Sep 16, 2016 - Technology in financial sector: Intelligent banking to firewall online threats

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Sree Vijaykumar From the Editor's Desk What causes financial crises? It is a big question. For decades, though, it was one that economists rarely discussed. Sure, there were stockmarket bubbles and currency crashes, but central banks seemed to have perfected their responses, preventing the emergence of systemic crises. Finance, a sub-discipline of economics, focused on topics such as how to price assets. The carnage of 2008 changed that. Economists, investors and central bankers turned back to the big question. One answer, which had been crafted decades earlier but largely marginalised, received more attention than most: Hyman Minsky's financial-instability hypothesis. More here 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). Technology in financial sector: Intelligent banking to firewall online threats Rising reliance on technology for financial services is a promising development for consumers but inadequate safety measures against cyber crimes may spoil the party. Yes Bank’s aborted QIP under Sebi scanner Sebi is investigating whether its listing norms were breached in Yes Bank’s QIP offer, and the possibility of insider trading in the lender’s stock Merger of SBI, associate banks: Norms not followed, shareholder representatives on SBT board say Directors Sajan Peter and M C Jacob said they had recorded serious concerns about the proposal for the merger. Post merger of Budgets, fund access likely to be hassle-free for Railways Currently, Railways spends money through what is known as Demands for Grants presented to Parliament to draw funds from Consolidated Fund of India. inFeedo raises funds from HNIs Employee engagement platform inFeedo plans to use the funds for international expansion, invest in technology and human resources After W's success, more mid-sized apparel firms look to woo PE funds Esjay International, which owns womenswear brand Chemistry, and Soch Apparels have hired bankers to raise funds in the range of Rs50-100 crore The case for venture debt in Indian start-ups Overall, founders need access to multi-variate sources of capital at different lifecycle stages Why TPG’s Rise Fund could redefine impact investing TPG Growth’s social impact fund called the Rise Fund aims to invest more than $1 billion over time; it is unprecedented in the impact investing universe How much money executives estimate they waste every day And on what, based on a survey of 83 senior managers A tale of three REERs and why we should leave the rupee alone A relatively stronger currency cannot look out of place when the balance of payments is in surplus CCI orders probe against Jaiprakash Associates in majority orders The CCI ordered the probe into two separate cases involving real estate projects in the NCR for alleged abuse of dominant market position Nirma raises Rs4,000 crore debt to fund Lafarge India assets deal According to people familiar with the matter, the money was raised by Nirchem, a special purpose vehicle created by Nirma for the buyout Green masala bonds, others can fetch Rs 2 lakh crore: Nitin Gadkari "We raised Rs 5,000 crore yesterday at an interest of 7.6 per cent from EPFO. Earlier also, we raised Rs 5,000 crore below 8 per cent," said Gadkari. Lone Star Funds looks to acquire distress assets in India Apart from the existing venture, SBI is now looking to raise another platform to sell stressed assets with a global financial institution. Hero FinCorp raises Rs1,000 from ChrysCapital, others Hero FinCorp raised Rs570 crore from private equity firm ChrysCapital, Rs132 crore from Credit Suisse, and Rs300 crore from the Hero Group RBI turns down banks' plea for another deadline extension for migrating to EMV Chip and PIN Cards The central bank had extended the deadline to September 30, 2016 for new cards issued under the Prime Minister Jan Dhan Yojana and other government schemes. Mauritius hopes to remain major FDI source to India New Delhi, Sep 15 (IBNS): Finance Minister of Mauritius, Pravind Jugnauth, who is currently in India, met Union Finance Minister Arun Jaitley and Union Minister of MSME, Kalraj Mishra, on Thursday in New Delhi. Rupee weakened by devaluation talk, finance ministry denies.b/b The finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters ONGC signs deal to acquire additional 11% stake in Russia’s Vankorneft Deal may be in line with original valuation of $924 mn; once completed, ONGC Videsh Vankorneft will have a 26% stake in JSC Vankorneft Enter the dragon: China’s Fosun International plans to invest $1 billion via realty private equity platform India: Chinese conglomerate Fosun plans $1b investment in India via real estate PE Hinduja Foundries to merge with Ashok Leyland CHENNAI: Ashok Leyland has announced the merger of group company Hinduja Foundries Ltd (HFL) with itself. Singapore's ViSenze raises $10.5M to bring the benefits of AI to e-commerce SINGAPORE, Sept. 15, 2016 /PRNewswire/ -- ViSenze, The Global Leader for AI Powered Visual Shopping, Raises US$10.5 Million In Series B Funding. Biyani retains faith in retail, looks to woo customers The firm aims at Rs 1 lakh-crore of annual business by 2021, says will continue to grow by 20-30% every year Fashion chains post record sales as discounts disappear from e-tail Pantaloons posts 16% sales growth in Q1 while Future Group's Central registers 10% growth Will be top fashion retailer in 2 years: Kishore Biyani The firm aims at Rs 1 lakh-crore of annual business by 2021, says will continue to grow by 20-30% every year Future Group to add 6 more stores to Central brand The company would add more stores in the existing markets as in Mumbai and Bengaluru and also target the emerging tier II & III places. Amazon to be No. 2 in Indian e-commerce market by 2019 India could also become Amazon's second largest market (after the US) as it plans to invest $5 billion in its India business, the report released on Tuesday said. Ikea targets China, India expansion to lift sales by 50 per cent in four years The retailer has a goal for revenue of ¤50 billion ($56 billion) by 2020.Sales in the 12 months through August rose 7.1% to ¤34.2 billion, it said on Tuesday. Best Camera Phones Of 2016 | Gizmodo India These days we use are phones for more than just calls. They are our digital hubs and more than anything else, they are the cameras we own. And cameras are Apple iPhone 7, iPhone 7 Plus India prices are now out: Here's the full list Apple iPhone 7 32GB version is slated to be priced at Rs 60,000, while the iPhone 7 Plus 256GB will come at Rs 92,000 WhatsApp will ONLY share phone number but that is all Facebook needs A PIL with an Indian court had claimed WhatsApp's new privacy policy endangered the privacy of users. India telecom firm revives IPO after 8 years Telecom hardware company Tejas Networks has returned to the market for a listing, having first proposed an IPO before the financial crisis. Telecom companies oppose Trai plan to set up ombudsman to resolve consumer disputes Besides, the Telecom Regulatory Authority of India (Trai) by itself doesnt have the powers to set up an ombudsman, said telcos in a response. Reliance Communications, Aircel merger gives birth to Rs 65000 crore giant; talks on with Sistema for 25% stake Upon completion, the merged entity will also rope in a third partner by diluting 25% equity. Talks have already been initiated with Sistema. Except Telenor, all telecom firms to participate in spectrum auction A total of seven telecom operators filed application for the upcoming spectrum auctions which are expected to begin from October 1. Those in fray include the top three telcos – Bharti Airtel, Vodafone and Idea Cellular – and also Mukesh Ambani’s Reliance Jio Infocomm. IITs change placement course after Flipkart fiasco IITs are also trying to rope in the HRD Ministry to persuade the so-called Maharatna and Navratna companies to participate in campus placement. Millennials spent $25 billion on diamond jewellery in 2015: De Beers “In the four leading markets — the US, China, India and Japan —millennials spent nearly $26 billion on diamond jewellery last year.” Gareth Mostyn said. How Mumbai Based Startup BluBox is Helping Retailers to Scale Up Their Business Over last four years, the company has managed to partner with 15 plus e-shopping portals. It is offering its expertise to over 150 brands and claims to have grown 10 times in the last 24 months., , India Startups, BluBox Infosys may revise lower its guidance yet again this fiscal on Brexit impact, BFSI challenges Infosys may slash its revenue guidance for the second time this fiscal, stung by “risks” like challenges in the banking and financial services sector and cancellation of projects. The reasons for these risks include Britain's decision to exit the EU. However, in the short term, the Bengaluru-based company remains confident of a “better” second quarter … Startups ease process of obtaining education loans CHENNAI: Yeswanth Kumar Muppalla from Vijayawada, a student at North Carolina University, USA, had approached banks for loans and faced rejection multiple times. 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