Apr 17, 2017 - Value of RBI exposure in US bonds at year's low

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Sree Vijaykumar From the Editor's Desk As this article hints ever so slightly, the future of automation may NOT be joblessness, but the creation of new bullshit jobs like Chief of Strategy (Apologies, nothing personal!). We are very good at creating jobs that involve participating in a lot of meetings and claiming credit when good things happen. Perhaps an automated future will lead to new jobs like 'Chief Human-Machine Interaction Officer', but the laws of competition will eventually catch up, along with the realization that AI-powered algorithms and machines are better than us at most of what constitutes 'Work'. The time has come to stop sidestepping the debate and home in on the real issue: what would our economy look like if we were to radically redefine the meaning of "work"? A universal basic income is the most effective answer to the dilemma of advancing robotization. Not because robots will take over all the purposeful jobs, but because a basic income would give everybody the chance to do work that is meaningful. Advertisers of the day LODHA New Cuffe Parade: Launching LODHA Altia: A 44-storey new tower with lavish 1, 2 & 3 bed residences starting Rs 1.53 Cr Hyatt Hotels: World of Hyatt.  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). Value of RBI exposure in US bonds at year's low Investments totalled $113.7 billion in January; 8.08% less than last year's peak. 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. Thank you, Mr Trump! Your dollar comment has ensured Nifty’s bottom remains capped A study of recent fund flows in the US has caste strong doubts over the US reflation story and this has drawn over $7 billion to US bond funds in Q1. Meet the Indians who bet on the hottest virtual currency What makes the currency attractive is that it can be used to move money across the globe quickly and anonymously, and that it is free of control from any central bank. Nilesh Shah's open letter to Jim Rogers: Don't repent, please return to D-Street One of the worlds best known investment gurus recently admitted that he may have been too hasty in exiting India in 2015. Banks want RBI, finance ministry to tweak CDR norms Banks want to return to corporate debt restructuring (CDR) to address bad loans problem after failure of RBI’s SDR, S4A norms How Union Bank was hacked and got its money back Union Bank of India recently fell prey to hacking—robbing the lender of $171 million—but the hackers made a silly mistake What Suresh Prabhu can learn from Dave Donaldson's paper on Indian Railways Economist Dave Donaldson’s paper on Indian Railways shows ramping up investment in railways and roads is one of the best ways to promote development in the hinterland Snapdeal acquisition to benefit Tiger Global more than Flipkart SoftBank’s eagerness to exit Snapdeal is matched by Tiger Global Management MD Lee Fixel’s need to take some cash out from Flipkart Proposed RBI norms worry mobile wallets Currently, e-wallets and other such prepaid payment instruments can only hold up to Rs 20,000 per user with minimum KYC. Lohia family’s Indorama Ventures eyes stake in Haldia Petrochemicals A stake sale in Haldia Petrochemicals—48% held by The Chatterjee Group—will require an approval from the West Bengal govt which holds 31% in the firm A country's economy gets reflected through its currency: Nirmala Sitharaman Signalling a shift in government policy, commerce and industry minister Nirmala Sitharaman has implicitly backed a stronger rupee and said export competitiveness is not just linked to the currency but better infrastructure and logistics, which are the government’s focus areas. Are Jan Dhan bank accounts actively used? The State Bank of India’s (SBI) decision to levy charges for bank transactions and impose penalty for non-maintenance of minimum balance in all savings accounts has drawn strong criticism from both the banking sector as well as customers.  Finance Ministry expects 6 banks to raise funds via FPO as market improves As per the scheme, PSBs need to raise Rs 1.10 lakh crore from markets, including follow-on public offer, to meet Basel III requirements, which kick in from March 2019. 85% Indian companies optimistic on economic recovery: Survey Corporate India is among the fourth most optimistic globally as 85 per cent of the businesses are hopeful of economic recovery, compared to 48 per cent in China, a survey has said. These ventures succeeded without venture funds Many believe venture funds determine life and death for a startup. Far from it. A number of entrepreneurs have shown that passion, patience and focus are more important than money Visa, MasterCard lobby government to ensure they don’t lose out to homegrown apps like UPI, BHIM Card companies are highlighting avenues such as QR codes and contactless payments as part of a bouquet of options to stay relevant in a cashless economy. Blackstone India plans to cleave office, retail spaces before mid-year REIT listing Private equity giant Blackstone India’s REIT (Real Estate Investment Trust) listing is Hidesign plans to open 15 stores across airports, malls Premium leather goods manufacturer Hidesign is looking to launch 15 stores across airp Amazon, Flipkart battle in India for e-commerce's 'last frontier' With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battl.. Snapdeal founders summoned for usurping marketing concept As per his complaint, Dua, an engineer and entrepreneur, founded portals marketsdelhi.com in 1999 and indianretail.net in 2005 and brought the benefit.. Bengal's traditional tant saris set to go global with e-retailer's aid Apart from saris, Tantuja products ranging from cotton skirts, scarves to stoles will also be available on Amazon. V-Bazaar eyes Rs 500 crore revenue by 2020, to add up to 45 stores The company will invest between Rs 75-90 crore to open 40 to 45 new stores in tier-II and tier-III cities of Bihar, Jharkhand, UP, Gujarat, Rajasthan and Uttarakhand. Casual shoe market for men in India is the fastest growing yet depends on physical stores. Here's why About five years back, formals used to be about 60% of total non-sports men's shoe market. With the changing fashion trends in office wardrobe casuals VMware bets big on telecom industry for growth in India In addition to telecom, VMware has a strong footprint in the BFSI sector helping banks make the digital transformation straddling legacy systems with the with new age systems. Why a diktat on GPS in phones? TRAI directive raises surveillance and cost concerns Merger with BSNL desirable for strong pan-India play, says MTNL CMD The comment comes amid what seems to be a renewed push for BSNL-MTNL merger with a Parliamentary panel report recently noting that the Telecom Department plans to place the merger proposal before the Cabinet by June. Vastral con call centre raided, 15 arrested Early on Friday morning, crime branch raided a con call centre, on the fourth floor of Push Business Campus near Vastral Ring Road Circle. According to crime branch, they arrested fifteen persons including Shaileshkumar Solanki and Vishnu Desai, who jointly ran the centre for the last three months. Data tech, telecom auto-driven India's battery mkt to reach US$ 8.6bn by '22 Emergence of new data transmission technologies such as 4G would require upgradation of technological infrastructure such as establishment of new telecom towers, etc. This is projected to buoy growth in India's battery industry in the coming years, as batteries form an integral part of operational telecom towers and associated infrastructure. Your mobile bills are all set to decrease. Here's how Mobile phone users, especially those who travel within India, would be greeted with a lower bill for April as India's major telcos — Bharti AirtelBSE -3.03 %, Vodafone India, Idea Cellular and Aircel —-have taken giant steps towards abolishing roaming in their attempt to match Reliance Jio Infocomm's offers. Mobile bills to go south Snapchat CEO said India “too poor” to consider expansion According to a report in Variety Magazine, the comment was made by CEO Evan Spiegel during a meeting to discuss the growth of the app’s user base in.. Indian Retail Giant Future Group to Support Blockchain Startups Future Group, a Indian retail giant has announced the launch of its Future C&D Labs to foster and promote new-age technology startups. Read more... Jacqueline Fernandez puts her money in juice making startup Jacqueline Fernandez invests Rs 3.5 crore in Rakyan Beverages that makes juices under Raw Pressery brand, pegging its value at Rs 120 crore. Should the government have a stake in tobacco companies? A petition filed in the Bombay High Court is asking a question about the government’s direct and indirect stake in ITC Ltd, India’s largest cigarette company. ITC Launches Premium Range Spices Under 'ITC Master Chef' Brand The product is compliant with not just Indian standards but also EU standards as well, ITC said. Drums Food eyes Rs 100 cr revenue from yogurt brand in FY18 Drums Food eyes Rs 100 cr revenue from yogurt brand in FY18 Ruchi Soya: How India's largest edible oil maker is trying to revive For the first time since it was founded in 1986, Ruchi Soya crashed into the red in the year ended March 2016, with a loss of Rs 878.7 crore. High sugar tax can reduce diabetes burden: Study Higher taxes of up to 20% on sugar-sweetened beverages and on palm oil can significantly reduce India's diabetes burden. FMCG Newsletter – April 10 to April 14, 2017 This week, “Emami Ltd., a flagship venture of the Kolkata-based Emami Group, has initiated a huge restructuring of its distribution network, and is planning to cut dependence on the wholesale network, putting its products directly on retail shelves." Flipkart's new funding will keep shopping party going Paytm enters meal voucher business This makes Paytm a direct competitor to companies like Sodexo, Ticket Restaurant, Zeta among others. Group seeks Bezoss help on hiked seller fee In its communication to Bezos, they highlighted concerns around the consecutive increase in seller fees within a period of eight months. GST widens scope of e-commerce definition "The scope of the terms 'electronic commerce' is very wide and does not restrict itself to cover electronic marketplace service providers like Amazon,.. 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