Mar 31, 2016 - Motilal Oswal PE buys Jindal Power's stake in IEX

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Sree Vijaykumar From the Editor's Desk In April last year, 18,452 Indian villages did not have electricity. That number has now dropped to 12,100 as the government implements its electrification plan. The village of Hotasar in Rajasthan is one of the recent beneficiaries. A resident Akbar Pardeshi, has pooled money to buy a second-hand TV that the villagers plan to watch. They already have mobile phones and some are planning to buy refrigerators. Kids look forward to going back to school, as they can now read at night and perform better. Families of nomads who rotated between homes as the climate changed are now thinking of settling in one place, building brick and concrete homes for themselves. Such is the power of electrification! - Comment Motilal Oswal PE buys Jindal Power’s stake in IEX Established in 2008, IEX is India’s first power exchange providing an automated trading platform for electricity and renewable energy certificates Indian banking on alert after $81 million stolen from Bangladesh's central bank A high-level government official has communicated the security establishments concerns to RBI, urging the central bank to be cautious. Tiger Global slows down but VC funding remains vibrant Saif Partners, Tracxn Labs and Accel Partners emerge as the largest deal makers this year so far Investor rush to lock into high rates crashes computers at post offices Customers in various states, including Maharashtra, Delhi, Gujarat, Telangana, Himachal Pradesh and Madhya Pradesh, complained of computer downtime in post offices. Nippon Life Insurance raises stake in Reliance Life to 49% Japan's Nippon Life Insurance today increased stake in Reliance Life Insurance by another 23 per cent, taking its total holding to 49 per cent. Two Motilal Oswal Private Equity funds acquire 4.1% stake in Indian Energy Exchange for Rs 98 cr >India Business Excellence Fund - II and India Business Excellence Fund - IIA, funds managed and/or advised by Motilal Oswal Private Equity Investment Advisors Private Limited (MOPE), has acquired 4.1% stake in Indian Energy Exchange (IEX) from Jawaharlal Nehru Port Trust to raise Rs2,600 crore from DBS, SBI ICICI Bank, EXIM Bank, Deutsche Bank, Citibank had also given quotations for loan to be split in two tranches with 7.5 years and 10 years tenure State Bank of India opens first digital branch in North East State Bank of India opens first digital branch in North East - The new digital branch will more efficiency in banking and financial delivery mechanism. ASSOCHAM pleas equalization levy under Finance Act ASSOCHAM today suggested the government to introduce the equalization levy as part of Indian Income-tax Act itself and not as a separate chapter in the Finance Act. 5 years after split, Honda sets formidable challenge for Hero MotoCorp Honda has doubled its two-wheeler market share to 26%; Hero MotoCorp has seen its share slide 4.75 percentage points to 38.95% Digital India to contribute $1 trillion to the Indian economy: Ravi Shankar Prasad Digital India to contribute $1 trillion to the Indian economy: Ravi Shankar Prasad - He backed PM Modi's Digital India campaign and said that economy is likely to get a tremendous boost. Distressed India ignites passion of private equity firms A surge in bad loans to once-thriving and now defunct companies such as Kingfisher Airlines means there are plenty of turnaround plays to pick from Reliance Jio initial investment at Rs150,000 crore: Mukesh Ambani Mukesh Ambani says Jio will help India become among the top ten mobile broadband markets in the next few years, ending the country’s digital poverty RBI eases external commercial borrowing norms for infrastructure sector Central bank allows infra firms, NBFCs that lend to sector to raise ECBs with minimum maturity of 5 years Kstart partners IBM to foster startup ecosystem in India To collaborate in mentoring, networking, augmenting roadmaps for new ventures UTI AMC continues to push for IPO, plans to offload 26% stake UTI sponsors PNB and BoB support listing; SBI and LIC want UTI AMC to merge with their own mutual fund business Retailers feel consumers got no raw deal; brands claim sales on portals not driven by price-offs Several brick and mortar stores posted their highest same store sales in more than two years during the October-December quarter. Guidelines on e-commerce markets may save vendors from being arm twisted Small and medium sellers on e-commerce platforms said the latest guidelines will give marketplaces fewer opportunities to arm twist them. Huawei mulls single brand retail, local manufacturing Nehwal will also be seen on the company's online site, which will offer initial discounts to customers as it begins selling Honor smartphones, besides the Nexus series. Spice Mudra eyes 20K retail partners by September, starts insurance Spice Mudra has witnessed transactions worth Rs 600 crore in only six months, since its launch in October. Ecommerce FDI policy provides level-playing field: Retailers The decision to allow 100 per cent FDI in e-commerce market places shows government's clear intention to promote fair competition in the retail sector, the Retailers Association of India said. Amazon starts work on biggest campus outside US in Hyderabad Campus is also the firm's largest outside the US and marks Amazon's second significant investment in Telangana in a year Single brand retail: Panel to define state-of-art and cutting edge technology A committee set up by the DIPP will soon lay down the definition of these terms in black and white to avoid any confusion that could cause delay or abuse of the policy. FDI in e-commerce: Online discounts may continue, even with riders Nowhere do the new DIPP guidelines mention discounts or predatory pricing in order to maintain a level playing field Telecom Commission approves 112 as India's new emergency number Similar to ‘911’ in the United States and ‘999’ in the United Kingdom, Indian residents will soon be able to dial a common emergency number, ‘112’ for availing the services like ambulance, police and fire extinguisher. The inter-ministerial panel Telecom Commission has approved the proposal to have a single number for the four emergency services. The Snapchat brings voice and video calling with Chat 2.0 update Snapchat brings voice and video calling with Chat 2.0 update - New features also include chat stickers and an update to Stories. Lowdown on VoIP regulations at the IAMAI-Microsoft roundtable On Monday, Microsoft and Internet and Mobile Association of India (IAMAI) organized a roundtable to discuss regulations around VoIP services in India. The event was attended by officials from Department of Telecom, Cellular Operators Association of India (COAI), Microsoft and Vodafone among othe 'Make in India' critical for growth: Industry leaders According to J Janakraj, CEO Adani Australia, the 'Make in India' initiative was a good step as it gives a perspective of what is available in India t.. India's Telecom Tower Cos To Grow 10% By 2019 Telecom tower companies in India will post a revenue growth of about 10 percent over the next two years, as mobile operators are expanding their 3G and 4G footprint and will seek to lease more tower space, according to Moody’s Investors Service.   Vodafone moves ICJ over appointment of third arbitrator to resolve India's most high-profile tax dispute Dispute relates to Vodafone's acquisition of Hutchison Whampoa's 67% stake in Hutchison Essar. Government approval will soon let you make calls from WhatsApp to landline or mobile numbers Ahead of Reliance Jio’s 4G launch, a government panel has allowed VoIP interconnection. In other words, you will soon be able to place calls from services like WhatsApp to landline or mobile numbers. Indian telecommunications tower companies will see more M As over the next two to three years The Indian and Indonesian tower industries are the most developed in Asia. The sector should see continued growth, as mobile operators accelerate spending on .. MIT India Conference to build on 'Startup India' initiative These include from scaling startups and addressing the challenges early startups face to social endeavours and sustainability. Google parent Alphabet launches landline service, Fiber Phone The service, known as Fiber Phone, offers basic landline features including call waiting, caller identification, unlimited local and nationwide calling and 911 services at a price of $10 per month. Telecoms tower companies poised for ongoing growth in India and Indonesia: Moody's We expect continued growth in both markets as mobile operators, building out and strengthening their third- and fourth-generation (3G and 4G) footprints, will seek to lease tower space and sell more of their own towers, Nidhi Dhruv said. Flipkart crosses the landmark of 75 million registered users, first online retail marketplace to reach this milestone in a single country after USA and China February 2016 report by Morgan Stanley puts the number of online shoppers in India at 50 million Google opens up to outsourcing large chunks of non-core work : May become more rewarding for Indian firms Google has started becoming open-fisted with software services, thus presenting Indian IT a chance to add a lucrative client to their roster. Huawei mulls single brand retail and local manufacturing Nehwal will also be seen on the company's online site, which will offer initial discounts to customers as it begins selling Honor smartphones, besides the Nexus series. 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