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Friday, February 17, 2017

Feb 17, 2017 - Under enigmatic Urjit Patel, investors failing to decode RBI's policy

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
"India has successfully launched 104 satellites in a single mission, setting a world record of launching the most satellites at one go. For those wondering if a poor country like India can afford such missions, here's some more information. Of the 104, 101 are foreign satellites to serve international customers as India seeks a bigger share of the $300 billion global space industry. Modi is bullish on India's space programme and has repeatedly praised the efforts of scientists who three years ago pulled off a low-cost mission to send a probe to orbit Mars that succeeded at the first attempt. Out of 101 nano-satellites, 96 were from the United States and one each from Israel, Kazakhstan, the Netherlands, Switzerland and the United Arab Emirates." More on how international media reported India's big achievement here

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Under enigmatic Urjit Patel, investors failing to decode RBI’s policy

Under governor Urjit Patel, the RBI has significantly reduced communication with markets after he took over in September last year

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Attention! Cash hoarders on the loose at ATMs

Supply of currency has risen to about 80-85% of pre-demonetisation levels but the fear of not having enough hard cash in hand is driving people to stock up.

The road to GST: a thin margin of error

Not just a tax change, it is being looked at as a business transition—and that means CEOs must get it right

India may extend power projects’ emission deadline to December 2019

Experts say a lot of effort has gone into devising strict emission standards for thermal power plants and the focus should now be on their implementation

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The merged Idea-Vodafone entity will exceed the 50% subscriber, revenue share limit in at least six licence areas, and will have to cede share to rivals such as Airtel

Anand Rathi buys Religare’s wealth management arm

The sale of the wealth management unit to Anand Rathi is part of restructuring process initiated by Religare group founders Malvinder and Shivinder Mohan Singh

Paytm Payments Bank to go live on February 21

Plans to leverage wallet business that will soon get merged with the banking entity

Private orders trickle in for ABB India

ABB India's stock gained over five per cent on the back of a critical order win from Technopark to build a digital substation for an information technology park. The order win is important for ABB on two counts. Technopark's order is the first order

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Kotak said since the issue of PSLis no longer a burden to any one, as private sector lenders are only happy to buy such credit from the PSU banks, it is time to move on and merge them.

SBI merger: Bank unions question need for 'big bank'

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RBI to reimburse MDR to banks on government payments

The Reserve Bank of India said the reimbursement will be applicable from 1 January, 2017

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Bajaj Auto managing director Rajiv Bajaj said the idea of demonetisation was itself wrong and it is incorrect to blame only the execution side of it

Rs 10,000-crore recapitalisation for PSBs in FY'18 enough: Banks Board chief Vinod Rai

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Vedanta to invest $1 billion in Jharkhand, build steel plant: Anil Agarwal

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Fino Paytech to launch payment bank, targets high domestic remittance areas

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Reliance Industries arm Reliance Retail shuts 60 stores as losses mount

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Demonetisation had a significant impact on India business in Q4: Indra Nooyi, Global CEO, Pepsico

Nooyi said scrapping of high-denomination rupee notes in Nov was a massive change because 80% of the currency was taken out of circulation.

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Hidesign aims to triple revenues by 2021 by expanding outside India

It plans to open 6 new outlets at airports in the next two months. The first one will open at the T3 terminal of the Delhi airport next week.

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Indian fashion stores look for expansion, US counterparts shutting many

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Parag Milk forays into whey protein range; eyes 22 pc market share in 5 years

Dairy-based branded foods manufacturer and marketer Parag Milk Foods has forayed into whey protein range - Avvatar Absolute - and is eyeing 20-22 per cent market share in five years, a top official sa

'We will use railways more to bring down logistics cost'

The revival in aluminium and copper demand has come at the right time for Hindalco Industries which has just completed huge expansion. However, in the last nine months, the aluminium demand grew by just 1.6 per cent and

India's retail real estate market poised for growth

While 22 micro-markets witnessed stable rentals, 5 markets saw varying levels of rental increments and 3 markets saw a marginal dip in rentals.

Reliance Jio free services resulted in 20% revenue loss to telecom industry: Report

Ind-Ra said consolidation in the industry will help a quicker return of pricing power.

Telecom Sector Skill Council, Cybermedia Research collaborate to empower skill in Indian telecommunications

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Vodafone brings 4G to Chennai

Chennai:Telecom major Vodafone launched SuperNet 4G in Chennai on Monday.

Why India needs lighter internet

A lighter internet is essential to bring a billion Indians online

TRAI begins operator-assisted drive tests to check call drops

TRAI has begun operator-assisted drive test that captures real-time data to monitor the level of call drops and voice quality across multiple cities.

Aircel goes for big jobcut, 700 to get pinks slips now

Cellular services major Aircel is all set to give pink slips to 700 staff - around 10% of its pan-India staff strength

Before GST meeting, experts push for higher tax on bidis

Most importantly like earlier years, the budget also - failed to increase the excise taxes on tendu rolled hand-made bidis which almost 98 per cent of the bidis smokers consume instead increasing it on paper-rolled bidis which has a negligible market share - once again keeping bidis a very affordable and practically unregulated poison for its 67.5 million bidi users, according to health groups.

Milk output touches 105.42 mn tons so far in 2016-17

In case of eggs, the total output is estimated to be 55.11 billion so far this year, of which 29.09 billion eggs was from monsoon season. The year's target is 87.05 billion.

Climate change may hit milk products by 3 million tonnes per year by 2020

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Bombay HC dismisses Ruchi Soya winding up petition

IDFC Bank filed the petition in July last year after Ruchi Soya had failed to repay its short term credit.

Warehouse automation firm GreyOrange eyes new sectors

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India business grew despite disruptive impact of demonetisation: Nestle

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After yoga training, Baba Ramdev to supply BSF troops Patanjali products at discounted prices

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Why 'him' on juice pack: 9-year-old girl puts Dabur in spot over gender equality

After a 9-year-old girl refused to drink Dabur Real juice because the label on its pack said it was meant for "him", Union minister Maneka Gandhi has asked the manufacturer to look into the matter.

Mrida launches its FMCG brand 'Earthspired'

Mrida, a social business venture committed to upliftment of marginalized and underserved rural communities at the Base of the Pyramid, has formally launched its FMCG brand Earthspired.

Convenience overtaking discounts in online shopping: BCG report

According to a BCG report, 55% of consumers said in a survey that they shopped online because it was convenient, while 52% said it was because of high discounts

Advertisment spends may rise 13.5% in 2017 on digital push

The size of the market may swell to Rs 56,152 crore this year, led by a 25% increase in spending on advertising in the digital media, according to the report.

E-commerce expected to touch $50-55 billion by 2021: study

Maximum jump would be in consumer electronics, apparel, homeware and furniture, luxury, health, FMCG.

Early talks on merger of Paytm and Snapdeal, with Alibaba and SoftBank as key players

An important player will be Japanese major SoftBank, which is a major investor in Snapdeal, and also has a substantial stake in Alibaba.

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