Mar 2, 2017 - Investors in a fix over rupee's real value as RBI governor Urjit Patel joins debate

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Sree Vijaykumar From the Editor's Desk Kunal Bahl of Snapdeal now says GMV is a vanity metric. Ask any SME and they would tell you that in fact revenue is vanity. As a wise man once said - Top line is vanity, bottom line is sanity, and only cash flow is reality! 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). Investors in a fix over rupee’s real value as RBI governor Urjit Patel joins debate Governor Urjit Patel says the rupee is ‘broadly’ where it should be. Problem is, an RBI gauge of the currency’s trade-weighted performance shows it is overvalued 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. Global gold prices drop on firm dollar as March rate interest hike bets rise Spot gold fell 0.2% to $1,246.14 per ounce by 8.25am. On Monday, the metal rose to $1,263.80, its highest since 11 November Startup India: Decoding government's Fund-of-Funds for startups Investing in startups is a very high-risk activity best left to professionals rather than attempted by government officials. Is Indian GDP data turning a little too Chinese? India's GDP or gross domestic product growth fell to 7 per cent in the October-December quarter. Not so progressive income tax, regressive corporate tax regime in India: OECD OECD’s economic survey of India offers interesting insights into the country’s revenue mobilization policy ONGC-HPCL affair: The key takeaways ONGC’s acquisition of HPCL could help the government earn about $4-4.5 billion, which should assist it in meeting its divestment target India refuses to accede to European Union requests; post-March, investors to have no legal cover Fresh investments by European companies in India and vice versa after April 1 won’t enjoy legal protection under any bilateral arrangement, as India has decided not to accede to requests by the European Union. What analysts, economists think of India’s GDP growth rate at 7% Has the Indian economy really shrugged off the impact of demonetisation? Many banks and brokerages say the Q3 GDP growth number was unnaturally high and could be revised down RBI’s monetary policy committee must improve its communication The monetary policy committee should better appreciate the fallout from its inconsistent action-guidance mix across reviews Looking beyond the idea of a bad bank Given the political and economic complexity, getting out of the present situation will not be easy Can the government solve all our problems? When it comes to problems that are caused by individual action in a private space, the role of the government as a solution provider is very minimal Govt can do better with Sebi chairman’s appointment process Hopefully, new Sebi chairman Ajay Tyagi can make the most of the three-year term and go about his job without fear or favour Jio Payments Bank gets RBI nod to start operations Jio Payments Bank is set to be launched before the end of March JSW Steel offers to buy stake in Monnet Ispat JSW Steel has put in final bid for Monnet Ispat and the bankers are considering the offer submitted HP-Infy, Fidelity Information eye India Post Payment Bank project worth Rs 800 crore India Posts contract is the latest in a number of large technology contracts following the RBI's decision to give payment bank licenses to 11 firms. New funds ride fourth wave of venture capital Maiden funds, like Blume Ventures' $22 million fund, are invariably backed by local investors DLF promoters to sell 40% stake in rental arm to GIC The DLF Cyber City stake sale to Singapore sovereign fund GIC will raise Rs12-13,000 crore and help reduce DLF’s debt Post-amalgamation, 1500 branches of SBI, associates will be merged Will happen in the second half of next fiscal, says SBI MD PNB plans sale of Rs 1,800 crore bad loans to ARC this month The bank had made recovery of Rs 1,600 crore by selling bad debts to Asset Reconstruction Companies (ARCs) in the three quarters of 2016-17, she said. Banks need incentives to clean up bad loans: State Bank of India "The budget statement was clear that if required the government would not hesitate to support the banks. They will find the means and ways to fund banks." Reliance General signs bancassurance deal with Catholic Syrian Bank Bancassurance tie-up forms an important part of RGI's growth strategy and the company has been forging strong alliances with various banks to enhance its distribution. Bandhan Bank to hire 5000 in 2017, starts banking training module for graduates It has also developed a banking curriculum for graduates at its training facility with a promise to take them on board on successful completion. Credit growth shows dismal numbers for government banks, but still grabbing major share in total credit disbursed PSBs cornered a share of 70.6% of aggregate deposits and 66.2% of the aggregate credit disbursed by Indian banks. How India is trying to tackle its bad loans problem Reserve Bank of India Deputy Governor Viral Acharya has proposed setting up "bad bank"-type institutions to deal with the $133 billion in stressed assets accumulated by Indian banks after years of reckless lending. Godrej consolidating food retail chain Nature's Basket Deccan Chronicle Godrej consolidating food retail chain Nature's BasketDeccan ChronicleNew Delhi: Godrej group is reworking the business of its gourmet food retail chain Godrej Nature's Basket and is in the process of consolidating the chain. Godrej Nature's Basket, which is aiming for sustainable profitable growth through omnichannel ...sp; Starbucks drags bakery to Delhi HC over trademark violation The bakery owner, Ashish Agarwal, said he was not aware of the developments and refuted the charges, claiming he holds the trademark for the name The .. Russia's largest children's goods retailer eyes Indian market Detsky Mir sees potential in India’s growing middle class Amazon India's logistics arm reduces payouts to delivery partners The company started this as a pilot project in 2015 to increase its logistics reach, and now nearly 13,000 stores across 65 cities are a part of its network. FCC, Indian Telecom Regulator Sign Cooperation Agreement The Federal Communications Commission has formally pledged to cooperate with the Telecom Regulatory Authority of India, the U.S. agency announced on Tuesday, saying that the regulators have shared goals for “accelerating broadband deployment and aligning spectrum policy.” 5G has lot of promises for a country like India: RS Sharma  The government will hold fresh spectrum auctions between July and December and the exercise will be an annual affair, Telecom Secretary J.S. Deepak said on Tuesday. The Centre is also working to ensu Reliance Jio and Samsung join hands to upgrade LTE mobile communication services across India This joint project was established to upgrade current LTE mobile communication services across India by expanding both the current network capacity as well as network coverage. Idea-Vodafone merger yet to reach DoT's table Next auctions could be held by year-end D-Link soars over 14%; partners with Rel Jio Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited (RIL), has built a world-class all-IP data strong future proof network with latest 4G LTE technology. Reliance Jio partners TeamF1 Networks to launch fixed-line digital services The solution will help Jio in offering seamless "connected-home" experience for Media, Television (IPTV, STB), Telephone (VoIP), Gaming, and Internet. Telecom players will come up with more aggressive data plans, says Airtel chairman Alarmed by the disruptive data plans that Reliance Jio is offering, India's largest telecom service provider Bharti Airtel on Tuesday said the industry will soon come up with more aggressive data plans. PepsiCo chief Indra Nooyi pushes for digitisation PepsiCo, which along with other consumer goods makers was hit hard by the note ban in November, is in talks with a couple of leading FMCG firms to push digitisation at retail stores. Pepsi to lay off 80 to 100 workers, citing Philadelphia tax Philadelphia, Mar 1 (AP) Pepsi says slumping sales from Philadelphia's new sweetened-beverage tax are prompting layoffs of 80 to 100 workers at three distribution plants that serve the city. US consumer spending slows; inflation pressures firming USA-ECONOMY/ (WRAPUP 3):WRAPUP 3-U.S. consumer spending slows; inflation pressures firming Indra Nooyi meets Jaitley; pitches for lower GST rates PepsiCo Chairman and CEO Indra Nooyi is learnt to have pitched for a lower GST rate o Basmati exports to EU face fungicide blockade New Delhi fights proposed norms Tata Global Beverages, Keurig Green Mountain expand tie-up Mumbai, Mar 1 (PTI) Tata Global Beverages (TGB) and Keurig Green Mountain, Inc. (Keurig) today announced a multi-year expansion of their partnership for the manufacturing, sales, licensing and distribution of the Eight O Clock coffee and Tetley tea brands in K-Cup pods for use in Keurig brewers. Boycotting Coca Cola, Pepsi products anti-'Make in India', anti-competition: Indian Beverage Association Boycotting Coca Cola, Pepsi products anti-'Make in India', anti-competition: Indian Beverage Association - Tamil Nadu boycotted the sale of Coca-Cola and PepsiCo products to ensure promotion of locally-made drinks and juices. Ban of Pepsi, Coca-Cola in Tamil Nadu, and the rise of Indian nationalism The ban of cola drinks made by multi-national beverage companies such as Pepsi Co and Coca-Cola in Tamil Nadu, signals quicker rise of nationalism in India. D'Mart IPO to make MD Noronha richer than HUL's Sanjiv Mehta, ITC's YC Deveshwar In his late 20s, Noronha was handpicked by ace investor Radhakishan Damani to head his retail venture D'Mart. Damani spotted the young account manager with HUL. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India