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

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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. 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). 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, Bigbasket.com; Vijay Shekhar Sharma, Founder & CEO, Paytm among others. To know more,click here   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. 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 pins hopes on disruptive tech for revival 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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