Jul 25, 2016 - Government set to start talks on merging 13 state Oil cos to create behemoth

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Sree Vijaykumar From the Editor's Desk Peter Thiel, the first outside investor in Facebook and celebrated Silicon Valley entrepreneur, is endorsing Donald Trump. This Guardian piece makes an argument for this rather strange association. And it might have something to do with Thiel's idea of saving capitalism. A Harvard survey from April found that a majority of millennials now say they reject capitalism; a third say they support socialism (explains Bernie's rise). A Trumpist state could do much to soothe the crisis of capitalism: it could pour public dollars into discovering the next lucrative technology for the private sector while holding the line against the redistributive clamor of a rising millennial majority. Thiel has a history of making contrarian bets that pay off big. With Trump, has he gone too far? Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Government set to start talks on merging 13 state Oil cos to create behemoth It is set to start consultations for ambitious plan to merge 13 state oil cos to create a giant corporation whose revenue dwarfs global energy majors. Verizon said to buy Yahoo in $4.8 billion deal News of the acquisition expected before US markets open on Monday; deal includes Yahoo’s real estate assets; some intellectual property to be sold separately Liberalisation has helped bring down share of volatile capital “The improvement in Indias volatile capital share since 1991 has been dramatic and reflects the beneficial effects of progressive opening and liberalisation of financial markets,” said Saugata Bhattacharya. IFMR arm raising Rs100 crore to invest in microfinance businesses The new fund will primarily invest in debt and also have a small allocation for preference shares Public sector banks: Who should get the capital? A socialistic approach to distribution of capital and survival-for-all policy will continue to encourage inefficiency in the state-owned banking system What is driving investment demand in India Overall investment growth remained sluggish at 4% y-o-y against the two-decade average of 8% on a sharp contraction in private sector investment demand Should you look at alternative loans? Amounts are small, and these loans are easy to get. But that doesn’t change the penalty of defaulting ED may seize Rs1,000 crore of NSEL assets The Enforcement Directorate will avoid targeting assets already attached by Mumbai police, plans to present united front with EOW in the case Govt should resist urge to control everything in liberalised economy: Jaitley The government should resist the urge to control everything in a liberalised economy, finance minister Arun Jaitley said on Sunday. Byju’s in advance talks to raise $50 million from new investors Byju’s plans to use the raised funds to fuel international expansion and inorganic growth through global acquisitions GST Bill listing in Rajya Sabha likely this week, Arun Jaitley to meet state finance ministers The meeting may take up changes as demanded by the Congress in the constitutional amendment Bill, including one for scrapping of one per cent additional tax in hands of the states, official sources said. NSE revamps board; appoints Mohandas Pai, 2 others as directors Other than this the board had also formed a listing committee to accelerate the listing process and assist the Managing Director and Chief Executive in this. Payments banks in India: Banking on the unbanked After a series of setbacks—like the recent withdrawal of three ‘in-principle’ licence-holders, eventually leaving only eight in the fray—the concept of payments banks seems to be finally inching closer to reality Union Minister Pradhan for merger of CPCL with IOC Union Minister of State (independent charge) for Petroleum and Natural Gas Dharmendra Religare Enterprises subsidiary exits from US-based affiliates Religare Enterprises stock closed 0.58 per cent up at Rs 278 on BSE on Friday. State Bank of India to bear legal costs for retired staff As part of the policy if retired State Bank employees have acted in good faith and they continue to fight legal battles against defaulters post retirement. The mobile app is proving to be a big intervention to promote brands: Bidisha Nagaraj Interview with Group president, marketing, Coffee Day Group Himalaya plans scaling up e-com biz, targets Rs 100 crore by 2018 The Rs 2,000-crore company launched sales through its online portal himalayahealthcare.com in 2008, which it subsequently rebranded to himalayastore.com. Toonz Retail eyes Rs 100-cr sales by FY18 Sharad Venkta further said: "We are looking at positioning change with new brand by opening smaller stores in metro cities and in premiums shopping malls." From the mountains, Ganga descends in a bottle via Speed Post What makes the scheme unique is that it is the “first end-to-end product operation being handled by India Post”. Investors continue to back startups in the online fashion segment Excessive discounting, heavy promotional spend and burgeoning staff expenses have taken a toll on startups in the scramble to frantically scale up business by burning investor money. ABFRL's Madura F and L launches 'Buddy' from SBI across its 1200 plus stores State Bank of India has partnered with IRCTC and Aditya Birla Group to start digital booking of railway tickets through its payment application, State Bank Buddy. India's smartphone revolution: 35 units, 37000 jobs in 2 years Overall mobile phone production was about 68 million in 2014, increased to 100 million in 2015 and 350-400 million in July 2016 Here is how they make phones at Karbonn The Bawal plant, set up within a span of six months, is expected to manufacture 30 million mobile units per year, says Karbonn Telecom Commission may decide spectrum usage charge on July 25 India's telelcom sector: A revolution in true sense - There was no way this would have happened if liberalisation, privatisation and globalisation had not been aggressively chased by consecutive governments. US telecom giant Verizon nears $5-billion deal to buy internet pioneer Yahoo Verizon Communications is nearing a deal to buy Yahoo, beating out rival bidders for the iconic web pioneer, people familiar with the matter said. Telecom Minister to meet telco CEOs over call drops issue Telecom Minister Manoj Sinha is scheduled to hold his first meeting with CEOs of mobile service providers to discuss call drops issue. Vodafone to continue preparation for India IPO Telecom network operator Vodafone India has posted 3.4 percent drop in revenue to €1,519 million or $1,675 million in the first quarter ended 30 June 2016. Vodafone India added 3,300 new 3G sites and 9,700 4G sites. Vodafone will be going slow on 4G network expansion in India due to the high cost of spectrum. Organic service revenue Vodafone India revenue drops on data; IPO on track, says company Vodafone India, the country's second-biggest telecommunications company, on Friday said its high-margin data revenues slowed down during the April-June quarter to about 22.3% compared to the pace in previous quarters, hurt by slower uptake in data services by its subscribers, which in turn dragged down its overall revenues. Infosys cofounder Nandan Nilekani invests in ecommerce startup 10i Commerce Services After operating quietly for over a year, Bengaluru-based 10i Commerce Services is aiming to expand quickly across hundreds of towns and cities in India. HNIs, PE funds bet big on warehousing, logistics Last year, ecommerce became the second largest driver for demand for warehousing space in India according to data from property advisory firm CBRE. With GoJavas, will Snapdeal snap a deal? Things have changed a lot in the last few days for Snapdeal, which might just lose the amount they had invested in GoJavas. ABFRL's Madura F and L launches 'Buddy' from SBI across its 1200 plus stores Madura Fashion and Lifestyle (MF and L), a division of Aditya Birla Fashion and Retail Limited, India's largest pure play fashion apparel company has partnered with India's largest public sector bank - the State Bank of India (SBI), to launch payments through their Amazon's Jeff Bezos beats Warren Buffett as world's third richest Thursday , topping Buffett by $32 million on the Bloomberg Billionaires Index. With the gain, Bezos's wealth has increased by $5.4 billion this year, marking a resurgence after it fell to as low as $43 billion in February amid turbulent global markets. Why software engineers are getting that sinking feeling? “We have noticed a sharp moderation in technology job postings in the U.S. at job aggregators and analytics firms like Indeed and Burning Glass,” said Sandeep Muthangi, VP-Research, IIFL Institutional How to go about working for an Indian startup? Startups have become principle job creators in the country over the last 24 months. With thousands of new ones popping out every year, the best 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