Sep 28, 2015 - IDFC Bank mulls having no ATMs, free service at other machines

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IDFC Bank mulls having no ATMs, free service at other machines "We are looking at not having a network of ATMs," IDFC Bank's head of personal and business banking Naval Bir Kumar told Amul digital ad draws flak for being sexist : Report daCunha Communications, which makes outdoor ads for Gujarat Cooperative Milk Marketing Federations (GCMMFs) Amul brand, is under flak on social media. Tests on transport corridors linking our neighbours Myanmar and Thailand to start from December The exciting life of Bangkok, serenity of Nepal and exotic food of Bangladesh could be a road trip away. Not to forget Myanmar and Bhutan that can also be reached by road in the foreseeable future. Five key announcements by US tech titans during Narendra Modi’s Silicon Valley visit Google will soon help India set up base for free Wi-Fi at 500 railway stations while Microsoft will take low-cost broadband technology to some five lakh villages across the country as part of five key announcements made during the meeting the US top tech titans had with Prime Minister Narendra Modi. Qualcomm Inc to create an India-dedicated strategic fund to invest $150 million (Rs 992 crore) in Indian startups US-headquartered chipmaker Qualcomm Inc said on Sunday it will create an India-dedicated 'strategic' fund to invest $150 million (Rs 992 crore) in Indian startups. How can e-commerce sites be retailers for tax and not for FDI, asks High Court The observation by the court came while hearing a plea alleging that e-commerce sites are violating FDI policy by retailing goods through Internet. India feels like Silicon Valley of mid-90 : Google Discussing why India is important to Google, Sridhar Ramaswamy, Senior VP-Ad Products at Google told CNBC-TV18’s Kritika Saxena that “It (India) is just incredibly rich with possibilities.” .. A $3 billion tech company with no outside investors is planning a big IPO Australian tech company Atlassian, which makes the popular JIRA Service Desk and HipChat enterprise chat app, is planning an American IPO. Talent churn keeps e-commerce biggies Flipkart, Zomato, Ola on their toes; latest big problem staring is attrition, especially in senior ranks Flipkart, Zomato and Ola, which have been aggressively recruiting top talent, are grappling with an exodus of management-level executives. McCormick terminates contract with Kohinoor Foods before lock-in period ends McCormick & Co Inc, the world's largest maker of spices, seasonings and flavours, has terminated its rice supply and business transfer agreement with Kohinoor Foods Ltd. Google, Microsoft and other Silicon Valley cos pledge support to PM Narendra Modi's Digital India Google and software maker Microsoft were among some of the largest technology giants that pledged their support to PM Modis Digital India initiative. Wal-Mart's India sales dip 32 per cent in 2014 The Indian unit of Wal-Mart Stores Inc, the worlds largest retailer, posted its first ever sales decline after parting ways with key client Bharti Retail. With banking foray, MFIs to dilute foreign ownership With banking foray, micro finance institutions to dilute foreign ownership - Forced to comply with RBI rules, they may look at IPO route to restructure shareholding Infosys terminates using bell curve to assess employees' performance Infosys terminates using bell curve to assess employees' performance - The attrition of Infosys rate came down to 13% in July-September quarter compared to 20% a year ago. Panasonic targets $2 billion revenue from smartphone by 2018 Panasonic is targeting almost $2 billion (Rs 13,200 crore) in revenue from smartphones by 2018 as it makes a comeback in the business globally. How can e-commerce sites like Flipkart, Amazon be retailers for tax and not for FDI? : Delhi High Court The Delhi High Court has observed that if the central and state governments were not treating e-commerce sites like Flipkart and Amazon as retailers for foreign direct investment... Mondelez's India push grows; local products go international In the past few years, the firm has invested close to Rs 1,200 crore across manufacturing, distribution and supply chain management in India Qualcomm sets up $150 million fund for Indian mobile tech Qualcomm says committed to provide local innovative start-ups with the support needed to help India’s Internet of everything ecosystem grow Cafe Coffee Day to invest Rs 450 crore to add 400 stores in 3 years CCD will invest up to Rs 450 crore to open 400 outlets in the country while it completes all formalities to come out with its Rs 1,150-crore IPO. An online tea retailer offers hope for Indian tea industry Dugar claims that in the three years since the establishment of Teabox, the start-up has sold more than 30 million tea cups in 90 countries... Government’s holding in IDBI Bank to be reduced to 49% The govt has firmed up plans to bring down its holding in IDBI Bank to 49 per cent, marking a big bang start to its commitment to reform state-run banks. India will play big part in driving technology forward, says Google CEO Sundar Pichai : Report India will play big part in driving technology forward, says Google CEO Sundar Pichai - India will play a big part in driving technology forward in the future, Google CEO Sunder Pichai said on Sunday and praised Prime Minister Narendra Modi for accelerating India's effort to become the next global hot bed of innovation and entrepreneurship. Government keen to avert transport strike on October 1:Nitin Gadkari, concern is about the hightaxes and loss of revenue in waiting hours Government keen to avert transport strike on October 1: Nitin Gadkari - The All India Motor Transport Congress (AIMTC) maintained that it's ready to pay a higher toll, but that should be collected as indirect tax because of harassment by different agencies. Google's voice search is getting way, way better Google released its first neural network-powered voice recognition system in 2011 and it's been slowly improving ever since. Obscure IT companies ride e-commerce wave, prices of shares rise up to 5 times so far this year and up to 25 times since 2013 Shares of relatively little known information technology (IT) companies have seen frenzied activity on the bourses in the last one year. Demand for Indian tea rises in Russia, traders want joint ventures with Indian cos Tea traders in Russia have evinced interest in forming joint ventures with Indian companies to sell packet tea in their country. The omniscient retailer Shoppers Stops Rs 60 crore plan for going omni-channel is coming together from October DoP to seek Cabinet nod for Rs 292 crore to set up payments bank Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds. Hackers found a sly way to look at photos on a locked iPhone It actually seems like every version of Apple's mobile operating system ends up exposing a bug that grants anyone access. And iOS 9 is the latest. ITC aims Rs 18,000-cr revenue from agri business by FY'21 ITC expects the agri business division to have a turnover of Rs 6,500 crore in the ongoing fiscal, up from Rs 5,672.07 crore in the last fiscal. A majority of the business is generated from its 'e-Choupals', a web-enabled supply chain network in villages and rural hypermarts 'Chaupal Sagars'. Mobile payment gateway Chillr expands bank partnerships, eyes more cities Chillr will tie up with four leading banks next month to facilitate easier online payments, and is expected to partner 15 top banks by the end of March. Sportstars to give etiquette lessons to rude airport staff; Dhanraj Pillay, Dhoni and Vishwanath Anand roped in for the task You often wished if somebody could tame those rude security staff at the airport,The Central Industrial Security Force (CISF)has roped in icons such as MS Dhoni, Viswanathan Anand and Dhanraj Pillay, who will teach officials and security personnel to be a sport. Apple's new touchscreen on the iPhone 6S fixes a big annoyance with typing With a feature that Apple calls 3D Touch, you can press down hard on the keyboard to turn it into a trackpad. CCD to invest Rs 450 cr to add 400 stores in three yrs Company to come out with its Rs 1,150-crore initial public offering in October Arvind targets 1000 cr revenue from GAP Opens second GAP store; to set up 33 stores pan-India at ₹10 cr per store Practo acquires smaller rival Qikwell With this acquisition, Practo now aims to service 40 million appointments every year, says chief executive Shashank N.D. Small firms lap up NHAI projects as large ones focus on cutting debt Between January and July, NHAI awarded a total of 30 road projects whose cost is estimated to be `28,000 crore India in talks to lower gas rate supply at Chabahar port: Minister Gadkari Visit will take place amid negotiations between the two countries on gas price for a urea plant to be set up in Iran Govt unlikely to meet 'Make in India' targets on jobs, manufacturing: survey Considering the rate at which the Modi government's ambitious 'Make in India' initiative is progressing, its target of creating 100 million jobs and achieving 25 per cent of GDP from manufacturing sector by 2022 may be difficult to meet, says a TMC against SEZ but will offer similar benefits to Infosys: Sadhan Pande He said that TMC is against SEZ policy, but the government has assured Infosys of "similar" tax benefits instead of the special status for software centre. Full steam ahead for city's 40 dhokla factories The humble khaman, an age-old delicacy prepared from freshly ground gram flour and often mixed with rice and lentil flour, is finding favour over other fatty Gujarati snacks. Maharashtra traders' body given 15 days to suggest new draft for retail policy Maharashtra govt seeks trade body's inputs for retail policy - FRTWA received a letter from S V Patil, Deputy Director of Industries Department, on September 21, asking it to suggest changes in the draft or provide a broad framework for the policy within 15 days. Shriram Automall sees Uber, Ola driving growth of its used car business The firm sees 60% of demand coming from the commercial segment and the remaining from individual buyers India is very important in Facebook's history: Mark Zuckerberg Zuckerberg said he considers India a "temple" of knowledge from where he took inspiration to rebuild Facebook. Fictional internet policy is bad for India and good only for Facebook By Eben Moglen & Mishi Choudhary Manu Joseph is widely considered to be a particularly accomplished novelist. As an Internet policy analyst, however, he has trouble telling fact from fiction. Writing in the New York Times on 16 September, Mr Joseph – newly reborn as an admirer rather than a skeptic of Mark Zuckerberg’s altruism … Govt's intent not to give 'buksheesh' to people: Finance minister Arun Jaitley Confident about MUDRA loan scheme benefitting the weakest section of the society, finance minister Arun Jaitley on Sunday said the government's intent is not to give any "buksheesh" (tip) but to make people economically self-sufficient. Google to provide wi-fi at 500 Indian railway stations: Sundar Pichai Recalling his young days, Pichai noted that 25 million people daily ride the Indian Railways which has 7500 stations. Companies like Snapdeal & Flipkart reinventing what commerce means: Gokul Rajaram, Square We have seen Indian leaders ascend to the top roles in many of the top technology companies, says Rajaram. In a first, Adidas gets staff to 'own and adopt' its retail outlets; aims at increased sales The move is expected to inspire a spirit of ownership among employees and make them feel responsible for brand building and sales. Reserve Bank likely to cut repo rate by 25 bps Under control inflation and optimism levels about recovery not rebounding could be major factors. Accenture to bring startup innovation hub to India; may bring its 3D printing internet of things solutions The global consulting and IT giant has innovation hubs centred on new-generation technologies such as internet of things in Silicon Valley to work with startups. JP Morgan gets approval to spilt units of schemes with Amtek Auto exposure One set of units will contain the investments made in Amtek Auto while the other set of units will contain all other investments and cash holdings Google bringing high-speed Wi-Fi to 100 Indian rail stations by the end of 2016 The railroad in India is called "The Lifeline to the Nation" — it's a stunning operation that brings over 13 million riders a day to more than 7000 stations spread across 67,000 miles (108,000 km)... Chinese mobile maker OnePlus plans to enter affordable segment Chinese startup OnePlus is attempting to enter new grounds in India, among its top three markets. It is planning its maiden foray into the ‘affordable segment. The last of RBI’s rate cuts for now? RBI is expected to follow a neutral monetary stance after the policy rate drops to 7%. The fight against inflation from now on may not be easy Worries for Indian Railways as passenger bookings fall over 4 percent over April to August this year Passenger bookings not only lag behind the previous year, but are also way off the target of 3606.71 million fixed by railways for the five-month period. Quick Heal plans to raise Rs 1200 crore through IPO Quick Heal has hired three investment banks including JPMorgan as underwriters for the issue, which is expected to hit the market in the third quarter. E-commerce companies like Flipkart, Snapdeal to beef up data security to meet RCEP norms Indias ecommerce companies including Flipkart, Snapdeal and Jabong need to gear up for stricter norms on data security, confidentiality. Narendra Modi at Facebook HQ: Want to make India $20 trillion economy Prime minister also talks about impact of social media on governance, ease of doing business and connecting a billion people Paytm to invest $10 mn in logistics data firm LogiNext Move in line with company's overall objective of investing to the tune of $150 mn in over a dozen Indian startup ventures Pantaloon Fashion holds 20-25% upside potential: Hemang Jani In a chat with ET Now, Hemang Jani, Senior VP, Sharekhan, shares his view on Pantaloon Fashions and Retail. ET Now: What are the key ideas that you are giving out to your clients right now? Hemang Commodity market in India awaits Sebi-FMC merger Commodity market in India awaits Sebi-FMC merger - It is likely to create stronger regulatory framework for commodity trading 13 Major Updates From Twitter, Facebook, Pinterest Instagram Twitter updates 1. Twitter Dumps Share Totals In Redesign Of Tweet & Follow Buttons: Twitter’s ubiquitous tweet and follow buttons are getting a new look, and dumping share counts, a feature o Digital India: Will take low-cost broadband technology to 5 lakh villages in India, says Nadella Intending to become a partner in the ambitious Digital India programme, Microsoft CEO Satya Nadella said his company will take lost-cost broadband technology to some five lakh villages across the country. Shoppers Stop Partners with FreeCharge Wallet Businessworld articles  Consumer loyalty programme space shifts from plastic cards to app-based trackers Offline brands and establishments have realised the need to provide relevant offers to high-value customers using the loyalty app as a marketing channel. India doubles consumption of branded rice in four years: Rabobank According to the report, branded rice can seek about 33% premium above loose rice at the retail level, while a modern retailer can earn a margin of 20% ... Code for India: PM Modi, Sundar Pichai, CP Gurnani encourage new ideas The ongoing Code for India Hackathon 2015 has been organised at Google HQ, Mountain View, and a parallel event is taking place in India at Tech Mahindra, Noida. We are at the Tech Mahindra campus in Noida as the team formation process is on. India fastest growing startup nation: Google's Sunder Pichai Top CEOs of American companies, which have played a key role in IT revolution the world is experiencing now, have endorsed ambitious 'Digital India' programme, describing it as a vision that would bring India technologically at par with the rest of the world. Flipkart co-founders Sachin and Binny Bansal enter Forbes billionaires list India's leading e-retailer Flipkart's co-founders Sachin Bansal and Binny Bansal are the latest billionaires in the country, with $1.3 billion (Rs.8,582-crore) net worth each, according to leading business magazine Forbes India' rich list released on Wednesday. Now, fly from Delhi to San Francisco non-stop on Air India; the 16 hr flight will be undertaken thrice a week Currently, the world's longest non-stop flight is operated by Qantas, flying 8,578 miles (or about 13,730km) between Dallas-Forth Worth in the U.S. and Sydney, Australia. Savvy marketers play Twitter's trends game In May , when PM Narendra Modi was in Dantewada in Chhattisgarh, Maoists took 300 villagers hostage in Sukma, 60 km away . Qualcomm to invest $150 million in Indian start-ups: CEO Paul Jacobs Qualcomm to invest $150 million in Indian start-ups: CEO Paul Jacobs - Jacobs, while speaking at the Silicon Valley event, Digital India project: Over 55000 villages to get mobile coverage by 2018 Digital India project: Over 55,000 villages to get mobile coverage by 2018 - Government will provide mobile connectivity to 55,669 uncovered villages across the country by 2018. According to a Comm... Vodafone partners Indian Railways to set up free Wi-Fi zone at Ahmedabad station Vodafone’s free Wi-Fi zone is network agnostic and any mobile phone user can avail of this benefit, regardless of which telecom service provider they are al.. Uber CEO meets PM Modi, discusses future of urban mobility in India Uber CEO Travis Kalanick met Prime Minister Narendra Modi at the Digital India event in San Jose, California on Sunday. India, not China, is the next big frontier for US tech companies With China’s president unwavering on tough internet policies, PM Narendra Modi is sending a different message: Help India become an internet powerhouse. FB Experiments with Rural WiFi Plan for India Free Basics, the new iteration of Facebook's controversial Internet.org programme, will have a number of new services and better security.   Hyperlocal delivery startup Quickli raises undisclosed amount of funding from 500 startups Quickli offers on-demand logistics services and a technology platform that enables efficient routing based on location tracking of the fleet on street. 'Digital India' lags behind in world internet race India appears to be falling behind in the global race for mobile internet and broadband penetration, the latest UN figures show.   SAIL invests Rs 2600 crore in Rourkela plant for HR coils Domestic steel giant SAIL is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products. Over 90% of small businesses in India are adopting smart technologies: Report Tier II Indian cities are the highest adopters of payments technologies. Qualcomm to invest $150million in Indian startups San Diego-based Qualcomm announced Sunday it will invest up to $150 million in Indian startup companies, the same amount it is investing in Chinese startups. Full text of PM Modi's speech at India-US Startup Konnect India fastest growing startup nation: Google CEO Sunder Pichai - Google Chief Executive Sunder Pichai on Sunday described India as the "fastest growing start up nation in the world." India is th... Cement won't be bought from Ultratech, Lafarge, According to Credai NCR The announcement to stop the procurement of cement from these companies was made at the AGM yesterday.. Cheaper houses for economically weak to be ensured by Rajasthan Government The new scheme is part of the 'Rajasthan Housing for All' project under which a need for 10 lakh houses has been estimated in the state by 2022.. Keen on opening branch in India, says Swiss Re CEO India may turn out to be the laboratory of efficiency for the insurance Industry, Michel M Liès, group chief executive officer, Swiss Re said. Gachibowli:India's realty hotspot? The US-based firm, with its India headquarter in Ahmedabad, has acquired a 40-acre land parcel in Puppalguda (Financial District) to develop what is being tou..   Bollywood actors prefer investing in Real Estate In the latest transactions, actors Akshay Kumar and Aamir Khan recently bought apartments in Worli and Pali Hill respectively.. PM Modi launches 'Bharat Fund' at India-US StartUp Konnect The global consulting and IT giant has innovation hubs centred on new-generation technologies such as internet of things in Silicon Valley to work with startups. Modi discusses battery technology's impact on India at Tesla Elon Musk gave a presentation to PM Modi on the revolutionary technologies being developed by Tesla. Indian startups need more love, and less technology: Design guru Bruce Nussbaum If Flipkart wants to take on Amazon, it must think beyond technology about things it can offer customers in the Indian context, says design guru Bruce Nussbaum. After Facebook, PM Narendra Modi visits 'Google Guru' Google hopes to get India online by putting WiFi hotspots in train stations across the country. Microsoft plans to take technology to 5 lakh Indian villages: Satya Nadella Intending to become a partner in the ambitious Digital India programme, Microsoft CEO Satya Nadella today said his company will take low cost broadband technology to some five lakh villages across the country. From Murthy to Nadar to Bansals -- meet the 8 tech billionaires of India From the IT backoffice czars to today’s ecommerce titans, the rise and rise of the techies. Jaypee Infratech defaults in loan repayment, downgraded to default category by rating agency CARE Prior to this, the special purpose vehicle promoted by Jaiprakash Associates was rated Care BB.. Meet the founder of India's first-of-its-kind venture capital fund for women entrepreneurs Saha Fund As a managing partner at venture capital firm Tholons Capital, Ankita Vashistha is also a member of various angel groups and associations. Niti Aayog's Bibek Debroy says Centre will not set targets for Smart Cities "The govt is not going to decide a set of targets (for smart cities mission) like that in Jawaharlal Nehru National Urban Renewal Mission (JNNURM)," Debroy said.   Free Internet? Rural India needs access to affordable internet, not Facebook Facebook Free Basic app and web platform, providing access to over 250 services, is now live in 19 countries including India and will be part of the larger objectives of Internet.org. India is turning into a 'Startup Nation' like never before India is turning into a startup nation with a lot of entrepreneurial activity and Narendra Modi's vision for startups ! #ModiInSiliconValley makes 'Digital India' push By Karl Mehta Today — Saturday, September 26 — could well be a landmark day in the journey of India’s transformation to being a digital country. My office in Silicon Valley is next door to... 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