Feb 4, 2016 - JSW Energy close to buying majority stake in Monnet Power

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Sree Vijaykumar From the Editor's Desk In this wonderfully geeky piece, SS Aiyar of ET dissects Delhi's pollution problem and suggests a solution that could convert the fine dust that pollutes our cities into construction material. The bulk of the pollution problem in Delhi (and many of India's cities) is not vehicular pollution, but fine dust. Western countries use landscaping and 'dust collectors' to suck up excess fine dust. The problem then is of dumping this dust, which is where technology that can convert this dust into sand, to be used for construction can come handy. We need more of such 'out of the box' thinking to solve India's problems - Comment JSW Energy close to buying majority stake in Monnet Power Lenders to Monnet Ispat Energy invoked SDR norms to convert part of the firm’s debt into majority equity Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Dr Mohan’s Diabetes chain looks to raise Rs100 crore from PE funds The move comes amid growing appetite of private equity investors for niche sub-sectors within the larger healthcare industry Heirs of some of India's biggest tycoons are charting their own entrepreneurial path Heirs of some of Indias biggest tycoons are not joining the family businesses yet. They prefer to first chart their own entrepreneurial path. Temasek arm expects to build Rs 6000 crore mortgage book in India The new company has started with 20 branches in seven states, namely Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Bengal. RBS scraps sale process for $2.8-bn India banking biz RBS will now consider other options, which may include winding down remaining Indian operations or selling individual parts of the business Foreign venture capital funds get RBI booster Share on FacebookShare on Twitter 3 February, 2016, New Delhi: India is emerging as a global startup hub and Reserve Bank of India (RBI) has realised the potential of this industry. In order to take this business to a next level, RBI on Tuesday stated that it is planning to ease few restrictions for startups. ... Ajit Pawar among 44 politicos barred from co-op bank polls The action triggered political uproar as the Opposition called the ordinance biased while some leaders moved court against the ordinance. Bandhan Bank garners Rs 7,000 crore deposits Bandhan Bank, which started commercial operations in August last year, has so far garnered deposits worth Rs 7,000 crore, a top official said today. DLF gears up for promoters’ stake sale in commercial office portfolio Funds from the stake sale will be pumped into DLF to cut debt on its residential or development portfolio SBI Life may not go public in next two years BI Life Insurance Company is unlikely to go public before the next couple of years while SBI's proposed 10% sell stake to the overseas partner BNP Paribas Cardif. Government to infuse about Rs 5,000 crore in PSU banks this quarter Funds would be infused after Parliament approves third Supplementary Demand for Grants in the upcoming Budget session. GlobalLogic to set up innovation hubs in India for healthcare, banking GlobalLogic, a provider of outsourced product development (OPD) services, plans to expand its operations in India, with the rise in demand for research and development (R&D) services in areas like healthcare, communications and banking. Founded in Deregulated industries to get coal supply through auction The move will improve transparency, expand users’ access to the fuel and make supplies less worrisome Alibaba looks to buy stake in Flipkart Deal depends on Flipkart’s willingness to offer a discount on its current valuation of $15 billion; Alibaba is also in talks with Snapdeal Swiss private equity investor Partners Group to bet up to $1 billion on India over 3-5 years After deploying $800 mn across three asset classes of PE, real estate and infrastructure, Partners sees this as an opportune time to step up its PE practice. Mutual funds back to launching equity schemes with lock-ins Mutual funds are back to launching equity schemes with lock-ins after a gap of almost a year as the stock market sees sharp erosion in value. Relaxations to start-ups to create more Indian unicorns: Raghuram Rajan RBI allowed overseas investors to sell their stakes in Indian startups to local firms, potentially giving foreign venture capital funds an easier exit route Reserve Bank of India's stance on liquidity irks markets The RBI on Tuesday kept its repo rate unchanged at 6.75 per cent. FTIL-DGCX deal valuation sparks investor concern The transaction, announced last week, was done at a valuation of around $40 million, which means FTIL received $11 million for its 27.3% stake Amazon is said to be planning an expansion into retail bookstores The Internet retailer plans to open more brick-andmortar bookstores following the unveiling last year of one such location in its hometown. Samsung may queue up behind Apple for single-brand retail licence in India Samsung may join Apple in applying for a singlebrand retail licence as the electronics giant looks to strengthen its presence in a crucial market. Starbucks steps up its India game It is serving up a new digital strategy that involves engaging the young with mobile and online ordering Future Group opens 217th Big Bazaar outlet The new store, in Vasant Kunj, is a swankier version of the hypermarket, called Big Bazaar Gen Nxt, targeted at upwardly mobile urban consumers. Patanjali products find a growing market Patanjali Ayurved is eating into the market share of the FMCG majors, and the company has caught the attention of almost all the big brokeragesRarely do capital market experts look beyond the universe of companies listed on the stock exchanges. “Priced anywhere between 10%-30% cheaper than peers, Patanjali poses serious challenge to flagship products of many companies. Strong innovation and new products pipeline, pricing discounts to the peers (15?30%), ayurvedic and natural propositions with low A&P spends (leveraging Baba Ramdev’s brand pull) lend Patanjali’s products an edge over competition. The site has application forms for people interested in opening a Patanjali Mega Store or Patanjali Chikitsalya or Arogya Kendra; the ‘mega stores’ require a minimum of 2,000 sq.ft. According to the brokerage, Patanjali is looking to double its revenue from Rs.2,000 crore in FY15 to Rs.5,000 crore in FY16 estimates. TATA launches Grand Coffee & Fusion Tea, wants to focus on young consumers The 52-year-old Tata Global Beverages Limited wants to get cool and hip and resonate with the demanding, young consumers. British fashion brand Topshop may open outlets in India Topshop is currently selling its products online in India through Jabong and is now encouraged to open brick-and-mortar stores here, sources said. The $79 Billion Airwaves Dilemma Vexing India's Telecom Barons The proposed prices for India’s auction of mobile-phone airwaves this year are so high, the government could collect a sum worth more than the entire Sri Lankan economy. Vodafone India may opt for 2300 Mhz for 4G pool, 700 Mhz overpriced: Naveen Chopra, COO Indias No. 2 telco is trying to be “battle ready” to counter the competitive threat posed by new entrant Reliance Jio Infocomm, besides rivals Bharti Airtel and Idea Cellular. Indian mobile users to grow at 4.4% CAGR to 990 million by 2020 3G connections are forecast to be 52.6 per cent of the total mobile connections by 2020, compared to 15.7 per cent in 2015, it added. Only 9% of rural India has access to mobile internet: Report The mobile internet user base reached 306 million by December last year, and is expected to touch 371 million users by June. India got 50 new mobile phone factories in last 10 months: DeitY India has seen 50 new mobile phone factories being setup in the last 10 months, creating employment for 20,000 people in the country. The installed capacity for mobile phone manufacturing in India is now nine million units per month, with growth Tata Communications Posts Dip in Net Profit on Declining Voice Services Tata Communications fell 6.32% to Rs 379 at 10:03 IST on BSE after consolidated net profit fell 79.83% to Rs 21.89 crore on 3.8% rise in net sales to Rs 5099.49 crore in Q3 December 2015 over Q3 December 2014. LeEco Flipkart flash sale: 70000 Le 1s phones sold out in just 2 seconds LeEco has sold 70,000 units of Le 1s smartphones in its first Flipkart flash sale TRAI's proposed price of 4G airwaves unrealistic, says GSMA “An unrealistically high reserve price resulted in a valuable portion of 700MHz spectrum remaining “unsold and unused in Australia,” added Giusti. eCommerce giant Amazon launches a grocery delivery app for customers in the city, taking domestic players such as Grofers, LocalBanya and PepperTap head on E-Commerce giant Amazon on Wednesday launched a grocery delivery app for customers in the city, taking domestic players such as Grofers, LocalBanya and PepperTap head on. OLX India makes a host of senior leadership announcements, including naming its new finance, operations and human resources heads OLX, which is backed by South African media giant Naspers, has appointed Irwin Anand, formerly chief growth officer at its India unit, as its new chief operating officer. Yahoo will shed 1,700 jobs to cut costs and boost its sagging sales; may sell its core internet offerings websites, email and online search The fading internet star will shut down Yahoo Games and Yahoo TV. Housejoy acquires MyWash for an undisclosed amount; to scale to 10,000 services per day over the next year for the laundry vertical Amazon-backed Housejoy was launched in January 2015. Craftsvilla acquires virtual logistics startup Sendd, values company at $5M; Sendd will continue to operate and have their own clientele Sendd had raised funding from Kae Capital. 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