Jun 14, 2016 - Tackling bad loans: Banks can now take equity in debt-laden companies

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Sree Vijaykumar From the Editor's Desk If it seems like terrorist attacks are happening more and more often, it's because they are. Last year marked the biggest annual rise in deaths caused by terrorism, with more than 32,000 people killed in attacks around the world. The Institute for Economics and Peace has compiled its annual Global Terrorism Index and looked at the figures from 2000 to the end of 2014. It found terrorism is rising dramatically and private citizens are increasingly the targets. But only a tiny fraction of terrorist attacks occur in Western nations, and of those, only one in five is perpetrated by Islamic extremists. Not surprisingly, where deaths caused by terrorism are increasing (Iraq, Pakistan, Afghanistan, Syria), there's a corresponding increase in people seeking asylum. About 70 per cent of registered refugees come from the 20 deadliest countries for terrorist attacks. Tackling bad loans: Banks can now take equity in debt-laden companies RBI has thrown a lifeline for overleveraged companies and banks to put an end to future bad loans by permitting capital restructuring which would see banks taking equity in companies. Flouting codes: Poor customer practices come under RBI fire The RBI has said there has been increasingly a large number of cases of mis-selling of third party products, particularly insurance products to customers. RBI offers relief to banks on bad loans RBI’s new tool S4A allows banks to convert up to half the loans held by corporate borrowers into equity or equity-like securities RBS India chief Brijesh Mehra to head corporate banking at RBL Mehra, who has over three decades of experience of working for foreign lenders, will be reporting to Managing Director and Chief Executive Vishwavir Ahuja, the Kolhapur-headquartered bank said. What binds Donald Trump and Brexit? Whether it is dealing with Brexit or Trump, elites are batting for their interests brazenly. IMF is very much part of that How to deal with the corporate debt problem Policymakers must address the corporate governance problems in banks Is Sebi overstating money laundering concerns? It had expressed concerns about unsponsored DRs and some of the other new proposals during the committee’s deliberations Microsoft to buy LinkedIn for $26.2 billion Microsoft’s acquisition offer of $196 per share represents a premium of 49.5% to LinkedIn’s Friday closing price As big corporates shy away, can India Post get the payments bank model right? RBI governor Raghuram Rajan is not ‘overly perturbed’ about payments bank licences being surrendered as it shows firms aren’t not doing proper assessment while applying for the banking licence India world's fastest growing economy, asserts BJP Having inherited a “very bad economy” amidst global slowdown and two successive years of drought, under the leadership of Prime Minister Narendra Modi India has emerged as the fastest growing economy, the BJP said on Monday. How global trade has evolved over the last 140 years The share of India in global exports has fallen but India’s trade is more diversified than 140 years ago, according to a new database of historical trade flows Resolution of bad loans: in search of a solution As India searches for a solution to its bad loan problem, it may be worth looking around the world to see how some other economies are tackling similar problems Tata Power to acquire Welspun Renewables in Rs9,249 crore deal Tata Power Renewable Energy has signed an agreement to acquire Welspun Renewables Energy in a bid to grow its clean energy portfolio to 2.3 gigawatts IFC leads race to buy IDBI stake Is India the Next China? India may be the worlds fastest growing economy, but its still not large enough to pull up global growth the way China could over the past decade when the dragon was growing at double digit rates. SEBI and FMC: The story of a merger that took a dozen years The final merger of FMC and SEBI came when Finance Minister Arun Jaitley announced it in his 2015 Budget. Ahead of $20-billion outflow, banks alert RBI about possible dollar shortage in market SBI, Indias largest lender, has suggested that the regulator should consider lowering the cash reserve ratio to improve liquidity in the money market. How are property developers dealing with the debt burden? India’s top builders are selling assets and refinancing loans in bid to cut down debt, but without much success What the fall in IIP numbers means for Indian economy Qualitative change in the tax system is expected through the introduction of Goods and Services Tax, the BJP resolution noted SBI begins working on framework for subsidiaries merger State finance ministers to discuss model GST law this week The Centre is planning to roll out the indirect tax from the next financial year beginning April 1, 2017, but the GST bill has been pending in Rajya Sabha because of stiff opposition from the Congress party. French luxury label Longchamp to debut in India French luxury leather goods brand Longchamp has announced its India entry and will open its first store in New Delhi this week. At some Coca-Cola exclusive stores, a can of coke worth Rs 30 costs Rs 100 The prices have risen from Rs 60 to Rs 100 this summer, and all stores are now charging Rs 100 since the past fortnight. All the prices are printed on the cans. Ecommerce major Flipkart revises policy to allow sellers to weigh packages themselves Flipkart has revised its shipping policy to allow sellers, who do not use the companys warehouse facility, to weigh and measure their products. Jewellery industry hit by mandatory PAN Card for purchases over Rs 2 lakh The issues faced by the industry may strengthen smuggling, warns GJF Amazon continues to lobby for hybrid ecommerce model in India In its most recent attempt, CEO Bezos, in his meeting with PM Modi, reportedly lobbied for inventory platform to be allowed on Amazon FreeCharge wallet now accepted at 1,00,000 merchants in India It has also forged partnerships with brands like Shoppers Stop, McDonalds, Cafe Coffee Day, Cleartrip and RedBus AmazonBusiness wants to expand to new cities for greater business-to-business retail From an 8-pincode pilot in Bengaluru, started a year back, Amazon-Business in India continues to be a work-in-progress compared to its US market. Government plans more incentives for mobile parts makers Sources say the government, as a part of phased plan, is likely to change duty structures around mobile phone components such as camera module. Microsoft to strengthen unified communications with LinkedIn buy Microsoft Corp. has revealed that it is buying professional networking service site LinkedIn for about $26.2 billion, which has more than 430 million members... Nokia signs $1.5 billion deal with China Mobile The deal would entail This phone company has rolled out a Launchpad program for Indian startups Singapore-based mobile tech firm U2opia has launched a Catapult Programme to help Indian startups grow. The company will invest around $3 million over MobiKwik partners with Central Mall to build India's first chain of cashless malls Zee Media Bureau New Delhi: MobiKwik, the online payment company joined hands with the leading lifestyle brand Central Mall to present India its first chain of cashless malls. Under this grand collaboration 32 Central Malls in 20 cities go cashless from today and will accept only MobiKwik for payments. Presently in India MobiKwik hold the highest reach in offline cashless payments and has over 30 millions users with 100000 retailers. Freecharge aims to reach 5 mn merchants in next 18 months Freecharge expanded its reach by partnering with payment aggregators like ePaisa, CCAvenue, Ezetap and Pine Labs to facilitate payments through Freecharge wallet at various PoS terminals and online payment gateways. Croma rejigs strategy to make existing stores profitable Croma has about 96 stores in most major metros and a few smaller cities in Gujarat and Maharashtra; it plans to grow within these locations Giftxoxo acqui-hires online hobby platform BookMyInterest Bangalore-based Nreach Online Services Pvt. Ltd, which runs online gifting platform Giftxoxo has acqui-hired BookMyInterest, a marketplace for hobbies and Bombay Shirt Company gets bridge funding; family offices of Jack Ma and Joseph Tsai to invest in India Bombay Shirt Company has secured a bridge round of funding from Patni Group, while the family offices of Alibaba Group chairman Jack Ma and executive vice 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