Mar 29, 2016 - Bharat Bank announces association with Chillr, to make payments easier for its users

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Sree Vijaykumar From the Editor's Desk Helicopter money is a reference to an idea made popular by the American economist Milton Friedman in 1969. The basic principle is that if a central bank wants to raise inflation and output in an economy that is running substantially below potential, one of the most effective tools would be simply to give everyone direct money transfers. In other words, print more money and give it to the people. In theory, people would see this as a permanent one-off expansion of the amount of money in circulation and would then start to spend more freely, increasing broader economic activity and pushing inflation back up to the central bank's target. Direct transmission could be more effective than QE, which relies on trickle-down effects from financial markets and doesn't expand the overall money supply. Prolonged QE has probably set the foundation for the next asset bubble already. The challenge is that if helicopter money works, governments will be tempted to use this even in good times, leading to chances of hyperinflation - Comment Bharat Bank announces association with Chillr, to make payments easier for its users Chillr is directly linked to the customers bank account wherein the user can transfer money to any person with an account in the same bank in India. Finance Ministry pushes PSU banks to sell stakes in non-core assets The Finmin is mounting pressure on PSBs to divest their holdings in non-core assets as it wants the lenders to raise resources internally to meet their capital requirements. GAAR still remains an irritant for FIIs, doubts persist over FII structure There is confusion over how tax authorities will determine "commercial substance" to consider FII eligibility for claiming treaty benefit. Coal scam: CBI court convicts Jharkhand Ispat, two directors The CBI court found Jharkhand Ispat and its two directors guilty of criminal conspiracy and cheating Infuse Ventures to raise Rs1,000 crore clean tech fund The fund will invest in agriculture, healthcare, technology for small firms; investor exits remain a challenge Milk Mantra in talks with Samara Capital to raise Rs200 crore The new investor will acquire a significant minority stake in Milk Mantra Raghuram Rajan warns against side-effects of aggressive monetary policies RBI governor Raghuram Rajan says aggressive monetary policy actions by one country can lead to measurable and significant cross-border spillovers on other economies Sebi to revise rules to reinstate discretionary power on penalties The Securities and Exchange Board of India will start to determine penalty amount keeping a company’s net worth in context How many billionaires are self made? Data shows that 63% of the world’s billionaires are self made, and their wealth accounts for about 59% of the total wealth of billionaires worldwide Microsoft, Yahoo in talks over private equity deal The talks are preliminary, a source said, and Microsoft is focused on preserving the relationship between the two companies. Microsoft and Yahoo have longstanding search and advertising agreements.​ IDBI Bank claims strike failed, unions say near success Chennai, March 25 (IANS) The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union. Tata Sons to buy out Arun Bhatia from AirAsia India Once the deal is complete, Tata Sons’s holding in AirAsia India will go up from 41.06% to 49% LIC increases stake in IDBI Bank to 14.37% IDBI Bank transferred 7.16% equity stake or 15.87 crore shares to LIC on 23 March High interest rates will make Indian economy sluggish: Arun Jaitley "Where in the world you get 12.5 per cent return of interest? So if deposit rates become 12.5 per cent, then what should lending rates be, 14 to 15 per cent?" GVK sells stake in Bangalore International Airport to Fairfax Rs2,149 crore deal with Prem Watsa’s Fairfax for a 33% stake in Bengaluru airport operator will reduce GVK Power’s debt by Rs2,000 crore Employees may earn interest on inoperative EPF savings account Central board of trustees will on Tuesday review a decision which prevented inoperative employees provident fund accounts from earning interest Is Wipro’s $15 billion goal grounded in reality? Probably not, as Wipro expects its analytics and infra management units to clock CAGR of 13% and 12.5%, much lower than the 20% required to become a $15 billion firm by 2020 Demand for VC insurance rises as startups go through tumult With the startups ecosystem booming in India, venture capitalists are pouring funds in the hopes of high returns. With the startup culture still in the process of evolution, the buck stops with the VC when the startup fails. One reason why equity investors prefer India over China: world-class companies In 2015, India emerged as the worlds fastest growing large economy with its 7.4 per cent GDP growth rate outstripping Chinas 6.9 per cent growth rate. Disney Co in talks with DLF brands for India retail foray The Walt Disney Co is in talks with Indias DLF Brands to open stores in the country, hoping to cash in on the growing demand for branded kids clothing and accessories. Myntra in talks to take over Forever 21's retail chain in India Forever 21 entered India half a decade ago and has changed a partner already before tying up with DLF Brands but hasnt been able to scale up business. Farm Tazza scouting for 40 crore for expansion Bets big on kirana stores to sell produce sourced from farmers Ecommerce in India; Flipkart loss Rs 2000 cr, Amazon India loss Rs 1723.6 cr, Snapdeal loss Rs 1328.01 cr; discounts fall Ecommerce in India: Top cos awash in losses; Flipkart loss Rs 2,000 cr, Amazon India loss Rs 1,723.6 cr, Snapdeal loss Rs 1,328.01 cr; big online retailers like Flipkart, Amazon India, Snapdeal, Myntra, Jabong and Shopclues, among others, are waking up to the harsh realities of business. Offering discounts for the past few years might have got them loyal customers, but the mounting losses are now too big to ignore, not to mention the heat from investors breathing down their necks. That means there is more bad news for the consumers, as discounts are expected to show a fall across the board. Calls from WhatsApp to landlines soon You may soon be able to dial landline or mobile numbers from popular internet apps such as Skype, WhatsApp and Viber, following clearance for inter-connect agreements between internet service providers and telecom operators by an inter-ministerial panel of the government on Monday. Telecom panel seeks clarity from Trai over reserve pricing Spectrum auction to start mid-July; may rake up over Rs 5 lakh - The auction will be the biggest-ever in terms of value and is more than double the gross revenue of the telecom services industry. Telecom Comm clears entry of virtual network operators Telecom Commission approved a new category of unified licence for virtual network operators, with an entry fee of Rs 7.5 crore. India has the slowest Internet speeds in Asia, but things are changing slowly The country's average Internet speed is a fifth of the US's and a ninth of South Korea's, a new report says. How mobile browser is making a comeback and challenging apps Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. Flipkart's engineering, advertisement units to report to CTO Peeyush Ranjan Flipkart has consolidated all its engineering teams under chief technology officer Ranjan, as the online retailer looks for synergies across its growing technology groups. 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online: Survey In what can be seen as a testament to the IT city's growing fondness for e-commerce, a recent survey indicates that 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online. Dell services President Suresh Vaswani may exit Dell post integration with Japan's NTT Data Suresh Vaswani may exit from the combined entity to pursue other opportunities after helping with integration of Dells IT Services business with Japans NTT Data later this year. How mobile browser is making a comeback and challenging apps? Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. Facebook's Oculus starts shipping Rift virtual reality headset The earliest investors in Oculus's fundraising campaign on crowdfunding website Kickstarter in 2012 started receiving their Rift headsets from Monday. How does this technology calculate power consumption, gadget-wise? Your electricity bill runs into, say, Rs 20,000 a month on an average and you are bothered about how to find which gadget is the culprit that is eating into your family budget. Don't worry. There'a solution to your problems. More than 6 in every 10 Bengaluru's youth buy electronic gadgets online, says survey In what can be seen as a testament to the IT city's growing fondness for e-commerce, a recent survey indicates that 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online. Wipro, Jubilant FoodWorks tie up for energy management services Wipro, Jubilant FoodWorks tie up for energy management services - The partnership is said to help reduce energy and operational costs. 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. 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Mar 28, 2016 - Why Maruti Suzuki's shares hit a roadblock

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Sree Vijaykumar From the Editor's Desk This article is titled 'Who is lying about its marketshare, Ola or Uber?' Ola continues to say it has 75% market share. Uber says its at close to 50% market share. Ola also says that 'Ola Micro' itself does 50% of the bookings of Uber. The key to the discrepancies may be in the details. Marketshare should be in revenues, not in number of bookings. Also, are Ola and Uber using the same total marketsize number? Thankfully, we don't have GMV or some other cooked up metric here to further complicate things. It reminds me of Wall Street, where every bank claims it is at the top of the league tables. Of course, every one chooses a different metric. Most number of deals done in companies ranging from $500m to $600m and whose CEO's name starts with an 'A', anyone? - Comment Why Maruti Suzuki’s shares hit a roadblock The 19% decline in the stock price of Maruti Suzuki since January seems to have factored in the near-term challenges GoAir awaits Airbus delivery schedule to decide IPO timing GoAir has placed an order for 72 A320neo planes; carrier expected to take delivery of its first A320neos by May Real estate bill set to ease home-buying process The bill aims to make the sector transparent, give home buyers the advantage and, in turn, lift the market Bullish private equity firms invest in India's logistics story According to real estate consultancy firm JLL India, in 2015 the sector received Rs 1,438 crore in investment through two major deals. Private equity firm KKR to use $10 billion global pool for India assets Private equity firm KKR plans to use its global pool of nearly $10 billion to fund acquisition of stressed assets from Indian lenders. Rise of digital transactions forces ATM firms to put IPO plans on ice Chennai-based FSS and AGS Transact have deferred listing plans amid a slowdown in ATM installations Mobile banking sees dramatic surge in India Banks have launched new payment instruments as they seek to prevent customers from moving money to newly emerging non-bank companies. Industry veterans become top picks of PE funds in India AION Capital Partners joined hands with former GE Capital executives Pramod Bhasin and Anil Chawla to acquire the financial service businesses of GE Capital India Aditya Puri: Digital banking in a digital India Products and services have to be tailor-made for individual customers. The mantra is, 'Listen, understand, change' To push Make in India, SBI to open first China desk The State Bank of India will on Monday for the first time launch a dedicated China desk for potential investors. How external directors can support growth in family-owned SMEs Outside board members can be particularly effective at coaching and guiding owners to address mental barriers to grow Just Dial shares swing wildly as investors reassess e-commerce prospects While markets have been volatile this year, Just Dial’s swings are out of the ordinary and investing in its shares is clearly not a great idea for the faint-hearted Here's what makes India a paradise for startups Accelerators -- which mentor entrepreneurs and help them finesse business plans -- from around the world are entering the early-stage Indian startup scene and making aggressive investments. Apoorva Patni plans to invest Rs100 crore in healthcare sector Apoorva Patni, who has invested in 7 healthcare start-ups since 2015, plans to expand his Currae Healthtech Fund’s portfolios to 20 firms Is Sebi nudging investors in mutual funds to go direct? The websites of the fund houses will provide details of the money managers and chief executive officers earn Govt not to coerce Vodafone, Cairn on retro tax case: Arun Jaitley Companies could pay principal tax amount and get waiver from interest and penalty, or continue litigation, Jaitley said Can gains in the poverty battle be sustained? Government estimates show a steep decline in poverty from 37.2% in 2004-05 to 21.9% in 2011-12. What can be done to continue the process? Microsoft meets with private equity over Yahoo deal Microsoft Corp executives are in early talks with potential Yahoo Inc investors about contributing to financing to buy the troubled Internet company. Food bill to turn costly, potato, chilli prices double Prices of several essential food items have risen over the past few weeks after staying still for almost a year, squeezing the budget of the common man. Future Group CEO Kishore Biyani smells consolidation in ecommerce space Biyani said Twitter spat between ecommerce poster boys Bansal and Bahl could indicate a consolidation wave triggered by Alibabas imminent entry. 'Allowing pre-owned iPhone imports will negate Make in India' Apple has sought permission from the govt to import second hand iPhones for sale in India, where its sales are doubling on-year. Measuring price rise in the age of online shopping Adding a digital price index to the traditional CPI helps track inflation better Funskool keen to enter tier-II cities Plans to take number of standalone stores to 25 by next year V-Mart to expand in eastern states, targets 150 stores in FY17 Multi-brand retail chain V-Mart plans to open stores in eastern states such as Jharkhand and Odisha next fiscal to take the number of its outlets to 150. Delhi-NCR street vendors get smarter with digital wallets Hindustan Times Once restricted to e-commerce and big retail firms, these digital wallets that allow customers to transfer money via an application and pre-load it with money are now the mainstay of many roadside stall owners, dhabas and auto drivers. PayTM, one of ... Hard cash may worry logistics firms: Nielsen The country’s logistics service providers will need to address the key issue of use of cash as working capital as they are likely to handle about $14 billion in currency by 2018 with online shoppers c Spectrum auction to start mid-July; may rake up over Rs 5 lakh Spectrum auction to start mid-July; may rake up over Rs 5 lakh - The auction will be the biggest-ever in terms of value and is more than double the gross revenue of the telecom services industry. 4G to push demand for online content in India: Deloitte 4G to push demand for online content in India: Deloitte - Low-cost smartphones bundled with low tariff is expected to boost internet usage in India, the company said in a report. AP's e-Pragati programme will empower citizens: N Chandrababu Naidu AP's e-Pragati programme will empower citizens: N Chandrababu Naidu - The programme will work towards eliminating the need for citizens to produce various certificates like nativity, caste, and so on. Rules on way to offer better mobile service After real estate companies, forests off the Gurgaon-Faridabad highway near Mangar Bani are facing a threat from telecom companies who are installing a number of mobile towers in the area allegedly without the permission of the forest department. Reliance Jio 4G launch postponed to December due to technical challenges: Report Reliance Jio will take the extra time to patch any "blind spots" to ensure a stable commercial launch later this year. Virtual boardroom meetings: Do they work? Early this month, when Times Internet Ltd announced the acquisition of US based cricket broadcaster Willow TV International Inc, it was made from San Francisco, where the company's chief executive Satyan Gajwani is currently based. Gajwani moved to the US last year and today travels frequent Mumbai-based Angel Network and co-working space Venture Catalysts planning to invest over a crore in artificial intelligence startups over the next one year The network which recently partnered with Silicon Valley-based startup accelerator Plug and Play, eyes big growth potential in this space. With greater rollout of 4G services in the country, consumer demand for online content will increase rapidly in the coming years, says Deloitte . Flipkart's Sachin Bansal vs Snapdeal CEO Kunal Bahl: Right guys stuck in a tough ecommerce battle The exchange of barbs between Bansal and Bahl was emblematic of the significant pressure they are under with investors becoming tightfisted. Horntell Raises $150k From CEO of 91mobiles, Nandan Nilekani Makes His Biggest Investment So Far & More Horntell Raises $150k From 91mobiles CEO Bharanidharan Viswanathan, Nandan Neklani Makes His Biggest Investment So Far in an Automotive Startup, Fish & Meat Retailer Freshtohome Secures Funds From Zynga’s Co Founder Mark Pincus, & Online Wedding Planner Provider Loverly Raises Additional $2M in Series A Will allowing pre-owned iPhone imports negate Make in India? Apple has sought permission from the govt to import second hand iPhones for sale in India, where its sales are doubling on-year. 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