Mar 21, 2017 - Does good economics make for good politics in India?

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Sree Vijaykumar From the Editor's Desk Many of the most successful tech founders have relied on coaches. A small handful of them have risen to celebrity status for coaching some of the valley's more iconic figures. The most famous was former Intuit CEO Bill Campbell, who passed away last year. Campbell worked with Steve Jobs, Larry Page, and Marc Andreessen, among many others. More than one person has compared Jerry Colonna (accidental CEO coach) to Campbell. "Campbell had a testosterone-infused Silicon Valley kind of model," says investor Fred Wilson. "Jerry's model though is more Buddhism and less football." He makes founders cry. More here Advertisers of the day DLF - Crest: Embrace a life made to order a rare opportunity to own your dream home Gartner: New Webinar: Infrastructure and Operations Leadership Vision for 2017   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). Does good economics make for good politics in India? There is some evidence to suggest that voters may reward governments that deliver on economic growth Advt: Employee Banking privileges tailored just for you. Zero Balance Savings Account. Free unlimited transactions* at all Bank ATMs (Know More)   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) India hunts for solution to bad-debt crisis as measures fail The central government is working hard to find the solution for the bad-debt crisis since India’s stressed loans are rising to the record highs. SBI in a better position to serve women customers at lower cost: Dinesh Kumar Khara SBI has lent Rs 46000 cr to women customers against the Bharatiya Mahila Banks exposure of about Rs 2000 crore, says Khara Revision of BSE transaction fee to hit small traders The move will help the stock exchange attract volumes and lure large-volume players. Paytm launches e-wallet insurance Paytm will refund money the user claims to be unlawfully debited from the wallet due to theft or unauthorized access Debt financing keeps the party going for startups NCDs are typically defined as unsecured bonds that cannot be converted to company equity or stock, and usually have higher interest rates than convertible debentures, which can be converted into stock. There is huge potential in retail banking in India: Joris Dierckx, BNP Paribas It is very difficult to compete with domestic players, so we have to offer a complementary service to what they can do. India requires long-term commitment, says Dierckx Vodafone's partial exit from India, lower synergy should worry investors Vodafone and Idea—No. 2 and No. 3, respectively— will become the No. 1 player in the Indian telecom market, pushing the present No. 1 Bharti Airtel to No. 2. Fundraising via qualified institutional placement at lowest in four years Though the Indian stock market is currently rallying, valuations appear rich given that corporate earnings haven’t been impressive 18 foreign lenders of Jindal Steel and Power agree to $550 million debt restructuring The 18 foreign banks agreed to a moratorium of between three and five years on debt repayments after meeting JSPL chairperson Naveen Jindal earlier in March Growing competition, sluggish growth driving consolidation across sectors The Idea-Vodafone merger is the latest in a series of high-profile and high-value M&A deals, cutting across sectors such as energy, insurance and telecom NBFCs step up hunt for top-level executives With business models of NBFCs changing, the demands on top hires are also changing Banks will take Rs27,400 crore hit if BJP sticks to UP farm loan waiver promise: SBI If the BJP govt in Uttar Pradesh reimburses banks, the state’s fiscal arithmetic will get stressed as these loans account for about 8% of its revenues, says SBI report Bharatiya Mahila Bank to be merged with State Bank of India The government on Monday gave its nod to the merger of Bharatiya Mahila Bank (BMB) with the country's largest lender State Bank of India (SBI). CEOs of IDBI Bank and Indian Bank to swap banks from next fiscal year Government has directed MK Jain, chief of Indian Bank to take charge at IDBI Bank while Kishor Kharat, CEO of IDBI Bank is directed to join Indian Bank. Modi hunts for solution to bad-debt crisis as India's stressed loans rise to the highest among major economies If at first you don’t succeed, try, try, try and try again. Indian policy makers appear to have adopted the mantra as they mull setting up a state-run fund manager to resolve stressed assets in the banking system after numerous efforts to fix the problem failed. India needs private equity to create corporate losers KKR’s India chief has given the government a plan: Move all soured debt above a limit to a government-mandated agency, and use private capital to revive the assets How UrbanClap grew one on-demand service at a time UrbanClap dominates the on-demand services ecosystem in India, but maintaining the lead will be a task amid competition from LocalOye and Amazon-backed Housejoy In a first, supply for retail space falls in the country While 13 malls got completed last year, 15 were withdrawn from the operational stock, resulting in a net 0.3 million sq ft negative impact on the supply side. Local logistics start-up Blowhorn raises 25 cr Intra-city logistics start-up Blowhorn has raised about ₹25 crore ($3.65 million) in a Flipkart's $1 billion boost will come handy in war against against Amazon, Snapdeal Flipkart has raised $1 billion at a valuation of $10 billion and plans fundraising for a similar amount in the coming months, Bloomberg reported quoting sources privy to the developments. Xiaomi sets up 2nd manufacturing unit in India Reaffirming its commitment to 'Make in India' after logging $1 billion in revenue in the country last year, Chinese smartphone-maker Xiaomi on Monday announced its second manufacturing unit in partner D-Mart IPO: Parent Avenue Supermarts to list on bourses today Business Today D-Mart IPO: Parent Avenue Supermarts to list on bourses tomorrowAvenue Supermarts, which recently concluded its Rs 1,870-crore initial public offering, will list its shares on bourses on Tuesday. It has Reliance Retail, Future Retail, Trent Hypermarkets and Avenue Supermarts as its major competitors in the market.sp; Vodafone, Idea in $23 bln deal to create new Indian telecom leader Britain's Vodafone Group (VOD.L) and Idea Cellular (IDEA.NS) agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war. India's Big Club helms telecom story According to the telecom sector pundits in the market, the consolidation in the sector will shed 1/3rd of jobs. The consolidation will result in a minimum number of telecom operators in the country and therefore adversely impact the job creation. Pak spy racket caused loss of Rs 3000 crore to telecom sector: MP government The racket allegedly operated parallel telephone exchanges to help Pakistan’s ISI to spy on India’s military operations. Idea and Vodafone India merger announced, telecom sector slips, Idea cellular dips 10 percent In one of the biggest mergers in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular announced the much-awaited amalgamation, following which Vodafone will hold 45.1 per cent in the combined company. Role reversal: In telecom's new order, No. 1 wants to catch up with No.3 No wonder Thomas Mathew, director general of industry lobby group Cellular Operators Association of India, feels the tariff war in data services is far from over. India first to get weather alert technology sans internet The technology links other nearby phones to extend the signal to help keep citizens connected and informed, and in the most severe conditions, might e.. Prefer non-India stories; cautious on telecom, upbeat on IT: Neelkant Mishra What matters is how we position within the market and in that our call though it has not worked in the first 3-months this year is to prefer the non-India stories and be underweight on the India stories, says Neelkanth Mishra, MD & India Equity Strategist, Credit Suisse. India's DoT to propose BSNL-MTNL merger by June Telecom ministry feels a govt operator important to keep a check on cartelisation Horlicks plays on price points as Nestle, Danone and Abbot bring fight to its door While India is the second largest country after the US in terms of topline for GSK Consumer, the Gurgaon-based firm continues to depend heavily on Horlicks, with the brand and its variants contributing 75% to its total sales. High paper pricing rips AP, T corrugated box industry to shreds Hyderabad: The corrugated box manufacturing industry in the two Telugu speaking states is literally in tatters due to paper mills hiking the prices of kraft paper, which is the primary raw material used by the industry. Varun Beverages plans to raise Rs 1000 cr via NCDs New Delhi, Mar 20 (PTI) Varun Beverages today said it has sought shareholders' nod to raise Rs 1,000 crore by issuing non-convertible debentures (NCDs). Exclusive: RIP MRP? Products may not have to bear price stamp soon Global retailers find the practice restrictive and the government is looking at aligning itself with international practices to attract investment. Ayurveda for 21st century: How Arjun Vaidya is repackaging it to win over new-age customers Dr Vaidya’s is repackaging Ayurveda in a way that makes it appealing to modern consumers, who ordinarily wouldn’t use a lep or a dant manjan. iD Fresh Foods to expand product portfolio Helion Venture Partners-backed iD Fresh Foods looks to launch two new types of ready-to-cook batter even as the firm aims at Rs1,000 crore in revenue by 2020 Bullish on four FMCG stocks at present prices: Sanjiv Bhasin, IIFL For us it is a buy on Grasim, Bharti and Bharti Infratel. Idea would be a sell because most of the news is priced in, says Bhasin. Karvy to help vendors get online with just a few clicks Karvy has rolled out Karvyclick.com, a website where small vendors can avail of services such as registering on ecommerce platforms, creation of product catalogues and content and launching of products. Flipkart Logs Record Sales Of Moto G5 Plus On First Day Of Launch According to Flipkart, it sold Moto G5 Plus at a rate of over 50 units per minute. Capital Float partners with Amazon India to disburse loans to e-sellers With a loan size of Rs 2 lakh and above, the initiative is helping finance e-sellers who are part of the electronics, consumer durables and fashion ve.. Snapdeal names Jason Kothari as new FreeCharge CEO Apart from his new role as CEO of FreeCharge, Kothari will continue his position at Snapdeal as chief strategy and investment officer. Snapdeal said, .. Vodafone India ties up with Amazon Prime Video "At Amazon Prime Video, our focus is on offering latest and exclusive movies and TV shows to customers on a reliable service, with great playback qual.. 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