to make startups more attractive to investors and employees. Murthy is hopeful that a majority of these recommendations will be accepted by the government and be included in the budget. Excerpts from an exclusive interview with TOI: Business-to-business startups warm up to SMEs Small and medium enterprises (SMEs) in India have typically been ignored by most startups operating in the B2B space. Snapdeal may pick up 10% in on-demand home services platform Zimmber for Rs 50 crore It also comes less than two months after rival ecommerce firm Amazon led a Rs 150-crore funding round in home services startup Housejoy. Amazon India ends return policy for mobile phones, to offer limited replacements - Amazon India has notified buyers that effective today they won't be able to return mobile phones bought from the online retailer. According to the … First-mover advantage: Pepperfry reaping rewards of being the first online furniture retailer The furniture business is largely unorganized, and logistics make it a complicated and expensive proposition, but it's exactly these challenges that have worked to the advantage of the first movers. Digital-first brands to see strong growth in retail: Study "We expect digital-first brands to make significant advances in the unorganised retail segment such as furniture, budget fashion and groceries." E-commerce to generate around 2.5 lakh jobs in 2016 in the online retail industry says Assocham E-commerce is likely to generate during 2016 nearly 2.5 lakh jobs in India's online retail, including temporary employees, supply chain, logistics and ancillary units, an apex trade association has said. Private players may reap Rs 1.5 lakh crore revenue bonanza from BharatNet by 2020 Private sector players could be in for a Rs 1.5 lakh crore revenue bonanza by 2020 if the government accepts the telecom regulators proposals. Agra researchers developing 5G mobile networking system At a time when PM Modi is asking scientists to make innovation useful for the people and develop technology that is affordable to the masses, at Dayalbagh University a team of researchers are working to develop the fifth generation mobile network system (5G) and to integrate it with existing cellular systems on single platform. Will Reliance Jio 4G Lead To Negative Revenue Growth For Vodafone India? Vodafone India service revenue growth has been declining for the last six quarters and it is expected it will further decline thanks to Reliance Jio Free Basics a tariff issue, will take call considering India's best interests, says Prasad Trai has disputed Facebook's claim that over 11 million people used its platform to respond to the consultation paper, and argued that most of the res.. India to be among nations in upcoming 'technology driven' revolution: Arun Jaitley India to be among nations in upcoming 'technology driven' revolution: Arun Jaitley - Finance Minister Arun Jaitley on Saturday said that India has great strengths to be amongst leading nations in a technology driven forth industrial revolution that is expected to come about. Patchy mobile networks help Indian start-ups build technology for the next 5 billion It will take years for faster internet to reach this population and those who aren't even connected so far Telecom companies slam Trai for call drop test results The operators argued that Trai's data do not portray the actual performance of their networks. Apple's Cook confirms intent to set up stores in India The Apple CEO declared the news in a town hall Zomato breaks even in key markets including India and is on track to make a profit as early as June next year Zomato, which makes money through advertising and its delivery service, said it had hit operational break-even in India, the UAE, Indonesia and three other markets in the Middle East and Southeast Asia. Together, they account for the three-fourths of the company's revenue, co-founder and chief executive Deepinder Goyal told Reuters. How a bunch of entrepreneurs are trying to make video streaming services a successful biz proposition With mobile and broadband internet connectivity proliferating, a raft of content producers and OTT cos are looking to cash in on this new opportunity. Mumbai leads with Rs. 1050bn modern retail potential with NCR next at Rs. 779 bn: Knight Frank & RAI Brought out in association with Retailers Association of India (RAI), it looks into the emerging trends in multi-channel retailing, shopping centers and new formats. As part of the city-level analysis, the report identifies zone level supply-demand gap for apparel, F&B, Entertainment and Grocery across India’s top three cities of Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Bengaluru, with a recommendation on the way forward. Infosys plans to reward employees with new incentive structure 'iCount' As part of iCount, employees will be offered feedback and subjected to reviews throughout the year rather than just an annual appraisal. How Coding automation in IT industry is set to rob jobs? The game is afoot! Be it IBM's Watson or Wipro's Holmes, platforms based on artificial intelli gence are increasingly driving projects in the IT space. Why a slowdown in funding is taking a bite out of India's startups? Investors in India’s tech startups are becoming more discerning and tightfisted—offering less money, demanding larger stakes and expecting a clearer and quicker path to profitability. Mobile phones production in India may reach 500 million in 2 years The Secretary also said that making high-speed broadband available to individuals in rural areas is a priority of the government. Cognizant plans to set up SEZ in Telangana : Seeks government nod During the April-September period this fiscal, exports from these zones stood at Rs 2.21 lakh crore as against Rs 4.63 lakh crore in 2014-15. Twitter users upset with its plan to arrange tweets algorithmically The hashtag #RIPTwitter became the top trending U.S. item on Twitter on Saturday, after a report from BuzzFeed said the company is planning to change how it displays users’ tweets. BlackBerry looking to turnaround by cutting 200 jobs in Ontario and Florida to trim costs BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. New WhatsApp scam tricks users in opening malware sent by ‘friends’ WhatsApp has reportedly been the target of a new scam which deceives users into disclosing personal information. According to BT, the links appear to come from your friend but instead lead you to a discount page which then asks for your personal details. Micromax to enter new markets : Aims to be among world's top 5 handset companies The company will enter markets like Armenia, Kazakhstan and Georgia in the Commonwealth of Independent States (CIS) region. Cybercrooks target finance department employees in India, US and UK Symantec said the attackers operate with few resources, rely on social engineering rather than exploits, and use two publicly available RATs. 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