Dec 2, 2015 - SBI, Axis & others to be hit by new lending rate norm

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Sree Vijaykumar From the Editor's Desk Ever imagined how the world would be with fewer bankers? When I was interviewing for internships in business school, my potential recruiters on Wall Street would keep saying "it's not rocket science" and I would often wonder why investment bankers got paid so much, if the job wasn't that intellectually demanding. Finally, I asked this question to a Citibank VP and he assured me that it's because of the big-ticket decisions that bankers are involved in, including fates of companies, employees and sometimes governments. Fair enough, but like they themselves said, it's not rocket science. Rocket scientists get paid less. Technologists move the world forward a lot more than bankers do, but don't get paid as much. Imagine if they did, so many intelligent youngsters would choose science over finance. That would be good for humanity and the world - Comment SBI, Axis & others to be hit by new lending rate norm The use of a new method for lending rate calculation is going to squeeze banks net interest margin (NIM), depress interest income and hit their profits, especially those with high concentration of corporate loans. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Prashant Purker promoted as new head of ICICI Venture ICICI Venture has appointed Prashant Purker as the managing director after Vishakha Mulye was brought back into the bank as executive director. Dell said to be in talks with KKR, Thoma Bravo, Vista for $4 billion asset sale The three PE firms are vying for Dell’s Quest Software, which helps with IT management, and SonicWall, an e-mail encryption and data security provider Redefining the way VCs invest in India Tiger Global Management, amongst the most prolific and influential investors in the Indian startup sector, has raised a new global fund of $2.5 billion. China leaves India trailing in race for reserve currency status Beijing has introduced a flurry reforms to ensure the yuan was considered "freely usable" in IMF parlance. How P2P lending platforms like Faircent, LendenClub are helping people make money Every loan on P2P platforms is shared by multiple lenders to reduce risk. Even if someone defaults, these platforms have mechanisms to ease the burden. Yes Bank inks $265 millions deal with US firms for SME development Private sector Yes Bank said on Tuesday it has signed loan agreements worth $265 million with the US government's development finance arm, OPIC, and Wells Fargo to support small business development in India. Facebook’s Mark Zuckerberg, his wife pledge to donate 99% of their shares Mark Zuckerberg and his wife, Priscilla Chan, unveiled the plan in an open letter to their newborn daughter, Max, in a Facebook post on Tuesday RBI Governor Raghuram Rajan says banking system liquidity balanced Cash conditions in the Indian banking system are balanced and the central bank will inject long-term funds if needed, said Governor Raghuram Rajan. HDFC Ltd invokes United Spirits Limited shares worth Rs 47 crore HDFC Ltd has sold a part of the United Spirits shares pledged with it by Vijay Mallya. HDFC Ltd sold 1.5 lakh shares for a total value of nearly Rs 47 crore. IEP, promoters plan to sell controlling stake in RG Stone Along with all of IEP’s 40% stake, the promoters will dilute another 10-15% in the hospital chain Exim banks of India, Malaysia ink financial cooperation pact Export Import (Exim) Bank today said it has inked an agreement with its counterpart in Malaysia to strengthen financial cooperation. Sebi proposes norms for listing of convertibles Sebi proposes that an unlisted firm can make a public issue of compulsorily convertible securities and list them on the institutional trading platform of stock exchange What it's like inside an Amazon warehouse on Cyber Monday Unless you have far more self-control than the vast majority of Americans, there's a good chance that you bought something on Amazon at some point in the past week. Etailers like Flipkart, Zivame, Pepperfry come down to earth for buyers to touch and feel Several ecommerce companies are opening physical stores to give customers a touchand-feel experience of products and stand out in the clutter of the increasingly flooded online retail space. Vegetable prices cool off as supply increases on harvesting in UP, Bihar & Punjab Vegetable prices have fallen up to 50% as the winter varieties are now reaching the market, giving comfort to policy makers and consumers who saw food prices rise sharply in October. Retail inflation may rise to 5.5% in Q4: Survey The forecasters expect core CPI (defined as excluding food and fuel) inflation to remain at around 5 per cent till second quarter of 2016-17. Pepperfry to spend $10 m on inorganic growth In talks to acquire, or invest in, companies by early 2016 Our burgers are very different; quantity of meat is much higher: Johnny Rockets Business Today Business TodayDean: The first store came in January, 2014 in Delhi. We are operating four now. Next year, we will open in Mumbai, and then Bangalore. By 2018, we need to have 20 stores. This looks like a less aggressive plan compared to other burger chains It is ... India Pharmacy Retail Market Outlook to 2020 Introduction to the concept of “Wellness Store” by the Organized Players, to Provide a Wider Range of Products to the Customer to Assist the Evolution of Self Medication: Ken Research Your browser history, IP addresses, online purchases etc all up for grabs without a warrant The Register Your browser history, IP addresses, online purchases etc all up for grabs ...The RegisterFollowing a decade-long legal battle, the details of a US national security letter (NSL) sent to ISP owner Nicholas Merrill can finally be revealed. The broad details have been known for some time, and a recent court decision all but listed the ... articles » MCG bans new cell phone towers in city The Municipal Corporation of Gurgaon (MCG) has banned erection of mobile phone towers in the city, after the mobile phone operators failed to provide details of location, radiation level and fee paid for existing towers to the Authority. Forget China — Google Has to Fight Off Alibaba on Mobile in India New data shows Alibaba's UC browser is beating Google's in its key growth market. Don't want to be known as 'call drop minister': Ravi Shankar Prasad Asserting that he does not want to be known as 'call drop minister', Telecom Minister Ravi Shankar Prasad on Tuesday said operators must reinforce their networks to improve quality of services. Fitness wearable brand Mio Global set for Indian market Mio Global has brought its heart rate monitors and watches, including the Mio Fuse, Alpha 2 and Link, to the country via an exclusive partnership with.. India's Online Retailers Launch 'Lite' Versions Of Websites To Snare Mobile shoppers Currently, the mobile site of Myntra allows consumers to browse the catalogue. Meet Sasha Chettri: The 'Airtel 4G girl' You might not have heard of Sasha Chettri, but you've most probably seen her and chances are that you'd even recognize her in a crowd: She's the Airtel 4G girl. India ranks 131 on global index of ICT access: Report The report said the Asia-Pacific is the most diverse region in terms of ICT development, reflecting stark differences in levels of economic developmen.. Ringo Halts Domestic Call Service in India After Telcos Allegedly Block It Ringo App, low cost domestic and international calling app has received a major setback in just couple of days after their domestic launch. Some of the Indian Telecom Operators have allegedly blocked Ringo app on their networks. Content Will Win India Telecom War The titans' scramble to expand may benefit audio and video streaming startups Draft National IPR Policy to hamper Indian mobile phone industry: Study The Draft National IPR Policy ignores the concerns and issues raised by the Fast Track Task Force (FTTF), set up by the Department of Electronics and IT (DeitY), to catalyze and re-establish significant growth in mobile handsets and component manufacturing eco-system in India. Why Use Mobile Payment Apps? How are they better than credit cards or COD? And which are the good ones? 5 business models gaining pace and poaching space in ecommerce Here is a closer look at the five upcoming business models that are changing the face of ecommerce. Locker for logistics provider QikPod raises $9M; Will Flipkart's offline centres help? QikPod, a startup, will establish a network of intelligent lockers for delivering ecommerce parcels to online shoppers across the metros. 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. 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Dec 1, 2015 - India's renewable energy push unlikely to help bridge development deficit

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Sree Vijaykumar From the Editor's Desk As I was reading through Kashyap Deorah's interesting debut book, 'The Golden Tap', it struck me that there are 2 kinds of startups in India right now. There's the 'X for India' startup, eg: Uber for India, Amazon for India, Alibaba for India, etc. Not taking away from the hard work required to build these, these are 'market bets' that VCs are more willing to take a risk on. The founding team needs to be good, but that's a hygiene factor. So IITians are a safe bet (gives comfort to the VCs). Complimentary cross-disciplinary founders are good. Past experience is ok, but not required. So now that I can rationalize how 25 year olds are raising hundreds of millions of dollars, the world feels normal again. The other type of startup is the one which has no parallel in the US or China. Justdial comes to mind. It had a much longer journey to success. Also, Freecharge, which was a relatively quick success, but it had extraordinary metrics (Growth, CAC, etc). Ultimately, extra-ordinary metrics always work. And not the kind where you give away Rs 100 to make Rs 80, unless it's an 'X for India' model with a large market, in which case even that is allowed - Comment India's renewable energy push unlikely to help bridge development deficit Foreclosing the option of using coal doesnt look like much of an option. “Coal will continue to be the mainstay of Indias energy basket. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans RBI widens pool of international investors eligible to lend to Indian companies The central bank raised the limit for small value external commercial borrowings with minimum average maturity of three years to $50 million. Indian Start-ups: Perks and sops aim to halt exodus Aim of a new policy is to improve capital access, encourage innovation and urge states to act as incubators for ‘innovative start-ups’. Yes bank sells United Breweries shares pledged by Vijay Mallya to Heineken International United Breweries said Yes Bank sold the shares amounting to a 0.16% stake to Dutch copromoter Heineken in a block trade executed on Thursday. Helion Venture Partners: From pioneer to follower With over $600 million in funds under management and 70 portfolio firms, Helion is still a force to reckon with. It just needs to find its groove and soon Finance Ministry working with RBI, Sebi to ensure reforms, stability Economic affairs secretary Shaktikanta Das today said in a tweet that RBI's move to liberalise external commercial borrowing norms and Sebi's approval to a new set of revised norms for IPOs and listing of the bourses are "reform" measures. Recovery of bad debt worries banks But the bigger issue is the challenge posed by defaulters, who approach multiple legal forums to delay the process of banks initiating action. Sebi green light for exchange IPOs Proposes regulations for green bonds and private debt placement offering online Foxconn subsidiary invests in mobile technology company MoMagic FIH Mobile, a subsidiary of Foxconn Technology Group, said it has acquired 10% stake in MoMagic Technologies through FHI’s unit Wonderful Stars India’s reluctant banker Aashish Bhinde is king of $10 billion in Internet deals Aashish Bhinde’s 19-person team at Avendus Capital has advised on more Internet deals than any other bank, according to Bloomberg data Small NBFCs plan to build sales teams to draw customers NBFCs such as Bajaj Finserv, IndoStar Capital and Dewan Housing Finance Ltd are increasingly investing in hiring the right kind of sales talent Quikr all set to acquire Commonfloor Both the e-commerce firms have a common investor in Tiger Global which is consolidating its investments in the online real estate sector Reluctant Banker Now King of $10 Billion in India Internet Deals When Aashish Bhinde graduated from one of India’s top business schools 20 years ago, he was clear about one thing -- he wanted to steer clear of a career in finance, with its long hours and endless spreadsheet number crunching. SAP: Don't blame us for DHL's ailing logistics system A languishing software upgrade project at Deutsche Post DHL Group has forced the German mail and courier company to take a write-off of €345 million, but software provider SAP is taking pains to make it clear that it's not to blame. LVMH's biggest watch brand Tag Heuer shutting its India office Luxury group LVMHs biggest watch brand Tag Heuer is shutting its India office, deciding to leverage its existing partnership with a local agent. Over 20000 tonnes of seized pulses offloaded in retail market The government also said the prices of essential commodities have stabilised after a declining trend last week. 6 Global Gamechangers Revolutionising Multi-Brand Retail The Business of FashionFrom Mumbai to Baku and Lagos to Jakarta, the more exceptional among them more than mere vehicles for tapping newly wealthy consumers now serve as essential anchors for their local fashion scenes. Operating in some of the most dynamic ... QSR is no longer a six SKU game: Burger King India Business Today Business TodayThere are stores in NCR, Bangalore, Mumbai, Pune, Punjab. We are working on sites for the next year. We are humbled by the response. In Select Citywalk (Delhi), we saw 5000 people come in on the first day. In Bangalore's Phoenix Market City mall, we ...sp;» Vitruvien To Open Its 1st Store In Mumbai Men's bespoke apparel e-commerce firm Vitruvien is all set to unveil its first apparel store in Mumbai's CR2 mall, following by three more stores across Mumbai in the next few months. Mobile key to delivering a 'Digital India' India is on track to surpass half a billion mobile subscribers by the end of the year, signaling the start of a new era for the country’s mobile economy, according to a new GSMA study published recently. Top Encryption Apps To Keep Your Data Safe   If you’re like most people across the globe these days, you find yourself using computer-driven devices to communicate with business colleagues, clients, family members, friends, and other contacts throughout the day.     Myntra drops app-only plan, pilots mobile site Flipkart has restarted its mobile website; Myntra also plans to do so soon Telecom sector to see consolidation, rise in debt: India-Ratings With increase cost of spectrum acquisition and heavy cash need for setting up of infrastructure for mobile internet amid lower profitability, Indian telecom sector is expected to witness consolidation and rising debt, said India Ratings and Research Bharti Airtel to Spend $9 Billion to Improve Mobile Network in India India’s largest cellular operator, Bharti Airtel, plans to spend $9 billion to improve its mobile data network in the country. Telecom, I B ministries to use broadcast airwaves for mobile services The ministries of telecom and information and broadcasting have agreed to use over 200 MHz spectrum earmarked for broadcasting services, the majority of which is with Doordarshan, for advanced mobile services. Microsoft launches its first flagship Windows 10 smartphones in India The phones will be available for pre-ordet beginning today on Amazon.in and will be up for sale from December 11 through major retail chains including.. How Airtel will continue telecoms growth Telecom network operator Bharti Airtel has 325 million wireless subscribers globally. It achieved more than 1.23 trillion minutes of calls in fiscal 2015 and over 333 petabytes of data over the last year – riding on over 175,000 base station sites. Bharti Airtel started the journey in Indian telecom market in 1998 when it announced Foxconn invests in India's mobile internet company MoMagic Foxconn subsidiary FIH Mobile Limited has acquired a 10 per cent stake in mobile Internet market company MoMagic which had earlier got investment from silicon major MediaTek. TRAI to mobile cos: Don't insult users Telecom regulator RS Sharma has slammed mobile phone operators for “insulting” their subscribers by saying that many will deliberately drop calls to claim compensation. Following Flipkart footsteps, Myntra re-launches its mobile site after eight months Flipkart owned fashion retailer Myntra is now relaunching its mobile website, after shutting it down on May 15th this year. Parts of the mobile website have Flipkart comes up with 'brand story ad format' for better customer engagement Flipkart has introduced native advertising for companies to engage better with customers on its mobile platform, including for brands that do not sell through it. How Ravi Gururaj's New Venture QikPod Aims To Revolutionise Ecommerce How Ravi Gururaj's New Venture QikPod Aims To Revolutionise EcommerceHow Ravi Gururaj's New Venture QikPod Aims To Revolutionise Ecommerce By ...Inc42 Magazine (press release) (blog)In order to effectively smoothen out the last mile delivery process, QikPod will establish a network of intelligent lockers for delivering ecommerce parcels to online shoppers across the metros. The lockers will combine technologies such as internet of HeadphoneZone: A Niche eCommerce Store for Audiophiles HeadphoneZone started out as an exclusive headphone and earphone offline retail store which eventually shifted to the webstore. 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