Sep 8, 2016 - Deutsche Bank maintains cautious view on Indian market

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Sree Vijaykumar From the Editor's Desk Phrenology was a pseudoscience that was briefly popular in the 19th century. Phrenologists would run their fingers over the patient's skull, probing for bumps and indentations. Each one, they thought, was linked to personality traits. If a patient was morbidly anxious or suffering from alcoholism, the skull probe would usually find bumps and dips that correlated with that observation - which, in turn, bolstered faith in the science of phrenology. Phrenology was a model that relied on pseudoscientific nonsense to make authoritative pronouncements, and for decades it went untested. Big data can fall into the same trap. More in this Guardian piece about how algorithms rule our working lives, sometimes quite unfairly. Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Sponsors of the day Aditya Birla Finance: Easy, quick, unsecured business loans upto Rs. 10Lakhs Transjovan Capital: Want to grow your company to the next level?   Deutsche Bank maintains cautious view on Indian market The bank added that India will not stay immune in the event of any global risk contraction but it will outperform other emerging market peers.   Cautious on retail and SME segment; NRI remittance channel showing robust growth: Shyam Srinivasan, MD CEO, Federal Bank Shyam Srinivasan says he is quite sanguine about the quality of the NR remittances that are coming in. Top 5 IT stocks lose nearly Rs47,000 crore in market value, on TCS profit warning Tata Consultancy Services warned about weakness in its key banking, financial services and insurance arm Reliance rated among top 10 global energy firms: Platts survey Reliance Industries ranked 8th this year, improving from 14 position a year ago and among the top 10 of the 250 global energy businesses, finds a Platts survey RBI chief Urjit Patel starts on good note: Current account surplus buoys rupee India’s current account surplus of $3.3 billion, its first since 2007, makes rupee a safer option for global funds seeking higher yield Super Mario's iPhone surprise fuels hopes for Nintendo Nintendo shares ended the morning session up 13.2 per cent at their highest since late July, adding $6 billion to the company's market value. A lot of money is still to be made on India infrastructure: Amit Khurana, Dolat Capital “Structurally I would maintain exposure to infra as a sector and increase exposure as India infra is a long term story. ” HCL Tech would do better than Infosys in the near term: Urmil Shah, IDBI Capital Urmil Shah of IDBI Capital says that Infosys still remains our top pick which is followed by TCS, Tech Mahindra and then Wipro. High-profile stocks headed for some correction; what you can look to buy Nifty50 has already rallied over 28% from its 52-week low of 6,825 but a 200-point intermediate correction cannot be ruled out before it resumes its uptrend. Live: Sensex gains 45 points, Nifty holds 8,900; Yes Bank falls 2.2% BSE Sensex is trading higher by 45.09 points, or 0.16%, to 28,971.45, while the Nifty rises 9.40 points, or 0.11%, to 8,927.35 Max Financial seeks CCI nod for HDFC Life merger plan The company in a filing to BSE said that on September 7, 2016, it has filed a joint application with the Competition Commission of India (CCI) seeking its approval to the merger plan. .. Vedanta to hold shareholders meet on proposed merger with Cairn India today A court convened meeting for Cairn India shareholders will be held on 12 September to decide on the merger Oil rises, but output doubt tempers rally; Gold steadies Gold steadied near two-and-a-half-week highs on Wednesday while copper hit a 2-week high. Till 2020 we have visibility to grow at 30%: Rana Kapoor, Yes Bank ​ “We are also seeing fantastic accretion in CASA deposit base which is nearing 30% and helping reduce the cost of funds. This should position the bank in a strong way for the next phase of growth.” Nintendo shares soar 18% with Super Mario game debut for Apple iPhone 7 Nintendo will release Super Mario Run in Apple’s App Store in December, the first time the popular franchise is appearing on a smartphone Apple iPhone 7 available in India from 7 October for Rs60,000 upwards Apple has confirmed that the iPhone 7 and the iPhone 7 Plus will be heading to India on 7 October, and the final prices of each variant will be out well before that Apple iPhone 7 launch: Better optics, more storage and colour options Apart from the iPhone 7 line-up, there was a lot of focus on Apple Watch as well Four PE investors eye $150 million deal with Lakshmi Vilas Bank The stake sale is to bankroll the banks aggressive expansion and quest to increase its reach and it has recently hired a bunch of senior executives from larger rivals such as HDFC, Axis and RBS. Startups may be sexy, but 90% make no sense: Kishore Biyani, Future Group However, venture capital investor Mohandas Pai feels Biyanis business is getting disrupted by e-commerce startups. "Biyani is still behind the curve," he says. 'Do not bank on insecure networks' Save your credit or debit card details on any online payment website at your own risk.This was a word of caution from the HDFC officials who conducted a customer awareness campaign, along with the RBI, here on Wednesday. Defying Layoff Trends, E-Retailer IndiaMart To Invest 50 Crores A niche pays off Ikea to integrate its stores in India with online trade Ikea will explore cities such as Chennai, Pune, Surat, Ahmedabad for its expansion after setting up stores in Hyderabad followed by Mumbai, Delhi-NCR and Bangalore. 'Not yet', says Nirmala Sitharaman on FDI in multi-brand retail Sitharaman said there is an issue of last mile connectivity, adequate infrastructure and financial inclusion of segments such as farmers and small traders. 90% of start-ups are nonsense, have no meaning: Kishore Biyani Speaking at The Economist India Summit, Biyani said most start-ups' only goal is to sell themselves, need to think bigger Why hyperlocal grocery startup Zapmart wants to open offline stores Online hyperlocal grocery startup Zapmart plans to set up brick-and-mortar stores, as the Mumbai-based company seeks to avoid the risks that sank several Department of Telecommunications asks Reliance Jio to approach Trai for its grievances Department also informed Reliance Jio that interconnection is a subject to a mutual agreement between the parties concerned and may be dealt with accordingly. Telcos call regulator's VoIP paper premature Incumbents have called the consultation process premature as VoIP is still in its nascent stage in India India May Get 5G Networks With the Rest of the World: Telecom Secretary 50 billion devices will be connected to the Net in the next 5 years, say industry watchers Free lunches of Jio to choke and destroy competition: Telecos tell PMO Mukesh Ambani and Sunil Mittal face off yet again as gladiators in the latest telecom war where control over data and content will be decisive , , magazine 19 september 2016, rjio, airtel, mukesh ambani, sunil mittal 4G to account for 17% of India's total user base by 2020, 4G revenues to reach Rs 80K cr 4G revenues will reach around Rs 80,000 crore in the next few years, significantly transforming the revenue mix of service providers DoT launches dedicated pan-India helpline for power outages Department of Telecom (DoT) has created the helpline to facilitate power distribution companies to provide information about outages to customers. Reducing spectrum base prices not an option: Telecom Secy Weeks before India's biggest spectrum auction, Telecom Minister Manoj Sinha today said telcos not buying airwaves will not be able to meet competition and anticipated an enthusiastic participation. Apple asks Foxconn to explore making iPhones in India Will Apple make iPhones in India? That's what Prime Minister Narendra Modi ...   Jio on the path of becoming the largest content aggregator in India When Mukesh Ambani announced the launch of Jio at Reliance Industries annual general meeting last week, the euphoria was about free high-speed data. 'Paytm founder's wealth rises most in 2016' BENGALURU: Paytm founder Vijay Shekhar Sharma's wealth surged by 162% in the past one year, making him the richest entrepreneur under 40 in Hurun's India rich list for 2016. Flipkart is the preferred e-commerce platform in India: RedSeer survey According to the latest E-tailing Leadership Index by RedSeer Consulting and Flipkart had an overall score of 95 Quikr acquires Bangalore based Stepni Real Time News, India - RTN.ASIAReal Time News, IndiaQuikr, a online classifieds business, said it has acquired Stepni, a Bangalore-based platform that connects vehicle owners with service providers like mechanics, ...sp;» How online reservation platforms are transforming the restaurant biz Wowtables, the brainchild of food lovers Kunal and Deepa Jain, is an online reservations portal, and the couple’s attempt to introduce something new for consumers in the culinary space.WowTables Why a Big Bazaar will never be able to beat a Flipkart Despite having billions under their kitty, big corporates in India or elsewhere struggle against startup. Here are 10 reasons why. Flipkart and Snapdeal are a decade away from making it big because Indians aren't rich enough yet Internet companies in Asia's third-largest economy are still 10 years away from becoming “mega-businesses” capable of making large profits, Google India's top boss has predicted. Indian consumers still lack the purchasing power that can help Indian startups earn significant revenues, the Economic Times newspaper reported Rajan Anandan, head of Google India and Southeast Asia, as saying. "(India has... Thailand-based e-commerce startup Zilingo bags $8-million in Series-A funding Apart from Sequoia, Venturra and SIG, others such as Beenext, Wavemaker Partners, Beenos and Digital Garage also participated in Zilingos Series-A round. Online sellers meet Nirmala Sitharaman seeking establishment of a regulator for ecommerce sector Members of the All India Online Vendors Association, a group of retailers selling on ecommerce platforms, raised the issue during a meeting with Nirmala Sitharaman. UPI spreads the net to rope in 10-15 e-tailers; eBay, MakeMyTrip, Pepperfry likely to join So far, person-to-person transactions are taking place on the UPI platform, which was launched by NPCI and the Reserve Bank of India on August 25. Jio on the path of becoming the largest content aggregator in India When Mukesh Ambani announced the launch of Jio at Reliance Industries annual general meeting last week, the euphoria was about free high-speed data. Experts seek easy exit for investors, clear bankruptcy laws in India The subject of easy exits becomes relevant in the context of the deadpool list of start-ups in India 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