Apr 26, 2016 - TranServ raises Rs 100 crore for new products

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Sree Vijaykumar From the Editor's Desk If you thought engineers and doctors were still the hottest jobs in town, have you considered panel beaters (those who repair damaged car bodies) who earn Rs 37,500 per month, or Spanish tour consultants (Rs 32,200 per month). Apparently, one can get paid Rs 9,100 per month for milking cows. Demand-supply variations have created interesting job opportunities in the new India. Also in demand are digital marketing heads (Rs 3,75,000 a month, as per Teamlease) - Comment TranServ raises Rs 100 crore for new products TranServ processes more than Rs 100 crore in transaction value a month from its API solutions for partners, Anish Williams, CEO of TranServ said. Property Listing: Goyal Orchid Whitefield, Bangalore 1/2/3 BHK apartments, starting from Rs 35 Lacs.   Property Listing: Godrej Infinity, Keshav Nagar, Pune Luxury 2/3 BHK apartments, from Rs 38 Lacs - Rs 92 Lacs.   Asset sales seen as a band-aid for bleeding banks Bankers say proceeds from sale of assets are enough to only cover interest payments for a few quarters, after which the borrowers may struggle again Tech veterans launch `125 crore start-up fund Ideaspring Capital Ideaspring Capital to invest in home-grown product start-ups Coal India forced to change sales tactic Coal India must focus on quality and cost reduction to boost performance, chairman Sutirtha Bhattacharya says in letter to staff NSE to challenge Sebi panel’s findings, says did not flout rules Sebi technical advisory committee had said in its report that some traders on the exchange had unfair access to market data and trading systems Roiled by debt, is it back to the roots for Jaypee Group? Jaypee Group has sold its cash-generating assets to pare Rs75,000 crore in debt but EPC may hold key to its future Figures don't match: RBI says PNB wrote off Rs 8500 crore but bank says zero RTI replies to queries from The Indian Express show discrepancies between statistics maintained by the RBI and data supplied by individual banks. Rajan makes case for easier start-up norms Raghuram Rajan said start-ups are key to creating fresh jobs in the economy, adding that they need to grow into bigger businesses to keep creating employment Privacy and the digital economy are at odds Finding a balance between them will not be easy for tech giants like Google Indiabulls Housing Finance accelerates bond borrowing programme, to raise Rs 12,000 crore via bonds The company which is targeting a total fund raising of Rs 18,000 crore in this fiscal is looking to fund 70% of that requirement only through bonds. What triggers growth in SBI's investment banking State Bank of Indias investment banking arm doesn't attract half as much attention as it ought to, being an unit of the nation's biggest lender. Will retail loans save public sector banks? “After a long time, we see an improvement in the market share of public banks after consistently losing it since FY2012,” Kotak Institutional Equities said in a report. What triggered surge in Mahindra Mahindra Finance stock? Religare securities has upgraded M&M Fin stock giving a ‘buy call from ‘hold. The brokerage has set a price target at Rs 320 by March next year. India's economic indicators 'promising': Arvind Subramanian Describing the current economic scenario of the country as a "golden age", Chief Economic Adviser Arvind Subramanian has asked students to stay away from "gloomy news" and "negativity". Investors eyeing tax free bonds in secondary markets Wealth managers said the appetite is strong for most tax-free bonds but higher for the ones issued earlier this year because of higher yields. On algorithmic trading, Sebi should talk less and do more Sebi’s technical advisory committee has found evidence that the National Stock Exchange of India Ltd violated norms of fair access while providing co-location, which gave some brokers an advantage Dejargoned: Carbon pricing There is an environmental and health cost attached to higher carbon emissions Equitas sells additional 4% stake to Franklin Templeton The shareholding of Franklin Templeton Mutual Fund will now go up to 7.87% in Equitas, from 3.78% earlier DHFL to seek board's approval for raising up to Rs 6,300 crore Dewan Housing Finance Corporation Ltd (DHFL) today said Board of Directors of the company will meet on May 4 to consider raising up to Rs 6,300 crore. Banks need more government funds or risk downgrade: Moody's Moody's currently rates 11 PSBs, including State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank and IDBI. SBI Quick introduces facility to control debit card frauds Activation or deactivation of the debit card can be done using platforms like ATM,POS, e-commerce websites, international usage and domestic usage. HDFC to raise Rs500 crore by issuing bonds on a private placement basis Issue size of Rs500 crore secured redeemable non-convertible debentures will carry a coupon rate of 8.35% per annum and have 26 April 2021 as the redemption date Why StanChart isn’t finding enough buyers for its stressed loans The answer lies in the quality of the underlying assets and the lack of adequate recovery protection in India Triple threat: HDFC Bank, Kotak, IndusInd are tied in a battle for banking supremacy Twelve months ago, nothing seemed to be going wrong for the industry, which has been saddled with huge bad loans, a stagnating economy and low credit demand. Over 100 co-op banks to adopt e-banking More ecommerce will trigger big innovations in India: Study “We are engaging with the government in states and at the Centre to help create an enabling environment for the industry,” Viresh Oberoi said. RIL’s investments in refining pay off Reliance Industries expects gross refining margins to remain above $10 per barrel, says joint CFO Srikanth Venkatachari Germany's Villeroy & Boch plans to sell products online in India "We are considering the option of selling online in India, and will do so in the 12 to 18 months, or maybe earlier," said Nicolas Luc Villeroy. Not chasing GMV, will aim to add and retain high-quality users: Snapdeal CEO Kunal Bahl There has been a marked slowdown in GMV as companies cut down on discounts to build healthier margins and stronger balance sheets. AskMe Grocery expands hyper-local business Doubling the reach of its grocery delivery arm to over 80 cities Walmart India plans 50 more outlets by 2020 Wal-Mart Stores Inc, which runs cash-and-carry stores in the country through its arm, Walmart India, plans to deepen its presence by opening more stores in the existing states where it currently operates. Fuzzy retail policy makes Walmart move to slow lane At present, it operates only in the cash-and-carry space with 21 stores in nine states, of which the last one was opened in Agra in August last year Apple to push for uniform pricing, iPhone may cost same The move was triggered by flagging offline sales of iPhones and comes ahead of a proposed launch of Apples own stores in the country. India Handloom Brand bets on ecommerce to raise market positioning India Handloom Brand is drawing up new strategies that include retail and ecommerce, in a bid to raise the market positioning of handloom. Rising sugar prices can take away the discounts from your chocolates, biscuits and ice-cream With Maharashtra, a key sugarcane growing state hit hard by drought, all-India sugarcane output is predicted to fall 10 per cent in 2016. Ecommerce companies like Flipkart, Amazon may fail to meet vendor sales norm this year The government last month legalised the marketplace models operated by Flipkart and Snapdeal, allowing 100% foreign investment in such businesses. E-commerce faces tax, logistics hurdles, says CII-Deloitte report Implementation of GST will help resolve various issues concerning taxation and logistics with regard to e-commerce business, which has been recording rapid growth in the country, says a study. Companies forced to look at how to sell more from the same outlets: Satyadeep Chatterjee Interview with MD, consumer goods and services, Accenture Apple denies price hikes in India Apple's retail prices for the 16 GB variants of the iPhone 6s and iPhone 6, as per its website, are at still at Rs 62,000 and Rs 52,000, respectively. PepperTap set to close: Another nail in the coffin for India's once-hot online grocery business PepperTap will shut its operations across the country later this month following continued losses and shortage of funds to run its business. Online grocery biz: 'Hottest' segment now witnessing a freeze PepperTap will shut its operations across the country later this month following continued losses and shortage of funds to run its business. Funskool to double outlets , R. Jeswant, Senior vice President (Sales and Marketing) said: “The retail value of the toy market is Rs.2,500 crore. It is growing at the rate of 10 to 12 per cent annually. For the last five years, Flipkart ranked the 7th most influential brand in India, Amazon ranks 8th 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