Dec 2, 2016 - For all the talk, 5 PSU banks yet to join UPI, govt-backed digital platform

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Sree Vijaykumar From the Editor's Desk A lot of fake and misleading news stories were shared across social media during the US election. One that got a lot of traffic had this headline: "FBI Agent Suspected In Hillary Email Leaks Found Dead In Apparent Murder-Suicide." The story is completely false, but it was shared on Facebook over half a million times. Mark Zuckerberg's got to be kidding if he says this is not a huge problem. NPR hunted down the creator of this story and discovered a mini-industry. Full story here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). For all the talk, 5 PSU banks yet to join UPI, govt-backed digital platform Thirty banks had already signed up with UPI. 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.   Avantha set to win Rs 1400cr financing deal from KKR Mumbai: Gautam Thapar-led Avantha Holdings, the parent of Crompton Greaves and Ballarpur Industries, is close to winning a Rs 1,400-crore ($210-million) financing deal from KKR & Co to refinance existing short-term debt and revoke pledged shares, people directly familiar with the matter said. Chinese firms try their best to become lead investors in India's startup ecosystem leaving US behind The governments sudden decision last month to undertake the worlds biggest currency overhaul resulted in about 86% of Indias currency supply being invalidated . Quadria Capital to fully deploy $300 million fund by March-end Firm is in the process of closing four deals in South-East Asia, says co-founder Amit Varma IFC invests Rs450 crore for 29% stake in Apollo Health Apollo Health and Lifestyle (AHLL) a wholly-owned subsidiary of Apollo Hospitals Enterprise, focusing on retail healthcare segment, has raised R450 crore by selling 29% equity stake to World Bank arm International Finance Corporation (IFC) and IFC Asset Management Company. Beijing's own battle against capital flight With China applying the brakes on deal-making, it puts the spotlight on some of the large deals in the making by Chinese companies in India Demonetisation will destroy 12% of black economy: India Ratings India Ratings said, the cash squeeze has reduced sales in the informal sector by 30%-40% during the first fortnight following the de-legalisation. Demonetisation's rude shock: There may not be any black money If one goes by the deposit trends so far and the projections, the black money expected to be purged may be much less. Murthy panel pitches for greater tax benefits for AIFs The Alternative Investment Policy Advisory Committee suggested enhanced disclosures by AIFs while raising capital from retail investors with ticket sizes of less than Rs10 crore Dhananjay Shahi to head legal for Baring PE Asia's India credit arm Dhananjay Shahi, former senior vice president - legal at Religare Enterprises Ltd, is joining the Indian operations of Baring Private Equity Asia, as head of legal. He will be looking after legal as well as compliance at the firm’s newly set-up lending arm, said a person familiar with the development. Gold in your lockers? Government not to tax jewellery from disclosed, exempted income Jewellery and gold in all its form purchased out of disclosed income or legally inherited from ancestors is not chargeable to tax, said Finance Ministry on Thursday. Information being stolen from 26 Indian banks: Report Pretending as secure payment gateways, these phishing sites first gather sensitive data and then a fake failed login message is displayed to the victim. How The Stampede to Deposit Money is Hurting Banks in India ... The opposite of a bank run, it turns out, isn’t a good thing either. In the case of India, it is a total banking mess. India’s big bang demonetization program, aimed at rooting out “dirty” money from the economy, has forced $80 billion worth of old rupee notes into bank vaults. At first, this seemed like a boon for banks, who were suddenly flush with cheap funding. Thanks to reforms, equity investments in realty on the rise: JLL India report Out of total $5.2 billion private equity investments in real estate in the last seven quarters until September end, 43% were through equity structures. Cabinet approves merger of multiple visas into one head The Union cabinet on Wednesday approved merger of existing tourist, business, medical and conference visa categories to make one comprehensive long-term multiple entry visa... India's rapid economic growth to hit a speed bump after cash crunch A steep economic slowdown risks hurting foreign investment into India and voters perceptions of Modi before key state elections next year. American Express Ventures leads Rs 26 crore Series A funding round in IndiaLends This is the second investment made by American Express Ventures in India, which was reported to have led a Rs 35 crore Series C round in personal assistant platform Tapzo in September. TRAI bats for common optical fibre infrastructure On the occasion, Telecom Minister Manoj Sinha said that there is need for enhancing penetration of wireline connection in the country for providing high speed broadband. Brookfield in talks to acquire Bharti Infratel A takeover of Bharti Infratel would be Brookfield's biggest investment in India, according to data compiled by Bloomberg SBI to launch mobile wallet for feature phone this December State Bank of India (SBI) chairperson Arundhati Bhattacharya on Thursday said the bank will come up with a mobile wallet for feature phone by first half of this December. She said the bank has already launched a mobile wallet ‘State Bank Buddy’ for smart phone users. Demonetisation to help m-commerce in India: Report The Centre's move of demonetisation will augur well for the m-commerce industry in the country and most of the retail commerce will shift to mobiles. Reliance Jio's Free Till March Offer To Be Examined, Says Telecom Regulator TRAI: 10 Facts Telecom stocks tumble by 5.93% after RJio extends free services - RJio announced extension of free voice and data offer for existing and new consumers till March 31. Nokia returns, says it will launch Android phone soon India will play a critical role in Nokia's "next phase of journey" as the iconic brand re-enters the fiercely competitive global smartphone market that is currently dominated by Samsung and Apple. Will help mobile-driven businesses in India: Facebook Facebook, which has 1.71 billion users globally, has a strategic partnership with India's top 100 advertisers. AB-Inbev taps craft beer boom by opening first London pub under Goose Island brand The brewing giant behind Budweiser is to roll out its first European chain of pubs based on its popular US craft beer brand Goose Island. When New Products Should Make Customers Feel in Control Research shows emphasizing novelty can backfire. Del Monte India offers credit to distributors stung by demonetisation Britannia Industries has also extended credit to distributors in the hope that they will do the same for their retail partners No double charging of products with MRP, says Consumer Affairs department The MRP rule for bottled water will apply to all packaged products including shops, malls and airports. Flipkart's fashion unit Myntra bets on artificial intelligence to drive growth- Reuters Fashion portal Myntra, part of India's top e-commerce group Flipkart, aims to use smart technology such as artificial intelligence to enhance consumer experience as it looks to drive growth and turn profitable in the next fiscal year. DSG Consumer Partners, American Express Ventures back Online lending marketplace IndiaLends has secured $4 million (around Rs 27.3 crore) in its Series A funding round from existing investor DSG Consumer Partners. American Express Ventures, Chinese investment firm Cyber Carrier VC and Noida-based early stage fund AdvantEdge Partners also participated in the round. The firm will use the funds to expand its credit underwriting and analytics capabilities, offer more products and spread its footprint across India, it said in a statement. ITC to invest Rs 800 crore on food processing, hotel in Odisha The integrated consumer goods manufacturing facility is being built on an area of 700,000 sq ft at Khordha district in Odisha. "FMCG products likely to move slower off the shelves": Prabhakar Mundkur on the effects of demonetisation on marketing A segment-by-segment analysis. Nestle launches anthem for 'Educate The Girl Child' campaign This anthem is based on the iconic School Chale Hum song produced by BharatBala Productions. Baba Ramdev, Sri Sri Ravi Shankar power India's hottest consumer products Ramdev, Sri Sri Ravi Shankar, Gurmeet Ram Rahim Singh and Jaggi Vasudev are among spiritual leaders lending their names to everything from honey and herbal remedies to toothpaste and clothes Amazon's flagship India unit beats Flipkart's in revenue The financial performance numbers are also reflective of the change of pace in investments by both the etailers. Craftsvilla partners with Co-optex Hand woven silk, cotton, organic sarees and home furnishings will now be available on Craftsvilla. Not your run-of-the mill ecommerce app: meet India's first online flea market Yappily recently raised $35 million in funding from marquee investors, including Sequoia Amazon India introduces in-house private fashion label Myx E-commerce giant Amazon India has launched its second in-house private fashion label, ethnic wear brand for women Myx, as it looks to grow its apparel offerings Team Indus: Ratan Tata, Flipkart's Bansals aim for the moon Team Indus is one out of four teams and the only one from India to be participating in the Google Lunar XPrize competition Haier India takes multi-brand route in consumer electronics The Chinese player has adopted a plan to build its footprint rapidly with lower capital investment How Modi's Flipkart-like online marketplace for government will work The new government e-commerce portal could generate savings at least equivalent to half of the MGNREGA budget for 2016-17. Drones, e-scooters to soon give logistics a wider play in India Speaking to Moneycontrol, Malcolm Monteiro, CEO of DHL e-commerce Asia Pacific, said, with infrastructure growth the cost of logistics will come down, which is where we come in to ensure that we even reach the remotest areas where tier II and tier III cities are developing. 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