Mar 21, 2016 - Access Asset Managers, others to buy 25% stake in Alliance Insurance Brokers

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Sree Vijaykumar From the Editor's Desk Using Google-maps usage data to help untangle city traffic problems seems like an idea that should have already been implemented by now. Technology companies know a lot more about a city's traffic patterns than the city officials trying to solve the problem. The US Department of Transportation has announced a partnership with Sidewalk Labs, a unit of Alphabet (Google's parent) to do exactly this. Indian cities can get some quick gains using such data as well. One can accurately simulate the results of various actions such as adding bus routes or additional lanes during rush hour. The increase in productivity alone could add some basis points to our GDP growth rate - Comment Access Asset Managers, others to buy 25% stake in Alliance Insurance Brokers Private equity firm Access Asset Managers and some other investors will put in Rs 55 crore to acquire 25% stake in Alliance Insurance Brokers. Wary of round tripping, lenders' loan recovery efforts hit a fresh hurdle Banks are encountering a new problem as they try to recover bad loans by selling defaulters' assets. Banks borrow record amount from RBI with aggravating cash shortage Banks borrowed Rs 2.5 lakh crore — the highest ever in a normal day of operation — under various Liquidity Adjustment Facility programmes. Sajjan Jindal-led JSW Energy set to acquire 1,000 MW power plant for Rs 6,000 crore Cash-crunch due to the downturn in steel prices and burgeoning debt have forced JSPL to shed assets. “As per company policy, we do not respond to speculations. Gaja Capital makes final close of Fund III at $240 million Mid-market private equity firm Gaja Capital has made the final close of its third fund - Gaja III - at $240 million, up from its earlier target of $225 million, at a time when uncertainty continues to dog fund raising efforts by domestic PE firms. Kingfisher House fails to get any bids at SBI auction A real estate adviser said the asking price for the headquarters of Vijay Mallya’s defunct Kingfisher Airlines was too high Cleaning up India's economic lifeline Most toilets in train coaches are a hole with a flushing system, so that the excreta falls straight on to the tracks, corroding them and spreading disease State Bank of India launches overseas education loan State Bank of India launches “SBI Global Ed-Vantage” an overseas education loan. The bank has long been a leader in fulfilling the aspirations of students who wish to pursue higher education in India and abroad. Being the largest Bank in the country, it is the first point of enquiry for students who get admissions to various courses and are in need of finance. A grim scenario for banks’ capital adequacy Bad loans that have not been provided for make up close to one-fifth of the net worth of Indian banks Heineken may take control of Vijay Mallya’s United Breweries A move against Mallya would likely be a prelude to Heineken raising its stake in the maker of Kingfisher beer to above 50% IFC raises Rs200 crore via 15-year Masala bonds This is the third Masala bond issuance by International Finance Corporation Can monetary policy increase inequality? Increase in money supply is likely to benefit those who are more connected to financial markets Raghuram Rajan’s traffic signal rules for global monetary policy After Raghuram Rajan’s ‘Dosanomics’ caught the fancy of commentators, it’s now his traffic signal rules for global monetary policy that are getting attention Mallya case: Sebi probing allegations of round-tripping of USL shares Sebi is looking into information shared by UK financial regulator about six accounts linked to Vijay Mallya Essar Steel struggling to execute plan to improve financial health Comprehensive plan chalked out in Nov to improve operations and financials remains a work in progress Private equity funds, textile companies vie for debt-ridden Alok Industries The potential suitors are believed to be more keen on individual assets than taking control of the listed Alok Industries. Alibaba may tieup with Tatas to venture into online retail market In India Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year. Alibaba may set up a technology development centre in India Chinese ecommerce giant Alibaba Group is evaluating options to set up a technology development centre in India in yet another global endorsement. Apple plans fifth avenue-like store in India, to set up smaller outlets in the country The company wants to set up most of the Apple Stores of over 2,000-3,000 sqft in India, including space for technical support and holding small workshops. Online shopping to rise by 78% this year: Assocham-PwC Average online purchases are expected to increase by 78 per cent this year on the back of attractive deals and aggressive marketing of merchandise, according to a report. Office space sees improved demand: JLL Office space absorption witnessed an increase across major metros owing to strong leasing activity and limited supply in key markets in February, said a report by property consultant JLL. DLF Mall of India wins 'Best Retail Project of the Year' award - The Elite Awards were presented by Devendra Fadnavis in Mumbai. Infibeam IPO to hit markets today; 10 things you should know Infibeam Incorporation is Ahmedabad based e-commerce company offering cloud-based, modular, customisable and scalable technology platform as well as e-commerce infrastructure... India a key market, says Ericsson In the calendar year 2015, in terms of business, India was among the top three countries globally, with 5 per cent contribution to Ericsson’s overall net sales, behind China and the US. In India, the Soon, the Net will be free of US control, have new governors. In new ICANN, who can? The ICANN will now be governed by a “multi-stakeholder” model, including businesses, individual users and members of governments across the world. Network sharing by telcos will ensure high-quality service: Paolo Colella Interview with India head, Ericsson iPhone SE: Why India might be among first countries to get the new Apple phone iPhone SE might have a price that appeals to emerging markets like India, promising Apple large volumes India coughs up a cold call: no more sweet nothings The fall from grace for codeine — once the world’s most lauded cough medicine — had begun nearly half a century ago before it was formally tombstoned by India earlier this week. Corex, a cough syru Slowing inflation, shrinking exports and a spectrum deal Dip in inflation raises hopes of rate cuts; Indian exports contract 5.66% in February; Airtel snaps up Videocon's spectrum for Rs4,428 crore India aims to capture 20% market share in IoT: Nasscom As the global IoT business is expected to touch $300 billion by 2020, India aims to capture 20 per cent market share in another five years, he said. Alibaba eyes major India expansion in 2016 Alibaba says it is looking at opportunities to build the business organically or through other means Micromax founders eye 40% revenue growth in FY17, to focus on dethroning Samsung from top Micromax, which posted a profit of Rs 363.8 crore in FY15, expects to sell up to 56 million mobile phones in the country by March 2017. ICICI Securities and Kotak Mahindra Capital exit from the public issue of the online shopping portal Infibeam Ahead of Infibeam Incorporation's IPO early next week, two bankers - ICICI Securities and Kotak Mahindra Capital have exited from the public issue of the online shopping portal. Why Artificial Intelligence won’t overtake humans as of now? Some of the inventions from the 3,000-people strong research division include the automated teller machine, the floppy disk, the hard drive How can technology cut corruption in India? The BBC's Shilpa Kannan takes a look at the technology minimising human involvement. Finland-based mobile phone charger maker 'Salcomp' plans to set up factories in India “Were looking for leased space in Noida DTA for one factory and another one will be set up in Southern India,” MD of Salcomp India said. Alibaba planning to expand India presence : May set up a technology development centre Chinese ecommerce giant Alibaba Group is evaluating options to set up a technology development centre in India in yet another global endorsement. Micromax founders focus on dethroning Samsung : Eye 40% revenue growth in FY17 Micromax, which posted a profit of Rs 363.8 crore in FY15, expects to sell up to 56 million mobile phones in the country by March 2017. India to have a 20% market share in Internet of Things sector by 2020, says Nasscom India aims to capture 20 per cent market share in Internet of Things (IoT), an emerging sector which would be worth $300 billion by 2020, a top Nasscom official said today. 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