Oct 25, 2016 - Department of Post tweaks tender to woo tech companies for payment bank

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Sree Vijaykumar From the Editor's Desk Imagine if someone asked you to live on the poverty line, i.e. at Rs 26 per day! Tushar, an investment banker and Matt, an MIT graduate did exactly that, as an experiment! They moved into their domestic help's tiny apartment. They ended up spending a large part of their day organizing what they would eat - soy nuggets were a wonder food, affordable and high on protein, Parle G biscuits were cheap, 25 paise for 27 calories. They walked long distances, and saved money even on soap to wash their clothes. They could not afford communication by mobiles and internet. It would have been a disaster if they fell ill. For the two twenty-six-year-olds, the experience of "official poverty" was harrowing. More on this and lessons learnt here 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). Department of Post tweaks tender to woo tech companies for payment bank Officials of technology companies told ET that they decided to give the opportunity a miss since the contract didnt make “business sense” and its terms and conditions were very “vague” and “open ended”. 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.   The men who will pick Cyrus Mistry’s successor at Tata Sons A look at the key figures who will pick Cyrus Mistry’s successor as Tata Sons chairman after Ratan Tata’s term as interim chairman ends in four months Sebi issues disclosure norms for listed insurance companies Sebi said insurance companies will have to submit disclosures pertaining to financial results and capital employed for quarters ending 30 September and 31 December 2016 RBI calls stakeholders for meet on debit card security breach Banks had been receiving multiple complaints from customers about cards being used in China at various ATMs and point of sale terminals. ONGC to discuss bonus issue on Thursday to up liquidity ONGC is considering issuing bonus shares rather than cash dividends as a method of providing income to shareholders BSE launches ‘paperless SIP’ facility for mutual fund investors The iSIP, facility will dramatically cut the registration time and allow subscribers to transact through different payment modes Air India may benefit from restructuring scheme but banks could be saddled with duds One wonders why the government is trying to rescue Air India, as it might well be exposing banks to duds which the airline's equity shares are likely to turn out given its massive accumulated losses India’s proposed algo trading rules cast pall over NSE, BSE IPOs The new rules come at an awkward time for India’s two main bourse operators, NSE and BSE, which are both drumming up investor interest for their planned IPOs Everstone buys 70% stake in drug delivery tech firm Rubicon Research This will be fourth investment from Everstone’s latest PE fund, Everstone Capital Partners III, which raised $730 million last year Why India sneezes when China catches a cold According to the Pew Global Attitudes Survey, Indians and Chinese are content with growing integration of their nations into world economy. Centre throws lifeline to stranded power plants, ropes in cash-rich PSUs like NTPC, Coal India Paying heed to the Reserve Bank of India's (RBI) advice to improve operational efficiency of companies whose loan accounts have gone sticky through induction of new owners or managers, the government has lined up a plan under which cash-rich public sector undertakings like NTPC, Coal India, Power Finance Corpn and Rural Electrification Corpn will buy equity stakes in stranded power plants. Sebi finds some more brokers gained unfair access to NSE systems Sebi to conduct fresh probe of brokers, separate from NSE’s own audit of its algorithmic trading systems Tesco trials contactless receipt system to send purchases to phones After customers have paid for items at the checkout, they tap their debit or credit card on a separate terminal at the till, which sends a digital receipt to a pre-installed phone app. Patriarch Ratan Tata steps in at Tata Sons after board ousts chairman Cyrus Mistry Ratan Tata, patriarch of one of India's most influential families, will take over as interim chairman of Tata Sons after the salt-to-software conglomerate's board ousted Cyrus Mistry, who had sought to shake up the firm's management. Sagarmala to save up to Rs 40000 crore per year in logistics by 2025 An emphasis on coastal shipping to complement road and rail transport can lead to overall logistic cost savings. Retail cold chain: Will it work in India? High operating cost of cold storage - $ 60 per cubic meter in India compared to $ 30 in the west - is one of the major roadblocks for the sector's growth, says Alagu Balaraman Telecom gear companies look to gain from spectrum auctions At the countrys biggest auction of telecom spectrum earlier this month, top telcos bought airwaves on which networks will be rolled out and expanded. Huawei, Ericsson, Nokia say new 4G deals from Vodafone, Idea, Airtel to shore up sagging revenue in India Industry watchers say that majority of deployment will happen on the 4G LTE front in 1800 MHz and 2300 MHz band, with 3G deployment seeing growth flat.. Bharti Airtel Q2 profit seen down 28%, India volumes may decline Bharti Airtel, the country's largest telecom operator in terms of subscribers, is expected to report a 28 percent degrowth in July-September quarter profit at Rs 1,050 crore QoQ on forex loss due to Naira devaluation & interest expenses... Jio 4G may remain free until March 2017: Report   Jan dhan Yojana: Mobile financial services to bring opportunity to ... Ernst & Young (E&Y) said that there is a large untapped rural population in India waiting to be covered under the financial net, which is only possibl.. iPhone 7 vs iPhone 7 Plus: Which one is better and which one you should get It's true that both the iPhone 7 Plus and the iPhone 7 Plus are targeted at different set of users, but they are similar enough. So the question is which one should you buy, we tell you. 'Call centre scam bound to hit BPO business in India' A multi-crore scam by fraud call centres in Mira Road, Borivli, Malad and other parts of the nation has raised the flag for a stricter regulatory framework for BPOs. TOI speaks to Vijay Mukhi, one of the pioneers of the Internet revolution in India. ICA president urges Chinese mobile phone makers to 'Make in India' The world's largest contract manufacturer of phones, Foxconn Technology Group is planning to expand its operations locally next year. It has already India is celebrating everything and doing it differently Festivals are transcending borders and traditions, triggering surge in spending on brand new segments like packaged food and beverages, grooming and travel Companies like Snapdeal are gifting exciting experiences to employees This festive season on an average Giftxoxo is getting 10-12 leads from corporates a day compared to 10-12 a month a year ago, Khandelwal said. We're expanding retail network in southern and western India: Avani Davda Interview with MD, Godrej Nature's Basket GM mustard will reduce dependence on imports: Edible oil companies India annually spends Rs 65,000 crore to import edible oil. The annual production of mustard oil in the country is 2-2.5 million tonnes, out of the total domestic edible oil production of 7-8 million tonnes. Consumers may loosen purse strings in second half of the year, feel FMCG Companies Sales growth from most consumer-product companies over the past two years suggest that many are grappling with choppy demand. Like Pierce Brosnan, Indian celebrities should steer clear of surrogate advertising too Endorsements for soda water, music CDs and mouth fresheners increase sales of companies better known for their tobacco and alcohol products. Exquisite partners with Warner Bros. consumer products Exquisite, an innovative and experienced player in the EMEA market, has teamed up with Warner Bros. Consumer Products EMEA (WBCP EMEA), on behalf of DC Entertainment, to create the first retail loyalty programmes featuring DC Super Heroes. Future Group gets ex-Marico CFO Milind Sarwate onboard- India Today Future Group gets ex-Marico CFO Milind Sarwate onboard Competition Is Never A Threat, Says Bigbasket CEO Hari Menon, CEO of Bigbasket, explains what clicked for the brand and how to win customers in a competitive retail environment, , e-commerce, Big Basket, retail, bigbasket Huhtamaki PPL to set up plants for flexible packaging and labels in NE India The company will spend Rs 65 cr to build manufacturing facilities for flexible packaging and labels at Assam and Sikkim respectively. It will also relocate its labels plant in Navi Mumbai Too much of Ramdev on TV? Patanjali in an ad drive- Hindustan Times Nowadays, we see more and more of Ramdev while surfing through Television channels and even the social media. Well, yoga guru Baba Ramdev’s brand Patanjali is on cloud nine. The brand now has already increased its on-air advertisement. Started as a yoga guru Ramdev first captivated the mass with his different ‘asana’ that proved to be … The Sangh Parivar is Tilting At Windmills On The Chinese Boycott Issue If India’s diplomatic objective is to economically punish the Chinese for their support to Pakistan, then it is being done in a deeply flawed and ham-handed manner. Dairy companies invest big to milk gains from rising demand Chennai-based Hatsun Agro Products has announced a nearly Rs 170-crore investment in setting up of cold-chain infrastructure. Procter Gamble to branch out in Indian market with Future Group A month ago, P&G global chief executive David Taylor visited India and toured a few retail outlets, including Big Bazaar. Why India's Flipkart should consider physical stores This may be a pragmatic step by a company that understands the challenges faced in converting the long tail of India's population into would-be e-commerce customers. Flipkart claims better brand recall than rivals Higher sales were reported in categories such as smartphones, electronics, fashion and large appliances 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