Jul 21, 2016 - SBI eyeing 15% average growth for retail book: Rajnish Kumar

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk With India producing 1 million job-seekers a month, domestic demand alone cannot sustain this workforce. At the same time, the world is ageing quickly (Germany, Italy and Japan already have more than 20% of their populations above the age of 65). Skill-based immigration is how they will solve the problem of their dwindling workforces and this is an opportunity for a young country like India (with more than half its population under the age of 35 years). However, the demand-supply match has many issues including swindling middlemen, skill mismatches and resume fraud. Rajiv Dabhadkar elaborates on this issue in this article. SBI eyeing 15% average growth for retail book: Rajnish Kumar And retail is definitely not easy, the pricing power and the distribution reach that we have, how will other banks match that? Fund manager allocations to emerging markets at 22-month high Brexit changed asset allocations dramatically away from euro zone stocks to US and emerging market stocks SBI plans fresh outreach to unbanked rural India SBI has asked its business correspondents to expand the banks customer service points in remote rural areas to bring in more people into the banking channel. Ambuja Cements gets CCEA nod to buy 24% stake in Holcim India In a two-stage restructuring announced in July 2013, Ambuja Cements planned to acquire 24% stake in Holcim India for cash consideration of Rs3,500 crore TR Capital in talks to buy Bira maker stake TR Capital has been in talks to buy a minority stake in B9 Beverages, which will use the funds for expansion of Bira 91 craft beer CDC to invest Rs 1000 cr in India Infoline Finance CDC’s investment is expected to help the IIFL Group expand its financing business and address the capital needs of under-served segments Lanco says still in talks with lenders to sell operating assets Lanco is looking to sell its portfolio of power assets or bring in a strategic investor at the power holding company level for more than a year Hansa Cequity buys majority stake in D-Square Solutions Hansa Cequity said the acquisition will strengthen its data science and help its aviation business vertical How cloud is paying dividends for Nadella’s Microsoft Microsoft’s commercial cloud computing business helped the firm up its overall quarterly revenue indicating that Satya Nadella is on the right track SBI, Brookfield to launch stressed asset management fund According to the proposal, Brookfield will commit approximately Rs7,000 crore, while SBI will put in up to 5% of total investments into stressed assets SBI, Brookfield collaborate on investments in stressed assets SBI and Brookfield propose to form a joint venture (JV), whereby Brookfield will commit approximately Rs 7000 crore and SBI up to 5% of total investments into stressed assets. Which way is the Indian economy headed? The global economy is forecast to grow 3.1% in 2016 compared with 3.2% estimated in the April WEO, with Brexit responsible for the reduction. Private equity inflows in India: Venture capitalist investment in start-ups slows Confirming the growing trend of slowing fund infusion by venture capitalists in internet-based start-up firms, a new report by CB Insights and KPMG International shows... To find the right MF, get down to the basics Team Mint Money helps you in understanding what you need to know about mutual funds before making an investment Bengaluru-based Dogsee Chew secures Rs 2 cr angel funding Bengaluru-based dog food company ‘Dogsee Chew’ has raised Rs 2 crore in an angel round from Renu Balyan, a Delhi-based angel investor, who is a pet parent Walmart may rejig India biz to capitalise on FDI in food retail The US-headquartered retailer is mulling an innovative 'think global act local business model' which could include Walmart taking the single brand retail route straight to Indian customers. Tom Ford Women, Versace Collection to dress up India Hindustan Times ... one store in Delhi. The appetite for luxury brands in India is huge, but due to restrictions in preferred locations, including Mumbai and Bangalore, we are unable to plan out outlets elsewhere as of now," said Praveen Saharya, director, DS Luxury ... Hardcastle to invest Rs 26 crore to double McCaf outlets in India “In a span of two years McCafé network has expanded across 75 restaurants as of March 31, 2016 and we plan to double the base in the next 12-18 months. Telenor Group won't participate in India spectrum auction Is it the end of Telenor India’s acarpous journey? Internet users in India reached 342.65 mn in March Telecom operators have installed 11.9 lakh towers as of May 31 - Telecom Minister Manoj Sinha in a written reply in Lok Sabha spoke about telecom operators investment, mobile towers and call drop issue. Despite India's Revolution, Huge Disparity in Resource Allocation, Says Telecom Pioneer Sam Pitroda BERKELEY, Calif. – Despite India’s economic revolution and growth, a huge disparity in access to resources continues to exist, said Indian telecommunications pioneer Sam Pitroda at the U.S.-India Conference here Green mobile towers: Leading to a sustainable telecom The growth story of the Indian telecom sector has been phenomenal and can be illustrated by the fact that this year in January India’s mobile phone subscrib.. India leads global digital coding race: Barclays report The index benchmarks 10 countries worldwide on their readiness to compete in the digital economy and was aimed at tackling areas in which the UK is la.. GSMA launches Mobile Connect universal login with six Indian telecom operators The global telecom body GSMA on Tuesday launched its mobile-based authentication solution, Mobile Connect, in India. Department of Telecom issues demand notices to 6 telecom firms Department of Telecom has started issuing demand notices to six telecom firms including Bharti Airtel, RCom and Vodafone, who the CAG had alleged to have under-reported revenues to the tune of Rs 46,000 crore between 2006 and 2010. India has great expertise in IoT: Graham Budd, COO, ARM BENGALURU: ARM has over 500 engineers in India, a fifth of its global engineering base. In an exclusive interaction with TOI on a recent visit to Bengaluru (well before the announcement of ARM's acquisition by SoftBank), Graham Budd, the mobile chip designer's chief operating officer (COO), talked about the future of mobile devices and the opportunities for India in internet-of-things (IoT), where everyday objects are connected to the internet. Flipkart plans to invest over Rs 670 crore over the next three years to build an independent digital payments business To be spearheaded by PhonePe, the payments startup which was acquired by Flipkart in April this year, the product is expected to be ready for use in coming weeks. Flipkart sees Silicon Valley talent quit; Two more senior executives, Lalit Sarna and Sunil Gopinath, quit the company Flipkart saw a top level management rejig at the start of this year No merger talks with Flipkart, says ShopClues E-commerce firm ShopClues today refuted reports that it is in talks with rival Flipkart for a merger. AI sees increased adoption by e-commerce companies The technology is inbuilt within the e-tailer's application and helps connect product discovery in the offline world like reading a magazine or on the street to online searches of similar products on e-commerce websites. Unified Payment Interface: Here's how RBI's UPI will turn your smartphone into a bank RBI has launched the Unified Payment Interface (UPI) that would facilitate direct payment from your bank without having to carry cash. Here’s everything you want to know about the UPI app. - Unified Payment Interface: Here’s how RBI’s UPI will turn your smartphone into a bank In 3 months, Myntra to open a store with private brands We plan to launch omni-channel with our private brands — Roadster, HRX and All About You, CEO Ananth Narayanan told. Flipkart launches 'F-assured' to Take on Amazon Prime & 'Fulfilled by Amazon' Flipkart, is going to launch F-assured to improve the experience of customers on its website and enhance the shopper’s delight. It is basically a bumped up regular Flipkart service that will ensure there are more rigorous quality checks and faster deliveries made. Government relaxes local sourcing norm for tech innovators Govt relaxes local sourcing norm for tech innovators. Wipro CEO Abidali Neemuchwala to oversee new markets to double company's revenue in next 4 years New leaders inside the company such as former TCS executive Ankur Prakash, who heads emerging markets, and Nagpaul have been tasked to turn each of these units. 'Shodan' is the search engine for IoT which gives you a backdoor view of smart devices Shodan isn't significantly different than a web crawler like Google. Shodan crawlers browse the Internet and when they discover a device, they collect metadata about it. How product firms will drive IT growth story? Product firms will form the fulcrum of a fresh momentum in India’s growth story in the IT (information technology) space which has been dominated so far by the services companies, according to Arun J Chinese mobile phone maker Zopo to set up Rs 100 crore manufacturing unit in India by December Zopo today launched a smartphone, Speed 8, with 10 core processor chipset-- highest number of cores in any smartphone launched in India till date, for Rs 29,999 a unit. 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