Jul 8, 2016 - Home First Finance Company is looking to sell 30% stake for Rs 250 crore to fund operations

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Sree Vijaykumar From the Editor's Desk At Facebook's headquarters in Menlo Park, the company has a section where developers are starved of high-speed mobile data connectivity in order to mimic how users in emerging markets feel using its service. The move is aimed at allowing developers to understand who they're building apps for and how to make them work better across the world. Allowing users to download videos and then view them offline later is one of the features now allowed by both Facebook and Google. More here Home First Finance Company is looking to sell 30% stake for Rs 250 crore to fund operations The company started operations in 2010 and a year later it raised funds from Bessemer Ventures. Later, it attracted funding from Tata Capital Growth Fund as well. Finance giants, PEs tech companies eye GE's SBI Card stakes SBI, the nations largest lender, entered the credit cards business in 1998 by partnering with GE Capital India, the consumer finance arm of GE Capital. Uber vs Ola: the battle for dominance in India's cab market For Ola, it’s a question of holding fort, and for Uber, that’s been held at bay in China, it is one of capturing a significant share in a market that may grow to $7 billion by 2020 Need to make payments bank system fraud free: Shinjini Kumar CEO, Paytm Payments Bank At present, payment wallet services offered by various players can be easily accessed through mobile number or customer ids provided after mobile number verification. Indian banks have a significant distance to cover on NPA problem: Kalpana Morparia Indian markets have shrugged off the fears of Rexit — Raghuram Rajan’s announcement of not seeking an extension at the RBI. After expressing shock, global financial institutions are now taking that in their Former Standard Chartered executive Vishal Kapoor to be the new CEO of IDFC MF Kapoor is now serving with Standard Chartered Bank as the managing director, head of wealth management, India. Dealing with the five stages of Brexit grief A week after the Brexit vote, the markets, or at least equity markets, were feeling optimistic again Bad loan sales have declined by over 20% in a year: Report Overall Rs 1.3 lakh crore of loans was put on sale by banks in FY16 but only Rs 20000 crore worth of loans was bought indicating that the average success rate fell to 20% from 45% earlier. India lags behind in the global digital economy, says WEF India ranks 91 on the Networked Readiness Index 2016, a key component of the World Economic Forum’s The Global Information Technology Report 2016 SBI Card to have more co-branding with other banks Since SBI Card is a separate company, it was able to have co-branding with other banks while others do not have that since they were from their division. Hiring rate at PSBs falling The gap between private and public sector staff base has narrowed during the period; the ratio of PSB staff to that of private banks employee base narrowed to 2.2 in FY16 from 3.3 5 yrs ago. Bank of Baroda plans rating-based lending The move is expected to improve the quality of banks retail portfolio as they will now disburse loans based on the customers credit profile. Why Raghuram Rajan bowed out There is a clear cultural context in India in terms of the resistance to the type of change being brought about by RBI governor Raghuram Rajan NSE listing will enhance corporate governance: chairman Ashok Chawla National Stock Exchange of India chairman Ashok Chawla says shareholders have been pressing for early listing to derive benefit of a good valuation IIFL Holdings to raise Rs2,000 crore to shore up long-term capital IIFL Holdings wants to augment long-term resources for financing the ongoing capital expenditure and for general corporate proposes Are companies better-placed to repay debt now? According to a Care Rating index, an universe of around 1,600 cos is reflecting a 15-points improvement to 90.84 in June versus 90.69 a month earlier. SBI Capital Markets invites independent valuers for merger of associates, BMB The bank's two other associates - State Bank of Hyderabad and State Bank of Patiala - which will also be merged subsequently, will be valued separately as they are not publicly traded entities. Why are HNIs going head over heels to bid for IPOs? The numbers are crazy 5 out of the 12 issues that hit market this year saw NII category getting subscribed over 100 times, while 2 other issues saw subscriptions over 30 times. Banking sector faces stress due to 'stalling' in 2011-13: SBI Chairman Arundhati Bhattacharya Bhattacharya said interest rates are also coming off from their highs and "currently they are quite low but may be not low enough to really kick start investments". Moody's says these two factors will hold back Indian economy over next 2 yrs India’s economic growth over the next two years will be challenged by lacklustre global demand and high leverage in some corporate sectors, rating agency Moody’s said in a report on Tuesday. Will a merger of banks lead to 'too big to fail'? Need for large-sized banks to compete at the global stage, since India’s global economic clout is increasing. Apple wants more clarity on sourcing rules before opening retail stores in India The government last month said foreign single-brand retailers can comply with the controversial 30% local sourcing requirements over the first five years of operations. Apple tells chief of AppStore & iTunes to focus only on India India was among the few bright spots for Apple in its second quarter earnings, which saw its largest growing market China shrink – revenue fell by 11 per cent. The real reasons why Amazon's bringing back 'Prime Day,' its biggest sales day of the year The one-day sales spike is just one of the many benefits of Amazon's "Prime Day," its biggest sales day of the year, according to JP Morgan. Xiaomi takes up Direct-to-Retail approach, targets elimination of middlemen costs Retailers to directly place orders with the distributor based on purchasing pattern The Freedom 251 Circus Continues Even As India's Smartphone Market Dynamics Shift Yet Again The company's press conference was filled with some outrageous statements though it claims it will start deliveries from tomorrow. But is a Rs 251 smartphone going to change the dynamics of the overall market? Maruti Suzuki firm on double digit growth target in FY'17 Apart from the Manesar and Gurgoan production facilities of Maruti, the company is coming up with the 2.5 lakh capacity third plant in Gujarat. Indian retail real estate has become attractive again for global investors During the entire 2008 calendar year, PE investment in retail real estate stood at USD 267 million. Reliance Retail's Lyf branded smartphones receive big price drops Most of the Lyf-branded smartphones have received some big price cuts that should now make for an attractive package especially when you consider the unlimited 4G data deal that comes with it. Now, Oppo too Wants to Open its Own Retail Stores & Manufacturing Units in India Oppo has reached out to Department of Industrial Policy and Promotion(DIPP) for approval to open its own retail stores throughout the country. The Government relaxed the local sourcing norms to give the foreign companies a little time to settle in India before they start local manufacturing. Dialling trouble: Congress accuses Centre of hushing up Rs 45000-crore telecom rip-off NEW DELHI: Citing the Department of Telecommunications’ move to re-audit a penalty assessment of the Comptroller and Auditor General (CAG) for under-reporting o... Suggestions to telecom minister Manoj Sinha Manoj Sinha is the new minister of Telecommunications with independent charge — replacing Ravi Shankar Prasad. On Wednesday, Manoj Sinha, a member of parliament from Gazipur Lok Sabha constituency, Uttar Pradesh, assumed the charge of Minister of State (Independent charge), Ministry of Communications in Sanchar Bhawan. In addition, Manoj Sinha is already holding the charge of Indian Telecom Chief Chooses Data Speed Indian telecom operators want regulator TRAI to treat some of the OTT players as their competitors when it considers net neutrality guidelines. COAI and AUSPI, while presenting suggestions on net neutrality to TRAI, today said OTT companies’ messaging / instant messaging and VoIP telephony are perfect substitutes of the services that are being offered by Reliance Jio's LTE bet may mean curtains for CDMA in India : CDMA will be the biggest loser when the 4G shift gains traction The mobile technology which the Ambanis backed 14 years ago will be the biggest loser when the 4G shift gains traction India's paying mobile consumers spend almost as much on IAPs as global average Mobile attribution analytics firm AppsFlyer has found that the average paying mobile app user in India spends only $0.82 less than the global monthly average - despite long-standing barriers to mo... Telecom industry backs net neutrality, but seeks equality 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. Reliance Jio 4G speed test: This video is an eyeopener Of the 8 million RCom’s CDMA customers, over 90 per cent have opted for the offered upgrade to 4G services. ASUS to increase focus on the Indian mobile industry and gaming ASUS India has announced that it will be paying more attention to the Indian market now, with the company already seeing a 2.5% market share in the region 10 ways the new telecom minister can improve communications in India Sinha comes to the telecom ministry in a month when the government will be holding the largest ever spectrum auctions. Amazon invests in six new fulfilment centres (FCs) to meet growing requirements of its fast-increasing seller base in the country E-commerce major Amazon has invested in six new Fulfilment Centres (FCs) to meet growing requirements of its fast-increasing seller base in the country. Ratan Tata leads as Flipkart, Snapdeal founders vanish from top angels' list Ratan Tata, chairman emeritus at Tata Sons Ltd, is heading the pack of India’s top angel investors so far this year while the founders of Flipkart and Snapdeal Indian e-commerce firms sees 78% fall in office space deals compared to 2015 Tech Wire Asia Tech Wire AsiaIndian e-commerce companies have leased 78% less office space in the first half of 2016 compared to the same period last year as funding dries up. In the top six cities - National Capital Region (Delhi), Mumbai, Pune, Bengaluru (Bangalore), Chennai and ... Time spent by Indian consumers on retail apps soars 11 times Social, media, entertainment, and gaming remain the most popular categories for app downloads. - Daily app downloads in India rise 16 pc in H1, 2016: Report Venture Catalysts invests $250,000 in Saas start-up Dont Scratch Your Head; to use the funds for upgrading the technological infrastructure "These funds will allow us to upgrade our technological infrastructure and customer support team to shore up our rapid business growth," DSYH CEO said. 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. 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