Jul 13, 2016 - In India, private equity firms see new allure in old world retail

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Sree Vijaykumar From the Editor's Desk Today's editorial is from Mr Mohit Khattar, Head of Retail Strategy and Branding at Godrej Industries (and ex-Managing Director of Godrej Nature's Basket). Women currently constitute only 10-15% of the Retail workforce in India. Considering that most shopping decision-makers are women, this makes no sense. More here In India, private equity firms see new allure in old world retail NEW DELHI (Reuters) - E-commerce in India has been booming and online giants like Amazon are spending big bucks on the world's fastest growing major economy. Yet some investors are pouring money into retail mainstays of a bygone era - shopping Lenders looking to recover loans worth Rs 20,000 crore from Alok Industries by restructuring them In January, the company had informed the exchanges that lenders planned to acquire 65% of the company by converting debt to equity under SDR. KKR commits to invest Rs 520 crore in dairy company Kwality Ltd A person familiar with the development said the KKR investment is for a six-year period and has a protected minimum interest rate. JSW Ventures and Omidyar Network lead $3 million funding round in Overcart Overcart is an online marketplace for over-stocked, unboxed, refurbished and pre-owned products, across electronic categories. Creador Capital close to investing Rs 118 crore for minority stake in Corona Remedies According to people close to the development, Creador will be picking up about 20% stake in Corona, valuing the company at around Rs 500 crore. Continuum Wind Energy looking for equity investors to raise $300 million in capital Continuum is majority owned by Morgan Stanley Infrastructure Partners with over 80% stake, while the rest is with the promoters. Ambit Holdings in talks with US-based Portman for real estate joint venture The joint venture (JV) will leverage the expertise of Portman Holdings in real estate investing and Ambit Holdings’ local fund-raising abilities How should companies structure employee incentives? This week’s management debate centres on whether equity-based compensation can play a role in retaining talent Delta Corp. founder Jaydev Mukund Mody launches Rs500 crore realty fund The fund will work with developers of mid-sized projects in Mumbai, Pune and Bengaluru Temasek Holdings may invest in distressed assets The Singapore investment firm is open to investing via an asset reconstruction firm or even directly, says a top executive IDFC Bank snaps up Grama Vidiyal Microfinance India: IDFC Bank buys microfinance firm Grama Vidiyal ShareChat raises $1.35 million from SAIF Partners, India Quotient Vernacular language content app ShareChat will use the funds to ramp up its tech infrastructure to cater to its constantly growing user base LIC may buy up to Rs30,000 crore of SUUTI assets Govt asks LIC to pick up at least a third of overall SUUTI holdings, primarily in ITC, Axis Bank and L&T Food-ordering start-up Twigly raises $600,000 Twigly will use the money to expand into new cities and towards building a food brand that will be made available in supermarkets and online platforms Brookfield raises largest $14 billion infrastructure fund Canada’s largest alternative asset manager Brookfield Asset Management has committed $4 billion of its own money to Brookfield Infrastructure Fund III Cairn-Vedanta merger: LIC says still not on board As per sources, while LIC has approved of merger details, it is yet to communicate the same to Vedanta. Once that is done, the merger will commence once again post August. .. HDFC Ltd to raise Rs 1,000 crore via debentures on private placement The fund would be raised through secured redeemable non-convertible debentures, HDFC said in a regulatory filing today. IDFC Bank buys Tamil Nadu-based Grama Vidiyal Microfinance Grama Vidiyal has a customer base of 1.2 million customers with an asset base of Rs1,500 crore, IDFC Bank CEO Rajiv Lall said Cash infusions drive India's inter-bank rate to lowest since 2010 The benchmark three-month interbank rate has dropped 15 basis points this month to 7% on Monday, the lowest since September 2010 Raghuram Rajan’s potenial successor at RBI cheered by stocks, bonds Bond yields fell and bank stocks surge ahead of an anticipated announcement of the new Reserve Bank of India governor to replace Raghuram Rajan VLCC to raise funds for expansion: Syed Safawi The business is split in three verticals, services, products and skilling. The services which include slimming and diet planning is the oldest and most known. PE funds look to shift from Cyprus to Mauritius These funds invested mainly in debt and are looking to set up new investment vehicles in a way that the income from Indian investments is taxed as per the treaty. Vijay Ghadge joins as COO of Snapdeal's captive logistics unit Vulcan Express Snapdeal, which is strengthening its supply chain and logistics capabilities, had invested Rs 240 crore in GoJavas in two subsequent rounds in 2015. Zara posts slowest sales growth in India; stiff competition from global rivals like H&M and Gap Zaras sales growth has been tapering off after stellar performances following its entry into India in 2010. It posted a profit in the first year of operations and doubled sales every two years. Amazon turning to fresh crop of merchants for selling popular products on its online platform Amazon will be reducing its dependence on its largest merchant Cloudtail, which is owned by a joint venture between Amazon Asia and NR Narayana Murthy. 6 firms including OPPO Mobiles, MTR Foods seek government nod for single brand retail China's OPPO Electronics Corp has sought the nod from Department of Industrial Policy and Promotion (DIPP) to expand operations in India by opening wholesale and single-brand retail stores. FabAlley boosts offline presence by partnering with Future Group Business Today The first locations to have an offline FabAlley store would be the Central outlets in Gurgaon, Mumbai, Hyderabad and Patna. The company said it would add cities like Bangalore, Pune, Noida and Chandigarh in the next few weeks. FabAlley had earlier ... With expansion in mind, Lenskart appoints top level executives The company wants to increase its offline presence, ramp up its manufacturing facility and create seamless consumer engagement on its platform. 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. After government's ban on discounts, online retailers exploring new strategies to woo customers Etailers are now looking at new sops such as pre-approved loans, faster delivery models, and improved service for repeat buyers. Veggie retail prices up by 60%, may rise further Hindustan Times "We are working on alternative channels to sell farmers' produce in Mumbai. If the amendment is withdrawn, it will affect consumers and farmers in the long term. Currently, the market is controlled by 200-300 traders. This amendment will get more ... articles  Spectrum usage charge: Trai sticks to flat SUC rate stand The Telecom Commission had cleared a proposal to use weighted average formula for calculating spectrum SUC based on the total spectrum holding, for all bands allocated to telecom operators. Samsung India to Focus on New Mobile Launches to Bolster Market Share Both the smartphones come in Black and Gold color, and are available through Amazon India.. Reliance Jio 4G service: How to get SIM, speed-tests, price and everything else Reliance Jio 4G service will launch in India by end of 2016. Our break-down of speed, price, and how to get a Jio SIM. We are set to triple manufacturing here soon: Vivo India Vivo Mobile India has so far invested close to Rs 125 crore in its first phase of investment in the 30,000 square-metre facility at Greater Noida. Myntra Acquires Mobile Content Aggregator Cubeit The company focuses on building mobile applications which allow users to aggregate content from anywhere For rural India, mobile recharges are important than colas, chocolates In rural areas, there was lesser money because of two years of deficit rainfall. Whatever little money was in their hands, rural consumers preferred to spend on mobile recharge rather than colas. Mobile Wallets: PayTM, MobiKwiK, Freecharge ringing in a payment revolution, concerns remain Growing penetration of smartphones and internet across the world is creating a market for mobile wallets capable of serving many purposes that were served by physical wallets for years. Mobile phone security risks growing; Symantec India chief explains how In today’s mobile-first world, mobile devices are more than mini computers in our pockets. Yet, most consumers unknowingly put personal information which resides on their mobile phones... Farmers in Maharashtra Go Online to Sell Their Produce as APMC Stands Banned in Trading Maharashtra government recently removed the distribution of fresh agricultural produce from the ambit of the Agriculture Produce Market Committees (APMC) and the traders working with APMC are enraged. Foxconn to begin making mobiles at Navi Mumbai plant from August The rented premise is a temporary facility and the company is looking at 1,200 acres of land in Maharashtra for a new multi-billion dollar factory. 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. 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