Trending: May 07- May 14 : Can a cashless economy be the solution to crime?

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Imagine a bank heist where the robber takes out a gun, asks the bank staff to put money into a bag, only to be told that they do not have any cash. When the robber looks confused, he is directed to a poster on the wall that proclaims this a "cash-free" location. "It's true," the manager tells him. "Sorry." Well, this is what happened on April 22, 2013 at Stockholm's Ostermalmstorg branch of Skandinaviska Enskilda Banken. Crime is the single most important consideration in the global transition to cashless. The criminal economy depends on the anonymous, untraceable nature of cash. Indeed, much of the cash in the world, maybe most of it, is simply unaccounted for. The World Bank estimates that about a third of the cash in most countries circulates underground, in black markets and through illegal employment. Take it away and thieves have no foolproof way to sell their stolen goods, drug dealers no way to hide their deals. Atleast till a new sophisticated cyber-criminal emerges! - Comment


Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
There's a song by Wu Tang Clan called Method Man where one of the methods of torture they talk about is, 'I'm gonna sew your rectum shut and keep feeding you', that's what it's like today to be an LP (the investor class that VCs raise money from). That's not too surprising a take of the current state of the technology market. There have been a fraction of a fraction of the number of technology IPOs the US market typically sees in the first part of the year. That means that liquidity for venture investors - and, in turn, LPs, has started to stall, and that means that LPs might start looking at alternative asset classes - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
While business leaders like Richard Branson and Elon Musk have taken to social media like a duck takes to water, others have not been so successful. Many CEOs still consider it a waste of time, others just don't feel comfortable being themselves online. This article argues that one of the best uses of social media for business leaders is when managing a reputation crisis. People love hearing directly from the CEO, but it should be often and in a way that seems natural, not like a press release. A credible social media voice from the top can also attract talent and customers. And today, we launch our very own social network, focused on news and knowledge - taggit! It's the home for the freshest stories from around the world. Check it out here. Let us know what you think, by emailing us at info@tradebriefs.com - Comment

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Smart money is not looking so smart right now. Hedge funds in the US have lost 0.4% in the past quarter, while the S&P 500 has returned 1.4%. Even the gold standard of Wall Street, Goldman Sachs, has returned 6.4% on equity, as opposed to the 30% average it delivered before the financial crisis. Debt-fueled risk-taking is being controlled through regulation and hefty asset management fees are being questioned when returns are so low. Outsized fees and wages associated with finance, in turn, could be one of the reasons why overly large financial sectors seem to have a deleterious effect on economic growth. Some theorize that when nosebleed pay packages are the norm in the financial world, it starts to siphon off talented workers who otherwise would have contributed to real economic productivity somewhere else. - Comment

Too much regulation may lead to danger of shadow banking: Raghuram Rajan

Rajan said one of the concerns of aggressive monetary policy is that it might encourage depreciation of the exchange rate.




Sebi expands probe into financial dealings of Vijay Mallya firms

The Securities and Exchange Board of India is looking into violation of securities market regulations including strict disclosure requirements




GMR sells 30% stake in GMR Energy for $300 mn to Tenaga Nasional

Move will lead to a reduction in GMR Infrastructure consolidated corporate debt and result in a stronger balancesheet




NBFCs expand working capital loan business as banks retreat

Risk-averse banks are declining to offer such loans due to the lack of adequate capital and a rise in bad loans




Dalmia Cements withdraws appeal against Lafarge-Holcim merger

Analysts said that with Dalmia withdrawing its appeal, it is either for CCI or Lafarge to decide on the future course of action.




Employment outlook improves; Make in India impact ebbs: TeamLease report

The improvement this time is primarily based on the 3% addition of businesses that had cut back on hiring during the previous half year but whose outlook has turned positive for this coming half year.





Enterprising lot: How ex-bankers set up startups like CreditMantri

Some of the bankers are stepping out of the regulated world of banking to challenge, even unsettle, businesses they, as bankers, had once helped to grow.




Fractal Analytics raises $100 million from Malaysian sovereign wealth fund Khazanah

The investment will value the US and India-based company at close to $300 million (Rs 2,000 crore), according to a source directly familiar with the development.




Any merger initiative has to come from board of banks: Jayant Sinha

The role of the government or the Reserve Bank of India in the merger of banks would be that of a facilitator, Minister of State for Finance said.





Centre plans indemnity for bankers to tackle bad loan menace

FinMin seeks views on setting up external committee to approve one-time NPA settlement applications of PSBs.




United payments system to make mobile wallets redundant: Report

UPI does not require a specific bank account unlike existing players which offer the product to only those who have an account with them.




Cloud telephony firm Knowlarity makes its second acquisition, nabs Delhi-based Smartwards

Knowlarity is a cloud telephony service provider that offers comprehensive communication tools to SMEs, enterprise customers and individuals.




Relief after 163 Years ! Indian Railways to finally install Bio-Toilets in train engines for drivers

The first train with bio-toilets will be flagged off by Railway Minister Suresh Prabhu this week.




Don't expect 4G to make an immediate impact in India

Is India ready to be the global mobile industry's next China?




American hotel tech firm Travel Tripper setting up its second global delivery centre outside the United States in Hyderabad

The Hyderabad centre is Travel Trippers second international office, after it recently entered London to cater to European clientele.





Where risk-takers thrive

As a lecturer, entrepreneur, mentor and angel investor, Ajeet Khurana has a long and rich history with start-ups. In this email interview, he looks at the pros and cons of B-school students joining t




Duty-free shops outside food safety ambit: FSSAI

Regulator overrules internal view on ensuring protection against bio-terrorism and food safety




RBI fixes foreign holding limits at 49% in Ujjivan Financial Services

The microfinance company recently witnessed robust demand for its recently-concluded IPO. The shares of the company will be listed on the bourses tomorrow.




'Business model with a human face preferred here'

Physical stores and apps will co-exist depending on the customers

Why China is prone to bubbles

The issue is surplus liquidity


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