Dec 27, 2016 - Making GSPC deal pay off a big ask, even for ONGC

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Sree Vijaykumar From the Editor's Desk According to Maruti Suzuki chairman Mr Bhargava, taxis will overtake private cars in sales soon. This is largely due to Ola and Uber and this is scary news for the automobile sector. The anticipated trend of "NOT wanting to own a car, when one can access it at the touch of a button" is coming sooner in India than one would have thought. Anand Mahindra was one of the first to recognize this and rush towards a partnership with Ola. While car sales from taxi services might go up in the short run, in the long run, more efficient utilization of cars will lead to a drop in automobile sales. More in this article 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). Making GSPC deal pay off a big ask, even for ONGC ONGC will pay nearly $1 billion for the Gujarat-based company's Deen Dayal West field and another $200 million as `part consideration' for six other discoveries. 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 Note ban threatens to change rural narrative Cash crunch and resultant shock to rural economy are threatening to undo the feel-good factor created by the monsoon and prospects of a record kharif harvest Will Gail India stock continue to outperform? Gail India’s petrochemicals business is expected to incrementally benefit from better capacity utilization of the new plant in Uttar Pradesh Companies Act: New law just a beginning; proactive steps by Narendra Modi govt needed The provisions governing schemes of arrangement, reconstructions and reorganisations in the Companies Act 2013 (new law) have been notified recently, with effect from December 15, 2016. Gold holding of 3 Kerala companies more than Australia's Three men barged in the Dhoraji branch of the company and reportedly left with 4.8 kg of gold, all caught on camera Tata vs Mistry fallout: Opinion divided on whether Tata group needs restructuring Tata group, which until now was one of the most predictable groups in India, has shaken investor confidence with this tug-of-war between Cyrus Mistry and Ratan Tata Online retail firms get a reality check in 2016 Industry experts are unsure about the space that small players have in the market to operate. Disha Microfin overhauls business ahead of small finance bank debut Microfinance firm Disha Microfin is in the process of applying for final approval from RBI and expects to launch a bank in April 2017 FPIs may face up to 40% tax on Indian investments While theoretically the government can also levy tax retrospectively for the last seven years, a tax official said that is unlikely. SBI banks on Microsoft 'white space' for rural push Since July last year, Microsoft has been testing 'white space' in Srikakulam in Andhra Pradesh Arun Jaitley meets select bankers to take stock of demonetization Arun Jaitley meets select bankers to take stock of demonetization - Will the different restrictions on cash withdrawal exist beyond December 30? Searching for fairness in the Indian startup world Flat growth raises worrying questions about rosy projections of investors who pumped in billions of dollars into Flipkart, Snapdeal and other e-commerce start-ups Nandan Nilekani invests $5 million more in 10i Commerce With the latest investment, Infosys co-founder Nandan Nilekani has so far invested about $10 million in 10i Commerce in several tranches India needs globally compatible tax rates: Arun Jaitley The Finance Minister said he foresaw an India in the coming decades where voluntary compliance increases. Godrej Nature's Basket shuts all of its eight stores in national capital region Confirming the development Avani Davda, managing director of Godrej Natures Basket said, “Store openings and closures are a part of any retailers growth journey.” Dev-ops adoption in retail in India Dev-ops is breaking ground towards swifter and agile methods of technology delivery. It is the latest trend in the software development process that is transf.. No sweetener for Apple to be a part of Make-in-India Hindustan Times Local manufacturing will help Apple open retail stores in the country. Taiwan's Hon Hai Precision Industry Co Ltd (Foxconn), which makes Apple devices, has a manufacturing facility in southern India. "Apple wants higher exemptions since there are not ...sp; KFC launches first Artificial Intelligence enabled outlet in Beijing With the cooperation of Baidu Inc, China's largest search engine, KFC started its first smart restaurant in the Financial Street area in Beijing on Friday, the People's Daily reported on Sunday. McDonald's, Pizza Hut & KFC are empowering Indian women; here's how The increasingly female face of a new Indian workforce shines at suburban Delhi's Mall of India MobiKwik sees 400% rise in transactions post demonetisation According to co-founder Upasana Taku, the mobile wallet now has 4.5 crore users, which has grown from 3.5 crore users before demonetisation. IT department clarifies, retro tax ghost won't haunt foreign portfolio investors ​Finance Minister had promised in his first Budget speech last year that no fresh action would be initiated for any transaction prior to 2012 under the amendment to tax indirect transfers. ​ Oppo plans $216 million industrial park in Greater Noida Oppo's industrial park is spread over 1,000 acres and entails investment of about $216 million. Indian Mobile Manufacturing Industry In 2016 : A Snapshot Having India's own mobile manufacturing industry has constituted a major part of Prime Minister's Make In India initiative. And the industry has responded well to this initiative since so far. digital india: 950 million indians have no internet access, says study ... Though mobile data plans in India are among the cheapest in the world Sterlite Tech looks to tap into India's $4 billion MVNO pie The company has also indigenously developed business and operations support system (BSS/OSS) solutions which would be fit for MVNO deployments across .. Coca-Cola shakes up its India top deck amid sluggish sales Heads of bottling and franchisee operations relocated to roles outside the country; churn at bottling partner also continues. Consumer body cautions against charging over MRP Despite a National Consumer Disputes Redressal Commission order, double pricing continues Mapping the market: Second-rung stocks take heavy beating; FMCG only gainer Amid the sea of red in the listed universe, there were some rays on hope. In this piece, we have captured a lot more of that and other market-moving events from the day. Ranveer Singh becomes new face of Thums Up campaign "Ranveer Singh, with his palpable energy and inimitable style, will help amplify the aspirational quotient of the brand," Coca-Cola India and South West Asia VP Marketing said. Demonetisation: Biscuit sales down post note ban, says Parle The 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. Flipkart Says Delhi-NCR Had Highest Number of Online Shoppers in 2016   FMCGs hit by note ban, high input costs | business-news |Hindustan Times The note ban and rise in price of key inputs like palm oil has been a double whammy for fast-moving consumer goods (FMCG) firms. Turning a new page, city-based beverage startup takes to publishing new authors Now, the company is drawing up a plan to distribute the book through online and offline channels. "Depending on the feedback that we get for the book, we will devise a plan for the coming years." Digital India: Rather than pushing e-modes, Narendra Modi govt should let consumers choose On November 8, India’s prime minister announced that old R500 and R1,000 notes would no longer be legal tender. FirstCry's sales rise, but losses double to Rs 123 crore The company had net sales of Rs 118 crore with net losses were Rs 63 crore a year ago. eBay India's sales jump three-fold, but losses mount Bottom line takes a hit in FY16 despite various cost-cutting initiatives, including lay-offs. Josh Mobiles Launches Budget Phone 'Mint' Focusing on Tier 2 And Tier 3 Cities 'Mint' comes with a 1.8inch screen display and a VGA Camera which supports video recording. Alibaba Group's 9Apps partners with Gameloft to distribute top games in India Commenting on the partnership, Ebrahim Popat, Country Manager, 9Apps, said, "We are glad that leaders in the gaming industry like Gameloft are choosin.. Indian men emerge big online shoppers of 2016: Flipkart Top brands that remained favourite throughout the year were Samsung, Lenovo, SanDisk, Mi and UCB Google to launch online safety campaign for digital consumers in India Google has teamed up with the Ministry of Consumer Affairs in India to launch a country-wide 'Digitally Safe Consumer' campaign Amazon loses Rs 3572 crore in battle for India's ecommerce crown The pace of spending by Amazon India has only risen this year, as it introduced its Prime service and has also made an aggressive grocery push. NCR had highest number for e-shoppers: Flipkart E-commerce major Flipkart on Sunday said it saw the highest e-shopper turnover from the national capital region this year. Indian startup ShadowFax raises $10 million with successful pivot from food delivery ShadowFax expanded its services to other industries, surviving the crunch of India's food delivery startup bust These 10 startups showed how their innovations are helping build a better future, at IBM's Smartcamp for Smart Cities This story is sponsored by IBM The recently-held IBM Smartcamp for Smart Cities organised by the IBM Global Entrepreneur program in association with Sterli 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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