Nov 14, 2016 - India Inc rocks the cradle

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Sree Vijaykumar From the Editor's Desk Most American blue-collar workers have little direct contact with the rich outside of Lifestyles of the Rich and Famous. But professionals order them around every day. The dream is not to become upper-middle-class, with its different food, family, and friendship patterns; the dream is to live in your own class milieu, where you feel comfortable - just with more money. "The main thing is to be independent and give your own orders and not have to take them from anybody else," a machine operator told Lamont. Owning one's own business - that's the goal. That's another part of Trump's appeal. Hillary Clinton, by contrast, epitomizes the dorky arrogance and smugness of the professional elite. The dorkiness: the pantsuits. The arrogance: the email server. The smugness: the basket of deplorables. Worse, her mere presence rubs it in that even women from her class can treat working-class men with disrespect. Look at how she condescends to Trump as unfit to hold the office of the presidency and dismisses his supporters as racist, sexist, homophobic, or xenophobic. More 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). India Inc rocks the cradle India Inc rocks the cradle - Biggies like Bajaj Group, Hindustan Unilever have come together to handhold start-ups 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.   Paytm claims record number of transactions after govt’s demonetization move Since 9 November, Paytm claims to have registered 700% rise in overall traffic on the platform and 1000% growth in the value of money added to mobile wallets Swachh SBI? Not yet Out of State Bank of India’s Rs19,131 crore loans that slipped during the six months ended September, 40% was from its declared watch list Demonetisation: Govt mulls separate banking window for labour-intensive units A representative of the Federation of Small and Medium Industries said that small and medium units typically need to make worker payments almost every alternate day, which makes cash the preferred mode. Access to banking services an overestimate? Until the 2021 census, it is unlikely we’ll find out the proportion of households with access to banking services Cashless future is a long way off despite big surge in e-payments As of 30 September, the number of point of sale devices, which accepted debit and credit cards as modes of payments at merchant outlets, was only 1.49 million Avantha Group likely to rebuff JK Paper’s bid for two factories Mismatch in valuation by Avantha Group and JK Paper is being blamed for stalled talks Will do whatever it takes to deal with Cyrus Mistry ouster: Tata Sons Tata Sons wants its independent directors to ensure future of Tata companies and interest of all stakeholders is protected Dubai businessman Alabbar, Saudi PIF to set up $1 billion mideast e-commerce firm Saudi Arabia’s Public Investment Fund will provide half of Noon’s capital and will be an active participant in its board, while Alabbar and 60 others will contribute the other half RBI asks banks to furnish daily data on cash withdrawals In a circular on Sunday the Reserve Bank of India asked banks to submit the data in a specific format in contrast to lenders sending it fortnightly Banks disburse Rs 30,000 crore cash, post demonetisation IBA said the banks are making all-out efforts to ensure currency requirements of customers are met within the limits prescribed by the Reserve Bank of India. Reserve Bank of India may revise REPO rates following currency infusion The banking sector may be flushed with liquidity within the next two months, for which they may have to resort to aggressive lending, felt a top official of the Reserve Bank of India. Demonetisation turns out to be a double whammy for microfinance sector micro finance institutions have temporarily stopped providing credit while loan repayments have also taken a major hit. European Union welcomes India's step on demonetisation Vice-President of European Commission Jyrki Katainen said fight against tax dodgers will pay dividends and strengthen the financial system. Wait 2-3 weeks for normal banking, time needed to recalibrate all 2 lakh ATMs: Jaitley With anger and chaos over lengthening queues at banks rising, FM Arun Jaitley tried to soothe tempers, but said it could take up to three weeks for ATMs to function normally. NPA levels plateauing, green shoots visible, says Bank of India chief The entire staff has been sensitised on the importance of NPA management by arresting slippages, increasing recovery and upgradation of assets. Apart from currency, some banks lend a helping hand too A branch of the Central Bank of India in Ahmedabad, to ensure fairness for all those queuing up, started giving out tokens to those in line and entertained to their needs accordingly. HDFC Life, Max Financial Services group's mega insurance merger plan hits IRDAI's roadblock In a filing to stock exchanges, the company said, “IRDAI has expressed reservations to accept the scheme of amalgamation in its current form.” Can a bunch of co-living startups change the way Indian singles live? Little over a year into operations, the Gurgaon-based startup CoHo has added over 750 beds, is set to touch annualised revenues of about Rs 6.5 crore. Rs 500, Rs 1000 ban: Modi govt's intention fair, but failed those without bank accounts The idea was to instill the banking habit among people by giving each households at least one bank account. Demonetisation: Spending squeeze to hit India's GDP growth for 2 quarters But there could be handsome 'hockey stick' growth for two years thereafter, says Anand Rathi Securities in a presentation Trump's rise deals another blow to India's manufacturing dream Trumps policy mix could slow planned US investment abroad, and place curbs on immigration, especially on that of IT workers that our country specialises in. Is a flawed monetary system preferable to chaos at banks, ATMs? Impact of demonetization could have been anticipated by those who planned out the execution of the highly confidential decision taken some 6 months ago. Retailers offering zero down payment on mobiles to stir sales in the wake of falling sales Retailers, of electronics and phones, have started rolling out various schemes to incentivise purchases with the aim of selling as much inventory as possible. Weekend sales crash by half at malls and markets as people go cashless Several cash-based traditional markets shut shops early as there were hardly any customer carrying cash for big-ticket purchases. Online Retailers witness sharp slump in sales and order cancellations Order volumes for online retailers have plunged by 50-60 per cent since the surprise announcement on demonetisation on November 8, according to experts. Walmart India revenue rises 7% as sales jump 34% The company opened one store after a gap of more than two years to take its store count to 21. The new store opened in Agra was also its first after becoming a fully-owned subsidiary of Walmart Stores Inc. Ex-Amazonian's stealth startup gets $2 mn seed funding to disrupt logistics It is building next generation transportation technology that will power ecommerce, distribution industry of India, reports Tech in Asia First mall of the national capital, Ansal Plaza, gets a makeover Delhi’s first mall, Ansal Plaza has got a makeover and is set to re-launch by the first week of December. Originally established in 1999, the mall has been renovated and re-positioned as Delhi’s one-stop premium lifestyle destination with a focus on food and sports under the new brand tagline, “Ansal Plaza: Experience Zest”. Delhi: Chemists, medical stores witness chaos as they refuse to acknowledge Rs 500, Rs 1000 notes Staring at AIIMS building in Delhi with more than 20 currency notes - each worth Rs 1,000 - in his hand, Ghaziabad resident Umesh Sharma is a worried man. His grandson is admitted in the hospital to get a treatment for kidney related ailment. All India Online Vendors Association writes to FinMin over revenue loss due to demonetisation All India Online Vendors Association (AIOVA), a group of 1,500 online sellers, said the countrys e-commerce industry is dependent on cash on delivery BSNL floats tender for undersea cable to Andaman and Nicobar islands To enhance Internet connectivity in far-off Indian territory, state-run telecom operator BSNL has floated a tender estimated to be about Rs.900 crore to lay submarine optical fibre cable to connect the mainland in Chennai to Andaman and Nicobar islands [...] Telecom companies reject Trai plan to compute call drop rates Telecom companies have urged the sector regulator to continue with current practice of using network statistics to calculate call drop rates. Paperless mobile ticketing operation: Soon, Indian Railways to introduce train tickets on e-wallets To ease rush at booking counters, the railways is mulling introducing booking of unreserved railway tickets on e-wallets like PayTM, JioMoney and Airtel Money. 5 Notable Changes Reliance Jio Has Brought in Indian Telecom Sector BGR India has also reported that a number of Jio users have complained about voice calls being cut at exactly the 30 minute mark. Reliance now offers a fixed-wireless phone in India While Android smartphones are all over the world, the OS can also be used for other types of phones. In India, Reliance Communications has launched such a device, the 4G LTE HomePhone. It's a fixed wireless phone for the home or office that uses Android 5.1 Lollipop.Reliance says this is the first type of 4G wireless fixed phone to be launched in India. It has a 3.5-inch touch screen, and the phone's support for 4G LTE networks allows it to not only make HD voice calls, but also lets it send out SMS text messages. It can even be used as a Wi-Fi hot spot for up to eight devices in the home or office.The 4G LTE HomePhone can be used with the new monthly data and call plans from Reliance. The 4G Smart Life monthly plans offer 300 free voice calling minutes, which include local, STD and roaming. Any calls that go over that 300 minute limit will be charged at 40 paise per minute. Prices for the plans begin at Rs. 299 with 2 GB of monthly data and Rs. 499 with 4 GB of data.What do you think of this new kind of home or office phone that uses a wireless network? Reliance Jio next big plan: Disrupt market with 1Gbps broadband service Reliance Jio is expected to roll out its direct to home services, which will affect established broadband and DTH players Indian Mobile game downloads to grow at 58% CAGR over next 5 years: Nasscom CAGR growth in mobile gaming is due to faster adoption of games, proliferation of smartphones and cheap data Reliance Jio limiting voice calls to 30 minutes: Report It also asked Jio to ensure that the additional interconnection points be operationalised with the same promptness as they have been made available at a staggering pace by Bharti. Does Reliance Jio 4G Limit the Call Time to 30 Minutes Per Call? Let's Find Out As per latest data shared by Jio, their call drop rate has massively slashed to 28%, as recorded for November 7th. This comes as a huge relief for crores of Jio users, who were feeling trapped between the telecom wars. Will invest around $200 million over five years in India: Ashok Kumar Gupta Early this month, BlackBerry announced a distribution agreement with Optiemus Infracom to distribute the newly launched BlackBerry DTEK50 and DTEK60 smartphones in India, a key market for the Canadian device maker. Chyawanprash in a Capsule? As Ayurveda continues to gain popularity for its preventive and curative properties, it's time for brands to launch their products in new avatars. Currency ban hits city's consumer durables market Patna: With cash crunch in the market following demonetization of high denomination notes since Tuesday midnight, many shops dealing in consumer durables and electronic goods have pulled down shutters across the state. Nestle: Consumer goods industry may rebound in fiscal second half Nestle India Ltd expects the FMCG industry to fare better on the back of good monsoon and benefits trickling in from the 7th Pay Commission Trade gasps for breath across India | Business Standard News From consumer retail to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going, due to the liquidity crisis Britannia to strengthen bakery division with new launches in next 9-10 months The company is planning a series of launches in the next nine to ten months. 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