Jul 6, 2016 - Axis Bank gets nod to raise foreign investment limit to the maximum permissible level

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Sree Vijaykumar From the Editor's Desk If the elevator ride with a bunch of strangers feels awkward, or a co-worker who speaks too loudly in the neighbouring cubicle annoys you, well, you can take solace from the fact that there's a field of science that studies this. Proxemics is the study of human use of space and the effects that population density has on behavior, communication, and social interaction. Edward T. Hall, the cultural anthropologist who coined the term in 1963, defined proxemics as "the interrelated observations and theories of man's use of space as a specialized elaboration of culture." A simpler explanation with live demonstrations in this Vox video Axis Bank gets nod to raise foreign investment limit to the maximum permissible level Axis Bank had sought governments nod for raising foreign investment limit in the bank to 74% from 62%. CCEA cleared the proposal that will yield an inflow of nearly Rs 13,000 crore. What drives PE fund managers to go solo? Indian private equity (PE) firms go through bouts of separation every now and then when one or more managers leave them to set up their own firms Why RBI governors need a longer tenure Clearly defining the term would avoid uncertainty and political pressure What does UltraTech-Jaiprakash Associates deal mean for investors? Investors are excited probably because this deal is finally through and that they now know that bankers will keep up the pressure on Jaypee Group EU will emerge as more resilient union post-Brexit: India Says ‘outstanding issues’ persist in BTIA talks Aviva joins Standard Life in halting property fund on Brexit Aviva halted the Aviva Investors Property Trust following a ‘lack of immediate liquidity, according to a statement on Tuesday RBI nod needed for FDI in Equitas Holdings; limit reached Foreign shareholding in small finance banks would be as per the foreign direct investment policy for private sector banks, according to the RBI guidelines for the sector. Sebi defers implementation of new accounting standards Starting fiscal 2017 firms must transition from the current reporting format for financial results to Indian Accounting Standards Rules (IndAS) BSE tweaks circuit limit for Max Ventures, 21 others The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from tomorrow. Aditya Birla Fashion to acquire Forever 21 in India for $26 million Aditya Birla Fashion has executed a business transfer agreement with Diana Retail and DLF Brands for acquisition of the business undertaking of Diana Retail under the Forever 21 brand Govt approves Rs10,000 crore for skill development plan The money allocated will be provided as an incentive to industries to take on board more apprentices Essar Steel lenders may invoke S4A norms for restructuring debt Lenders’ move comes after Essar Steel failed to meet their June-end deadline to find a buyer for a majority stake BookMyShow raises over Rs550 crore from Stripes Group, existing investors Network 18, SAIF Partners and Accel Partners took part in the funding round, which values the firm at Rs3,000 crore Dhanlaxmi Bank to raise Rs200 crore by issuing equity Dhanlaxmi Bank said it will raise `200 crore through issuance of equity shares on preferential basis High corporate leverage to hit India's economic growth: Moody's India’s growth over the coming years will be challenged by lacklustre global demand, high corporate leverage and impaired credit supply, Moody’s Investors Service today said.The passage of land acqui Merger acquisition deals up as Indian companies look abroad Outbound acquisitions by Indian companies were mainly from the energy & power sector with a deal value of $2.2 billion. Aurobindo Pharma said to enter fray for $1.5 billion Teva portfolio Aurobindo Pharma is among firms considering bids for Teva Pharmaceutical’s portfolio of drugs in the UK, Ireland and Iceland, people familiar with the matter said Why Mumbai won’t be the next London after Brexit The real problem is that India has singularly failed to leverage its position as the processing backroom of the world for financial services into anything more substantive Logistics is key to economic growth; here's why 'Make in India' also requires 'Move in India' push Besides providing employment and movement of goods, an efficient logistical network enables increases in the speed of doing business. Why have QIPs fallen out of favour? Equity fund-raising through QIP route in the first three months of the fiscal year 2016 was at a four-year low as private capex cycle remained slow, leading to low requirement for fresh money India moving to gas based economy? Trend decoded In May, India saw its LNG imports growing by about 43.38%. Although volumes are increasing, India still has a long-way to go for last mile connectivity of gas grid. Lifestyle International plans expansion as ecommerce threat fades “This will be the most aggressive expansion for the company post 2010. Our expansion plan is firm, we have been on track. But sometimes malls get delayed.” Are Flipkart, Amazon, et al flouting govt rules by offering discounts? Firstpost FirstpostThe Retailers Association of India (RAI), a not-for-profit organisation, is watching the developments and has already brought it to the notice of the government, says chairman Kumar Rajagopalan. "The intent of the government was to offer a level ...sp; India a bright spot for Tesco UK-based retail chain's India operations have registered highest growth in like-for-like sales Vodafone emerges as frontrunner for buying out Telenor's operations in India A Vodafone spokesman declined to comment on specific queries but said the company was open to options such as spectrum sharing, trading, and mergers and acquisitions. Telecom operators: Bring websites, apps, smartphone makers under Net Neutrality Telecom operators: Bring websites, apps, smartphone makers under Net Neutrality - Telcos have demanded that other internet players also be bound by net neutrality regulations imposed by TRAI. Trai launches app to check real-time internet speed Nasscom has saidTRAI should give complete flexibility to apps and websites for deciding on provisions for rewarding free data SK Telecom implements nationwide IoT network in South Korea Seoul July 5:South Korea has launched its first commercial, low-cost Internet of Things (IoT) network aimed at making the country even more connected. The network would allow smart devices to talk to each other via the network. Phone carrier SK Telecom is behind the initiative, which uses technology that will allow it to reach 99% … Reliance Jio's Anand Narang moves to Bata India Anand Narang, VP & Head of Marketing, Devices, Reliance Jio Infocomm has moved on from the organization. He has joined Bata India as VP, Marketing.. 'India manages one-third of Cisco's $36 billion product revenue' Cisco launched its globalization centre east in Bengaluru in 2007, a centre that it calls its second headquarters and which was established to develop.. Spectrum auction: Healthy participation from Airtel, Vodafone, Idea likely to counter Reliance Jio Last month, the Union Cabinet had approved what will be Indias biggest spectrum sale likely in early September, in which the government plans to auction over 2200 Mhz of airwaves across 4G bands (700 MHz, 800 MHz, 1800 MHz, 2300 MHz and 2500 MHz bands), and the 2100 Mhz 3G band.   China's battle for mobile security LandmarkShops.in launches Android and iPhone apps LandmarkShops.in, has expanded its mobile reach with the launch of its latest Android and official iPhone apps. According to KPCB’s Internet Trend Reports, in a high-growth market like India, 41 per cent of all E-Commerce in the country happens via smartphones. Private Equity-Venture capital deals value declines to $7.6 billion in Jan-Jun In terms of the number of deals there was a 19 per cent fall from 301 deals in the first half of this year from 372 deals in the corresponding period last year. Aditya Birla Fashion to acquire global clothing brand 'Forever 21' in the Indian market for USD 26 million Forever 21 is among the fastest growing fashion retailers in the world with more than 700 stores worldwide. Its India operations reported a turnover of Rs 262 crore in 2015-16. Jabong quickens its sale process, Snapdeal and Aditya Birla Group to be front runners for the deal With owners AB Kinnevik and Rocket Internet reluctant to pour in more investments, online fashion retailer, Jabong has expedited its sales process. Non-Banking Financial Company NeoGrowth Raises $ 16 Million From Its Investors Telecom players Bharti Airtel, Vodafone plan to improve internet speed and increase capacity The move comes ahead of Mukesh Ambani-promoted Reliance Jio Infocomms expected commercial launch of 4G services before the end of 2016. 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