Jul 12, 2016 - Nirma-Lafarge deal: A new kid on the cement block

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk American life is based on a reassurance that we like one another but won't violate one another's privacies. This makes it a land of small talk. Two people greet each other happily, with friendliness, but might know each other for years before venturing basic questions about each other's backgrounds. The opposite is true of Indians. At least three people I've sat next to on planes to and from India have asked me, within minutes, how much I earn as a writer (only to turn away in disappointment when I tell them). In the East, I've heard it said, there's intimacy without friendship; in the West, there's friendship without intimacy. Continue reading Nirma-Lafarge deal: A new kid on the cement block The deal may bring some uncertainty in the cement business in the eastern region dominated by UltraTech Cement and LafargeHolcim’s ACC Ltd India to bid good bye to its 'old' financial year in 2018? India may make the calendar year, instead of April-March, as its new financial year from as early as 2018 as part of its efforts to align the accounting system with the most prevalent practice in the world, sources said. Should India create a 'bad bank' to battle NPA's? The Centre is likely to announce the first tranche of the Rs 25,000 crore capital infusion for public sector banks (PSBs), planned for this financial year (2016-17). The first tranche could add up to HDFC to sell masala bonds, plans to raise Rs 3,000 crore The issue will have a core size of Rs 2,000 crore and an option to retain as much as Rs 1,000 crore if it is oversubscribed, HDFC said in a news release. Management tech start-up SirionLabs raises $12.25 million from Sequoia, others Founder CEO Ajay Agarwal says the funds raised in the latest round will be used primarily for strengthening SirionLabs’s go-to-market strategy What are the global risks that could end the party in local equity markets? Britains decision to leave the European Union may trim economic growth this year across the 19 countries that share the euro. What IndusInd Bank's results mean for the banking system IndusInds current and savings account ratio dropped to 34.43% from 34.68% a year earlier, the bank pushed to get fixed deposits at a cheaper rate. Supreme Court lets Sahara sell its assets to repay investors The apex court’s directive came after Sebi informed the court that it has not sold any of Sahara’s properties till date P Mukund to sell 10.35% stake in Igarashi Motors P. Mukund, one of the large shareholders of Igarashi Motors India Ltd, will sell over 3.3 million shares in an offer for sale at a floor price of Rs650 Myntra acquires content aggregation start-up Cubeit Myntra’s acquisition of Cubeit is primarily to gain access to the latter’s employees, a practice known as acqui-hiring Do you know yourself as an investor? A clear communication with your financial adviser about your risk appetite is crucial for a sound portfolio Kajaria Ceramics board approves KSPL merger with company Kajaria Ceramics board approves KSPL merger with company Arvind Panagariya may be named new RBI governor in place of Rajan: Report Arvind Panagariya, who heads the government’s main economic advisory body, is also India’s Group of 20 summit negotiator Deutsche Boerse lowers key hurdle for merger with LSE Frankfurt, July 11, 2016 (AFP) -The Frankfurt stock exchange said Monday that it has decided to lower a key hurdle for its planned merger with the London Stock Exchange (LSE) to go ahead and also extend the dateline for its shareholders to agree to the deal. redBus acquires majority stake in Peru-based Busportal Investment in Busportal.pe will give redBus an entry into online bus ticketing markets in Latin America, such as Peru, Colombia and Chile India wants new foreign investment pacts to limit lawsuits India may have surprised its investment partners in seeking to revise business relationships, but it is not the first to do so and it is not alone. Sidbi readies another Rs 675 crore fund for startups Out of Rs 10,000-crore fund announced by the Prime Minister in the Startup India Action Plan, Rs 500 crore has been released during FY 2016. Paytm starts offering collateral-free loans for merchants on its platform The loans oferred by Paytm would be in the range of Rs10,000 to Rs1 lakh, which can be increased based on the eligibility criteria and working capital needs of merchants TA Associates in talks to acquire stake in Kota coaching firm Resonance US-based TA Associates plans to buy about 27% stake in Kota-based coaching institute Resonance for Rs400 crore Freshdesk sees interest from global investors for buying stake Freshdesk has got an offer from a US-based strategic investor for purchasing a stake at a valuation of more than $500 million Panel set up to review MSP, bonus for pulses A ministerial committee headed by Finance Minister Arun Jatley also decided to increase the buffer stocks to 20 lakh tonnes from the existing 8 lakh tonnes BigBasket mulling to invest up to Rs 90 crore for recruiting more farmers to its network Overall, the companys private-label business — which includes fruits, vegetables, breads and staples — contributes 35% of the revenue, Menon said. MobiKwik aiming to generate GMV of $2 billion, reaching 150 million users in next two years Our goal is that at least 50% of them should be using MobiKwik, if not more,” said Upasana Taku, co-founder of Mobikwik, which has about 32 million customers. Big Bazaar completes integration of Easyday stores KB’s Fair Price, KB’s Conveniently Yours also being remodelled as Easyday outlets Expect to see 20-30 pc growth this year: Jabong CEO Online fashion retailer Jabong, which is reportedly on block for sale, today said it expects to clock 20-30 percent growth in sales this year as it charts a turnaround in business. How startups successfully got Indian shoppers to buy furniture online For urban professionals and students, online portals are the first option to purchase furniture. Metros have witnessed drastic growth in the last three years LeEco hires Qualcomm's Jaiteerth Patwari to head R&D LeEco India launched its operations more than six months ago and aims to increase its staff fivefold to more than 1,000 by the end of 2016. An insight into business model of Flipkart – India's E-commerce Giant ! An insight into business model of Flipkart India's E-commerce Giant !Techstory An insight into business model of Flipkart - India's E-commerce Giant !TechstoryFounded in 2007 by Sachin Bansal and Binny Bansal , Flipkart is an e-commerce company which is registered in Singapore and has its headquarter in Bangalore (India). Initially the company was an online bookstore which has now come of age and operates ...articles  Delhi police directed to probe Essar phone-tapping case: Centre During the brief hearing, ASG Jain suggested that the sensitive material with Uppal can be kept in the custody of the court. However, the bench did not agree with that. India wants new foreign investment pacts to limit lawsuits India may have surprised its investment partners in seeking to revise business relationships, but it is not the first to do so and it is not alone. All new mobile phones sold in India will have panic buttons from 2017 The Department of Telecommunications (DoT) had asked all handset makers to develop and install software patches that enable panic buttons in all phone.. India roll out of Mobile Connect programme to happen soon: GSMA VP Marie Austenaa Telecoms to make $11 bn revenue from data in India Data revenues for Indian telecom network operators are set to double to $11 billion by 2017-18, said brokerage firm CLSA. Reliance Jio Infocomm, which has delayed the 4G service launch to 2016, is likely to drive the mobile Internet market in India. Bharti Airtel, which has presence in both 3G and 4G markets, is expected How ban on discounts have changed behaviour of online buyers Orders on the portals Dhora sells, such as Amazon and Flipkart, have dried up. Not long ago, Dhora used to ship 60-70 packets a day. How rural India is feeding the smartphone habit to ensure the 'selfie' fix The mobile Internet user base in rural India almost doubled in calendar 2015, according to a report by the Internet & Mobile Association of India. Myntra acqui-hires Cubeit to expand technology team Flipkart owned lifestyle e-commerce venture Myntra Designs Pvt. Ltd has acquired mobile-based content aggregation platform Cubeit for an undisclosed amount. Snapdeal reduces the marketing fees for over 120 sub-categories as part of its policies to attract more sellers to its platform Business Today articles  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