Sep 15, 2016 - Sebi looks into discrepancies in Yes Bank's botched-up QIP

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Sree Vijaykumar From the Editor's Desk This fascinating piece titled 'When you change the world and no one notices' gives examples of major inventions that went unnoticed for years and took decades to get accepted. The first passing mention of the Wright Brothers in The New York Times came in 1906, three years after their first flight. A similar thing happened with the telephone and with passenger cars. Jeff Bezos says 'Invention requires a long-term willingness to be misunderstood. You do something that you genuinely believe in, that you have conviction about, but for a long period of time, well-meaning people may criticize that effort.. if you really have conviction that they're not right, you need to have that long-term willingness to be misunderstood. It's a key part of invention.' This is such an important message. Things that are instantly adored are usually just slight variations over existing products. We love them because they're familiar. The most innovative products - the ones that truly change the world - are almost never understood at first, even by really smart people. Advertisers of the day Club Mahindra: 25 years of holiday now begin with an assured 3N Swiss vacation* Puravankara Projects Limited: Book luxury residences located 3kms from Koramangala   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Sebi looks into discrepancies in Yes Bank’s botched-up QIP "We are looking at the entire sequence of events and whether there has been any violation of securities laws,” a Sebi official told ET. RCom, Aircel dial merger, create fourth largest telco Anil Ambani led Reliance Communications (RCom) signed definitive agreements with Maxis Communications Berhad (MCB) for the merger of wireless businesses of Aircel Limited with itself, making it the l Rakesh Jhunjhunwala-backed John Energy planning IPO Ahmedbabad-based oilfield services company John Energy is looking to raise Rs250-300 crore through the initial share sale PNB Housing Finance to launch IPO in October Once launched, PNB Housing Finance’s IPO will be 2016’s second largest after ICICI Prudential Life Insurance’s Rs6,000 crore initial share sale NPCI aims to corner 50% share of debit card market NPCI is also planning to introduce electronic toll-collection system, contactless tap-and-go cards and credit cards in the next three months Edu-tech start-up ConceptOwl seeks to raise Rs100 crore ConceptOwl, a technology-driven IIT-JEE coaching platform, delivers personalized coaching and data-driven analytics Grofers seeks govt approval for FDI in food trading Grocery delivery start-up Grofers has sought permission to undertake trading, including via e-commerce, in food products manufactured in India Monsanto India share jump 10 % after global merger deal with Bayer However, analyst see limited impact of the merger in India's seed, agro chemicals and crop science sector Finance Ministry makes presentation to PM Modi on readiness for GST rollout Finance Ministry makes presentation to PM Modi on readiness for GST rollout - Jaitley, along with Finance Secretary Ashok Lavasa and Revenue Secretary Hasmukh Adhia, made a presentation to the Prime Minister on the state of readiness for creation of a national sales tax (or GST). GST is expected to be rolled out from April 1. Startups to see turnaround in two years: Gopalakrishnan "If one were to look at the positives, India is the only country where one can now get 7 to 8% returns. So, more investments must come to India,"he said. India expected to post first current account surplus in nine years For the full year ending in March 2017, India is likely to post a deficit even lower than last year's 1.1 per cent of GDP, as foreign investment inflows remain steady. Tata Tele and Telenor India candidates for consolidation; Idea may consider merger with an incumbent: Fitch Fitch Ratings sees Tata Telecommunications and Telenor India as candidates for consolidation in the telecom space. Sun Pharma buyback offer to open on 22 September The buyback aims to return surplus funds to shareholders and enhance overall returns for them, said Sun Pharma Next banking disruption lies in one, open online ledger Bankers spend much of their energies in establishing contracts, ascertaining identity and going through records to check whether a certain transaction did take place in the past. Happily Unmarried plans to raise Rs30-50 crore Happily Unmarried is now looking at raising more funds and also getting strategic investors on board as they look at general trade expansion SBI raises $300 million via bond issue The notes, with a 5.5% coupon rate, will be issued through SBI’s Dubai international finance centre and listed on Singapore Stock Exchange Sevenfold jump in India dollar bond sales leaves funds wanting more Indian companies have raised $3.56 billion since 1 July, the most since the period ended March 2015, taking advantage of record low borrowing costs What makes investors trust their money with these 5 financial supermarkets of India Sandy Weills concept of universal banking was adopted by ICICI & HDFC in the 90s. Others like Edelweiss & IIFL are making small, brave attempts in the field. Reliance Capital approves Reliance Home Finance's listing on stock exchange Reliance Capital will hold 51% stake in RHF and company will be adequately capitalised to grow lending book to over Rs 20,000 crore in the next 18 months. India Inc plans Rs 20000 crore blast this festive season Consumer durable companies are expected to be among the largest spenders during the festive season, increasing their marketing expenditure by as much as 10 per cent. 'Smart' friend for your nearby kirana store The New Indian Express 'Smart' friend for your nearby kirana storeBENGALURU: Your neighbourhood store has to walk through a muddling maze to source your favourite cake of soap or pack of biscuits. They have many questions to consider: are they stocking a product that will sell, are they getting the best price from ...sp; Amazon expands network to 12500 local stores, retail outlets Amazon's delivery network, which started as a pilot programme called 'I Have Space' in May 2015 with 2,500 stores, has now been ramped up to reach deeper into tier-II and -III cities. Lower prices of pulses yet to reach consumer as retail rates still high Retail prices are high, Consumer Affairs Secretary Hem Pande said, while asking retailers to ensure parity between wholesale and retail prices. Anil Ambani's RCom Is Merging With Aircel To Become India's Third Largest Telecom Operator The deal helps Reliance Communications cut its debt by as much as 40% Seven telecom operators submit applications for spectrum auctions Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio will participate in the auction, in which the govt is offering 2,354.55 MHz of spectrum worth Rs5.63 trillion Airtel Agreeing To Take Jio's Voice Call Terms Shows The Telecom War May End Sooner Than Expected Airtel will provide more points of interconnections to Jio network. Apple, Google poised for a clash with Modi government over phone encryption A few weeks ago, government officials invited executives from Apple, Microsoft, Samsung to discuss embedding Aadhaar into their technology. Vodafone plans to invest $3 billion into India operations | ET Telecom For the fiscal year 2015-16, Vodafone India's standalone debt stood at Rs 81,500 crore Myntra-Jabong duo eyeing a combined net revenue of more than a billion dollars by next year Net revenues of the two companies, now under the Flipkart fold, were estimated at $500 million last year Startups take concierge services to aam aadmi's doorsteps Need to get an international driver’s license? A helicopter for a day? India to Silicon Valley: Embed our tracking in your tech or risk losing the next billion device users Apple and Google still haven't shown signs of giving in. Infosys to set up centres in Croatia, Russia Infosys on Wednesday said it will set up new centres in Croatia and Russia to expand global service delivery network into Europe. 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