Jan 6, 2017 - Demonetisation: Bank credit growth slowest in decades, say economists

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Sree Vijaykumar From the Editor's Desk Two articles about Amazon caught my attention yesterday - both strengthen my will to invest my non-existent savings in Amazon shares. Vox makes the case that Amazon is innovating in ways very different from Google and Apple. I agree - While Google and Apple have struggled beyond their core areas, Amazon has made business successes out of completely unrelated products - the main Amazon.com ecommerce service, Amazon Web Services (Cloud Computing), Kindle (Devices), Amazon Echo (Home Automation). An explanation in this article. The second article is from Stratechery and has a nice primer on how the 'operating system' is the layer that dominates and makes money in a business ecosystem. It makes the case that Alexa is really Amazon's operating system for the home. Fascinating stuff! Full article 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). Demonetisation: Bank credit growth slowest in decades, say economists Data released by RBI showed that as of December 23, bank lending to businesses individuals and the farm sector stood at Rs 73.48 lakh crore, an increase of 5.1% over the same period of last year. 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. The Real Deal with Email and What TradeBriefs does right So, here Financial services in 2016: For fast movers who develop customer-centric strategy, potential is enormous The year, 2016, has been full of rapid and unexpected changes. The financial services sector witnessed its fair share. SBI claims adequate funds but coop banks disagree Surat: The State Bank of India (SBI) officials on Thursday claimed to have adequate funds in their bank chests to distribute among the account holders and cooperative banks in the city. Monnet Ispat’s lenders restart stake sale process Bankers, who converted Rs350 crore debt into a 51% stake under SDR norms in August 2015, are hopeful of getting bidders for Monnet Ispat this time around Government set to overhaul public spending Shift in spending pattern of Union government—and possibly state governments too—has potential to change entire political economy of developmental expenditure World Bank’s IFC invests $125 million in Hero Group renewable energy unit IFC’s investment is expected to enable Hero Future Energies, Hero Group’s renewable energy unit, to set up 1 GW of greenfield solar and wind plants across India Govt, RBI opposed to residents investing in GIFT City exchanges’ derivatives Exchanges setting up trading platforms at GIFT City wanted the remittance scheme to be extended to derivatives in order to boost liquidity Air India operational losses down 70 per cent in 9 months The airline reported a 10.6 per cent increase in operating revenues atRs 15,828 crore, according to its unaudited numbers. Its expenses increased 7.6 per cent to Rs 15,990 crore. Two Chinese companies hit roadblock with Indian investments In June 2016, India allowed automatic approval for foreign investments up to 74% in pharmaceutical manufacturing. 10 venture capital dealmakers to watch in 2017 2016 saw $134B in VC deal activity focused on the sectors of healthcare, telecoms & software, according to Preqin GST: Exporters to get 90% duty refund within seven days Under the GST regime, the remaining 10% duty refund will be made after verifications by tax authorities How to go about chasing black money The focus of any sustainable reform of the taxation structure must be on reducing flows of tax evasion, not going after existing caches of black money IFC picks up $125-million equity stake in Hero Group's renewable energy arm Hero Future Energies is the renewable energy arm of the Hero Group Sebi proposes retail investments in junk bond sales Sebi said retail investors should be aware of the higher potential risks involved in investing in such bonds Despite Sharekhan acqusition BNP Paribas to hold stake in Geojit The present arrangement does not invite questions of a conflict of interest said Joris Dierckx, CEO and Country Head-BNP Paribas India. PSBs to have more attractive pay packages: Vinod Rai PSBs will have far more attractive pay packages with increased bonus, ESOPs and other performances-linked variables in 2017-18, Bank Board Bureau Chairman Vinod Rai said Piramal Enterprise to enter into housing finance business Piramal Enterprise to enter into housing finance business - Piramal Enterprise plans to incorporate a housing finance company under its wholly-owned financial service arm Piramal Finance Limited. In 2017, we are targeting 2 billion transactions: Vijay Shekhar Sharma, Paytm We are looking forward to get an India stack UPI so that we could work around the restriction imposed by SBI against e-wallets, says the Paytm CEO & Founder. Bitcoin nears all-time high as it becomes ‘safe haven’ asset Bitcoin has fluctuated wildly since it was created in 2009 and lost three-quarters of its value when it plummeted from its previous BPI high of $1,165.89 in 2013 SoftBank’s $100 billion fund lures more investors, on track to close by end-Jan SoftBank’s technology fund attracted investments from the sovereign wealth funds of Abu Dhabi and Saudi Arabia, Apple, Foxconn Technology, and Qualcomm among others At Rs 13566 cr revenues, top Flipkart seller WS Retail beats Shoppers Stop, Trent, others WS Retail, among the top sellers on Flipkart’s platform, reported a 33% rise in revenues in 2015-16 to R13,566 crore, according to a company filing with the registrar of companies. Amazon sees another key exit at logistics unit Starting with Manpreet Ratia, former director and head of last-mile operations in ATSPL who went on to join Myntra in June, director of transportation, Samuel Thomas followed suit in August. SRS Multiplex business put up for sale SRS Multiplex, which operates under the SRS Cinemas brand, is a mid-size chain operating in tier-II and III cities in the Delhi-NCR region and northern India. Hamleys to expand play ground in India UK-headquartered toyshop chain to double its presence Flipkart logistics arm suffers massive Rs 810-crore loss With competition from Amazon, its value erode, making it harder to raise funds at new valuation India reluctant to give special tax incentives to tech giant Apple Trade Minister Nirmala Sitharaman said if India were to agree to any concessions, they would likely apply to all smartphone manufacturers, and not just Apple. Amazon.In sees 160% growth in seller base in 2016 Total selection on Amazon.In in 2016 across categories was over 95 million, higher by 150% from 2015 Nearly 11 mn sqft of new retail space supply in 2017: Report Rising disposable income coupled with growing interest from institutional investors is giving a boost to developers to take up retail malls space building which is expected to touch around 11 million sqft in 2017 across top eight cities, a recent Indian online fashion retailer Fynd again raises funding Fynd, an Indian online fashion retailer has raised an undisclosed amount of funding from three well known investors. Fynd was founded by Farooq Adam, Harsh Shah, and Sreeraman MG in 2013 and stocks the Kalyan Jewellers to invest Rs 500 cr to open 15 stores in 2017 The company said it is also looking to augment its reach with investment in digital foray and relaunch of its purchase advance scheme, compliant with .. Paytm goes live across all major retail brand outlets in India App is now available in 10 regional languages including Hindi to make digital payments accessible Everstone Capital to acquire majority stake in Kailash Logistics for Rs 200 crore The broad contours of the latest transaction envisages Everstone, through its logistics and warehousing unit IndoSpace, picking up a controlling interest in Kailash Logistics. Rs 2K phone: Pichai's bet for India's digital age At IIT-Kharagpur, Google CEO Sundar Pichai hosted answered questions from students at an open-air theatre in the campus. India rejects T-Mobile patent for mobile terminals invention India's patent office has rejected an application by German telecom major T-Mobile International AG seeking a patent for an invention related to a method for optimising the operational times and cell exchange performances of mobile terminals. Idea to take on Reliance Jio, users will soon be getting free internet and calls Idea plans to soon launch new packs with unlimited internet and calling which will have a validity of up to 1 or even 1.5 years. Why mobile wallets will die Paytm was one of 11 recipients of RBI's in-principle payments bank licence, reports Tech in Asia Reliance Jio may cause more 4G tariff cuts, as customer satisfaction very high: Survey According to a survey, the level of satisfaction for 4G service in India has risen to 97 percent in three months. A study was conducted by Bank of America Merrill Lynch back in September 2016 and was followed up by the end of the year. Flash sales, pricing, superior products: How Xiaomi captured India Xiaomi's journey in India so far has been kind of a fairy tale iPhone ranked India's most reputed mobile phone | tech$news ... According to a report “India’s Most Reputed Mobile Phone Brands 2017” by media analytics company BlueBytes, in association with business intelligence company TRA... Did you hear about Airtel's free data offer? No, it's not free Airtel has announced a special offer today, offering free data (worth Rs 9,000) for 12 months to new and existing 4G customers Vodafone: Nokia bags managed services deal worth Rs 1,420 crore Overall services, which comprise managed services, after sales maintenance, filed operations, which includes manual maintenance work, and system integ.. iPhone 7 is India's most trusted phone, Samsung too scores high: Report Micromax and Intex are the only two Indian brands in the top 10 India wants Google to play 'meaningful' role, help in cyber security: Ravi Shankar Prasad In Delhi to announce the Digital Unlocked certificate course, Pichai announced the launch of new tools, that would help SMBs get online by creating a website in less than 10 minutes. Delhi Government ups ante on tobacco control Delhi Government ups ante on tobacco control - "Necessary action is being taken in the matter as per provisions of Law," MM Kutty, Delhi Chief Secretary stated in his letter to the Secretary, Union Health Ministry. Ad says not safe for kids, Coke in damage control Coca Cola spokesperson Ishteyaque Amjad, however, said “the product is safe for children.” Hoteliers welcome service charge option Celebrating the Govt’s clarification about service charges? Here’s what you need to know first. Wai Wai noodles to invest Rs 250 crore to open restaurants in India CG Corp Global, which plans to open 1,500 noodle bars across the world under the brand 'Wai Wai City', has partnered with Franchise India to roll out stores in India. 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