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Tuesday, August 30, 2016

Aug 30, 2016 - Avanti Finance: Tata, Nilekani, Kelkar to set up microfinance firm

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
So what books will corporate leaders be reading in the coming months? Here are recommendations from more than a dozen, including McKinsey's Dominic Barton, JPMorgan Chase's Jamie Dimon, LinkedIn's Reid Hoffman, and Corning's Wendell Weeks. It's an eclectic list of fiction and nonfiction, spanning everything from classics to newcomers, business topics to biographies and folk tales. Continued here

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Avanti Finance: Tata, Nilekani, Kelkar to set up microfinance firm

Named Avanti Finance, the company will focus on delivering affordable and timely credit to under-served and un-served segments in India, the company said in a statement.

By how much have banks passed on the repo rate cut to their customers?

While banks have been quick to reduce deposit rates, they have been tardy about bringing down lending rates

India to raise visa fee hike issue through services pact

New Delhi to also highlight issues related to social security, data privacy and insurance portability at WTO

Notion Press raises $1 million from HNIs

Co-founder and CEO Naveen Valsakumar says Notion Press will be intensifying its coverage across India and fuel operations internationally as well with the funds raised

RBI to ensure banks do not mis-sell insurance products

Since banks have a huge network of branches, insurance companies have tied up with them to sell their products.

The biggest challenge in implementing Sebi’s algo curbs could be Sebi

Some of Sebi’s proposals will lead to such levels of complexity that the market watchdog itself would struggle to keep pace with it

RBI to explore interest-free banking

The cover is aimed at protecting depositors at least a minimum sum upto Rs 1 lakh if the bank goes burst.

Private sector banks exceed priority sector target, foreign banks lag

Lending to medium and small enterprises as a percentage of the adjusted net bank credit dropped to 14.6% in the year ended March 2016 from 15.5% in the previous year.

iAugmentor raises Rs1 crore in seed funding

iAugmentor Labs, an education-technology firm, plans to allocate the funds to introduce new learning mediums such as games, animations, cartoons and videos

RBI says 92% of the deposits accounts are covered, strong banks to pay lower insurance premium

The cover is aimed at protecting depositors at least a minimum sum upto Rs 1 lakh if the bank goes burst.

India to be hit by economic crisis if oil price crosses $60, says Swamy

The slump in oil prices last year is one of the factors that helped Indian economy notch up big gains by cutting its import bill and reining in inflation.

Revised Indo-Mauritius tax treaty to curb tax evasion: FinMin

India and Mauritius signed the amendment to the 1983 Double Taxation Avoidance Convention on May 10, and was notified by India on August 11

State Bank of Travancore urges SEBI, SBI to intervene in it's merger with SBI

SBI Management has announced that close to 7,000 branches of SBI would be shut or relocated with merger

Indradhanush scheme to revamp PSBs may fall apart

Now, there are attempts to widen the field by not giving a second chance to those who could not make it when the last round of interviews were conducted.

SC tells banks to reply to Vijay Mallya’s plea

SC asks a consortium of banks, led by SBI, to reply to Vijay Mallya’s plea seeking recall of an order about disclosure of his assets within 10 days

Qatar's Royal Family in exploratory talks with Centrum

Doha Bank has signed a definitive agreement for a strategic tie-up to scale up its operations in banking, wealth management and foreign exchange.

Why Rajan's UPI is the WhatsApp moment for banking

Current developments could rapidly reduce the need for carrying cash

GE: The 124-year-old software start-up

General Electric’s success or failure over the next decade will depend on the operating system it is building for factories

Global funds queue up for Everstone Group’s $2 billion Reit

Singapore’s Temasek and GIC, CPPIB, Abu Dhabi Investment Authority among those interested; transaction is expected to be closed in a few weeks

Srei unit Quippo in talks to buy assets of GOL Offshore

GOL Offshore has three offshore drilling units—Kedarnath, Amarnath, and Badrinath—that it leases out to oil and gas firms

SBI pushing for Jyoti Structures takeover by Dubai’s Amin Group

SBI asks other lenders to approve Jyoti Structures’s stake sale proposal, despite a past relationship between the two firms

Paytm parent in talks to raise funds at $5 billion valuation

Paytm’s parent in discussions with MediaTek, Temasek, Goldman, others to raise $350 million

Tata and Birla take on e-commerce players with Tatacliq and Abof

The two traditional business houses have finally taken their businesses online but they will have to vie with more than 1,000 startups for customers.

Snapdeal launches free shipping for non cash-on-delivery orders

Snapdeal Gold is Snapdeal's answer to Amazon Prime and Flipkart First. It provides free shipping for orders placed via netbanking, or debit and credit cards

Ready-to-cook fare: Fingerlix eyes expansion to Pune, Delhi, Bengaluru

Idli, dosa, uttapam. Chettinad curry. Sambar. Sunday curry. Pasta sauce Arrabbiata. Gu

Southeast Asian online groceries firm HappyFresh raises at least $12 mln

Southeast Asian online groceriesdelivery company HappyFresh on Monday said its latestfundraising had beaten the $12 million of its previous round,after attracting a consortium of new and existing investorsincluding private equity firm Samena Capital.

Debt-Fueled Phone Wars May Blow $74 Billion Hole in India Wallet

Aggressive price wars that pushed some calls below a penny per minute in India may be catching up with wireless carriers.

Qualcomm hopes to regain lost ground in the India as 4G picks up pace: Paul Jacobs

Speaking to ET, Jacobs said Qualcomm could regain lost ground in the Indian chipset market as 4G gains pace in what is a critical market for the compa..

Overly intense rivalry in telecom sector can cause industry paralysis: Qualcomm's Paul Jacobs

ETTelecom brings latest telecom news, views and updates, get telecom industry news from all top sources for Indian Telecom industry.

India's biggest telecom spectrum auction deferred by two days

Telecom operators had demanded that the spectrum sale, which is the biggest ever auction, should begin with the start of Navratra festival which is co..

The Impact of Mobile Radiation in Our Life: Myths Vs Facts !

The fear of spreading radiation due to usage of mobile phone and mobile towers may not be that grave as portrayed by many agencies. A look of

Mobile will get bigger and more diverse', J Prabhu, Group CIO, Essar

What are the top technology trends today globally and in India? I think mobile will get bigger and more diverse. And it doesn't just mean the rising number

State of Internet in India: A take on where it stands, and what to expect

India is at the cusp of a telecom revolution. The Indian telecom industry has grown exponentially in the last few decades and is gearing for the next phase of growth through new digital initiatives. Digital India is slowly, but steadily connecting urban and rural India and bridging the gap in quality education, healthcare and financial services through people empowerment.

Does More Trouble Lie Ahead for Indian Startups?

Indian startups are contending with devaluations, shutdowns and consolidation in their sectors. Will they make it through the funding crunch?

Snapdeal nudges buyers to pay before delivery with new service

E-commerce marketplace Snapdeal has introduced a new service that promises free next-day delivery and other benefits to buyers who pay at the time of purchase,

Snapdeal's Gold answer to Amazon, Flipkart premium membership

Snapdeal co-founder Rohit Bansal said its team met over 10,000 customers across the country to identify the key services they wanted from e-commerce companies.

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