Mar 29, 2016 - Bharat Bank announces association with Chillr, to make payments easier for its users

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Sree Vijaykumar From the Editor's Desk Helicopter money is a reference to an idea made popular by the American economist Milton Friedman in 1969. The basic principle is that if a central bank wants to raise inflation and output in an economy that is running substantially below potential, one of the most effective tools would be simply to give everyone direct money transfers. In other words, print more money and give it to the people. In theory, people would see this as a permanent one-off expansion of the amount of money in circulation and would then start to spend more freely, increasing broader economic activity and pushing inflation back up to the central bank's target. Direct transmission could be more effective than QE, which relies on trickle-down effects from financial markets and doesn't expand the overall money supply. Prolonged QE has probably set the foundation for the next asset bubble already. The challenge is that if helicopter money works, governments will be tempted to use this even in good times, leading to chances of hyperinflation - Comment Bharat Bank announces association with Chillr, to make payments easier for its users Chillr is directly linked to the customers bank account wherein the user can transfer money to any person with an account in the same bank in India. Finance Ministry pushes PSU banks to sell stakes in non-core assets The Finmin is mounting pressure on PSBs to divest their holdings in non-core assets as it wants the lenders to raise resources internally to meet their capital requirements. GAAR still remains an irritant for FIIs, doubts persist over FII structure There is confusion over how tax authorities will determine "commercial substance" to consider FII eligibility for claiming treaty benefit. Coal scam: CBI court convicts Jharkhand Ispat, two directors The CBI court found Jharkhand Ispat and its two directors guilty of criminal conspiracy and cheating Infuse Ventures to raise Rs1,000 crore clean tech fund The fund will invest in agriculture, healthcare, technology for small firms; investor exits remain a challenge Milk Mantra in talks with Samara Capital to raise Rs200 crore The new investor will acquire a significant minority stake in Milk Mantra Raghuram Rajan warns against side-effects of aggressive monetary policies RBI governor Raghuram Rajan says aggressive monetary policy actions by one country can lead to measurable and significant cross-border spillovers on other economies Sebi to revise rules to reinstate discretionary power on penalties The Securities and Exchange Board of India will start to determine penalty amount keeping a company’s net worth in context How many billionaires are self made? Data shows that 63% of the world’s billionaires are self made, and their wealth accounts for about 59% of the total wealth of billionaires worldwide Microsoft, Yahoo in talks over private equity deal The talks are preliminary, a source said, and Microsoft is focused on preserving the relationship between the two companies. Microsoft and Yahoo have longstanding search and advertising agreements.​ IDBI Bank claims strike failed, unions say near success Chennai, March 25 (IANS) The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union. Tata Sons to buy out Arun Bhatia from AirAsia India Once the deal is complete, Tata Sons’s holding in AirAsia India will go up from 41.06% to 49% LIC increases stake in IDBI Bank to 14.37% IDBI Bank transferred 7.16% equity stake or 15.87 crore shares to LIC on 23 March High interest rates will make Indian economy sluggish: Arun Jaitley "Where in the world you get 12.5 per cent return of interest? So if deposit rates become 12.5 per cent, then what should lending rates be, 14 to 15 per cent?" GVK sells stake in Bangalore International Airport to Fairfax Rs2,149 crore deal with Prem Watsa’s Fairfax for a 33% stake in Bengaluru airport operator will reduce GVK Power’s debt by Rs2,000 crore Employees may earn interest on inoperative EPF savings account Central board of trustees will on Tuesday review a decision which prevented inoperative employees provident fund accounts from earning interest Is Wipro’s $15 billion goal grounded in reality? Probably not, as Wipro expects its analytics and infra management units to clock CAGR of 13% and 12.5%, much lower than the 20% required to become a $15 billion firm by 2020 Demand for VC insurance rises as startups go through tumult With the startups ecosystem booming in India, venture capitalists are pouring funds in the hopes of high returns. With the startup culture still in the process of evolution, the buck stops with the VC when the startup fails. One reason why equity investors prefer India over China: world-class companies In 2015, India emerged as the worlds fastest growing large economy with its 7.4 per cent GDP growth rate outstripping Chinas 6.9 per cent growth rate. Disney Co in talks with DLF brands for India retail foray The Walt Disney Co is in talks with Indias DLF Brands to open stores in the country, hoping to cash in on the growing demand for branded kids clothing and accessories. Myntra in talks to take over Forever 21's retail chain in India Forever 21 entered India half a decade ago and has changed a partner already before tying up with DLF Brands but hasnt been able to scale up business. Farm Tazza scouting for 40 crore for expansion Bets big on kirana stores to sell produce sourced from farmers Ecommerce in India; Flipkart loss Rs 2000 cr, Amazon India loss Rs 1723.6 cr, Snapdeal loss Rs 1328.01 cr; discounts fall Ecommerce in India: Top cos awash in losses; Flipkart loss Rs 2,000 cr, Amazon India loss Rs 1,723.6 cr, Snapdeal loss Rs 1,328.01 cr; big online retailers like Flipkart, Amazon India, Snapdeal, Myntra, Jabong and Shopclues, among others, are waking up to the harsh realities of business. Offering discounts for the past few years might have got them loyal customers, but the mounting losses are now too big to ignore, not to mention the heat from investors breathing down their necks. That means there is more bad news for the consumers, as discounts are expected to show a fall across the board. Calls from WhatsApp to landlines soon You may soon be able to dial landline or mobile numbers from popular internet apps such as Skype, WhatsApp and Viber, following clearance for inter-connect agreements between internet service providers and telecom operators by an inter-ministerial panel of the government on Monday. Telecom panel seeks clarity from Trai over reserve pricing Spectrum auction to start mid-July; may rake up over Rs 5 lakh - The auction will be the biggest-ever in terms of value and is more than double the gross revenue of the telecom services industry. Telecom Comm clears entry of virtual network operators Telecom Commission approved a new category of unified licence for virtual network operators, with an entry fee of Rs 7.5 crore. India has the slowest Internet speeds in Asia, but things are changing slowly The country's average Internet speed is a fifth of the US's and a ninth of South Korea's, a new report says. How mobile browser is making a comeback and challenging apps Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. Flipkart's engineering, advertisement units to report to CTO Peeyush Ranjan Flipkart has consolidated all its engineering teams under chief technology officer Ranjan, as the online retailer looks for synergies across its growing technology groups. 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online: Survey In what can be seen as a testament to the IT city's growing fondness for e-commerce, a recent survey indicates that 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online. Dell services President Suresh Vaswani may exit Dell post integration with Japan's NTT Data Suresh Vaswani may exit from the combined entity to pursue other opportunities after helping with integration of Dells IT Services business with Japans NTT Data later this year. How mobile browser is making a comeback and challenging apps? Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. Facebook's Oculus starts shipping Rift virtual reality headset The earliest investors in Oculus's fundraising campaign on crowdfunding website Kickstarter in 2012 started receiving their Rift headsets from Monday. How does this technology calculate power consumption, gadget-wise? Your electricity bill runs into, say, Rs 20,000 a month on an average and you are bothered about how to find which gadget is the culprit that is eating into your family budget. Don't worry. There'a solution to your problems. More than 6 in every 10 Bengaluru's youth buy electronic gadgets online, says survey In what can be seen as a testament to the IT city's growing fondness for e-commerce, a recent survey indicates that 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online. Wipro, Jubilant FoodWorks tie up for energy management services Wipro, Jubilant FoodWorks tie up for energy management services - The partnership is said to help reduce energy and operational costs. 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. 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