Nov 30, 2016 - Indian finance hunting firms at our doors, says China-led Asian Infrastructure Investment Bank

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What do elite VCs read every morning? Joe Jovde (of has surveyed the top VCs in Silicon Valley to find out what they read for work. The list includes expected blogs by Fred Wilson, Tom Tunguz and Mark Suster, but also Tim Urban's 'Wait but Why', a blog that helps you ingest serious information in a light-hearted way. If you are involved with startups/technology, check out the entire list here

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After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India

Tiger Global has invested in NinjaCart, as well as Facilio, Fyle and CleverTap, all of which are B2B startups.The Ninjacart deal is also Tiger Global Management’s biggest first investment in an Indian startup

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Sebi halts Hotel Leela sale to Brookfield

Sebi halts Hotel Leela sale to Brookfield - The move comes after Indian diversified conglomerate ITC Ltd, alleged oppression and mismanagement by HLVL management in its Rs 3,950 crore slump sale transaction with the Canadian private equity firm

Customer complaints against banks surge 25% in FY18: RBI report

The 21 offices of the banking ombudsman received 163,590 complaints in 2017-18 (FY18), marking an increase of 24.9 per cent over the previous year

After 6 years in Shriram, Piramal spends 6 months looking for exit

Thyagarajan says there won't be any vacuum as every firm has independent management

SBI appoints eight new DMDs and many other CGMs

SBI is also in the process of identifying about 15 executives who would fill vacant positions as chief general managers, sources said.

Wanted: A central banker with nerves of steel to deal with Brexit

The Bank of England is looking for a new boss, but applicants beware: The successful candidate will inherit an economy traumatized by uncertainty over Brexit.

Finance ministry may raise cap on 59-minute loans to ₹3-5 crore

The cap on the 59-minute loans will be raised in a gradual manner.The 59-minute loan scheme has already drawn healthy response from the borrowers and some of the PSU banks are now keen on hiking the credit limit

RBI asks banks to disclose IL FS provisions in Q4 accounts

Banks will also need to disclose the provisions that have to be made as per the IRAC rules.

Top pharma companies eyeing Bharat Serums and Vaccines

Focus on R&D, technical competence, niche and complex product portfolio are some of the factors that make BSV as attractive proposition for PE investors and pharma companies.

RBI may join global peers in buying more gold

The RBI may purchase 1.5 million ounces in 2019, or about 46.7 tonnes.

ED writes to investigative bodies in Singapore, Hong Kong on Chanda Kochhar quid pro quo case

The ED had also asked Kochhar to make full disclosure in line with the one she made to RBI and other regulators.

How this college dropout is aiming to make his startup the OYO of office rentals

Launched in June 2018, The Hacker Street is a tech-driven supply aggregation and unified provider of co-working or managed office spaces. As of now, the startup offers more than 30,000 seats available across seven cities.

Declaring me fugitive offender is like giving 'economic death penalty': Mallya tells High Court

Mallya made the statement through his counsel Amit Desai before a bench of justices Ranjit More and Bharati Dangre.

Financial sector salaries likely to rise this year

After a rough year, increment projections indicate an upward trend for key talent in financial institutions

Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21

In the GST regime, businesses have to file monthly tax returns by the 20th day of the subsequent month.

RBI steps up liquidity mgmt to make rate cuts count

RBI Governor Shaktikanta Das has shown more willingness than his predecessor Urjit Patel.

Paytm Payments Bank mobile banking market share down to 18% in Feb

Paytm Payment Bank recorded 133 million of a total 739 million mobile-banking transactions made during February 2019, as per RBI data

Sequoia leads $35.5 mn funding round in gaming startup Mobile Premier League

Digital gaming startup Mobile Premier League (MPL) has raised $35.5 million (about Rs 250 crore) in a Series A round of funding

As RBI and Kotak Bank spar over promoter stake rule, experts feel spirit of law at stake

While the Bombay High Court has “no time” to address the case before 2020, market experts have strong opinions about Kotak’s defiance against the RBI.

Tiger Global invests $89 million in agri-tech startup NinjaCart

Deal marks one of Tiger’s largest first cheque in an Indian start-up.The deal could also be indicative of Tiger’s new approach to the Indian start-up ecosystem post the departure of Lee Fixel

Indian IT companies raise elite US sales force

In a move to accelerate its localisation efforts, Infosys and Wipro have hired 10,000 and 6,000 people respectively in the US over the last three years.

The things that matter show India's economy is cooling

Latest high-frequency indicators suggest India's economy is heading towards a slowdown.

Seeking realty business exit, Indiabulls sounds out ally Blackstone, others

Move to exit IBREL aimed at improving chances of regulatory nod for LVB merger.

Unique depreciation policy allows Reliance Jio to report higher profit

This allows the telco to report higher profit before tax even though it lags behind Airtel in terms of operating profit

LG to reportedly stop producing smartphones in home country of South Korea

A new report claims that LG is ceasing smartphone production at its South Korean plan to help reduce its continuing losses.

The Taste With Vir: The rise of consumers, the end of competition in aviation and telecom

In this week’s column of The Taste With Vir, Vir Sanghvi speaks about both the telecom and aviation industry boom and how with the fall of competition, consumers have risen.

4G in metro cities face speed issues due to congested networks; telcos blame RoW

The industry only managed to install 50,000-60,000 cell sites in 2018 compared with the need for over 100,000 cell sites to keep pace, industry expert..

Notice to DoT on plea seeking 4G services from BSNL

The Madurai bench of the Madras high court has issued a notice to the department of telecommunications, Telecom Regulatory Authority of India (TRAI) t..

Reliance Jio wireless broadband market share increases to 56%: ICRA

Credit rating agency ICRA Wednesday said that the newcomer Reliance Jio leads the wireless broadband market with a 56% pie, leaving behind the older i..

Will get funding from rights issue, monetisation of assets says Vodafone

Airtel and Vodafone Idea, the two incumbents, face huge disruption due to the entry of Reliance Jio, which has already become the third-largest player in the telecom sector with 300 million subscriber

Airtel renews long-term partnership with Synamedia to drive digital TV innovation

Synamedia, the world’s largest independent video software provider, today announced that it has extended its relationship with global telecoms operator Bharti Airtel in India. The new multi-year contract builds on Airtel’s 12-year partnership with Synamedia and the two firms’ shared foc uson driving digital TV innovation while protecting content and revenues.

Airtel sends limited details to Trai on segmented offers

A senior Trai official told ET that Airtel’s submissions are being examined and further action will be taken subsequently, as needed. “Vodafone Id..

Ookla says 4G speeds improved in India only a bit

On the coverage side, 4G was 89.8% available across India in the first quarter of 2019, as per Ookla.

Latest trending report on Baby Consumables Market is booming globally by Top key Johnson Johnson, Kimberly Clark, Procter Gamble, Unilever

Baby Consumables Market Analysis 2019 Baby consumables are baby care prodcuts like clothing, tools and toys etc. The global Baby Consumables market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025. The Global Baby Consumables Market …

LT Foods, Kameda Seika to set up India factory

India's LT Foods and Japan's Kameda Seika are to work together on production in the latest stage of their joint venture.

Indian snacks get a baked makeover

The growing popularity of bakery is leading to a manifold increase in the demand for raw material traders, equipment makers, food courts in malls, franchise chains models, among others. The development of global tourism and hospitality industries has spurred this demand further. Anew age has dawned upon us. The emergence of digitalization, demonetization and democratization …

Leading P G Brands Including Pampers, Ariel and Herbal Essences Expand Leadership in Responsible Consumption

The Procter & Gamble Company (NYSE:PG) today detailed the roadmap and actions its leadership brands are taking to increase positive impact on soci

IPR trademark violation: HUL steps up legal action to curb counterfeit menace

Hindustan Unilever has averaged filing about two cases of violations of its IPR and trademark weekly in FY19.

Activists Seek Centre's Intervention In Pepsico's Case Against Farmers

Over 190 activists Wednesday requested the Union government to ask food and beverages giant PepsiCo India to withdraw its "false" cases against Gujarat farmers for allegedly illegally growing a variety of potatoes "registered" by the company.

Flipkart looks to invest Rs 5,000 crore in logistics parks; to generate 50,000 jobs

Online shopping giant Flipkart is reportedly going to invest Rs 5,000 crore to set up logistics parks to create 50,000 jobs.

To reduce cash burn, Amazon tweaks commission for sellers

The ecommerce major revamps its seller commissions, increases logistics fee structures in a move aimed at cutting subsidies and improving business margins.

Myntra to offer more discounts on promise of 'no return'

Scheme, similar to that of Walmart-owned, will help the fashion ecomm co save on reverse logistics cost that is shared with customers.

Mukesh Ambanis e-commerce app is being tested within the company

Mukesh Ambani’s Reliance Retail is being tested between the employee’s at the company according to a report by LiveMint. The strategy is similar to the one

India's new regulations are 'bumps in the road': Flipkart co-founder

Binny Bansal, co-founder of Flipkart, says the changes in regulations for e-commerce in India affect the "momentum" of businesses as they grow.

Amazon augments its Seller Lending Marketplace with fintech lender FlexiLoans to provide MSME credit

FlexiLoans uses its differentiated technology to reach out to the e-sellers including ones devoid of the funding from banks and other financial lendin..

Top 3 innovative omnichannel solutions for online retailers

Most of us talk about omnichannel struggle that brick and mortar retailers face when they try to integrate with their offline store to online. However, the struggle for offline retailers is much bigger in their offline transition.

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