Oct 21, 2016 - Seeking an exit route

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk So, the Chinese have their own version of 'chalta hai' - Chabuduo (or 'close enough'). 'Chalta hai' (the sad cousin of Jugaad) is something that seems to be the outcome when you're surrounded by the cheaply done, the half-assed and the ugly. When failure is unpunished and dedication unrewarded all around, it's hard not to think that close enough is good enough. Chabuduo. Your balcony fell off? Chabuduo. Vaccines are overheated? Chabuduo. How China became the land of disastrous corner-cutting! Continued here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free BMW: Celebrate joy with BMW Festival 2016   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). Seeking an exit route As the pace of funding slows amid sobering start-up valuations, venture capital firms in India are busy returning capital to their investors Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right 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.   RBI permits 100 per cent FDI in 'other financial services' Such foreign investment shall be subject to conditionalities, including minimum capitalisation norms Security breach: Banks block over 32 lakh debit cards; Finance Ministry seeks report The finance ministry has sought information about the implication of such security breach from Indian Banks Association. FirstRand Bank to shut retail, SME lending operations in India The bank will scale down its retail deposit franchise and stop lending to small and medium enterprises (SMEs) to concentrate on corporate and investment banking. RBI issues guidelines for penalizing payments systems and banks According to RBI’s new guidelines, payments systems and banks can be told to fork out penalties between Rs5 lakh and Rs1 crore Yes Bank’s growth story goes on but provisions are a red flag Provisions rose just 56% even when bad loans surged 104% on a net basis G.S.K. Velu’s eye care chain seeks Rs200 crore funds Maxivision Super Specialty Eye Hospitals, an eye care chain owned by G.S.K. Velu, plans to raise the funds, providing an exit to existing investors Solairedirect India in talks to raise $60 million from infra investors In January 2016, Solairedirect India won two projects, with a capacity of 70 MW each, under the National Solar Mission programme. In March, the firm won an additional 75 MW Bank Board Bureau to now advise on capital raising plans and business strategies The biggest mandate that has been given to BBB is to advise the government on extension of tenure or termination of services of the board of directors Foreign VCs can now invest in unlisted firms sans RBI nod Foreign venture capital investors will not require any approval from RBI to invest in start-ups in certain sectors JM Financial to buy over 17% in Mumbai-based India Home Loan JM Financial will buy over 17 per cent stake in India Home Loan Ltd, by acquiring full holding of one of the promoters and another's non locked-in shares. As per the share purchase agreement between the company and JM Financial, Anant Bhalotia will Sahara to deposit Rs200 crore, seeks advancement of hearing Sahara Group said Rs200 crore which was to be deposited by 24 October would be submitted on Friday Wipro to buy cloud services firm Appirio for $500 million Wipro’s latest acquisition, US-based cloud services firm Appirio, counts Facebook among its clients and has revenue of around $200 million ATM compromise: Yes Bank says vendors need to do more According to media reports, systems of Hitachi Payment Systems which counts on Yes Bank as one of its major customers, are suspected to have been breached. Standard Chartered may take a hit on Essar loan The sources added that the first tranche of the 50% cash payment to the Indian lenders will come over the next few days. Retailers call on Finance Minister, discuss steep discount by e-tailers At a meeting with Arun Jaitley, Biyani discussed the issues concerning hefty discount doled out on the e-commerce platform and also foreign direct investment norms in the retail sector. Flipkart follows Google, Amazon into the world of secret servers Decides to upgrade its tech infrastructure after the fiasco of 1st Big Billion Day sale in 2014 Canada-based CDPQ invests 1000 crore in TVS Logistics Acquires minority stake by buying out existing investors Goldman Sachs, KKR Reliance Jio's aggresive free call offer gets Trai clean chit According to a communication from the telecom regulator, Jios tariff plans cannot be considered as "non-IUC complaint, predatory or discriminatory at present". Facebook plans to connect next billion people keeping India in Focus In India, there are 155 million monthly active users, 77 million daily active users, 147 million Mobile monthly active users and 73 million Mobile daily active users. Chinese brands a huge success in Indian smartphone market: Report Xiaomi "set a record" by selling more than 1 million smartphones in India from October 1-October 18, the smartphone maker told Global Times on Wednesday. Customers subscribing to Jio services after December 3 to get new offers Incumbent operators Bharti Airtel, Vodafone and others approached Trai against free call service being offered by Reliance Jio, calling the tariff plan predatory, discriminatory and non-compliant to present rules. After Lagging Behind On 3G, 4G Networks, India Is Racing Ahead To Adopt 5G Early India is rushing to adopt 5G early. Decoded: Telecom Spectrum COAI director general Rajan Mathews says telecom firms can’t afford to bid again in a spectrum auction for at least the next two-three years COAI says VoIP apps like Ringo benefit from zero interconnection charges The Cellular Operators Association of India (COAI) said any asymmetry in setting termination charges between fixed and mobile will prompt a “surge in calling applications (VoIP apps) taking advantage of the arbitrage.” It said that VoIP calling apps like Ringo will further benefit from a regime Festive cola surge to beat summer sales New Delhi: Cola companies have their eyes on the festive season, as soft drinks sales in these months are expected to beat their offtake in summer. Guess who's driving the face wash market in India? Men between the ages of 18 and 45 spend marginally more than women on personal care products, IMRB International’s Target Group Index data shows 7 Ads That Pulled P G Out of the Content 'Crap Trap' In the not-so-distant past, Procter & Gamble once produced massive amounts of unfocused branded content, often to laughable results, like a 10-minute video of a boy raised by goats for Pepto-Bismol and social media posts with chipmunks for Always. Celebrities should care for consumers' interests: Paswan Shri Paswan appeals celebrities to keep consumer interests in mind to save them from misleading advertisements Parag Milk Foods to open 120 Gowardhan Shopees by March 17 The company has also plans to expand the number of brands it owns from existing four to total of seven by the end of next year. I Brands Beverages: Aims to Target Delhi, Mumbai, Karnataka and Telangana in This FY Next big plan is meeting the objective of a pan-India presence in the next 5 years. It is working towards launching in 4 bigger states which accounts for majority of the IMFL business contribution in India: Telangana, Karnataka (Civil), Maharashtra and Delhi by end of this fiscal year., , Lisa Srao, I BRAND BEVERAGES, liquor industry, startup Basmati prices surge as 60% produce harvested The prices of the Basmati varieties of paddy have recorded a hike in the past couple of days even as more than 50% of the produce has already been sold out by the farmers in the region. India's boycott of our goods will fail to change trade ties: Chinese media An ongoing call to boycott Chinese goods in India over diplomatic disputes will fizzle and fail to change the current nature of bilateral trade ties that is heavily tilted in Beijing’s favour, state media has argued. Maggi wins back market share on sustained recovery "India grew strongly as the Maggi noodles business continued to gain back market share and comparatives turned favourable," Nestle said in a statement 10 things you should know about Varun Beverages IPO-Business Standard The price band for the Initial Public Offering has been set at Rs 440-445 per share. GST Rate Undecided Amid Tussle Over Share Of Centre vs States: 10 Facts The prices of certain consumer durables like televisions, air conditioners, fridges and washing machines may however become cheaper with decrease in t.. Retailers miffed at ecommerce firms, talk to Arun Jaitley The delegation included senior leaders from Future Group, Shoppers Stop, Tata, Aditya Birla Group and Landmark Group. 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