Feb 27, 2017 - RIL shares cross Rs4 trillion in market cap

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Sree Vijaykumar From the Editor's Desk As smartphones have proliferated, so have the kinds of people obsessed with them, from car-makers to media chieftains. Every year, they gather at Mobile World Congress, an annual extravaganza that brings together telecom companies, internet giants, handset makers and everyone in between to talk mobile computing for four days in Barcelona. The 2016 edition attracted over 100,000 visitors, the most in its 30-year history. This year in Barcelona, the theme is "The Next Element." With 5G still years away, MWC's participants are trying to come up with something-anything--that could be the next element in the smartphone's evolution. That includes trying to turn cars into smartphones (connected cars), packing home appliances with sensors and radios (the Internet of Things), and strapping phones onto various limbs (wearables). Here are some of the themes and products that will likely emerge from this year's gathering, which runs from Feb 27 to Mar 2. 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). RIL shares cross Rs4 trillion in market cap RIL is the second company after TCS to cross Rs4 trillion in market cap. The RIL stock hit a high of Rs1,256.50 a share 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. Housing subsidies will kickstart Indian economy: Keki Mistry The country needs to see higher consumption and creation of new capacities, Keki Mistry, HDFC’s Vice-chairman and Chief Executive Officer said, adding that subsidies in housing sector will likely kickstart economy... China will allow more IPOs to lure capital “The entry of new companies can increase market liquidity and can attract additional capital," China Securities Regulatory Commission Chair man Liu Shiyu said. Telenor’s painful exit and the writing on the wall If Telenor’s exit from the Indian markets is any indication, the remaining small and mid-sized telecom companies would do well to take what they get and exit while they can Tata Sons has the power to force Mistry family to sell stake According to articles of association, Tata Sons shareholders can be asked to exit by passing a special resolution IDFC to turn ration shops into outlets for banking Mumbai: IDFC Bank is converting ration shops into banking outlets by recruiting Public Distribution System (PDS) agents as business correspondents. Blockchain revolution: How India, others can change the world The country started off with something called Unified Payments Interface, based on a long existing technology of immediate payment service (IMPS), ultimately graduating to BHIM app. Govt in fresh push for power from clean coal technologies As India aims to increase its power capacity in the next 15 years, a significant portion of the capacity is expected to come from coal itself Coal India may use cash from units to pay dividend to shareholders CIL is eyeing at least Rs3,000 crore in cash from its profitable subsidiaries to make further payments to shareholders Foreign regulators check on health of Indian banks Meeting senior officials of local banks and the RBI, officials of these fin market authorities emphasised the need to spot early signals of stress in loans books. Private equity firm True North looks to buy major stake in Home First Finance Company for Rs 600 crore HFFC, promoted by former Mphasis chairman Jaithirth (Jerry) Rao and PS Jayakumar, former Citibank Consumer banking head, is primarily en-gaged in funding affordable housing. IL FS, Lone Star to invest in stressed infrastructure assets in India Lone Star Funds and IL&FS have collaborated to jointly invest $550 million, which could result in asset purchases of up to $2.5 billion Oyo Rooms in talks to raise funds from Softbank, may enter unicorn club The deal will also give SoftBank — founded by Masayoshi Son — a larger role in the Indian travel market, where online penetration is much higher as compared to retail. Can sense a fantastic business momentum at the moment in India, says Rothschild Alexandre de Rothschild, deputy head of Rothschild Merchant Banking, on working in India, dealing with the uncertainties here and tapping the true opportunities Blackbuck raises $30 million from new, existing investors Blackbuck said to be also in talks with new investors to raise at least $30 million more after rival Rivigo raised $75 million from Warburg Pincus in November last year IIFCL, LIC to launch credit enhancement guarantee fund Credit enhancement guarantee fund  with seed capital of Rs1,500 crore likely to be announced in April The $40 billion question Much like the e-commerce market places and the cab aggregators, Reliance Jio’s early success can be attributed to pricing—or the lack of it, since the company currently charges nothing The public pension system is under stress, thanks to global ageing For India, trying to determine ways to encourage a voluntary pension systems is important HSBC's India headcount rises by 4000 despite drop in global workforce UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,0 Alibaba takes first step into India's marketplace, launches Paytm Mall The Paytm Mall is an Android app for smartphones is modelled on TMall Supermarket chain DMart pilots delivery, pick-up centres to reach online buyers faster Mumbai-based company is planning a ₹1,800-crore IPO next month Higher charges on cards may deter kirana shops With the pre-demonetisation cap on charges imposed by the RBI coming to an end on March 31, the central bank has proposed a new structure with effect from April 1. Ahead of GST, Spear Logistics to Invest Rs 30 crore While an outlay of 30 crore is planned for the short term, the company's long term plan is to invest 30-40 million over the next three years Samsung launches new tablets in flagship phone hiatus The image hints at the design of the Galaxy S8 smartphone, which is expected to come with dual curved display. 5 major telcos optimum for Indian market, says telecom secretary The consolidation in the otherwise crowded Indian telecom industry has been hastened by Jio's free voice call and data plans, forcing incumbents to sl.. Five major telcos optimum for Indian market: Telecom Secretary The consolidation in the otherwise crowded Indian telecom industry has been hastened by Jio's free voice call and data plans, forcing incumbents to slash tariff at the cost of profits. Will the new accounting standards come to haunt Indian telecom companies? Unlike the new accounting standards, Ind-AS also takes a note of market dynamics. And current investment in a project is measured based on its future viability. China third-party mobile payments climbs to USD 5.5 trillion Beijing, Feb 25 (PTI) Driven by the explosive growth of Internet finance, China is now witnessing a boom on mobile payment market which touched a whopping USD 5.5 trillion last year. What went wrong for Norway's Telenor in India?- Business News Shiv Sena, BJP neck and neck in civic polls; TCS announces Rs16,000 crore buyback; Airtel to buy Telenor’s India unit Britannia, Amul, Dabur to raise prices or cut quantities in packaged products The price hikes come as the consumer goods industry still nurses the wounds of demonetisation, and has endured at least four quarters of subdued growth. 'Maharashtra largest consumer of low price biscuits' Jaipur, Feb 26 (PTI) Maharashtra, Tamil Nadu, Uttar Pradesh, Uttarakhand and West Bengal consume most of the low price high nutrition (LPHN) biscuits in the country each year, an industry body has said. Coca-Cola targets Maaza to become $ 1 bn brand by 2020 At present, Coca-Cola company and its bottlers in India annually procure 70,000 metric tonnes of mango pulp worth Rs 500 crore.   GST tax structure ready; how will it impact economy and various sectors Removal of tax barriers with seamless credit will make India a common market leading to economies of scale in production and efficiency in supply chain. After demonetisation, cosmetics worst affected commodity in the FMCG sector Considering the slump in collection of commercial taxes post demonetisation, which surely is improving with subsequent improvement in cash flow since January this year, the worst affected commodities appear to be cosmetics. Bottled water: Clamp down on 'dual' MRP firms More than six states have cracked down on water bottling companies that charge a higher MRP for their products in certain spaces like malls, airports and hotels. Consumer affairs ministry sources said states like Maharashtra, Karnataka, Andhra, UP and MP have issued challans against erring companies. IFC to lend to Indian agri-processing arm of StanChart PE-backed firm International Finance Corporation is planning to make a debt investment of $30 million (nearly Rs 200 crore) in ETC Agro Processing (India) Pvt Ltd. ETC Agro, the Indian subsidiary of Mauritius-based ETC Group, will use the capital to set up a new pulses processing facility, the World Bank’s private-sector arm said in a disclosure. The company processes and trades pulses, and also makes wheat flour and biscuits. Goodricke plans to acquire tea gardens in Assam Good quality Assam tea is being sold at Rs 145 per kg, down from Rs 175 a year ago. With pastures for cattle shrinking, India may have to import milk by 2021 India may have to import milk in four years, if it cannot increase fodder supply for its 299 million cattle, as rising pressure on land reduces pastures nationwide. Mobile app to help cottage entrepreneurs sell online Bengaluru might be India's startup capital. But the city's cottage entrepreneurs, yearning to start small businesses with their handmade products, often find it tough to get noticed. Silvan home automation products now online Home automation company Silvan Innovation Labs has tied up with Capricoast, an ecommerce website for home interior solutions, to offer its products to customers online. Customers have begun to show faith in digital payments: S Jagannathan, Amazon Sriraman Jagannathan, vice president, payments, Amazon, says, "Thanks to demonetisation, we also saw a tremendous customer response in adopting electronic payment methods at the doorstep." Billion-dollar ride-hailing Careem comes to Bengaluru to hire 100 engineers This comes when Indian consumer internet companies are laying off employees, reports Tech in Asia Demonetisation impact: Amazon India cuts down on mobile phone Premium Sellers The online shopping giant, had trimmed down the discounts it offered on its mobile phones by 6-10 percent after the cash ban, as mobile phone sales slipped by 60 percent. India's MobiKwik to invest $45 million to expand user base Indian digital payments firm MobiKwik will invest 3 billion rupees ($44.89 million) this year to expand its user base and rack up $10 billion worth of.. Samsung Pay app tutorial hints at imminent launch in India Samsung Pay is expected to be officially rolled out in India in the first half of 2017. - How Flipkart got back in the game Sceptics had not long ago written off Flipkart but under Kalyan Krishnamurthy, it has clawed its way back and is now looking at a $1.5 billion fundraising Nadella lays out vision to democratise tech in India Mumbai: Microsoft CEO Satya Nadella on Wednesday laid out a vision of democratising access to advanced technology and said the emerging digital technologies had the power to significantly empower ordinary Indians, and small and medium businesses in the country. 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