May 19, 2016 - Equity market brokers continue to feel the revenue pinch

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Sree Vijaykumar From the Editor's Desk More data is often not the answer. You are already measuring what can be measured. How do you separate the signal from the noise (and there's a lot of noise)? The answer to that question might get you the real insights. More importantly, as Seth Godin says here, data does not get you different. Data gives you the lazy way to get what's next. Real long-term change means rising above the data. Equity market brokers continue to feel the revenue pinch Local credit ratings firm ICRA estimates that broking revenue has declined 7-8 per cent in the year ended March 31, 2016 Sebi asks RattanIndia to revise open offer price The company has been further informed that the Honble SAT vide its order dated May 11, 2016, has granted the acquirers relief. Government to ask UCO Bank and two other public sector banks to merge with bigger peers The merger decision is exploratory at this stage and there is no certainty about the completion of the acquisitions, SBI said in a filing to the stock exchanges. LIC wants Axis Bank to sell its insurance policies LIC, often accused of being a passive investor, is beginning to exploit its ownership to expand its own business which is becoming intensely competitive. As lure of foreign investment banks decline, banking executives move to India Jaspal Bindra gave up his job as Standard Chartereds Asia head to join Mumbai-based financial services firm Centrum as its executive chairman. US fund Proterra Investment in talks to sell Dodla Dairy stake Proterra eyes valuation of Rs250-300 crore; firm’s promoters may dilute their stake if better valuation is on offer Sovereign gold bonds expected to trade at a premium on listing Given that gold bonds are a retail product, frequent trading in these bonds is unlikely, say experts LIC hikes stake in Tata Motors to over 7% LIC increased its shareholding in Tata Motors from 4.91% to 7.01% via purchase of shares between January 2013 and May 2016 NSE’s listing plans remain uncertain- Livemint The exchange is still seeking self-listing and will accept listing on rival BSE only under independent regulation Kotak Mahindra Prime to raise Rs400 crore via NCDs Kotak Mahindra Prime says it intends to issue secured, non-convertible debentures of the face value of Rs10,00,000 each What are start-ups afraid of? The answers say a lot about tech Y Combinator applications provide a unique view into the rapidly changing technology scene from the perspective of up-and-comers Why SBI's mega merger with associate banks might be very bad idea "Merger is not going to solve anything at all. They had merged two of their associates banks in 2008 and 2010. They clearly did not see too much of a benefit from it." Ujjivan to invest Rs 300 crore in IT for proposed small finance bank Ujjivan has appointed Wipro as the Systems Integrators to implement different Banking Technology Systems for its proposed banking operations. Oil rises to seven-month high as supply losses tame surplus Oil prices have advanced more than 80% from a 12-year low earlier this year on signs the global glut will ease as US production declines Improving public sector banks’ efficiency priority for government: report Implementation of the Goods and Services Tax (GST), the most widely anticipated pending reform, is unlikely to be smooth You can avail tax benefit on home loan for second property With respect to interest on the loan, the quantum of deduction would depend upon whether the second residential property against which the home loan would be availed would be considered as a self occupied property (SOP) or let out property (LOP) or deemed to be let out (DLOP) PurpleHealth raises $100,000 from Katabole Technology Venture Firm will use the funding to further build on the PurpleHealth.com product road map and strengthen the team Hewlett Packard Enterprise makes a $100 million bet on startups The company might invest $5 million to $10 million in an expansion-stage round—and potentially invest more in later rounds LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents Fiscal 2014-15 to show positive results, on that basis LIC has shown 24.74 per cent growth in first year premium and 1.86 per cent growth in policies. SBI consolidation is Centre's policy, need global-sized institutions: FM Jaitley According to SBI Chairman Arundhati Bhattacharya, with the merger, the balance-sheet size of the bank will soar to Rs 37 lakh crore, from Rs 28 lakh crore currently. PNB tops list of worst losses in Indian banking history Punjab National Bank (PNB) reported a loss of Rs5,367 crore, the largest-ever loss reported by an Indian lender based on available data Paytm says it has enough funds for five years We have enough money in the bank to last 21 quarters if we keep spending at the same rate as last year, says Vijay Shekhar Sharma, CEO of One97 that owns Paytm Srei Infrastructure Finance plans to sell non-core ventures Srei is looking to sell its stake in at least two ventures, Bharat Road Network, and Sahaj e-Village SBI puts its 5% stake in NSE up for sale Stake sale, seen as part of a strategy to exit non-core businesses, could fetch the bank around Rs900 crore How the presumptive tax scheme helps you Professionals now have to spend less effort to estimate the year’s income and also to file the tax return on this Central ministries differ on rules allowing FDI in retail food products Policymakers have been gradually becoming wary of including sectoral conditions in the FDI policy that they say only burden it. Apple, Reliance to enter long-term relationship; VoLTE iPhones on Reliance Jio Network on anvil Reliance executives made a strong pitch about how Apple can play a role in Jios growth and bundling of iPhones with its data service. The future of Indian retail The retail real estate industry in India is gradually maturing and going towards the next wave of evolution. With the rapidly changing aspirations of Indian c.. Mumbai-based Bar Stock Exchange expands outlets to other cities, will foray into London and Singapore too The self-funded company will open 5,000 sq. ft. outlets in Pune, New Delhi and Bengaluru. Setting up each outlet will cost about Rs 2.5 crore, an amount that will almost double abroad. MebelKart bets on 'localization' formula for online furniture retail MebelKart's premise is simple- as a platform it wants to connect buyers to furniture makers and suppliers in their locality and vicinity. Reliance Jio becomes fifth largest smartphone company Smartphone shipments grew 5% during the three months through March HFHS partners with KWalls Hospitality to bring culinary wellness stores in India Under the partnership deal, KWalls will set up stores branded ‘Culinary Wellness in the country, starting with the northern region. Letters: Trai must change its focus It was nearly impossible to implement TRAI order. It is not possible to establish why a call has dropped and what is the duration of a call. This would have led to endless litigations Mobile internet awareness and digital skills are intrinsically linked Many Indians still face a number of barriers to owning and using mobile phones, including cost, network quality and coverage. Telecom Day: Indian telcos look at consolidation while ringing louder The 2016 World Telecommunication and Information Society Day (WTISD-2016) will focus on the theme: "ICT entrepreneurship for social impact", as endorsed by the International Telecommunication Union Council. While the world focuses on ICT (Information and Communication Technology) enterprises and startups, India telecom industry is heading towards consolidation with four-five huge operators emerging from the shake-out. Vodafone India operating profit up 4.1% in FY... Telecom network operator Vodafone India says its service revenue increased 5 percent to £4,497 million or $6,510 million in fiscal 2016. The Capital expenditure (Capex) of Vodafone India decreased to Rs 8,010 crore from Rs 8,598 crore. The growth of Vodafone service revenue was 2.3 percent in Q3 and 5.3 percent in Q4. Growth in mobile customer base Ericsson in talks with Indian telcos to digitise operations Digital operators provide their customers benefits such as having a single bill for services like mobile, fixed line and DTH. Besides, they are able t.. Tim Cook's Indian Curry bowl economics & what Apple hopes to achieve in India India just ticked off another CEO off its bucket list. This time it's Apple CEO Tim Cook. Currently touring China, Cook will land in India on Tuesday night. Four years on from its IPO, Facebook has beaten its mobile demons but still has mountains to climb Schadenfreude was in plentiful supply as Facebook’s value plummeted immediately after its IPO. Audiences may have been flocking to... How This Ex-Paypal CFO's Payments Startup Is Helping SMEs Leverage Social Media To Grow Faster Inc42 Magazine (press release) (blog) How This Ex-Paypal CFO's Payments Startup Is Helping SMEs Leverage Social Media To Grow FasterInc42 Magazine (press release) (blog)Last year, it raised $680 Mn from Chinese ecommerce giant Alibaba Group Holding. Similarly, Mumbai-based payment solutions company Citrus Pay raised about $25 Mn from a group of new and existing investors. Other players in this segment include Y  Logistics firm Rivigo to treble truck fleet to 3000 unit, banks on driver relay system One of the largest company in the logistics industry, driver relay system proven to be good,Chennai to Delhi deliveries in two days unlike eight conventional days. Online interior design platform GharCentre in talks to raise $1 mn; funds will be used for product development and team building Delhi-based Avant Solutions Pvt. Ltd, which operates online home decor and interior design platform GharCentre, is in talks to raise close to $1 million (around 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