Dec 26, 2016 - Sun Pharma investors jittery about promoter's non-core moves

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Sree Vijaykumar From the Editor's Desk Of the many oddities that are culturally specific to Japan - from cat cafes to graveyard eviction notices to the infamous Suicide Forest, where an estimated 100 people per year take their own lives - perhaps none is as little known, and curious, as "the evaporated people." Since the mid-1990s, it's estimated that at least 100,000 Japanese men and women vanish annually. They are the architects of their own disappearances, banishing themselves over indignities large and small: divorce, debt, job loss, failing an exam. More here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). Sun Pharma investors jittery about promoter's non-core moves The company, last Thursday, announced the acquisition of an oncology product for launch in global mar kets. This is the company's third acquisition in as many months. 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. The Real Deal with Email and What TradeBriefs does right So, here There's a lot still right with the India story: Jim Walker, Asianomics "There's more than 500 bps gap between Indian and US interest rates. We are looking for 100 bps in rate cuts in India by end CY2017, says the Asianomics MD. Private equity exit deals touch a record $10bn Private equity (PE) investments in Asia's third largest economy declined 30% to $16 billion in 2016 till date, showed data from Bain & Co. But, PE exits increased nearly 10%, topping more than $10 billion in the same period, revving up direct interest of global pension fund managers and sovereign wealth funds (SWFs) in the country. Demonetisation in India was abrupt and secretive, find out how India’s rapid demonetisation has obviously fallen short, because it was unnecessarily abrupt and secretive Expect improved and innovative health products in 2017 With wider reach of internet and smartphones, and the government’s focus on digital transactions, fintech in insurance is poised to make a big impact in 2017 The 40 who matter in the Indian start-up ecosystem While e-commerce influencers still dominate the list, there are a handful of new entrants, mostly those connected with SaaS start-ups. Here are the first 16 Government asks banks to share IT breach info within 2 hrs Government has sounded an alert with all the top banks, including SBI, PNB, ICICI and HDFC. Banks have been instructed to inform about any breach in their IT systems within 120 minutes as the firewall against cyber hackers is being strengthened in view of the large number of digital transactions. ED questions AirAsia India's finance head in forex case Cyrus Mistry alleged fraudulent transactions of worth Rs 22 crore Finance ministry launch ad campaigns to subtract demonetisation grief As the focus gradually shifted towards a cashless economy, the following brief was floated: "Cash hua purana, ab digital ka hai zamana". Facing pressure, India readies stance on new issues at WTO India has vehemently opposed the inclusion of new issues in the multilateral organisation unless the existing one related to food security and special safeguard mechanism (SSM) are resolved. As valuations plunge, startups asked to shell out more in tax The Income Tax department has issued such orders or adjustments in about 100 cases across India between November 30 and December 15, according to people in the know. Warburg Pincus seeks RBI’s nod to retain 22% stake in Au Financiers Au Financiers, which got the licence from the RBI in last Friday, will be renamed Au Small Finance Bank and is set to start banking operations in April 2017. Six banking trends to watch out for in 2017 2016’s black swan events, such as demonetisation and Donald Trump’s rise, are certain to impact India’s banking sector in 2017, bad loans and new banks aside Fairfax, US buyout funds vie for stake in IndiGo Tech arm Warburg Pincus and TPG Capital Management are the two other contenders in talks to acquire the Delhi-headquartered technology outsourcing firm. Bhatinda Refinery eyes Rs5,000 crore for expansion Bhatinda Refinery plans to increase its refining capacity to 18 million metric tonnes per annum and set up a petrochemical complex ICICI Bank registers the first case under the bankruptcy ICICI Bank moves NCLT against steel maker Innoventive Industries to initiate corporate insolvency process under the Insolvency and Bankruptcy Code 2016 NBFCs seek more time to classify defaults as NPAs NBFCs have been hit by demonetisation, with dipping collections and asset quality concerns, compounded by political risks We will see competition from Amazon, Paytm in lending: Clix’s Pramod Bhasin Pramod Bhasin of Clix Capital says to face competition from the likes of Amazon, Paytm in lending, it is essential to innovate and explore technology, analytics Abertis buys two Macquarie toll road assets for Rs1,000 crore Spanish infrastructure firm Abertis said to have fended off competition from Tata Realty and Infrastructure for Macquarie’s road assets GMR Enterprises raises Rs220 crore from VTB Capital GMR Enterprises’s latest round of fundraising from VTB Capital is part of an ongoing process at the group to reduce debt on its balance sheet Demonetisation: Money deposited in banks has lost its earlier anonymity says Finance minister Arun Jaitley Describing the currency being deposited in banks following last month's demonetisation of high-value notes as money that has lost its earlier "anonymity", Finance Minister Arun Jaitley on Sunday said these funds now available with the banks have strengthened the Indian banking system. IDFC Bank launches aadhaar-linked cashless merchant solution It said IDFC Aadhaar Pay will enable millions of merchants across the country to facilitate cashless purchases for customers in a cost-effective and scalable way. Demonetisation: Restrictions on cash withdrawals likely to continue beyond December 30 As Modi's 50-day deadline draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue After demonetisation, govt must prepare to fight challenge of digital black economy One of the major issues that the government may turn its attention to is digital currency like bitcoin and its possible use to turn black money into digital black money. Demonetisation took the veil off the seemingly well organised world of Indian private banks Top CEOs of the Indian banking industry were meeting with experts in vigilance and compliance, in a closed door seminar to discuss banking fraud. How Deutsche Bank’s big bet on Wall Street turned toxic The $7 billion-plus penalty illustrates the extent of its decline since 2008 financial crisis when its then CEO claimed it was one of the ‘strongest banks in the world’ Amazon explores offline channel to clear stock Amazon has exclusive deals across product segments such as televisions, appliances, apparel and accessories, shoes and baby products with a lot of global and Indian brands. Flipkart is ready for a fashion statement in FY18 Flipkarts fashion business, including subsidiaries Myntra and Jabong, accounted for about one third of gross sales in the September quarter. E-payment in limbo as e-PoS machines get defunct No cash, residents choose e-payment, online shopping for Christmas Hindustan Times Lack of cash due to demonetisation has forced residents to go for online shopping and e-payments for Christmas, which is synonymous with gifts and cakes. Christmas is the first major festival after demonetisation came into effect on November 8. As ... GST for telecom sector,how important it is, not to burden it with tax with duties It is important that the telecom industry is not plagued with excessive taxes and duties India is one of our fastest growing markets in the Asia Pacific region : Dr Richard M Eglen Today, Corning’s investments in India align well with emerging market trends in the region. Demonetisation, GST sops worry weigh on smartphone makers Demonetisation was an unexpected and painful twist, but the companies expect the demand drought due to the current cash crunch to be temporary. Telecom sector calls imports screening plan 'draconian' The BIF represents Bharti Airtel, Vodafone, Telenor, Qualcomm, Facebook, Google, Microsoft and Intel, among other companies. Reliance Jio network to hit 100 million subscribers milestone by March 2017: Report India's fastest growing Reliance Jio 4G telecom network had caused turbulence in the Indian telecom scenario, ever since it announced their services public in September and may name another major achievement to themselves. India to Get Aadhaar Payment App for Mobile to Fight Cashless Days The government's pet project of Aadhaar Payment App will be launched on December 25. It's widely believed that the new app will easily replace the debit. Ban on liquor shops near highways to hurt food and beverage business In its Dec 15 order, the SC stated there will be no liquor shops on national or state highways from Apr 1 and existing licences of liquor shops won't be renewed. Ecomm sellers expect level playing field As online marketplaces started calculating losses and implementing irrational policies, sellers have begun facing unit losses, stuck inventories and penalties PM Modi's Make in India has boosted food processing industry: Experts The experts said that an expansion in the food processing industry would increase the Gross Domestic Product (GDP) of agricultural sector in return. Consumer Price Index like to see a rise in 2017 We expect headline CPI inflation to average 5.3 per cent in 2017, up from 5.1 per cent in 2016 and 4.9 per cent in 2015. Ten high-profile exits of 2016 Exits at the Tata Group highlighted the role of independent directors. Here are the top high-profile exits of 2016. Biscuit sales down post demonetisation, says Parle Prime Minister Narendra Modi's demonetisation drive has eaten into the growth momentum of the biscuits sector, which has seen sales fall by up to 1.5 percentage points, according to market leader Parle Products. Delhi: Govt will enforce tobacco ban more strictly Eighteen months after a Delhi government ban, state food inspectors will finally be able to take action against companies or vendors selling pan masala along with chewing tobacco,... The yoga gurus behind India's hottest consumer products They have bushy beards, a preference for loose-fitting robes, hundreds of millions of devotees — and a line of consumer products. Meet the Indian gurus behind the brands challenging some of the planet’s biggest companies. India' FMCG sector has lost Rs 3840 crore last month, thanks to demonetization Demonetization has taken a toll on India’s FMCG sector 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