Apr 4, 2017 - RBI: Plug the liquidity tap to avoid inflation deja vu

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Sree Vijaykumar From the Editor's Desk A couple of weeks ago, a young girl named Alice Jacob wrote a letter to fashion retailer Gap asking for the store to consider more variety in the clothes it offers to girls, instead of "just pink and princesses and stuff like that." Well, the president and CEO of Gap, Jeff Kirwan, just responded. And his email is remarkable. More here Advertisers of the day TATA Housing: Tata Housing brings Luxury Homes on the Bengaluru's only private hill Andaz Delhi: Experience Andaz Delhi, a new Luxury Lifestyle Hotel by Hyatt at INR 8,888  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). RBI: Plug the liquidity tap to avoid inflation deja vu When the monetary policy committee begins its two-day deliberations on policy rates tomorrow, it will in all probability not just include but highlight the current deluge of liquidity Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) 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. UK-India to hold talks on bilateral trade, investment Britain's top financial policymakers begin a two-day visit to India on Tuesday, hoping to promote Britain's booming fintech sector abroad as Brexit looms. Kalyan Jewellers gets additional investment of Rs 500 crore from US private equity firm Warburg Pincus US private equity firm Warburg Pincus has invested an additional Rs 500 crore in Kerala-based Kalyan Jewellers, taking the total investment to Rs 1,700 crore in the company. ICICI, Axis Bank sell Rs 1800 crore of loans to Ballarpur to Edelweiss Its also the first time that loans have been sold to an asset reconstruction firm at book value without a haircut, said the people cited above. Why business is greener than Trump Business leaders have strong reservations about a potential withdrawal from the Paris agreement. $36-billion deals seek to tap infrastructure demand in Malaysia-India Malaysian Prime Minister Najib Razak is in India on the invitation of Indian Prime Minister Narendra Modi to take forward the bilateral trade. ATMs still running dry, withdrawals drop as smaller notes in short supply ATM withdrawals drop have fallen since, even though cash supply has improved, the availability of lower-denomination notes of Rs500 and Rs100 is insufficient Move to compile composite job numbers hits rural data hurdle Besides NSSO data, the Labour Bureau has been conducting quick quarterly employment surveys since the economic crisis of 2008. Reserve Bank of India set to get more power to deal with stressed assets In order to tackle the NPA mess, the Modi government is planning legislation and may issue ordinance as moving amendment through House may take time. Why the ‘right to Internet’ is a bad idea The usefulness of the Internet cannot be overstated but it is not incumbent on the government to provide access to every citizen India's economic influence in Asia Pacific to increase in next five years: survey Around 95% of respondents said Indian economic influence in the region would grow in the coming five years, compared to 77 per cent who saw China's influence as continuing to expand. Multiples PE buys controlling stake in HR firm PeopleStrong PeopleStrong CEO Pankaj Bansal says fresh funds will be used for product development in HR technology and acquisitions of mid-sized firms in payroll and HR technology space Sebi widens probe into GDR misuse for routing black money Sebi is investigating the role of over 50 individuals and companies involved in fraudulent activities in issuance and redemption of Global Depository Receipts (GDRs) SBI sees no negative surprises on NPAs, post-merger Bhattacharya said consolidation of all the five associate banks will be completed in the first quarter of the current fiscal itself & then the process of rationalisation will begin. Borrowers will feel the benefits of SBI merger with its associates: Arundhati Bhattacharya SBI, which is the largest mortgage lender, is offering an interest rate of 8.6% for women borrowers and 8.65% to other borrowers, on loans up to Rs 75 lakh. Union Bank CMD Arun Tiwari tells employees to intensify bad loan recovery In a communication addressing employees on the first day of the new fiscal, UBI chairman Tiwari said that the focus would remain on asset quality 2800 employees of SBI's associate banks opt for VRS Rather than consolidation, India needs more competition in the banking sector Ratan Tata's venture capital fund makes maiden Rs 400-cr investment in Ola Ola has built itself a war chest of around Rs 325 cr to take on global rival Uber Tube Investments India to demerge manufacturing, finance arms by June: MD Murugappa Group's one of the major businesses, Tube Investments of India (TII), last year decided to demerge its manufacturing business undertaking, including manufacturing of tubes and components, bicycles and fitness products and chains for auto Is Reliance Jio struggling with revenue generation? Regardless of whether Reliance Jio is struggling to generate revenue or if this is part of a deliberate strategy to squeeze competitors, the fact remains that incumbents are in for more trouble Temasek invests Rs 200 crore additional capital in Fullerton India The capital infusion will primarily support future business growth of Fullerton Indias housing finance arm - Grihashakti. Amazon targets UK businesses with launch of new online marketplace Amazon's quest for market domination is becoming harder to ignore.  The sprawling Seattle-headquartered group on Tuesday said that it is launching a service in the UK aimed at doing for businesses what it already does for individual customers, by offering a marketplace where companies can buy everything from industrial machinery to paper clips and janitorial equipment - even in bulk. Future Group planning 'loyalty-driven' convenience stores No one can match the prices we will offer. We have built the entire ecosystem such as logistics, partnership with FMCG companies and customer database, said Kishore Biyani, CEO, Future Group. Home Big Grid Kalyan Jewellers to double retail presence to 200 stores, get Rs 500 cr from Warburg Pincus Jewellery chain Kalyan Jewellers on Monday announced an investment of Rs 500 crore in the company by an affiliate of private equity firm Warburg Pincus.In a statement issued here, Kalyan Jewellers Amazon adding stores and augmented realty, subtracting cashiers from retail future SEATTLE — Iin Palm Springs, California, on a recent Sunday, Jeffrey P. Bezos, the chief executive of Amazon, climbed into the cockpit of a 13-foot robot and began flailing his arms as though warming up for a workout, causing the robot’s enormous appendages to mimic his movements.“Why do I feel so much like Sigourney Weaver?” Bezos said, referring to the actress who wore a mechanical suit in a climactic battle in the 1986 movie “Aliens.”The intimate DMart founder Radhakishan Damani: The unlikely retail billionaire After his company's public listing, Radhakishan Damani has overtaken Kishore Biyani as the king of Indian retail Truecaller service for feature phone available only in India on Airtel This is the first-of-its-kind service that we are providing with Airtel in India. We want to work towards ensuring that more, said Truecaller CSO Nami Zarringhalam. Firms must invest in reskilling staff in new technologies: Ericsson India's HR head As telecom mergers result in loss of jobs, the new jobs that will be created will be more specialized and advanced than existing ones, says Ericsson’s Sameer Khanna Reliance Jio 4G Download Speed Fastest in India Once Again, Idea Second: TRAI Data Reliance Jio is reported to have recorded the highest download speed in comparison to other service providers such as Bharti Airtel, Vodafone India and Idea Cellular, according to the data released by TRAI. Soon, Telecom Coordination Committee to check levels of EMF radiation from cellphone towers The committee would be constituted take action within one week of receipt of complaint. Ex-Motorola India MD Amit Boni joins Smartron In this role, he will be responsible for overall brand building and heading the sales and marketing functions for Smartron. Jousting with Jio: Examining the Actions of India's Telecom Regulator Telecom Regulator Authority of India's MySpeed portal, Jio offers an average data speed of 15.04 Mbps. Malaysia's Axiata group turns to India for tower deals Axiata Group Berhad is eyeing to pick up stake in mobile tower infrastructure firms in order to boost its market presence in India Ban on highway liquor shops may disrupt sales in next two months The SCs order banning sales of alcohol within 500 metres of national and state highways would make one-third of over 65,000 licensed branded liquor outlets in the country to be relocated or shut Fishing out smart data for the FMCG sector School of Fish Tech provides an analytical solution to link manufacturers, retailers Aseem Kaushik to lead L'Oreal India's consumer product division Kaushik replaces Satyaki Ghosh Industry leaders to address FPI Top industry experts from India and the rest of the world are signed up to speak at Fresh Produce India on 27-28 April Home healthcare gaining ground, but what about regulations? Private home healthcare appears to be gaining ground in India, but this critical segment is surprisingly outside the purview of a proper regulatory fr.. Pics: Aditya Birla Group's Linen Club launches exclusive brand store in Mumbai AI and personalisation to remain Myntra’s core tech focus, says CTO Narayanan Flipkart-owned fashion e-tailer Myntra is in the nascent stages of overhauling its technology platform and integrating it deeper with artificial intelligence (AI) and machine learning (ML) across business functions, a top company executive said. “AI is good for things that are repetitive in nature. ML gets smarter when you provide more instances. In time, both… MobiSwipe will deploy more than 50,000 mPoS devices targeting retail and e-commerce sector With the Digital India and demonetisation move from the government and RBI, the demand for mPoS devices have increased and MobiSwipe recognises that. Investor base transacting through mobile grows 47% in FY17 Apart from shopping online, and spending hours on social media platforms, Smartphones are being used to purchase stocks as well. Data provided by the National Stock Exchange (NSE) showed that the investor base transacting through mobile phones has seen a 47% rise to 880,000 at the end of March compared to 600,000 a year ago. Now get your favorite apps on Google Play with MobiKwik With MobiKwik, users can add balance to their Google Play accounts directly from their MobiKwik wallet in three simple steps. 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