Jul 11, 2016 - StanC wants companies to give collateral for diamond loans

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Sree Vijaykumar From the Editor's Desk For those who believe science and technology hold the solution for how our planet will sustain the growing human population, this detailed Economist research piece will come as a relief and eye-opener. While technologies like Smart farming, automation, drones, etc will make farming more productive and will progress quickly, more fundamental technology like gene editing (which could provide bigger benefits to humanity) will face opposition because it interferes with our beliefs on evolution and nature. It is a general technological truth that there are more ideas than applications, and perfectly decent ones fall by the wayside because others have got there first. For India, this is an opportunity to leapfrog into a world with food security for all its citizens. StanC wants companies to give collateral for diamond loans On one hand the world of diamonds is grappling with a slow market, instances of defaults and frauds; on the other, Standard Chartered is tightening risk standards. Startups with revenue traction will get funds: Chairman, Sidbi Out of Rs 10,000-crore fund announced by the Prime Minister in the Startup India Action Plan, Rs 500 crore has been released during FY 2016. Loan growth of private banks may improve, while PSBs are likely to feel NPA pinch The countrys largest non-state lender, ICICI Bank, may continue to post poor earnings after it reported its worst numbers in over a decade in the January-March quarter. BIFR referrals remain high as stress on small firms persists Depressed earnings and some companies misusing the provisions of the law to delay loan recovery for the surge over past 18 months Difficult to find buyers for asset monetization: HCC Hindustan Construction Company in its annual report says there are hardly any buyers of infrastructure assets, especially those which are under development HDFC Bank to focus on digital platform for sustained growth The bank is well positioned to continue to grow faster than the banking sector both in retail and wholesale segments, says HDFC Bank in its annual report Sizable dip in Indian black money parked abroad: Finance Minister Arun Jaitley Jaitley said that the action being initiated by G-20 countries coupled with "technological intervention" will make it difficult to keep black money. HDFC Bank's Aditya Puri named best banking CEO in Asia Called the All-Asia Executive Team rankings 2016, the survey had 1,394 investment professionals from 582 financial institutions participating in it. Sebi steps up L'affaire Mallya probe; to seek overseas help Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines. PSU banks to go on nationwide strike The strike call had been given to oppose the closure of associate banks and their merger with SBI. SBI merger right idea, more such moves needed: Meghnad Desai SBI has five associate banks -- State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad. Startup puts a bank in your grocery store BENGALURU:  Saleem, who runs a grocery store in Peenya, uses his mobile phone to help workers in this industrial area send money home. Thanks to Novopay Solutio... Congress responds to Finance Minister Jaitley's 'empty rhetoric' remark Responding to Finance Minister Arun Jaitley’s Facebook post, BJP spokesperson Randeep Surjewala, tweeted asking the Centre why it was not upholding the findings the CAG. Finance Minister Arun Jaitley questions high interest rates on savings The FM said the Indian economy will need a lot of investment for a reasonably long period to bridge the infrastructure and industrialisation deficit that has existed for decades. China's GDP is managed, India's shows incompetence, says Ruchir Sharma Chinas gross domestic product is more likely expanding 4 percent to 5 percent than the official rate of more than 6.5%. Indias pace is probably 5%-6%. Tata Steel exploring alternative and more sustainable options in Europe: Koushik Chatterjee "Employees are important for us and very important for us and therefore we will always look for a solution which is the best for all." Post Brexit, we are keen to move forward in trade talks with UK: Nirmala Sitharaman, Commerce Minister "If you are going to have an FTA or a PTA or whatever with UK, it has to be with UK aside from what you are going to have with the EU." Xiaomi ropes in two companies to push offline sales The new partners will implement Xiaomis direct-to-retail model, developed specially for the Indian market - where they will supply directly to retail stores. Shoppers, stop: Paying by cash makes you more attached to what you buy Hindustan Times Paying by cash made people feel more attached to what they bought and less connected to what they did not buy, suggests the study result. (Shutterstock). To continue reading, we request you to support us by disabling your Ad Blocker. In order to serve ...sp; LatestOne to invest Rs 15 crore, aims 2 million users by FY17 The company which is owned by Hyderabad-based Palred Technologies, also plans to open over 100 franchise-based kiosks in malls over the next few years, an executive said. Remaining Irish HMV stores to shut within months as retailer takes on Netflix giant HMV is to launch a new online video-streaming platform offering 3,000 films in a move that will see it compete directly with Netflix. Multinational FMCG brands outpace domestic peers in consumer reach 56% of multinational brands have improved their y-o-y ranking, compared with only 47% local or home-grown brands Retail companies seeing attrition rate for sales executives drop to 40-45% this year The development comes at a time when online retail is witnessing a consolidation, cutting costs to reduce losses and some even shutting down. As e-tailing grows, malls reinvent to provide more than shopping experience India’s retail sector has been undergoing structural changes for the last two decades. Shopping malls, lined up with specialty retailers, started dotting the retail markets of the country’s top cities during the mid-1990s. Mobile phone security risks growing; Symantec India chief explains how In today’s mobile-first world, mobile devices are more than mini computers in our pockets. Yet, most consumers unknowingly put personal information which resides on their mobile phones... Telecom Ministry clears Airtel-Aircel 4G spectrum trading deal Mobile network operator Bharti Airtel has received the clearance from the Indian telecom ministry for the Rs 3,500 crore 4G spectrum trading deal with smaller rival Aircel. The Indian telecom company has received the approval, according to unconfirmed media reports, at a time when some of the telecom industry stakeholders are urging the India government to stop Aircel’s deal Indian company finally delivers US$3 phone Ringing Bells had announced it would sell the phone for 251 rupees (US$3) five months ago but quickly ran into trouble. The unknown company, run by former dried fruit businessman Mohit Goel, 29, was overwhelmed by some 75 million orders and its online payment gateway crashed.   How To Play Pokemon Go for Android in India – Download APK Before yesterday, you might not have even heard about this so called Pokèmon, but interestingly, today is it one of the trending topic of the world and people are going crazy about it. Why and should you care about it? ... Rural India spends most on mobiles: NSSO Rural India is spending more on cellphones and cars, indicates a new government survey that underscores aspirational consumption trends in the hinterlands. Overcart scores $3 million in a Series A to provide you with refurbished pre-owned products online The Tech Portal Overcart scores $3 million in a Series A to provide you with refurbished pre-owned products, onlineThe Tech PortalIt provides returns management and liquidation services to major e-commerce companies, manufacturers and retailers. It provides quality ... It has recently expanded into Mumbai and has also added consumer electronics to its product portfolio. Apart ...articles  Third-party logistics emerging as driver of ecommerce growth The inclusion of COD, return shipments demanded that we overnight change our business, and we not only had to focus on being a platform for ecommerce. Digital Payments enabling small merchants to sell in a global marketplace Indian e-commerce has grown exponentially through the past few years. Among various contributors to this high growth sector are SMEs, small merchants and free.. 9 Indian companies to manufacture STBs; iCAS cost less than $0.5: Govt NEW DELHI: A total of nine private companies have been identified by India’s Department of Electronics and Information Technology (DeitY) for manufacturing indigenous set top boxes equipped with Indian Conditional Access System (iCAS). However, the government department could not give a time-frame as to when indigenously-manufactured STBs would be ready to address the growing demands for boxes as digital rollout inches towards the finishing line. Indian women more likely to quit jobs mid-career due to 'double burden': Survey Women in India more likely to quit jobs at mid-career due to the ‘double burden syndrome—a culture where both men and women feel the duties are womans responsibility. How Cisco's Launchpad is looking to give start-ups, developers a leg-up Cisco’s LaunchPad programme aims to bring startups and developers on a common platform to build digital solutions Equalisation levy to make apps purchased on Apple, Google platforms dearer by 8% The levy, a tax on cross-border digital transactions, will next be applied on mobile applications bought from companies such as Apple and Google. This Bengaluru-based startup has built an on-demand marketplace for spiritual gurus The entrepreneurship boom has seen a lot of novel startups in the recent years. Hundreds of entrepreneurs have built amazing businesses from health to food, groceries to education, personal finance to house utilities. AadiShakti (named after the Goddess/Supreme being in the Hindu religion) a new entrant, is now trying to organize the spiritual and healing sector by creating a marketplace model for astrologers, numerologists, tarot card readers, vastu experts, reiki masters, pranic healers, yoga and ayurveda experts. The company is also planning to sell books, astrology gems, vastu, feng shui, yoga and AYUSH products to its target audience. The brain behind AadiShakti is Piyush Deogirikar, an alumnus of IIM Bangalore. He has worked in various capacities in the corporate sector for over 16 years before starting his own venture in 2014. In his previous assignment, he has worked as Acting CEO/COO of Mother Earth Retail (Future Group venture). AadiShakti is being mentored by experts from NIIST technology may aid PSUs in curbing pollution While KMML causes land deterioration in areas around Chavara, effluent discharge from TTP pollutes Veli Lake.Also, the effluents are carcinogenic.These issues can be effectively addressed using the new technology.   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