Oct 24, 2016 - Baring Private Equity Asia drops out of race to buy ICICI Home Finance

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Sree Vijaykumar From the Editor's Desk In this world I think we have two kinds of knowledge: One is Planck knowledge, that of the people who really know. They've paid the dues, they have the aptitude. Then we've got chauffeur knowledge. They have learned to prattle the talk. They may have a big head of hair. They often have fine timbre in their voices. They make a big impression. But in the end what they've got is chauffeur knowledge masquerading as real knowledge. More gems on mental models and learning in this article Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free BMW: Celebrate joy with BMW Festival 2016   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). Baring Private Equity Asia drops out of race to buy ICICI Home Finance Baring is said to have soured on deal after IVFA wanted to run the acquisition using ICICI Bank executive director Rajeev Sabharwal, who used to be with the home finance arm. 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.   SoftBank to invest up to Rs 2000 crore in Ola “There will be an external process that will be launched now and Ola will keep the round open,” said one of the sources. Malvinder and Shivinder Singh in talks to sell Religare Finvest for Rs 6,000 crore With a book value of around Rs 2,700-2,900 crore, Finvest is expected to be valued at Rs 5,500-6,000 crore, analysts said. JLL India's new vertical to invest in real estate startups Indian unit of international property consultant Jones Lang LaSalle will invest in growth-stage companies that develop technology solutions in the real estate sector Motilal Oswal Private Equity to invest Rs 110 crore in Dairy Classic Ice Creams The funds will be used for capacity expansion in Tamil Nadu and Karnataka, deepening the distribution network and brand building, said the directors of Dairy Classic. Blume Ventures marks final close of its second fund at $60 million One-third of the funds Blume Ventures has raised has come from domestic investors such as IIFL Wealth Management and the government’s India Aspiration Fund Lok Capital, others divest stake in Ujjivan Financial Ujjivan stake sale necessitated by need to lower foreign shareholding to the maximum 49% allowed by RBI in a small finance bank Banks' deposit portfolio hits Rs100 trillion. What next? Kolkata: With falling bank deposit rates hitting time deposits hard, people are turning to financial instruments like shares, mutual funds, debentures, currency and tax-free bonds for higher returns, says the Reserve Bank of India (RBI). LIC's rescue of Air India may hit banks hard If only Air India paid its fuel bills on time, there wouldn't be any need of a discounted LIC loan Finance Ministry declines to share black money assessment reports About Rs 65,250 crore of undeclared income has been declared under the recently-concluded income Declaration Scheme-- which provided an opportunity to people, who had not paid full taxes in the past, to come forward and declare their domestic undisclosed income and assets. Spell out cyber hygiene measures: RBI to banks after security breach Banks have also been specifically directed by the RBI to put into action a security policy enlisting their strategy on combating such threats. Three banks get back $2.5 billion from Essar group Between the two Indian lenders, ICICI Bank's share is nearly three-fourths while that of Axis Bank is about one-fourth -- in the total exposure as well as repayments. Indian deal makers plagued with debt Out of the total cash component, nearly $350 million was paid in cash to the two Indian banks last night Here's why this huge bank data fraud was a disaster waiting to happen India’s quest to become a cashless economy has been dealt a blow by a data breach that compromised as many as 3.2 million debit cards. MP to become India's supply hub post GST roll out: Jaitley Heaping lavish praise on Madhya Pradesh Chief Minister Shivraj Singh Chouhan for ensuring what he termed as Madhya Pradeshs exit from the BIMARU stigma, Union Finance Minister Arun Jaitley today while inaugurating the two-day Global Investors Summit (GIS) 2016 being organised by the Madhya Pradesh government at the Brilliant Convention Centre said that the event would prove to be a milestone in the industrialisation process of the state. Diwali sales: Flipkart, Amazon announce more discounts for festive season Firstpost FirstpostTo make it easier for customers to avail of large purchases on EMI, both the e-commerce giants have signed up with banks for schemes and options. While Amazon has tied up with State Bank of India, Flipkart has chosen Citibank and will offer cashback of ...p; Walmart sues cookware maker for 'using' name Burger King, which entered India about two years ago, is battling several trademark cases in India including one against 'Mr Singh Burger King'. As buyers desert offline stores to buy from Flipkart, Amazon, Snapdeal, here's why e-retail hypocrisy must be ended Considering the billions of dollars that are coming in as investments in the e-tail sector in the country every year, it is not surprising the government is reluctant to end the party. But, as a result of e-tailers being able to offer huge discounts, they are beginning to hurt not just big online retailers in the country but are also threatening to disrupt the models of white goods suppliers as buyers are starting to desert their offline stores in search of big online discounts. Multiplex under Kochi Corporation's scanner for fire safety lapses Amid concerns of the city corporation turning a blind eye towards the operation of cinema halls without fire safety clearance, the Ernakulam district administration has launched an independent probe i Procter & Gamble plans Walmart-like pact with Future Group A month ago, P&G global chief executive David Taylor visited India and toured a few retail outlets, including Big Bazaar. Rivals find it shameful selling products unique to India: Amit Agarwal If there was a selection of products on Mars that people cared about and Amazon could build a rocket ship to bring it to the Earth, the world’s largest online retailer would get it, said Amazon India Amazon 'Great Indian Festival' Sale begins October 25: Top deals on smartphones, other electronics Amazon India has now announced its second sale this festive season - the 'Great Indian Festival that will be running from October 25-28 Reliance forays into LPG retailing Currently, public sector retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum control retail LPG market, selling cooking gas in 5-kg, 14.2-kg and 19-kg cylinders. Madhya Pradesh to be logistics hub in GST regime: Jaitley FM asks industry to increase the speed of investments and stay ahead of the government Google to directly sell Pixel smartphone through stores, take on Apple and Samsung Analysts expect Google to start with about 1 lakh devices to make a dent in India's premium smartphone segment, which is dominated by Samsung and Apple. Trai floats paper on interconnect rules to remove arbitrariness Trai said that operators have raised several issues with regard to interconnection facility ranging from unreasonably high rates asked by existing telecom operators, billing settlement, disconnection etc. All Samsung Smartphones in India Will Be 4G Phones | Digital Trends If you're buying a Samsung phone in India, it'll be of the 4G variety. AT T to buy Time Warner for $85 billion, create telecom-media giant AT&T Inc (T.N) said on Saturday it agreed to buy Time Warner Inc (TWX.N) for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers. 'Mobile Tower Emissions Well Within Limits in India,' Says DoT Several high courts in cases related to issue of effects of the radiation from cell phone towers have given judgments whereby they have dismissed petitions. One lakh blocks in India to be digitalised soon: Telecom Minister One lakh blocks in India to be digitalised soon: Telecom Minister - One lakh blocks in the country will be digitalised in the coming days, Telecom Minister Manoj Sinha has said.  "Some one lakh blocks in the country will be digitalised in the coming days to ensure that people do not have to run to tehsils for getting their work done," the minister said here on Friday. Voice calls will always be free, reaffirms Jio Reliance Jio said that the free service, including unlimited mobile data, will be available for its subscribers till December 31 Hemant Malik is new chief of ITC’s foods business VL Rajesh will be replaced by Hemant Malik, the chief executive of trade marketing and distribution for the groups FMCG business, which includes cigarettes. Rs 6-lk-cr investment promised to state The Aditya Birla group pledged an investment of Rs 20,000 crore and an equal amount of investment has been committed by the ministry of petroleum Dabur goes back to basics to take on Patanjali Feeling the heat from Baba Ramdev’s Patanjali Ayurved, Dabur returns to its roots: Ayurveda Our aim is to make Dabur a multinational from India: Amit Burman- Livemint Dabur India vice-chairman Amit Burman is unruffled by the much-talked-about emergence of Patanjali as a competitor to Dabur Forget Pierce Brosnan's stunts Before Bond, there were other heroes who came to the rescue of pan masala brands. Rajasthan to launch country's first indigenous olive oil brand "The state will be launching its olive oil under the brand 'Raj Olive Oil' at the Global Rajasthan Agri-tech Meet (GRAM)," state Agriculture Minister Prabhu Lal Saini said. In a first, Centre brings regulators, industry on board to redress consumer grievances Got a complaint? Have it heard. In a first, the ministry of consumer affairs has brought together various regulators, big companies and industry bodies to facilitate the registration of consumer grievances on the spot and also enlighten them on their rights. 'MNC Unilever losing market to desi Patanjali' | Millennium Post ‘India imports goods worth Rs 25 lakh crore from various countries and Rs 4 lakh crore of goods from China. India can become the world’s largest manufacturing... Baba Ramdev says was denied US visa because of 'bachelor status and no bank account' Baba Ramdev was once denied a visa to the United States citing his bachelor status and not having a bank account. But later it invited him and gave him a 10-year visa when he was to address the United Nations, which is headquartered in New York, the Yoga guru revealed on Saturday. Indian government wooing Chinese component manufacturers to set up shop in India A top government official said that India and China have their strengths and the intent is to bring them together through partnerships to create a win-win proposition. Farmers and consumers may have caused the Cauvery crisis The current Cauvery water-sharing crisis between Karnataka and Tamil didn’t happen because of just one weak monsoon. Even in a normal year, the 740 thousand million cubic feet (tmc ft) available in the 81,500 sq km Cauvery basin doesn’t meet the agricultural, industrial and urban demands of either state. In deficit years like this one, where the southwest monsoon has failed both Karnataka and Tamil Nadu, there’s even less water to share. 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