Aug 12, 2016 - Sistema to seek nod afresh to up foreign holding

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Sree Vijaykumar From the Editor's Desk The single most important thing a boss can do, is focus on guidance: giving it, receiving it, and encouraging it. Guidance, which is fundamentally just praise and criticism, is usually called "feedback," but feedback is screechy and makes us want to put our hands over our ears. Guidance is something most of us long for. At First Round's recent CEO Summit, Kim Scott shared a simple tool for ensuring that your team gets the right kind of guidance - a tool she calls 'radical candor.' Full article here Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Sistema to seek nod afresh to up foreign holding SSTLs comments come amid news of the FIPB rejecting its application to increase foreign holding beyond 74 per cent for a second time. Times Internet partners HDFC Bank to launch co-branded Debit Card The card marries the concept of Times Points, an online loyalty product with over 18 million users, and Times Card, a co-branded credit card. The rise of Aditya Birla Financial Services Over the decades, Aditya Birla Financial Services has grown into a Rs9,300 crore business, with a potential valuation upwards of Rs25,000  crore Five areas that could have an impact on India's economy From sustainable urbanization to unlocking the potential of women, new research by McKinsey Global highlights India’s opportunities and challenges Net banking frauds: RBI sets customer liability norms Concerned over the rise in complaints about unauthorized electronic transactions, the Reserve Bank of India has introduced a policy of 'zero liability' for customers in third-party frauds if they are reported within three days. Piramal Fund plans to focus on equity investments in real estate Piramal Fund Management has a $300 million offshore platform in the works and plans to deploy about Rs500 crore for land transactions Venture capital market in India comes of age The surest sign that a venture capital market is maturing, or at least is on its way there, is when new funds and fund managers start up right in the midst of a correction Intel Capital going slow on India start-up investments The move is in line with Intel Capital’s overall strategy of restructuring, where it has decided to slim down operations Hero FinCorp set to close PE fundraising worth $100 million Hero FinCorp, which took birth as Hero Honda FinLease Ltd in December 1991, recorded a turnover of Rs771 crore in 2015-16 against Rs298.62 crore in 2014-15 Richfeel Health Beauty in talks with PE funds to raise Rs100 crore Richfeel, started in 1986 by Apoorva Shah and Sonal Shah, both trichologists, has 75 clinics in 25 Indian cities Impact assessment is the CSR game-changer Companies are opting for assessment studies to ensure long-lasting impact and optimal use of funds Suvidhaa Infoserve plans to raise $10 million via private placement This will be the fourth round of fundraising by Mumbai-based Suvidhaa Infoserve and will take place after a gap of five years India in extremely optimistic territory in consumer confidence, says survey Mastercard Index of Consumer Confidence for H1, 2016 has placed India in extremely optimistic territory. India also further solidified its position with a score of 97.6, moved up to second spot in Asia Pacific (APAC). The overall consumer Customer not liable if fraud due to bank's negligence or third breach: RBI draft In cases where customer's own involvement is not clearly established, customer liability will be limited to a maximum of Rs 5,000 if he reports within 4 to 7 working days. Kotak Mahindra Bank integrates with Flipkart, to provide seamless shopping experience for its customers Customers can now shop at Flipkart via the bank app which also allows booking of air tickets, hotels and bus tickets. RBI raised forex interventions under Raghuram Rajan Between September 2013 and June 2016, the RBI was a net buyer of an aggregate $87 billion Pakistan hacker defaced Canara Bank site, tried to block e-payments Within 24 hours of the attack, RBI, in a letter marked ‘confidential, advised bank chairmen to review funds lying in their banks (overseas) nostro accounts. India Value Fund Advisors, Baring Asia team up to buy ICICI Home Finance ICICI Bank had put the home finance arm on sale in July last year and was expecting a value of around Rs 4,400 crore. Snapdeal is not ready to sell its GoJavas stake GoJavas, which began life as an arm of fashion retailer Jabong and was spun off as an independent company in 2013, is co-owned by Snapdeal. Being in India is helping us fine-tune the business model: IKEA CEO Juvencio Maeztu We need to have a more simplified process when it comes to costing, moving goods within the country and labelling, everything related with the movement of goods between the states. Will double sourcing from India to 600 mn in four years, says Ikea In India, it has 50 suppliers with 45,000 direct employees and 4,00,000 people in the extended supply chain. Future's Paytm tie-up to help it ride with Alibaba Alibaba plans to debut its biz-to-consumer site Tmall in India in 6 mths. One of the options being considered is morphing the Paytm marketplace into Tmall. Amazon's Junglee to take on OLX, Quikr Bezos plans to dominate e-tail space by getting into used goods Trent Posts 60% Jump In Q1 Profit Tata Group retail firm Trent Ltd on Thursday reported a 60.62 per cent jump in standalone net profit at Rs 23.29 crore for the first quarter ended June 30, 2016. Chai Point to invest 15 cr to open 60 stores To enter the Chennai market in December with its corporate service boxC.in Spencer's Retail launches 'Freedom Weekend' campaign Spencer’s Retail Ltd, a part of the RP – Sanjiv Goenka Group, on Thursday, announced t Rakesh Biyani on online discounts: Rule of law is the govt's responsibility If there is a possibility of violation of the rule of law, it is the job of a government agency to do that. We are not here to investigate, says Rakesh Biyani of Future Group IKEA plans 25 stores in India over 10 years IKEA Group, the leading Swedish home furnishings company, plans to open 25 stores over next 10 years in India. It also plans to double its sourcing from India to 600 million euros by 2020.The strateg Logistics start-up Rivigo orders 1,200 Ashok Leyland trucks The company is aiming to have the largest fleet in the industry Rural 'next big focus' for ShopClues Aims to reach 300,000 offline, high-traffic small stores over next 18 months Untapped Potential for eCommerce in Rural India The rural India is a fascinating sector for all the eCommerce companies owing to the factor that return rate is almost zero in these locations. Axis Bank, Suvidhaa Infoserve tie up to offer 'Nano Credit' It was a day when two private sector banks — Axis Bank and Kotak Bank — tied up with t Kotak Mahindra Bank integrates with Flipkart, to provide seamless shopping experience for its customers Kotak Mahindra Bank (KMB) and Flipkart have entered into a tie-up which the private lender's mobile banking application will have the e-commerce major's mobile site. E-commerce website announces 200% sale, will pay you to buy from their website 80.3% Indians don't want to share their personal details while shopping online: Study DigitasLBi has conducted an international Connected Commerce survey of emerging trends in multi-platform shopping FDI in multi brand retail: As Amazon, Flipkart play in India, time to end e-tail hypocrisy CAIT said that during past three days these companies have given big advertisements in media announcing sale on their platform which is a violation of FDI guidelines on e-commerce. 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