Mar 6, 2017 - Bank Transaction Charges: It's time to really pull up India's out-of-control banks

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Sree Vijaykumar From the Editor's Desk For most parents, the nature-versus-nurture debate is academic. What matters most is how to help kids become their best selves. Parents spend a lot of time thinking about how to help with math or science, reading or soccer, but perhaps they should also devote attention to thinking about the science of practice. As kids pick their passions, and hone their own practice routines, parents can borrow from K Anders Ericsson's work to help their children learn to set and track goals, be aware of the quality of their coaching, and consider specific improvements to practice instead of just adding more hours on the court, in the pool, or with the flashcards. Less is more if practice is intentionally designed, which is not often the case. 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). Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) 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. Coal India rallies on Central Coalfields' nod to buyback plan At 09:40 am, Coal India was trading 1.3 per cent higher at Rs 326.10. It touched a high of Rs 327.95 and a low of Rs 322.85 in the first 30-minutes of trade. Investments not aimed at profits alone: Indian Oil chairman B. Ashok  The large capital spending by oil PSUs are not only seeking to narrow India’s energy deficit but also meeting govt’s goals of creating jobs and correcting the disparities in regional development Global gold prices steady on safe-haven buying, weaker dollar Spot gold was little changed at $1,234.20 per ounce at 7.45am. The metal had hit $1,222.51, the lowest since 15 February, in the previous session IDG Ventures India Axilor to invest in virtual and augmented reality-based startups Apart from the money, the selected startups can also directly pitch to the IDG Ventures investment committee and get access to startups that are part of the global IDG Ventures portfolio. Banks approach courts to recover Topworth debt Lenders are filing cases before Mumbai debt recovery tribunal to recover their debt. More than 30% of India's youth not in employment, shows OECD report The Indian economy may be growing more than twice as fast as the rest of the world but the story on job creation and employment fronts is just the opposite Should you opt for reverse mortgage plans now? There was a lot of expectation when reverse mortgage, a scheme that allows people aged 60 and above to mortgage their self-occupied home in return for a loan--paid in installments or lump sum--was introduced in 2007. Private equity, venture capital firms eye funds crunch as mop-up drops 9% to $5.07 bn in 2016 Private equity (PE) and venture capital (VC) firms aren’t able to attract investments as easily as they may have liked, reports Anushree Bhattacharyya in New Delhi. Tata in talks with Vanguard, Allianz to sell stake in mutual funds business Tata Sons’s plan is to globalize the mutual funds business by getting a strategic partner, which will hold at least 26% stake in Tata Asset Management Demonetisation: Cement production on course for first decline in 15 years Cement production volume in January fell about 13% year-on-year, the first such decline since January 2001, according to analysts India to draft rules for institutional investors voting on company matters The panel, comprising officials of Sebi, Irda and PFRDA, will formulate a stewardship code, a set of guidelines first adopted by UK’s Financial Reporting Council in 2010 IDFC buys Natixis Global’s stake in its units for Rs244 crore IDFC will acquire the 25% stake currently held by Natixis in IDFC Asset Management and IDFC AMC Trustee through IDFC Financial Holding The political economy of India’s bad bank A bad bank should not get labelled in public discourse as a government ‘bailout’ of crony capitalists India's banking crisis is made worse by the poor performance of its debt recovery tribunals These institutions are hobbled by lack of judicial independence, poor administration. WTO and Ecommerce: Why India must resist binding negotiations with developed nations India must resist any binding negotiations as the few developed nations that dominate the space will tailor it Relief for e-commerce companies, GST Council caps tax collected at source at 1% Industry had demanded that TCS be scrapped as it could lead to a steep rise in transaction costs and also discourage ecommerce, but states had wanted the levy. 'Consumables star performer for Amazon India' FMCG or consumables has emerged as the star performer for e-commerce major Amazon India, if Saurabh Srivastava, Director, Consumables FMCG, Amazon India, is to be believed. The segment covers 19 lakh products across Kamala Mills in Mumbai is transforming into India's hottest dining destination The art work on the walls at the new Fatty Bao in Kamala Mills, Mumbai, is more nuanced, complex and stylised. Chinese gaming giant Youzu Interactive sets up India operations Listed Chinese gaming company Youzu Interactive is entering the Indian market with plans to launch local Indian casual strategy games in 2017 through .. India Has Added Close To 27 Crore New Internet Users Since 2014 ... India accounted for more than half of the 500-million new Internet users globally who have come on board in the last three years, a report by software firm Adobe said today. Jio Prime Plans, Nokia 3310 Coming Soon, Moto G5 Plus India Launch Date, Xiaomi Redmi 4X, and Other News This ...   Here's how Reliance Jio will use data muscle to capture Indian telecom Betting on demand for data, Reliance Jio Infocomm aims to capture half of Indias mobile telephony market at 50 per cent margins. Consumer goods firms on recovery path after demonetisation downturn While inventory is back on track after demonetisation, rural demand continues to be a concern for consumer goods firms—at least for the quarter ending March 2017 With note ban, the traditional wholesale channel collapsed: Metro's Mediratta Traditional food and grocery retail accounts for 97-98% of consumer packaged goods sector’s overall sales, says Arvind Mediratta, CEO of Metro Cash and Carry India Honeywell India looks to tap mid-market segment Honeywell has participated in a few Smart City initiatives and Chadha said that this was an opportunity that would continue to play out over the next few years. Fast-food brands ride the health wave McDonald's, Subway, Wendy's, Domino's positioning as healthy food joints. Are consumers buying into it? Global slowdown to impact exports of processed food in FY17: Report Food quality and safety standards stand as barriers to food exports in key markets such as the US and the European Union. Snapdeal in talks with US online payment system PayPal to sell Freecharge The deal would value the online recharge company at around $500 million, they said, compared with the $400 million that Snapdeal paid for it in 2015. Calling for protection not enough, Flipkart & Ola need to spell out how we can help: DIPP Three months after home-grown startups Flipkart and Ola cried nationalism, the government is still waiting for the domestic unicorns to tell them how it can help. Alibaba's Battle With Amazon Over India Continues With Deal for E-Commerce Player Paytm Chinese e-commerce giant Alibaba, which was widely tipped to be eyeing an entry into India for a long time, apparently has done so quietly by picking up a significant equity stake in homegrown digital payments major Paytm's new online marketplace business Paytm Mall. Infibeam to acquire cloud ERP solutions provider DRC Systems Last month, Infibeam acquired CCAvenue, a digital payment gateway company, for an expected valuation of Rs 2000 crore. Online sellers write to CCI alleging predatory pricing by Flipkart's WS Retail and Amazon's Cloudtail The vendors complained that WS Retail and Cloudtail sell branded products such as phones, electronics and FMCG items at “rock bottom prices”. Flipkart cuts commission to retain sellers against Alibaba-led Paytm Mall Seeks to cut biz costs by 10% for sellers across 24 verticals, by slashing fees and delivery charges PayU to line up $250 million to expand India offerings Naspers Group-backed digital payments firm PayU is likely to invest USD 250 million in the Indian business in the next five years, as the company extends focus on consumer offerings besides core products, according to a senior executive of the company. Marks & Spencer launches on Amazon.in Marks & Spencer (M&S), the iconic British brand, has today launched on India's largest online store, Amazon.in, making it even more convenient for customers across India to shop its quality clothing and beauty ranges.From today, Indian customers can Godrej Interio embarks on e-commerce, digital transformation journey with IBM IBM announced that Godrej Interio, the furniture division of Godrej & Boyce Mfg. Co. Ltd., is collaborating with IBM to capture the attention of the growing number of home furniture and accessorie BlackBerry software becoming hotbed for smartphone growth in India BlackBerry has moved away from in-house hardware development. The Canadian device maker has shifted to a licensing model for third parties to develop device hardware and distribute and market the BlackBerry brand Matching Reliance Jio 'Prime' offers likely to cost competitors dear Airtel has nearly matched Jios Rs 303/month Prime offer with a Rs 345/month variant targeted at prepaid users that dishes out an identical 28 GB of 4G data over a month. For Indian IT Outsourcing Companies, H1-B Visa Is 'Safe' This Year In the latest development, the US announced that in order to clear the backlog of pending visa applications, it would temporarily suspend the ‘premium processing’ of H-1B visas from April 3. India added 268.9 mn new Internet users since 2014 According to Mobile Adobe Digital Insights (ADI) Report, India has a strong position in driving momentum of smartphones and number of new internet users globally and in the Asia Pacific region. Suspension on expedited H-1B visa to affect IT companies, says Nasscom In the past few weeks, there have been proposals to overhaul the popular H-1B visa regime through various legislations which have added to the worries of the Indian IT sector. Facebook plans to fight ‘fake news’ with the launch of ‘disputed’ tag Social media giant Facebook has launched its much hyped "fake news" crackdown initiative in the US, tagging as "disputed" the stories that are deemed false by fact checking organisations, the media reported on Sunday. NBCUniversal has invested $500 million in Snap Inc’s IPO to drive digital growth Comcast Corp's NBCUniversal has invested $500 million in Snapchat owner Snap Inc, according to a memo on Friday, its latest move aimed at driving digital growth as more viewers go online for their favorite content. How Uber displayed ‘ghost cars’ using a secret tool to avoid law enforcement? Ride services company Uber Technologies Inc for years has used a secret tool to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed on Friday. 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