Aug 4, 2016 - SBI to become a single entity by April 2017 with its subsidiaries

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Sree Vijaykumar From the Editor's Desk Speaking of weird and unsavory, if there's one thing that really excites Peter Thiel, it's the prospect of having younger people's blood transfused into his own veins. That practice is known as parabiosis, and, according to Thiel, it's a potential biological Fountain of Youth--the closest thing science has discovered to an anti-aging panacea. More here Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. SBI to become a single entity by April 2017 with its subsidiaries When merged, the entity will be a banking behemoth with an asset base of Rs 37 lakh crore, a branch network of nearly 25,000 and 58,000 ATMs. Ratan Tata to set up venture capital fund The fund will have a corpus of around $100-150 million, and Tata already started scouting for start-ups to invest in Warburg Pincus invests $125 mn in Stellar Value Chain Solutions Warburg Pincus aims to build Stellar Value Chain into a world-class logistics firm, says MD Certain norms under companies law not applicable on Masala bonds Issuance of rupee-denominated bonds to overseas investors is regulated by the Reserve Bank of India as part of External Commercial Borrowing policy framework. DBS Bank keen on expanding digital offerings in India, says CEO Gupta To launch a fully digitised platform for SME lending later this year NTPC raises Rs 2,000 crore via green masala bonds Unlike dollar bonds where the borrower takes the currency risk, masala bond investors will bear the risk. With the green issuance, NTPC will now use the proceeds only in clean energy projects. Global funds like Ashmore and Prudential are loving India again as Modi to prove reform mettle The benchmark S&P BSE Sensex last week capped the longest run of monthly gains since 2014, while sovereign bonds surged the most since 2013. Fund houses hit ELSS merger hurdle Multiple ELSS plans in the same fund house should be merged. It is good for everybody. So what is the snag? DHFL public bond issue gets record Rs19,000 crore subscription Mortgage lender DHFL’s bond issue, which opened on Wednesday, intended to raise up to Rs4,000 crore Need to maintain regulations in banking: SBI chief Arundhati Bhattacharya These were the challenges that the Indian banking industry would face in the wake of globalisation which was not there at least ten years ago, she said. SBI identifies 7 lakh accounts for providing overdraft facility Seven lakh loans (taking overdraft) will be provided for personal purposes also, not necessarily for entrepreneurship, she said at the 13th Banking Conclave organised by FICCI. Bitcoin sinks after hackers steal $65 million from exchange in Hong Kong Hong Kong-based exchange Bitfinex says it halted trading, withdrawals and deposits after discovering the security breach Trai releases consultation paper on mobile banking Nightmare UI and high prices blamed for low take-up of service hoped to replicate success of M-Pesa India may gain $80 billion per year on relaxing visa regime The Global Times article says that proposals for a visa waiver programme for nationals from other BRICS nations has faced obstacles in India, particularly because of "security concerns" with China. Kotak Mahindra Bank to raise Rs5,000 crore The plan is within Kotak Mahindra Bank’s `50,000 crore borrowing limit approved last year Wargburg Pincus affiliate invests $125 million in Indian logistics company Stellar Value Chain Solutions is founded and led Anshuman Singh, who previously set up and led Future Supply Chain Solutions for Kishore Biyani's Future Group. Infosys to bet closer home, $15 million for Indian venture capital fund The Infosys investment — from its $500-million Innovation Fund set apart for early-stage investments — will mark the second such deal by the company in a venture capital fund. Portals like Freecultr, Zovi and Fashionara on verge of closure Unsuccessful attempts to raise money or find buyers is forcing some of these portals, which had resorted to deep discounting to lure customers. GST to reduce costs for retailers, boost consumption Many in the industry believe that retailers can centralise their storage and supply chain because of the GST Patanjali locks horns with e-tailers Patanjali has already informed brick-and-mortar retailers not to offer discounts on its products Faster Delivery, Lower Prices: E-Commerce Bets Big On GST The Goods and Services Tax, which aims to transform India into a single market, will boost the countrys young e-commerce industry whose bread and butter depends upon quickly delivering goods across state borders. Luxury on offer in India still quite limited: Longchamp CEO Longchamp, which was founded in Paris in 1948 by the CEO's grandfather, Jean Cassegrain, has over 300 exclusive stores worldwide. Wargburg Pincus affiliate invests $125 million in Indian logistics Stellar The company intends to provide logistics solutions that will include multi-user warehousing, primary and secondary distribution, e-fulfilment and storage. Future Group's secret to handle a large, diversified portfolio: 'Futurocracy' Future Consumer Enterprises Limited employees presented plans on its brands, giving them a chance to run an entrepreneurial set-up within the company. 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. Morning News Call To access the newsletter, click on the link: here Two arrested for robbing duo of cash, mobile phone Osmania University (OU) police arrested two robbers and apprehended two of their juvenile associates for robbing two persons of their valuables near the university campus on Saturday. Telcos seek uniform GST rate across India, cap at 15 per cent A higher GST rate, they said, would drive up cost of provisioning services, and in turn, hurt both prepaid and postpaid consumers by way of higher phone bills. 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