May 20, 2016 - PSU banks' top brass may miss bonus for not meeting targets

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Sree Vijaykumar From the Editor's Desk I had to read this news (related to student suicides in Kota) a couple of times to see if I was missing something - The IIT entrance examination is tough, and requires more than just proficiency with the Class XII syllabus. That prompts students to take up coaching classes, Irani explained. To address that, "for the first time, the government, in conjunction with the IIT Council, will ensure that the question papers (of JEE) conform to Standard XII syllabus". "If degree-level questions are asked, we cannot expect a school student to answer," the minister added. She said the present system was encouraging students of various school boards to go to places such as Kota "to get that knowledge". So, the minister believes making an entrance examination dumber (one of the few that actually works well) is the solution to student suicides! Wow! PSU banks’ top brass may miss bonus for not meeting targets To add to the banks woos, their earnings remained muted as loan growth slowed to a 50-year low in 2015-16 even as recovery from defaulters remained a challenge. Allianz may end tie-up with Bajaj Finserv over stake row "Bajaj has had a meeting with IRDA (Insurance Regulatory and Development Authority) on the differences with Allianz," said an IRDA official. Strong business model, financials help NBCC emerge a winner Co plans to increase its revenue share from redevelopment segment; Public Works Organisation status keeps the co debt-free & cash-rich. India’s biggest task is to find capital to fund growth: Piyush Gupta DBS Group Holdings CEO Piyush Gupta on how India is at the bottom of a curve that is going to take off and why Raghuram Rajan should stay on at RBI BP sells an 11.5% stake in Castrol India Home Page>CastrolBP BP sold 56.8 million Castrol India shares at an average price of Rs365, valuing the deal at Rs2,075 crore What start-ups can learn from the Fintech meltdown Smart entrepreneurs will do well to understand the depth of the recent issues in the Fintech space Sobha Developers’ share buyback: much ado about nothing Rs330 a share for the share buyback, about 2.32% of the paid-up equity share capital, that Sobha Developers offers, is underwhelming being a mere 8% higher than current price The risks of creating giant banks The merger of SBI with its associate banks runs counter to 2008’s lessons Air India merger led to a mess: Ashwani Lohani Ashwani Lohani, Chairman and Managing Director, Air India, has blamed the national air carrier’s woes on the merger with Indian Airlines that never took off as expected and previous bosses who pinned SBI associate banks’ staff call strike on Friday against merger The All India Bank Employees’ Association claims State Bank of India decided to go ahead with the proposed merger despite opposition RBI eases norms around FDI in credit information companies RBI to consider allowing higher FDI limits for entities which have an established track record in running a credit information bureau Sebi tighten screws on participatory notes Sebi has proposed an increase in disclosure requirements and restricted transfer of participatory notes to curb money laundering Restricting lending limits for large borrowers "laudable": SBI Restricting lending limits for large borrowers will clearly help the banks to reduce their NPA levels going forward, an SBI research report has said. Syndicate Bank to raise Rs 4,300 crore this fiscal Additionally, Rs 1,600 crore will also be raised by issuing tier-II bonds at an appropriate time during the financial year 2016-17, it added. India's growing consumer market may steal China's thunder: Beijing media Before this much-anticipated tour of India by Tim Cook, some major Apple suppliers such as Foxconn had also announced plans to expand their business in India. HSBC to close nearly half its India branches, focus on digital banking About 300 employees might be hit by closure of 24 branches Indian banking's Houdini act Of the 29 banks which have reported their earnings, public sector banks have seen a 73% increase in gross NPAs over these two quarters, while private sector banks have seen a 45% increase Capital gains for equity MFs held for over a year tax exempt For Indian citizens, 60 days is extended to 182 days in the FY if the person is a crew member of an Indian ship, or leaving India for the purpose of employment outside India BankBazaar ties up with Yes Bank Print Live Hope springs eternal in the PNB investor’s chest Despite poor March quarter results, PNB shares gained 3.25% on Wednesday, while the broader market dipped mildly IFC to invest Rs 134 crore in Biyani's Future Consumer Joins global investors such as Proterrra, Verlinvest Make in India, PM may tell Cook Getting an assurance from the Apple CEO on manufacturing in India will mean much to the NDA government Flipkart's courier seeks to monetise logistics investments, build data for e-commerce Ekart goes live next week, with cross country delivery in 4 days; by June, it will service 3,800 pin codes, enable pickups in 8 cities More Indians Are Now Buying Smartphones Online: Study A city-wise break-up for mobile transactions showed that 75 percent online shoppers in Kolkata are open to mobile transactions followed by Chennai. Inspect tea processing units: FSSAI to state officials The regulator has recently conducted a large-scale laboratory analysis of tea powder for determining the limit on iron filling. Ready with Cover Story, Biyani takes high street to chase H&M, Zara - While the brand was recently soft-launched earlier this month at a select few Central stores in a shop-in-shop format, the company is now taking the EBO route and will throw open the first Cover Story store for customers at Infinity Mall, Malad. That's not all, the company will follow it up with a second store in Delhi thereafter. Logistics firm Rivigo to treble truck fleet to 3000 unit, banks on driver relay system One of the largest company in the logistics industry, driver relay system proven to be good,Chennai to Delhi deliveries in two days unlike eight conventional days. How startup YELDI is making cashless transfers smoother, faster YELDI, a Chennai-based startup has been working on near-field communication (NFC) technology as a medium for transactions. India's Tata Communications to sell 74% in data centre to ST Telemedia Tata Communications, which provides telecom and data services infrastructures selling a 74 percent stake in its data centre business to Singapore-based ST Telemedia. As 4G network rolls in, this is the right time to be here: Tim Cook Reliance Industries is likely to team up with Apple for a long-term relationship wherein the tech giant will supply a couple of million VoLTE iPhones compatible with Reliance Jio's upcoming 4G network, as per reports. Telecom regulator issues consultation paper on free data NEW DELHI: The Indian telecom watchdog on Thursday floated a consultation paper in an effort to explore transparent models that can achieve benefits of free dat... Net neutrality debate is back COAI has asked for clarity in the norms on differential pricing for CECN by the regulatory body. TRAI issued a consultation paper on net neutrality today. Huawei ranked as 'India's most trusted telecom diversified brand' Commenting on the accomplishment, Jay Chen, CEO, Huawei India said “Staying customer-centric and enabling customer success is the cornerstone of all Huawei''s strategies and this recognition is an acknowledgment of our efforts in India. We thank all our customers, partners and well-wishers for their trust that today makes us the country’s most trusted brand in the telecom category.”. How telecom play is challenging in India Management gurus counsel that running businesses is akin to playing games. Solutions to intricate management problems are taught most effectively through th.. Tax issue between Indian govt and Nokia not to impact its phone business: ICA Nokia has announced plans that will see its brand return to the mobile phone and tablet market With a Rs 99 price tag, Namotel Acche Din mobile is world's cheapest smartphone, says promoter Madhava Reddy Namotel Acche Din, which is priced at just Rs 99, is being marketed by Madhava Reddy run startup as the world's cheapest smartphone. This new 'cheapest ever' mobile phone has come quickly in the wake of the Freedom 251 mobile phone fiasco, which was priced at Rs 251, but ended up virtually being branded as a scam with promoters getting sued and a FIR being lodged. Another budget smartphone that hit headlines recently was Docoss X1 priced at Rs 888, which was supposed to start deliveries from May 2, 2016. So far, Madhava Reddy's company has not provided any extra information about the smartphone and there is very little transparency about the gadget and that holds true of even the photos being bandied about - there is no clarity whether these pictures are of the actual handset or not. MEDIA-Ericsson in talks with Indian telecom companies to help digitise operations - Source link: (bit.ly/2040rGK)- Note: Reuters has not verified this story and does notvouch for its accuracy(Bengaluru newsroom) Fashion curation apps like LimeRoad, WithMe, Voonik are carving a business out of recommending what to wear Startups like WithMe , Styledotme boast of a stickiness that keeps users coming back, but is this a winning model? Myntra suffers tech glitches; spams its app users with notifications of products being dispatched and delivered without users ordering them Myntra app users took to Twitter to complain of incessant notification being sent on their phones. Location-based offline retail discovery platform Appie raises a bridge round of funding worth around $1 million Location-based offline retail discovery platform Appie, which is operated by Mumbai-based Appie Mobiquity Pvt. Ltd, has raised a bridge round of funding worth 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