Jun 23, 2016 - Banks will lend to kirana stores but not fancy startups: RBI Governor Raghuram Rajan

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Sree Vijaykumar From the Editor's Desk I have seen several ambitious companies getting wiped out because Google decided to enter their space. Given its financial and human resource strength, it is difficult to compete with Google head on. But can Google entering your space actually help your company? This article argues that focusing on small businesses as customers can help you survive and overcome the Google onslaught. Large innovators like Google can in fact help validate the market for you. Banks will lend to kirana stores but not fancy startups: RBI Governor Raghuram Rajan "Angel and venture capital investments in startups have exploded in the last few years, and a few successes will energise more people to lend," said Rajan. State Bank of India says no law broken in funding cluster bomb maker The merger involves integrating the role and services of 70,000 staff and 7,000 branches; analysts say the process could take up to three years to complete RBI fixes MSS ceiling at Rs30,000 crore for current fiscal year This ceiling will be reviewed when the outstanding balance reaches the threshold limit of `15,000 crore GIC, Blackstone among investors interested in DLF’s rental arm stake The sale of 40% stake in DLF’s commercial property arm by the promoters to institutional investors aims to raise about `12,000 crore Angel, VC investment in India has grown 40 times in five years: Rajan Says globally banks tend not to lend to start-ups as they have little to show in terms of collateral when they seek money Sebi eases currency derivatives rules Sabi says market participants will have to gradually bring down their open positions to comply with applicable limits within a time period specified by the stock exchanges STCG on sale of listed shares will be taxed at flat 15% Short-term capital gain will be computed as the difference between net sale proceeds (after deducting the incidental transfer charges) and cost of acquisition Varsity Education said to pick banks for Rs2,000 crore India IPO Varsity Education appointed JM Financial, IDFC, JPMorgan and Kotak Mahindra Bank for the share sale Sebi, exchanges step up vigil to tackle Brexit jitters Securities and Exchange Board of India and stock exchanges have beefed up their surveillance mechanism to deal with any excessive volatility in the run up to the Brexit referendum whose outcome is keenly awaited by investors SoftBank founder says Nikesh Arora victim of retirement reversal Masayoshi Son described Nikesh Arora an ‘absolutely extraordinary person’ who was a ‘victim’ of his desire to hang on to power a little bit longer NMDC fears cash shortage on share buyback plan: report NMDC’s buy-back of up to 25% of its own shares will raise as much as Rs7,530 crore for the govt which owns four-fifths of the company, but drain its ability to finance expansion plans next fiscal year Aadhar Housing and DHFL Vysya Housing to be merged into one Aadhar Housing Finance and DHFL Housing Finance -- both subsidiaries of Dewan Housing Finance -- will be merged into one to create a pan-India company to finance affordable housing. Government looking at 4-5 large sized state-owned banks It is also looking at its stake in IDBI Bank coming down from 80 per cent to 60 per cent if stake dilution happens via QIP, a finance ministry official said. Merger of 4 PSU banks with PNB will help new entity take on foreign competition: Viraj Gandhi, Samco Securities Oriental Bank of Commerce, Allahabad Bank, Corporation Bank and Indian Bank merging with PNB will form a better balance sheet and also will have a lot of bargaining power to against all the international banks which are flowing into India BASF India’s parent firm to buy Germany’s Chemetall for $3.2 billion BASF SE of Germany signs agreement to acquire chemical firm Albemarle’s global surface treatment business of its unit Chemetall for $3.2 bn Is the Tata Steel sale process on track? The steel maker will keep a close eye on Brexit and the consultations for changes in the British Steel Pension Scheme What does 100% FDI in defence mean? Change is foreign investment regulations will force Indian companies to relook at their plans as it reduces the dependence of OEMs on domestic manufacturers Non-core assets can come to the rescue of state-run banks Four lenders alone own about Rs 30,000 crore of assets between them through their holdings in stock exchanges, ratings agencies, life insurance companies. Foreign firms want a piece of India’s realty market Most of the firms are looking to sign up for long-term and large-format projects, even though the real estate sector is yet to emerge from a three-year slowdown Metro Cash & Carry goes for new format Model store with specialised sections opens today in Bengaluru Aiming to bring more customers online, Myntra launches 'try-on-delivery' service E-commerce in India is expanding every day – yet it is less than two percent of India’s total retail industry. Still a developing country, our Internet pen Nippon Paints plans retail format to offer painting service with products The paint manufacturer has tied up with National Institute of Fashion Technology, Chennai to create design patterns using special effect paint As prices soar, consumers opting for sauce instead of raw tomato With prices surging 40%, consumers are also preferring dishes that don't require much of tomato, says an Assocham study E-commerce in India: Why GMV is not a top metric for e-retailers Recent interactions with commerce companies operating in diverse segments (e-tailing and online services) led to some interesting observations. Schedulers Logistics raised Series- B round from GVFL Schedulers was founded in 2012 by industry veterans Akshay Sharma and Colonel Arvind Gangoly. In 2014, Schedulers raised Series A capital from Aspada Investment Company. Mobile apps to social media, how ISI is casting its net on Indian security forces New Delhi: An intelligence agency is a government institution that gathers and analyzes valuable information in order to help the country cope with se Key things to know about India's biggest spectrum auction India's biggest telecom spectrum sale is expected to commence from September 1, 2016, after a pre-bid conference early July this year. Forget smartphones, the future belongs to modular phones What is next for smartphones? With gains from new technology get harder come by, companies are looking at modular designs to make the phones great -- and appealing -- again India telecom regulator floats consultation paper on Internet Telephony In the consultation paper, the Telecom Regulatory Authority of India (TRAI) requested companies, partners to furnish their comments by July 21 and counter comments by August 4. Stage set for India's largest spectrum auction The cabinet approved on Wednesday an auction of mobile phone airwaves, a government source told Reuters. Only Airtel, Vodafone pass call drop test in Mumbai The Telecom Regulatory Authority of India says its tests have found that Aircel, Vodafone and Idea Cellular used RTL technology incorrectly Reliance Jio LeEco Plan to Disrupt Smart Television Market in India Jio and LeEco, two players with deep pockets, are soon entering the Indian television market with an aggressive pricing strategy and bundled content. Samsung takes fight to Apple with mobile wallet strategy http://indiatoday.intoday.in - India Today - Error 404 - Page Not Found The Israeli Answer to WhatsApp Is Big in Eastern Europe Not Waze or Gett but Viber, with its 250 million active users per month, is the most widespread Israeli app used worldwide. Travel startups beat ecommerce marketplaces in funding race this year Although travel startups are only marginally ahead, this is the first time since 2011 that the segment has featured among the top three funded sectors. Oracle opens Digital Hub in Bangalore; announces cloud expansion in India In India, Oracle will open a Digital Hub in Bengaluru, Karnataka; 20% of the APAC workforce to be hired in the country as a part of this recruitment initiative Four years and five shutdowns later, a walk through the failed experiments at Flipkart E-commerce major Flipkart has discontinued its image search feature on its platform along with its ping, that was primarily a chat facility. Flipkart cited minimal usage by its users as the reason for the discontinuation. India is world’s fastest-growing market but stays caught in slow internet A data service package that promises 8 Mbps will typically max out at 5 Mbps (megabits per second). Wireless connections are even more patchy. How will Craig Wright’s attempts at patenting Bitcoin technology impact everyone? Craig Wright is attempting to patent the technology that went into the creation of Bitcoin. But how will that impact your life? 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