Jan 18, 2016 - Sebi panel headed by NR Narayana Murthy proposes easier norms for VC, PE funds

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk Here is a well-summarized list of concrete steps from the government announced at the 'Start-Up India Stand Up India' meet on August 16. Apart from some obvious ones like easier regulation with respect to starting a company and shutting one, the ones that stood out were some of the investment announcements in fundamental research, which should help spur some local innovation and removal of clauses that prevented SMEs from bidding on government contracts. Some tax incentives have been thrown in there too. These developments are welcome as a first step. This article has quotes from various participants at the event. The ones that stood out the most are from Narendra Modi and Masayoshi Son (Softbank). Narendra Modi - 'The first and foremost thought is that the government shouldn't come in the way'. Masayoshi Son - 'Startup companies cannot take care of infrastructure. The government (needs to take of) electricity and mobile infrastructure - Comment Sebi panel headed by NR Narayana Murthy proposes easier norms for VC, PE funds As part of the tax proposals, the committee recommended introducing the securities transaction tax (STT) for private equity. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans IFMR launches Rs250 crore debt fund IFMR Investment is one of only two lenders in the country that have chosen the AIF route to launch debt funds for relatively young and unlisted companies Coal India stake sale may spill over to next fiscal Foreign investors have conveyed to the disinvestment department their reservations over CIL stake sale as the stock is already beaten down Postal Department to open 1,000 ATMs by March this year Regarding rural post offices, the official said all 130,000 post offices would be provided with solar powered, biometric hand-held devices by March 2017. Indulekha sold to Hindustan Unilever, Mosons Group in non-personal care initiative Mosons has received more than 1,500 inquiries for setting up of units and more than 3,000 inquiries for distribution from Kerala alone. MakeMyTrip under scanner for alleged tax evasion of Rs75 crore The DGCEI has registered a case against the online travel services provider for allegedly not depositing service tax it had collected from customers Iran sanctions lifted, India can import oil freely Mohammad Ehsani has just about had enough. A trader in Tehran's ancient Grand Bazaar, he doesn't think the lifting of international sanctions on Iran will benefit him at all. Government to fund banks if new bad loan norms erode capital State-run banks will get sufficient capital from the government and regulatory support from RBI if there is serious impairment to the book. SBI decides to go slow on using SDR The lender will invoke strategic debt restructuring only in cases where there is clarity on a buyer for the stressed assets After Start-up India launch, focus turns to implementation While measures announced at the event Saturday have enthused entrepreneurs, it remains to be seen how these policies take shape After financing 500 new entities, Sidbi all set to boost 'Startup India' Small Industries Development Bank of India (Sidbi), which has given financial support to over 500 new entities, today said it will further ramp up its capacity for Start-up India movement. Start-up investment in India to get capital gains tax exemption Prime Minister Narendra Modi's Startup India initiative has evoked much interest and expectations from stakeholders. Govt to lower long-term capital gains tax to boost start-ups: FM Jaitley Govt to lower long-term capital gains tax to boost start-ups: FM Jaitley - Hasmukh Adhia said the Budget next month will address the anomaly of venture capital funds in unlisted companies attracting a long-term capital gains of 20% compared with nil for investment in listed equities. Quadria to invest in Concord Biotech Private equity fund set to pump in `500 crore for a 20% stake in biotech firm; deal likely to close by month-end Payment companies await a digital push from Narendra Modi government Payments companies are hopeful that‘Startup India Standup India initiative for the startup sector will help consumers migrate to a cashless system of payment. Startup India: Budget 2016 will see friendly tax regime, says Arun Jaitley Jaitley assured the startups that both the banking system and the government will make the resources available to them. Government may lower long-term capital gain tax for unlisted companies India will revise its long-term capital gains tax structure for venture capital investments in the budget for the coming financial year, revenue secretary Hasmukh Adhia told a conference on start-up businesses on Saturday. India to revise long term capital gain tax on venture investment India will revise its long-term capital gains tax structure for venture capital investments in the budget for the coming financial year. India's finance minister says will help bankers lend more Full text of Finance Minister Arun Jaitley's speech at Start-Up India initiative launch - This is the full text of Finance Minister Arun Jaitley's opening speech at Start-Up India program.  Can Rajan do a TN Seshan-style cleansing of Indian banking sector? Two things need to happen if the government wants to be supportive, 1) Rajan may need a second term, 2) Systemic changes should go on. TPG Capital, Partners Capital remain in race to acquire ICICI Home Finance An ICICI Bank spokesperson confirmed receiving inquiries from interested parties and said the bank has not made any decision to sell its stake. Hypermarkets shrink on online pressure, smaller sized stores make more financial sense Hypermarkets and departmental stores are no longer going to be mega-sized outlets. With shoppers going online for a host of items or preferring to buy at specialised stores, retailers have no option but to rein in costs. Company restructuring: Walmart closing 269 stores, of which 115 in Latin America Luxemburger Wort - US retailing giant Walmart announced Friday it is shuttering 269 stores to strengthen its largest stores. Ahujasons eyeing Rs 200 crore sales, to launch summer collection Ahujasons sells its high-end luxury products under Prive brand priced between Rs 5,000 to Rs 15 lakh. 'Marketplace Definition, a Work in Progress' 'Marketplace Definition, a Work in Progress'RAI along with All India Footwear Manufacturers and Retailers Association moved the Delhi High Court arguing that online retail companies have been given undue advantage by allowing them access to FDI through, which they are able to provide deep ...sp; Flipkart says We are eager but Indian markets not yet ready for large internet listing The co-founder of Flipkart, India's biggest e-commerce company, said on Saturday that the country's stock markets were not yet ready for a large Internet listing. Online marketplace emerging as a hub for smuggled and counterfeit products: Study E-commerce business might be a hot sector among investors, but the online market place might be emerging as a hub for counterfeiting and smuggling activities. Yepme launches its first brick and mortar store in Delhi/NCR Customers can touch and feel the products, try them on to understand their best fit and buy them from the store or online and get them delivered. Reliance Jio LYF Earth 1 4G enabled smartphone launched in India Along with the announcement of its 4G services, Reliance Retail also announced a slew of 4G enabled handsets and the LYF Earth 1 is one of them. Internet users count in India may reach 50 cr in 5-8 months: Ravi Shankar Prasad The number of Internet users in the country is expected to go up to 50 crore, from the present over 40 crore, in next 5-8 months, Telecom Minister Ravi Shankar Prasad said today. Mobile broadband biz key areas of focus for Ericsson in 2016 Ericsson’s mobile broadband business and Operating and Business Support Systems (OSS/B SoftBank says Startup campaign is Big Bang for India; may scale up its planned $10 bn investment Japan-based SoftBank may scale up its planned investment of $10 billion in the coming years. India's m-commerce landscape in 2016: hyperlocal and growing fast As 2016 begins, mobile commerce in India is undergoing an exciting transition. The country has seen an impressive rise in everyday commerce conducted via mobile devices. A market report released last year by consulting firm Zinnov estimated that India’s market for mobile commerce was worth $2 billion in 2014 and is estimated to grow up to $19 billion by 2019. In fact, India is now one of the top five regions for the Google Play store, as more of its 1.2+ billion people look to search, interact, and shop on the go via their smartphones and other mobile devices. WeWork contemplates entering Indian market: Adam Neumann WeWork is a four-year-old company that provides shared workspaces largely to start-up companies without owning the properties itself. What Indian startups need to do to ensure they grow and prosper Simplified tax structure, easy compliance process and single window system are some of the issues that startups expect to be addressed through the much-awaited ‘Startup India’ policy to be uveiled by TRAI received only 21 comments countering Net neutrality The Telecom Regulatory Authority of India invited public comments to firm up its views over services that lead to differential pricing of data. Reliance Jio to go for limited 4G launch in days; LYF phones coming next week Reliance Jio is not planning a big bang, all-at-once launch of its 4G commercial service, but will introduce it to the public in stages starting as early as the end of this month, a mid-level executive with the company revealed. “We’ve been told to work for a limited launch this month,” said the marketing executive. It should be kept in mind that the target may have been given to mid-level managers for motivating them and may not be a final one. Another source, a distributor, has indicated that the launch will happen in February, or at most, by Mar 1. But he was talking about open sale of SIM cards, not a limited launch. Feedback from the ground indicates a Why it is important to allow FDI in B2C E-commerce to support Make in India programme The New Indian Express Retail has been undergoing a massive transformation in India in last two decades. The last decade saw mushrooming of shopping malls and modern trade. And in last few years e-commerce has seen a steep growth and acceptability across the consumers. Indian e-tailers must rethink deep discount model: Nikesh Arora, SoftBank The COO of the Japan-based telecom and Internet giant said that 2015 witnessed huge funding going into start-ups, but it also saw firms being wiped out. 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