The government's decision to grant two-year moratorium on spectrum payments to telecom companies will provide near-term cash flow relief, especially to Vodafone Idea, but the move by itself may not be enough to address leverage concerns of the troubled telcos, leading analysts said."We await clarity on whether this is the extent of relief that the government is willing to offer or whether there could be more measures forthcoming," Citi said in its latest report.It said that while the deferment of spectrum auction payments for two years, that is 2020-21 and 2021-22, will offer some much-needed cash flow relief, particularly to Vodafone Idea, that "by itself may not be sufficient to address leverage concerns of the companies".Close Credit Suisse in its report on Thursday said that while deferment of spectrum auction payment is in line with its expectations, "no decision on license fees reduction is clearly negative". related news Bank unions to stage dharna before Parliament … [Read more...] about Part relief for telcos from 2-year spectrum moratorium but more measures needed: Analysts
David cleall credit suisse
“Hey, Stud,” beckons type printed on a wall as I stepped into Studs, the new piercing studio in New York’s Nolita district. I was there to check out the new store, jewelry collection, and to get my cartilage pierced, and was cheerfully greeted by co-founders Anna Harman and Lisa Bubbers, who had piercings of their own sparkling daintily across their ears. advertisement advertisement A store associate asked if I’d like a water or Recess (the CBD-infused sparkling water), and I passed the neon-backdropped “Ear Bar” to sit down with the co-founders on silver stools to talk about how the concept came to be. Harman explained that the experience of getting piercings at a tattoo shop last year left her wanting more: It was expensive, and the jewelry choice was limited. The alternatives didn’t seem great either; there was the mall staple Claire’s, or expensive boutique jewelers. I could relate: This wasn’t my first piercing, but … [Read more...] about I got pierced at Studs, the startup that wants to be Claire’s for Gen-Z
With banks increasingly facing the problem of bad loans, what can help them distinguish between good borrowers and bad ones? This is where the RBI’s Public Credit Registry or PCR comes in.The proposed repository of financial data will contain information about all borrowers. Sakshi Batra talks to Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to find out why this is an important step, what the implications are and the challenges in implementing this.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about [email protected] | Why is RBI’s public credit registry important?
While a debate is going on whether the RBI should do more to ease credit to MSMEs, officials said the central bank has provided special training to nearly 11,000 officers at various commercial banks on lending to micro, small and medium enterprises. This training has been provided to officers working at nearly 3,000 bank branches covering all districts in India through more than 2,000 special workshops in the last three years, officials said.These are mostly specialised bank branches catering to the MSME sector where this multi-level training has been provided, covering branch managers, senior officers and even faculty members of staff colleges who can further pass on the training to the bank employees.Most importantly, the training exercise was executed in consultation with the government, including with the active involvement of the MSME ministry and the RBI's objective has been to create a conducive environment to help these small entrepreneurs and companies avail easy and faster … [Read more...] about RBI trains 11,000 bank officers on MSME credit, nearly 3,000 branches covered
Apple has its credit card; Uber has its Uber Money for its network of drivers and delivery agents; Facebook and Amazon both launched payment platforms. So, it was really only a matter of time before Google jumped into the financial services business. After all, at a time when profits in the tech-dominated space is slowing down, companies are looking at diversifying their portfolios to buffer losses and accelerate growth.According to Google spokesman, Craig Ewer, the company wants to help banks’ customers “benefit from useful insights and budgeting tools”. It will initially focus on mobile-first users, but the specifics of the offerings are still being worked out.Rather than opt for a banking charter, which would put it in the path of regulatory norms directly, Google is piggybacking on bank partners like Citibank and Stanford Federal Credit Union to hold and manage customers’ accounts. Stanford Federal Credit Union plans to offer co-branded accounts, with Google … [Read more...] about Google’s next big bet is on banking: ties up with Citibank and Stanford Federal Credit Union