Tuesday, October 30, 2018

October 29, 2018 - Unpacking RBI's Quest to Have All Payment Data Stored Within India's National Boundaries

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TradeBriefs Editorial From the Editor's Desk

Startup idea: Oyo for Retail
"If data is the new oil, remember that oil is useless goop untill it's refined into petroleum" - recent tweet. Unusable/unclean data is a problem that plagues several large organizations. That combined with siloed departmental thinking leads to disappointing results, compared to the promise of big data analytics and AI. Large Indian ecommerce players seem to be stuck in this zone, as highlighted in this article. One company that has surpassed this is Alibaba, as it is now even providing 'unmet needs' data to companies like Mars which came out with a spicy Snickers bar in China based on this insight.

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Digital
Unpacking RBI's Quest to Have All Payment Data Stored Within India's National Boundaries

The central bank's data localisation mandate is a function of both its quest for legitimacy and the regulatory state. Both should be accounted for.


Digital
Microsoft's Digital Crime Unit busy catching cyber thugs in India ...

Microsoft has a digital crime unit which is working round-the-clock to check cyber crimes.


Digital
How will you pay in 10 years? Here's all you need to know

If there is one sector that has transformed immensely in the last few years, it is the digital payments industry. It has brought in efficiencies and provided a multiplatform approach to sectors like banking, utility, benefit and subsidy transfers, retail etc.


7 More Digital Stories

Facebook is featuring Live News Articles in India

Facebook in India is providing a live stream feature that lets you read articles before reading or sharing them. Amazing, right?



Cadbury Gifting



Franchise
Why raising funds can be easier than exiting a startup

Adding customers, scaling up, managing finances… the challenges are many for startups, but the toughest one is actually getting to an IPO that can give investors the returns they want


Franchise
Move Over, Uber: This little known media company is now the world's most valuable startup

Six-year-old Bytedance has surpassed Uber Technologies Inc. to become the worlds most valuable startup.


Franchise
GST likely to have 3-rate structure in future: Bibek Debroy

The current four-slab GST rate structure is likely to be reduced to three as the process of rationalising India's new indirect tax regime proceeds further


1 More Franchise Stories

How Reva founder Chetan Maini is trying to redefine the future of urban transport

Chetan Maini, who is trying to change the face of urban transport, made India's first electric car, Reva.



HR
IT services companies hike freshers' pay after half a decade

At least two of the top five companies of the $167 billion sector said they have increased pay for freshers as they see rising demand for young talent that could be trained on digital skills amid growing orders in emerging areas from global customers.


HR
Leadership isn't about individual brilliance

The best leaders are those who recognise their limitations and work to address these. In Kohli's case, these have nothing to do with his own cricket or the impact captaincy has had on it and everything to do with managing people and outthinking the opposition. The sooner he realises it, the sooner he will become the greatest cricket captain India has ever had.


HR
IIMB summer placements improve, Amazon hires 36

BENGALURU: Consulting,e-commerce and financial firms walked away with the lion's share of summer placements at Indian Institute of Management Bangalor.


1 More HR Stories

Gemalto CEO apologises for Aadhaar report

In the report, Gemalto had claimed that there were 945 breaches, leading to 4.5 billion data records being compromised worldwide in the first half of 2018. It further said out of the 4.5 billion, over 1 billion data records had been exposed in India. 



 IT Audit -26th Sept'18 , Mumbai

Today's TradeBriefs Cartoon

Logistics
India's first inland waterways shipment to start with PepsiCo on Tuesday

The project would enable commercial navigation of vessels with capacity of 1500-2,000 DWT


Logistics
Amazon, Flipkart likely to create 120000 new temporary jobs as festive season kicks in

Amazon India & Flipkart are likely to create 120,000 temporary jobs to service anticipated demand surge.


Logistics
Railways plans aircraft-like pressurised coaches for world's highest railway track in Leh

The Railways plans to use aircraft-like pressurised coaches in its trains for the Bilaspur-Manali-Leh line so that passengers do not have breathing difficulties on board.


14 More Logistics Stories

Cochin Shipyard embarks on biggest expansion with Rs 1,799-cr dry dock

Dual-purpose dry dock caters to high tech ships



Construction
India's first 3D printed house within a year

Startup Tvasta and Civil Engg Dept, IIT Madras, collaborate to develop it


Construction
India's construction equipment demand grows 24 pc in FY18: Assocham

The demand for construction equipment grew by 24 per cent in 2017-18 as against 13 per cent in 2015-16 on account of increase in infrastructure expenditure, says a study.


Construction
RK Studios has a new owner in Godrej Properties

The real estate development arm of Godrej Group is buying the 2.2-acre land parcel in Chembur, said three persons with direct knowledge of the develop..


8 More Construction Stories

India is building a high-tech sustainable city from scratch

In Andhra Pradesh, the local government has enlisted Norman Foster to help redesign the capital city, Amaravati.




Today's TradeBriefs Cartoon

Marketing
WPP's Grey buys Autumn Worldwide to amplify its digital footprint in India

Autumn Worldwide was founded in 2005 by Anusha Shetty and Abhay Rajankar as a brand consulting and advertising company


Marketing
To win India, you have to win culture; And culture can mean a lot of things: Times Bridge CEO Rishi Jaitly

Times Group's strategic investment arm Times Bridge is bringing a host of "internationally proven" internet businesses to India. CEO Rishi Jaitly breaks down what goes into its impact investing.Rishi ...


Marketing
India's first weightlifter-brand ambassador Satish endorses Dumbell fitness wear

Signing Commonwealth gold medal winner weightlifter Satish Kumar Sivalingam as its brand ambassador for its Dumbell brand fitness wear, 'A Square Garments' is set to take global the brand with a JV partner, said a top company official.


376 More Marketing Stories

Hyundai tops in after-sales customer satisfaction survey: Study

Hyundai, the country's second largest car seller, scored the highest 912 points in after-sales customer satisfaction survey, the JD Power 2018 India C..



Politics
RBI Governor To Brief Parliamentary Panel On Demonetisation For 3rd Time
RBI Governor To Brief Parliamentary Panel On Demonetisation For 3rd Time
A parliamentary panel, of which former Prime Minister Manmohan Singh is a member, has called RBI governor Urjit Patel for the third-time to brief it on the government's demonetisation move.


Politics
Rajiv Gandhi Had Dubbed Opposition Scorpion In 1984: Prakash Javadekar
Rajiv Gandhi Had Dubbed Opposition Scorpion In 1984: Prakash Javadekar
Union minister Prakash Javadekar Sunday said Congress leader Shashi Tharoor's remark on Prime Minister Narendra Modi and Shiv Linga reflected the party's mentality which had become evident when former prime minister Rajiv Gandhi dubbed the opposition a "scorpion" in 1984 polls.


Politics
BJP initiates door-to-door campaign to woo Muslim voters in West Bengal
BJP initiates door-to-door campaign to woo Muslim voters in West Bengal
Muslims in Bengal must realise that only the BJP can assure them development, said Ali Hossain, the president of the party's minority cell


14 More Politics Stories

Tracking India's macroeconomic data in run-up to Elections 2019
Tracking India's macroeconomic data in run-up to Elections 2019
Mint's new macroeconomic tracker for the Indian economy looks at all the high-frequency indicators to gauge the country's economic health




Sports
Dropped not rested: Selectors tell MS Dhoni his T20I career is over
Dropped not rested: Selectors tell MS Dhoni his T20I career is over
According to sources, selectors conveyed the decision to MS Dhoni through the team management that time has come to look beyond him in T20 Internationals.


Sports
India vs West Indies, 3rd ODI: West Indies beat India by 43 runs, level series 1-1
India vs West Indies, 3rd ODI: West Indies beat India by 43 runs, level series 1-1
Virat Kohli scored 107 but the rest of the Indian batsmen contributed precious little as West Indies beat the hosts by a convincing margin of 43 runs.


Sports
ISL 2018-19: The good, the bad and ugly on display as Goa's attack shines through against Pune
ISL 2018-19: The good, the bad and ugly on display as Goa's attack shines through against Pune
FC Goa's 4-2 win over Pune City was a mix of great attacking play and shoddy defences interspersed with moments of craziness...


33 More Sports Stories

AB de Villiers to play for Rangpur Riders in upcoming BPL 2018-19 season
AB de Villiers to play for Rangpur Riders in upcoming BPL 2018-19 season
Retired South African cricketer AB de Villiers will play for Rangpur Riders in the upcoming season of Bangladesh Premier League (BPL).



Entertainment
Julia Roberts Has Been a Movie Star for 30 Years--but Don't Let That Bother You
Julia Roberts Has Been a Movie Star for 30 Years--but Don't Let That Bother You
At 51, the forever A-lister is taking on one of her juiciest roles yet and knocking down all the old stereotypes


Entertainment
Pakistan's Supreme Court reimposes ban on Indian content
Pakistan's Supreme Court reimposes ban on Indian content
Pakistan's Supreme Court has reintroduced a ban on Indian films and television shows being broadcast on the country's local channels.


Entertainment
Rima Das receives Rs 1 crore from Assam government for Village Rockstars' Oscar promotions
Rima Das receives Rs 1 crore from Assam government for Village Rockstars' Oscar promotions
National Award-winning Assamese filmmaker Rima Das has received Rs 1 crore from her state government for the Oscar campaign of her film Village Rockstars, which is India's official entry to the 2019 Academy Awards.


14 More Entertainment Stories

Rami Malek on playing Freddie Mercury: Every part of me was terrified
Rami Malek on playing Freddie Mercury: Every part of me was terrified
Rami Malek admitted that initially he was feeling anxious about playing Freddie Mercury in the biopic Bohemian Rhapsody.




Work
There's a serious problem with how Indian startups are being funded
There's a serious problem with how Indian startups are being funded
Still, the number of new startups is picking up steam.


Work
RBS warns of 'uncertain economic outlook'
RBS warns of 'uncertain economic outlook'
The bank sets aside £100m for harder times as it announces a rise in third-quarter profits.


Work
Uber and Ola are hurting India's largest carmaker—but not the way you think
Uber and Ola are hurting India's largest carmaker—but not the way you think
Maruti Suzuki reported a 10% year-on-year decline in profits for the September Quarter.


10 More Work Stories

Mattel Sales Fall Despite Strong Showing From Barbie
Mattel Sales Fall Despite Strong Showing From Barbie
Mattel reported another drop in quarterly revenue, as strong gains in Barbie sales failed to offset weakness across the rest of the toy company's portfolio and the loss of business from Toys "R" Us.



Life
Why don't Chinese women want more children? One word: fear
Why don't Chinese women want more children? One word: fear
There is little prospect of a new baby boom now that couples are allowed two children.


Life
Read Sundar Pichai's response to sexual misconduct allegations against Google execs
Read Sundar Pichai's response to sexual misconduct allegations against Google execs
On the same day the search giant released its third-quarter earnings, The New York Times dropped a bombshell report.


Life
How a Bollywood star with no godfathers made it big with fresh ideas
How a Bollywood star with no godfathers made it big with fresh ideas
Andhadhun and Badhai Ho together are nearing Rs150 crores in box-office collections.


8 More Life Stories

How modern history was invented in India and China
How modern history was invented in India and China
History is an important—and contested—arena in both countries.




Retail
How no-cost EMIs are dramatically changing e-commerce landscape
How no-cost EMIs are dramatically changing e-commerce landscape
Nearly 20% of gross merchandise value is being financed by various credit card companies, banks and e-wallets


Retail
For Consumer Goods Makers, Cash-And-Carry Stores And Hypermarkets Are The Same
For Consumer Goods Makers, Cash-And-Carry Stores And Hypermarkets Are The Same
Discounts offered to cash-and-carry stores and hypermarkets are the same in India.


Retail
E-comm firms bleed red ink as increasing revenues are no match for soaring expenses
E-comm firms bleed red ink as increasing revenues are no match for soaring expenses
Even as their revenues skyrocket, Indian e-commerce firms continue to see their losses mounting.Flipkart, the largest homegrown e-commerce marketplace, witnessed a whopping 750 per cent increase in it


15 More Retail Stories

Indians spent over Rs 50k crore on Chinese phones in FY18
Indians spent over Rs 50k crore on Chinese phones in FY18
Consumers spent on just the top 4 Chinese brands, nearly twice what they spent last fiscal.



Telecom
India to have 650 mn smartphone users by 2022: EY

"By 2022, India is likely to transition to a Gigabit society where citizens and businesses will equally benefit from widespread fast-broadband, reliable performance delivered by robust future-proof fixed and mobile technologies," it said in a statement.


Telecom
Outlook for Bharti Airtel remains challenging as ARPU continues to decline

Heightened competition across customer segments, especially from Jio could translate into steepest industry ARPU fall in three years


Telecom
Best smartphones with 6GB of RAM under Rs. 25000 in India

Mid-range smartphones from Xiaomi, Honor, Asus and others have started offering flagship-grade components owing to cut-throat competition. These are the best smartphones with 6GB of RAM under Rs. 25,000


6 More Telecom Stories

Porn sites banned in India: After Jio, Airtel, Vodafone, Idea BSNL may block porn websites in India

Internet service providers (ISPs) have been ordered to block porn websites on their networks and after Reliance Jio banned adult content on its network, Airtel, Vodafone, Idea and BSNL may follow the lead.




Finance
Tensions between Patel-led RBI, government reach boiling point

Viral Acharya, deputy governor in charge of monetary policy, says the central bank has limited powers to discipline errant government-owned banks


Finance
IBC impact: M A deals worth $14.3 billion signed in 2 years

Post Insolvency and Bankruptcy Code, distressed M&A deals comprise 12% of all mergers and acquisitions in India, says Kroll's 'Spotlight Asia' report


Finance
State Bank of India to revamp credit policy for jewellery sector, tighten rules

It plans to lend a substantial part in the form of gold loans, instead of the customary cash credit against stocks — a move that could ensure better monitoring of the end-use of funds.


24 More Finance Stories

Trifecta looks overseas for its ₹750 crore second fund

Trifecta Fund II expects to achieve a first close of ₹250 crore by the end of 2019, says Trifecta Capital co-founder and managing partner Rahul Khanna



Food/FMCG
'Retail, FMCG and e-commerce sectors in India provide a vast scope of improvement throughout their value chains'

India is one of the world's fastest growing major economy with an increasing GDP. While the country's growth dipped in the immediate aftermath of demonetisation, it has recovered to surpass China and became the fastest growing economy globally…. Click Here To Download The Full Report


Food/FMCG
From plate to plough: A bigger share of consumer's rupee to farmers will be real tribute to Sardar Patel

The real homage to Patel would be to carry out structural reforms in agri-markets that can ensure a higher percentage of consumer's rupee going to farmers.


Food/FMCG
How global exposure is adding new colours to the Indian palette

For colour experts, India can be an unpredictable market.




Software
Infosys, Wipro, TCS and HCL hired over 32000 employees in Q2, IT slump nearing an end?

While TCS, which is the largest company in India in terms of market capitalisation, added 10,227 workers in Q2, Infosys hired 7,834 workers in this period. Wipro saw the highest hiring in Q2 at 10,687 employees, while HCL is said to have hired 3,754 employees.


Software
Noida-based Moglix the fastest growing Indian tech company: Deloitte India's Technology Fast 50 2018

The Deloitte Technology Fast 50 India program ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years.


Software
Cyber threat landscape is evolving rapidly, India needs to fill skill gap fast

As enterprises are opening up their IT infrastructure, the risk of a cyber attack increases


8 More Software Stories

Huawei plans India lab for enterprise play

The company is investing $23 million (Rs 168 crore) in two OpenLabs in India and Thailand. These are part of 20 such facilities it is setting up globally with a total investment of $200 million.



Ecommerce
E-comm firms bleed red ink as increasing revenues are no match for soaring expenses
E-comm firms bleed red ink as increasing revenues are no match for soaring expenses
Even as their revenues skyrocket, Indian e-commerce firms continue to see their losses mounting.Flipkart, the largest homegrown e-commerce marketplace, witnessed a whopping 750 per cent increase in it


Ecommerce
No end in sight for Ola, Uber driver stir

The Maharashtra Rajya Rashtriya Kamgar Sangh, which called the strike due to falling driver incomes, said it will continue the protest on Monday and until "demands are met".


Ecommerce
Flipkart told to stop selling products under MarQ label

Court direction comes on a trademark violation plea filed by a local firm. Flipkart says it has not received the order yet.


4 More Ecommerce Stories

ShopClues revenue up 46% to Rs 273 crore

The company had seen a flat growth last fiscal with total revenue rising only by 5% to Rs 188 crore in FY17.




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