Nov 6, 2015 - 11 payments banks to open up 1,500 jobs with up to Rs 1.50 crore salaries

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11 payments banks to open up 1,500 jobs with up to Rs 1.50 crore salaries The entities are looking for talent internationally as well; salary could be Rs 1-1.5 crore for CXOs and up to Rs 1 crore for those a level below. Advt: Dubai Property Show to be held in Mumbai Dubai Property Show to be held in Mumbai, from 6 - 8 November 2015. New banks to drive growth in distribution segment The entry of a substantial number of new, differentiated banks is an overarching growth driver for the financial distribution segment, says a CII-PwC report. The best CEOs in the world, according to ‘Harvard Business Review’ Lars Rebien Sørensen, the CEO of Danish pharmaceutical company Novo Nordisk, tops the list Blackstone believes in India blockbuster, to invest over $2 billion in India ... This is a further affirmation of the optimism of most foreign investors about the prospects of Asias third-largest economy. The state of Indian banks The weakness in the banking sector is one of the most significant risks facing the Indian economy RBI imposes Rs 1 crore penalty on Dhanlaxmi Bank The penalty was levied for violation of RBI guidelines on Know Your Customer and Anti Money Laundering standards. India to deal with volatility in global financial markets: Arun Jaitley India will continue to be in a state of full preparedness to deal with any eventuality due to volatility in global financial markets, the finance ministry said on Thursday after a meeting of the Financial Stability and Development Council (FSDC). Solar energy to become main pillar in India’s renewables target Solar will account for around 18% of India’s power by 2030, compared with only 1% at present Juventus' Stephan Lichsteiner keeps banking job at bay Qualified banker Stephan Lichsteiner said he feared his playing career was over prior to undergoing heart surgery that sidelined him from the Juventus team for over a month. Foreign Banks’ subsidiary trip runs into a Maharashtra duty hurdle RBI has been persuading international banks such as Deutsche Bank and Citibank for more than a decade to convert their operations into a subsidiary to reduce risk. Ex-GE Capital India execs want to buy GE’s loan book for $400 million Pramod Bhasin and Anil Chawla have teamed up to jointly pitch for the purchase of GE Capitals consumer and commercial loan portfolio for an estimated $400 million. Virtusa to buy 53% in Polaris for Rs1,173 crore As part of the deal, Virtusa will make an offer to Polaris’s public shareholders for up to 26% more of its shares Why Deutsche Bank’s little jewel in India was spared the axe Deutsche Bank’s unit has the lowest bad-loan ratio of the five largest foreign banks operating in India, the latest filings to the central bank show Strengthening IP policies will fuel India's growth, development The Trans-Pacific Partnership Agreement (TPPA) that was agreed to on 5 October 2015 covers almost a third of world trade and 40% of global GDP. By not… RBI allows cooperative banks to roll out Internet banking services To provide transaction services through Internet banking, RBI has set stiff conditions which cooperative banks will have to fulfil Sebi to tighten MF redemption rules Move comes after JPMorgan Chase and Co. in September restricted payouts from its Indian funds holding Amtek Auto’s bonds Grocery retailer SatvaCart raises seed funding of Rs 12 crore The funding in SatvaCart comes at a time when hyper-local delivery companies are facing severe cost pressures, forcing some startups like Dazo to shut operations. Aeropostale to send its Drones for advertising ahead of launch in India Aero, Abercrombie & Fitch and American Eagle, also known as the “3As” in the United States, are popular in their home market for jeans, hoodies and Tshirts, mostly for teenagers. Microsoft to fund smart city players in India; ties with e-commerce firms Describing the pace of growth of ecommerce and start-up ecosystem as "pretty mind boggling," Satya Nadella said he is not worried about the valuation part of this segment as Microsoft is not looking at acquisitions, but is looking at the quality of ideas these entrepreneurs have.   Indian consumers want retailers to embrace new-age technology The aim is to deliver an experience that connects physical stores with the digital world. Cooking oil to get costlier this Diwali on high demand Since August, soybean and sunflower oils ­ two of the most popular cooking mediums ­ have become costlier by as much as Rs 6-7 a litre, companies said. No Going Back on Call Drop Penalty: Telecom Minister The 'call drop' has been defined as a voice call, which after being successfully established, is interrupted prior to its normal completion. Satya Nadella uses personal phone to iterate Microsoft's productivity tools Microsoft's Indian-born chief executive Satya Nadella has showcased company apps on his personal Microsoft Lumia 950 XL to emphasise productivity enhancement via his company tools and services. Reliance Jio pushes for 700MHz 4G band auction For the top executives leading a 17,500-strong, full-time team, including chairman Mukesh Ambani, gone are the wood-panelled, plush rooms. Not even closed glass-door cubicles. India Mobile Market Grows 25% In Q3, 2015; Samsung, Micromax And Intex Leads The growth witnessed in the India mobile market was attributed to the feature phones segment and not smartphones after a spell of multiple quarters Sterlite appoints Leo Burnett India as brand consultant Sterlite Technologies recently completed the 100% acquisition of Elitecore Technologies, a global telecom software product company. It plans to redefine its brand purpose Red carpet to foreign companies upsets India Inc The most recent such charge is against Foxconn, where a leading industrialist believes that the Maharashtra government has gone the extra mile to seek.. Korean handset maker Samsung claims edge over Apple in India The Korean mobile phone major has said that it has attained a 50% share in the Indian premium phone market, at a time when Apple battles a slow start .. Google trying to bring back low-cost Android phones to India: Report After Android One devices failed to take off in India introduced about a year ago, Google is now trying to bring back low-cost devices here in yet another attempt. Government defining ecommerce units and their operations in a policy; classifying them by size and scale and set norms for the workforce Are Flipkart and Snapdeal ecommerce portals, platforms or marketplaces? Are they small enterprises or large? The government will soon answer these questions by defining ecommerce units and their operations in a policy. Reliance Communications ropes in Babu Vittal from ecommerce giant Flipkart to become its chief human resources officer for consumer business Reliance Communications has roped in Babu Vittal from ecommerce giant Flipkart to become its chief human resources officer for consumer business. Big global pension funds scouting in India to acquire stakes in promising startups These entities typically put their money in safe investment avenues such as S&P 500 index stocks, debt funds and bonds, or in promising companies. Flipkart, Snapdeal, Amazon online shopping frenzy killing malls: Top 5 striking points Megasales by ecommerce majors like Flipkart, Snapdeal, Amazon in which prices were cut 80% and some top products were available for just Rs 99 are killing festive season, especially Diwali, sales of shopping malls across India. Jabong Super Style Fest registers 200% growth in its first week of Diwali campaign; witnesses a 300% increase in app downloads Jabong Super Style Fest registers 200% growth in its first week of Diwali campaign India’s leading online fashion retailer also witnesses a 300% increase in app downloads . SMBs Don't Need An Annual Event For Marketing: Google India E-Commerce Head In a recent announcement by Google, the yearly online shopping festival 'Google Online Shopping Festival (GOSF)' has been cancelled. US-based Virtusa to buy 53% stake in Chennai-based Polaris Consulting for Rs 1,173 crore US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. 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