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Thursday, February 09, 2017

Feb 9, 2017 - RBI policy U-turn risks growth blowback for cash-poor economy

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
I was having the 'product vs service startup' discussion with a colleague yesterday and how entrepreneurs should adapt their thinking based on life-stage and risk appetite. The holy grail of a product startup is the elusive 'product-market fit' after which revenues can grow exponentially like Uber or Facebook. However, the probability of achieving this fit is really really low, even in niche B2B areas (think of all the expense solutions and marketing automation products out there). Some of us entrepreneurs in our late thirties may not be able to afford jumping from one failed product to another. We need to grow revenues with predictability, which is what a service business allows you to do (relatively speaking). However, productizing portions of your business internally is a great way to achieve some non-linearity in growth. It can help cut costs, while still keeping customers happy.

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RBI policy U-turn risks growth blowback for cash-poor economy

RBI is withholding monetary support at a time when India’s economy is vulnerable to paucity of cash that has dented consumption

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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Cipla’s future growth hinges on the wait for approvals

Cipla’s management, in a conference call, said approvals for limited competition products may take a quarter or two more than what it expected

Did Cognizant just say goodbye to a ‘growth-at-all-costs’ mindset?

Cognizant will start paying dividends as well as increase the quantum of buy-backs substantially

Kotak Bank, Axis deny merger rumours

Mumbai: Kotak Mahindra and Axis Bank have strongly denied rumours that the biggest consolidation in banking space is in the works.

No Sebi regulations in place yet to repay PACL investors

Sebi has managed to recover only Rs230 crore out of the total Rs49,100 crore PACL owes

Voonik raises funds from Sequoia, RB Investments

Voonik has raised $6 million; funds will be utilized to scale up its men’s and premium segments, which were launched last year

Adani gets CCI nod to buy Reliance Infra’s power transmission projects in Gujarat, Maharashtra

Adani Transmission will acquire Reliance Infrastructure’s power transmission assets of about 3,100 circuit km at an enterprise value of Rs1,000 crore

RBI says open to bad bank option for NPAs

RBI deputy governor Viral Acharya says the central bank will look at all options, including a bad bank, to resolve the banking industry’s bad loans

Punjab National Bank plans to sell non-core assets to shore up capital

The bank may not sell stake in its life insurance arm PNB MetLife at this point. Last October, the bank had listed PNB Housing Finance.

Venture capital firms back record number of cybersecurity start-ups in 2016

Venture capital firms invested $3.1 billion in a record 279 cybersecurity start-ups in 2016, according to research firm CB Insights

Indian households less confident about economic situation: RBI survey

[MUMBAI] Limits on cash withdrawals will be removed entirely from March 13, India's central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes. Read more at The Business Times.

MobiKwik in talks to raise fresh funds, eyes unicorn status

CEO Bipin Preet Singh says MobiKwik will likely see a new cash infusion in the next the couple of months, which would give the start-up a $1-billion valuation

NPA norms to keep exerting pressure on banks' profit: RBI Deputy Governor S S Mundra

"Overall, the (banking) system has shown an improvement in operating profit. But on the back of our provisioning, I think some of the pressure on net profit would continue," Mundra said.

Bonds face worst loss in three years after RBI signals end to easing

The yield closed at a three-month high of 6.739%, up 31 basis points from its previous close of 6.431%

Govt mulls merger of six consultancy firms into Engineers India

There are close to a dozen PSUs that provide range of consultancy services - from education to EPC -- and there is a scope of merging some of them to create a company of global standards, a senior government official said.

Indian mobile handset market in 2017: Low-cost 4G featurephones may keep lead over smartphones

“Feature phones dominated total handset shipments in India in 2016 and we expect this trend to continue in 2017,” JP Morgan said in a note to clients.

Smartphones in India to grow 2.2-fold from 2016 to 2021: Cisco

The study highlighted that 5G will account for 1.5% of total mobile data traffic by 2021, and will generate 4.7 times more traffic than the average 4G..

Tesla to Become the Latest American Company to Target India's Monstrous Growth

The Indian consumer market has been growing phenomenally.

Airtel CTO Shyam Mardikar on 5G mobile in India

Shyam Mardikar, chief technology officer (CTO) – mobile networks at Bharti Airtel, said Indian telecom operators will have some 5G mobile presence by 2020. Speaking on the sidelines of Convergence India 2017 expo, Shyam Mardikar told “Indian operators will have some presence in 5G mobile.” The Airtel CTO did not elaborate on the nature …

Alibaba in talks with telecom honchos to bring free internet to India

Alibaba is in talks with telecom operators and Wi-Fi providers to supply free internet in India and particularly to states that are suffering more from connectivity issues

Phones in India more dear than significant other: Survey

About 75 per cent of the adults reported getting into an argument with a significant other over being on a device while together.

BlackBerry inks licensing deal with Indian telecom Optiemus

BlackBerry has forged another relationship with an Indian company, Optiemus. A Delhi-based telecommunications based company, Optiemus Infracom Limited will help the Canadian company build handsets, market and distribute them in India, Nepal, Sri Lanka and Bangladesh.

Bad news for India's basmati rice exports as Iran imposes caps on imports, prices

India’s basmati rice exports to Iran, a major destination for the long-grained aromatic rice from the country, is expected to take a big hit after Tehran put upper limits for import and consumer prices of the cereal.

Pesticides, heavy metals found in 'organic' rice

AHMEDABAD: Recent comparative product testing by city-based Consumer Education and Research Centre (CERC), found traces of pesticides and heavy metals in six supposedly-organic brands of rice.

Global authentication conference opens in Delhi

The Authentication Solutions Providers Association (ASPA) on Wednesday announced opening of India's first international conference here on authentication solutions taking place over February 8-9.

Fabindia plans to launch indian herbal tea in China

Fabindia, the countrys largest private retailers of ethnic wear and other traditional products, acquired a 40% stake in Organic India in 2013, and later increased it to 50%.

Nissin Foods to serve up Future Group's tasty treats at kiranas

The arrangement is a novelty in India, where about two decades of organised retailing have failed to erode the dominance of neighbourhood grocers in the $600-billion-a-year market.

Havells India enters personal grooming segment

Havells India Limited, a fast moving electrical goods (FMEG) company on Wednesday announced its entry into personal grooming segment. The company has launched an array of high quality personal care product like Electric Shavers, Beard Trimmers, a Grooming Kit including Precision Nose & Ear Hair Trimmer, Hair Straighteners, Dryers and Bikini Trimmers. It aims to capture 25 per

180 Kerala Beverages Corporation Outlets Homeless Post SC Order- News18

Kerala Beverages Corporation has been facing problems as at least 180 outlets have been rendered homeless after the Supreme Court's order prohibiting the selling of liquor within 500 m of the National and state highways after March 31st.

Havells India enters into personal grooming space; aims to capture 25% market share

Havells personal grooming products include electric shavers, beard trimmers, grooming kit, hair straighteners and dryers, and bikini trimmer.

Rice basmati edges up on scattered buying

New Delhi, Feb 8 (PTI) In restricted activity, rice basmati traded higher by Rs 100 per quintal at the wholesale grains market today on scattered buying by stockists following uptick in demand.

Hapur plant stopped discharging waste in pond: Coca Cola

The bench was hearing a plea by one Sanjay Kumar seeking restraint on the alleged illegal discharge of untreated waste water into the pond.

India may lose top slot to Pakistan in Basmati export race

Pakistan's proximity to Iran could make it a stronger contender to export its rice.

Grievances galore! Snapdeal, Flipkart on list of 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

Flipkart and Snapdeal among top five companies with maximum consumer complaints

Flipkart and Snapdeal, the flag-bearers of the Indian e-commerce industry have been news lately for all the wrong reasons. What's ailing them?

Flipkart to work with sellers to absorb GST price hikes

Will automate processes to make it easier for sellers to navigate through new tax regime

SoftBank's books recorded $350-m loss on investments in Snapdeal, Ola

SoftBank did not state that it had marked down the value if its shareholding in both companies, which are currently on the road to raise fresh rounds ..

Low-cost 4G feature phones may keep lead over smartphones in 2017

“Feature phones dominated total handset shipments in India in 2016 and we expect this trend to continue in 2017,” JP Morgan said in a note to clients.

Google bags first city Wi-Fi deal for Pune under Smart City Project

The latest contract is valued at Rs 150 crore, and includes capital expenditure, operating expenditure and revenue sharing elements.

Cognizant finds 'improper payments' of $6 million made in India

In September last year, Cognizant had said it was conducting an internal investigation into possible violations of the US Foreign Corrupt Practices Act.

Cognizant plans to multiply the US workforce

Cognizant plans significant increase in US workforce

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