Aug 3, 2016 - China's e-commerce boom a lesson for creating jobs in India

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Sree Vijaykumar From the Editor's Desk This in-depth piece by Scroll.in explores the issue of exploding debt in rural Tamil Nadu. Venkatsubramanian of the French Institute spoke about an old woman he had met. "She had no assets," he said. "And Rs 300,000 in loans. And now, she wanted to marry her daughter off at Rs 5 lakh. And she said she will not have any problem. She will get money two weeks before the wedding." But if that is the case, aren't lenders baulking? Evidently not. Lending to someone at 5% a month translates to an annual return of 60%. The lenders keep coming. All this is uncomfortably similar to the 2010 Microfinance crisis in Andhra Pradesh. Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. China’s e-commerce boom a lesson for creating jobs in India E-commerce could fill the gap as India looks to add about 80 million jobs by 2025 for its growing young population Nepal's only billionaire plans India financial push Nepal's only billionaire plans India financial push - Chaudhary group is looking at entering India by setting up a branch of its Nabil Bank, in talks to buy stake in a financial sector player in India India on cusp of financial technology revolution Software giant Google released a report last week stating that $500 billion will be flowing through digital payments in India by 2020. PEs may buy 25 per cent in Mahindra Sona for up to Rs 150 crore Mahindra Sona is a joint venture between Mahindra & Mahindra and Sona Group in which IL&FS owns 5.25%, Khattar Holdings owns 13%, Sona Group owns 37% and Mahindra owns about 30%. Flipkart, Amazon to restart discount war this month Flipkart and Amazon will go head-to-head in a discounting war starting with the Independence Day sale that both companies plan to advertise heavily IDFC looks at merger with bank subsidiary RBI this week announced a policy that opens doors for aspirants to seek a banking license whenever they feel they qualify and they find it desirable. Startup merger and acquisitions surge on funds crunch As venture funding slows down, startups seem eager to sell themselves off. This is showing up in a surge in mergers & acquisitions (M&As). General Atlantic's ex-MD Havaldar tipped to join Avatar Growth Capital Havaldar played a key role in setting up General Atlantic Partners’ India operations in 2002 Five financial conglomerates fit to apply for a bank licence A financial conglomerate is a diversified business group where financial services account for most of the business and RBI seems to like them Indian mutual funds investments abroad fail to take off Funds that focused on Europe fared worse as returns from these markets were flat in the two years to June 2016 or negative in some cases Promoters of Manyavar turn their back on global PE funds Several funds are keen to invest in the fast growing ethnic wear brand, but founder says no plan to dilute stake India seeking merger model for creating a state oil champion New Delhi, Aug 2 () Petroleum Ministry is not considering any proposal to merge 13 state-owned oil PSUs like ONGC, IOC and GAIL to create a behemoth, Oil Minister Dharmendra Pradhan said today. "Ministry is not considering any proposal (for merger). India's poor infrastructure biggest roadblock to 'Make in India': S P The passage of the Goods and Services Tax, billed as the country's biggest indirect taxation reform, will give a fillip to the logistics and manufacturing sectors, he said. Dewan Housing looks to raise Rs 7000 crore in loan transfer deals Dewan Housings Chief Financial Officer Santosh Sharma told ET that the company is in talks with large public sector banks such as SBI and others to raise funds via this route. Mandala Capital to raise up to $250 million for new fund The food and agriculture-focused firm, which has invested Rs 1,200 crore in Indian companies so far, is looking at a first close of about $75 million. ICICI Bank, Apollo Global tie up for asset reconstruction company The agreement between the two "envisages the establishment of an asset reconstruction company, subject to regulatory approvals, and acquisition of debt exposures from lenders as well as equity stakes in companies," the bank said in a statement. HDFC has appetite for more ‘masala’ bond deals HDFC raised Rs3,000 crore on 14 July via the ‘masala’ bond, an offshore-traded, rupee-denominated issue Yumlane raises funds from Binny Bansal, Anupam Mittal, others Sachin Bhatia, co-founder of TrulyMadly, angel investor Kunal Khattar and Dheeraj Jain, partner at Redcliffe Capital, also invested in the food start-up It is prudent to pay off the most expensive loans before investing With credit card interest rates on outstanding amounts being one of the more expensive debts, repay these at the earliest. 'Game of Thrones' Branded merchandise in India soon The deal, which works on a revenue share model, will allow the Indian company to develop licensed products like apparel, wall décor, drinkware, stationery. Retailers add click factor to make bricks-and-mortar tick Mobile Internet retailing in India saw particularly strong growth in 2015 due to the growth of Internet-enabled smartphones. Snapdeal opens 6 logistics hubs to ramp up delivery operations All processes -- from receipt of stocks, quality inspection, preparation for dispatch and return handling -- would be available to sellers under one roof. Retailers earning more from online sales than offline: Study Retailers offering customers an option to buy online are earning more revenue than those who sell their products only through offline channels, new research has found. PepsiCo to launch more fruit-based fizzy drinks Hindustan Times | business-news ...PepsiCo India, the fully-owned subsidiary of New York-based multinational, which sells food, snack and beverage, will soon have more carbonated drinks with ...sp; Adidas gets approval for FDI in retail The company plans to open 30-50 company-owned Adidas stores in large cities by 2020, and will file another FDI application by this month for Reebok. As Phone Companies Pledge to Stop Robocallers, What's the Holdup? Only 10 percent of the prerecorded, auto-dialed calls are legal and wanted by the recipient, yet 2.4 billion robocalls are made each month. Russia — a wake-up call for India? The young athlete was taken aback by the question from the man on the staff of a prominent sports institution. “Do you have any problem in giving your urine sample for testing?” he said. “If you have, Alwar Police busts gang of mobile phone thieves Alwar Police busts gang of mobile phone thieves LG V20 will be the first Android Nougat phone in September The firm not only did reveal the name of the handset and the Android version it will be running on, but also confirmed that the handset will be launched as soon as next month. Social media like Anandiben's FB resignation, call it Digital India initiative Gujarat chief minister Anandiben Patel sprang a surprise on Friday by offering to resign from her post, saying the Bharatiya Janata Party (BJP) needed a fresh face in the state before elections next year. Here’s how social media reacted. India, Singapore Central Bankers Call for Global Safety Net Central bank chiefs from India and Singapore called for a strong safety net for countries to cope with financial crises. Lenovo Vibe K5 Note launched: Price, specifications and features The 3 GB model of Lenovo K5 Note is priced at Rs 11,999 while the 4 GB version will cost Rs 13,499.. Oracle India joins SBI to foster digital skills initiative Global software and Cloud major Oracle India on Monday announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the.. SFLC.in's Comments on the TRAI Consultation Paper on Cloud Computing by sflc_admin    |    August 1, 2016On June 10, 2016, the Telecom Regulatory Authority of India(TRAI) floated a Consultation Paper on Cloud Computing and invited comments from the industry and other stakeholders on the following broad issues: regulatory framework for cloud computing; security over the cloud; cost-benefit analysis; quality of servic... Panasonic Eluga Arc 2 With 4G VoLTE Support Launched at Rs. 12290 Panasonic Eluga Arc 2 Smartphone: Panasonic a Japanese-based electronics and smartphone Company Has Launched a new flagship 4G smartphone under its Eluga-series in India. Lenovo India appoints Rajesh Thadani as new consumer business head In his new role in Lenovo India, Thadani will lead the growth strategy to further strengthen Lenovo’s growing consumer segment. Josh Groban, Kat Dennings call it quits? 2 Broke Girls star and singer call it quits, but remain close friends Preacher: "Call and Response" Review SPOILER ALERT: This story contains details about tonight’s Preacher Season 1 finale and some details about Season 2. In , “Call and Response,” tonight’s Preacher season finale on AMC, Jesse C… 9 mobile phones, chargers recovered from Orai jail Nine mobile phones, 13 chargers and a few batteries were recovered from the inmates of Orai district jail during a raid on Saturday night. Samsung Galaxy Note 7 press renders leaked ahead of August 2 launch Samsung Galaxy Note 7 press renders have been leaked online ahead of the official August 2 launch. Lenovo Vibe K5 Note India launch today: Here's all you need to know Lenovo Vibe K5 Note will feature secure zone allowing users to keep two accounts active on a single device Haryana crime branch tapped phones unlawfully, violated privacy in 2014 It was an issue which had the potential of opening the Pandora’s box, given the unabashed misuse security and intelligence agencies make of their phone tapping powers. But it was given a quiet burial. 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