Mar 14, 2016 - DBS to buy Royal Bank of Scotland's Indian onshore operations for Rs 1000 crore

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Sree Vijaykumar From the Editor's Desk They are boring. They are useless. Everyone hates them, so why can't we stop having meetings? This New York Times article explores this issue. You can make a whole career of planning, holding and attending meetings and never dare contemplate the possibility of your being exempt. They can't be avoided, but maybe they can be made bearable. Perhaps Paul Graham's prescription for the only kind of "allowable meeting" is a starting point. "There are no more than four or five participants, and they know and trust one another. They go rapidly through a list of open questions while doing something else, like eating lunch. There are no presentations. No one is trying to impress anyone. They are all eager to leave and get back to work." - Comment DBS to buy Royal Bank of Scotland's Indian onshore operations for Rs 1000 crore The transaction includes three main parts of RBS India operations — a network of 10 branches, corporate loan platform and debt capital market, two people familiar with the matter told ET. Government plans to ease fund-raising by startups The government is looking at a host of measures to ease fund-raising by startups as it plans to make the ecosystem more attractive for them. ​​Sources said that the finance ministry is holding consultations with other agencies about rules related to wholly owned subsidiaries. BP signals willingness to take back arbitration on natural gas pricing Move follows oil ministry’s decision that firms won’t have the freedom to price natural gas so long as it pursues arbitration proceedings against the government ShopClues set to buy mobile payments start-up Momoe Development in line with ShopClues’s plans to add add a payment service to its platform Modi has changed investors' perception of India: Takehiko Nakao It is better for India to be more open and integrated to the value chains and production networks of the world, especially in East Asia Some caveats for bank merger zealots The global experience has not been inspiring. A focus on size of banks detracts from managerial concerns India's banking sector well capitalised: Lagarde Says big-ticket infra investments could stimulate economy India Post selects Deloitte as consultant for payments bank The pilot for the payments bank is set to start from January and the full-fledged operations will start by March. Indian market norms much more robust; P-Notes well covered: Sebi Areas where challenges remain include those involving high-frequency trades and the commodities derivatives Big is beautiful: Centre plans to merge PSBs into larger entities The government’s plan to amalgamate the roughly two dozen public sector banks into six large institutions is part of its attempt to bolster the capital base of these lenders. What’s next, Mr Vijay Mallya? Hounded by investigation agencies, Mallya left India on 2 March. Now, there are three possible scenarios in this case UK’s Campden Wealth joins hands with Patnis to enter India Campden Family Connect, a JV between Patni’s family office RAAY Global Investments and Campden Wealth will have Indian members with assets worth $30 million and above Why the banks are in such a mess Bank loans outstanding to infra and metals sector currently account for over half the total loans outstanding to industry. It wasn’t always this high Everything’s official about Aadhaar now Lok Sabha has approved Aadhaar Bill. Since it’s a money bill, Rajya Sabha cannot exercise a veto: in effect, Aadhaar can be used in official dealings now After NSEL, it’s start-up dreams for Jignesh Shah NSEL scam accused is attempting to build two new tech platforms—JS Innovation Lab and Startup Networkz—to offer incubation, other facilities to start-ups India's star shines bright amid global economic challenges: IMF chief Christine Lagarde The world's fastest-growing large economy, she said, is on the verge of having the largest and youngest-ever workforce. RIL arm to invest Rs1,300 crore in Haryana for electronics hub The company also expects that the electronic hub and footwear park would attract further investments of `2,600 crore, create 20,000 job opportunities Global investors increasingly grow disillusioned with Indian economy After Credit Suisse downgraded the Indian market, Deutsche Bank has come out with a report flagging global investors concerns over Indias reform process. Flipkart takes Uttarakhand to court for taxing ebuyers Flipkart has sued the state of Uttarakhand for its decision to impose a 10% entry tax on goods purchased through ecommerce. SnapBizz: Fuelling retailers' margins in a snap Bengaluru-based SnapBizz devises technology for corner grocery stores and improves their profitability Snapdeal to hike salaries by 20% for top performers The increase, effective from April 1, will also include ESOPs for the top performers. A look at five offbeat food ventures which are experimenting with new ideas One good thing about living in India now — when interest in food as entertainment is at an alltime high — is the potential to innovate and monetise that passion. Future Group open to selling Ravi Shankar's Sri Sri Ayurveda products Future Group open for selling Sri Sri Ayurveda products, says Kishore Biyani - "If the customers want it then why not? We are open to the thought." Telecom companies seek rollback of plan to levy service tax on spectrum allocation A group of telecom companies has termed the Union Budget proposal to levy service tax on spectrum allocation "punitive and ....   Vodafone trails Airtel in 4G speed on lack of waves “Airtels larger 4G spectrum allotment appears to be helping it to provide much higher data speed than Vodafone, the US brokerage said. Mukesh Ambani's Reliance Jio to make FY17 tough for telcos, say rating firms On other key parameters, India Ratings said it expects a decline in voice revenues and moderation in average revenue per user in the next fiscal.   Micromax, once the rising star of India's smartphone market, struggles A year ago, Micromax vaulted past Samsung Electronics to become India's leading smartphone brand. Today, its market share has nearly halved, several top executives have resigned, and the company is looking for growth outside India.   HC slams UP tax department for taking money from Flipkart in lieu of VAT dues A bench of justices Vinod Kumar Misra and Tarun Agarwala also imposed Rs 2 lakh cost on the erring tax officer and ordered him to pay the money to Flipkart. MTN moves ahead with its plans for e-commerce; to diversify revenue streams away from voice to suit its customers modern digital lifestyles By Gugu Lourie MTN has a bold plan to tap into the digital space in Africa and Middle East by diversifying revenue streams away from voice to suit its Why a bunch of online fashion startups are going niche By going niche in their offerings and positioning, online fashion startups is standing out in an over-cluttered market and avoiding direct confrontation. I do not want to be one of those start-ups that begin big and fizzle out: Nilisha Bhimani, founder of stayfabulous.in And, they are clued in to the latest trends, what are celebrities wearing, etc.”Nilisha keeps herself updated on the latest fashion trends with Instagram and Pintrest. So, cut your suit according to your cloth.”The good thing about the online business is that there are no overhead charges such as rentals. The customers are aware of the latest fashion trends, thanks to the Internet. The 28-year-old has since taken bigger strides, as her trunk shows have been a big hit. For my latest trunk show in Chennai, I showcased tribal jewellery, which had a lot of takers. Channel Partners account for 40% of Dell's sales in India Almost two years after Dell revamped its go-to-market strategy, channel partners account for 40% of the American computer technology companys sales. DeitY plans to pitch for 'Invest in India' at IT Trade Fair CeBIT The delegation will include officials from the Centre and state governments as well as top executives from India’s leading ICT companies. Android Marshmallow coming to Xperia Z5, Z5 Premium and Z3 Plus “If you have #Xperia Z3+ / Z5 / Z5 Premium - it's " M for the weekend " time. #India \m/ :)” Online harassment must be met head-on: Tech summit panel Online harassment and sexism is demeaning women and can no longer be brushed aside as an ugly side of social media and the gaming industry if they are to thrive, panelists said at the South By Southwest tech meeting in Austin. 'I was never told I have limits' ‘I was never told I have limits’ - 35 quotes from Indian startup journeys 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