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Friday, March 31, 2017

Mar 31, 2017 - Rising third-party insurance premiums

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
For those of you who haven't read Clayton Christensen's book, The Innovator's Dilemma, here's a quick summary. "If you look across history, many companies that are seen as unassailable are at the bottom or the middle of the pack after a few years. It turns out good management causes companies to fail. Here's why. Begin by thinking about three concentric circles, representing your potential market. At the center of the inner circle are the customers with the greatest interest in your product and the most money. Almost always, companies begin there because customers with money are the only ones who can afford your new innovation. You introduce your product, your customers love it and they're happy to pay for it even at a high price. To keep these key customers happy, you begin making improvements to your product as soon as you can. At first, those improvements really help customers, as when personal computers gained faster processing speeds and you no longer had to wait 30 seconds to open a file. But technological progress almost always outstrips customers' ability to use it. For instance, today most of us only use a small percentage of the processing power in our desktop PCs. Still, in an effort to better serve that core of high-paying customers, innovative companies keep adding improvements to their products. We call this sustaining innovation. Incumbents dominate sustaining battles, but by definition, sustaining innovations do not drive growth. For instance, Toyota's innovation may lead you to buy a Prius, but then you won't also buy a Camry. What creates growth is disruptive innovation. What we find is that entrant companies, rather than make good products better, make a more affordable product and open it to a whole new customer base. A great example is By making cloud-based CRM available for as little as $25 a month, it badly disrupted Oracle's more expensive offering. More here

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Rising third-party insurance premiums

Insurance for third-party liability is mandatory and the premium would be revised again, up to 50% in a few cases

Advt: Lending solutions for all your long-term business needs

No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More)
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New technology for faster and cheaper remittance

Cross-border remittances currently take too long and are expensive. However, fintech could make such transactions more efficient in terms of time and money

Per capita debt of a country and why it should concern you

The per capita total debt increased by an amount of Rs4,525, and reached Rs53,796 on 31 March 2016

5 homegrown venture capital firms that are making a mark

Not since 2006-07, when venture capital asset class returned to India, has the market here experienced such an influx of new firms, especially homegrown firms

India well placed to weather some risks to export outlook: Economist Shilan Shah

Shilan Shah, the Singapore-based economist at Capital Economics, says Indian stock valuations looks relatively stretched in comparison to most Asian peers

Equanimity: Backed by experience and a string of successful exits

Equanimity founder Rajesh Sehgal has racked up eight exits out of which only one has been a write-off—the remaining seven have multiplied his initial corpus four times

SBI merger: Signs of change at State Bank of India, associate banks

SBI is undergoing a rebranding exercise, under which its getting a redesigned logo, and launching an ad campaign from 1 April ahead of its merger with associate banks

BigBasket raises Rs45 crore from Trifecta Capital

BigBasket will use the venture debt raised from Trifecta Capital to expand warehousing and strengthen cold chain infrastructure

Idea, Vodafone competitors till the merger is completed

The government has set guidelines on revenue cap, subscriber cap and spectrum cap to ensure a healthy competition in the sector.

Zensar Technologies acquires retail tech firm Keystone Solutions

Zensar will retain Keystone’s brand and team of around 220 people

Ostro Energy plans $250 million bond issue

Actis-backed Ostro Energy plans to build a 1,000MW portfolio of renewable energy projects by 2019

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Slowing real estate sales compelled domestic PE firms to moderate investment momentum, but NBFCs haven’t slowed down and continue to lend aggressively

Bank of India to raise Rs 204 crore by issuing shares to LIC

The shareholders at the extra ordinary general meeting held today approved to allotment of 1.75 crore shares on preference basis to LIC at Rs 116.81 per share.

Union Bank of India raises Rs 750 crore via bonds

Banks have to strengthen capital base, as per Basel-III Capital Regulations, so as to mitigate concerns emanating from potential stresses on asset quality.

PTC India Financial Services sells IEX stake for Rs133 crore

PTC India Financial Services, a non-banking infrastructure finance company promoted by

Strengthening Rupee negative for energy companies: Kotak

Upstream companies like Cairn India, Oil India and ONGC will be impacted from due to lower realizations on crude oil and natural gas and aRs2/US$ appreciation will result in around 6% negative impact on FY2018-19E EPS of Oil India and ONGC, it said

Bug in UPI app costs Bank of Maharashtra Rs 25 cr in one of India's biggest financial frauds

About 50-60 people in Aurangabad discovered this loophole and have collected a good deal of money, according to NPCI

SBI raises $500 million in 3-year dollar debt

With this, the SBI has raised $4 billion out of its $10 billion medium term notes plan, including $400 million in perpetual bonds last year

India tweaks rules to ease M As, lure more FDI

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Our saving deposits have grown by up to 40% in last 4-5 years: Jaimin Bhatt, Kotak Bank

If you look at it the total capital, which we are talking about even the full number it is a dilution of 3.3% so it is not a large number.

Lesser impact of cash ban helped FIIs regain confidence in Indian equities: Himanshu Srivastava

ETF money coming is largely considered to be a short-term money given that ETF offer are easy exit route as well as they are lower expenses.

Even as Pune remains graveyard of Indian retail, average vacancy across malls up 20%

Pune city remains the graveyard of Indian retail with about one-third of its malls vacant. Unable to pull in the crowds, 15 malls have closed down in past one year.

Amazon trying to push past Wal-Mart, Target in pitch to major food brands

Amazon's appetite for upending the grocery market appears to be getting larger.

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Reliance Retail in partnership with National Payments Corporation of India (NPCI) on Thursday launched mobile-based in-store UPI Payments facility app over 200 stores in Mumbai.

Niren Chaudhary quits Yum Brands to join Krispy Kreme

Chaudhary, who was the India head of Yum Brands until 2015 and then promoted as president of KFC's global operations, is now president and chief opera..

India's first listed ecommerce entity, Infibeam, to venture into edu-tech

The company plans to provide a wide range of services, including customized facilities, to educational institutions under this venture.

Let telecom firms use spectrum as collateral, Trai tells govt

In February, the commission, under the then telecom secretary JS Deepak, had pulled up the regulator over the deteriorating health of the sector, citing a Rs 800-crore dip in the revenue.

Indian telcos tower sales are credit positive, Fitch says

Bharti Airtel’s (India & South Asia) chief executive Gopal Vittal recently said that the financial health of the sector was at its weakest ever with..

How India telecom tower sales to assist Capex plans?

Debt-ridden Indian telecoms – Bharti Airtel, Reliance Communications, Vodafone and Idea Cellular – are in the process of selling telecom tower business and Fitch Ratings says that the development will be good for their Capex (capital expenditure) plans. The entry of Reliance Jio Infocomm is forcing rival telecom operators to enhance network coverage and quality …

Data is a gold mine that operators are sitting on: Jay Chen, CEO, Huawei India

At the India Mobile Congress event held by ET Telecom, Huawei India CEO Jay Chen talked about growth opportunities in India market, adoption of 4G and..

Oppo flag row: Noida unit still shut, mobile firm confirms it sacked employee

Although Oppo India has sacked an employee for disrespecting the Indian tricolour, Noida Police says it is yet to complete its investigations in the matter. The company has shut...

Internet use in India proves desktops are only for Westerners

The country holds the title among the G20 for mobile internet usage.

Reliance Jio converts 50 million subscribers to Prime members, claims the company

In an analyst presentation made early March, Reliance Jio said it expects to gain over 50 per cent of revenue market share based on huge expected data..

4G technology triggers India's data traffic growth: Nokia

According to a report by Nokia, India’s 4G drove the data traffic in 2016 with high-speed mobile broadband technology. 4G contributed nearly 60% of the incremental data volume.

P G's Vicks Tells the Story of a Transgender Indian Mother and her Adopted Daughter

Procter & Gamble brand Vicks centers an emotive new Asian campaign around a "mother" and her adoptive daughter -

FMCG, automobile firms await clarity on GST

Setting up of joint working groups is a welcome initiative by the government.

US economic growth revised higher, boosted by consumer spending

USA-ECONOMY:U.S. economic growth revised higher, boosted by consumer spending

India's consumer confidence highest among emerging markets: Credit Suisse

However, only 57 per cent of respondents thought it was a good time to make a major purchase, a sharp drop compared to 80 per cent last year.

Tata Chemicals to exit fertiliser business in India; may enter consumer segment

CNBC-TV18 learns from sources privy to the matter that the company will now completely shift its focus on chemicals and consumer products business.

Bezos rises to become world's second richest with Amazon surge

Amazon's founder has added $10.2 billion this year to his wealth and $7 billion since the global equities rally began following the election of Donald..

Campus compensation: Companies prefer to link pay to performance

The objective is twofold: to foster a performance-oriented environment by linking pay with performance, and to reduce the year-on-year burden of pay increases linked to the fixed pay component.

TataCliQ to quadruple brand portfolio, taps sellers on rival platforms

TataCLiQ, which currently sells more than 800 brands mainly in fashion and electronics segment, plans to scale up to 3,000 brands by adding newer segments.

Instant refunds on Flipkart for Visa debit card users

E-commerce major Flipkart on Thursday announced instant refunds on returns of purchases made by using Visa debit card.

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