Aug 23, 2017 - Banks may face a big hit on insolvency provisioning norms

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Sree Vijaykumar From the Editor's Desk Uber's drivers are officially independent business owners rather than traditional employees with set schedules. This allows Uber to minimize labor costs, but means it cannot compel drivers to show up at a specific place and time. And this lack of control can wreak havoc on a service whose goal is to seamlessly transport passengers whenever and wherever they want. Uber helps solve this fundamental problem by using psychological inducements and other techniques unearthed by social science to influence when, where and how long drivers work. It's a quest for a perfectly efficient system: a balance between rider demand and driver supply at the lowest cost to passengers and the company. Employing hundreds of social scientists and data scientists, Uber has experimented with video game techniques, graphics and noncash rewards of little value that can prod drivers into working longer and harder - and sometimes at hours and locations that are less lucrative for them. More here. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps 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). Banks may face a big hit on insolvency provisioning norms Lenders will refrain from taking a haircut higher than the valuation of the company. 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. Record forex reserves become costly cash pile for Reserve Bank of India The need to absorb both dollar- and rupee-liquidity is stretching Reserve Bank of India’s range of tools and complicating policy Swelling forex reserves could soon cost RBI in ways very few foresaw The pressing need to absorb both dollar and rupee liquidity is already stretching the Reserve Bank of Indias range of tools and complicating policy. Share buybacks: Savvy traders are gaming Sebi’s quota for small shareholders Savvy traders have been cashing in annualized returns of around 30% post tax, and that too by taking fairly low risks, thanks largely to Sebi’s misguided policy on share buyback offers Were foreign investors hedging Infosys’s leadership risk already? Changes in shareholding pattern over the past year show foreign institutional investors (FIIs) have taken the clear lead in selling Infosys shares What happened to demonetisation deposits? Demonetisation resulted in a permanent improvement in bank deposits while not really inspiring large withdrawals among people in its aftermath For startups, Reliance Jio effect, GST turn game changers; know where the booster shots hit home Artha India Ventures (AIV) is an early-stage venture capital investor. Its investment portfolio consists of hospitality and travel, fintech, data analytics, e-commerce, mobile apps, Internet of Things, Artificial Intelligence and cloud services. Not time yet to applaud Tiger Global's partial exit from Flipkart Flipkart has launched a global programme to allow its sellers to sell to customers globally in partnership with eBay. Druva raises $80 million from investors led by Riverwood Capital Cloud data protection and management solutions firm Druva said it has raised $80 million (over Rs512 crore), led by Riverwood Capital Rekha Jhunjhunwala buys Fortis Healthcare shares worth Rs60 crore Rakesh Jhunjhunwala’s wife Rekha picked up 45 lakh shares of Fortis Healthcare for an estimated Rs60 crore through an open market transaction PM Modi asks entrepreneurs to help India cut imports, become less-cash economy Prime Minister Narendra Modi asked CEOs to encourage the use of BHIM app for cashless transactions and ensure by 2022 that employees working for them go cashless. Cairn Energy adds another $249 million to compensation claim from India Cairn Energy has added another $249 million to the compensation it is claiming from India after the government set off a tax refund due to it to settle part of a retrospective tax demand Buying online? Highly-reviewed doesn't always mean highly-rated, say researchers Many of us read product reviews online before deciding what to buy -- and rate products after. But a new study has found that ratings could actually be working against us, leading people to buy lower-quality products just because they have a large number of reviews. Shoppers Stop eyes 25% more profits in FY18 The company is expecting sales to grow in the forthcoming festival season Shoppers Stop will sell food, books online by the next fiscal There are at present 19 HyperCity stores in 10 cities, and 50 Crossword outlets in 15 cities. Both the retail formats operate as subsidiaries of Shoppers Stop. Walmart Boosts Online Grocery Delivery to Compete With Amazon Online grocery shopping and delivery is a booming industry in the United States. In a bid to gain traction in the market, Wal-Mart Stores Inc. WMT. Coolpad to expand into offline retail in India, plans new launches at Diwali Coolpad is gearing up to expand its presence in the offline retail sector in India. In fact, there could be an announcement on the lines of an exclusive Coolpad store from the Chinese company before Diwali. The company has already penetrated into the offline segment. With Laban we're eyeing big confectionery pie: Sanjay Sharma With Laban we’re eyeing big confectionery pie: Sanjay Sharma - Interview with chief executive officer, MTR Foods Pvt Ltd Bombay Shaving Gets Rs 14 crore funding Bombay Shaving Company to deploy funds towards brand building initiatives and introducing new products MTR Foods’ Norwegian parent Orkla Group to invest more in India These funds will help the company to further strengthen its presence in the country and expand beyond traditional food categories. Nestle India: LIC buys more stake in FMCG major Nestle India LIC previously had 4,79,54,35 shares in Nestle India, accounting for 4.97% stake Amazon approaches consumer commission, claims to be not responsible for faulty products it sold The Chandigarh State Consumer Dispute Redressal Commission had earlier made a decision that handed Amazon responsibility for materials it sold Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore Seven major drinks companies including Coca-Cola and PepsiCo will limit the sugar content of drinks they sell in Singapore, as part of the city-states campaign to fight diabetes. Johnson Johnson talc cancer case: Should we rethink the use of baby powder? {{pageDescription}} FMCG dealers seek to recover GST cost from companies “There is a minor working capital cash shock for the dealers in the month,” said a source, adding that industry is still grappling with the fine print of this major tax reform. How succession algorithm in India's family-owned businesses are changing With rapid growth in the last decade and a half, Indian business families find their companies have scaled up much before their next generation can mature. Tata Global Beverages to revamp associate plantation ops If TGB is able to sustain the growth momentum, a re-rating may be in store for the stock. Hong Kong clocks 40% increase in trade with India in H1 of 2017 Calling India one of Hong Kong's biggest trading partners, Assistant Executive Director of trade promotion body Hong Kong Trade Development Council (HKTDC) Sophia Chong said there is a big potential for Indian market to further grow in the former British colony, which is now a Special Administrative Region of China. Entire investment in Indian startups scene is less than half of Flipkart's total funding alone Flipkart is India’s most well-funded startup in the Indian tech space. It is currently valued at $11.6 billion. Women sellers have contributed 20% of Flipkart's overall sales in 2016-17 These women sellers on the platform primarily sell lifestyle products including apparels and accessories followed by consumer electronics. Tata CLiQ launches photography store 'Shutterbug Lounge' The Lounge promises to be a one-stop shop for the best-in-class DSLR, lenses, external flashes, camera bags and all other essential accessories. 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