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Tuesday, April 25, 2017

Apr 25, 2017 - RBI governor Urjit Patel says demonetisation effects ‘transitory'

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Sree Vijaykumar
Sree Vijaykumar
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Bad boss, bad boss! Whatcha gonna do when they come for you? Bad boss, bad boss! We can get rid of bad bosses once and for all. At least that's the promise of a radically new type of organization based on blockchain technology. It's called a Decentralized Autonomous Organization (DAO) and it has no CEO, CFO, or VPs. A DAO is a Decentralized Autonomous Organization. Its goal is to codify the rules and decision-making apparatus of an organization, eliminating the need for documents and people in governing, creating a structure with decentralized control. The bottom line is that, in a DAO, instead of being hired as an employee, you are awarded a contract on a project basis. The Fermat project, for example, calls these 'Contribution Contracts'. More here

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RBI governor Urjit Patel says demonetisation effects ‘transitory’

RBI governor Urjit Patel said demonetisation probably had no more than a temporary effect on the Indian economy as lending continued to flow

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SBI's credit appraisal is not top class, But it's improving: B Sriram

Any decision that goes bad in hindsight will look as if the appraisal process was weak: Sriram

Value investments by Indian companies: US on H1B visa issue

Days after FM Arun Jaitley raised the issue of restrictions on H-1B visa with his American counterpart Steven Mnuchin, the US has said that it greatly values investments by Indian companies and wants strong economic ties between the two nations.

Is govt expenditure as a proportion of GDP slated to come down further?

If this is indeed what will happen, then the private sector will have to pick up the baton of economic growth, as support from the government wanes

Sebi pending cases surge after implementation of new norms

Sebi’s decision to exclude certain violations, including insider trading, from its consent mechanism has led to a surge in number of pending cases and fall in income from out-of-court settlements

Why the ease of doing business matters

The ranking is based on reforms that are necessary to achieve sound living standards, moderate inflation and high growth

Modi government plans major policy push to promote e-vehicles

While Indian manufacturers are keen on being part of the initiative, most of the overseas ones favour hybrid technology, said an official involved in the process.

Sequoia Capital invests $3 million in Satya Paul owner Genesis Colors

Sequoia Capital’s $3 million investment in Satya Paul comes ahead of parent firm Genesis Colors’s initial public offering (IPO)

Banks may have to swallow losses to resolve NPA issue: Arun Jaitley

Jaitley said the issue was confined to 20 to 30 big accounts and "it is not a problem spread over hundreds or thousands of accounts".

Arun Jaitley says 7-8% growth 'absolute normal' for India

The problem of bad loans in the banking system is not "insurmountable" for a large economy like India, Jaitley said.

In India, our focus is to get back to profitability: StanChart Group CFO

Want more of our businesses to be growing at or above the market rate, says Andy Halford

IFC to invest in new-generation NBFCs' bonds to finance development

NBFCs such as Capital First and Fullerton India Credit Company have just received commitment from IFC for $50 million and $100 million respectively

RCom shareholders approve merger with Aircel

Shareholders of Aircel had already approved the merger on April 22, 2017, convened under the order of the NCLT.

At least 3 small finance banks yet to start operations

RGVN Microfinance has received the final licence from RBIto set up a small finance bank and likely to start operations soon, Disha Microfinance and Janalakshmi are yet to receive a final licence.

Reliance Trends readies for debut on Amazon, Flipkart to expand reach

Reliance Trends is expected to launch its products on Flipkart and Amazon in the coming months, according to two people familiar with the matter.

India is second fastest growing processed meat and poultry market: Report

Mintel estimated Indonesia’s processed meat and poultry market reached a value of IDR 16 trillion in 2016, while India is estimated to have reached ..

Reliance Retail's pre-tax profit jumps 40% in FY17

The revenues for full year for FY 17 grew by 60.2 percent year-on-year to Rs 33,765 crore from Rs 21,075 crore.

Reliance Jio sister company sells 2.6 mn LYF, JioFI devices in Q4

The company said that LYF and JioFi devices continue to be available through over 500,000 retailers,, and across all major e-commerce..

Retailer Jimmy Choo puts itself up for sale

Luxury shoe and bag retailer Jimmy Choo, with market value of over 700 million pounds (Rs 5,800 crore), has put itself up for sale.The retailer said it had 'decided to conduct a review of the vari

HFL to enter into Joint Venture with an European dairy firm

Brahmani Nara, Executive Director, Heritage Foods also said the company aims to achieve $ 1 billion in the next five years from now.

Reliance posts record profits up 18.8% to Rs 29901 crore

MUMBAI -- Indian conglomerate Reliance Industries has reported a 12.8% year-on-year increase in its standalone net profit for the quarter ended March

Qualcomm's Mantosh Malhotra on Indian handset market, 5G and IoT

Mantosh Malhotra talks about the Indian handset market, and innovations around 5G and Internet on Things (IoT) domain

Airtel offers fastest 4G speeds in India, not Reliance Jio: OpenSignal report

Airtel tops in overall average speed; Jio beats all in 4G data coverage across India

Smartphones to constitute 62% of all mobile phones sales in India by 2018: Gartner

The smartphone market will see a push in demand keeping in mind the 4G rollout, increasing demand for devices and government's push for the digital currency.

Nokia 3310: launch date in India, availability, price and more

If HMD Global chose to make Nokia phones in India, it is likely to cost low

Reliance Jio: Telcos want 4G, 5G spectrum auctions in the second half of next fiscal

Telcos want to delay auctions due to ongoing consolidation and strain in the industry. Analysts feel that there is a lack of appetite for fresh spectrum in the present scenario.

India will welcome iPhone-maker Apple if it comes, says Ravi Shankar Prasad

India would welcome Apple to make its iconic iPhones in the country where a lot of big firms were already making mobile phones, said Union IT Minister..

Patanjali defends amla juice, says it's a medicinal product

In a major setback for Baba Ramdev's Patanjali Ayurved, the defence Canteen Stores Department (CSD) declared the popular Amla juice as 'unfit for consumption' following the test reports.

Johnson Johnson enters Active Kids personal care space

Johnson & Johnson enters Active Kids personal care space

India Packaged RTD Tea Market Outlook Report 2016-2021 With Lipton by HUL, Nestea by Nestle, Lemon

DUBLIN, April 24, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "India Packaged &...

HFL to enter into Joint Venture with an European dairy firm

Brahmani Nara, Executive Director, Heritage Foods also said the company aims to achieve $ 1 billion in the next five years from now.

As part of its cost cutting drive, Snapdeal vacates 'Awfis' in Mumbai

Many e-commerce firms have taken to consolidation of office space recently including Flipkart that surrendered 70% of the space in its upcoming campus in Bengaluru to trim cost.

Flipkart employee will get to be CEO for a day

The acting-CEO-for-a-day will get to attend all the meetings the actual CEO, Kalyan Krishnamurthy, attends and also take decisions.

Snapdeal inches closer to Flipkart sale with Kalaari Capital nod

Snapdeal’s largest stakeholder SoftBank, which has for long been trying to sell its portfolio company, was initially facing stiff resistance from other early investors such as Kalaari and Nexus Venture Partners.

Paytm E-commerce shares added to One 97 Communication's Esop

This will provide employees of One 97 Communication, holding unvested ESOPs in the company, “commensurate“ stock options in Paytm E-commerce as well.

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