Aug 11, 2016 - India Value Fund Advisors, Baring Asia team up to buy ICICI Home Finance

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Sree Vijaykumar From the Editor's Desk If you have wondered why so many founders of acquired companies leave post acquisition, Jason Lemkin (co-founder of EchoSign, acquired by Adobe) explains with 5 reasons 1. First, it's very difficult for founder-CEOs to work for someone else 2. Economically, most acquirers get things wrong. Too much stick, too little carrot 3. It's hard, but not impossible, to work under someone else's house rules - aka bureaucracy 4. Even if it's perfect, true creators often want to build another one again right away 5. They just plain need a break Full article here Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. India Value Fund Advisors, Baring Asia team up to buy ICICI Home Finance ICICI Bank had put the home finance arm on sale in July last year and was expecting a value of around Rs 4,400 crore. Yes Bank to tank up on $1 billion via rights issue for growth drive The Rana Kapoor-controlled bank has mandated Goldman Sachs and Morgan Stanley as lead bankers to the issue, which is expected to be launched within 30 days. Cabinet liberalises FDI norms for non-banking financial companies The Budget for 2016-17 had stated that FDI will be allowed beyond the 18 specified NBFC activities under the automatic route for other activities which are regulated by financial sector regulators. RBL Bank is a combination of high touch and high tech, says Rajeev Ahuja "We have always looked at MSME as a big opportunity; we have architected our business in such a way that there can be scale and in turn profitability," says Ahuja. You can make upto 66% by participating in Karnataka Bank rights issue Advisors said investors could buy bank's shares from the secondary market, apply for the banks rights issue and then sell its futures in September series. Cabinet approves liberalization of FDI norms for NBFCs Foreign investment in NBFCs can now come under the automatic route provided they are regulated by any of the financial sector regulators Finance ministry for review of employee participation norms in stake sale The finance ministry argues that Rs2 lakh limit is too low; in case of public sector undertaking (PSUs) with small employee base, 5% share is not exhausted Chat your way through banking Ever wanted a quick quote on how much more you'd have to pay, if you foreclose your loan? Or say you wanted to increase the spending limit on your credit card? Now, you can do all this while chatting with bots at the bank’s ends, with banks embracing chat-bots to drive better experience. SEBI allows MFs to buy housing finance bonds Mutual Funds were mandated to ensure that total exposure of debt schemes in a particular sector shall not exceed 25% of the net assets of the scheme, said Sebi. L T Finance Holding's 3 firms to be amalgamated New Delhi, Aug 10 () L&T Finance Holdings today said three of its wholly owned subsidiaries have entered into an amalgamation agreement in which two of the units will merge into the third one - Family Credit. CCI approves Jaiprakash Associates,JCCL merger with Ultratech New Delhi, Aug 10 () Ultratech Cements today said fair trade regulator Competition Commission of India (CCI) has approved the merger of the cement maker with Jaiprakash Associates Ltd (JAL), Jaypee Cement Corporation Ltd (JCCL). Mahindra sees self-driving tractors for farms in future Mahindra sold 240,721 tractors in India and overseas in the year ended in March, with a 43% share of the domestic market Fusion Microfinance raises Rs 162 crore equity from overseas PE firms The company also intends to invest in manpower and technology which would in turn bring down operational cost and help reduce lending rate. Know how RBI has simplified your KYC From updating contact details with banks to eKYC, RBI has eased the processes but more work needs to be done Rajan says was open to RBI extension to take care of unfinished business Raghuram Rajan says process of dialogue with Narendra Modi government did not reach a stage where he could have agreed to stay on as RBI governor Finance minister to launch MSME databank, finance facilitation centres New Delhi, Aug 10 () As part of expenditure reforms, the Finance Ministry has issued new norms for efficient appraisal and approval of public funded schemes as well as to improve the delivery of goods and services to citizens. Why aren’t retail petrol and diesel prices as volatile as crude? One much-cited factor for the variance is the retail price build-up of petrol and diesel HDFC vs ICICI: How their businesses stack up With its upcoming merger with Max Life Insurance, HDFC Group’s life insurance business is set to topple the current private sector leader, ICICI Prudential Life Insurance Tata Chemicals to sell urea business to Yara for Rs2,670 crore Tata Chemicals seeks to position itself as a maker of consumer products rather than fertilizers Billionaire's fund predicts prolonged slump in India home sales Indias property market has been sluggish, driving new project launches down by 9 per cent to 107,120 units in the first half of the year, the lowest in three years. Indian Overseas Bank NPA at 20%: Will govt burn a hole in taxpayers' pockets again? The solution is once the ongoing clean up exercise repairs the books of these banks, the government should work out a road map to privatise these entities Uday Kotak’s property fund predicts prolonged slump in home sales The property market has been sluggish, driving new project launches down by 9% in the first half of the year, the lowest in three years, according to data from Knight Frank SBI merger plan won't affect NPAs: Subbarao Former RBI governor D Subbarao said the merger of associate banks with State Bank of India will not have any impact on non-performing assets (NPA) held by them.He said that the merger would result in combined NPAs. For the next 10 years, I would rather invest in India than in US: Marc Feber "The Chinese growth will slow down. Indian economy can easily grow, maybe not at 7% per annum, but at 4-6% per annum," said Faber. New CEOs appointed for United Bank, Bank of Maharashtra Pawan Kumar Bajaj and Ravindra Prabhakar Marathe were today appointed as Managing Director (MD) and Chief Executive Officer (CEO) of United Bank of India and Bank of Maharashtra respectively. Bajaj is Executive Director in Indian Overseas Bank. He How the online fashion market is planning to combat the joined force of Flipkart, Myntra and Jabong Myntras acquisition of Jabong is estimated to have placed the combined entity right at the top of pile, with an estimated market share of 60-70%. McDonald's goes on a healthy diet, reduces sodium in its mayonnaise and fries “In India, we will continue to work closely with our suppliers and industry experts toward achieving our global vision,” a McDonalds India spokesperson said. Reigniting ITC Cigarettes, despite the stigma associated with them, still power ITC’s profits while its non-tobacco businesses have been a persistent drag on profits. Sanjiv Puri, tipped to take the helm at ITC early in 2017, will have to decide which is the way to go Amazon signs up Excel Entertainment to ensure enough takers for Prime service in India Farhan Akhtar and Ritesh Sidhwanis production house Excel Entertainment will create Amazons first show, Power Play Bata rejigs roadmap, mulls growth from existing stores The company’s key focus is to grow in double-digit and scale up margins going forward, said Rajiv Gopalakrishnan, Managing Director & President-South Asia, Bata India. Kishore Biyani's Future Enterprises plans to raise Rs 1250 crore GST will help India become a big unified market, says Kishore Biyani, CEO of Future Group, adding, the company will benefit the most. Bengal's Tantuja sarees now available on Amazon Starting with a nominal profit of Rs 25 lakh in 2013-14 after a gap of 40 years it went on to make an operational profit of Rs. 2.5 crore in 2014-15. RIL to create omnicommerce through integration of Jio infra, Reliance Retail RIL chairman Mukesh Ambani spoke about his retail business plans in the company's latest annual report Future Group eyes Rs 1000 crore sales during Independence Day sale Big Bazaar consumers will be able to enjoy a 15% cashback on making payments through Paytm as part of a strategic tie-up between the two companies. Logistics, retail and consumer goods will benefit most from GST :Kishore Biyani With the GST Bill being passed by Rajya Sabha on Wednesday India will soon turn into a single market helping businesses avoid costs that are crippling the eventual price point charged to the end customer. Big Bazaar merchandise to be available on Paytm Paytm, a mobile payment and commerce platform, has entered into a strategic tie-up with Future Group. The partnership will enable users to shop for Big Bazaar merchandise on Paytm and get them delivered. Amazon, Alibaba face jobs as Indian tax collectors Currently, e-tailers only pay a federal service tax. With GST, they will practically become government-appointed tax collectors. E-commerce in India: Here's a natural alliance against online fraud Mobile network operators and banks must tackle online fraud together through advanced, mobile-based authentication Sidharth Pansari: Eseller who struck gold with Amazon Meet Sidharth Pansari, whose three year-old Primarc Pecan Retail has already touched Rs100 crore in revenues, growing 100% year-on-year. As Phone Companies Pledge to Stop Robocallers, What's the Holdup? Only 10 percent of the prerecorded, auto-dialed calls are legal and wanted by the recipient, yet 2.4 billion robocalls are made each month. Russia — a wake-up call for India? The young athlete was taken aback by the question from the man on the staff of a prominent sports institution. “Do you have any problem in giving your urine sample for testing?” he said. “If you have, Alwar Police busts gang of mobile phone thieves Alwar Police busts gang of mobile phone thieves LG V20 will be the first Android Nougat phone in September The firm not only did reveal the name of the handset and the Android version it will be running on, but also confirmed that the handset will be launched as soon as next month. Social media like Anandiben's FB resignation, call it Digital India initiative Gujarat chief minister Anandiben Patel sprang a surprise on Friday by offering to resign from her post, saying the Bharatiya Janata Party (BJP) needed a fresh face in the state before elections next year. Here’s how social media reacted. India, Singapore Central Bankers Call for Global Safety Net Central bank chiefs from India and Singapore called for a strong safety net for countries to cope with financial crises. Lenovo Vibe K5 Note launched: Price, specifications and features The 3 GB model of Lenovo K5 Note is priced at Rs 11,999 while the 4 GB version will cost Rs 13,499.. Oracle India joins SBI to foster digital skills initiative Global software and Cloud major Oracle India on Monday announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the.. SFLC.in's Comments on the TRAI Consultation Paper on Cloud Computing by sflc_admin    |    August 1, 2016On June 10, 2016, the Telecom Regulatory Authority of India(TRAI) floated a Consultation Paper on Cloud Computing and invited comments from the industry and other stakeholders on the following broad issues: regulatory framework for cloud computing; security over the cloud; cost-benefit analysis; quality of servic... Panasonic Eluga Arc 2 With 4G VoLTE Support Launched at Rs. 12290 Panasonic Eluga Arc 2 Smartphone: Panasonic a Japanese-based electronics and smartphone Company Has Launched a new flagship 4G smartphone under its Eluga-series in India. Lenovo India appoints Rajesh Thadani as new consumer business head In his new role in Lenovo India, Thadani will lead the growth strategy to further strengthen Lenovo’s growing consumer segment. 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