Nov 30, 2016 - Indian finance hunting firms at our doors, says China-led Asian Infrastructure Investment Bank

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk What do elite VCs read every morning? Joe Jovde (of ramenprofitable.co) has surveyed the top VCs in Silicon Valley to find out what they read for work. The list includes expected blogs by Fred Wilson, Tom Tunguz and Mark Suster, but also Tim Urban's 'Wait but Why', a blog that helps you ingest serious information in a light-hearted way. If you are involved with startups/technology, check out the entire list here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Indian finance hunting firms at our doors, says China-led Asian Infrastructure Investment Bank India is the second largest stakeholder in the AIIB. The purpose of the agency is to support sustainable economic development of the economy of Asia through infrastructure investment. Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   Demonetisation: Month to go, bankers say 90-95 per cent money will return to system Bankers expect at least 90 per cent of the Rs 500 and Rs 1,000 notes to be deposited in the banks. RBI pressed into service to ease Rs500 note shortage RBI printing presses, which were printing Rs2000 notes so far, will start printing the new Rs500 notes from today Dharmendra Pradhan asks oil firms to make sure labourers get cashless payment Oil minister urged state-owned oil companies to make sure their private contractors executing projects directly credit wages of workers in their bank accounts LIC starts prepping to vote in Tata EGMs called for Cyrus Mistry ouster LIC is said to have started preparing background notes on Tata Sons’s firms where shareholder meetings have been called to oust Cyrus Mistry as director Emotion recognition start-up Entropik raises funds from angel investors With the funding, Entropik wants to ramp up its research and development efforts and get more customers on board Ever wondered what happens to demonetised currency? This time most of the newly demonetised currency notes will reach the yards of Western India Plywood (WIPL) on the banks of Valapattanam river in Kannur, Kerala, for pulping. Adaptive Indian economy will overcome note ban TV Narendran, managing director, Tata Steel felt that the fallout of demonetisation is more a postponement of demand than vanishing of demand. Associate banks' merger: SBI must understand the ABCD of customer retention SBI fears that depositors in associate banks who are used to communicating with officers in their mother tongue, in whichever corner of the country the branch is, may also leave. Affordplan raises Rs20 crore from Prime Venture, Kalaari Capital Affordplan will use the new funds to expand its team and enter new cities Will Flipkart markdowns hurt its fundraising prospects? A Morgan Stanley mutual fund slashed its estimate of Flipkart valuation to $5.54 billion—a fourth such markdown in nine months Government hooked onto hashtags for rural banking push RRBs are mostly sponsored by full-service banks at the backend, NPCI is talking to the banks to help their RRBs by sharing the technology with them. Demonetisation silently changing the way the country does financial transactions There is, of course, the struggle for cash, but the adoption of digital banking is accelerating, with the realisation that cash may no longer be the king. Demonetisation: With RBI 'rationing' cash, queues unlikely to shorten quickly Bankers have been making several trips to the central banks headquarters in Mumbai to get a sense of whether currency availability will improve. Catholic Syrian bank seeks nod for stake sale CSB which has a network of 430 branches, 240 ATMs across the country is being looked at as a vehicle to expand Watsa's presence in the Indian financial sector. Khazanah Nasional Berhad arm to sell stake in IDFC Bank Malaysian sovereign wealth arm has bought 8.97% stake in IDFC in March 2007 through a similar block deal incidentally also brokered by UBS on behalf of Swiss Finance Corporation. What are vanishing companies? The present laws are inadequate to deal with vanishing companies, say experts Cognizant to acquire Mirabeau BV to expand digital expertise Cognizant says Mirabeau’s acquisition will expand its digital business capabilities in the Netherlands and across Europe Digital payment firms cash in on India's money mess, but can it last? Digital payment providers have mobilised hundreds of extra workers to enrol small merchants and offered their services for free. Tata boardroom battle shouldn’t shake our confidence in the Tata trusts Because as a catalyst for civil society and increasingly a platform around which global funders are coalescing, the Tata trusts are playing a critical developmental role Telecom towers in India are getting a complete make-over The country's largest telecom tower company Indus Towers is all set to erect 500 new-generation towers across 50 cities in next one year. The Cash vs Digital Money: why going cashless is going to be tough in India At the end of a panel at “Startup India Standup India”, adequately named “Disruptive Power of Technology in Financial Inclusion”, the panelists, which included Paytm CEO Vijay Shekhar Sharma, Eko Founder and CEO Abhishek Sinha, and Ispirt’s Sharad Sharma, pledged to make India a cashless economy. Th Mobile internet is changing fast in India, but don't let vanity metrics mislead you Overall data penetration will grow more gradually by 2x to 600 million by 2020, reports Tech in Asia ASUS to manufacture Zenfone 3 Max in India The smartphone comes in two variants -- 5.5-inch (ZC553KL) and 5.2-inch (ZC520TL) -- and features 16MP/8MP and 13MP/5MP rear+front cameras, respective.. Priority Vendor uses cloud-based platform to optimize invoice discounting Priority Vendor’s cloud-based platform aims to optimize the cash discounting process between small and medium enterprise vendors and large enterprises (buyers) This is one load that transporters don't want India Inc to lighten Bal Malkit Singh, advisor and former president of All India Motor Transport Congress, said the road transport industry is losing revenue of Rs 4,500 crore every day. India Inc says business will take a hit due to demonetisation TV Narendran, managing director, Tata Steel felt that the fallout of demonetisation is more a postponement of demand than vanishing of demand. HUL slashes December ad budget as cautious consumers hold back An FMCG giant is halving its spends on TV commercials as shoppers are staying away, while trucks earlier fully laden, are seeing lower dispatches of goods by shippers Impossible To Transit To A Cashless Economy, Now Or In The Future: Adi Godrej From curbing black money, the government now says that the demonetisation drive is meant to speed up the shift to a cashless economy. Lok Capital leads Rs 45 cr investment in Jharkhand's dairy brand Osam Impact investment fund Lok Capital has led investment of Rs 45 crore ($6.7 million) in Ranchi-based HR Food Processing firm, which manufactures and markets dairy products under the brand 'Osam'.The Series B round of funding was led by Lok Capital FMCG giant streamlines logistics, cuts cost and carbon footprint Smooth supply-chain and logistics operations are critical to the success of an FMCG company. Here is how FMCG major RB India, manufacturer of popular brands like Dettol and Lyzol, streamlined its supply chain and logistics operations.  Hallmarking of gold and silver jewellery only voluntary: Government The setting up of A&H centres is a market driven activity which depends on the commercial viability as assessed by the entrepreneurs. Cash-hungry buyers cut down on ghee, cheese Cash-hungry buyers cut down on ghee, cheese - There are concerns on high-value items like ghee and cheese as a result of which consumers are likely to downgrade to smaller packs: Devendra Shah India can rule world lifestyle market Our artisanal products are well regarded in Europe. Export promotion councils should be revamped to leverage this potential Online bounty: 15 million Lenovo phones sold on Flipkart This helped Lenovo become the largest online seller of smartphones, accounting for a quarter of such sales. Is Measuring 'Consumer Annoyance' the Next Step in Online Ads? Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities -- get all the breaking news, right now. FreeCharge signs pan-India agreement with IOCL, BPCL and HPCL The list includes nearly 26,000 petrol pumps of IOCL, nearly 13,500 petrol pumps of HPCL and nearly 13,800 petrol pumps of BPCL. How to use Paytm and other e-wallets? It's easy, very easy How do you use an e-wallet? Is it really simple or difficult? What all do you need to use an e-wallet. Here is an explainer using Paytm, although other e-wallets, including MobiKwik and Freecharge, also work similarly. Croma targets Amazon, Flipkart with large stores Hindustan Times Consumer electronics is the largest category for e-commerce companies that have been clocking record sales. Flipkart sold 15.5 million units in its Big Billion Dollar Day sale between October 2 and 6, while Amazon reported a threefold rise in sales at ... Digital payment firms cash in on India's money mess, but can it last? Working out of a bustling market in the capital, he is surrounded by banks and ATM machines, but says he does not know how to use a credit card machin.. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief 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

Nov 29, 2016 - Tata Steel's UK revamp still on track

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk I spent 2.5 hours in traffic yesterday, trying to get back home from a meeting. And I am one of the lucky ones, as my office is only half an hour from my home and I usually set up my meetings in the middle of the day, so spending time is traffic is not a big problem. In the Uber, I tried to keep myself busy, reading emails, catching a nap, thinking about this editorial. And I glanced around at those driving around me, stuck in bumper-to-bumper traffic, just trying to get back home. And then there are those who work from home (May their tribe increase!). What is it really like to work from home? Yes, it's a real thing. Here are 6 uncommon lessons from a year of working from home. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Tata Steel’s UK revamp still on track Tata Steel’s September quarter results show an improvement in profitability, which it partially attributed to the exit from the long products business Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   PM Modi's cash shock seen tripping up India's accelerating economy Mamata Banerjee said his 'Mann ki Baat' radio programme was a "misuse" of the government machinery as it has now become 'Modi ki Baat'. Digital payment firms cash in on India's money mess, but can it last? Getting shops and customers to change their reliance on cash permanently will involve convincing people like Mohammad Javed, a 36-year-old meat shop owner in New Delhi. Sebi asks PVR to explain promoters' profit-sharing deal with PE investors PVR has received a show cause notice from Sebi alleging that MD Ajay Bijli and the multiplex have violated listing and disclosure norms Suzuki to invest Rs2,600 crore in Gujarat plant Suzuki Motor Gujarat will use the investment to set up a second assembly plant at the Mehsana factory and an engine and transmission unit Does stake sale plan signal end of the road for Niko Resources in India? Canadian firm Niko Resources’s decision to sell a 10% stake in D6 block of KG Basin raises questions about its future Ascent Capital exits education services firm People Combine Ascent Capital, which invested Rs88-90 crore in People Combine in 2012, sold its entire stake in the company around a week ago Demonetisation: Cash drought persists in metros; banks, ATMs in cities run dry as focus turns to rural India While the lack of new Rs 500 notes was very acute, bankers said currency supplies had improved from last week but not enough to meet customer requirements. Payments banks in uncharted territory The recently launched Airtel Payments Bank kicks off a new experiment in cashless, tech-based banking Banks to pitch financial products like insurance, pension schemes to Jan Dhan account holders The idea is to inculcate the transaction habit among accountholders and provide them basic financial cover, said a government official aware of deliberations. Get rural atms running on priority, orders RBI While in the urban areas, a lot of ATMs have already been recalibrated, people were still facing empty machines or the ones dispensing only Rs 2,000 notes. Helping India's farmers embrace a cashless economy The Indian Farmers Fertiliser Cooperative Limited (IFFCO), the world's largest fertilizer cooperative, has initiated a pan India outreach programme to educate farmers about the benefits of shifting towards cashless transactions. Venture debt comes of age in India, at long last Providers lend from ₹5 crore to ₹25 crore to start-ups and SMEs at 15-17% StanChart global lay-off to hit 40-50 banking staff in India Standard Chartered (StanChart) India the largest foreign lender in terms of branches has decided to reduce ten percent of its workforce from the corporate and institutional banking(CIB) division. In India, approximately 40-50 people could be asked Utkarsh MF gets RBI green light for small finance bank Incorporated in 2009, Utkarsh Micro Finance is among the top 10 micro finance company in the country with operations in 10 states. Ajay Kanwal, Standard Chartered’s Asean CEO, resigns over disclosure lapse Ajay Kanwal says some of his disclosures about investments in businesses outside the bank didn’t meet Standard Chartered’s ‘very high standards’ ICICI Bank to convert 100 villages into digital in 100 days Transformed into 'ICICI Digital Villages', villagers will be able to open bank accounts using Aadhar-based e-KYC. Can Indians shift away from physical assets? There is a traditional bias towards select physical assets, such as gold and real estate but with the fall in their prices for some time, investors may move to other assets Mumbai is no more the financial capital of India The Oxford Economics forecast for 2030 shows that Delhi and Mumbai will move further up the list. While Delhi is predicted to be at the 11th spot, Mumbai will be 14th. Where are Indians investing today? Real estate is a good investment option, but not by taking leverage because returns will remain low when compared to cost of funding Govt says may issue more market stabilisation bonds to drain excess cash The government will study an RBI proposal to increase the limit of market stabilisation scheme (MSS) bonds issued this year and will take a decision accordingly RBL Bank ties up with Bajaj finance for co-branded credit cards The co-branded cards are targeted at the large segment of people in metros and non-metros who have no credit cards. Only 25% entrepreneurs have a defined second line of management: Report The ASCENT-EY report looked at entrepreneurs’ readiness for scalable growth and the challenges they face RBI's diktat for retro CRR puts banks at risk of default If the central bank fails to issue clarification, banks would default on their CRR obligations, which would invite penalty from the regulator. After RBI measure, bond yield to move up: Bhaskar Panda, HDFC Bank “There will be some stress, but we are well prepared for it. I do not see any issue from our bank per se” Reliance Jio files complaint with CCI against telecoms Reliance Jio Infocomm is understood to have filed a complaint with the Competition Commission of India (CCI), accusing Bharti Airtel, Vodafone and Idea Cellular of acting as a cartel in the telecom market. Here's how Reliance Jio is adding nearly 1000 new customers a minute Mukesh Ambani-led Jio has made a user base of around 50 million subscribers as of November 26. Reliance Jio crosses 50 million subscribers in 83 days NEW DELHI: Mukesh Ambani's ambitious telecom service Reliance Jio has crossed 50 million subscriber base since its launch in early September, ramping up the number in 83 days. IT decentralistion driving up costs in Indian firms: Study Eighty-three per cent of respondents felt that the IT department should be responsible for driving innovation across the organisation. Google Pixel Phones Capture 10 Percent of Premium Smartphone Share in India in October: Counterpoint   MobiKwik's new Lite app will let you go cashless on any network, any phone in India Mobile wallet apps are cashing in on government's major demonetization push. India adds most mobile subscribers with 15 mn new users in Q3 2016: Report By 2019, 4G LTE could become the dominant "mobile access technology" connecting 4.6 billion subscriptions With India's UPI, who needs mobile wallets? Demonetisation is a very positive message to send not only to India but also outside India, to all those who watch this country closely. India added 240m phones/year build capacity in just one year Why hello there, new electronics-making superpower Vodafone cash infusion, 4G expansion fuel FDI in telecom to an all-time high At $7.2 billion, FDI inflow was the highest in October, when Vodafone invested Rs47,700 crore, or $7 billion, in its Indian unit, to cut debt and help expansion Facebook tests 'Express Wi-Fi' in India The social media giant says it is trying to provide an affordable internet service in the rural parts of the country. Microsoft's Surface Phone could come packing some powerful tech Leaks continue to drip out of Redmond about the supposedly forthcoming Microsoft Surface Phone, and the latest from the rumor mill suggests the specs of the Mobile companies seek 10-yr tax holiday, bat for components makers It aims to produce 50 crore mobile handsets annually in the country with value around Rs 1.5-3 lakh crore by 2019 Trai norms flouted in sale of VoIP minutes AHMEDABAD: The four-member committee of IPS officers headed by city police chief A K Singh, formed to probe the 'con call centre' racket, is probing how Telecom Regulatory Authority Of India (Trai) norms were violated in the sale of voice over internet protocol (VoIP) minutes to illegal call centres in the city. Telecom customer base shrinks to 1053 million in August State run Bharat Sanchar Nigam Limited (BSNL) recorded the highest number of wireless user additions in August, ahead Airtel. Peter England collaborates with Andhra weavers to launch handloom shirts Aditya Birla Fashion and Retail owned menswear brand Peter England will sell handloom shirts from its stores across India as part of a collaboration, Textiles Minister Smriti Irani said today. How Narendra Modi's demonetisation is weighing on sectors The ban on Rs 500 and Rs 1,000 notes has impacted a raft of sectors. Consumers have turned frugal, causing a sharp drop in demand for goods and services. National FMCG brands prefer M A route to south Fast moving consumer goods (FMCG) companies in the south are opening the door for investors. Merger and acquisition M&A) data in the segment during 2015-2016 shows FMCG entities from the north and west are acquiring more southern brands. Examples in Demonetisation Drive, GST to Impact Market in Short Term, Says HUL FMCG major Hindustan Unilever Ltd (HUL) on Monday said market growth would be 'More companies die of indigestion than of starvation' The importance of agility and adaptability cannot be overstated in today's environment, say business leaders at Ascent Conclave Teenagers drink a bathtub of sugary drinks a year! Children aged between 11 and 18-year-old consume three times more the recommended limit of sugar intake. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief 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