Jun 27, 2016 - Brexit Vs lehman collaspse

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Sree Vijaykumar From the Editor's Desk If you thought Indian politicians can be vengeful and vicious in bringing down their enemies, wait till you read how the Chinese communist party deals with its foes. The usual practice is to go after the individual, not his policies or agendas. Getting personal is not just ok, it is the main strategy. More in this article. Brexit Vs lehman collaspse Global financial markets reacted as violently to the Leave victory in Britain as they did to the Lehman Brothers collapse in 2008. SBI’s Arundhati Bhattacharya may get 1-year extension The government is considering a proposal to extend Arundhati Bhattacharyas term as chairman of State Bank of India by at least a year. Fairfax Financial Holdings seeks RBI approval for 10% stake in Kerala's Catholic Syrian Bank “The bank needs constant capital …we are talking to many investors including Fairfax,” said S Santhanakrishnan chairman, Catholic Syrian Bank. Banks set to lobby RBI for liberal loan recast norms To avoid another set of bad loan pile up, the central bank has said that banks could split the debt in to two for struggling companies – sustainable and unsustainable. Rs 13,000 crore black money unearthed from overseas bank accounts So far, the I-T department has filed 55 prosecution complaints before criminal courts in the ICIJ cases on charges of wilful attempt to evade tax. NSE board finally approves listing of its shares NSE — which had once resisted the idea of a listing — would simultaneously pursue a plan to list on a domestic as well as an international stock exchange. IIFL looks to raise Rs750 crore realty debt fund The IIFL fund will lend Rs80-100 crore each to selected builders in key property markets developing homes costing Rs35 lakh to Rs1 crore Paytm to help Indian sellers source from China Paytm’s cross-border plan will offer support of bonded warehouses in India and consolidation centres at the source countries Make allocation to ELSS funds based on tax saving requirement Analyse your tax-saving requirement as per section 80C of the Income-tax Act, 1961, and take a call on the allocation level Mid-caps: is it a case of too much of a good thing? In every market rally emerges an underlying theme where outperformance vis-a-vis the broad market is marked and at times spectacular PE veteran Manish Kheterpal launches new $15 million early-stage fund WaterBridge Ventures will primarily look to invest between Rs 75 lakh and Rs 3.5 crore in 12-15 ventures, and has a fund life cycle of 5-7 years, according to Kheterpal. Bank of Baroda will sell non-core assets gradually: chairman Ravi Venkatesan Bank of Baroda (BoB) intends to gradually exit unprofitable businesses and segments to improve margins and free up capital, says Ravi Venkatesan Indian banking's 'weak underbelly' exposed: Kotak New Delhi, Jun 26 () Warning of "more bad news" on the stressed loans front in the Indian banking sector, eminent banker Uday Kotak has said its "weak underbelly" has resurfaced strongly and the story is not over yet, though lenders have begun cleaning up their books. SFIO seeks loan details from banks to Vijay Mallya-owned defunct Kingfisher Airlines As a multi-disciplinary organisation, the SFIO probes cases of financial frauds that are referred to it by the Corporate Affairs Ministry. Bank mergers likely to happen after SBI consolidation: Finance Ministry official Consolidation among public sector banks (PSBs) is expected to happen only after the completion of merger between SBI and its associates, a senior finance ministry official said. India needs $1.5 trillion for infrastructure: Arun Jaitley AIIB announced its first set of four loans totalling to over USD 509 million for infrastructure projects in Pakistan, Bangladesh, Indonesia and Tajikistan. Culturally, Rajan is more Indian than many of our liberals. My objections are about his policies: S Gurumurthy The RSS ideologue says that Indian experts, whose learning curve has been abroad, should experience India for a period like Mahatma Gandhi did. What's not so cool about India's start-ups The new breed of companies may be hubs of fun and innovation, but rampant sexism shows old habits die hard India's forex reserves adequate to tackle Brexit impact: RBI The country's foreign exchange reserves and import cover of more than a year would be sufficient in managing the temporary effects of Brexit, a Reserve Bank official said today. Seven companies in race to manage EPFO's equity investments in FY17 FAIC will open technical & financial bids submitted by seven firms for managing EPFO's market investments in the current fiscal," an official said. When the world is jittery over Brexit, India has reasons to smile; here’s why If you can afford to survive this knee-jerk response of the market with a little bit of patience, without fear and anxiety, better things are in store for you in future. Sourcing norms tightened for entities with state of the art technology Clearing the air on FDI in single brand retailing, the govt clarified that entities like Apple claiming to bring state-of-art and cutting-edge technology will only get a waiver from local sourcing norms for three years Indian companies brace up to face new challenges ahead Indias corporate investment in the UK and beyond into EU has emerged as a ‘Brexit worry, more than trade and investment investment. RBI to ensure liquidity in market: Raghuram Rajan The Reserve Bank of India will ensure that there is sufficient US dollar and rupee liquidity to ensure smooth functioning of the market We are staying true to our $5-b investment plan: Coke's Venkatesh Kini Coca-Cola India’s President says the potential of the Indian market is huge Three McDonald's outlets in Jaipur found using 16-day-old oil Hindustan Times Three McDonald's outlets in Jaipur found using 16-day-old oilThe discovery has spurred department officials to check if popular fast food chains in the city adhere to prescribed food safety standards. "During an inspection drive on June 17, we were shocked to find that the oil being used by three McDonald's ... How India is taking its first brave bites of gourmet chocolate All Things uses only Belgian chocolate (the promoters say they are able to choose their chocolate and make adjustments while it is still being processed in Belgium). Nippon Paints plans to get into retail business The paint manufacturer has tied up with National Institute of Fashion Technology, Chennai to create design patterns using special effect paint LeMall receives 1 lakh registrations for first flash sale in India LeMall is the world's second largest smartphone market and its launch in India symbolises an important milestone in establishing LeEco's online footprint in the country. How LogiNext is speeding up the growth path by solving logistics problems of over 200 companies LogiNext provides solutions to third-party service providers, courier services and e-commerce logistics to track their shipments in real time Move over Flipkart, Amazon: Second-hand e-bookstores are uniting bibliophiles Hindustan Times Bibliofreaks , another online second-hand bookstore, was launched in 2013. The owners, Ganesh Reddy Indireddy and Indireddy Siva Sankar Reddy from Hyderabad, say e-commerce giants like Amazon and Flipkart motivated them to start their business. India accelerates to 4G NEW DELHI: The Indian smartphone market is rapidly transitioning to 4G handsets even though it may be some time before the relevant network technology is available across the country. Will Reliance Jio disrupt the market with 4G? Reliance Jio’s plan to sign up 100 million users in one year before commercial launch suggests it is combining 4G data with low-to-mid range phones A majority of Indians find mobile advertising most annoying Sixty per cent of Gen X, Gen Y and millennials in India are annoyed with mobile advertising and mark the ads as annoying and obtrusive, according to a survey by VoIP (voice over internet protocol) app Nanu. Approximately 52 per cent of the 3,735 RCom to provide 4G services on RJio network RCom to provide 4G services on RJio network - Of the 8 million RCom's CDMA customers, over 90% have opted for the offered upgrade to 4G services. Start-up, telecom officials spar over cloud telephony service “Our lines were disconnected without giving any notice to us,” said Ambarish Gupta, 38-year-old chief executive of Knowlarity.The start-up approached the Telecom Disputes Settlement and Appellate Trib While India Gets Used to 4G Speeds; US Kicks Off 5G Plans FCC begins process to get 5G Internet on track; hopes service providers will act fast.   AskMe minority stakeholders at war with its Malaysian owner Astro Holdings "Despite best efforts of the board and management, AskMe, has been unable to meet its plans due to lack of scale, among other factors, said Astro. Swarovski India collaborates with Myntra to launch e-commerce venture Swarovski which is known world over for its sparkling crystalware is collaborating with Myntra, Indian retailer of fashion and lifestyle brands. Shopclues expects to register more than two fold jump in GMV from its platform at USD 3 billion by the end of current financial year Buying a premium Superphone is always a complex and sometimes vexing decision making process. From decision making to final purchase, a number of parameters Technology companies welcome Trai’s cloud computing paper to bring out a clearly defined policy "A strong technology infrastructure that harnesses the power of global technology innovations is crucial for Indias growth,” said a Microsoft India spokesperson. 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