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Tuesday, February 07, 2017

Feb 7, 2017 - Indorama founder Aloke Lohia senses US bonanza from Trump's tax agenda

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Uber is making moves to expand the scope of its flying car experiment - the company just hired NASA engineer Mark Moore. Uber has articulated its vision for "on-demand aviation" as networks of small vehicles that can take off and land vertically, are powered by electric sources, and have ranges of between 50 and 100 miles on a single charge. The ultimate goal is to have these operate autonomously, summoned via an app on a passenger's phone, but in the near-term Moore tells Bloomberg that we'll probably see a bunch of competing designs hit the field that operate well but with human pilots for now. VTOL are a pursuit of other companies, too, including two startup funded by Google's Larry Page, and commercial aviation giant Airbus, which is exploring similar territory to Uber with its own Vahana project. More here.

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Indorama founder Aloke Lohia senses US bonanza from Trump’s tax agenda

Donald Trump’s push to cut corporate taxes and curb imports could be a boon for petrochemical company Indorama ’s US earnings, says Aloke Lohia

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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Can Pakistan's economy pull even with India once again?

Pakistan’s GDP growth has hovered in the range of 4% and now may be reaching 5%

Strangled wholesale business clouds recovery of Arvind, Aditya Birla Fashion, Raymond

Low volumes pulled Raymond into losses, Aditya Birla Fashion also reported a loss due to ongoing investments, while Arvind’s profits dropped 15%

Why RBI may go against the consensus

With deposits ballooning after demonetisation, there has already been a fall in market interest rates, in effect leading to the transmission of rate cuts that have already happened

Grofers sets up seller structure similar to Flipkart’s to comply with FDI norms

Grofers has set up a wholesale entity called Hands On Trades to procure products from brands and manufacturers

Why India doesn't trust its private sector

Excessive government intervention and uncertain regulatory environment have affected outcomes in the market

Banks worry govt may not compensate them for waiving digitaltransaction fees

State-run banks remain sceptical about receiving any compensation from the government because they are yet to receive payments under the DBT programme

Demonetisation: 208 bank employees under scrutiny

In a statement tabled in the Lok Sabha on Friday, the finance minister stated: “Certain bank officials have been found involved in irregularities related to demonetisation.

IDFC Alternatives looks to exit Mytrah Energy

Mytrah Energy in preparation for its IPO is looking at various options to restructure its balance sheet

ESOPs exempt from budget proposals on long-term capital gains tax

Budget 2017 proposed to deny LTCG tax exemption on sale of listed securities, if securities transaction tax was not paid at the time of acquiring them

TravelTriangle raises $10 million in Series B round

TravelTriangle will invest the funds in technology and product development, as it aims to turn a profit in the next 18 months

Sebi asks top 500 listed firms to voluntarily adopt ‘integrated reporting’

Integrated report aims to provide a concise communication about how organisation’s strategy, governance, performance and prospects create value over time, says Sebi

Hedge funds are ditching the dollar as the Trump trade capsizes

Hedge funds cut net bullish bets on the US dollar to the lowest since November, unwinding the Trump Trade that had lifted the greenback since the presidential election

Snapdeal will make profits in 2 years: Kunal Bahl

Snapdeal reported a loss of Rs2,960 crore ($441 million) in the financial year to 31 March 2016, according to regulatory filings, but Bahl said they were steadily improving

Sebi seeks clarification on Rs10,000 crore NSE IPO

Sebi says it might issue observations on the NSE IPO within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers

Banks can’t escape responsibility of NPAs, says former RBI governor C. Rangarajan

C. Rangarajan says some effects of demonetisation will not go away even as sectors like real estate will have to rethink their business models

Genesis Colors gets Sebi nod for Rs650 crore IPO

Founded n 1998, Genesis Colors is the holding company of fashion brands Satya Paul and Bwitch

10 NBFCs surrender registration certificate

RBI said it has also cancelled the registration of The Instalment Supply, Sunshine Finlink, Link Benefit Fund, Mani and Money.

Baring PE Asia raising India-dedicated credit fund

The first close of the new Rs500 crore fund is expected in the March quarter, following which it will start investing money from the new fund

Promoters may not give up control of Essar Steel in debt revamp deal

Ruia family has tells Essar Steel’s bankers that while they are open to restructuring debt and bringing in equity from external investors, they aren’t going to give up control

Venture capital funding of logistics start-ups dips 68%

Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better.

Mall operators, shop owners fight over maintenance charge

Retailers Association of India, a nationwide industry body of retailers, has stepped in to initiate a process to help make a standard for determining common area maintenance charges.

Fast food chain agrees to carry caffeine warning on cups

Hindustan Times
Beverage containers at sold at outlets of McDonald's, a fast food chain, in western and southern India will carry the 'contains caffeine' warning. The company agreed to ... FDA officials argued that they haven't found violations at any other outlet ...

Emami Ltd looks to hasten new phase of growth to cope with demonetisation

Winter products like Boroplus antiseptic cream grew by 13%, Petroleum Jelly grew by 21% and Boroplus lotion grew by 10% during the quarter.

Dabur brings Sri Lankan brand Spice Island to India

The renowned Sri Lankan brand will help people re-connect with Ayurvedic means of skin care and healing.

E-wallets: The future of transactions for the Indian consumer

India has essentially been a cash-based economy, amassing a value of physical currency estimated to be over 11 per cent of GDP, topping the graph among emerging economies. However, there is still a p

How lifestyle start-ups are now going the omni-channel way

- Expanding footprint, online-only lifestyle start-ups are now setting up physical presence

Telecom panel seeks clarity from regulator on penalty norms

The matter relates to the sectoral regulator recommending Rs 50 crore per circle penalty on Bharti Airtel, Vodafone India and Idea Cellular in October last year.

Verify identity of all mobile users in a year: Supreme Court to Centre

During the hearing, the bench suggested that existing pre-paid mobile users, who are 90 per cent of the total mobile users, may be asked to give identity details at the time of re-charge as done while giving fresh SIM cards to users

Telecom Commision asks DoT to probe TRAI over penalty against telecos, Airtel takes Reliance Jio to CCI

The Telecom Commission panel on Monday has asked the Department of Telecom (DoT) to seek explanations from TRAI about the penalty it slapped on three telcom opperators for allegedly failing to provide PoI's to Reliance Jio

EXCLUSIVE: Alibaba in talks with Telecom operators to provide free Internet in India

Alibaba’s UCWeb, the internet software and services provider has big plans for India, the company is currently negotiating with telecom operators

BlackBerry Announces its Next Major Mobile Software Licensing Agreement with Optiemus in India

Optiemus Infracom Ltd has informed BSE that Blackberry has announced its next major exc

Vodafone-Idea India merger seen handing rivals cheap spectrum

Talks of Tata-Vodafone merger have resulted in synergy gains of Rs 10,000 crore for both players

Consumer court rejects Khambatta's complaint

Ahmedabad: Two consumer courts have successively rejected entrepreneur Ruzan Khambatta's demand for compensation of Rs 1 lakh from the cosmetics company L'Oreal and a local beauty-products store.

Y.C. Deveshwar's management style, in the words of his colleague

As Y.C. Deveshwar moves on to a non-executive role at ITC Ltd, his colleagues, including new CEO Sanjiv Puri, reminisce about his management style

Coca-Cola and PepsiCo set up teams to track smaller regional brands that are stealing market share

For the first time, the cola multinationals are setting up specialised groups to track these B-brands, which are stealing market share from them.

Higher prices may lift basmati exports to last year's levels

The recent uptrend in basmati prices on expectations that Iran would resume rice impor

Dev Bajpai appointed director on HUL's board

Hindustan Unilever Ltd (HUL) has appointed Dev Bajpai as director on the board of the

Khanna mandi struggles to pick up after demonetisation slump

Basmati price, which slumped to ₹2,400 a quintal after note ban, seen rebounding

Indian online food delivery industry grew 150% in 2016: Report

Despite this, the industry grew at 150 per cent year-on-year last year with an estimated GMV of USD 300 million in 2016.

Dabur brings Sri Lankan brand Spice Island to India

New Delhi, Feb 6 (PTI) NewU, a beauty retail venture by homegrown FMCG major Dabur, is bringing Sri Lankan ayurvedic beauty brand Spice Island to India to strengthen its portfolio.

FMCG players expect growth to return in FY18: GCPL

GCPL had reported 4.34 per cent fall in third quarter consolidated profit to Rs 351.78 crore.

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