Nov 15, 2016 - Foreign real estate funds not too keen on India

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Sree Vijaykumar From the Editor's Desk The India-Japan partnership is one that could redefine Asia (and possibly the world) in this century. India needs a major partner (and investor) that is in sync with its 'Act East' policy. Japan is looking to expand its 'Expanded Partnership for Quality Infrastructure' (EPQI) program, and gain access to Africa and exert influence in the Indian ocean. China looms as a threat to both nations. A geo-political analysis of the India-Japan partnership in this TradeBriefs Exclusive 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). 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.   With economic box ticked, PM Narendra Modi turns assertive on foreign policy Prime Minister Narendra Modi has successfully deployed foreign policy as a tool to create global confidence in India’s economy. Now he’s set to bring some risk into that equation. Govt tells RBI to examine foreign investments in medical device sector Finance ministry’s FIU has asked RBI to examine all foreign investments under the automatic route after January 2015, when FDI policy for the sector was laid out India one of the most cash intensive economies Demonetization move may affect India’s growth in short term as informal sector, supported primarily by cash transactions, will slow down, cautions Deutsche Bank report Out of jail, CEO friends in India toast prodigal Rajat Gupta's homecoming Former McKinsey boss was back in India last week for what one of those who met him described as a "soul-searching mission." Axis Bank in talks to sell Mswipe stake Axis Bank may sell its 8% stake in mobile payments firm Mswipe for around $20 million in a deal that is likely to value that firm at $200-250 million Realty-focused Kshitij VC Fund yet to return money to investors Everstone inherited Kshitij VC Fund in 2009 from its erstwhile JV partner Kishore Biyani PE firm ADV Partners eyes minority stake in Amber Enterprises ADV Partners may buy a 34% stake from Fairwinds Private Equity and a 10% stake from the promoters of Amber in Rs350 crore deal Demonetisation: Insurers make a killing as surge in demand boosts cash carrying companies' work order Insurers are charging 2-3 times premium to hike cover for the companies carrying almost double the cash now as compared to a week ago. I always have an India-first strategy: Gopal Srinivasan Domestic investors are people on the ground with a deep understanding of the country, says TVS Capital Funds CMD Hire retired bank staff to deal with demonetisation: Assocham While some banks like the State Bank of India and a few others have roped in retired staff, the exercise should be done on a massive scale to deal with the situation Rs500, Rs1000 notes ban: Key rules changed to mitigate cash crunch Amid a nationwide scramble for cash, the government on Monday said that the new Rs2,000 notes will be available in some ATMs from Tuesday Private dairies under margin pressure on increased investments, costs Umang Dairies net profit slipped to Rs 2.84 lakh in the quarter ended September from Rs 11.72 lakh in the previous quarter. Ujjivan gets final RBI nod for small finance bank Ujjivan belongs to the top three league of India's microfinance sector. Did you know: How to make the most of credit card-based EMIs Buying through credit card-based EMIs is not wrong. In fact, this works out cheaper than paying interest rate on revolving credit, which could be as high as 36% per annum Unions to raise min wage with Finance Minister in pre-budget consultations The unions will raise the issue of fixation of minimum wages for all the workers across India at Rs 21,000 per month and fixation of monthly pension to the EPFO subscribers at Rs 3,000 per month. Demonetisation: Deposits in banks cross Rs 1.5 lakh crore, more ATMs go live Against this, there had been withdrawals of Rs 7,705 crore in currency notes of Rs 100 and Rs 2,000 until Sunday. Crunch time for realty, players may tap private equity, NBFCs for funds Both domestic and offshore funds are likely to see a rise in business with investors who used to support builders with hundis and other informal struc.. Post demonetisation, fewer mobile buyers lead to inventory pile-up Several brick-and-mortar retail stores across the Delhi-NCR region that ET spoke to said sales were down 70-80% from pre-demonetisation days. Future Group to tie up with Booker Group for cash and carry stores in India "Booker India has developed one of the lowest cost distribution networks for FMCG products through its cash and carry network in India," said Kishore Biyani. Footfall at restaurants drop 20-30% Whether it’s the weekend corporate parties or the customary kitty party lunches, consu Gujarat government opens 52 generic medicine stores Medicines sold in these stores will be 30 to 80 per cent cheaper than those being sold in the market, it said. Around 1,500 to 2,000 life saving medicines will be sold from each of these stores. Retail, wholesale trade affected due to demonetisation: CAIT Government demonetised Rs 1000/500 currency notes last week in a bid to crackdown on black money. People have till year end to exchange and/or deposit the junked notes. Public WiFi and its relevance against 4G With affordable 4G available to everyone, is Public WiFi still relevant? We talk to Mr. Natraj Akella from Tata Teleservices about how India will get connected Mobile wallet companies register manifold increase in transactions Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, agai Competition, 4G investment to pressure telco margins -- Fitch REVENUE growth of Philippine telecommunications companies is expected to come under pressure next year, with EBITDA (earnings before interest, taxes, depreciation and amortization) margins shrinking the most among Asian markets amid fiercer competition and higher capital expenditures. Govt saved leakages worth Rs 36000 crore via Jan Dhan-Aadhar-Mobile Govt saved leakages worth Rs 36,000 crore via Jan Dhan-Aadhar-Mobile - Union Minister Ravi Shankar Prasad said that the government has saved leakages worth Rs 36,000 crore in one year by linking Jan Dhan accounts with Aadhar, mobile and bank accounts. In Rajasthan's villages, solar-powered telecom towers are providing Internet Villagers of Rajasthan's Alwar district have started using internet being provided through solar-run telecom towers. Patanjali Dant Kanti's popularity boosts production at JHS Svendgaard JHS Svendgaard, a contract manufacturer for toothpaste makers Colgate, Dabur and HUL, expectsd to see full capacity utilization by the end of this fiscal Paper Boat to foray into traditional Indian snacks The foods portfolio will focus on traditional Indian snacks only, and will follow the same model as its beverages, Hector Beverages co-founder Neeraj Kakkar said. Demonetization: Mobile handset makers like Micromax, Gionee, Lava see inventory pile up due to sharp decline in sales Several brick and mortar retail stores across Delhi NCR region that ET spoke to said sales were down 70-80% from pre-demonetization days, which have l.. FMCG companies put focus back on rural India At a recent press conference, Sanjiv Mehta, MD & CEO of Hindustan Unilever, the country's largest consumer goods company, was vocal about the prospects of the rural market and its impact on fast moving consumer goods (FMCG). Coming after his company How Mobisy is taking technology to every retailer Mobisy achieved 3X growth in 2015-16 and is currently at $1 million revenue, with projected revenue of about $2.5 million for the current fiscal. Tata Global directors might support Mistry in board meet Mumbai: The Tata Trusts has made TVS Group chairman Venu Srinivasan a trustee of Sir Dorabji Tata Trust (SDTT), the main shareholder of Tata Sons with a 28% stake in the holding company of the $108-billion Tata Group. Asahi, others shortlisted in sale of AB InBev's east European beers Japanese brewer Asahi (2502.T) and a consortium led by Swiss investment firm Jacobs Holding have made it onto the shortlist of bidders for SABMiller's eastern European beer brands, sources familiar with the matter said. Hindustan Coca-Cola Beverages gives back the water used in Nashik To spend Rs 2 crore for integrated watershed projects over five year period Varun Beverages, GreenSignal Bio issues add depression First it was the poor debut for Varun Beverages (VBL) and then came the IPO of GreenSignal Bio, which did not get the required bids during the three-day issue. World Diabetes Day: Regular intake of sugary drinks may cause diabetes World Diabetes Day: Regular intake of sugary drinks may cause diabetes - World Diabetes Day is observed on November 14. Achhe din ahead for FMCG cos? Nestle India expects the sector to rebound soon The company expects the FMCG industry to fare better on the back of good monsoon and benefits trickling in from the 7th Pay Commission 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. 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