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Tuesday, April 12, 2016

Apr 12, 2016 - Get ready for a junk bond default cycle: Deutsche Bank

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
On the way to Mr Ambani's $1 billion home, one will pass maimed homeless boys begging at the traffic lights. While our techies work on some of the world's cutting edge problems, khap panchayats execute honour killings of boys and girls who fall in love outside their caste. India's diversity is mind-boggling in every possible way. How does a political party cut through this clutter to win elections - by using structures that have held us together for centuries (religion, caste, class, language). Unfortunately, these structures also divide us into polarized groups, leading to long-term societal damage. There IS a better alternative - development. It is broader than just anti-corruption (which proved to be an excellent election agenda in itself) and has the potential to unite rather than divide the electorate - Comment

Get ready for a junk bond default cycle: Deutsche Bank

Investors are about a year early with their concerns, according to a report by analysts at Deutsche Bank, with the default cycle for junk bonds expected to peak in 2017 or 2018.




The Real Deal with Email and What TradeBriefs does right
vivafit
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.

 


Deutsche Bank raises price targets for steel makers like Tata Steel, JSW Steel

Deutsche Bank raised its price target on Tata Steel and JSW Steel by 38% and 21%, respectively, as it expects the sector to benefit from the governments focus.



IDFC Alternatives in talks to invest Rs600 crore in ACME Solar

The funding will help ACME complete solar power projects that are under development across various states in India



How 1991 reforms put the wheels on transportation

When Ashok Kumar joined DTC as a conductor in 1985, Delhi roads were single-lane and mostly empty. Today, there are more buses, more cars, more people. Every one is in a hurry



Immediate challenge now is the passage of bankruptcy law, GST: Arun Jaitley

Finance minister Arun Jaitley concurs and believes that India is in the middle of its most important phase of economic reforms since 1991



Finance ministry looks to drop open-ended interest subsidies

The ministry plans to replace them with direct interest subsidies that do not interfere with the monetary policy transmission mechanism



GE plans IPO for Czech banking business

New York, April 11, 2016 (AFP) -General Electric plans to float shares of its Czech Republic retail banking business on the Prague Stock Exchange in the biggest IPO in central Europe since 2011, GE announced Monday.



Sun Life completes stake hike in Aditya Birla’s insurance JV

ABNL will hold the controlling stake in the insurance joint venture with 51% stake



India begins anti-dumping investigations over steel imports

NEW DELHI (Reuters) - India has initiated investigations into the possible dumping of cheap steel products into the country by six nations including China, Japan and South Korea, a government department ...



Who really runs AirAsia India?

Documents, emails show that Malaysia’s AirAsia Bhd has final say in decision-making, in violation of Indian law



Bharti Airtel, Kotak joint venture gets payment bank licence

The new payments bank will help the fourth largest private sector bank by assets to break new grounds among the unbanked and expand its reach in the huge rural market.



IPO scam: Sebi bans Edserv, CMD and four others for three years

The other promoter-directors facing the ban include G Gita, Ilango Balakrishna, T S Ravichandran and S Arvind.



India gets $42 bn FDI during April-February: RBI

Data revealed that FDI in February was $3.2 billion, down from $5.14 billion in January. The foreign direct inflows were $3.48 billion in February 2015.



What action should Sebi take in NSE algo trading case

Sebi could be tempted to summarily announce some additional checks and balances in algorithmic trading. But this won’t solve the problem. It needs to dig deeper; help of an expert is imperative



CXOs under 40 in demand at start-ups

Start-ups looking for experience matched with how well recruits will fit in, say leading executive search firms



RBS said to close down India business as it shrinks global assets

The decision to close the India business is part of chief executive Ross McEwan’s strategy announced last year to operate in 13 countries, down from 38



Tata Steel to sell part of UK business to Greybull Capital

Greybull Capital to pay a nominal £1 for the entire long-products business and take over its assets and liabilities; about 4,800 jobs will be saved



Cairn India, Vedanta merger only after tax liability settled: Government

Vedanta had in 2011 acquired Cairn India from its British promoters, and last year proposed to merge the cash-rich firm with BSE-listed Vedanta Ltd.



Raghuram Rajan says central bank holds 8 trillion rupees of government bonds

Raghuram Rajan said central bank holds government bonds worth 8 trillion rupees ($120.54 billion) alongside record-high foreign exchange reserves.



Standard Chartered to sell over $1 billion of India loans

Standard Chartered starts discussions with potential investors to sell loans in the backdrop of an increase in stressed assets



Are foreign banks' shrinking business a blessing for domestic companies?

Eight senior Barclays employees recently joined IIFL and five more are likely to come on board in the next few weeks.



India's audacious plan to bring digital banking to 1.2 billion people

NPCI has launched its Unified Payments Interface (UPI) which will leverage trends such as increasing smartphone adoption and deeper penetration of mobile data. UPI is a channel that powers multiple bank accounts into a single mobile application.



Corporate bond market to take 3-5 years to develop: Federal Bank CEO

Corporate bond market to take 3-5 years to develop: Federal Bank CEO - Shyam Srinivasan sees the next 12 months as a positive period with the Indian economy, says 9% growth will flourish the banking sector.



How the unified payment interface will change mobile payments

The payments interface is expected to bring about a significant shift in the way mobile banking transactions are conducted



Banks confirm: Recoveries crawl as write-offs swell

We're close to being leaders in the digital banking space: SBI - The country's largest bank, State Bank of India, has managed to migrate about a tenth of its 280 million customers to the internet platform.



Congress won't 'celebrate' when Panama details come out: Finance minister Arun Jaitley

As a multi-agency probe continues into leaked 'Panama Papers' showing alleged offshore tax haven holdings of Indians, finance minister Arun Jaitley on Sunday said "Congress will not have many reasons to celebrate" when the details come out in this case.



Interim relief for Flipkart: Calcutta HC stays entry tax on West Bengal e-shipments

After getting a stay from the Uttarakhand High Court over the issue of entry tax, Flipkart has sued the government of West Bengal over a similar issue.


Anita Hassanandani to launch TheBag-Talk.com in partnership with High Spirit Commercial Ventures in Mumbai

Apart from sports personalities and Bollywood actors, a new brand of telly actors is now becoming part of the startup ecosystem.


Home-grown Amul, Mother Dairy, Britannia giving MNCs like Nestle, Mondelez & PepsiCo a run for their money

According to Euromonitor, the Indian packaged foods market stood at Rs 2,572 bn last calendar, up about 15% from Rs 2,232 bn in 2014.


Brick and mortar firms unite to oppose violation of FDI rules by e-tailers

Hindustan Times
Brick and mortar firms unite to oppose violation of FDI rules by e-tail...Large players including Future Group, Aditya Birla Retail and Shoppers' Stop, have joined hands and may ven take the legal route. According to a recent government notification, FDI is not allowed in inventory-based e-commerce model, and marketplaces ...




Delhi-based VegFru takes fruits and vegetables trading online, raises funds from Wingify

Founded in June 2015 by Anil Chopra and based out of Delhi, VegFru connects farmers, suppliers, retailers and buyers on a single platform.


CFTRI has cleared all samples of Maggi: Nestle

Nestle said on Monday that the CFTRI has cleared all samples of its instant snack brand Maggi noodles, stating that all 29 samples tested by the research institute are clear.


Gionee aims up to 8% smartphone market pie in India this fiscal

Chinese smartphone maker Gionee is targeting a market share of 7-8 per cent in India this fiscal, a top official of the company's local arm said.


Crime branch issues letter rogatory to VoIP services abroad

Crime branch has issued a letter rogatory to VoIP service providers in Switzerland and South Africa through ministry of home affairs for providing IP addresses of the devices from which gangster Ravi Pujari had made extortion calls to builders in Gujarat over a period of two months in December 2015 and January 2016.



Bharti Airtel ends Reliance Jio's advantage with spectrum deals; becomes a pan-India 4G player

The buy will also reduce Airtels uncertainty and need to bid aggressively in the airwave auctions slated for July, analysts said.



Local phone makers Samsung, Micromax miffed over levy giving Apple edge; demand parity

This years Budget has levied 29% customs duty on batteries, chargers, adapters, speakers and wired headsets that are imported by brands which manufacture in India.



No solution on call drop penalty: govt to Supreme Court

The government will defend the call drop penalty in the court, says attorney general Mukul Rohatgi



Unified payments interface to revolutionise mobile banking

The UPI app, to be publicly available in two months, will be inter-operable across banks



Idea selects Nokia to provide 4G technology in 3 key circles

According to a statement from Nokia, it will rollout LTE or 4G network of the country's third-largest mobile operator in Kerala,



Apple's Push to Flood India With Used iPhones Ignites Backlash

Apple has publicly talked up its prospects in India and is on course to get the green light to open its first retail stores.



WhatsApp's encryption services are legal for now, but maybe not for long

WhatsApp’s new encryption services are legal for now, but may not be for long WhatsApp introduced finish -to- today end encryption for several its solution



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