Jul 18, 2016 - India-bound UK NRIs invest big in transferable pensions

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Sree Vijaykumar From the Editor's Desk Bangladesh has achieved the remarkable feat of going from 42% open defecation in 2003 to less than 1% in 2016. Bangladesh's success in sanitation, which is something so far unattained by its wealthier neighbour to the south, India, came from a dogged campaign supported by 25% of the country's overall development budget. On a related note, Kiran Bedi, the new Governor of Puducherry has outlined an innovative plan where 'Swachh Bal Senas', teams of children will be given whistles to alert cops when elders litter the city. India-bound UK NRIs invest big in transferable pensions The scheme, popularly known as Qrops, has been approved by Her Majestys Revenues and Customs, the body in the UK that collects and administers taxes. Govt considering venture capital fund to invest in small defence firms Concept aimed at providing an easier way for foreign manufacturers to meet complex local sourcing obligations, known as offsets Wipro, Infosys, IBM vie for India Post payments bank's back end operations The department of post is expected to brief the applicants in the next few days, and the final bids are expected to come in by the beginning of August PE fund Henderson Equity Partners in talks to exit IPE Global The British fund is said to be looking to sell its 20% stake for up to Rs200 crore, valuing IPE Global at Rs800 crore Strapped Indian startups now get support of global VCs with long-term view domain expertise New York-based investment firm manages a corpus of $1.2 billion and has backed companies like BookMyShow & Bigbasket. Mytrah Energy plans up to $300 million fundraising MD Vikram Kailas says $100-200 million could be raised by selling shares through an IPO or to private equity firms, and a further $100 million by providing an exit to investor IDFC If an IPO is oversubscribed, you might not get allotment of shares If an issue is oversubscribed, allotment happens as per predefined rules Motilal Oswal’s investment banking CEO Ashutosh Maheshvari quits Ashutosh Maheshvari is looking to raise $300 million for his new venture, Catalyst High Yield Fund Can India attract $10-13 trillion invested in bonds sitting on negative yields? The 10-year benchmark bond yields in India fell to more than three-year lows last week, but India is still attractive for overseas investors. Schreiber Dynamix sets up Rs100 crore plant in Punjab Schreiber Dynamix is India’s first dedicated contract packer for foods in Tetra Pak cartons and uses Tetra Pak’s advanced packaging technology Hard to do business in India, but will remain here: AirAsia CEO AirAsia chief executive Tony Fernandes says the government should not protect airlines, but give more air traffic rights to create jobs and improve tourism EPFO may invest up to 12% in equity markets: Bandaru Dattatreya In June, the EPFO invested Rs7,468 crore in two index-linked ETFs Companies raise over Rs 8,000 crore via bond issues on e-book platforms The platforms - BSE-BOND and NSE-EBP (Electronic Debt Bidding Platform) - were launched on July 1 to facilitate online bidding for private placement of debt securities. Tekes to fund Finnish innovation in India A Finnish firm is exploring ways to support compatriot firms to participate in the Indian market by funding their innovative initiatives. India's Narendra Modi seeks to realise long-awaited tax reform India is globally the fifth largest media and entertainment market, said a Deloitte report titled 'Media and entertainment industry - India tax landscape'. Bank union threatens to disclose names of 7000 defaulters Bank union threatens to disclose names of 7,000 defaulters - Union accused govt of going soft on them. Punjab Sind Bank pays Rs 53 crore dividend to government Chairman and Managing Director Jatinderbir Singh of the bank presented a cheque of the dividend amount to Finance Minister Arun Jaitley, the bank said. New RBI governor unlikely to cut interest rates in hurry; here's why It is unlikely that the new governor would change the RBI stance on the inflation outlook, especially when risks to inflation are at play, says DK Aggarwal. We may actually be close to passing GST Bill: Swaminathan Aiyar There is no need for constitutional amendment. Leave it to the judgement of whatever the future governments are. Rich Asians seen turning more to private banks after Brexit About a quarter of high-net-worth investors in Asia were clients of private banks as of May, up from 10 percent three years ago, according to a recent study. Changes in APmC Act: Flash strike by Pune retail traders paralyses Sunday shoppers Earlier this week, wholesale markets across the state were closed as traders had gone on strike protesting changes in the Agricultural Produce Market Committee (APMC) Act. RIL clubs petrol pumps with retail arm RIL has merged its 361 'company owned-company operated' fuel retail pumps with its organised retail business, which thus far included its digital, fashion and lifestyle businesses. Samsung to focus on mid-level and premium products to grab market share from rivals LG & Videocon The smartphone business contributes about 70 per cent to its sales in India, with consumer electronics accounting for the rest. From plate to plough: A thought for food New FDI policy in food products is unlikely to be a game-changer by itself. Government must clear up the policy environment. 'GST can lower cost of logistics industry by 20 per cent' Logistics industry is projected to grow at a compounded annual growth rate of 15-20 per cent between 2015-16 and 2019-20 that will get a further boost if GST is rolled out from this year, which can t Growth of online sales forcing retailers to review employee commissions Rising online sales are prompting some Canadian retailers to consider overhauling the commission structures that motivate their store employees to deliver strong customer service. Pokemon GO stokes retailer interest Augmented reality mobile game has opened numerous branding opportunities and the biggest at the moment is for this segment Spykar eyes doubling sales to Rs 700 crore in 4 years The company enjoys advantage in smaller towns, from where it gets 60 per cent sales. Tier I cities account for 40 per cent sales. Keep magic of summer alive with new Starbucks Frappuccino Flavors Starbucks continues to captivate customers with a special round of ‘Meet me at Starbucks for Awesome Thursdays’ in select stores across 6 cities Mumbai, Pune, Delhi, Bangalore, Chennai and Hyderabad. OTT, VoIP and net neutrality OTT service providers and network operators share a collective interest in ensuring recurring investment in high quality and high speed networks Before Reliance Jio launch, Airtel follows Idea in slashing data rates Airtel’s move comes only 2 days after Idea Cellular revised its internet tariffs Mobile norm counters Make in India Mobile handset vendors have urged the finance ministry to review the new telecom equipment import norms that have increased the cost of manufacturing cell phones in the country, defeating the Narendra Modi-government's "Make in India" mission. Reliance Jio backs largest ever Indian Olympic contingent "This is yet another key milestone in the company’s endeavour to empower and support national sporting talents," the company said in a statement. Internal audit finds lapses by ex-Jabong executives; transfer of logistics unit Gojavas under lens The report also found that Sinha, Mohan and Malhotra had interests in third parties trading with Jabong, and that the allegation of collusive trading is partly supported. Dreamworld Digital in talks with private equity companies to raise upto $5-6 million Company wants to launch Bollywood locations tourism, wherein the company will partner travel agencies to create custommade Bollywood theme tours. Why are we so obsessed with speculating the future of Flipkart, Snapdeal and Amazon? All possible permutations and combinations between the existing big players in the e-commerce industry have been written about. Millennials are relying on apps and websites for loans but it's also risky Many young salaried professionals and students are opting out from borrowing from friends and instead going for a new breed of fintech companies like CASHe. E-commerce aggregator Baggout gets funding from Jabong CTO, CommonFloor CEO knowstartup (press release) knowstartup (press release)New Delhi-based product aggregation website Baggout has raised funding from multiple angel investors, co-founder Deepak Jain told VCCircle. He declined to disclose the amount the startup raised. The investors are Jabong CTO Sumit Jain, CommonFloor ... 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