Aug 22, 2016 - PEs, pension funds eye $600m Mu Sigma stake

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PEs, pension funds eye $600m Mu Sigma stake Software and analytics giant Palantir Technologies is also in negotiations to acquire the shares held by General Atlantic and Mu Sigma CEO. PSU banks' boards: Centre against withdrawing RBI nominee directors Governor Rajan had called for the move to give more decision-making powers to the banks’ boards. Expect bank clean-up to continue under Patel: Moody's One of the biggest challenges for India's incoming central bank chief is a problem he and his predecessor have long grappled with - how to spur stubborn state banks to cut borrowing costs more aggressively to boost the economy. India world's third biggest tech startup hub: Study "In the technology driven startups, India has moved up to third position with the US occupying the top position with more than 47,000 and the UK with over 4,500." 50 companies keen on associating with Postal Bank: Ravi Shankar Prasad 50 companies keen on associating with Postal Bank: Ravi Shankar Prasad - "We will begin postal payments banking service from September 16, wherein 1.3 lakh postmen will be given hand-held devices, a moving ATM to provide banking services, insurance, money-order, as well as third-party service," said Ravi Shankar Prasad. Urjit Patel replaces Raghuram Rajan as RBI Governor AS MUCH as the financial markets they seek to influence, central banks need the confidence of investors to function. So uncertainty over their leadership and questions about their independence are seldom welcome. Associate banks merger will help us break into top 50 league: SBI The six bank merger with SBI will add Rs 8 lakh crore to the banks assets swelling its network to 24,000 branches pushing up total assets by 36% to Rs 30 lakh crore. Banks race to targets, rural women's groups to defaults 10 attributes of great investors: What it really takes to make money in market The ability to compare and contrast assets and the value they hold therein is another quality that an investor is advised to develop. SBI says will gain $120 billion in assets from takeover of units SBI said the merger would expand its assets by 36% to about $447 billion Where is the money, honey? Why NCDs make a compelling case Compared with (FY) 2008-09, the number of companies offering NCDs and the total base issue size have grown nearly 20 times in last three to four years. Mark Zuckerberg sells $95 million in Facebook shares for philanthropy The sale of over 760,000 shares of Facebook stock, valued at about $95 million, was made by Chan Zuckerberg Initiative Holdings and the Chan Zuckerberg Foundation Roadshows to push the FDI cart in food retail The government is said to have dropped plans to include some general merchandise such as soaps and shampoos, which is the main point of complaint against it. Amazon makes life easier for sellers in returns and refunds under 'Easy Ship' plan The programme is aimed at making reverse logistics and refunds hassle-free, the ecommerce giant said in an email to listed sellers. Future group to take Nilgiris supermarket store count to 1000 The group, which had acquired the Bengaluru-based chain in 2014, is also launching new products in bakery and is strengthening its portfolio. Nykaa.com to raise Rs 80 crore, aims to double sales by FY18 Online beauty retailer is also looking at omni-channel presence to achieve growth targets and plans to open about 26 more retail outlets by 2020. Strictly comply with e-commerce guidelines: Government to online companies This was instructed to the online retailers during a recent meeting held in the Commerce and Industry Ministry. Desi restaurants going overseas to cater not just to diaspora but to global audience Indian cuisine is becoming more contemporary and the players are fine-tuning their approach in terms of taste, flavour and presentation to cater to a wider consumer base. Where hijab meets the high-street: Modest fashion has reached Indian shores Hindustan Times The Burkini first hit the headlines in 2011, when celebrity chef Nigella Lawson was photographed wearing one on an Australian beach, an incident dubbed by the tabloid press as 'the great cover up'. Cut to March 2016: British retail giant, Marks and ... ​ Spectrum auction to witness heavy demand for 4G bands Experts expect the Indian unit of UKs Vodafone Group Plc to maximise spectrum purchases in the 1800 MHz band to have enough to launch 4G in all key markets. ISP body to approach DoT, Telecom Min over spectrum levy Companies offering Internet services include names like Tikona, Bharti Airtel, Reliance Communications and Tata Communications. Department of Telecom in favour of more penal power to TRAI The Department of Telecom is in favour of giving more penal power to telecom regulator Trai that will enable the sectoral watchdog to impose fine on telecom operators for poor services including call drops. Mobile services partially restored in Kashmir, curfew continues for 43rd day Mobile phone services were partially restored in Kashmir Valley on Saturday even as life remained suspended for the 43rd day due to curfew and shutdown. Micromax plans to raise 4G smartphones share to almost 75% of portfolio Micromax Informatics feels that a shift from third-generation or 3G to fourth-generation (4G) technology would be rapid, and to cash in on high-speed data networks surge, the company is in talks with '4G-focused telcos' and plans to raise the share of 4G-compatible smartphones to as much as three-quarters of the entire product range by 2017. No charger, no problem: 5 top phones with big batteries in India Looking for a big battery smartphone? Look no further. Collector for a mobile app to register complaints A mobile application to address your civic grievances, is not a dream any more as the district administration is planning to launch just that. GST: Smartphone makers seek continuation of 'Make in India' sops Mobile phone makers have proposed nil or 1% Central GST and State GST at merit rate of 5% on all phones and tablets, whether imported or made locally. 4G battle: Mukesh Ambani meets Trai, DoT officials The availability of Reliance Jio 4G Preview scheme has eventually been extended to the general public. The Y Combinator touch: How this Silicon Valley incubator is helping Indian entrepreneurs Fast Company calls it the worlds most powerful startup incubator. Fortune magazine calls it a spawning ground for emerging tech giants. Infosys cuts 500 jobs after poor Q1 show and losing major contract Last week, employment of 500 staffers was terminated for non-performance. How unit economics is changing startup dynamics in India? Amidst all the gloom over the misplaced astronomical valuations of startups that witnessed an unrestricted flow of money through venture capital and privat Facebook launches ‘teenagers-only’ video diary and social network app called Lifestage Read reviews, compare customer ratings, see screenshots, and learn more about Lifestage. Download Lifestage and enjoy it on your iPhone, iPad, and iPod touch. US tech giant Apple simplifying the brand : No more Apple Store, it is now simply ‘Apple’ Apple appears to be making a slight branding change to its retail business, dropping the "Store" moniker when referring to its Apple Store... Head of Bharti Airtel's strategic alliances quits to join Telenor Prakash, who is currently serving his notice period at Bharti Airtel, will join Telenor in September to spearhead the groups enterprise or B2B business globally. Why tech giants are following the new success mantra of 'Develop in India for the world'? R&D centres of multinational companies are employing about 300,000 experts in India Mark Zuckerberg sells $95mn worth of Facebook shares for charity In the first gesture to fulfil his pledge that he and his wife made last year, Facebook CEO Mark Zuckerberg has sold $95 million of the social networking giant’s shares. E-commerce site AskMe shuts down and lays off thousands of employees AskMe wrote to the Ministry of Corporate Affairs and RoC, asking them to ensure that Astro Holdings does not exit the country without meeting its liabilities. Minimum broadband speed may be raised four times, says IT minister "We will consider laying down a policy for increasing the minimum broadband speed from the current levels." IT minister Ravi Shankar Prasad said. Mobile phone makers demand 10% duty differential in GST Mobile phone makers have proposed nil or 1% Central GST and State GST at merit rate of 5% on all phones and tablets, whether imported or made locally, and on inputs, parts and components. 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. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India