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Thursday, March 02, 2017

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
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!

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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

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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.

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