Feb 24, 2017 - Demonetisation has boosted banks and start-ups, but it's still a failure

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk People believe that they know way more than they actually do. What allows us to persist in this belief is other people. In the case of my toilet, someone else designed it so that I can operate it easily. This is something humans are very good at. We've been relying on one another's expertise ever since we figured out how to hunt together, which was probably a key development in our evolutionary history. So well do we collaborate, that we can hardly tell where our own understanding ends and others' begins. More 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 has boosted banks and start-ups, but it's still a failure The government said its demonetisation drive would curb India's shadow economy 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. Tesla capital raise seen near as Musk burns through cash Tesla burned through cash in the fourth quarter and expects to spend as much as $2.5 billion in the first half of the year before fielding its first mass-market car We have not been approached by anyone: Shikha Sharma CEO, Axis Bank "We have not been approached by anyone, so I don't know where all these stories are coming from. There is absolutely no truth to this," she says. Snapdeal setbacks are pragmatic response to a bumpy start-up boom Snapdeal job cuts deserve just as much attention, because there’s little good in hiring a whole lot of people before firing many of them Five associate banks will merge with SBI from April 1 State Bank of India will merge five of its associate banks with itself from April 2017. In June 2016, the Cabinet approved the merger of State Bank of India (SBI) and five of its... Govt looks to get state-run insurance companies ready for listing Finance ministry will help insurance firms in improving their solvency ratios beyond 1.5—a key requirement to get Irdai’s approval for listing Heritage conservation yet to find favour with firms for CSR spend When central or state governments spend money on heritage conservation, their focus is on tourism, experts say Varun Beverages raises stake in Zambia subsidiary Pepsi bottler Varun Beverages chairman Ravi Jaipuria says stake increase in the Zambian arm is in line with the company’s emerging markets strategy The GST: so far so good, but not good enough The proposal departs from the expert view that an ideal GST should have a few exempted commodities and a single rate for all commodities Private equity firms look to new divestment options to make up for lack of exits PE executives at the first Mint Private Equity Conclave emphasize that successful exits are of paramount concern to limited partners NPAs are a huge, dark cloud over India's financial system and the entire economy On Monday, February 20, the heads of 10 top public sector banks (PSBs), led by Arundhati Bhattacharya, chief of India’s largest lender, State Bank of India (SBI), met finance minister Arun Jaitley. The official reason... IDBI Bank set to get Rs 3000 crore bail out package from government There are projections that in the last quarter of this fiscal there will be a jump in bad loans for IDBI. The amount allocated will help maintain stability, said a senior finance ministry official. ICICI Bank buys 814.4 million shares of Jaiprakash Power Ventures ICICI Bank says it has acquired 814.4 million shares of Jaiprakash Power Ventures under the strategic debt restructuring (SDR) plan by its lenders Infosys seeks shareholders’ nod to amend articles of association Infosys has been under pressure from investors to go for a share buyback or a generous dividend Sebi revamps grievance redressal tool at bourses, depositories The decision to revamp the grievance redressal mechanism at stock exchanges and depositories has been taken in consultation with all the stakeholders. VCs anticipate challenges in a still-maturing India market At a panel discussion at the ‘Mint India Private Equity Conclave 2017’, the heads of India’s largest venture funds spoke of the challenges of guiding portfolio firms through their life cycle SoftBank denies interest in picking up stake in Vodafone-Idea merger Bank called media reports alleging such interest 'baseless' and 'substantiated' DMart listing re-rates the retail sector DMart's upcoming listing has resulted in a sharp rally in the stock prices of its rivals. Once it lists, the market will go back to assessing each company on its performance Devices like Siri, Amazon Echo could be recording conversations WPXI Pittsburgh WPXI PittsburghAmazon Echo, Amazon Dot, Google Home and iPhone's Siri are among the new devices and technologies that offer convenience in our everyday lives. But the advances in technology have raised questions about when those devices are recording, and who ...sp; Narendra Modi-Indra Nooyi meet won't be just about colas Nooyi, the sole Indian-American in President Donald Trumps policy forum, is scheduled to visit India in the first week of March as part of business reviews. 500 liquor shops to be shut in Tamil Nadu from Friday Hindustan Times Hindustan TimesSoon after he assumed office on February 20 after winning the trust vote on February 18, chief minister Edappadi K Palaniswami issued various orders, including for the closing of 500 more Indian made foreign liquor outlets of the total 6,300 in the state.articles » Paper Boat to sail deeper into dairy-based beverages, ethnic snacks this summer The beverages group will tap into thandai in North, spiced buttermilk in South PE fund Emerging India buys majority stake in Mumbai-based travel firm Plans to start consumer-facing travel business under a new brand, Goomo HP to open 250 outlets this year to expand its reach in India The company has also announced its foray into gaming section in India with the launch of OMEN series of products. No-cash deal: Airtel to buy Telenor's India biz; to boost 4G spectrum portfolio Airtel will take on Telenor's spectrum liabilities worth `1,600 cr, payable in instalments till 2026. Fitch retains negative outlook for telecom business The fierce competition to retain and increase market share along with rising capex would put pressure on most operators. Demonetisation impact: Amazon India cuts down on mobile phone Premium Sellers The online shopping giant, had trimmed down the discounts it offered on its mobile phones by 6-10 percent after the cash ban, as mobile phone sales slipped by 60 percent... Freebies from Reliance Jio hasten Indian mobile consolidation India’s largest operator, Bharti Airtel, is to acquire the Indian mobile business of Norwegian carrier Telenor, in an apparent move to counter the impact of disruptive pricing by new entrant Reliance Jio Infocomm. Vodafone offers mobile recharge without disclosing your phone number Vodafone Private Recharge Mode (PRM), a free of cost service for West Bengal subscribers, enables users to recharge their mobile phones, without sharing their mobile numbers with retailers. Mukesh Ambani's Phone Pricing Helps Reliance Regain No. 2 India Ranking Reliance Industries shares surged 11 per cent at the close on Wednesday, valuing the company at Rs 3.92 lakh crore The Seemingly Immovable Object Standing in the Way of India's Satellite Internet Ambitions Existing satellite capacity can be used for Digital India if the DoT can bypass DoS and ISRO to negotiate with private operators – but is this possible? Skype Lite app announced just for India: Here's all you need to know Microsoft CEO Satya Nadella announced Skype Lite application designed for Indian mobile users Pepsico to focus on people, product, planet To deliver ‘transformation products’ Urban Ladder hopes to turn the table on mounting losses with offline format Opens a shop-in-shop in Bengaluru Rasna forays into baked sweet snack category The company eyes a turnover turnover of Rs 250 crore in the next three years from this segment Aggressive on herbal business growth, Baidyanath eyes acquisitions in India, US Baidyanath is eyeing to grow its herbal business aggressively in the US through both organic and inorganic routes. Varun Beverages hikes stake in Zambia subsidiary to 90% Varun Beverages has increased its stake in its Zambia subsidiary, Varun Beverages (Zambia) Ltd, to 90 per cent from 60 per cent. White Page International releases most admired brands and leaders 2016-17 White Page International recently released the research and jury based listing of India's Most Admired Brands and Leaders 2016-17 with PwC as Process Reviewers. Japan govt lowers assessment of consumer spending JAPAN-ECONOMY/REPORT (URGENT):Japan govt lowers assessment of consumer spending Wipro set to take on HUL and P G The consumer goods arm of Wipro Enterprises, which sells soaps, baby care and lighting products, has identified China, the Middle East and Malaysia as some of its key strategic markets. Amid layoffs, Snapdeal founders admit to wrong decisions As online marketplace Snapdeal started laying off employees on Wednesday, the company’s co-founders Kunal Bahl and Rohit Bansal sent out an email to anxious staff, admitting they took several wrong decisions over the past two-three years amid a funding frenzy and that it was time to course-correct. 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