Sep 26, 2017 - Online lending co Rupeek set to get $12 mn in early stage funding

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk The government's recent announcement of public private partnership policy to promote investment in affordable housing by giving incentives to private developers augers well with its mission to provide Housing for all 2022. The plan - segregated into eight models, entails extending central assistance of up to Rs 2.50 lakh per house to be built by private builders even on private lands. 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 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). Online lending co Rupeek set to get $12 mn in early stage funding The company is expected to be valued at $40-45 million after the transaction, they said, adding that existing backer Sequoia Capital India will be participating in the round 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. RBI caps banks' investment limit in deposit-taking NBFCs at 10% RBI notified that banks investing in such firms must have a minimum regulatory capital. Oil markets take a breather after jump the day before US crude for November delivery was down 11 cents at $52.11, having settled up 3.1 per cent after marking a five-month high on Monday. BIS data shows strong appreciation for rupee From the beginning of 2016, the rupee has appreciated more than most other currencies Is India’s macro magic fading? If India’s macro story starts fraying, investors will start to wonder what it is that justifies the market’s high valuations RBI revises investment, trading rules for banks RBI has barred banks from investing in category III alternative investment funds (AIFs), specified norms for their participation in commodity derivatives and tweaked on investing in financial services firms Yes Bank claims credit card book crosses Rs 250 crore, with 2 lakh users The new card, which is also the maiden bank tie-up done by Mastercard for its 'World Elite' programme, involves selecting 2,500 millionaires who will be invited to use the offering. Will banks get 'Amazoned'? With millennials preferring ease of use, will banks in India be able to stand up to the challenge of being as tech-savvy as their retail banking customers? Shell companies: Disqualified directors under banks’ scrutiny Lenders are scanning bank account details of the directors disqualified by the ministry of corporate affairs to analyse their links with shell companies and check whether they diverted funds Motilal Oswal Private Equity’s realty arm raises Rs 1,000 crore Along with NCDs and proprietary investments, Motilal Oswal Real Estate's cumulative assets under management are currently over Rs 2,000 crore. Edelweiss ARC revives Karaikal Port, plans LNG terminal to monetise operations The decision will push back any stake sale deal being run by the PE (private equity) investors looking to exit their five-year old investment in the company. Banks Board Bureau asks PSBs to identify senior bank officers who can be groomed for top post A senior bank executive, who is privy to this information, said the BBB was not satisfied with the current level of expertise among the top executives in PSBs. Former and current NSE executives opt for consent mode to settle co-location case Consent orders are similar to an out-of-court settlement in securities law parlance. India, South Korea discussing ways to upgrade free trade agreement India wants its English and yoga teachers to get opportunities to provide services in S.Korea RBI caps bank investments in private equity funds at 10% This essentially means that banking subsidiaries making investments in private equity above 10% of the capital will need to seek approval from the banking regulator. SBI lowers minimum balance requirement to Rs3,000, cuts penalties SBI said pensioners and minors are exempted from the minimum balance requirement for savings accounts SBI launches chatbot to help customers in banking activities SIA has been set up to handle nearly 10,000 enquiries per second, or 864 million in a day, which is nearly 25 per cent of the queries processed by Google every day. E-commerce sites end festive sales; mobiles, electronics top hits According to CashKaro, the overall e-commerce industry GMV rose by over 1,000% during the sale period McDonald's moves Delhi High Court for London court award McDonalds India Private Ltd said it 'has filed an application… to progress the enforcement of the partial award rendered in its favour by the LCIA'. Acharya Balkrishna makes it to Hurun rich list; Damani biggest gainer Note ban, GST helped the rich to accumulate more wealth: Hurun; Mukesh Ambani retains the richest Indian title for the sixth year running Tata Global Beverages incorporates subsidiary in Russia Tata Global Beverages informed that the company’s overseas subsidiary has formed a step-down subsidiary in Russia. Tax department concludes Cafe Coffee Day group probe The department added: “There are a number of other issues including violations of other statutes on which there is no disclosure, but relevant evidence has been found. Products With Pre-GST Prices to be Confiscated From October 1 As a learning from the VAT experience, legal teeth was sought to be provided in GST law to check profiteering by businesses when GST is being rolled out in the country. Cereals, pulses to cost more now Cereals, pulses to cost more now Cereals, pulses to cost more now Flipkart Beats Amazon In India's Biggest-Ever Online Sale, Says Survey Initial reports suggest that Flipkart sales during the five-day festive sales period has been double that of Amazon. Discounts on Amazon, Flipkart & Snapdeal are illegal, claims traders' body Traders' body CAIT today urged the government to take action action against e-commerce firms like Amazon and Flipkart, alleging they have flouted FDI norms for such players by undertaking retail trading activities. Legacy businesses in India have burnt their fingers tapping the online market; Here's why With another online venture that may soon bite the dust it goes to show that the e-commerce game is not for everyone. How cashback works: Smart ways to save when you are shopping online Websites that compare product prices and offer cashback can help you get attractive deals and discounts Amazon deal to help tap buyers in non-metros: Shoppers Stop Terming it as a "win win for both the formats", he added that its step in the direction of omni channel, where online and offline systems are integrat.. 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