Jan 5, 2017 - Modi's cash crunch deadline is over, but the pain has just started

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk It is fashionable to romanticise entrepreneurs. Business professors celebrate the geniuses who break the rules and change the world. Politicians praise them as wealth creators. Glossy magazines drool over Richard Branson's villa on Lake Como. But the reality can be as romantic as chewing glass: first-time founders have the job security of zero-hour contract workers, the money worries of chronic gamblers and the social life of hermits. Shout out to Srikanth Aithala for the story recommendation. Full story 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). Modi’s cash crunch deadline is over, but the pain has just started Even if the first-order pain of demonetisation—the absolute lack of cash—is easing, the second- and third-order pains born of supply-chain problems, production cutbacks and so on are still to be felt 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 Mutual funds record the highest growth in 7 years, add Rs. 3.71 trillion to their kitty Mutual fund assets have reached a total corpus of around Rs17 trillion, despite lacklustre equity markets, demonetisation woes and a surge in global oil prices Has the IPO dream run ended in India? A weak secondary market could weaken appetite for IPOs in India this year Muthoot HomeFin to raise Rs800 crore next fiscal Muthoot Finance unit performed ‘exceedingly well’ in December quarter, says CEO Ramratthinam S. Playing for consolidation disruptions PEs will do bigger deals and more buyouts while VCs will only back viable & disruptive start-ups Push for ease of doing business can help economy regain lost ground: Ficci president Demonetisation, GST as well as factors such as Trump, Brexit to change operating landscape for Indian firms, says new Ficci president Pankaj Patel NSE has far bigger problems than providing unfair access to brokers NSE is going ahead with an IPO against the backdrop of a crisis of confidence and credibility Apple confirms $1 billion investment in SoftBank tech fund SoftBank is investing at least $25 billion in the fund and has been in talks with Saudi Arabia’s Public Investment Fund for an investment that could go up to $45 billion SBI to end PoS transaction fees for small merchants PoS transaction charges may be removed for merchants who have a turnover of Rs20 lakh and below, says SBI chairman Arundhati Bhattacharya Novelis taps Asian banks to refinance $1.8 billion term loans Novelis is the Atlanta headquartered arm of Aditya Birla group flagship Hindalco. Demonetisation may deal a bigger earnings blow to banks than to consumer firms Banks have not only been hit by slowing credit demand, they have also had to forgo fee income on ATM transactions and card payments following demonetisation If UPI Payments work in India, it will work everywhere: Sundar Pichai, CEO, Google I would broadly say that the US is one of the most open economies in the world and I expect it to be that way. Globally, these trends are macro, secular trends. Finance Ministry sends joint secretary to coordinate RBI cash operations Currency chests are branches of select banks authorised by Reserve Bank to hold notes and coins. The central bank manages currency chests. Can India's biggest mobile wallet challenge traditional banks in new move? Paytm was one of 11 recipients of RBI's in-principle payments bank licence, reports Tech in Asia Rex Tillerson, Exxon Mobil part ways via $180 million retirement package Rex Tillerson will surrender, if confirmed as US secretary of state, all unpaid stock that was part of his pay package, more than 2 million shares Learntron gets early-stage funding from Kae capital Chennai-based Heuristix Digital Technologies Pvt Ltd, which runs and operates learning-technology venture Learntron, has raised an undisclosed amount of funding from venture capital firm Kae Capital. The Chennai-based startup offers training programmes to tutoring and online learning ventures, K- BPCL could raise $1 billion next week The money will be used to refinance short term loans taken by the company to buy stakes in Tass-Yuryakh and Vankor, two oil fields operated by Russian government owned oil giant Rosneft, one of these people said. 97% banned notes said to be deposited in banks in blow to Modi’s black money fight Banks have received Rs14.97 trillion ($220 billion) as of 30 December, the deadline for handing in the banned notes, said a person familiar with the matter Private dairies adopt small format parlours model, eyeing better margins Heritage Foods, which currently has around 1,600 milk parlours, is currently reporting sales of about Rs 7,000 a day per parlour. Amazon, Forever 21 vying for bankrupt American Apparel: Report Amazon's acquisition of American Apparel would be a major push for the e-commerce company into branded fashion and apparel. Sears is closing 150 stores Sears will close dozens of Sears and Kmart stores in early 2017. Here's a list of stores that will shut down. FMCG firms take start-up route to new turf When Dabur copied Paper Boat’s famous ‘doy’ packaging for its Hajmola Yoodley ethnic Home Fashion Indian Threads aims to sell over 10000 shirts every month by March 2017 Indore based start-up Indian Threads is changing the fashion industry for men. Launched a year ago, the brand has since grown a formidable following of men eager to find the right fit as far as shirts Google Aims To Get India's 51 Million Small Businesses Online With Its New Digital Unlocked Program "There are 51 million small and medium businesses in India, but only 32% have an online presence." The 'laddoo' strategy: how Manpasand won the distribution game Can Manpasand, maker of the fourth largest selling mango drink MangoSip, take on beverage giants like Coke, Pepsi and Parle Agro in their backyard? Fully neutral on Net neutrality? Tell Trai about it Trai has issued three papers on various aspects of net neutrality without taking a final view. Trai outlined two approaches to traffic management. iPhone Most Reputed Mobile Phone Brand in India, Followed by Samsung, Micromax: Survey Micromax and Intex are the only two Indian brands in the top 10 Nokia bags managed services deal worth Rs 1420 crore from Vodafone India Overall services, which comprise managed services, after sales maintenance, filed operations, which includes manual maintenance work, and system integ.. Taiwan objects after Vietnam deports telecom fraud suspects to China Taiwan objects after Vietnam deports telecom fraud suspects to China - Taiwan objects to Vietnam's move of deporting four Taiwanese nationals suspected of telecommunications fraud to China. Paytm Payments Bank, NPCI's BHIM app, sign of rising digital finance in India The internet has made financial services accessible to the poor— an opportunity for the new-age startups and a challenge for established banks IBM India names Karan Bajwa as MD He will also lead IBM's partnership with clients for cloud- and cognitive-led digital transformation of its businesses. How To Lead The Great Indian Telecom Revolution We may soon reach a time when the term “telecom” will have to be replaced by “datacom”. Vodafone plea against TRAI recommendation premature: Centre The Centre today termed as "premature" the plea by telecom major Vodafone challenging TRAI's recommendation to impose Rs 1,050 crore penalty on it for not providing inter-connectivity to Reliance Jio. New BlackBerry phone with physical QWERTY keyboard is launching at CES There couldn't be a better start to 2017 than a confirmed BlackBerry phone with physical QWERTY keyboard! Yes, it is not a rumour anymore. DNA Campaign: A few restaurants take the lead in waiving off service charge DNA Campaign: A few restaurants take the lead in waiving off service charge - Popular outlets like Junkyard Cafe, L'Ópera, and Garam Dharam have hailed their patrons as supreme by waiving off the 10 per cent service charge on food bills Consumer discretionary firms likely to see tepid earnings in Q3; stay cautious Experts said total revenues of such firms may decline marginally while operating profit and net profits are likely to decline 5-6 per cent on a YoY basis. Demonetisation impact on India's growth to be below 1%: Ficci The Reserve Bank of India had lowered the growth forecast for India during 2016-17 to 7.1 per cent, against 7.6 per cent earlier. FMCG firms to see 5-6% drop in bottomline in Q3 on note ban The third quarter can be a dismal period for FMCG companies as their aggregate revenue and net profits are likely to decline by 0.2 per cent and 5-6 per cent. Patanjali Ayurveda outpaces rivals in 'disrupted' Indian market A guru-steered food and FMCG company has been singled out as the most disruptive force in India’s fast moving consumer goods market as it steers a path towards revenues worth over US$1bn by 2020. Future Group partners with Cognizant for FMCG arm FCL The platform will enable FCL to optimise its supply chain and improve business throughput, it added. Rice basmati rises on pick up in demand Rice basmati prices firmed up by upto Rs 200 per quintal at the wholesale grains market today on emergence of stockists buying against tight supply. However, other grains held steady in thin trade. Traders said stockists buying against restricted Besides Lakme and Kiehl's, India's beauty bloggers are also testing out Patanjali's ayurvedic products Many have also taken to YouTube to rave about, or rage against, the company's beauty line. Designing an innovation process for organizations You need that space to come up with the right questions before you apply all of your energies to answering them. FMCG companies race after Patanjali's herbal products The battle for shelf space in the FMCG segment is expected to intensify this year as Patanjali’s rivals , led by Hindustan Unilever, are aggressively launching... 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