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Friday, March 24, 2017

Mar 24, 2017 - SpiceJet pips Jet Airways to become India's second-most valued aviation firm

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Grocery is the most alluring and treacherous retail category. It lures retailers with shopping volume and frequency, and then sinks them with low margin. Amazon Fresh has lost money from spoilage at more than double the rate of a typical supermarket. Amazon's goal is to become a Top 5 grocery retailer by 2025, according to a person familiar with the matter. That would require more than $30 billion in annual food and beverage spending through its sites, up from $8.7 billion - including Amazon Fresh and all other food and drink sales - in 2016, according to Cowen & Co. Reaching that milestone would require a new wave of store and warehouse investments around the country, costing billions of dollars. That's an existential change for Amazon, which initially stayed away from perishable goods and has mostly avoided the overhead of physical stores since it started in 1994. More here

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Kotak Mahindra Bank surges ahead of ICICI Bank in terms of market-cap

Billionaire Uday Kotak-promoted Kotak Bank's m-cap rose to Rs 1,60,152 crore based on Thursday's closing stock price on the Bombay Stock Exchange.

Insurance companies must play active role in investee firms' meetings: Irda

The regulator said the state of governance at the companies where insurance companies have invested is important.

Nobody trusts world's best currency

The little confidence people had left in the Caspian Sea nation's currency after it lost more than half its value in 2015 has been worn away by bouts of panic.

Stressed assets resolution mechanisms need more teeth, says RBI Deputy Governor

“I think we need to provide more strength to the processes and that is where there are discussions going on," SS Mundra said.

Nilekani teams up with Helion's Sanjeev Aggarwal to set up VC firm to fund mid-stage startups

The fund, with a corpus of at least $100 million, will consist mostly of personal capital pooled in by the technology titans. The rest will come from “friends and family”, the sources said.

Cement: After demonetisation, rising costs, unfavourable volume base to hurt

Cement prices have begun to rise; but if this improvement doesn’t sustain, realizations would decline sequentially in the March quarter

Merger terms favour Idea in big way: Advisory firm

The string of mergers in the Indian telecom sector may lead to over 10,000 job losses

Coal India to consider second interim dividend

Coal India Ltd board to meet on Sunday to consider a second interim dividend

NSEL scam: Jignesh Shah accused of cheating, criminal conspiracy

CBI has charged 20 entities, including Jignesh Shah’s FTIL, for cheating state-owned firms PEC and MMTC in connection with the NSEL payments scam

Cairn India Vedanta merger gets NCLT nod

Cairn India hit 52-week high of Rs 306, up 5%, while Vedanta gain 3.4% to Rs 270 on BSE in intra-day

IDFC Bank to set up 30,000 micro ATMs and 75,000 Aadhaar Pay merchant points in two years

While the micro ATMs function as a bank-in-a-box, most of the Aadhaar Pay merchants will be converted into business correspondents and will deliver basic financial services.

Pristine Logistics in talks to raise Rs400 crore from PE investors

Pristine Logistics to use funds to upgrade infrastructure at its freight terminals

Resolution of NPAs set for radical overhaul: FM Arun Jaitley

Finance minister Arun Jaitley says the government is working with RBI on a radical proposal to resolve the issue of bad loans in the Indian banking system

Templeton said to purchase about $1.2 billion of Indian sovereign bonds

Franklin Templeton bought about Rs8,000 crore of Indian sovereign bonds on Tuesday, Wednesday of this week, the purchases were largely for tenors maturing in 2021-2023

Hidesign to invest Rs 20 cr in new stores, technology and R&D this year

Hidesign currently has around 8 outlets at the airport and will be looking to double that number in the next four months.

RP-Sanjiv Goenka Group's Guiltfree Industries to sell Indian and western packaged snacks

It plans to scale up the consumer goods business with a new brand launch every qu arter, bringing personal care and other segments into the scope of offerings later.

Nestle launches milk beverage for children

The drink will be available in major urban centres, as well as select e-commerce platforms.

4G expansion in rural areas to drive broadband growth: Nokia

According to Nokias Mobile Broadband Index study, the significance and usage of regional/vernacular content is expected to increase as 4G and 3G networks expand.

Cisco unveils first 'Made in India' router

Unveiled in the presence of IT and Electronics Minister Ravi Shankar Prasad, the router, which will cost less than $1,500, is one of the most popular ..

Google Believes India Has Potential To Become A Leader In Mobile App Technology

A new initiative aims to make e-payments more secure and impart more skills to students as well as developers , , google, digital india

India 4G subscriber base to reach 225 mn by year-end

India will have nearly 225 million 4G subscribers towards the end of 2017 – thanks to the launch of 4G feature phones, according to CMR. 40-45 percent of the existing Jio subscribers will continue to use their services after the Happy New Year offer that will expire on March 31, 2017. Jio has received 100 million subscribers during the free …

In Telecom War Between Reliance Jio And Others, Tariffs Not Seen Coming Down Further

BofA Merrill Lynch Global Research has revealed estimates for Reliance Jio Infocomm’s 4G subscriber base, revenue, profit, etc. in the next 8 years. The estimates indicate that Reliance Jio will not be overtaking established telecom operators such as Bharti Airtel and Vodafone-Idea Cellular combine in the next 8 years in terms of telecom revenue, mobile …

Unlike the West, India is going to come online using feature phones ...

In a statement published Tuesday, Counterpoint forecast that more than half a billion 4G capable feature phones will be shipped globally over the course of the next five years, and that demand for such models will grow more than 5,300 percent this year. Counterpoint describes the trend as a

Japan govt upgrades outlook for consumer spending

JAPAN-ECONOMY/REPORT (URGENT):Japan govt upgrades outlook for consumer spending

Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow?

Damani built his brand with a canny understanding of retail. The USP of D-Mart is discounts, and Damani has managed to sell cheap with his business acumen.

Non-basmati rice edges up on increased demand

Non-basmati rice prices firmed up by upto Rs 50 per quintal at the wholesale grains market today due to increased demand from retailers. However, other grains remained steady in thin trade. Traders said increased demand from retailers against

FMCG, healthcare sectors beat market return over 10yr period: Ambit Capital

One year horizon has 7.4 times the risk involved in a 10-year investment horizon

Expect non-technical talent to move from telecom to pharma FMCG: ManpowerGroup

Rao said hiring in the telecom sector is currently muted due the consolidation that is taking place in the industry, resulting in a reduction in the number of players.

Amazon, Big Basket, Grofers seek to invest $695 m in food e-tailing

Three companies — Amazon Corporate Holdings Pvt Ltd, Supermarket Groceries Supplies Pv

eBay to invest and merge its India ops with Flipkart: Report

According to a report, the deal is structured as part of a USD 2 billion capital raising effort.

CCI approves sale of Reliance Infratel's towers to Brookfield

"A company which is a part of the Brookfield Infrastructure Group, will acquire 100% of Towercom Infrastructure Private Ltd.,” the company said.

4G expansion in rural areas to drive broadband growth, says Nokia

According to Nokias Mobile Broadband Index study, the significance and usage of regional/vernacular content is expected to increase as 4G and 3G networks expand.

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