Mar 1, 2016 - PSB merger a step closer with government stake cut plan

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Sree Vijaykumar From the Editor's Desk In this detailed blog, Hubspot co-founder Brian Halligan talks about how his company broke away from the startup phase to the scale-up phase using the Mary-MOFU-Monetization playbook, which essentially focused on a single persona (Mary) as opposed to multiple customer personas, Middle Of The Funnel (MOFU) tools to move leads along and thinking along various pricing axes and incentivising sales personnel with retention in mind. An understanding of the core problem (retention), with corresponding measures to fix it helped Hubspot put in place processes that are producing dividends to this day - Comment PSB merger a step closer with government stake cut plan FM has set the ball rolling on consolidation of unwieldy and economically weak state-run banks even as he kept the door open for lowering stake in them below 50%. Budget neutral from foreign investor viewpoint: Aditya Narain Citi’s MD and India strategist says the government’s decision to stick to a fiscal deficit target of 3.5% for fiscal 2017 is a clear positive Govt ready to bring IDBI Bank stake to under 50%: Arun Jaitley As of September, govt directly owned 76.5% in IDBI Bank, and held an additional 13.88% through public sector entities such as LIC Hopscotch raises $13 million in a round led by Facebook co-founder Eduardo Saverin The company, founded in 2012 by Rahul Anand and Lisa Kennedy, is looking to use the funds for its growth, hiring and expansion in technology Government to undertake massive rollout of ATMs in post offices, says FM Arun Jaitley The govt today announced it will undertake a massive rollout of ATMs in post offices over the next three years as it looks to provide better access. Budget 2016 impact: India skimps on bank bailout, but stocks buoyed by hopes for more cash Government ministers and officials have previously said that they were open to bringing in a strategic investor in IDBI Bank as a test case. How these famous entrepreneurs carved their path of success They are successful entrepreneurs today, but there was a time in their lives when they counted every single penny Companies lured to take more on rolls Finance Minister Arun Jaitley has announced a series of measures that will directly and indirectly promote creation of quality jobs. Sumitomo Mitsui Banking Corp to sell stake in Kotak Mahindra Bank Sumitomo Mitsui is looking to sell almost half of its stake in Kotak Mahindra Bank for around $300 million A sensible fiscal strategy underlying Budget 2016 The main challenge for making Budget 2016 work will be on the numbers front Craftsvilla acquires food start-up PlaceofOrigin PlaceofOrigin was founded by two former bankers, Ashish Nichani and Sudarsan Metla, in 2014 Restrained Modi budget boosts odds Rajan will cut India rate With a few important state elections coming up this year and next, India's Prime Minister Narendra Modi-led government unveiled on Monday a budget that is pro-poor and that tries to tweak his image of being close to corporate India and working only for the interests of the wealthy. Tata Communications arm eyes deals with payments, small banks TCPSL, with its footprint in the country's interiors, hopes to cash in on this requirement and make its payments business more profitable. Disinvestment plan needs clarity: experts The government has missed its divestment target 16 times in the last 25 years, even missing its revised target of `30,000 crore in fiscal 2016 Why this is Bharat’s budget and India’s too If the budget pans out the way the govt wants it to, consumption and investment will get a fillip, without deviation from the commitment to work towards a fiscal deficit target Government to announce PSBs' consolidation plan; to infuse Rs 25,000 crore Government will unveil a roadmap for consolidation of public sector banks (PSBs) which are expected to get an infusion of Rs 25,000 crore next fiscal. Reliance Communications, Aircel rejig merger plan; each will hold 50% in new entity RCom and Aircel will each transfer Rs 14,000 crore of debt to their wireless company instead of Rs 10,000 crore each. Vinod Rai becomes first chairman of Banks Board Bureau The Banks Board Bureau will search for and appoint heads of state-run banks, and aid banks in capital-raising and developing business strategies Budget 2016: Retailers like Walmart, Tesco to gain as govt allows 100% FDI in multi-brand processed food retailing This far-reaching reform will benefit farmers, give impetus to domestic food processing industry and create vast employment opportunities, Walmart India said. Amazon Selling Its Own Clothes Actually Makes a Lot of Sense You already buy a lot of things on Amazon. Now the company is betting it can become a legit face of fashion. Souq, Amazon Of The Middle East, Raises $275M From Tiger And More At A $1B Valuation E-commerce giants with ambitions to build regional Amazon rivals in emerging markets continue to rake in huge amounts of funding. Today, comes the latest.. Target Poaches Supply Chain Guru From Amazon Target just poached a 16-year veteran of Amazon.com to head its supply chain and logistics. Indian villages ban single women from owning "distracting" mobile phones Several villages in the western Indian state of Gujarat have banned girls and single women from owning mobile phones, saying the devices distract them from their studies. Budget 2016: Here's the list of what's cheaper what's dearer (From PTI) Cars, locally made mobiles, branded garments, air travel, aerated drinks, cigarettes and smart watches are the among items that will be costlier while footwear, solar lamps and routers a… Budget 2016: Mixed bag for telecom industry: EY On one hand the industry would take a sigh of relief as this would render such transactions outside the purview of VAT however, on the other hand levy of Service tax would result in significant blockage of funds in credits. .. Satellite phone ban warning to visitors to India As per the guidelines issued by Government of India, foreigners on tourist visas are not allowed to carry satellite phones to India. Vodafone says to continue arbitration, but to "study" India resolution proposal Vodafone Group will be “continuing to seek resolution of this matter through international arbitration,” the UK telecom major said in a statement. Budget 2016: Technology initiatives to boost Digital India drive Finance Minister Arun Jaitley’s second Budget 2016-17 offers special incentives to Prime Minister Narendra Modi’s main projects including Make In India. Spectrum trading deal will become costly for telecoms since the Budget 2016 proposed 14 percent tax on spectrum trading deals. Government said the right to use the radio-frequency spectrum and its subsequent transfers will Intex set to enter Spanish market with 3G, 4G smartphones Intex plans to launch its new wearable FitRist in April this year and launch a host of 3G and 4G LTE smartphones in the middle of 2016.   Budget 2016: IT, telecom, mobile phone makers want Make in India boost from Narendra Modi govt IT and telecom hardware makers expect the PM Narendra Modi led NDA government to extend differential duty structure on mobile phones for 10 years while bringing personal computers under the regime to give a boost to domestic manufacturing in the Union Budget 2016 to be announced in Parliament on Monday by FM Arun Jaitley. Make in India is a pet initiative of PM Narendra Modi to encourage domestic and foreign companies to manufacture in India and various industries are hoping to piggyback on this concept for future gain - it was launched in September 2014. India's $4 Freedom 251 Smartphone Is Probably Too Good To Be True There’s mounting evidence it’s actually a scam. IAMAI welcomes proposal for Amendment of Companies Act to register startups in one day, step towards ease of doing business in India IAMAI said that that the proposal for Amendment of Companies Act to register startups in one day is a welcome move, and it is a step towards ease of doing business in India. US based Healthcare firm accused of giving contract to Wipro and trying to replace American jobs You have awarded Wipro Ltd, a large Indian outsourcing firm, with a contract to take over the jobs of these American workers, Software majors hail SEZ scheme extension, digital plans Software majors TCS and Wipro on Monday lauded Finance Minister Arun Jaitley for extending tax benefit to export units under the Special Economic Zone (SEZ) scheme till 2020 and the government's Digital India plans in his budget for 2016-17. Nasscom says that the Budget 2016 is a mixed bag for IT and start-ups On the Start-up India action plan the government unveiled in mid-January, it said caveats could be a dampener and more needed to be done to promote the nascent sector. Samsung to mass produce UFS 2.0 memory chips for high-end smartphones Xiaomi announced the Mi 5 at a media briefing at the Mobile World Congress in Barcelona as well as in Beijing. Post the event we had a chance to play around with the device and here are our first impressions. 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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