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Tuesday, February 14, 2017

Feb 14, 2017 - Muthoot Finance Ltd announces further investment in Muthoot Homefin (India) Limited

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Brexit, Trump, Global Economic Doom? Not so fast, says Jim O'Neill, economist and former Goldman Sachs exec. He tracks 6 indicators from around the world, which taken together act as a reliable indicator for the near-term future of the global economy. They are all trending upward at the moment. The first indicator is weekly unemployment claims in the US, from which one can gauge the overall strength of the US economy. Next, the Institute for Supply Management (ISM) manufacturing index provides a pretty good preview of the US economy for the next three-six months. A third indicator is a subcomponent of the same ISM survey: manufacturers' new orders and inventories. Looking beyond the US, a fourth indicator is the ratio of Chinese retail spending relative to industrial production (adjusted for inflation). These figures give us a glimpse of both cyclical trends and China's structural rebalancing away from exports and towards domestic consumption. A fifth indicator is South Korean trade data, which is consistently reported on the first day of each month after trades occur - faster than any other country. The last key indicator is the monthly Ifo Business Climate Index in Germany which contains useful cyclical data for Europe overall, owing to Germany's centrality in the continent's economy. More here

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Brightest minds of India Inc. to convene at Retail Leadership Summit 2017 to deliberate on the future course for retail in India
Come February 15, and Renaissance Hotel & Convention Centre, Mumbai will be abuzz with activity as the best and brightest minds of retail from across India will come together to chart the way forward for the industry at the Retail Leadership Summit (RLS). To be held on February 15 – 16, RLS is the biggest knowledge sharing platform for the industry organised by the industry, for the industry. Organised by Retailers Association of India (RAI), RLS 2017 will focus on the theme Collaborating to Win the Connected Consumer as Collaboration is the need of the hour, the way ahead for all. Speakers at the event include industry leaders such as BS Nagesh, Founder TRRAIN & Chairman RAI; Dr A Velumani, Creator & MD, Thyrocare; Govind Shrikhande, MD, Shoppers Stop, Hari Menon, Co-founder & CEO,; Vijay Shekhar Sharma, Founder & CEO, Paytm among others. To know more,click here


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There is massive invasion of ethics in India’s large corporate houses: Tarun Khanna

Tarun Khanna, Jorge Paulo Lemann professor at the Harvard Business School and director at Harvard University’s South Asia Institute, holds forth on failure of corporate governance in India’s top companies

Has demonetisation’s impact been more severe on India’s non-farm jobs?

Non-farm employment indicators have suffered in both rural and urban India after the demonetisation move

How employee-friendly are Indian companies?

India Responsible Business Index seeks to draw attention to the need for companies to extend employee policies to include all workers who are part of extended supply chains

Sumant Sinha in talks for $100 million funding to hike ReNew Power stake

Sumant Sinha, CEO of Goldman Sachs-backed ReNew Power wants to increase his stake in the company ahead of a proposed IPO

PTC India finance arm bets on infra annuity projects

PTC’s shift to infra annuity projects comes as rising bad loans, falling growth hits power sector lenders

Early-stage start-ups will look to raise $800 million in 2017: report

63% of the 175 respondents—founders of bootstrapped, angel-funded or series A and B start-ups—describe fund-raising experience last year as “unfavourable”

Fintech start-up MaxMyWealth in talks to raise $5 million

MaxMyWealth’s founders have invested around $1-1.5 million in the company so far

Nitin Gadkari wants India Inc's help to make roads safer

Mahindra & Mahindra (M&M) has started work with Maharashtra State Road Development Corporation (MSRDC) to make the Mumbai-Pune Expressway safer.

Demonetisation puts brakes on banks' loan recovery efforts

Top banks recovered just Rs 7,909 crore from such loans at the end of the December quarter against Rs 10,177 crore at the end of the September quarter.

Infosys board vs Narayana Murthy: Is the fight really over?

Key stakeholders, including Infosys founder Narayana Murthy, CEO Vishal Sikka and chairman R. Seshasayee claim a truce but analysts say the message is not clear

Government allocates Rs 500 crore to India Post Payments Bank for financial-year 2017-18

The IPPB will offer an interest rate of 4.5 per cent on deposits up to Rs 25,000; 5 per cent on deposits of Rs 25,000-50,000 and 5.5 per cent on Rs 50,000-1,00,000.

Blume Ventures enters into strategic alliance with Draper Venture

Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world. DVN was formed in 1990 by Tim Draper, a leading venture capi

India could be Donald Trump's next trade war target

Modi was the fifth world leader Trump called after his inauguration, and trade issues didnt come up, according to a readout of their conversation by the White House.

Woodland coming to China with Aokang

Woodland has tied up with Aokang International to sell footwear manufactured at its plants in Himachal Pradesh, U'khand and UP at the Chinese cos multi-brand outlets.

Post Budget 2017, e-commerce players shift focus to rural India

The GMV of online shopping is expected to grow at a CAGR of 50-60% to $80-100 bn by 2020

Cantabil Retail India ventures into a new line of business in Haryana

Cantabil Retail India on Monday announced that it has commenced a new line of business of export at the company’s manufacturing facility situated at Plot No. 359, 360, and 361 I.E., Phase-IV B, sector 17, HSIIDC, Bahadurgarh, Haryana.

Flipkart's Logistics Arm Ekart To Consolidate Operations; Shuts Down C2C, Hyperlocal Services

The company has suspended the customer-to-customer courier service within months of its launch. It has also pulled the plug on hyperlocal delivery services being piloted across Bengaluru since March last year.

Bengal Fashion Expo promotes cotton-wear as 'aam admi' fashion

Layers of cotton have more to do with a new way of fashion in a city like Kolkata with eight months of summer and only four months of winter, that too..

Internet of Things to grow rapidly in India by 2020: Report

Even with over 750 million cards in circulation and significant growth, mobile-based and digital payments will eclipse physical card payments.

How Idea plans to raise funds as Reliance Jio pushes India's telecom consolidation

In an obvious refrence to Reliance Jio, Idea Cellular on Monday said that with the arrival of the new entrant the telecom sector will consolidate.

Apple slashes 2017 India revenue target by $1B

Apple has said that it will begin assembly of iPhones in India by the end of April in order to focus on what has become the world's fastest-growing major smartphone market.

In a first, no Indian smartphone manufacturer in IDC's top five list for Q4

Xiaomi, Oppo, Lenovo, Vivo are in the top five in India's smartphone market, completely overshadowing the Indian players

Five Ideas That Should Guide a Net Neutrality Regime in India

A golden median between an ex-ante and ex-post approach is possible to achieve, if flexibility is at the core of TRAI's regulatory ethos.

Top Mergers and Acquisitions in Indian telecom sector

Idea reported its first quarterly loss after a new rival forced carriers to cut prices in the highly competitive market, sources said.

Liquid Tel buys Tata's Neotel, aims pan-African fibre access | The ...

"We believe that Liquid Telecom will deliver on the vision of a well-connected Africa, which will augur well for the South African telecom industry and Neotel's customers."

Liquid Tel buys Tata's Neotel, aims pan-African fibre access

Liquid Tel buys Tata's Neotel, aims pan-African fibre access - Liquid Telecom, a pan-African telecommunications operator, has announced plans to provide fibre network access across sub-Saharan Africa after acquiring Tata-led South African communications network operator Neotel.

Airtel Payments Bank connects 200 villages, aims 5000 villages across India

A majority of these villages are in Rajasthan, Karnataka, Andhra Pradesh and Telangana. These villages now have basic banking services and the option ..

Wipro plans a reboot to show it's much more than IT

Wipros consumer care and lighting business includes brands such as Santoor and Chandrika soap, Yardley fragrances, Safewash liquid detergent etc.

CavinKare to relaunch Nyle shampoo range

Chennai-based FMCG major CavinKare is to re-launch its premium shampoo Nyle Natura

After Trump sanctions, currency crisis in Iran hits India's basmati exports

Uncertainty over use of currency for bilateral trade has pushed India's basmati rice exports to Iran in doldrums following hesitation over use of the dollar after fresh sanctions levied by the United States on the Islamic country.US president Donald

Tata Tea outlines a social revolution with Jaago Re Version 2.0

Take pre-emptive action before any unfortunate incident occurs, by which time it’s often too late. Work on “preactivism” instead of “reactivism”.

Ruchi Soya ties-up with Patanjali for edible oil

Under the agreement, Ruchi Soya will process and pack the crude oil provided by Patanjali Ayurved as per their specifications, the company said in a release.

Time for tough calls: Snapdeal founders to staff

The communication comes at a time when Snapdeal is downsizing and shutting its non-core businesses, as reported earlier.

Capital Foods targets Rs 500 cr revenue this fiscal

Capital Foods sells Ching's Secret brand of instant noodles, masalas, sauces and Smith & Jones range of ketchup and ginger garlic paste.

The top line of Coca-Cola, GSK and Colgate-Palmolive blame demonetisation for sales dip

According to Nielsen, the Rs 2.5-lakh-crore market for fast-moving consumer goods could take a hit of about 1.5 per cent of net sales, which works out to Rs 3,840 crore.

Procter Gamble to increase supplier base, sourcing from women

Leading global consumer products company Procter & Gamble today said it will expand its supplier base and sourcing from women in its move to support gender equality globally. “P&G will expand its supplier development and sourcing from women-owned business in our supply chains across the world, including the Indian subcontinent, Middle East and Africa,” the

Flipkart shuts courier, hyperlocal services

The move was seen as a way to boost earnings from non-core businesses; focus on core business model

Punit Soni's success tip: Great product + supportive family + good health

The former Google and Flipkart top executive feels that India Inc must emphasise on personal development, along with professional achievement.

No job cuts being facilitated; aiming at efficiency, says Snapdeal

Over the past two days, the media reports have been filled with Snapdeal supposedly dismissing over hundreds of employees due to budget restrictions a..

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