Jan 12, 2017 - ASSOCHAM highlights slowdown of Punjab economy in 10 years

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Sree Vijaykumar From the Editor's Desk Corporates are mortgaging the long-term future to achieve quarterly goals, right? From academics like Michael Porter to politicians like Hillary Clinton, many would have you believe this is precisely the case and that this is making the rich richer and the poor poorer. However, data suggests otherwise! Corporate profits in America have increased steadily since 1980 and short-termists were around even in the 1980s. Surely, 36 years is a long period. Moreover, according to the World Bank, in 1980 the number of people living in extreme poverty globally was around 2 billion, some 44% of the world's population, which numbered about 4.5 billion. By 2012, that figure had fallen to less than 900 million, or about 13% of the global population of 7 billion. The World Bank projected last year that for the first time the number of people living in extreme poverty around the globe was expected to have fallen below 10%. 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). ASSOCHAM highlights slowdown of Punjab economy in 10 years State’s overall economic growth rate had plunged to its lowest of 4.9 per cent in 2014-15 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 How India coped with demonetisation Number of debit card transactions spiked and ATM withdrawals plunged; credit card usage, online banking unexpectedly showed a negative trend GST plus digital will make economy cleaner, bigger: Arun Jaitley The Finance Minister said that steps taken by the government in 2016 will change the way “Indians live and spend in future”. Tata trustee Noshir Soonawala says Mistry’s charges are defamatory Cyrus Mistry’s investment firms in an NCLT petition have accused Tata Trusts of corporate governance lapses and violation of insider trading norms Post demonetisation: India running on half the cash Currency in circulation is Rs 8.98 lakh crore, as per latest data. This is 50.04% less than the currency levels of Rs 17.97 lakh crore as on November 4, before the note ban. Edelweiss ARC to file insolvency case against Bharati Defence in NCLT Edelweiss’s move is in response to the dissolution of BIFR, which makes Bharati Defence vulnerable to winding-up petitions from unsecured lenders Private Equity firms attend meet with FinMin on FDIs For 2016, private equity investors bet $15.2 billion across 620 deals making it the second biggest year for such investments in India. Axiom Asia to invest up to 15% of new $1 billion fund in India Axiom Asia’s new fund, Axiom Asia IV, recently marked its final close, against a target of $750 million IDFC Alternatives raises $100m for fourth fund From the fourth fund, IDFC is looking at investing in 8-10 companies with a ticket size of around $30-50 million. Fino Paytech raises Rs 149 crore from ICICI Bank’s insurance arms Its managing director and chief executive Rishi Gupta said Rs 400 crore has flowed into the company in the past week, which also includes Rs 251 crore from BPCL announced previously, and the funds will suffice it for 12-18 months. NTPC plans sale of foreign currency bonds to mop up 500 million euros The state-owned utility will conduct road shows in Europe starting Monday. The bonds will be offered as part of a programme to borrow $4 billion to meet funding requirements. Apax sells 48 % stake in IT outsourcing firm GlobalLogic to CPPIB in $1.5 bln deal The transaction would also be one of the biggest private equity exits in the technology sector post Capgeminis $4 billion acquisition of Nadasdaq-listed iGate, which was again backed by Apax Partners. Oil prices rise as Saudi Arabia tells Asian customers of output cuts Saudi Arabia, the world’s top oil exporter, has told some of its Asian customers that it will reduce their crude supplies slightly in February Should you buy more stocks or sell, when equity market falls? The first thing to consider is the reason for the fall in the overall market index and then the fall in individual stock’s prices Mutual funds include UPI as a payment option At the moment, you can invest only up to Rs1 lakh per transaction (Rs20,000 if your bank account is not KYC compliant) Disclosures, risk assessment becoming vital for wealth management The wealth management industry is in the midst of significant change: a new generation of well-informed investors, whose expectations and preferences have been shaped by technological advancement and by their experience through the last financial crisis, have brought new standards to the industry in terms of how investment products and advice are being delivered Hansel raises $1.35 million to power growth and expand overseas operations Mobile application management platform, Hansel.io, raises $1.35 million for team expansion, product development and growth in overseas markets As Paytm becomes a bank, what happens to the money in the wallet? The money in 160 million Paytm wallets will simply be transferred to Paytm Payments Bank on 15 January Welspun to invest Rs2,000 crore to set up SEZ in Gujarat Welspun Group will invest Rs2,00 0 crore to set up a special economic zone in Gujarat, says chairman B.K. Goenka JSW Cement to buy controlling stake in Shiva Cement Shiva Cement to sell its 35.6% promoter holding to JSW Cement at Rs14 a share Xerion Retail's Jabong.com turns profitable for first time in 6 years since inception Online retail firm Xerion Retail, the parent firm of Jabong.com, turned profitable in FY16 for the first time since its inception six year ago. Future Group shows 'future'istic way of doing discount sale The #DecideYourPrice initiative on Twitter will take place on alternate Thursdays. Wendy's may try new India recipe to drive up sales Wendy's reconsidering its franchise model with Amtek Auto, planning a JV. Amazon India signs MoU with Gujarat Tribal Development Department As part of the MoU, Amazon India will educate, train & enable tribal entrepreneurs to directly sell their products to Amazon customers not only in Ind.. Bigbasket, Aaramshop on how they are handling demonetization Demonetization has taken the country by storm and affected every business sector in some way or the other. In a bid to understand its repercussions on the F&G industry, Progressive Grocer India s Shoppers Stop to consider Q3 and 9M results On 31 January 2017 Can Paper Boat set sail on the chikki ship Hector Beverages owned Paper Boat has chosen peanut chikki to launch its entry in the ethnic snack space. Home decor brand Skycandle targets US $3-5 million sales this fiscal Online retailer and home decor brand, Skycandle – which entered the Indian e-commerce space one-and-a-half years ago with the aim to boost employment and generate skilled manpower – has turned in Jio 4G now the fastest in India Reliance Jio beat Airtel, Vodafone and others, becoming the fastest among all 4G service providers in India in December 2016. Qualcomm appoints Larry Paulson as Vice President and President of Qualcomm India Paulson has over 20 years of experience in strategy, R&D, customer development, product marketing and technology creation BRIEF-Bharti Airtel appoints Badal Bagri as CFO for India South Asia Bharti Airtel Ltd India's telecom subscriber base crossed 1.1 billion in October 2016: TRAI The report said that the country's second largest telco is "weighing a potential merger of its Indian arm with rivals as it seeks a turnaround in the .. Import of mobile phones allowed in India without panic button till February'17 Good move! Jio News: Jio speeds shoot up to 18 Mbps in December; Vodafone India seeks merger with Reliance Jio Now that Reliance Jio speeds have improved, will it still agree to a merger with Vodafone India? Why Aadhaar is India's unique innovation for a digital economy This story was delivered to BI Intelligence... Budget 2017: Telecom industry waiting for Narendra Modi government to dial the right tax code India’s growth story has been nothing short of inspiring over the last few years. Positive policy reforms and growth-oriented initiatives have put the economy on an upward trajectory. Lowe Lintas, Delhi, adjudged winner of pitch for Cargill India brands The account was won post a multi-agency pitch. Number of Indian teenagers consuming alcohol increases: Is the future sloshed? Number of Indian teenagers consuming alcohol increases: Is the future sloshed? - According to a report by the WHO and the NIAA, the number of Indian teenagers consuming alcohol is increasing alarmingly. Culture change and insatiable need for booze are some of the reasons, but what is the solution? Why Q3 promises to be a 'heaven only knows' earnings season for India Inc It is important that India ensures that 4% inflation target is secured on a durable basis as the money policy framework has been backed by legislation: Patel. Green tribunal orders test of cosmetics containing microbeads The National Green Tribunal has directed the Centre to test cosmetic products containing microbeads after a plea sought a ban on their use on the ground they are extremely dangerous for aquatic life a Dabur India launches AyurMedha to promote Ayurveda India's leading Science-based Ayurveda company Dabur India Ltd. has embarked on a journey to promote Ayurveda amongst the young professionals with AyurMedha scholarship.This innovative program has been inculcated to encourage young talents in the Hindustan Coca-Cola Beverages Ltd to invest Rs 750 crore to set up plant in Madhya Pradesh Madhya Pradesh Industry Minister Rajendra Shukla today laid the foundation stone of the new plant, which is being built in AKVN Babai Industrial Area, Hoshangabad. No plan to cut sugar import tax for now: Ram Vilas Paswan Sugar prices in the local market have risen more than 10 percent in a month on an expected drop in the production after back-to-back drought ravaged cane crop in the top producing western state of Maharashtra. Demonetisation to adversely impact consumer goods sector in Q3: Report "Companies we spoke to sounded more sanguine at December-end than they did in mid-November immediately after the demonetisation announcement, though," it said. Wheat strengthens on rising flour mills demand Wheat prices advanced by Rs 20 per quintal at the wholesale grains market today following surging demand from flour mills. Rice basmati also moved up on uptick in demand. Traders said rising demand from flour mills mainly kept wheat prices higher. Basmati rice prices firm up as Iran lifts ban The rise in prices came as demand from African buyers improved, said an exporter based at Kakinada in southern Indian state of Andhra Pradesh. Amazon In Trouble Again; Now Sushma Swaraj Asks To Apologise For Insulting National Flag Doormats featuring the Indian flag were made available on Amazon Canada site by two vendors -- Mayers Flag Doormats and XLYL. 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