Oct 13, 2016 - Four PSBs face bonds coupon challenge

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Sree Vijaykumar From the Editor's Desk If you don't know Sam Altman, you heard it here first. Along with Elon Musk, he is up there in terms of people I watch that are moving humanity forward. The 31 year old runs YCombinator (the most successful accelerator), which has over 11 unicorns among its graduates, including AirBNB, DropBox, Stripe and Instacart. When Altman took over from Paul Graham, he wanted to create a trillion-dollar conglomerate to move the world forward. And, he realized, "you couldn't have a trillion-dollar enterprise without major scientific advances." So he opened the batches to hard tech, studied the science and engineering problems such companies faced, and recruited the most promising ones. Altman helped to persuade Kyle Vogt, the C.E.O. of the self-driving-car company Cruise, to do YC in 2014; afterward, when Cruise had trouble finding funding, he invested three million dollars in the company. In March, General Motors bought Cruise for $1.25 billion. Altman had long wanted to start his own nuclear-energy company; instead, he had YC fund the best fission and fusion startups he could find. Then he personally invested in both companies and chaired their boards. Thousands of startups are devoted to social interaction, and fewer than twenty to fission and fusion, but, Altman said, "hard things are actually easier than easy things. Because people feel it's interesting, they want to help. Another mobile app? You get an eye roll. A rocket company? Everyone wants to go to space." When a YC enters "hard tech", that's exciting! The full New Yorker profile here Advertisers of the day Samsung: Samsung Galaxy Tab Iris - India's First tablet with Iris Scanning Technology Transjovan Capital (Capital Raising): : Looking to raise capital from the top investors?   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). Four PSBs face bonds coupon challenge IT companies may report subdued earnings in a seasonally strong quarter. Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   Vinod Rai talks tough, says banks dithering on cleaning bad loans “We are not making much progress and I dont think we have anybody else to blame but the banks themselves,” Rai told ET. The Reserve Bank of India's new neutral rate The central bank is lowering the policy rate despite its relatively pessimistic assessment of inflationary pressures   Will Sebi’s consultation paper ignore the small investor? We did a web search with some key words like ‘adviser’, ‘planner’, and so on across Mumbai, Bengaluru and Delhi, selected the names that came up on the first two to three pages, checked out their websites, called them to check their offerings and whether or not they were licensed. Most did financial planning, without obtaining the Sebi registered adviser licence. RBI moots manned ATMs as branches Mumbai: A study by the Reserve Bank of India (RBI) has found that although the country's mobile banking penetration is among the highest in Asia, Indians are omni channel users in banking and still hugely dependent on ATMs and branches. UPI 2.0 will disrupt payments in India The upgraded version will focus on integrating Unified Payments Interface with Aadhaar and the Bharat Bill Payment System Unlocking the real value of India's start-up ecosystem Govt policies, capital assistance from corporates, guidance from academics and sheer brilliance of Indian entrepreneurs can create the secret sauce for unleashing the true potential of our start-up ecosystem State-run OMCs fail to take advantage of easier norms to buy crude oil Lack of trained personnel and cumbersome internal processes mean oil marketing firms benefit little from norms to buy crude oil in the spot market, say experts Public sector banks' merger faces many hurdles One of the biggest limiting factors in merger talks are often the human resources issues, apart from the Rs6.3 trillion worth of bad loans banks need to deal with Why impatience may be a virtue for India's private equity managers A McKinsey analysis of 880 exits over 16 years in Indian private equity found that returns drop as holding periods increase Sebi should ease M A, delisting norms, say market participants Integrating delisting guidelines and shareholding norms with takeover code, shortening takeover timeline among measures Sebi should take, say market participants International Finance Corp looks to make fresh early-stage investments In March, the institutional investor participated in a $150 million funding round in Big-Basket, while it also led a Rs 400 crore Lenskart later in May. A new manifesto for Indian entrepreneurship A conversation with Arun Maira, Sundeep Waslekar and Nachiket Mor on what it might take to build a world that works for everyone—and how entrepreneurship can play its part in that transformation. HFFC may raise Rs300 crore from Morgan Stanley PE Home First Finance Co.’s fundraising efforts part of drive to ensure there is enough firepower to fuel its expansion plans Microfinance boom catches attention of private banks Private banks are making acquisitions or buying stake in MFIs to tap their growing customer base, retail lending potential Sebi says distributors cannot advise Bank branches will continue to be distributors through the corporate agency route. Sebi is acting in concert with the Reserve Bank of India, which had, in a 26 April 2016 circular, asked banks to do the same thing. Zymergen raises $130 mn to scale robot powered microbe factory SoftBank Group is leading a $130 million funding round in Zymergen to bankroll its expansion, and former US secretary of energy Steven Chu will join the board PNB makes home, auto loans attractive for government staff The Delhi-based state lender said the objective of the drive -- christened as 'PNB Pride' -- is to "ensure availability of housing and vehicle loan at attractive rates J K bank mulls `Islamic banking' due to high demand Parvez said some of the bank’s assets which have been restructured and are under stress are not turning around and these slippages will continue further. From November, use India Post's ATM cards for core banking JAIPUR: India Post in Rajasthan is expected to wheel out interoperability of its ATM cards and allow core banking operations from November. Retail: Discretionary spends in recovery mode Future Group's Central and Brand Factory, Aditya Birla's Pantaloons, Trent's Westside and Shoppers Stop have posted good sales growth numbers in the past few quarters Smartphone maker OnePlus to launch own ecommerce portal The online store will go live within this week and will sell exclusive products including apparel and lifestyle accessories. Myntra brands Roadster, HRX to feature in Shoppers Stop stores Myntra, the largest online fashion retailer in India that was acquired by Flipkart.com for about $300 million in 2014, has about a dozen private brands. French bakery chain L'Opera to raise ₹40 crore Proceeds to be used for expansion IBJA Gold to set up 100 stores in 3 years Besides flagship stores, the company is also planning to expand through franchisee stores, gold vending machines, and online channels. YMS Mobitech in talks with handset makers in India for online distribution deals The app-based distribution system which has in-built analytics, allows retailers to place orders on the app, directly with the company. Paytm may spin off marketplace in November, paving way for Alibaba entry Paytm is planning its own three-day festival sale starting October 12, and a key selling point will be cashback offers totalling over Rs 100 crore. Star Bazaar slashes jobs by a third in FY16 Move aimed at faster profitability and cost reduction E-commerce industry hits the right note by retailing musical instruments Brick-and-mortar sellers move online to tap growing demand Lite Bite Foods in expansion mode To add 40-50 outlets every year; eyes Rs 500 crore revenue by 2020 Warehousing space demand to grow 8% annually: Knight Frank According to the report by property consultant Knight Frank India, the seven cities are National Capital Region, Mumbai, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. Croma to open 50 more stores in five years The company will focus on its existing markets to open stores ans would consider to foray into tier II & III places once the GST is rolled out, a top company official said. Government can now fix retail prices of essential commodities Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. Reliance Jio effect ensured other telcos get busy wooing subsidies, but focus is wrong The much hyped October 2016 auction has ended in a flash with the government making only a fraction of the anticipated Rs 5 lakh crore. Connectivity weak, Pune Cantonment Board mulls 'mobile' solution Murtuza Poonawalla, who lives on Vincent Street in the thickly populated Sadar Bazar area of Pune Cantonment, says that weak cellphone connectivity in his area is something he has grown used to. Call failures between Jio and Airtel down to 56%; with Vodafone India still at 75% Mukesh Ambani-run Jio did not reply to ETs queries while an Airtel spokesperson said the PoI issue is “a bilateral one between the two operators”. Dozens arrested at India call center linked to IRS scam calls Indian police have arrested 70 people and are questioning hundreds more after uncovering a massive scam to cheat thousands of Americans out of millions of dollars by posing as U.S. tax authorities … Phone of another student snatched Phone of another student snatched Fosun eyes Indian start-ups with $200-m fund Chinese firm plans to invest in telecom, fintech sectors 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