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Wednesday, June 22, 2016

Jun 22, 2016 - Baba Ramdev's Patanjali Ayurved plans to raise Rs 1,000 crore

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
When Facebook bought Instagram for $1 billion in 2012, it was a company with less than 10 employees and no revenues, although a growing base of 30 million users. Today, it is at 500 million monthly active users, including 300 million daily active users. In fact, it's user growth is now accelerating over time, thanks to popularity in countries like France, Germany, Japan and Indonesia. It is now definitively more popular than Twitter (320 million monthly users) and ready to start monetizing.

Baba Ramdev’s Patanjali Ayurved plans to raise Rs 1,000 crore

"Long term project loans with 5-10 years maturity should serve our purposes," managing director Acharya Balkrishna told ET confirming the matter.





Bank of India sells 18% stake to partner Dai-ichi Life

State-run Bank of India on Tuesday sold 18% stake in Star Union Dai-ichi Life Insurance Company to its Japanese partner for Rs 540 crore, valuing the company at Rs 3,000 crore.



RBI to come hard on banks that fail to protect customer rights

"We have given banks 18 months to adopt it, put an internal structure and an internal ombudsman," RBI deputy governor SS Mundra said.



Gladiris Technologies raises funds to enhance product, acquire new customers

SpiderG enables businesses to electronically transact and communicate with their vendors and suppliers, as well as keep track of other transaction data.



Jindal Stainless promoter JSL Overseas pledges over 11% stake

The steel maker says its promoter pledged 2.66 crore shares with SBICAP Trusteeship in a bid to secure the financial facilities availed by Jindal Stainless



Future Group ties-up with Bajaj Finance to offer credit for purchases

Current and new customers can use the so-called EMI card to avail of loans from `5000 to `3,00,000



Why a child life insurance plan is essentially an investment plan

Your decision to buy a child plan should be based on the objective for which you are planning to save



Tata Group closes $ 160 million vehicle sale and financing arrangement with Uber

"The agreement is the first of its kind vehicle sale and financing arrangement," Shardul Amarchand Mangaldas & Co said in a statement.



Max holding company to list on exchanges on Wednesday

Max Ventures and Industries Ltd (MVIL) is one of the three new holding companies formed after demerger of the erstwhile Max India Ltd



Tencent to buy Clash of Clans maker Supercell from SoftBank

Deal valued at $8.6 billion; Tencent will, over three instalments, acquire about 84.3% of Supercell via a wholly owned consortium



This is how 'Brexit' is going to hit our stocks, rupee and the economy

Asked at a press conference on how a Brexit outcome in the referendum could affect India-U.K. ties, Union Minister of External Affairs Sushma Swaraj steered clear of a political comment. “The decisio



Dell sells software group to finance EMC acquisition

Dell announced in October a merger with EMC - the top multinational in computer storage and cloud computing. The $67 billion merger is the largest in tech history.



Brookfield, State Bank of India mulling stressed asset venture

The companies havent agreed on terms, and talks could still fall apart, the people said, asking not to be identified as the information is private.



Is Brexit fever handing Bitcoin its moment in the sun?

Of late, Bitcoin’s appreciation suggests more investors may be seeing the unit as a store of value



Start-ups reduce their funding expectations

Early-stage start-ups sought a lower amount when raising funds this year compared to last year



Online lingerie retailer PrettySecrets raises Rs40 crore from RB Investments

PrettySecrets last raised Rs12 crore in September 2014 from Orios Venture, India Quotient and a few angel investors



IndusInd in talks to buy Rs 1000 crore NPAs of Spandana

Spandana needed to restructure its debt following Andhra Pradesh microfinance crisis, triggered by reports of suicides of some over-indebted people in 2010.



Loss-hit PSBs look to sell bad loans on all-cash basis to ARCs

This latest portfolio of move is expected to accelerate the reduction of bad loans in the books of banks, and also help revive the bad debts business.



India will miss Raghuram Rajan as teacher more than as banker

Indian business must cop the blame for doing little to foster educational institutions that might have made Rajan consider teaching in India


 

Here's what will restart India's stalled engines of growth

Report warns of near-and medium-term risks from the banking sector



GST blueprint fuels speculation over additional tax on share transactions

The model goods and services tax (GST) draft has raised questions on whether capital market transactions would be subject to an additional tax



Overhaul of FDI norms a welcome move, but there’s scope for improvement

A look at how the changes in foreign investment rules will impact defence, pharma and aviation sectors, among others



Mandhana Industries without Being Human retail business may pose a few risks to investors

In last few years, the stock has enjoyed good investor interest due to company's tie-up with 'Being Human', which although smaller in size was most profitable.


Apparel brand US Polo tops Rs 1000 crore India sales in FY16

US Polos fastpaced sales puts it in the same league as Zara, which became the biggest apparel brand in India within four years of setting up shop.


Future group partners Bajaj Finance to launch pre-approved store card

Customers will have a pre-approved loan limit from Rs 35,000 to Rs 3 lakh. Both companies are also developing a unique data mining model.


Biyani sees future for his group in new FDI norms

Says foreign chains need domestic partners like Future Group to make them successful because of the latter's presence in the business for a long time


Reliance Jio, LeEco set to enter Indian television market, offer bundled content

Jio and LeEco, two players with deep pockets, are soon entering the Indian television market with an aggressive pricing strategy and bundled content.


Why Amazon, Flipkart, Snapdeal and ShopClues fight and can't lobby unitedly against offline retailers and government rules

Indias ecommerce blue chips are disunited and fractious, even when confronted with a constricting set of central government rules and state-level taxation threats.


Walmart to study FDI fineprint before setting up food-only outlets

Walmart has been trying to open multi-brand retail stores in India for over a decade


ITC chief Yogi Deveshwar to step down in 2017, continue as non-executive chairman till 2020

Deveshwar first indicated in 2011 that he would move into a non-executive role at the company that has interests in cigarettes, FMCG, hotels, etc.


Competition Commission approves Future Consumer-Grasim deal

Grasim had signed an agreement with Future Consumer Enterprise for sale of its consumer products division on a slump sale basis


LVMH invests in Mumbai based premium menswear brand

Founded in 2014 by Kabir Mehra and Samarth Hegde, the company makes made-to-measure menswear at reasonable prices.


Max finds a niche, marks its spot

Smart pricing and efficient merchandising strategies are helping the Dubai-based fashion retailer expand its label in the Indian market


Govt to turn attention to spectrum sale, textiles

Cabinet might consider a proposal to finalise the base price and auction terms for the upcoming sale of airwaves in 7 telecom spectrum bands



Aircel, Voda, Idea using call drop mask tech incorrectly:TRAI

With the help of call drop masking technology, a call remains connected even if a consumer moves to poor network coverage area for which he is billed.



India's telecom authority proposes cloud consult paper

The other areas in which it has sought comments include provisions for billing and metering re-verification of cloud services, how disputes are to be addressed, mechanisms for customer complaints and the security aspects of such services.



Active Mobile connections in India declined by 2.4 million in April 2016: TRAI

What's a few million when you have 934 million active mobile connections in India? The Active connection data represents peak VLR (Visitor Location Register) data for the month, so it includes users roaming from on another telecom operators network (For example, Airtel, Idea and Vodafone ha



Essar snoop diaries: All you need to know about the phone-tapping controversy

The allegations are contained in a petition submitted by Delhi-based lawyer Suren Uppal to the PMO, seeking a probe.



Telecom companies better network quality; more to be done for call drops

According to Trai's 'Independent Drive Test Report' for May, there has been "general improvement" in the parameters used for measuring the quality of 2G networks in Delhi-NCR.



GoPaisa Aims to be the Market Leader in the Affiliate Marketing Space in India

Gopaisa.com is a revolutionary platform offering the highest paying cash back and discount coupons for online shopping consumers. These cashback and discount coupons are available on a wide range of products and services spanning travel, lifestyle, fashion, electronics, books, food, recharge, medicines to name a few., , India Startups, gopaisa.com


Shopper trends shifting towards premium headphones; Bengaluru tops: Flipkart survey

According to a survey by Flipkart, ahead of World Music day, to identify consumer purchase trends, it was found that shoppers are increasingly shifting towards quality and premium headphones.


Industrybuying: Eliminating Inefficiency in Industrial Procurement Through eCommerce

The company offers over 1.5 million products across 45+ categories ranging from Safety and Security, Electrical and Lighting, Power and Solar, to MRO supplies and many more categories., , India Startups


RPG plans to ring in a comprehensive digital change across its businesses; to integrate all the group's functions across products, clients

Like last year, the company is investing at least Rs 27 crore this year in pushing for digitalisation and says the returns have started coming in.


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