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Tuesday, March 07, 2017

Mar 7, 2017 - Uber should worry about the distressed debt behind Indian expansion

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
People seem to be clubbing together with people they agree with and are all making one another angrier," says Will Moy, director of FullFact, a fighter of fake news. "The debate becomes more partisan, more angry and people are quicker to assume they are being lied to but less quick to assume people they agree with are lying. That is a dangerous tendency." The challenge here is how to burst these bubbles. One approach that has been tried is to challenge facts and claims when they appear on social media. Organisations like Full Fact, for example, look at persistent claims made by politicians or in the media, and try to correct them. More possible solutions here

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Uber should worry about the distressed debt behind Indian expansion

Ride-hailing apps like Uber must realize that to conquer India, their drivers must retain access to bank funding

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'India favours integrated companies but against monopoly'

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Start-ups dominate private equity/venture capital deals space in 2016

But investment value in start-ups dropped by over 50%, signifying rationalization of investments and start-up valuations, says the Grant Thornton report

Visen Industries in talks with Edelweiss to raise Rs200 crore

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Does the market exuberance make sense?

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The incentive is also aimed at encouraging banks to onboard merchants for the new payments ecosystem and build the requisite infrastructure.

Reliance Jio's push for a 50% revenue market share may hurt Idea, Vodafone

HSBC feels much hinges on “on how Idea and Vodafone execute pre-merger, as the overall approvals for the merger may take at least 12-15 months”.

Bombay Burmah to increase stake in Bombay Dyeing

Shares of Bombay Burmah gained 13% to Rs 806.80 on Monday while that of Bombay Dyeing gained 2% to Rs 59.30.

Punjab National Bank puts up for sale bad loans worth Rs 295 crore

The reserve price has been fixed at Rs 194.79 crore on cash basis while on security receipt (SR) basis, it is Rs 216.43 crore.

Tech Mahindra to buy CJS Solutions Group for $110 million

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Doing business gets easier, but India still among worst performers

The one area where India has made considerable improvement is provision of electricity to new businesses. It has overtaken three major economies.

ESAF Microfinance to raise Rs 650 crore before small finance bank launch

ESAF will officially launch small finance bank operation on March 17 after a weeks of trail run starting from March 10.

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The disruptive force of technology has proved to be a double-edged sword, with the quantum of cyber-attacks intensifying with time in the banking sector

Tata Steel says still in European merger talks with Thyssenkrupp

The statement comes after news reports said the Tata Steel - Thyssenkrupp merger deal could be called off due to German pension liabilities

IDFC buys Natixis’ stake in mutual fund unit for Rs244 crore

IDFC will acquire a 25% stake held by Natixis Global Asset Management in IDFC Mutual Fund for Rs244.24 crore

Standard Life agrees to buy Aberdeen in $4.7 billion stock deal

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Tata Group companies to restructure supply chains ahead of GST rollout

“All Tata brands are going to benefit and gain market share in the post GST environment,” said Harish Bhat, brand custodian at Tata Sons, the holding company of the group.

Multi-brand retail: Minister hopeful of early decision on FDI in non-food items

Draft model food processing policy unveiled; to make India a ‘global food factory’

Airtel Payments Bank partners Spencer's Retail

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Trent opens new Westside store in Hyderabad

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GST: Ecommerce firms push for change in TCS clause

Online marketplace Amazon India recently reached out to sellers on its marketplace with a survey intended to map the perceived impact of TCS on their businesses.

Why major telecom companies need to answer to Indian consumers

I remember the days when landline telephones were difficult to get and how even when you got them, they seldom worked. But today, even after a boom in mobile connections, we are back to square...

Is it Jio effect? China's telcos to end domestic roaming charge

Sunil Mittal, the founder of Indian telecom major Bhart Airtel, has called for lowering or putting an end to roaming charges to prevent customers from bill shocks.

Mittal's call to end roaming charges finds support in China

New Delhi, Mar 6 (PTI) GSM Association Chairman Sunil Bharti Mittal's call to end roaming charges has found support from Chinese telecom operators who reportedly plan to eliminate domestic roaming fees.

Telecom Commission Worried About Sector's Health, Cautions on Loan Defaults

NEW DELHI: Senior Indian Services officer J.S Deepak, who is to take charge as the next Indian ambassador to the World Trade Organisation in June this year, has been removed from his post of telecom secretary in the Department of Telecommunications. He has been temporarily moved to the Department of Commerce as Officer on Special Duty (OSD).

Reliance Jio 4G Data Download Speed Fastest in India in February, TRAI Data Says

The speed testing service rates Jio ahead of Vodafone and Idea in download speeds, and ranks it third in download speeds. Airtel remains constant at fourth.

Netflix plays big on India, offers OTT via top d2h, mobile platforms

Bharti Airtel will integrate the Netflix app into its d2h service throughout the country, allowing viewers to access Netflix shows on their Airtel set-top box. Netflix has also joined hands with Vodafone India, offering pre-paid programs on mobile.

Jio Is the Fastest Mobile Data Network in India Averaging 16.3 Mbps as per TRAI MySpeed, But Ookla Results Differ!

According to the latest data from TRAI’s MySpeed portal, Reliance Jio is the fastest 4G telecom operator in India offering an average download speed of 16.3 Mbps. In terms of 4G speed trend, Jio retained its top position while Idea and Airtel were at #2 and #3 respectively.

India to gets its own mobile congress in September

MWC is organised every year by GSMA and it has agreed for a three-day event in the country, to be held at Pragati Maidan, New Delhi. The first ever Indian MWC would kick off on September 27, 2017 in the capital city.

Milk co-operatives urged to go cashless, will stand to win 3 quarterly awards

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Adverse consumer feedback dents Patanjali's hope of doubling revenue

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Flipkart to add 30% workforce in 2017

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McDonald's is reinventing itself so that India can start lovin' it as much as before

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On the Back of GST, Global Consulting Firm Crimson Co

MUMBAI, March 6, 2017/PRNewswire/ --The Progress Group (TPG) India is excited to announce that as of 06 March, 2017 the company has changed their name to Crimson & Co India Through this change, the global management consulting firm Crimson & Co will also be officially entering India This is happening at the most opportune time for the India market since the combined expertise of TPG and Crimson & Co will help the India office create greater value to clients on the back of GST With GST (Goods and Services Tax), soon to be rolled out in India, the team is already engaging with clients to re- engineer and re-design their supply chain networks

Whirlpool introduces new logo, undertakes major brand expansion

Leading manufacturer and marketer of major home appliances Whirlpool Corporation has introduced an all new logo which indicates the company's growth and expansion across categories.

India's gold jewellery demand to rise 17% in calendar 2017

Demand bounces back but uncertainty over GST rate for jewellery casts a shadow for future

Paytm introduces zero cancellation charge for bus ticket-booking

Paytm has announced a 'zero cancellation charge' for bus ticket-booking, a move that will allow users to claim 100% refund on their tickets after canc..

While Snapdeal is firing, Flipkart is hiring

Amid massive job cuts in India’s fast-growing e-commerce industry, home-grown online marketplace Flipkart is planning to ramp up its hiring efforts, a media report said. The Times of India reported, citing unnamed sources, that the company will hire 20-30% additional workforce in 2017.

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