Jul 26, 2016 - Government asked PSBs to leverage Rs 22,915-crore it provided to raise funds

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Sree Vijaykumar From the Editor's Desk Unilever just bought Dollar Shave Club for $1 billion. 'The disruption of everything' may be a little click-baity in the title of this article, but the company makes for a very interesting case study. This subscription service for shaving razors (pricing starts at $1 a month) and other men's products disrupted a shaving razor market dominated by Gillette, which was running out of reasons to charge more for its razors (5 blades, anyone?). Razors is also a great category for a subscription model because it is a perennial requirement and low involvement product for men. Of course, the whole journey started with this hilarious introduction video by the company's co-founder Michael Dubin in 2012. Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Government asked PSBs to leverage Rs 22,915-crore it provided to raise funds The instructions were passed on when CFOs of public sector banks met senior finance ministry officials in Delhi last week to discuss the capital allocation. How ITC got its act together The story of ITC’s transformation is one of turning a proverbial threat into an opportunity Diagnostic chain Supratech hires Motilal Oswal to find buyers Supratech CEO Sandip Shah says they have hired an investment banker, but are yet to make a final decision on stake dilution plans Governments must show respect for RBI autonomy: D. Subbarao The former RBI governor says political establishment needs to show that it respects the autonomy of democratic and public policy institutions in the country Private equity funds signal optimism for the real estate sector Sustained PE interest in the sector shows confidence in the long-term real estate story in the country Cairn's loss is Vedanta's gain in sweetened merger deal Moody's Investors Service has said that Vedanta’s (unrated) revised merger terms with Cairn India (unrated) would not have any immediate impact on Vedanta Resources plc's B2 corporate family rating (CFR), Caa1 senior unsecured notes rating and negative outlook. Glenmark raises $200 million in overseas bonds Glenmark raised the funds through a five-year bond issue with a coupon rate of 4.5% SUUTI to pare Axis Bank, ITC, L T stakes in first phase Govt also eases a conflict-of-interest clause for investment bankers to attract more bankers to the sale IDBI Bank plans to raise Rs28,000 crore via equity, debt Shareholders of IDBI Bank approved an enabling resolution for issue of shares aggregating up to Rs8,000 crore inclusive of premium amount through various modes including QIP Yahoo’s demise: Nice guy founders are partly to blame During the 2000s, Yahoo’s biggest mistakes were failures of will Amtek said to expand asset sale to include all overseas units Amtek expects to raise over $1 billion from the process ICICI, Axis bank join Swift's global payments initiative The initiative aims to enhance cross-border payments by leveraging Swift's messaging platform and global reach and in the first phase, the initiative will focus on business-to-business payments. RBI penalizes three banks in forex scam RBI imposes penalties of Rs5 crore on Bank of Baroda, Rs3 crore on Punjab National Bank and Rs2 crore on HDFC Bank. Reserve Bank of India imposes penalty of Rs 5 crore on Bank of Baroda The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore on Bank of Baroda (BoB) after it found irregularities... Five start-ups that have changed their business models to survive fund crunch A look at some start-ups which have executed so-called pivots in their business models over the past six months, primarily because of a cash crunch Indian Overseas Bank, Central Bank to benefit from capital infusion: Moody's Last week, the government announced a Rs 22,915 crore capital infusion into 13 PSBs. Of this, IOB received Rs 3,101 crore and Central Bank got Rs 1,729 crore. SC issues notice to Vijay Mallya on banks’ plea Court also extends time for the debt recovery tribunal to complete hearings in the Vijay Mallya loan default case Govt's urge to control everything is inconsistent with liberalised economy: Arun Jaitley Arun Jaitley said India did not have the 'intellectual honesty' to admit that the previous economic model was at least 'partly fraud'. In 25 years, India has never really embraced reform A quarter of a century ago, India took a momentous turn and decided to open its economy to the world. With a looming balance of payment crisis on one hand and a teetering economy on the other, India was on the brink of an economic crisis. It was at that precise moment that Prime Minister Narasimha Rao, mustered political courage and gave a go ahead to the then Finance Minister Dr Manmohan Singh to 'open up' the economy. Twenty five years later we ask, are we better off? Has India benefitted from liberalisation? Has the pace of reforms slowed down? Why can't politicians cut across their ideological divide and arrive at a consensus on reforms? Would it be true to say that the benefits of liberalisation failed to percolate down to the have nots? On this very special episode of The Big Fight we bring to you some of the people who played a crucial role in charting India's future. India's reverse Brexit: GST will create million of formal jobs GST Bill ­ India's reverse Brexit moment that will end state-by-state rules and create a national market for goods to be supplied from anywhere to anywhere. Myntra to remove 200 low-selling brands, to focus on larger brands Online retailer plans to focus on larger brands with higher traction after pruning 10% of its fashion labels; more delisting expected is in future. Government may regulate e-Pharmacies soon The sub-committee has defined terms related to online medicine retail, including e-prescriptions, online pharmacies, over-the-counter (OTC) drugs. Jewellery glitters but doesn't strike web gold Trinkets for office and parties sell online, but for larger events like weddings, customers still head to the local jeweller Amazon overtakes Flipkart as most favoured retail destination: Report Amazon has, for the first time since 2014, surpassed Flipkart as the preferred online 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. Improvement in last one month: Services quality, performance of telcos satisfactory, says Manoj Sinha On Friday, the telecom minister had highlighted the issue of call drops in the Rajya Sabha and said that operators would face action for using radio-link technology (RLT) to mask call drops. Telecom Commission recommends at least 3% spectrum usage charge, The move will impact Reliance Jio Infocomm and Aircel the most if approved by the cabinet Sources in the DoT said the panel's decision would create a level-playing field among operators and also increase the revenue of the government US asks India to eliminate customs duties on ICT products Deputy US Trade Representative Robert Holleyman also said that next month top officials of both the countries will hold the strategic and commercial d.. Digital payments will touch $500 b in India by 2020, says report Non-cash transactions will overtake cash by 2023, says Google-BCG study This Bug Will Let You Snag A Reliance Jio 4G SIM Reliance Jio has partnered with Samsung exclusively to sell their 4G enabled SIM cards, wherein owners of selected Samsung smartphones can use the MyJio app to generate a unique code and then go to a Reliance store to get their SIM.   Recycling companies stymied by unorganised players struggle to scale up The startups are seeking effective quality norms for recycled products and homogenous applicability of tax laws to plug leakages. Qwikcilver raises funding, to invest in scaling growth Qwikcilver's technology is deployed across more than 500 cities and towns in over 10,000 premium brand stores, ecommerce portals and mobile platforms. Verizon to acquire Yahoo for USD 4.83 billion The sale does not include Yahoo's cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo's convertible notes, certain minority investments, and Yahoo's non-core patents. - Lenovo Vibe K5 Note to be exclusively available via Flipkart The Lenovo Vibe K5 Note will be available via Flipkart. According to the recent teaser, the smartphone comes with 4GB of RAM. - Consumer Empowering Initiatives Launched | Khabar India news Khabar India Khabar India(i) Pradhan Mantri Ujjwala Yojana (PMUY)Government has approved Rs. 8000 crore under the Pradhan Mantri Ujjwala Yojana (PMUY) for release of 5 crore ...sp;» #Dealwire: Verizon Buys Yahoo for $4.83B; Quikr Acquires Hiree & More Firms covered in this segment include Verizon, Yahoo, Quikr, Hiree, Teradata, Big Data Partnership, Hansa Cequity, D-Square, Unilever, Dollar Shave Club, Fella Homes and LifePad Put your money where your mobile is the advertising game Flipkart, Zomato and many others play 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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