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Tuesday, March 01, 2016

Mar 1, 2016 - PSB merger a step closer with government stake cut plan

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
In this detailed blog, Hubspot co-founder Brian Halligan talks about how his company broke away from the startup phase to the scale-up phase using the Mary-MOFU-Monetization playbook, which essentially focused on a single persona (Mary) as opposed to multiple customer personas, Middle Of The Funnel (MOFU) tools to move leads along and thinking along various pricing axes and incentivising sales personnel with retention in mind. An understanding of the core problem (retention), with corresponding measures to fix it helped Hubspot put in place processes that are producing dividends to this day - Comment

PSB merger a step closer with government stake cut plan

FM has set the ball rolling on consolidation of unwieldy and economically weak state-run banks even as he kept the door open for lowering stake in them below 50%.





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TCPSL, with its footprint in the country's interiors, hopes to cash in on this requirement and make its payments business more profitable.



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The government has missed its divestment target 16 times in the last 25 years, even missing its revised target of `30,000 crore in fiscal 2016



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If the budget pans out the way the govt wants it to, consumption and investment will get a fillip, without deviation from the commitment to work towards a fiscal deficit target



Government to announce PSBs' consolidation plan; to infuse Rs 25,000 crore

Government will unveil a roadmap for consolidation of public sector banks (PSBs) which are expected to get an infusion of Rs 25,000 crore next fiscal.



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RCom and Aircel will each transfer Rs 14,000 crore of debt to their wireless company instead of Rs 10,000 crore each.



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Indian villages ban single women from owning "distracting" mobile phones

Several villages in the western Indian state of Gujarat have banned girls and single women from owning mobile phones, saying the devices distract them from their studies.



Budget 2016: Here's the list of what's cheaper what's dearer

(From PTI) Cars, locally made mobiles, branded garments, air travel, aerated drinks, cigarettes and smart watches are the among items that will be costlier while footwear, solar lamps and routers a…



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On one hand the industry would take a sigh of relief as this would render such transactions outside the purview of VAT however, on the other hand levy of Service tax would result in significant blockage of funds in credits. ..



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As per the guidelines issued by Government of India, foreigners on tourist visas are not allowed to carry satellite phones to India.



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Vodafone Group will be “continuing to seek resolution of this matter through international arbitration,” the UK telecom major said in a statement.



Budget 2016: Technology initiatives to boost Digital India drive

Finance Minister Arun Jaitley’s second Budget 2016-17 offers special incentives to Prime Minister Narendra Modi’s main projects including Make In India. Spectrum trading deal will become costly for telecoms since the Budget 2016 proposed 14 percent tax on spectrum trading deals. Government said the right to use the radio-frequency spectrum and its subsequent transfers will



Intex set to enter Spanish market with 3G, 4G smartphones

Intex plans to launch its new wearable FitRist in April this year and launch a host of 3G and 4G LTE smartphones in the middle of 2016.


 

Budget 2016: IT, telecom, mobile phone makers want Make in India boost from Narendra Modi govt

IT and telecom hardware makers expect the PM Narendra Modi led NDA government to extend differential duty structure on mobile phones for 10 years while bringing personal computers under the regime to give a boost to domestic manufacturing in the Union Budget 2016 to be announced in Parliament on Monday by FM Arun Jaitley. Make in India is a pet initiative of PM Narendra Modi to encourage domestic and foreign companies to manufacture in India and various industries are hoping to piggyback on this concept for future gain - it was launched in September 2014.



India's $4 Freedom 251 Smartphone Is Probably Too Good To Be True

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IAMAI welcomes proposal for Amendment of Companies Act to register startups in one day, step towards ease of doing business in India

IAMAI said that that the proposal for Amendment of Companies Act to register startups in one day is a welcome move, and it is a step towards ease of doing business in India.


US based Healthcare firm accused of giving contract to Wipro and trying to replace American jobs

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Software majors hail SEZ scheme extension, digital plans

Software majors TCS and Wipro on Monday lauded Finance Minister Arun Jaitley for extending tax benefit to export units under the Special Economic Zone (SEZ) scheme till 2020 and the government's Digital India plans in his budget for 2016-17.



Nasscom says that the Budget 2016 is a mixed bag for IT and start-ups

On the Start-up India action plan the government unveiled in mid-January, it said caveats could be a dampener and more needed to be done to promote the nascent sector.



Samsung to mass produce UFS 2.0 memory chips for high-end smartphones

Xiaomi announced the Mi 5 at a media briefing at the Mobile World Congress in Barcelona as well as in Beijing. Post the event we had a chance to play around with the device and here are our first impressions.



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