Jul 29, 2016 - Banks sell less number of stressed assets, see silver lining in economy

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Sree Vijaykumar From the Editor's Desk This fascinating piece titled 'How Jerry Yang killed Yahoo, by Saving it', discusses how ironically, the Yahoo sale became an inevitability not in spite of Yang's amazing Alibaba heist, but because of it. Here's Bloomberg View's Matt Levine's comments on it. ".. what is much more shameful is that the whole point of Yahoo as a company right now is to not pay taxes on Alibaba. I realize that seems a bit hyperbolic, but just look at those numbers. Those Alibaba taxes are worth at least two and a half times the value of Yahoo's entire business. If there was a way to avoid paying taxes on the Alibaba shares that involved burning all of Yahoo's actual businesses to the ground, Yahoo should do that all day long, and then do it again the next day. It would still add shareholder value". Read the full article here. Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Banks sell less number of stressed assets, see silver lining in economy Given the rising economic activity, banks believe the price at which ARCs were willing to buy those stressed assets may not be worth selling. DHFL to raise Rs 4,000 crore from bonds linked to inflation The core issue size is at Rs 1,000 crore while the company will retail oversubscriptions up to Rs 3,000 crore, totalling Rs 4,000 crore. Finance Ministry warns tax officials on resolution against revenue dept The government has made it clear to all field functionaries that no such unfair means will be used for jacking up achievement, the official said. Punjab National Bank: the devil is in the details The road to recovery for Punjab National Bank is a long one because maintaining this pace of recovery and upgrades would be a key challenge going ahead Entrepreneurship can’t be outsourced Rocket Internet’s Jabong sale shows that you can’t buy entrepreneurship, and if you are attempting to, make sure that it’s aligned well New funds look to raise $2 billion by leveraging 'emerging India' About two dozen private equity sector executives who have launched new funds are looking to capitalize on rising investor interest o3 Capital is raising a $150 million fund focused on hospitality The investment banking firm will target assets nearing completion that need last-mile funding to become operational After Max Life merger deal, Axis Bank ties up with LIC Axis Bank has signed an agreement with Life Insurance Corporation to distribute policies of the country’s largest life insurer. Oracle to buy NetSuite for $9.3 billion to gain cloud computing clout The deal will quicken Oracle’s move towards a cloud computing model even as software licensing business struggles Jet Airways to raise $185 million loan from West Asian banks Jet Airways is in discussions with Dubai-based Mashreqbank PSC for raising the money in collaboration with other leading banks in West Asia such as Abu Dhabi Commercial Bank and First Bank Foreign capital flow into emerging market climbs to $25 billion Inflows were dominated by EM (emerging market)Asia, followed by Latin America, while EM Europe and Africa, Middle East saw modest outflows. NBFCs cashing in on unmet demand by banks: Morgan Stanley According to the financial services major, though private sector banks are leading the charge in retail sector, non-banking finance companies (NBFCs) are quite close on their heels. SoftBank’s tab for Nikesh Arora’s 2-year tenure at $300 million SoftBank booked 6.8 billion yen in expenses arising from Nikesh Arora’s resignation, on top of 24.6 billion yen he received in compensation over his tenure Modasta raises $1.5 million from Mauritius-based HNIs Modasta will use the funds for business growth, upgrading technology, talent acquisition and marketing outreach activities Why are PE funds interested in Indian labour rooms? More than `600 crore has been deployed in Indian maternity clinics in the last eight months by private equity investors Excited about hyper-local business, says Amazon Amazon India today said it is excited about the hyper-local e-commerce segment and hinted at expanding its 'Amazon Now' service beyond Bengaluru despite existing players facing multiple challenges. Competition Commission dismisses complaint against e-retailers Rejecting the complaint, Competition Commission of India also said it appears allegations are regarding abuse of collective/ group dominance. E-commerce troubles: CXO salaries lose steam Many who got swept up during the boom of 2014 and 2015 are getting back to lower-paying but stable jobs at half their previous salaries in some instances. No plans to shut jewellery business: Reliance Retail Mukesh Ambani-led Reliance Retail may soon exit its jewellery business in the face of stiff competition from regional players. The company operates a chain of jewellery stores under Reliance Jewels brand with more than 50 outlets under its belt. E-commerce to help add 12 million jobs in next 10 years: Pranjul Bhandari, Chief India Economist, HSBC We are actually just seven years behind where China has been in terms of ecommerce and we are at a point from where China really took off very rapidly FIPB nod for Tommy's e-tail biz, own stores American fashion apparel major Tommy Hilfiger received Foreign Investment Promotion Board (FIPB) approval to run own stores and start e-commerce in India. The approval, granted earlier this week, came nearly four years after its Indian arm, Tommy Hilfiger Arvind Fashion, first moved the application, said a source directly familiar with the matter. French luxury label Longchamp plans to open six stores in India Longchamp owns more than 300 exclusive stores globally and retails from another 1,500 points of sale and has a workforce of around 3,000. PC Jeweller raising $38mn from Fidelity Delhi-based jewellery retailer PC Jeweller Ltd is raising Rs 257 crore($38.2 million) from US-based investment firm Fidelity to support its expansion through small sized and franchised stores. The firm said on Wednesday that its board has approved the preferential allotment of compulsorily convertible preference shares to several investment entities under Fidelity. It did not share further details. But based on last traded price of PC Jeweller a day ahead of the announcement, Fidelity run funds would pick around 3% stake, as per VCCircle estimates. Reliance Jio set to rev up 4G in India Bharti Airtel is “very concerned” about slowing data revenues and feels only a sharp reduction in smartphone prices to the sub-Rs 1,000 level can .. United Arab Emirates can now fine you for using a VPN Better think twice before firing up your favorite virtual private network in the United Arab Emirates, you could be fined up to $545,000 USD. Does India Need a Telecom Ombudsman? Trai Wants Your Opinion Aiming to address customer grievances at a faster pace, the telecom regulator on Thursday issued a consultation paper where it sought opinions from stakeholders on whether setting up an ombudsman will help in the redressal mechanism. India's digital transformation and the role of Mobile Commerce in it Digitalisation has slowly replaced other means of communication, with the advent of Facebook and other social networking websites. You get to cover a large base in a lesser time. iPhone market prices in India may go up from August 1: Report Earlier in April, Apple allegedly asked retailers to increase the prices of older iPhones by up to 29 per cent because possible older iPhones were harming iPhone SE sales. It seems Apple is going to do it again as iPhone 7 is going to launch Your voice new key to phone banking A new measure introduced by some private banks makes the process of authentication adopted for phone banking much easier for users. In what will come as a major relief for users who frequently use phone banking, banks have now introduced a voice recognition Call drop a black spot in Indian telecom story: Telecom Minister New Delhi, July 27 (IANS) The telecom story in India, generally speaking, has been a "success story" the vexed issue of "call drop" has hit it like a black spot, new Telecom Minister Manoj Sinha told parliament on Wednesday Flipkart laying off underperforming staff The move, is reflective of the times for the online retail industry, which is attempting to find a balance between saving costs and chasing growth. Semi-branded is big sell LatestOne.com takes a look at the branded vs grey mobile accessories market in India Our daily transacting users exceed Flipkart, Amazon put together: Snapdeal The co, claims to have grown 1.9x in shipment volumes in just the last 1 year and has set a target of achieving 20 mn daily transacting users by 2020. Big dreams for Big Basket: Aiming to double turnover to Rs 1200 cr in 2016 "Grocery is not an easy category to work with. Delivering perishable items, managing same-day delivery targets for a wide range of products and providing uninterrupted inventory supply becomes the key to building the right kind of customer satisfaction in this business." Amazon expands office footprint Leases spaces in Gurgaon and Hyderabad, in line with its India investment plans Flashback: All that happened in Indian fashion e-commerce space in past year The fashion e-tailing market in India has boomed over the past year, as new e-commerce companies enter and existing ones sharpen their focus more on a segment Flipkart CEO Binny Bansal writes letter to employees on Jabong acquisition "The acquisition of Jabong further strengthens Flipkart Group's position as the undisputed leader in Fashion and Lifestyle segment in India," wrote Bansal. Smartphone sales slowed down in June quarter, says report The Indian smartphone market grew 15% year on year in the quarter ended June, sharply lower from the 23% growth seen in the previous quarter. Bharti Airtel worried about sluggish growth in data revenue The key objectives for Airtel for now will be boosting data penetration and accelerating data revenues without worrying too much about realisations. Technology loaded tablets changing students perceptions about 'tough' mathematics For the first time tablets have come in handy to the rural students of border belt in solving math puzzles along with learning by fun using internet and technology in classrooms after a border area's school Great India Presidency School (GIPS) introduced learning app tablets from class 1st to 6th students. Cognizant acquires Idea Couture for an undisclosed amount Cognizant Digital Works combines human insight, strategy, design, technology and industry expertise to create innovative solutions at enterprise scale. Yahoo launches a redesigned Yahoo Messenger for desktop yahoo: By Austin Shoemaker, Senior Director, Product Management Since we launched the new Yahoo Messenger at the end of last year, you’ve enjoyed an energized messaging experience built around groups. Our new platform provides you with a fast and easy way to send (and unsend) not only messages, but also photos and animated GIFs. Today, we’re delighted to announce that you can enjoy all of these features you’ve grown to know and love in our brand-new Yahoo Messenger desktop app for Windows and Mac. Want to share photos from your latest vacation or simply spice up a message? Save precious time with our drag and drop feature to share multiple photos at once. Then, spread the love by “liking” any posts or images that stand out to you. If you’d rather reply with a GIF, you can easily search and send GIFs to your heart’s content. Pro tip: play GIF roulette and type /gif + any search term. With Messenger’s desktop notifications, you can multitask at your computer without having to worry about missing an important message from family, friends, or coworkers again. We are also introducing the unsend button – one of our most beloved Messenger features now on desktop. Sent that message too soon or caught a last-minute typo? Now you can take back a message, photo or GIF (yes, even after you’ve pressed send)! You can find out more about this exciting feature here. The Yahoo Messenger desktop app is available for download today on Windows and Mac! Friendly reminder: If you’re using the old version of the Yahoo Messenger desktop app, don’t forget to update it by August 5 as the legacy Yahoo Messenger app will no longer function as we move forward! And if you have any questions while you’re transitioning to our new platform, simply head over to our help page.  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