Apr 19, 2016 - Chinese investors like Tencent,Cheetah Mobile and Baidu looks for funding India's internet companies

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Sree Vijaykumar From the Editor's Desk So, is your business a hedgehog or a fox? Jim Collins in his book 'Good to Great' refers to this concept to explain companies that are great vs those that are average. Every time the fox tries to attack the hedgehog, the hedgehog simply rolls into a spiky ball and drives the threat away. The fox keeps trying various tactics, but the hedgehog defence is simple and impenetrable. Great companies have an ability to understand what their 'hedgehog' factor is (the one thing they are really good at) and consistently execute their way to greatness, using their single biggest differentiator as the competitive advantage. This is especially true for startups, which are resource constrained and don't have the luxury to operate multiple strategies - Comment Chinese investors like Tencent,Cheetah Mobile and Baidu looks for funding India's internet companies Chinese conglomerate Fosun Group; Shunwei Capital Partners, the venture capital firm led by smartphone maker Xiaomis founder Lei Jun. 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.   Private sector banks lead PSBs in sanctioning and disbursing funds to renewable energy sector Private banks were far ahead in disbursals too, having already paid out Rs 10,255.51 crore, or 11.59% of their target by end February. L T Finance Holdings plans to rationalise portfolio; may exit insurance business The entire restructuring is part of a plan to achieve a higher return on capital, concentrate on core areas which will deliver high growth. Alcatel-Nokia merger will have minimal impact here: Sandeep Girotra "The impact on our operations will be minimal. It is not about the headcount." Sebi proposes to allow depositories to distribute cash benefits At present, cash benefits are distributed directly by issuer companies to investors, mostly through registrar and transfer agents Bharati Defence in talks with equity investors Bharati Defence is looking to secure debt financing to restart some of its projects; firm attempted restructuring under the CDR mechanism in 2013 How liberalization brought in a new era for business families Liberalization allowed the best-run family businesses to reclaim their rightful place in India’s business space SBI may close some foreign branches after review "We do a yearly review of our international operations, but this time we are doing a medium-to-long-term strategic review of our foreign operations," SBI Managing Director for Corporate Banking B Sriram said. Payments banks do not have a viable business model: SBI chief Arundhati Bhattacharya Small and payments banks have not yet devised a business model which can be termed viable, SBI Chairperson Arundhati Bhattacharya said today. SBI chief flays over-focus on retail, ignoring infra lending "Every other bank is now being goaded on towards the same model (of focussing on retail segment)," Bhattacharya said at a banking conference organised by industry lobby IMC here. No intolerance, India continuing to attract FDI: Arun Jaitley There is "much more tolerance in India" if one goes by the content of the presidential election speeches in the US, Finance Minister Arun Jaitley has said. Why RBI justified in asking banks to make provisions on foodgrain loans to Punjab RBI is justified in asking banks to provide for the loans granted to Food Corporation of India for food procurement in Punjab, said minister of state for finance Jayant Sinha Tata Steel reaches out to 190 investors for UK asset sale Tata Steel also announces the appointment of Standard Chartered Bank as additional adviser to the process JK Tyre completes Rs2,195 crore Cavendish Industries acquisition JK Tyre will fund the deal through a mix of internal accruals and debt raised by JK group associates SC sets aside HC order that allowed partial FTIL asset transfer The Company Law Board, in June last year, restricted FTIL from creating third-party rights on its assets and investments Janalakshmi Financial Services raises $150 million in primary funding Janalakshmi says it will use the funds to acquire customers and build on current products Smytten raises angel funds from Google’s Rajan Anandan Smytten is looking to use this round of funding to enhance user experience, to develop the product and to expand the user and brand base Janalakshmi Financial Services raises $210 million via equity round led by TPG “This latest round of capital will fuel further expansion of the products and services we offer,” said Ramesh Ramanathan, Chairman of Janalakshmi. Banks to share all transaction details in standard format The issue was first raised by the CBI which found that while investigating an offence, banks were providing information in different formats making probe rather difficult. A meeting was then called by Central Economic Intelligence Bureau and a commonly acceptable format was designed. Banks to share all transaction details in standard format This follows intelligence agencies laying emphasis on a standardised format for sharing of information by the banks, official sources said today. Will Lafarge’s India divestment plan get derailed again? This time, the challenge has come from rival firms questioning the process followed by the Competition Commission of India In need of cash, India chases $117 billion in elusive back taxes Tax arrears nearly quadruple in six years; official says only 15-20% is realistically recoverable Tough times ahead for India's start-ups Indian startups bracing for another year of drastic belt-tightening are expected to lay off hundreds more this year, bowing to pressure from investors to trim flab and restructure operations. Liberalisation had negative impact on Indian economy: Prakash Karat "Our industry, agriculture and finance sectors have been facing crisis with the implementation of liberalisation for the past two and a half decades," Karat said. Sebi to tighten disclosure norms for rating agencies Sebi also considering asking the credit rating agencies to hive off their activities involving rating of instruments other than securities E-commerce giant Flipkart to scale down contribution of WS Retail WS Retail, owned by Flipkarts founders until 2012, currently dominates the platform and is said to have a share that well exceeds 25% of total sales. Walmart and Amazon are battling in this key area to grow their marketplaces This story was delivered to BI Intelligence... Monte Carlo Fashions to open 20 exclusive brand stores Branded apparel retailer for men, women and children, Monte Carlo Fashions is i Unclear norms offer e-tailers loophole to cut prices Offline retailers to complain on continuing discounts Logistics start-up LetsTransport to expand With e-commerce and consumer goods space picking up, Bengaluru-based logistics star Snapdeal partners IIT Delhi to sell SmartCane online Deccan Chronicle articles  LeEco seeks FIPB nod for opening single-brand retail stores in India - We plan to significantly invest in setting up our business model in India: LeEco. Salary survey: India Inc to hire more; Delhi dethrones Bangalore, says TeamLease India Inc salary survey: According to the TeamLease report Delhi seems to have dethroned Bangalore as the top paying city. Delhi tops the growth chart in 6 of the 15 industries. Jabong launches international fashion brand Mexx in India Online fashion retailer Jabong has announced a new partnership with international fashion retailer Mexx. Will CoD kill the Indian e-commerce star? While it brings in the trust factor for customers, extra charges on CoD transactions for logistics are troubling e-commerce marketplaces and sellers alike. India Inc will offer more jobs, but lower increments this year: report “With job market showing signs of maturity, industries are getting smarter at rewarding,” says the TeamLease Jobs & Salaries Primer Report, 2016-2017, adding that unlike last year, double digit salary Trai remains in favour of auctioning entire 70 MHz The Department of Telecom (DoT) is likely to get around 202Mhz spectrum in 1,800Mhz band due to harmonization of airwaves by early next month, which will be put for auction in July. RJio brings high-speed subsea cable network to India A global consortium with Reliance Jio as a key member on Monday announced the launch of a 8,100-km, 100 GBPS fibre optic communications cable system, inking East Asia and West Asia, with a landing at Chennai. It can also connect with other systems for a global reach. Bay of Bengal internet gateway now live; RJio to use it for broadband An 8,100 km submarine cable system owned by The Bay of Bengal Gateway (BBG) consortium is now live to handle bandwidth demand across its landing points in 6 countries. The new gateway has landing points in Fujairah (UAE), Barka (Oman), Mumbai (India), Colombo (Sri Lanka), Chennai (India), Mt Lav Jaipur-based Hyperlocal fashion commerce portal Yufta raises an undisclosed amount of money in pre-Series A round of funding knowstartup (press release) knowstartup (press release)Hyperlocal fashion commerce portal Yufta, a Jaipur headquartered owned and run by RKT LIFESTYLE PVT LTD has raised an undisclosed amount of money in pre-Series A round of funding from Ajay Data of Data Infosys Ltd, and a group of Mumbai and  Snapdeal partners IIT Delhi and Phoenix Medical Solutions to sell 'SmartCane' online, priced at Rs. 3,500 Snapdeal today said it has partnered IIT Delhi and Phoenix Medical Solutions to sell 'SmartCane' online, priced at Rs 3,500. 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