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Friday, October 28, 2016

Oct 28, 2016 - Tata Steel assures investors on European business sale plans

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Michael Wolf (ex-MTV, McKinsey, Yahoo, Activate) made an epic presentation on the future of media and tech at The Wall Street Journal's digital conference. His predictions include the growth of subscription revenue as a business model and the death of the 'pay per download' model. Full presentation here

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Tata Steel assures investors on European business sale plans

Tata Steel says on track for sale or joint venture for its European business and sale of its UK assets, a day after Cyrus Mistry made public the extent of writedowns

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So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.


The case for gender diversity in India's VC industry

India’s venture capital industry follows Silicon Valley in the tradition of being a boys’ club

Everstone-backed FACES Cosmetics seeks Rs100 crore

FACES has plans to increase its store-in-store outlets from 700 to around 1,200 in India by the end of fiscal 2022

Tata said to approach sovereign funds on buying out Cyrus Mistry

The Tata trusts want to ensure that if Cyrus Mistry’s family later decides to sell its stake in the Tata Group holding company, the new investor will be a friendly party

China warns of impact on India-bound investments from boycott

According to the Pew Global Attitudes Survey, Indians and Chinese are content with growing integration of their nations into world economy.

Cabinet gives nod to strategic stake sale in PSUs

The government did not disclose the number and names of public sector companies in which it will sell stakes

RBI warns of fake notes in circulation

The RBI also advised banks that all bank branches and identified back offices should be equipped with ultra-violet lamps, other appropriate banknote sorting or detection machines.

MMTC ties up with banks to sell Indian Gold Coin

State-run trading firm MMTC has tied up with seven banks, including ICICI and HDFC Bank, to sell government minted 'Indian Gold Coin' in order to cash in on the Dhanteras buying rush.

IT spending in banking and securities industry in India will reach $7.8 billion in 2017, Gartner says

IT spending by banking and securities firms in India will reach USD 7.8 billion in 2017, an 8.6 per cent rise from 2016, says Gartner,Inc.

Former Deutsche Bank Asia CEO Gunit Chadha to head Everstone’s NBFC

Chadha, who till July was chief executive of DB's Asia Pacific ops, and IndoStar mgmt will sign a formal agreement “anytime soon”.

Chinese crackers yet to set the market on fire this Deepavali

: ‘No sales of Chinese crackers’ greet Deepavali shoppers at shops in the narrow by-lanes of George Town and Mannady in Chennai. “Neither are the traders selling them nor is there a demand from shoppe

LVMH-owned Sephora sues local firm for trademark infringement

LVMH, the parent of several luxury brands including Louis Vuitton, has filed half a dozen cases in India against companies and individuals for selling counterfeit products and for trademark infringement.

India's businesses focused ecommerce segment is transforming online ordering

Primary among these factors is the impending rollout of the proposed Goods and Services Tax, which would simplify selling to business across states.

Amazon Wants to Open 2000 Grocery Stores Across the US

Amazon has plans to open up 2,000 grocery stores over the next decade, its biggest push yet into the brick-and-mortar business.

Makers focus on new drinks as cola sales suffer

Coca-Cola adds newer flavours and invests in non-aerated drinks

Urban Ladder reinvents itself with focus on offline stores

Online furniture and home decor brand Urban Ladder has unveiled its new brand identity with the tagline Let’s Create, in a bid to open up distribution channels to reach out to new customers.

Pinched by goods boycott-call, China warns India of impact on investments from its enterprises

Amid calls from some quarters for boycott of Chinese goods in ongoing Diwali season, China on Thursday said any such move will negatively impact the India-bound investments from its enterprises and also the bilateral cooperation between the two countries.

Ericsson bags $500 million pan-India managed services deal from Bharti Airtel

With this deal, Ericsson has become the only vendor to manage two pan-India networks in the country.

Vodafone India expands 4G network in Gujarat

Vodafone says there are no different prices for 4G, so our 3G customer gets 4G services at the same price

US charges 61 people, entities in India-based call centre fraud racket

The United States on Thursday announced it had charged 61 individuals and entities connected to India-based call centers for allegedly defrauding thousands of people in America of hundreds of millions of dollars.

Reliance Jio To Launch 4G VoLTE Feature Phones In India Soon!

At the time when the world is moving towards smartphone adoption and when the tech pundits are busy debating the benefits of Android OS over iOS and vice-versa, India’s largest 4G VoLTE operator- Reliance Jio is planning to launch feature phone supporting VoLTE facility in the country soon.

Google Pixel XL review: The best Android phone. Period.

Google's new Pixel and Pixel XL jump straight to the top of the Android hierarchy with their stupendous specifications and exclusive software features.

Ringo's rebuttal to COAI's comments on interconnection charges for VoIP

Responding to Cellular Operators Association of India’s (COAI) comment that Ringo benefits from zero interconnection charges, Bhavin Turakhia, CEO of the company said that a Ringo subscriber pays for data charges to the operator for every call placed via the app and that it (Ringo) pays intercon

Bharti Airtel Africa's loss slashed to $91 million

From a $170 million loss a year ago in its Africa’s operations, India’s telecommunications firm, Bharti Airtel, sharply narrowed its net loss in the continent’s operations to $91 million.

Varun Beverages IPO fully subscribed on Day 2

Varun Beverages IPO oversubscribed on Day 2

Virtual cosmetics counters are the future

The virtual change room and cosmetics counter is the future for online shopping in China and beyond.

Higher pay biggest bait for FMCG talent moving to ecommerce

Around 61.2% also agreed that given the boom in the ecommerce sector, it has become a challenge to retain employees.

Coca-Cola goes less sugary to bring back consumers

Sales at the worlds largest beverage maker slumped in the July-September quarter in India and were a drag on the companys better-performing markets in the Asia Pacific region.

New categories beckon HUL | Business Standard News

After stepping into baby skin care, eyeing the razor segment

'PepsiCo's affordable fruit juice products boost growth'

Keen to get new customers in the oats segment

Dhanteras: Sale of consumer durables increases manifold

Patna: The sale of consumer durables like televisions, washing machines, microwaves and refrigerators saw a sharp jump this Dhanteras when compared to the previous year, with companies offering attractive schemes to lure customers.

Boycott of Chinese goods will impact India-bound investments and bilateral ties, says Beijing

It said a rejection of China-made goods would make Indian traders the biggest losers in the scenario.

From start-up to 'scaled up'

‘Got funding’, ‘valuation’ et al are passe. How about saying start-ups are those that sustained the show?

Emami Q2 net profit up 9.21% at Rs 66 crore

Its total income from operations rose by 10.17 per cent to Rs 584.57 crore during the quarter under review as against Rs 530.6 crore in the same period a year ago.

All 42 mega food parks to be operational in 2 years: Harsimrat Kaur Badal

The government has decided to set up 500 cold chains across the country to boost food processing sector, which grew by more than 7 per cent last year, she said.

Cerelac, Complan, Verka Ghee: Toxic contaminants found in food

Worrying and in some cases illegal levels of heavy metals, carcinogenic insecticide and arsenic has been found in multiple foods being imported into Australia as revealed by independent testing commissioned by SBS Punjabi Radio as part of a special investigation into the safety of Australia’s food import industry.

Amazon set to bring Launchpad to India

Amazon Launchpad, a global programme for start-ups, may be launched in two months

Consumer goods firms report poor Q2 results, but expect better times

HUL reports 1% decline in sales volume growth; ITC revenue growth slumps 7.8%; Dabur’s revenue growth rises 1%; all three firms register profits

With 70% conversion, Flipkart Lite is no lightweight

Co is working on a slew of tech-driven measures to improve the interface of mobile website, especially on low-end phones in slow network areas

Snapdeal to cut costs, opts for co-working hubs

Startups has picked up an entire floor in co-working space provider Awfis Space Solutions hub in Andheri (west) that has a total capacity of 255 seats.

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