Nov 30, 2016 - Indian finance hunting firms at our doors, says China-led Asian Infrastructure Investment Bank

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Sree Vijaykumar From the Editor's Desk What do elite VCs read every morning? Joe Jovde (of ramenprofitable.co) has surveyed the top VCs in Silicon Valley to find out what they read for work. The list includes expected blogs by Fred Wilson, Tom Tunguz and Mark Suster, but also Tim Urban's 'Wait but Why', a blog that helps you ingest serious information in a light-hearted way. If you are involved with startups/technology, check out the entire list here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). Indian finance hunting firms at our doors, says China-led Asian Infrastructure Investment Bank India is the second largest stakeholder in the AIIB. The purpose of the agency is to support sustainable economic development of the economy of Asia through infrastructure investment. 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.   Demonetisation: Month to go, bankers say 90-95 per cent money will return to system Bankers expect at least 90 per cent of the Rs 500 and Rs 1,000 notes to be deposited in the banks. RBI pressed into service to ease Rs500 note shortage RBI printing presses, which were printing Rs2000 notes so far, will start printing the new Rs500 notes from today Dharmendra Pradhan asks oil firms to make sure labourers get cashless payment Oil minister urged state-owned oil companies to make sure their private contractors executing projects directly credit wages of workers in their bank accounts LIC starts prepping to vote in Tata EGMs called for Cyrus Mistry ouster LIC is said to have started preparing background notes on Tata Sons’s firms where shareholder meetings have been called to oust Cyrus Mistry as director Emotion recognition start-up Entropik raises funds from angel investors With the funding, Entropik wants to ramp up its research and development efforts and get more customers on board Ever wondered what happens to demonetised currency? This time most of the newly demonetised currency notes will reach the yards of Western India Plywood (WIPL) on the banks of Valapattanam river in Kannur, Kerala, for pulping. Adaptive Indian economy will overcome note ban TV Narendran, managing director, Tata Steel felt that the fallout of demonetisation is more a postponement of demand than vanishing of demand. Associate banks' merger: SBI must understand the ABCD of customer retention SBI fears that depositors in associate banks who are used to communicating with officers in their mother tongue, in whichever corner of the country the branch is, may also leave. Affordplan raises Rs20 crore from Prime Venture, Kalaari Capital Affordplan will use the new funds to expand its team and enter new cities Will Flipkart markdowns hurt its fundraising prospects? A Morgan Stanley mutual fund slashed its estimate of Flipkart valuation to $5.54 billion—a fourth such markdown in nine months Government hooked onto hashtags for rural banking push RRBs are mostly sponsored by full-service banks at the backend, NPCI is talking to the banks to help their RRBs by sharing the technology with them. Demonetisation silently changing the way the country does financial transactions There is, of course, the struggle for cash, but the adoption of digital banking is accelerating, with the realisation that cash may no longer be the king. Demonetisation: With RBI 'rationing' cash, queues unlikely to shorten quickly Bankers have been making several trips to the central banks headquarters in Mumbai to get a sense of whether currency availability will improve. Catholic Syrian bank seeks nod for stake sale CSB which has a network of 430 branches, 240 ATMs across the country is being looked at as a vehicle to expand Watsa's presence in the Indian financial sector. Khazanah Nasional Berhad arm to sell stake in IDFC Bank Malaysian sovereign wealth arm has bought 8.97% stake in IDFC in March 2007 through a similar block deal incidentally also brokered by UBS on behalf of Swiss Finance Corporation. What are vanishing companies? The present laws are inadequate to deal with vanishing companies, say experts Cognizant to acquire Mirabeau BV to expand digital expertise Cognizant says Mirabeau’s acquisition will expand its digital business capabilities in the Netherlands and across Europe Digital payment firms cash in on India's money mess, but can it last? Digital payment providers have mobilised hundreds of extra workers to enrol small merchants and offered their services for free. Tata boardroom battle shouldn’t shake our confidence in the Tata trusts Because as a catalyst for civil society and increasingly a platform around which global funders are coalescing, the Tata trusts are playing a critical developmental role Telecom towers in India are getting a complete make-over The country's largest telecom tower company Indus Towers is all set to erect 500 new-generation towers across 50 cities in next one year. The Cash vs Digital Money: why going cashless is going to be tough in India At the end of a panel at “Startup India Standup India”, adequately named “Disruptive Power of Technology in Financial Inclusion”, the panelists, which included Paytm CEO Vijay Shekhar Sharma, Eko Founder and CEO Abhishek Sinha, and Ispirt’s Sharad Sharma, pledged to make India a cashless economy. Th Mobile internet is changing fast in India, but don't let vanity metrics mislead you Overall data penetration will grow more gradually by 2x to 600 million by 2020, reports Tech in Asia ASUS to manufacture Zenfone 3 Max in India The smartphone comes in two variants -- 5.5-inch (ZC553KL) and 5.2-inch (ZC520TL) -- and features 16MP/8MP and 13MP/5MP rear+front cameras, respective.. Priority Vendor uses cloud-based platform to optimize invoice discounting Priority Vendor’s cloud-based platform aims to optimize the cash discounting process between small and medium enterprise vendors and large enterprises (buyers) This is one load that transporters don't want India Inc to lighten Bal Malkit Singh, advisor and former president of All India Motor Transport Congress, said the road transport industry is losing revenue of Rs 4,500 crore every day. India Inc says business will take a hit due to demonetisation TV Narendran, managing director, Tata Steel felt that the fallout of demonetisation is more a postponement of demand than vanishing of demand. HUL slashes December ad budget as cautious consumers hold back An FMCG giant is halving its spends on TV commercials as shoppers are staying away, while trucks earlier fully laden, are seeing lower dispatches of goods by shippers Impossible To Transit To A Cashless Economy, Now Or In The Future: Adi Godrej From curbing black money, the government now says that the demonetisation drive is meant to speed up the shift to a cashless economy. Lok Capital leads Rs 45 cr investment in Jharkhand's dairy brand Osam Impact investment fund Lok Capital has led investment of Rs 45 crore ($6.7 million) in Ranchi-based HR Food Processing firm, which manufactures and markets dairy products under the brand 'Osam'.The Series B round of funding was led by Lok Capital FMCG giant streamlines logistics, cuts cost and carbon footprint Smooth supply-chain and logistics operations are critical to the success of an FMCG company. Here is how FMCG major RB India, manufacturer of popular brands like Dettol and Lyzol, streamlined its supply chain and logistics operations.  Hallmarking of gold and silver jewellery only voluntary: Government The setting up of A&H centres is a market driven activity which depends on the commercial viability as assessed by the entrepreneurs. Cash-hungry buyers cut down on ghee, cheese Cash-hungry buyers cut down on ghee, cheese - There are concerns on high-value items like ghee and cheese as a result of which consumers are likely to downgrade to smaller packs: Devendra Shah India can rule world lifestyle market Our artisanal products are well regarded in Europe. Export promotion councils should be revamped to leverage this potential Online bounty: 15 million Lenovo phones sold on Flipkart This helped Lenovo become the largest online seller of smartphones, accounting for a quarter of such sales. Is Measuring 'Consumer Annoyance' the Next Step in Online Ads? Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities -- get all the breaking news, right now. FreeCharge signs pan-India agreement with IOCL, BPCL and HPCL The list includes nearly 26,000 petrol pumps of IOCL, nearly 13,500 petrol pumps of HPCL and nearly 13,800 petrol pumps of BPCL. How to use Paytm and other e-wallets? It's easy, very easy How do you use an e-wallet? Is it really simple or difficult? What all do you need to use an e-wallet. Here is an explainer using Paytm, although other e-wallets, including MobiKwik and Freecharge, also work similarly. Croma targets Amazon, Flipkart with large stores Hindustan Times Consumer electronics is the largest category for e-commerce companies that have been clocking record sales. Flipkart sold 15.5 million units in its Big Billion Dollar Day sale between October 2 and 6, while Amazon reported a threefold rise in sales at ... Digital payment firms cash in on India's money mess, but can it last? Working out of a bustling market in the capital, he is surrounded by banks and ATM machines, but says he does not know how to use a credit card machin.. 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