April 12, 2016 - Airtel gets payments bank licence from RBI

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk On the way to Mr Ambani's $1 billion home, one will pass maimed homeless boys begging at the traffic lights. While our techies work on some of the world's cutting edge problems, khap panchayats execute honour killings of boys and girls who fall in love outside their caste. India's diversity is mind-boggling in every possible way. How does a political party cut through this clutter to win elections - by using structures that have held us together for centuries (religion, caste, class, language). Unfortunately, these structures also divide us into polarized groups, leading to long-term societal damage. There IS a better alternative - development. It is broader than just anti-corruption (which proved to be an excellent election agenda in itself) and has the potential to unite rather than divide the electorate - Comment Digital Airtel gets payments bank licence from RBI Bharti Airtel (Airtel) on Monday said that its subsidiary Airtel M Commerce Services L Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds. Digital Uber CEO Travis Kalanick may soon start losing his sleep as global alliance just came online Getty ImagesLyft president John ZimmerUber CEO Travis Kalanick claims he's not losing sleep over the growing international alliance between his rivals, but Digital AskmeBazaar to foray into food delivery with AskmeFresh and medicines with Askme-Meds While AskmeFresh will be competing with the likes of Amazon-Now, BigBasket and PepperTap, Askme-Meds will compete with startups such as Pluss, 1mg and mChemist. Advt: The Power of a Great Digital Hospitality Experience A tsunami of game-changing digital disruptors has swept into the hospitality industry, raising the stakes in delivering the supreme guest experience. Join Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces, at Adobe Symposium to get insights into how Taj Hotels plan to bring alive experiences directly from each of their fantastic hotels to screens around the world with breathtaking velocity. Complimentary Registration (for TradeBriefs subscribers).   Digital Social discovery platform Living Local raises $200K in seed funding Mumbai-based Urbane Media Enterprise Pvt Ltd, which runs hyperlocal social discovery platform Living Local has raised $200,000 (around Rs 1.3 crore) in seed funding from Rattan Chadha, former CEO of Mexx Europe Holding. Indian-born Dutch businessman Chadha, whose full name is Kul Rattan Chadh Digital Silicon Valley’s Fenox VC enters India, looks to invest in tech startups You’ve been hearing the winter-is-coming refrain for some time now. And in India, an early sign of it is in the venture capital investment figures for the first quarter of 2016. They have fallen by 19 percent compared to the first quarter of 2015.   Digital DSG Consumer Partners makes first close of Fund II at $35 million Deepak Shahdadpuri-led investment firm DSG Consumer Partners (DSGCP) has made the first close of its second fund at $35 million. Retail Interim relief for Flipkart: Calcutta HC stays entry tax on West Bengal e-shipments After getting a stay from the Uttarakhand High Court over the issue of entry tax, Flipkart has sued the government of West Bengal over a similar issue. Retail CFTRI has cleared all samples of Maggi: Nestle Nestle said on Monday that the CFTRI has cleared all samples of its instant snack brand Maggi noodles, stating that all 29 samples tested by the research institute are clear. Retail How startup TravelKhana offers food of choice to railway passengers TravelKhana now has 1,200 vendors on its platform. Impressed with TravelKhana’s service, IRCTC, in a bid to improve overall passenger experience. Retail Reliance Retail CFO Hemant Kumar Ruia quits, joins Indus Towers Ruia brings 23 years of experience in various finance functions across diverse industries in various coveted organizations, the company said in a stat.. Telecom Bharti Airtel ends Reliance Jio's advantage with spectrum deals; becomes a pan-India 4G player The buy will also reduce Airtels uncertainty and need to bid aggressively in the airwave auctions slated for July, analysts said. Telecom Unified Payments Interface launched for next-gen mobile banking The payments interface is expected to bring about a significant shift in the way mobile banking transactions are conducted Telecom WhatsApp's encryption services are legal for now, but maybe not for long WhatsApp’s new encryption services are legal for now, but may not be for long WhatsApp introduced finish -to- today end encryption for several its solution Telecom Idea selects Nokia to provide 4G technology in 3 key circles According to a statement from Nokia, it will rollout LTE or 4G network of the country's third-largest mobile operator in Kerala, Finance RBS said to close down India business as it shrinks global assets The decision to close the India business is part of chief executive Ross McEwan’s strategy announced last year to operate in 13 countries, down from 38 Finance Are foreign banks' shrinking business a blessing for domestic companies? Eight senior Barclays employees recently joined IIFL and five more are likely to come on board in the next few weeks. Finance Raghuram Rajan says central bank holds 8 trillion rupees of government bonds Raghuram Rajan said central bank holds government bonds worth 8 trillion rupees ($120.54 billion) alongside record-high foreign exchange reserves. Finance CXOs under 40 in demand at start-ups Start-ups looking for experience matched with how well recruits will fit in, say leading executive search firms Software Local phone makers Samsung, Micromax demand parity : Unhappy with Gov't for giving an edge to Apple This years Budget has levied 29% customs duty on batteries, chargers, adapters, speakers and wired headsets that are imported by brands which manufacture in India. Software Sales of PCs see a slump for the sixth consecutive quarter Sales of personal computers slid for the sixth consecutive quarter at the start of 2016, falling to levels not seen since 2007, a market tracker said Monday. Software Gionee aims up to 8% smartphone market pie in India this fiscal Vohra further said India is the second largest market for Gionee after China and 25 per cent of the global money resources would be deployed in the country. Software IBM partners with Reliance Communications to provide cloud services Technology giant IBM has partnered Reliance Communications (Rcom) to provide a complete portfolio of cloud services to customers. Ecommerce AskmeBazaar to launch marketplaces for food delivery and medicines, to take on established online players in the grocery and pharmacy space While AskmeFresh will be competing with the likes of Amazon-Now, BigBasket and PepperTap, Askme-Meds will compete with startups such as Pluss, 1mg and.. Ecommerce Anil Kapoor invests an undisclosed amount in Indi.com; Indi.com allows individuals and companies to create and monetise content by sharing videos I believe in the ideal of Indi as a way of empowering the next generation of talented individuals to let their voices be heard,” Kapoor said. Ecommerce Sony to get around 20% of IPL ad revenue from mobile handset makers such as Vivo, Lava, Micromax Brands such as Oppo, Vivo, Lava, Micromax and LYF, in addition to advertising during the T20 league matches are also sponsors of six of the eight teams. Ecommerce Aadhaar card security caution: Ecommerce majors Flipkart, Amazon, ebay get UIDAI warning The Unique Identification Authority of India (UIDAI) on Monday cautioned e-commerce companies such e-bay, Flipkart, Amazon etc not to allow their merchants to collect Aadhaar information from general public for printing Aadhaar card. Franchise A round up of the best of the latest developments in franchising This Friday Franchising brings you the best of the new advancements in franchising, from international food trucks and cage-free eggs to quicker online ordering and hotel concerts. Click here to find out more! Franchise The secret to success as a multi-unit franchisee Click inside to learn more about the Factors to Consider Before Growing: Industry Stage, Bandwidth and Motive. HR Opportunities galore in India job market: Korn Ferry Hay Group There would continue to be opportunities for Indian job market for sure. But substitution of certain jobs by technology would mean that the role of labour and labour arbitrage is not that important... HR Appraisal time: Average hike of 12% likely; top talent to get 25% HR experts believe that more and more companies are planning a revamp of their appraisal systems, opting for a regular feedback based review systems. HR Boeing catches them young to scale up talent pool The firm, which aims to double sourcing from India, is looking at partnerships with institutions such as the IITs HR Most companies expect competition for talent to rise in 2016: Survey Most companies expect competition for talent to rise in 2016: Survey - The study incorporated views of both employers and employees on key workplace issues. Logistics Promoters plan to unlock value for DLF, sell their 40% stake in DLF Cyber City Development DCCDLs annual rent income is over Rs 2,500 crore. It means the rent yield (rent income divided by EV) for potential investors will be 6%. Logistics Private airlines ground staff hurt by glass shard at Bose International Airport at Kolkatta Private airlines ground staff hurt by glass shard Logistics Tiny But Growing, Singapore Air's India unit takes share, Vistara shows steady increase in market share In India, where air travelers often prioritize cost over frills, the Vistara unit of Singapore Airlines Ltd. and Tata Sons Ltd. was struggling so much to fill seats that it offered some free tickets to avoid flying empty planes. A year later, and passengers have warmed up to the inflight movies, meal options and new business-class lounge in New Delhi, filling up three of every four seats on its aircraft. While this has helped boost market share from zero to 2 percent, IndiGo remains the nation’s Logistics India is out, but Russia continues developing Il-214 Transport, a version of the Indo Russian Multi Transport Aircraft ( MTA) The first prototype of the Il-214 medium transport should be completed 'around 2020,' according to the Ilyushin design house. Construction L T subsidiary bags Rs 370 million orders from Oman firm The new order wins include engineering, procurement and construction of Saih Nahaydah Depletion Compression Phase-2 and Kauther Depletion Compression .. Construction Demand can improve for Cement in FY17: Report Cement companies have witnessed an average volume growth of 13 per cent y-o-y mainly led by new capacity and demand improvement Construction Housing finance cos exempted from XBRL filings by Government XBRL, or Extensible Business Reporting Language, provides a common, electronic format for business reporting Construction DLF promoters kick off divestment in rental arm Shares of the firm were trading at Rs 122.40 on BSE Marketing Learn to sell, with a smiley : Report People are prisoners of their phones,“ says a meme. “That's why they are called cell phones.“ Much has been written about our addiction to mobile phones, and most of that is read on mobile phones. In fact, the aforesaid meme would not have become popular had it not been circulated through cell phones. Marketing CMOs Drive Technology Decisions In Marketing : Report With the social media platforms gaining significance in the marketing strategies of the organizations, ‘customer-obsessed marketing’ is giving companies a new competitive edge. In the era of social media, customers demand personalized engagement from the brands.   Marketing Hyundai India sees growing challenges Among them are Infra cess, poor rural demand and diesel vehicle ban, says Rakesh Srivastava Politics How Jammu Kashmir's PDP-BJP Govt Turned Anupam Kher Into A Free Speech Martyr Who's afraid of Anupam Kher? The PDP-BJP led government in Jammu and Kashmir it seems. The authorities in Srinagar turned Kher back from the airport and refused to allow him to visit the students a Politics Does Tradition Trump The Constitution, Supreme Court Questions Sabarimala Temple Ban On Women NEW DELHI -- Three days after the Shani Shinganapur temple in Maharashtra was forced to revoke a centuries-old ban on women entering its inner sanctum, the Supreme Court has questioned why the Sabarim Politics Amarinder Is 'Punjab Da Captain' To Remind Voters Where Kejriwal Comes From It’s a sketch of a blue turban, a yellow inner turban prominently revealing itself through it. The background is white; there is no face. It’s the logo of 'Punjab da Captain', Prashant Kis Politics JNU May Rusticate Kanhaiya Kumar, Umar Khalid, Anirban Bhattacharya: Report Jawaharlal Nehru University (JNU) may rusticate its students Kanhaiya Kumar, Umar Khalid and Anirban Bhattacharya, who are out on bail after their arrest in February on charges of sedition. Two ot Sports Finch, Bravo lift Lions to victorious start Aaron Finch and Dwayne Bravo helped Gujarat Lions ease into the IPL with a thumping win against Kings XI Punjab in Mohali, the third one-sided affair of the season in three games Sports IPL 2016: No special plans to stop Virat Kohli, AB de Villiers or Chris Gayle, says Sunrisers Hyderabad coach Tom Moody On Yuvraj Singh's absence due to injury, Moody hoped the southpaw will be back in consideration for selection within a couple of weeks. Sports IPL 2016: My association with RCB special, Vijay Mallya chose me, says Virat Kohli Virat Kohli, who has been with RCB since eight years, remembered the former owner of the franchise Vijay Mallya. Sports Real Madrid hopeful of avoiding shocking elimination to Wolfsburg Real Madrid are third in La Liga and enjoyed a 4-0 win over Eibar on Saturday to close the gap with leaders Barcelona to four points. Entertainment ‘Star Wars’ actor Jake Lloyd diagnosed with schizophrenia Jake Lloyd has been reportedly diagnosed with schizophrenia and transferred to a psychiatric ward after spending nearly 10 months in jail. Entertainment Varun Dhawan turns superhero, to dub for Hindi version of Captain America: Civil War Varun Dhawan is all set to lend his voice to Chris Evans' Captain America in the Hindi version of the much-anticipated "Captain America: Civil War". Entertainment The Jungle Book earns Rs. 40.19 cr in three days of its release Disney’s live-action adventure, The Jungle Book directed by Jon Favreau, has collected a whopping Rs 40 crore in its opening weekend. Entertainment Shah Rukh Khan to Prince William and Kate Middleton: India is one of the most colourful and warmest nations you will ever visit In his crisp welcome address to Prince William and Kate Middleton, Shah Rukh Khan described India as one of the warmest and most colourful nations that the Royals will ever visit in their lives. TradeBriefs Publications are read by over 10,00,000 Industry Executives 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