Jul 19, 2016 - Raghuram Rajan warns against rupee depreciation;says will make imports costlier

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Sree Vijaykumar From the Editor's Desk Has the internet destroyed the truth? Even worse, has it helped create phenomena like Donald Trump and Brexit? The media landscape today is fragmented, with no gatekeepers held responsible for bringing us the truth. Whatever you believe, you can find online, and social networks like Facebook will give you more of what you want, not necessarily the truth. Is this why our world seems so divided, so willing to fight every issue and non-issue on the basis of uninformed opinions, not facts? This Guardian piece delves deeper into this. How does one get responsible journalism in today's day and age? And who is going to pay for it? Raghuram Rajan warns against rupee depreciation;says will make imports costlier Terming the currency a complicated animal, the RBI Governor said some of Indias emerging market counterparts like Brazil have had significant devaluations. Start-up: In the present fund matrix lies future concern While 20 of the most high profile start-ups have raised around $9 billion in capital funding over the past seven years, a lion’s share has come from just 12 big-ticket investors. India can grow at over 8 per cent, if global environment supports, says CEA The CEA argued that a basic income scheme can be tried in the most disadvantaged regions, rather than making it universal to start with. Max Life promoters negotiating non-compete fee with HDFC Minority shareholders of Max Financial Services will have to approve fee to be paid by HDFC Life to MFS promoters. Star India invests $10 million in data analytics start-up Sagacito Star India has invested $1 million in Sagacito against 10% equity and $8.2 million through a build-and-operate model Developers, private equity funds set sights on hospitality sector Firms are choosing IT parks, mixed-use development projects eyeing demand from domestic and business travellers RIL to increase Reliance Jio investment by Rs15,000 crore RIL says will increase equity in Reliance Jio from Rs45,000 crore to Rs60,000 crore shortly by way of a rights issue; funds will be used to expand wireless network Cashify acquires MobiBing in cash and stock deal Cashify aims to increase and strengthen its presence in south India Syndicate Bank issues Rs 930-crore bonds to boost capital base The capital was inclusive of the Greenshoe option, which allows benefactors to sell investors more shares than formerly planned by the issuer, the bank said. RBI creating registry of banking correspondents: Rajan Raghuram Rajan also stressed on the importance of systems that offer security of transactions even to the unsophisticated user Adani Power seeks shareholders nod to raise Rs 10,000 crore more The special resolution of the firm is listed on agenda of the Annual General Meeting of the company scheduled on August 9, 2016, Adani Power said in a BSE filing today. Can a ‘junk food tax’ work? Time will tell whether Kerala’s recent plan to counter the increasing incidence of obesity will succeed. But it’s certainly giving people enough food for thought SoftBank’s Masayoshi Son makes biggest bet in long career backing tech SoftBank’s $32 billion bid for ARM Holdings Plc is predicated on the notion that succeeding generations will come to depend on smart appliances ESAF Microfinance seeks final nod for small finance bank The microfinance institution (MFI) has presence in 10 states and will start banking operations with the 10 branches BlueStone raises Rs200 crore in Series D round This round of investment in BlueStone saw participation from Singapore-based VC fund RB Investments, besides existing investors Kalaari Capital and IvyCap Ventures PE firm Paracor Capital to invest $70 million in residential projects Paracor Capital will deploy the capital committed by offshore investors, in both early-stage and under-construction projects in tier I cities Finance Ministry officials oppose govt's GST Network plans Babus oppose GST Network plans: Expenditure Secretary and Central Board of Excise and Customs officials within the Finance Ministry have raised strong objection why the project is being given in private hands when government is capable of putting the computer system in place. Jaiprakash Power approves sale of Bina power plant to JSW Energy Sale is to be executed via sale of shareholding in a special purpose acquisition entity called Bina Power Supply India to flash its achievements for a better ease of doing biz score The Department of Industrial Policy & Promotion has informed the World Bank of reforms undertaken across 14 parameters on which the ranking is decided. 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. In utilities, PSUs beat private firms on consistency in return on equity The average RoE of five PSUs was 11% in the past fiscal, while those of nine private sector firms stood at 4%, data show Coca-Cola's former head of marketing Shripad Nadkarni sets up food startup Nadkarni, who started marketing consulting firm MarketGate after quitting Coca-Cola in 2005, had sold the company to Publicis Groupe about four years ago. Illegal wildlife trade running on Snapdeal, Quikr, Olx, Ebay, Amazon, says government In a written reply to a question in the Rajya Sabha, Dave said a meeting of representatives was convened on May 19 to sensitise them on illegal trade. Govt departments can now make online purchases through e-marketplace Commerce ministry makes way for online purchases for govt. departments through e-marketplace E-commerce sites have second highest share of grievances “In some cases, people complain about their reduced and non-payment of salary .There are also cases where callers asked for return of Rs 2.50 crore they paid for a car,“ said a supervisor. 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. The country is the world for local brands: Josep Montserrat Interview with Worldwide CEO & GM and country head, Kantar Worldpanel and Senior vice president (media and retail), IMRB Shares fall as telecom firms cut data tariffs thanks to Reliance Jio, which claims to offer internet speeds 10 times faster at cheaper rates Airtel's new Internet pack scheme offers close to 67 percent more data benefits for pre-paid customers. Telecom subscribers grew by 3.5million to 776.97million in June Net subscriber base of six major telecom operators grew by 3.5 million to reach 776.97 million users in June 2016, after witnessing a degrowth Mobile Internet Users in India Could Have a Jolly Time in 2016 Billionaire Mukesh Ambani’s plan to begin mobile services at Reliance Jio Infocomm Ltd. by August has caused incumbent operators led by Bharti Airtel Ltd. to cut data tariffs to stem defections. After Microsoft's Free Basics Moment, Spotlight on White Space Tech The DoT is undertaking an internal audit of just how much spectrum is up for grabs, while the telecom regulator may kick off a consultation process in the coming months. Ex-Reliance Jio executive Deval Parikh joins Beetel as CEO At Jio, Parikh also led the youth segment and other national and regional roles. Reliance Says Jio 4G Network Commercial Launch in 'Coming Months' India's Reliance Industries Ltd (RELI.NS) said it will launch fourth-generation wireless services commercially in the coming months as the energy-to-telecoms conglomerate reported a forecast-beating 18 percent rise in first-quarter profit. Reliance Jio 4G SIM available to almost everyone now, Airtel Idea slash data prices Samsung and Apple have joined hands with Jio to offer 4G data, on the other side Idea and Airtel have slashed prices of their 4G data plans to face Jio's aggressive pricing. Telecom ministry to reject Trai's SUC formula Assocham has opposed any restriction by way of a telecom service provider (TSP)-agnostic platform and urged the telecom regulator to restore pricing f.. Global e-commerce market is worth $22 trillion: UNCTAD China is the worlds largest business-to-consumer (B2C) ecommerce market, both in terms of sales and in number of online shoppers, followed by the US and Japan. India's Flipkart Has an Amazon Problem Hobbled by self-inflicted wounds and a price war, the Indian e-commerce company is girding for battle with a deep-pocketed rival. DEN Networks takes control of Snapdeal home shopping JV MUMBAI: Jasper Infotech CEOs Kunal Bahl and Rohit Bansal are working on getting their ecommerce platform Snapdeal in ship shape by focusing on customer satisfaction and net revenues instead of gross merchandise value (GMV). This follows the march that rivals such as Flipkart and Amazon have stolen from it. | | Indian Television Dot Com DSP Blackrock, UTI MF among buyers as CGEL raises Rs 650-crore from bond issue Since May 13, the first day of listing, Crompton Electrical shares have jumped nearly 6% to close at 140.25 on Monday at the BSE. On debut, they had hit the 5% upper circuit limit. IIFL and RB Investments Pte invest INR 200 crore into Bluestone IIFL and RB Investments Pte have led Rs 200 crore Series D round in online jewellery retailer Bluestone at undisclosed valuation. Jabong could be acquired at much less price: Will the bubble finally burst? But what has caught our attention is that both companies are reportedly looking to buy the fashion e-retailer owned by Global Fashion Group at almost fraction of the sum, which is even less than $50 million. Telecom player Idea cuts rates by upto 67% or big data packs Its 2 GB data pack is now priced at just Rs 349, as against the earlier price of Rs 449, which will now fetch 3 GB of data. Wipro's Azim Premji rules out any contagion effect of Brexit Observing that China's growth had slowed down, impacting commodity prices globally, Premji said its focus had shifted to services from manufacturing. Global security software market at $22 bn in 2015 : Up by 3.7%, says Gartner The top five vendors, who together accounted for 37.6 per cent of the security software revenue market share, displayed a collective decline of 4.2 per cent in 2015. 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