Apr 6, 2016 - Corporates may get another chance to enter banking

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Sree Vijaykumar From the Editor's Desk Google CEO Sundar Pichai has had a remarkable journey. Buzzfeed shadowed him for 3 months for this piece, from Delhi (including a meeting with the President) to Las Vegas, to his home in Los Altos, California. The man (whose compensation package includes $200m in stock) comes across as a kind of boring best-for-the-company man, not the mercurial type so often lionized in the Valley. And at a company that optimizes for smart, Pichai is often described as a genius - much of that due to his effectiveness as a leader capable of wrangling other very smart, very opinionated people. He comes across as apolitical and mysterious (what does he really stand for?), but ultimately trustworthy. And that is important, considering how much Google knows about our lives! - Comment Corporates may get another chance to enter banking India’s central bank cut its main interest rate to the lowest level in five years and announced steps to increase liquidity in banking system, as it took stock of slowing inflation in Asia’s third-largest economy. The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   With Rs 6100 crore fund, Sequoia Capital sees 2016 as great year to make new investments in startups Sequoia Capital India strikes a discordant but optimistic note when it says 2016 will be of a “wonderful vintage” and a great year to make new investments in startups. The poor deposit life savings in banks, while rich take loans and flee, says PM Taking a dig at wilful defaulters, Prime Minister Narendra Modi on Tuesday compared them with the country's poor and backward who, according to him, 'voluntarily deposited' their life savings into the new bank accounts under the Pradhan Mantri Jan Swiss PE Fund Partners Group in talks with Infosys, TCS to sell CSS Corp at a valuation of $400-$450 million Swiss private equity fund has initiated discussions to sell domestic IT services company CSS Corp. The deal values CSS at $400-$450 million. Why markets should take heart from RBI’s monetary policy In the long run, the change in RBI’s stance on liquidity will ensure better transmission, something which a deeper rate cut could not have done Banks may face problem with shrinking deposits and rising loans As banks reduce the proportion of purchase of government bonds, yields on them could climb and consequently push up costs for even corporates. Government to push for consolidation of public sector banks In line with the blueprint, PSU banks were given Rs 25,000 crore in the last fiscal and an equal amount is planned for the current fiscal. RBI moves to boost cash supply A 25 bps rate cut takes the policy rate to its lowest in five years; other measures announced could facilitate transmission of previous cuts Welspun’s 1.1 GW green assets attract Tata Power, Greenko Singapore’s Sembcorp also shows interest; Welspun is seeking an enterprise valuation of Rs10,000 crore Kishore Biyani’s Future Group to buy FabFurnish.com Kishore Biyani says Future Group will use FabFurnish’s online platform and delivery model to grow presence in markets with no offline stores RBI rate cut: QE with Indian characteristics? The April monetary policy could have a significant bearing on monetary transmission if RBI is successful in achieving its new liquidity objective RBI details plans on differentiated bank licences The move will help widen sources of funding available to corporate sector, reduce banks’ infrastructure financing burden Small businesses are driving India's mobile banking growth story Retail customers are not driving growth. Here's why Rajan is against naming defaulters No problem if they're in the wilful list, having taken a bank for a ride; however, everyone unable to pay isn't dishonest; new discussion paper coming on large loan exposures Rajan says RBI probing Panama Papers Says having foreign accounts is not an offence per se GAP's Banana Republic to make India entry, to partner with Arvind Retail American fashion label Banana Republic will open its first store in India by early next year to catch up with the latest wave of expansion by global retailers. Allcargo Logistics lines up Rs 300 crore investment Allcargo Logistics plans to invest Rs 150 crore each in CCI Integrated Logistics and its planned logistics park in Jhajjar, Haryana. Government mulling FDI nod for food etailers like BigBasket, Grofers At a recent meeting between industry officials and senior government officials, it was also discussed if the definition of food should be expanded to include grocery. Huawei India launches their own Honor ecommerce store - Find the best deals for Honor phones on their newly-launched ecommerce site Samsung outpaced Apple in India premium segment in 2015: CMR He added that refurbished iPhones sold in India would also cannibalise on iPhone SE sales. Toshiba appoints Tomohiko Okada as India MD Okada will lead Toshiba India to the path of next level of growth across the group's storage, social infrastructure, and energy businesses in the coun.. India's cybersecurity doors are left wide open Lack of information-sharing about cyber attacks and adequate skills around cybersecurity are the biggest hurdles to effective prevention from cyber at.. Apple exploring investment options in India: Telecom Minister Apple & other global players are exploring opportunities to invest in India's electronic segment, which has attracted investments of over Rs 1.2L .. DoT to cut spectrum usage charge to 3% from 5% of adjusted net revenue After evaluating impact on the exchequer, the government, in January, 2014, decided to cap SUC at 5 per cent on spectrum that were to be procured in future auction. Haptik raises Series B funding from Times Internet, as Kalaari exits Personal assistant app, Haptik today announced that it had raised an undisclosed Series B round and forged a strategic alliance with Times Internet. Financial technology startup CashCare Technology looks to raise up to $7 million Having partnered with 10 ecommerce firms and two non-banking financial companies, CashCare offers easy EMI options for goods in the price range of Rs 10,000 and Rs 1 lakh. Top B-school graduates again pick ecommerce as most preferred sector for jobs According to the survey, shared exclusively with ET, as much as 30% of the students from the 2016 graduating batch indicated ecommerce as their top choice for employment. Traders body CAIT demands that government should fix the loopholes in new FDI policy and provide a level-playing field to small retailers Alleging violations of new FDI policy by major online market places, traders body CAIT has demanded that government should fix the loopholes. E-commerce norms to provide level playing field, clarity: Commerce Minister Nirmala Sitharaman The statement assumes significance as some industry experts have raised concerns over certain conditions of the e-commerce guidelines. Swiss PE Fund in talks with Infosys, TCS to sell CSS Corp at a valuation of $400-$450 million Swiss private equity fund has initiated discussions to sell domestic IT services company CSS Corp. The deal values CSS at $400-$450 million. Satya Nadella turns Microsoft into No 2 after Amazon after embracing cloud computing The access to computing and the friction associated with it has come down. We opened two data centers in India recently to tap into this and to enable the local entrepreneurial energy in India to be able to create companies TCS sets up open innovation platform to tackle local community challenges The centre will seek to find ways to reduce the number of school dropouts, improve soil and water health, and ease parking woes in the city, among other initiatives. 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