Feb 25, 2016 - Government may auction stake in ITC and L&T to achieve divestment target

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Sree Vijaykumar From the Editor's Desk In this age of unicorns and hyper-growth startups, here's to the small business that does not want to grow 100% every quarter. You are profitable and not burning somebody else's money. You know each customer by name and understand exactly how they want your service. You work hard towards revenues and profits, not downloads or GMV. You are the neighbourhood restaurant, you are the tax consultant who knows his customer's spending habits, you are the parts manufacturer who always gets the job done for his clients. So what if you have no ambitions to open 100 outlets. You don't make the headlines, but you are the backbone of India. Here's to the SME, that deserves to be the true beneficiary of the Startup India programme! - Comment Government may auction stake in ITC and L&T to achieve divestment target A successful execution of the ITC-L&T stake sale plan could help the government hit the Rs 50,000-crore mark for disinvestment receipts. Advt: Vivafit is the European leader in women-only fitness Mission is to help women lead healthier lifestyles through exercise & nutrition. As part of it's expansion plan, Vivafit is seeking to appoint franchisee partners in all major cities & town Bs in South India.   Infosys raises CEO Vishal Sikka’s annual salary to $11 million, hands out more stock options This marks the strongest show of faith till date by Infy's board in the former SAP execs ability to restore its former standing as India's IT bellwether. House panel raps RBI, banks for mishandling sticky loans situation A parliamentary panel has pulled up the RBI and banks for the bad loans situation, expressing unhappiness over the way the two had managed the problem. Public sector banks CEOs take NPAs head on Its a principle Indias new bank chiefs have adopted with enthusiasm, though it must be said this should also be ascribed Rajans zealous pursuit. Be wary of shortcuts that pretend to assess a stock’s value Extending working capital cycle can help show high Ebitda margins but may deteriorate cash flows RBI warns banks on asset sales Concerns arise of promoters using shell entities to buy back assets seized by banks at much lower prices SME sector seeks open rules, institutional finance More institutional funding at cheaper rates for micro, small and medium enterprises (MSMEs), easing up of inspector raj and interest rebate are some of the key areas, which experts believe, should be considered in the Union Budget to propel the growth of the MSME sector. NoBroker raises $10 million in Series B funding NoBroker will use the funding to strengthen its technology team, enhance product offering and grow its customer base NTPC’s Rs5,000 crore offering subscribed 1.53 times Of the total 82.45 million shares on offer, retail investors placed bids for 36.36 million shares All’s not well with the health of start-up founders They avoid using words like depression, anxiety and insomnia, but admit to enduring unspeakable stress RBI rejects bids at treasury bill auctions over high yield levels The Reserve Bank of India rejects all bids at an auction of 91-day treasury bills and 182-day bills, where Rs14,000 crore worth of securities were up for sale Suresh Prabhu’s task today: Balancing fiscal math, expectations Strapped by seventh pay panel payouts, declining freight volumes, railways still expected to step up investment Will Ashok Leyland’s valuation improve with budget sops? The Street seems to be betting that the government may announce incentives for scrapping old trucks. Will this trigger a rally in the Ashok Leyland stock? How India can fend off China's rahu effect on economy and ketu effect on FII flow Earnings revival is likely to be slow and gradual but should happen by adequate liquidity, lower interest rates, good monsoon and increased government spending. Ibibo to raise $250 million from Naspers Naspers Group CEO Bob van Dijk says Indian online travel segment offers group growth prospects 200 Snapdeal employees head for exit after notice from company Staffers said that even though Snapdeal had been asking people to leave since April 2015, this was the first time it was doing so before performance appraisals. Investors head to enterprise-focused ecommerce firms for profit Investors tiring of consumer-focused online marketplaces bleeding on discounts have zeroed in on enterprise-focused online marketplaces. D-Mart to raise Rs 600 cr via NCDs The 16-year-old supermarket chain is also looking to borrow funds to fuel its growth Loyalty Program Changes Positive for Starbucks Morningstar.comAlthough it is already the leading specialty coffee retailer in the United States, we believe Starbucks still has meaningful domestic growth potential via new store formats (smaller-format express stores, drive-thrus, beverage trucks, and square ...sp; Prices of polished diamond rise 4-5% amid shortage “It is good for the manufacturing industry," but rising prices can affect the retail demand for diamond in India,” MD of Asian Star Company said. Working on mega sale of airwaves by July: Telecom Secretary JS Deepak Telecom Secretary JS Deepak said the govt is working towards a mega sale of 2G, 3G and 4G airwaves by June-July and would a take a call next mnth on the starting prices of 7 bands. Government to Take Stand on VoIP Calls After Trai Recommendations This statement comes a month after Trai this month issued a regulation which bars telecom operators from levying discriminatory tariffs based on content and service accessed using internet. TRAI moots Aadhaar-linked eKYC for new mobile connections For buying a new SIM, one usually needs a valid Photo ID card. Usually the telecom companies accept PAN card, Driving License, Election card, Passport or Aadhar Apple poised for big India push, but which phones will it flog? The iPhone 6, which is the reason for Apple's last phenomenal earnings result in both the US and China, is simply too expensive for Indians Cheap phone a disaster for 'Make in India' Since he announced the launch of a mobile phone for Rs 251, Goel has faced widespread scepticism, along with visits by police and income tax officials. Villages in India ban mobile phones for girls and young women Phones 'distract' females from housework and their families, say patriarchal village councils. Hotels like Oberoi Group, Hyatt and others ramp up direct sales to compete with online travel companies Hotel chains are aggressively trying to wrestle bookings back from online travel agencies with smoother systems and more compelling promotional offers. NoBroker.com raises $10 million in Series B funding led by Beenext and Digital Garage along with Beenos, Qualgro and Mamoru Taniya of Asuka Holdings Bangalore-based NoBroker Technologies Solutions Pvt Ltd, which runs a peer-to-peer property listings business for renting homes under NoBroker.com, has raised $10 million in Series B funding. Loanzen, a peer to peer business loan marketplace startup, raises an undisclosed seed funding from Angels through TracxnSyndicate Peer to peer business loan marketplace startup, Loanzen, has raised an undisclosed seed funding from Angels through TracxnSyndicate. Personalised fashion e-commerce aggregator Voonik Technologies acqui-hires Bangalore-based personal shopping site Getsty Personalised fashion e-commerce aggregator Voonik Technologies Pvt Ltd has acqui-hired Bangalore-based personal shopping site, Getsty. Jabong parts ways with creative AoR Bang In The Middle; Sources claim that a souring relationship between both parties lead to the separation Sources claim that a souring relationship between both parties lead to the separation Snapdeal employees fear job cuts as the company plans to outsource customer support duties Online marketplace Snapdeal faced protests from employees at its contact centre on Wednesday. The employees alleged that the company was looking to outsource customer support duties and cut jobs. Cadillac is reinventing this important piece of automotive technology CadillacThe Cadillac CT6's new fully-digital rear view mirror.At this year's CES show, several automakers set their sights on one essential in-car item: the Infosys extends CEO Vishal Sikka’s tenure and raises annual salary to $11 million with more stock options This marks the strongest show of faith till date by Infy's board in the former SAP execs ability to restore its former standing as India's IT bellwether. Online food ordering firm Foodpanda changes India strategy in a revival bid Foodpanda looks to outsource delivery as well as start its own kitchen as it seeks to bolster its local business Worldwide wearables market jumps 171.6% in 2015, says IDC Research firm IDC has said that the worldwide wearable device market more than doubled to 27.4 million units in the fourth quarter of 2015. Facebook launches new feature to help the 'like' button in expressing emotions The Like button is about to get some company. Facebook will start making ``haha,'' ``angry'' and three other responses available in the U.S. and the rest of the world. Google and TechHub announce global partnership to boost 'Startup India' initiative How smartphone ads can put users' personal data at risk? Personal information of smartphone users is at risk due to in-app advertising that can leak potentially sensitive user information between ad networks and mobile apps. BlackBerry moves deeper into services : Buys UK-based cyber security consultancy BlackBerry said on Wednesday that it has acquired U.K.-based cyber security consultancy Encription, moving the company deeper into the services business as it continues to morph into a more software-focused entity amid its ongoing turnaround. Local IT hardware sector can generate 4 lakh jobs, says study The total estimated jobs include 1 lakh direct employment and 3 lakh jobs in component manufacturing over the next five years, the study noted. Simplilearn ties up with Tableau to train 200,000 data scientists by 2020 The partnership is aimed at getting people trained data science and analytics through instructor-led training, e-learning, and industry projects. 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