Nov 2, 2016 - SBI cuts home loans to lowest in 6 yrs

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
I love startups. I hate the startup scene. Founders are more interested in playing startup than actually being one. Below are some of the most common behaviours of founders and teams that are more concerned with acting like a business than being one. 1) Meetings, meetings and more meetings - "I'm in a meeting," feels very nice to say, but are you getting stuff done? 2) Having multiple people doing a job that one person can do - You don't need a team to do your social media, one scrappy content marketer is enough. 3) Worshipping vanity benchmarks - Number of employees is not a benchmark to measure success by. 4) Spending a lot of time at meetups - Networking feels like work, but what other work are you trading off to do it? 5) Overspending on shwag, office space and business cards. 6) Having more conversations with people outside of your market than people in it. More here

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Morgan Stanley raises $300 million for India focused infrastructure fund

Morgan Stanley is said to be looking at raising around $600-700 million in total for the India infrastructure fund




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Carlyle Group’s Asia fund looks at distressed asset deals in India

Private equity firm Carlyle Group said to scout for bargains in corporate insolvency space



Maharashtra's 2025 agenda: Why state's $1 trillion GDP target could make it India's growth engine

Aiming at a GDP of $1 trn, the state is likely to be India’s growth engine for the next half a decade. If the CM’s agenda goes as planned, Maharashtra will account for 20% of India’s GDP in 2025. The state contributes about 15% of the GDP at present.



Mutual fund investments in debt securities lowest in 5 years

Mutual funds pulled out ₹ 14,085.55 crore from debt securities in May 2018, as compared to mutual fund inflows of ₹ 20,164.82 crore in April and ₹ 9,514.37 crore in May 2017



For Indian banking sector, let a hundred CEOs bloom

But where will the CEOs come from? Does the public sector banking industry have enough talent to fill in the positions?



India seeks $2.4 billion funding from AIIB

The Asian Infrastructure Investment Bank (AIIB) will also invest $200 million in India’s National Investment and Infrastructure Fund (NIIF), says economic affairs secretary Subhash Chandra Garg



Small farmers can be growth engines, not just beneficiaries: Rodger Voorhies

India has a long way to go in formulating policies for the uplift of small and marginal as well as landless farmers, says Rodger Voorhies of Bill and Melinda Gates Foundation



Bain Capital looks to step up distress game, plans new India team

To look after the investments, Bain is setting up a dedicated India team and started the hiring process, said one of the persons cited above.



Prabhu sets out to woo superfunds from Australia

Australias superannuation fund, valued at $1.92 trillion as on December 2017, is one of the worlds largest and has exposure in various international markets.



India-UK ties:Starting Fintech to the Finish

By  Philip Hammond More than 2.5 million people, including myself, travel between Britain and India each year. We travel 4,000 miles for reasons that include tourism, business and the exchange of expertise and new ideas. Through...



Piyush Goyal credits Arun Jaitley for NPA clean-up; says banks poised for growth now

"Our banking system is now poised for very good times ahead," he told reporters on the eve of Asian Infrastructure Investment Bank (AIIB)'s maiden annual summit being held here, when asked about the two meetings he had with bankers on dud loans resolution.



Narendra Modi credits states for successful GST implementation

27 meetings in the run-up to GST rollout on 1 July 2017 saw representation from different states but they all took decisions in GST Council with ‘absolute’ consensus, says Narendra Modi in his Mann ki Baat address



PE-backed IPOs outperform non-PE backed issues: EY India

Private equity-backed IPOs have on an average outperformed non-PE backed IPOs, a new report by professional services firm EY India has revealed.From a sectoral perspective, PE-backed IPOs in financial



India, Seychelles set to bolster economic, strategic relations

Prime Minister Narendra Modi to hold talks with Seychelles President Danny Faure in New Delhi on Monday



The absence of trade finance threatens global trade

While there has been no improvement in either overall trade volumes or values, costs have gone up for emerging and poor economies due to shrinking trade finance



A peek into the robotized economic future

It is highly likely that job augmentation will overwhelm job destruction, enhancing consumption demand and leading to a boom



The end of the rules-based global order

With trade and immigration more inward-focused and diplomacy becoming more unpredictable, the world is heading towards uncharted territory



Countering India’s labour market imbalances

India is dealing with slow job creation in some sectors and shortage of skills in others. These imbalances need to be checked



GSTN developing tools for tax authorities to analyse data to check tax evasion

GST Network is working on data analytics and improving user interface on its portal, besides developing backend system for assessment and audit, says CEO Prakash Kumar



Varroc Engg IPO opens on June 26: Key things to know about it

The price band of the offer has been set between Rs 965-967 with a face value of Re 1.



Should India's Insurance Behemoth Be Welcomed Into Banking?

Could a potential deal between LIC and IDBI Bank put policy holders at risk and raise financial stability concerns?



Bankers, the frontline warriors in India's coming fintech revolution

A number of senior bankers, armed with intimate understanding of strengths and weaknesses of traditional banking, are breaking new ground in fintech.



ICICI reveals a whistleblower complaint over loans

A statement issued by the bank said that the anonymous communication was treated as a whistleblower complaint and an enquiry was instituted.



Can the Indian economy really achieve double digit growth?

PM Narendra Modi has twice in the last week vowed to take India’s growth rate past 10%, but experts say many hurdles remain



US investors seek Chanda Kochhar’s ouster from ICICI Bank

US investors aren’t confident of an insider getting appointed as ICICI Bank CEO, as they believe only an outsider can change the company’s culture, says a Macquarie Research report



RIL-JM Financial to take over Alok Industries as lenders settle for 83% haircut

The Reliance Industries-JM Financial ARC combine was the sole bidder for the bankrupt textile company but their plan had been rejected twice in the past.



Mumbai officials confiscate 591kg of plastic on Day 2 of ban, collect Rs 3.5 lakh in fines
Mumbai officials confiscate 591kg of plastic on Day 2 of ban, collect Rs 3.5 lakh in fines
BMC intensified its crackdown on retailers in Mumbai who have been using plastic items despite the statewide ban imposed by Maharashtra on Saturday.



How Amazon is winning the online retail game. Again.
How Amazon is winning the online retail game. Again.
The results were stunning. In just a few years, AmazonBasics had grabbed nearly a third of the online market for batteries, outselling both Energizer and Duracell on its site.



Neeru's launches 50th store in Hyderabad
Neeru's launches 50th store in Hyderabad
Ethnic wear retailer Neeru’s has recently opened its 50th store in Hyderabad. The new store located at Mehdipatnam was inaugurated by Bollywood actress Karisma Kapoor and Avnish Kumar, MD, Neeru’s . The store showcases fascinating ethnic wear boasting of trends this season. Neeru’s has set a new benchmark for ethnic fashion wear across India. Every …



E-tailers focusing on AI, virtual reality to cut logistics cost and fraudulent orders
E-tailers focusing on AI, virtual reality to cut logistics cost and fraudulent orders
It observed that to identify fraudulent orders, reduce return rate and also cut down on logistics cost, e-commerce companies are investing in robotics..



Google turns ambitious in India: Eyes solo e-commerce play by Diwali
Google turns ambitious in India: Eyes solo e-commerce play by Diwali
Sundar Pichai-steered company Google may go solo and launch its own e-commerce platform which may start from India by Diwali.



Aahaa Stores raises $2 million from UAE's Calega
Aahaa Stores raises $2 million from UAE's Calega
The startup plans to utilise the money to upgrade its technology, expand business across new verticals and geographies.



Reliance takes its first big step into ecommerce- an app for millions of shopkeepers
Reliance takes its first big step into ecommerce- an app for millions of shopkeepers
The app, being trialled in 5,000 stores in Mumbai and Ahmedabad, will be taken nationwide later this year and will help integrate kirana merchants into the ecommerce ecosystem



Nafed aims to build real estate through retail chain: Source
Nafed aims to build real estate through retail chain: Source
Robbed of a huge amount of real estate in the process of repaying bank loans, agri co-operative Nafed has hit upon the idea of finding a foot hold in Delhi again. A highly placed source confides that the cooperative has taken about 25 shops on lease rent from DDA which it plans to convert into …



Tata Group lines up re-entry into white goods market with Rs 1000-crore push
Tata Group lines up re-entry into white goods market with Rs 1000-crore push
The Tatas plan to invest Rs 1,000 crore in the business and hope to corner 10 per cent of market share by 2025.



Flipkart eyeing 65% growth in online fashion retail in 2018-19
Flipkart eyeing 65% growth in online fashion retail in 2018-19
Flipkart has undertaken a rebranding exercise as part of a broader strategy to stand out as a premier online fashion destination and help differentiate itself from other e-commerce firms



Logistics solutions provider Locus targets two million orders a day by 2019
Logistics solutions provider Locus targets two million orders a day by 2019
Locus is a decision-making engine that incorporates various business rules and fuzzy real-world scenarios like traffic delays and capacity constraints while planning and dispatching orders



Customer experience revamped in the retail sector
Customer experience revamped in the retail sector
Technology is the front-runner in driving consumer engagement and experience in retail.



Revenue from e-commerce in India to touch USD 52 bn by 2022: Report
Revenue from e-commerce in India to touch USD 52 bn by 2022: Report
The revenue from e-commerce amounted to $25 billion in India in 2017, and is likely to grow by 20.2 per cent per year, says a report.



Number of online shoppers to surpass 120 million in 2018
Number of online shoppers to surpass 120 million in 2018
India's base is still quite low, there is a huge scope for growth. With more improvement in logistics, online shopping is bound to grow here.



Beer prices in Gurugram to rise by up to 44%
Beer prices in Gurugram to rise by up to 44%
With supply on credit drying up, retailers who have paid big money for licences, do not have the size of cash flows needed to buy beer in cash and stock their vends, resulting in the shortage.



TV sales up during FIFA WC 2018, but here is what is different from previous editions
TV sales up during FIFA WC 2018, but here is what is different from previous editions
TV sales up during FIFA WC 2018, but here is what is different from previous editions - To attract soccer fans, TV makers have launched new large screen size models in the market and have also come out with attractive financing schemes



Ikea bets big on India but keeps meatballs off the menu
Ikea bets big on India but keeps meatballs off the menu
Furniture giant Ikea is set to open its first store and restaurant in India after years of trying but arguably its most famous item is off the menu --..



V-Bazaar eyes expansion; to open 77 stores by 2020
V-Bazaar eyes expansion; to open 77 stores by 2020
V-Bazaar is one of the fastest growing value retail chains from Northern India. It started its operation in May 2016 with its maiden store in Lakhisarai, Bihar. The company was started by Hemant Agarwal and Rahul Jhunjhunwala. In an interview with Indiaretailing, Chairman and Managing Director, Hemant Agarwal shares the secret recipe of success of the …



Tata Starbucks to open more than 25 stores in FY19, mulls launch of new units in Tier-II cities
Tata Starbucks to open more than 25 stores in FY19, mulls launch of new units in Tier-II cities
Tata Starbucks, a 50:50 joint venture between US-coffee major Starbucks and Tata Global Beverages Ltd, said it is planning to open more than 25 stores this year, especially in Tier-II cities, t



Apparel exports to Asian markets on the rise
Apparel exports to Asian markets on the rise
Garment shipments from Bangladesh to its major Asian markets—India, China and Japan—are rising by the day thanks to competitive



Eighty global retail brands across verticals to enter India in 2018 with Franglobal
Eighty global retail brands across verticals to enter India in 2018 with Franglobal
New Delhi, June 23 (UNI) Franchise India hosted their 6th annual Master Franchise Show’18 on Saturday co-organised by WIB (World Iconic Brands) and Franglobal, a statement said.



Bigger, more frills, more investment: malls are getting a makeover
Bigger, more frills, more investment: malls are getting a makeover
Upcoming projects are set to occupy larger plots and have more F&B, entertainment options such as trampoline parks and sports turfs



These new beers are making their India entry this season
These new beers are making their India entry this season
According to a report by Euromonitor International last year, there is likely to be a further rise of craft beers in India this year.



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