Nov 3, 2016 - Digitalizing business is crucial for Indian firms

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Sree Vijaykumar From the Editor's Desk You've heard various voices on the media talk about the Cyrus Mistry ouster. But what does corporate India think about this? At TradeBriefs, we did an anonymous survey with you (our subscribers) to understand what industry executives were thinking. Thank you to those who responded! The overall tone was cautious and nuanced, in understanding that such issues can be quite complex. 77% felt that a clash of ideologies was responsible, 60% also felt a personality or ego clash was to blame - perhaps explaining the abrupt manner in which the separation was handled. Almost all who had an opinion on the next chairman felt it would be an insider. No outsider would be willing to take up the role, given what happened! The full report 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). Digitalizing business is crucial for Indian firms The corporate sector’s road to growth is built on four fundamentals of success, says Kanvic 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.   The imperatives of a high-performing board Based on surveys and interactions with business leaders, KPMG’s Business Leadership Centre highlights four imperatives for boards to perform under pressure S P sticks with India's credit ratings, no upgrade for two years S&P said the upward pressure on the credit ratings could emerge if the government reforms markedly improve India's fiscal performance. D.light raises $7.5 million in debt financing The funding comes in the form of debt financing from impact investment manager Developing World Markets Zensar Technologies acquires UX design agency Foolproof The acquisition gives Zensar access to Foolproof’s clientele across sectors such as banking and financial services, retail, high technology and oil and gas Adani, JSW and SembCorp in race to buy BC Jindal group’s Odisha power plant Concerns over fuel supplies and high interest cost, etc., have led to distress among several power firms, leading to many assets changing hands Avendus aims to manage $2 billion assets by fiscal end Avendus Capital’s growth in the wealth management business has been aided by the exit of foreign banks such as Morgan Stanley and BofA-ML from the sector CCI nod to Chatterjee Group’s acquisition of Mitsubishi Chemicals’ India unit The clearance will allow TCG to acquire 90% stake in Mitsubishi Chemicals’ Indian unit MCC PTA LoanTap has disbursed 100 loans worth Rs 2 crore in 7 months of operations LoanTap is trying to meet the credit needs of salaried individuals for either acquiring assets or for their personal consumption. GE Shipping looks to raise up to Rs 400 crore via NCDs The offshore business services the oil companies in carrying out offshore exploration and production activities through its subsidiary, Greatship (India) Ltd. Broadcom buying Brocade Communications in $5.5 billion deal Broadcom plans to sell Brocade’s IP networking business, which includes wireless and campus networking, data center switching and routing and software networking solutions Sebi revamps secondary market advisory committee Rose Mary K Abraham from Department of Economic Affairs, Ministry of Finance, and some Sebi officials are part of the panel. BSE, NSE offer data on primary issuance of corporate bonds The bourses had launched the repositories in July to help develop Indian corporate debt market and provide easy access to information on over-the-counter deals. Investors welcome Sebi's new rules on rating agencies' disclosures Investors said SEBI's rules will help Indian policymakers in their efforts to develop corporate bond markets as a way to provide funding for companies. Bank credit to NBFCs highest in three years: RBI data Credit to NBFCs grew at 25% year-on-year to an outstanding Rs3.7 lakh crore in September, according to RBI’s latest data MMTC to sell sovereign gold coins to NRIs In the domestic market, MMTC has now access to 383 bank branches through which it can sell these gold coins. Except SBI, state-run banks trail private peers in loans While the jump in bad loans which have eroded the capital position of banks may be a reason for the squeeze in loans growth. Tata empire split as Cyrus Mistry stays chairman of group units Tata Sons doesn’t hold a majority of the stock in Tata Power, Tata Motors and other group units, making the task of evicting Cyrus Mistry more difficult India needs $100 billion more to meet Narendra Modi's clean energy goal Growth in the renewables business has helped India become the third-biggest power market in the world after China and the US Amazon upends Black Friday holiday calendar by starting sales today As Black Friday wanes in importance, retailers must get creative to stand out -- and Amazon's early move sure stands out Tech Mahindra wins 5-year deal with Finnish retailer; to rebadge 33 employees Stockmann said that 33 of its current employees are expected to transfer to Tech Mahindra on 1 January 2017 under a business transfer agreement. Singer-actor Gurdas Maan to launch restaurant brand Punjabi singer-actor Gurdas Maan has partnered with Delhi-based Now Capital firm to launch a restaurant brand The Studio - by Gurdas Maan. French logistics player chalks out warehousing plans for India FM Logistic plans mega warehouses as part of its growth plans Telecom Secretary backs differential rate of duty and incentives under GST regime Under Digital India vision, which talks of broadband for all, electronic manufacturing and design in India will continue to be promoted. Reliance Jio to install 45000 mobile towers in 6 months The source said that RJIL informed Telecom Minister Manoj Sinha that it has already invested Rs 1.6 lakh crore in the networks and installed 2.82 lakh base stations across the country. DoT set to work on new telecom policy from April 2017 He, however, pointed to the unfinished job under the National Telecom Policy (NTP) 2012. The telecom ministry has issued technology neutral telecom li.. Telcom operators have made “huge strides” in minimising call drops: COAI Telcos had presented the Communication Minister with a 100-day plan in which they committed to an investment of Rs. 12,000 crore for installing 60,000 BTS Govt backs sops for local handset manufacturing under GST Mobile phone manufacturers have approached the government, more recently the finance ministry, seeking continuation of the differential duty structure.. Booming satellite business needs India's rockets Emerging India may seem like an unlikely competitor for Silicon Valley rocket companies. Yet since 1969, ISRO has consistently punched above its modes.. 4G No Longer a Distant Dream in Suburbs, Thanks to Reliance Jio During July and September quarter, more than 14 million VoLTE smartphones were shipped due to the lucrative launch of Jio services. Telecom Firms Have A Bigger Role In Realising Digital India Dream: RS Sharma TRAI chief says the approach is to have a light touch regulatory system, but at the same time in every sector you do require regulations for orderly growth, , telecom, telecom regulatory authority of india, rs sharma, digital india FMCG companies feel slowdown heat September quarter results till now of consumer goods companies show most faced a tough time in the period. The herbal wave in India's personal care market Competition from Patanjali, changing consumer preferences are driving the trend in the country FSSAI finalizes norms for fruit content in fizzy drinks FSSAI has notified that drinks with fruit juice quantity below 10% but not less than 5%, and 2.5% in case of lime or lemon, should be called carbonated beverage with fruit juice Companies lure consumers with offers to ramp up volume FMCG industry grew by a marginally 1 per cent in volume in July-Sept quarter and most companies are now ready to sacrifice margins to mop up volume growth. Termites eat into files at consumer courts The termites are eating into the case files piled up at the consumer courts due to inadequate storage facility, a Supreme Court-appointed panel has submitted before the top court. Most domestic talcum powder brands safe, certifies FDA The state Food and Drug Administration (FDA) has certified most domestic talcum powder brands as asbestos-free and complaint with safety norms. Patanjali Food Park in Assam to get mega industry status Chief Minister Sarbananda Sonowal will lay the foundation stone for the Patanjali Herbal and Mega Food Park at Balipara on November 6. Dabur India launches scholarships for Ayurveda students In a bid to promote Ayurveda among young professionals, Dabur India announced this yea Parle enters luxury chocolate segment with Friberg brand The bar format comes in three different Swiss chocolate flavours which include Lait Suisse Chocolat, Noir Suisse Chocolat and Lait Caramel Chocolat. Pollution in Delhi rises to record level once again The government has proposed many steps to tackle the menace, but none have a timeline. Indian FMCG firms outpace MNCs in growth, revenue: Assocham-TechSci Report Domestic fast moving consumer goods (FMCG) companies have performed significantly well vis-a-vis the multinational companies (MNCs) in India during 2015-16, a research report said on Monday. “The combined overall revenue of selected eight MNCs during the FY 16 registered a total of $9,436.66 million, whereas the combined revenue of selected seven Indian FMCG is $11,066.46 Flipkart says it is still king of online jungle, value-wise After the end of festive season sale, war of words between Flipkart and Amazon India sharpened as the former said it is still the king of the e-commerce jungle, as its internal estimates show that Flipkart sold more high-value product while spending less on marketing and logistics as compared to Amazon India. Former Flipkart CPO Punit Soni to launch start-up soon; says 'naming darn thing… hard' Former chief product officer of Flipkart Punit Soni has announced that he will undertake an entrepreneurial journey with the launch of a new start-up which will be incorporated soon. Reliance Jio's Voice over LTE: reality or myth in real India beyond the lobby of legacy versus the new "The company has said that it has plans to invest Rs 1 lakh crore over a period of 4 years and the new towers are part of this investment," an official source told PTI. 4.5 million MTNL customers in Mumbai can now go cashless with Freecharge Freecharge has partnered with MTNL to provide a swift and secure way to make cashless payments for MTNL bills in Mumbai. Shopping is still a family entertainment: Benetton India CEO Sandeep Chugh Benetton stores today are present across 800 plus doors and 350 plus EBOs. In additions to A+ city, today the brand has presence in 150 cities includi.. Instagram forays into shopping with new set of mobile tools Popular photo app Instagram has announced that it is all set to unveil a new feature that will let users shop products directly from their favorite stores - no other apps required.A blog post on 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