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Wednesday, February 08, 2017

Feb 8, 2017 - Global gold prices near three-month highs on political, economic uncertainty

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Sree Vijaykumar
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From the Editor's Desk
Brian Little, one of the world's leading experts on personality psychology, is renowned as a public speaker. If you watch his recent TED talk on personality, as millions of others have, you will see an engaging and witty orator holding his audience's attention with aplomb. You'd probably conclude that Little is an extravert: he's not only good at what he's doing, but he seems to be revelling in the opportunity. In fact, Little is a self-proclaimed introvert. After his talk you would quite likely find him seeking a few minutes of quiet refuge behind the locked door of a toilet cubicle. This is one of the "restorative niches"... More here.

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Global gold prices near three-month highs on political, economic uncertainty

Spot gold prices had edged up 0.1% to $1,234.20 per ounce by 8.37am. On Tuesday, the metal touched its highest since 11 November at $1,235.78

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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Bank hikes transaction fees, draws flak

Decision of leading private bank, HDFC, to revise charges on cash transactions on savings and salary accounts from March 1 has been criticised by a cross section of society.People termed it "a loot".

Where are we, three months after Modi’s demonetisation move?

Windfall gains and remonetisation claims are still uncertain, but the Indian economy has suffered a short-term pain for sure

Apple’s iPhone trash can turn out to be India’s treasure trove

The govt is concerned that India will become a dumping ground for the world’s electronic junk while missing out on the prospect of becoming a manufacturing hub

Goldman Sachs forces RBI to choose its own spice

Goldman Sachs is forcing the RBI to decide whether to let the masala bond market die slowly or gain new life in a different form

Has PNB begun to justify Virat Kohli style run-up in its stock price?

PNB shares have galloped 31% so far in 2017, and the stock remains the biggest gainer among peers in sector indices

Will GST exacerbate India’s income divergence?

In another decade from now, it is likely that the per capita income of the richest state will be more than four times the per capita income of the poorest state

The budget sidesteps geostrategic risks

Arun Jaitley’s budget seems to contain very little—by way of either allocations or strategic intent—to mitigate risks that endanger the Indian economy

Finance Ministry to include PSU banks in future CPSE ETFs

An ETF is a security that tracks an index, a commodity or a basket of assets such as an index fund, but trades like a stock on an exchange.

India’s de facto carbon tax is excessive

It is not necessary for India, whose per capita consumption of electricity is barely half the world average, to embrace the highest rate of carbon taxes in the world

There may be more to Tata Steel’s bumper profit than meets the eye

Tata Steel shares have done well in the past year is because of prospects of cutting losses in Europe through M&A deals, such as the one with Thyssenkrupp

KKR hedge fund unit to merge with Pacific Alternative AMC

Private equity major Kohlberg Kravis Roberts & Co Ltd has agreed to merge hedge fund unit KKR Prisma with Pacific Alternative Asset Management Company (PAAMCO) to create a firm that will offer clients alternative investment strategies through liquid instruments such as mutual funds. KKR will hold a 39.9% stake in the new company, PAAMCO Prisma Holdings, while employees of PAAMCO and KKR Prisma will own 60.1%, the investment firms said in a statement.

Renuka Ramnath’s Multiples PE in talks for PeopleStrong acquisition

Multiples plans to buy about 80% in HR start-up PeopleStrong from various funds, including Lumis Partners, HDFC Holdings and The HR Fund, for Rs400 crore

Sebi to overhaul governance norms for stock exchanges

Sebi board to propose amendments to SECC regulations on appointment of public interest directors

Around 900 FPIs still face risk of up to 40% tax on global share deals

The leeway announced in the budget is available to only certain categories of investors, tax experts said.

RBI working on green finance framework

Even for domestic loans, rate of interest would be decided after taking into consideration ESG score

Meet Edelweiss' Anup Rau and read his journey from selling salt and soup to insurance

Rau as the country head of Edelweiss general insurance business will be rolling out 29th insurance company in the country, thanks to his journey through some of the best companies in the country.

From March 1, HDFC Bank to cap cash transactions, raise fee

Subsequent transactions above the prescribed limit of four would attract a fee of Rs 150 per transaction.

Axis Bank to sell stake in Experian India Credit Information Company

Besides Experian there are three other credit bureaus in India namely, Credit Information Bureau of India Ltd (CIBIL), Equifax India and High Mark Credit Information Services.

Demonetisation pain returns: One-fourth ATMs across India running dry again

Even after three months of demonetization, the cash crunch continues. Many ATMs across the country are once again running dry after the Reserve Bank of India (RBI) increased the...

Suuti said to sell Rs6,700 crore ITC stake to LIC

The Narendra Modi government sold about 2% of ITC through a block trade, confirmed a senior ministry official

Fitch says India oil companies merger to be beneficial but challenging; read why

The proposed merger to create an integrated oil giant is expected to benefit India’s oil companies with increased efficiencies, globally competitive scale and less vulnerability to crude oil prices, Fitch Ratings said. However, such a merger would be challenging to execute due to difficulties in integration of workforce, addressing overcapacity and shareholder approvals, the ratings agency added.

Will domestic investors make up for the foreign investors’ flight from equities?

FIIs pumped a net of mere $4.65 million YTD, while DIIs—mutual funds and insurance companies—bought a net of Rs5,771.82 crore of equity shares this year

Lingerie brand amante plans to open 20 more exclusive stores

Chandigarh, Feb 7 (PTI) Premium lingerie brand amante is planning to expand its footprint across the country by opening 20 more exclusive outlets this year as part of its efforts to clock a turnover of Rs 150 crore by 2018. -

Future Retail Q3 net profit at Rs 101 crore

Deccan Chronicle
Deccan ChronicleNew Delhi: Homegrown retail major Future Retail has posted standalone net profit of Rs 101.05 crore for the third quarter ended December 31. The company had posted a net profit of Rs 53.83 crore in the October-December period of the previous fiscal.articles 

Bullish brands drive up retail space demand in east

Retail space expansion in eastern India is no more restricted to Kolkata and brands have started expanding in regions like Bihar, Orissa, Assam, and J..

With 150 plus stores in India Major brands is fast moving

- Mastered with Majors in Finance & Marketing from Boston University, Mr. Ved is a veteran in the retail sector.

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

According to industry data, the consolidated market share of these regional brands is 15-17 per cent. That’s a sizable chunk of the organised soft d..

Four top-level exits at Shoppers Stop this fiscal

- With four top-level exits this fiscal, the retailing firm is seeing it's veterans breaking the time-tested ties

Alibaba Reportedly in Talks With Telecom Players to Provide Free Internet in India

As part of its India plans, the company is looking at offering internet connectivity to remote locations.

Telecom industry: Consolidation may lead to scale and synergy benefits, but pricing pressure unlikely to ease

In addition, the rising cost of spectrum and high capex requirements in meeting service levels and rolling out data services, have made it difficult for the relatively small to medium players to generate steady cash flows.

Lava launches India's first 4G VoLTE enabled feature phone

Indian phone manufacturer Lava has claimed that it will launch India's first 4G capable feature phone and it will be called Lava 4G Connect M1.

Supreme Court calls for verification of pre-paid mobile phone users

The Supreme Court asked the government on Monday to mandatorily verify all pre-paid mobile phone subscribers and scrutinise their identity to ensure that their SIM cards are not...

Vodafone India reshuffles management

Vodafone-Idea India Merger Seen Handing Rivals Cheap Spectrum

4G Feature Phone expected in India between April and June this year: Airtel

How will a 4G feature phone change things? The Economic Times reported last year that Reliance Jio is preparing to launch a 4G feature phone, priced at Rs 1000, and possibly being launched with unlimited voice and data. It had reported that Reliance Jio is working with Lava and Chinese OEMs to manuf

Samsung to launch mobile payment wallet Samsung Pay in India soon

South Korean tech giant Samsung is planning to launch its mobile payment wallet in India in the first half of 2017, media reports said

LIC picks up 2% in ITC for Rs 6.7k cr from govt arm

Mumbai: In a block deal on Tuesday, the government sold about 2% of the 11.

Munchies makeover: Desi snacks ready to conquer the world

Dosa masala burgers, jaljeera and aam panna drinks, masala oats — these are just a few products in portfolios of snack-makers, even the multinational ones.

Bharti Realty to set up food court at Delhi Aerocity soon

The new destination will be part of Bhartis Worldmark, a 1.5 million sq. ft. mixed-use project in the Aerocity hospitality district near Terminal 3 of Delhi International Airport.

Snapdeal, Flipkart on list of e-firms with most complaints

India's two of the largest ecommerce players, Snapdeal and Flipkart have made it to the list of top five companies against whom there are maximum complaints registered in the last three years.According to data from National Consumer Helpline, around

P&G Hygiene and Health Care Q2 PAT rises 3% to Rs 151cr, while sales decline 1%

Procter & Gamble Hygiene and Health Care (P&G) has reported a 3% rise in profit after tax at Rs 151 crore for the second quarter ended December 31, 2016, while sales were down 1% to Rs 666 crore.

Procter Gamble Q2 net up 2.8 pc to Rs 150.62 cr

New Delhi, Feb 7 (PTI) FMCG firm Procter & Gamble Hygiene and Health Care today reported a 2.80 per cent rise in net profit to Rs 150.62 crore for the December quarter.

Packaging firms investing in new products to meet dairy sector demand

Proliferation of ecommerce, coupled with revolution in retail industry in India, is also “pushing the growth of the packaging sector.

Oral-B beefs up its electric toothbrush portfolio in India

According to industry estimates, the powered toothbrush market in India is at a nascent stage pegged at about USD 1 million, while the manual toothbru..

Lead, heavy metals found in samples of five soft drinks

According to Kulasate's reply in the Rajya Sabha, separate data about samples of soft drinks having been tested/found not conforming to specified standards.

Fortune Oil campaign rides on election fever to promote purity of its mustard oil

The Fortune Oil commercial draws parallel between adulteration in mustard oil products and the rampant corruption in election funding

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