Oct 3, 2016 - KKR may set up its own asset reconstruction company

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Sree Vijaykumar From the Editor's Desk "Most of you know exactly what I think about every subject, but you still come anyway. It's a damn cult." So began this year's annual meeting with Berkshire Hathaway's 87-year-old vice-chairman Charlie Munger in Los Angeles. Some gems from his talk - Alan Greenspan was a smart guy, but he totally overdosed on Ayn Rand when he was young - It's OK to be boring in finance. What we want is innovation in widgets - How nice it is to have a tyrant's strength, but how wrong it is to use it like a tyrant - The failure rate of empires is 100%. But in one sense, the greatness of the past stays with us. What was great about the Athens of the past is still with us. You can be 100% certain America will pass the baton, but our best values will go with that baton. The most important people in Asia studied at American universities and learn from America like sponges. More here Advertisers of the day Transjovan Capital (Board Advisory): : Where will your Company be in the next 5 years? BPGDM 2016: The Best of Global Digital Marketing Conference - 18th Oct @ Hilton Mumbai (Exclusive offer for TradeBriefs subscribers)   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). KKR may set up its own asset reconstruction company KKR is considering the option of an independent ARC since it’s far cheaper than buying into an already established ARC 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.   No threat to FII inflows despite border row, but markets wary Market participants do not expect the India-Pakistan border issue to escalate, though careful vigil was necessary until things cooled down IDFC Alternatives raises Rs760 crore realty fund IDFC Alternatives raised the fund at a time when investors are sceptical about backing real estate projects, and several funds are trying to win over foreign, domestic investors Advent wouldn't mind putting $1 billion at work in India: Jan Janshen Jan Janshen, managing partner at Advent International, says the private equity fund looks for companies which have a strong earnings profile Dixon Technologies plans Rs300 crore IPO An initial public offering will allow Motilal Oswal Private Equity, which invested in Dixon Technologies in 2008, to sell some of its stake Allied Blenders may sell up to 5% stake to PE firm Allied Blenders and Distillers is getting on board a strategic investor to help prepare for IPO, grow footprint PSU employees may be able to buy more shares of their companies "We have requested the regulator to relax investment ceiling for public sector employees and are hopeful of a favourable response from Sebi," said an official source. Cyrus Mistry says exits for Tata Group usually the last resort Chairman Cyrus Mistry says Tata Group invests considerable time to evaluate all options before taking decisions on exits SBI, PNB may pick stake in Rs 500-cr credit enhancement fund The Finance Ministry has requested insurance regulator Irdai to provide an exemption to allow LIC to hold beyond 15 per cent stake in the proposed venture. Why Banks Are Urging You To Change Your ATM PIN? Banks have stepped up communication with customers, asking them to change their ATM PINs. SBI chief Arundhati Bhattacharya gets 1-year extension Arundhati Bhattacharya was first appointed as the head of SBI for a three-year term in October 7, 2013 and was scheduled to retire on October 6 this year. Indian consumers are going digital, social and mobile: Chanda Kochhar It is not just what is happening in the banks but it is actually what is happening across the payments value chain per se, says Kochhar of ICICI Bank. RBL Bank acquires 9.99% stake in Utkarsh Micro Finance The transaction has got all the necessary regulatory approvals. UMFL has received in-principle approval from the RBI for setting up a small finance bank and is expected to commence operations soon. Takata bidders said to offer at least $1 billion investments Takata favours bids from Daicel-Bain Capital, KKR, Flex-N-Gate over Autoliv and Key Safety Systems; all five bidders have proposed bankruptcy Powering up logistics post-GST Kishore Biyani says startups should start to show economic activity; remains the superhero with his 'roti, kapda, aur makan' Like a Hindi movie hero, he jumped into the tiger's den to fight the tiger on its turf. He came, he saw, and he conquered. Kishore Biyani's Fireside Chat on the second day of TechSparks set the stage on fire in every sense. Mumbai's Mangalore stores are slowly dying Once the go-to stores for the Mumbai's burgeoning community from the Karnataka city, the city’s Mangalore stores are finding fewer takers for their kori roti and sandige Flipkart Big Billion Days sale: Ecommerce major vows 'crazy deals ... Flipkart Big Billion Days sale is one of India's biggest, having spectacular deals and discounts, and consumers look forward to it every year. Titan Eye Plus to foray into e-commerce Tata group firm Titan Co Ltd today said its eyewear brand Titan Eye Plus will foray into e- commerce space and expand aggressively to increase its market share amidst slowing growth. A tough sell: why Facebook's e-commerce dream failed to take flight "We were one of the first to actually have a Facebook store, and we did have big expectations, but it turned out to be not very successful," recalled Jon Mandell, vice-president of marketing at the flower and gift seller. Venture capitalists, private equities bullish on India India also topped as the receiver of private equities (PE) funding, beating China for the first time last year. Treasury backs down on interest-free loans to trusts National Treasury has substantially softened its proposal to end interest-free loans to trusts that can be repaid or written ... Telecom companies can keep airwaves as collateral: DoT The DoT has also issued guidelines which mandate the signing of a tripartite agreement among any operator, a lender, and the department. Indian consumers are going digital, social and mobile: Chanda Kochhar It is not just what is happening in the banks but it is actually what is happening across the payments value chain per se, says Kochhar of ICICI Bank. Rs. 5.63 lakh crore spectrum auction enters third round; maximum activity in 1800 Mhz band The spectrum auction has entered the third round, with activity in 2,100 MHz, 2,300 Mh India's largest spectrum auction worth Rs 5.63 lakh crore starts; Jio, Vodafone, Airtel and Idea in fray There is no end limit set by the government for the auction, but the bidding will be between 9 am to 7 pm everyday except on Day 1 when it started at 10 am. Auction to end spectrum scarcity in India: JS Deepak Telecom players gave a cold shoulder to the premium 700MHz band, which found no takers on the first day of the spectrum auction. Amid telecom battle, India's 'biggest' spectrum auction begins Much depends on telcos' appetite to tap growing demand and their high debts. Festive sales: Flipkart, Amazon fight for top place, but flagship events may fail to keep sales flying high During this October's festive sales bonanza, goods worth Rs 10,000 crore are likely to be sold, which is just Rs 1,000 crore more than last year. Flipkart stories' core will continue to be long form content In order to publicise stories of Flipkart, the ecommerce company forayed into story telling space with Flipkart stories. The company uses this side of Flipkart E-tail wars: Flipkart claims to sell more units than Amazon India in first 12 hours Both Flipkart & Amazon India saw more than 3.73 mn units sold in the first 12 hours as compared to 3.1 mn shipments on special sale days in Oct 2015. Flipkart's 'launch offer' on Chetan Bhagat's new novel | Business Line In what is being seen as ambush marketing, e-commerce giant Flipkart took on its compet First wait for the 2nd: Flipkart takes a jab on Amazon In a tongue in cheek tweet, India's online giant Flipkart has asked users to wait till October 2 for the real deals. With internal investigation on, Cognizant gags staff and steps up graft probe Cognizant said the internal investigation is in its early stages and that it is not able to predict what action may be taken by the DOJ, or the SEC. Snapdeal claims to sell 200 smartphones per minute with its Unbox Diwali sale If Snapdeal is to be believed, it’s Unbox Diwali sale has gotten off to a great start. The highlight of the sale, according to Snapdeal, is the fact that they were selling 180 products a second on launch day. Internet gets democratised : US no longer owns it as the control shifts to a multi-stakeholder body After several hurdles, political controversies, and a last minute lawsuit heard in a Galveston, Texas court on Friday, the process has finally come to fruition. Gartner expects connected car production to grow 10-fold to 61 million by 2020 Global connected car production is set to grow almost 10-fold in five years - from 6.8 million in 2015 to 61 million in 2020, says Gartner. Flipkart’s payment gateway goes down on the first day of their Big Billion Day Sale The sales are on, people are shopping, but Flipkart seems to have run into some slight trouble. India’s largest ever telecoms airwaves auction sees $8.04 billion worth of bids India started its biggest ever telecoms airwaves auction on Saturday, receiving 535.31 billion rupees ($8.04 billion) worth of bids on the first day of the sale, a senior government official said. Google ordered by EU antitrust regulators to cease anti-competitive practices with Android EU antitrust regulators plan to order Alphabet's Google to stop paying financial incentives to smartphone makers to pre-install Google Search exclusively on their devices and warned the company of a large fine, an EU document showed. Amazon and Flipkart offer festive season deals to online shoppers E-commerce giants Amazon and Flipkart have started offering deals to attract potential consumers. Amazon has launched "Great Indian Festival" where the company is offering discounts and additional cash back offers. Is India Inc putting CSR money in startup incubators? A dozen companies have shown interest in using their CSR money in start-up incubators at IITs and IIMs to nurture students to create a social impact Apple owes $302.4 million after losing patent retrial to VirnetX for technology used in FaceTime A federal jury in Texas on Friday night ordered Apple Inc to pay more than $302 million in damages for using VirnetX Holding Corp's patented internet security technology without permission in features including its FaceTime video conferencing application. 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. 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