Jan 13, 2017 - After note ban, banks flush with cash but India Inc in no shape to borrow

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Sree Vijaykumar From the Editor's Desk When Justin Trudeau said 'there is no core identity, no mainstream in Canada', he was articulating a uniquely Canadian philosophy that some find bewildering, even reckless - but could represent a radical new model of nationhood. Could Canada be the world's first post-nationalist country? Canada has been over-praised lately for, in effect, going about its business as usual. In 2016 such luminaries as US President Barack Obama and Bono, no less, declared "the world needs more Canada". 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). After note ban, banks flush with cash but India Inc in no shape to borrow Rising NPAs and sluggish economic growth sparked a 60% decline in corporate borrowing 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 Payment companies that run ATMs want to be compensated “ATMs should also be considered part of the digital payments channel and not treated only as machines spitting out cash,“ said Himanshu Pujara. Morgan Stanley cuts jobs, bonuses as deals, IPOs stall amid slowdown Morgan Stanley lays off senior investment bankers, cutting bonuses by roughly 15% because of a decline in revenue from dealmaking and capital raising across Wall Street How to calculate capital gains tax Capital gains are profits that an in vestor has made from selling asset like stocks and real estate.It is differentiated as long-term and short-term for taxation purposes. Gujarat will emerge as defence manufacturing hub: Manohar Parrikar Speaking at the Vibrant Gujarat Global Summit, Manohar Parrikar said that the centre has approved close to 20 licences for defence production in Gujarat KKR and Co. eyes private credit growth in US, Asia, Europe KKR and Co.’s Henry McVey says finding a lot of opportunity in the performing side of private credit markets across the US, Europe and Asia UK online lender Funding Circle bucks Brexit with new funding round Funding Circle, the biggest online lender for small businesses in the UK, has raised $100 million in equity funding VCs need to aggressively create exits, says Ash Lilani, Saama Capital Last year, Saama exited Snapdeal when Canadian pension fund Ontario Teachers Pension Plan led a new round in the Delhibased company. Has Tata Sons just strangled the goose that laid the golden egg with TCS CEO shift? A moot question is whether N Chandrasekaran as Tata Sons chairman will replicate the success he has had at Tata Consultancy Services Idea Cellular to raise Rs500 crore via NCDs Idea Cellular plans to issue NCDs on 17 January on NSE on which it is offering 7.77% per annum. The date of maturity for these NCDs will be 17 January 2022 Adani Ports to raise $500 million via foreign currency bonds Adani Ports $500 million issue will mature on 19 January 2022 and interest rate on the notes is payable at 3.95% semi annually 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. Sushma fumes as Amazon sells Tricolour mats Row over sale of doormats bearing the national flag by global e-tailer 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 Fashion e-commerce firm Fynd targets southeast Asia amid expansion plans Fynd will start servicing some markets in Southeast Asia from April and expand beyond clothing, footwear and accessories to kidswear, décor and furnishing 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 Telecom department can penalise companies for denying connectivity to Jio: AG “The AG (Attorney General) has said that it is within our powers to levy the penalties in spite of the Tripura High Court judgment,” the officer told ET. Bharti Airtel opens first banks in Indian mobile phone shops Here’s everything you need to know about Airtel’s payment bank service. Telecom companies sharpen their focus on M A: EY Telecom companies sharpen their focus on M&A: EY Reliance Jio to Launch 4G VoLTE Feature Phones Starting Rs. 999 Soon: Report Reliance Jio is working with domestic manufacturers like Lava to manufacture these phones Facebook, WPP launch 'Creative Ambassador Programme' in India The partnership programme will be expanded to Australia this year, followed by New York to ensure people are up-to-speed on everything Facebook. Trai may make your phone calls and mobile internet cheaper this February Cellular industry body COAI has alleged that BSNL's new service for making calls is in violation of licence norms. Digital India facing hurdles on multiple fronts: Report "This is largely due to the fact that providing mobile connectivity in such locations is not commercially viable for service providers," it added. 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. E-commerce in India: Funding falls to 3-year low of $300 mn in quarter Money raised by internet companies dropped to a three-year low in the December quarter, with less than $300 million coming in. Digital sector to cross Rs 20,000-crore mark by 2020 The Indian digital sector is expected to cross the Rs 20,000-crore mark by 2020 from Rs 8,490 crore at present, largely led by OTT and digital advertising, according to a report. Panasonic bets on apps to catch up with bigger rivals in India Admitting that the Indian market is dominated by Chinese companies, Sharma said a strong portfolio of devices isn't enough to grab market. 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