Jun 15, 2017 - Mid-sized Indian firms to create 7 million jobs by 2021: survey

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Sree Vijaykumar From the Editor's Desk While portions of the 'natural resources' industry are getting disrupted by technology (aka the clean energy revolution), technology is also helping it survive! Automated haul trucks and drilling machines are being tested in mines across the world. Sensors at the tip of drill bits are measuring ore grade in real time, and data analytics is being used to discover new deposits of precious metals. In oil and gas, underwater robots fix gas pipelines off the coast and drones inspect offshore oil rigs. Crawling well-drilling machines drill multiple wells quickly and accurately one after another, thus increasing efficiency and lowering costs. These are just some of the many ways technology is transforming the demand and supply of resources. More here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Mid-sized Indian firms to create 7 million jobs by 2021: survey If GDP growth and subsequent job creation continues as at present, the mid-market will create about 7 million new jobs by 2021, says PeopleStrong survey 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. Fund managers stick to value buys as markets chase the sun Fund managers are adopting stock specific approach, buying when there is earnings visibility. In RBI’s spat with the government, reform is the victim RBI isn’t going to swoop in from Mumbai and make things right. Its remit is inflation. The government’s problem is reform Banks hoping for some help surprised by RBI's move India's central bank said on Tuesday it has identified 12 of the largest loan defaulters and will order lenders to start bankruptcy proceedings against them to start unclogging the $150 billion in bad debt plaguing Asia's third-largest economy. The perils of a larger public sector The government’s plan to empower public sector enterprises to take over stressed assets is a dangerous one ‘RBI recommendations on bad loan resolution to be binding on banks’ RBI deputy governor N.S. Vishwanathan on the way forward for banks following RBI’s move to refer 12 bad loan accounts for bankruptcy proceedings UBS set to name new I-bank head from Barclays Mumbai: The local unit of British bank Barclays is seeing a top deck churn. MoneyTap raises $12.3 million from Sequoia Capital India, other investors The fresh capital will be used to enhance technology, especially to incorporate India Stack features such as the unified payments interface and e-sign. Tata Capital said to raise $1 billion across three private equity funds Tata Capital earmarks $115 million to be invested as general partner commitment in the three private equity funds RBI’s bad loan resolution move throws bankers into a tizzy RBI’s decision to subject large NPA accounts to the insolvency and bankruptcy code has banks confused on how to start the bad loan resolution process In a first, India to put dedicated cell to promote Russian investments The cell which will report to the Prime Ministers Office will assist Russian businessmen to plan, execute, form joint ventures and search locations for their investments. Equity market deals may hit record $20 billion this financial year Initial public offers (IPOs), follow-on pubic offers (FPOs) and QIPs will likely help fund-raising efforts hit a new high amid the continuing equity boom. Banks, including SBI, HDFC, urge government to hike telcos’ liquidity The telecom sector is reeling under a massive Rs 4.9 lakh crore debt, while banks put the total debt from the sector at around Rs 8 lakh crore. CCI approves GE-Baker Hughes' oil-gas business merger Fair trade regulator CCI has given its nod to the merger of oil and gas businesses of General Electric (GE) and Baker Hughes Incorporated (BHI). Last year, GE joined forces with BHI to create a USD 32 billion oil business. In a tweet, the Telecom firms under stress, can default on loans, banks tell govt panel Banks including SBI and HDFC Bank voice concerns over ‘stress’ in telecom sector and flagged possibility of loan defaults at a meeting with an inter-ministerial group Element AI raises $102 million to take on Amazon, Alphabet Canadian artificial intelligence startup Element AI will use the $102 million fund to invest in other AI startups GE merges energy businesses General Electric will fold its energy connections business into its GE Power unit, and connections chief Russell Stokes will lead the combined business Central Bank of India under RBI's corrective action lens "You have got 12 cases that have been identified, the names will be shortly announced, and they account for as much as 25 per cent of the bad assets," finance ministry's principal economic adviser Sanjeev Sanyal said. RBI places restrictions on banking activities of Central Bank of India After IDBI Bank, Dena Bank and UCO Bank, the Reserve Bank has invoked prompt corrective action (PCA) on Central Bank of India. Why listing of insurance firms is good for you With an insurance company getting listed, it is expected that it will immediately bring in more transparency Yes Bank partners with TerraPay for faster international remittance TerraPay has partnered with Yes Bank in a Rupee Drawing Arrangement which enables TerraPays network partners to make instant cross-border money transfer to bank accounts in India. Why oil prices will remain weak The higher-than-expected shale oil production in the US partly offset Opec and non-Opec production cuts at the beginning of this year Sequoia Capital ropes in veteran tech investment banker Piyush Gupta Gupta, who will be based out of the companys Singapore office, was till recently heading the TMT (technology, media and telecom) vertical in India and Southeast Asia for Deutsche Bank Adidas India has deployed mobility solution, mPos in its 15+ franchise stores The mobility solution that brings till to the consumer in the store. Enables the entire order management process and bill generation. Bharat Financial to roll out 2 lakh kirana points in 16 states Bharat Financial Inclusion (earlier known as SKS Microfinance) is planning to rollout two lakh kirana points across its network in 16 states in partnership with leading banks. Superliga: F2 Logistics guns for first All-Filipino win vs. Sta. Lucia Prior to the F2-Sta. Lucia match, Generika-Ayala will try to formalize its entry into Pool C when it clashes with struggling Cherrylume in Bacoor, Cavite. Future perfect for Kishore Biyani after restructuring Most group stocks witness steep year-to-date appreciation as rally is backed by fundamentals Heritage Foods enters Punjab Reliance Retails dairy business had pan-India presence, with 60% centred around the states of Delhi, Punjab, Haryana, Rajasthan and Himachal Pradesh. Under pressure from Chinese companies, Panasonic to exit low-end phones segment Panasonic would also bring the distribution responsibility in-house, and pare down the market-share targets to about 5% in two years from initial projections running into two digits. India likely to have 520 million 4G subscribers by 2022: Ericsson But 2G and CDMA subscribers are likely to come down drastically Telcos under stress, can default on loans: Banks tell government panel Four major lenders, including SBI and HDFC Bank, on Wednesday voiced concerns over "stress" in the telecom sector and flagged possibility of defaults by debt-laden operators at a meeting with an inter-ministerial group. Reliance Jio spells big trouble for India's small telcos As per report released by the Telecom Regulatory Authority of India (TRAI), Reliance Jio has added 3.9 million new users to its subscriber base in the month of April. The rival incumbent telecom operators like Bharti Airtel, Vodafone and Idea Cellular did not fare well in terms of wooing users. Mobile operators face 10% Customs duty on 4G equipment import In a blow to the telecommunication and technology firms, the import of 4G telecom equipment by mobile telephone service providers is likely to become more expensive with the imposition of a 10% basic customs duty. Lenovo officially says bye bye Vibe, hello Moto in India The Moto Z2 Play brings back the same modular goodness that came with last year’s Moto Z and Moto Z Play. But is anything really different in version two of the updated device? We find out in our review. Crompton Consumer up 56% in just 6 months, can do even better Analysts expect over 20 per cent earnings growth in the two fiscal years to FY19. Why Won't India Cut Rates? With a view to maintain price stability, while keeping in mind the objective of growth, the Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016 to provide for a statutory and institutionalised framework for a Monetary Policy Committee (MPC). MoneyTap raises $12.3 million from Sequoia Capital India, other investors MoneyTap will used the capital raised to enhance technology, especially to incorporate India Stack features such as the unified payments interface and.. Not a single state has told us we are not doing GST. They are all on board: Hasmukh Adhia Ahead of the July 1 rollout of the Goods and Services Tax , Revenue Secretary Hasmukh Adhia explains nuances of the tax regime and why manufacturers and consumers need not worry about prices rising. Manpasand Beverages posts 22.43 pc jump in net profit in Q4 Manpasand Beverages posts 22.43 pc jump in net profit in Q4 - Manpasand Beverages Ltd reported 22.43 per cent growth in net profit of Rs 31.33 crore for the quarter ended March 2017 as against a net profit of Rs. IOC, BPCL, HPCL sign agreement to set up $40 billion refinery IOC has been looking at West coast for a refinery as catering to customers in West and South was difficult with its refineries mostly in the North. 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