Sep 28, 2016 - PSBs asked to use NEIN database to check antecedents of economic offenders

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Sree Vijaykumar From the Editor's Desk China has tried to force innovation by creating creative clusters, with lavish investments in real estate and infrastructure. However, a combination of factors, including unrealistic expectations and a culture of secrecy due to fierce competition have led to failure in creation of true innovation centers. Urban theorist Richard Florida argues that creative workers look for a combination of factors when they choose a place to live that boil down to three Ts: technology, talent, and tolerance. Well, we have plenty of the 3 Ts in India. Now if only I can travel from Jogeshwari to Andheri in less than 1 hour. Advertisers of the day Transjovan Capital (Board Advisory): : Where will your Company be in the next 5 years? BPGDM 2016: The Best of Global Digital Marketing Conference - 18th Oct @ Hilton Mumbai (Exclusive offer for TradeBriefs subscribers)   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). PSBs asked to use NEIN database to check antecedents of economic offenders Public sector lenders have been asked to use the National Economic Intelligence Network (NEIN) database to check the antecedents of borrowers. Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   SBI opens dollar AT-1 door but peers won’t get a toehold Banks hamstrung by their capital are unlikely to find eager investors for their perpetual AT-1 bonds RBI cautions against ignoring bank finance for bonds Speaking at seminar organised by industry body CII on challenges in developing the bond market in BRICS, Gandhi said we must be “realistic” in our goals when talking about developing the corporate bond market. RBL Bank raises Rs 330 Cr from CDC Group Private lender RBL Bank has raised Rs 330 crore from the UK-based development finance institution CDC Group through Basel III compliant Tier II capital. Citibank likely to shut down some India branches owing to less footfall Citibank plans to shut about 10 per cent of its branches or five out of its 44 branches nationwide, to target focus on large cities and wealthier clients in India India now ranks 39 among most competitive economies Switzerland, Singapore and US continue to occupy top three slots; China 28th A year after Sebi-FMC merger, regulator plans to unveil a slew of reform measures The Securities and Exchange Board of India may allow options contracts for trading on commodity derivatives exchanges to increase the product range for investors QIPs all set to make a Rs 12000-crore comeback as Bank of India, Canara Bank, others, eye big money Half-a-dozen companies have raised about Rs 3,000 crore in September, three times what was generated in the first eight months of the year. Jan-Dhan to offer banking on internet-less phones The discussions are about how to make the process simpler for the poor and more cost-effective for telecom operators Ozone Overseas in talks to raise $45 million from PE funds Delhi-based Ozone Overseas, a part of the Ozone Enterprise Group, had raised around Rs60 crore in 2011 from private equity firm Everstone Capital Retail lending NBFCs emerge as a sweet spot for PE investors There have been 11 transactions worth $750 million involving NBFCs so far this year, according to data compiled by investment tracker Venture Intelligence RBL Bank gets Rs330 crore from UK's CDC Group RBL Bank previously secured a Rs174 crore equity investment from CDC Group in March 2014 and Rs44.5 crore in October 2015 Fairwinds PE exit to value Khadim at Rs1,000 crore Fairwinds Private Equity which invested Rs90 crore for a 35% stake in Khadim India in 2013, is expecting a return of 3-4 times on its three-year-old investment Deepening bond market is a priority area for India, says Finance Minister The government is looking at further strengthening the bond market, according to Finance Minister Arun Jaitley. Max India gets shareholders' nod for composite merger plan Around 65% of votes polled were in favour of paying the non-compete fee, a pre-requisite to Max Financial’s merger with its unit Max Life and HDFC Life Is Indian business immune to parliamentary questioning? India’s elected representatives are rarely seen censuring or even questioning business leaders in India even when grave offences have been committed Sebi nudges mutual fund industry to advertise direct plans In his last address, outgoing Sebi chief U.K. Sinha said just because he was advocating for direct plans did not mean he was “anti-distributor” With half-a-dozen exits, Sequoia Capital spins a new startup tale A mix of buy-outs and successful public listings by portfolio companies have combined to make this an annus mirabilis for the Silicon Valley-based fund. Women on boards in India double: Credit Suisse The number of women on boards in India doubled over the past six years, from 5.5 per cent in 2010 to 11.2 per cent in 2015, closing the gap with global average of 14.7 per cent, said a report.The report by Credit Suisse research institute, the Amazon stitching content deals for possible Diwali launch of Prime Video Sources have confirmed to ET that Amazon is in final lap of negotiations with Yash Raj Films, Mukesh Bhatt-owned Vishesh Films, and Salman Khan Films. Amazon India eyes bigger pie of Fashion segment The company has doubled its selection and has grown over 150% y-o-y by mid of 2016 Tata Starbucks revenue up 39% in 2015-16 at Rs 235 cr Coffee chain Tata Starbucks posted sales of Rs 235 crore in FY 2015-16, registering a growth of 39 per cent on account of its expansion in leading metros. Tata Starbucks, the 50:50 JV between Tata Global Beverage Ltd (TGBL) and Seattle-based Pizza Hut outsources delivery riders For the April-June '16 quarter, Yum reported a decline of 7 per cent year-on-year same store sales, indicating that consumption slowdown continues. Will Walmart provide money power for Flipkart to take on Amazon? A win-win deal may be in making Walmart is looking at buying a small equity stake in Flipkart for which both the companies are likely to hold talks later this week Anil Ambani says RCom and Jio have virtually merged The company chairman said that after the merger with Aircel, the combined entity will be among the top operators in 12 circles in India. TRAI Calls For Another Meeting As Incumbents Allege Violation of Norms By Reliance Jio TRAI to meet incumbent telcos and Reliance Jio on tariff order violation in next one week. Telcos chalk out strategies for India's largest spectrum auction New Delhi, Sep 26 (IANS) To ensure that the biggest-ever telecom spectrum auction from October 1 is conducted without any glitches, the government on Monday kick-started mock auction among the seven qualified bidders, according to top sources in the ministry. As telecom operators spar, watchdog calls meet on Friday IUC being reviewed at telcos request: Trai Centre showcause to Amazon India for selling used and refurbished smartphones An Amazon spokesperson said the company is compliant and will always remain compliant with local laws Spectrum auction: 7 telecom firms qualify for bidding Airtel, Idea and Vodafone run the risk of having to pay penalties if Trai finds that they are deliberately blocking calls from other networks, including Reliance Jio Digital India has opened a new window for growth: Rajiv Srivastava Interview with Managing Director, HP India Ahead of festive season, e-tailers launch apps that go easy on data Snapdeal Unbox Diwali Sale, Amazon Great Indian Sale, and Flipkart Big Billion Day 2016 deals and offers will go head to head this Diwali. Google Station aims to make public Wi-Fi better in India Google currently offers free Wi-Fi access at 53 railway stations across India and plans to scale up the service to 100 by year-end. NIT acquires Bangalore-based Perceptron's business Real Time News, India NIT acquires Bangalore-based Perceptron's businessReal Time News, IndiaLatestOne.com tries the wholesale model to compete against Flipkart & Amazon Palred Online Technology said its wholesale ecommerce platform under the LatestOne.com platform has got off to a successful start. The platform -- which aims to supply ...sp; Flipkart vs Snapdeal Vs Amazon: A Diwali slugfest in the making The slugfest of discounts is offering a wide range of deals to lure new and existing consumers. While Flipkart is hoping to win the battle with affordability factor, Amazon is betting it all on curtain-raiser deals. US-based internet domain registrar GoDaddy offers affordable cloud servers to Indian SMBs The US-based internet domain registrar and web hosting services firm manages a whopping 63-million domain names, making it the world's largest ICANN-accredited registrar. Cognizant outspends Indian government on lobbying Capitol Hill Indian government lobbies on Capitol Hill, Indian companies and vested interests lobby too. Indian government spends more money in lobbying. Facebook announces that it has 4 million active businesses using its Advertising platform Facebook announced today that more than 4 million businesses all over the world actively use Facebook to reach their current as well as potential consumers. Can Google Station be the next big step towards Digital India? This aims at extending public Wi-Fi to places such as malls, schools, restaurants, shops and more. Bank of America Merrill Lynch and Microsoft team-up for blockchain based financial project Microsoft and Bank of America Merrill Lynch have joined forces on a project to use blockchain technology to make trade finance transactions faster, cheaper, safer and more transparent, the companies said on Tuesday. 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