Apr 20, 2017 - Indian masala bonds back in fashion after PM Modi's renewed mandate

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Sree Vijaykumar From the Editor's Desk Japan is a hard working nation. The famed Japanese work ethic used to involve working all day, drinking with your boss till late into the night and showing up at work at 8am again the following day, every day of the week. This has evolved a bit, but the pressure to work long hours remains and takes a toll - so much so that it can lead to 'Karoshi', or 'Death by Overwork' (a concept alien to us in India, we don't really even have a term for such a thing!) A panel headed by Prime Minister Shinzo Abe has called for a maximum of 100 hours of overtime per month, which is being opposed by some groups. Even that amounts to 65-75 hours of work per week, which is excessive. However, it is a step in the right direction! More here Advertisers of the day LODHA New Cuffe Parade: Launching LODHA Altia: A 44-storey new tower with lavish 1, 2 & 3 bed residences starting Rs 1.53 Cr Hyatt Hotels: World of Hyatt.  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). Indian masala bonds back in fashion after PM Modi’s renewed mandate Indian companies are jostling to sell at least $1 billion of Masala bonds in the coming months after Narendra Modi’s recent win in assembly elections 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) 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. IndusInd Bank: One-off provision hits profit, asset quality stable IndusInd Bank’s net profit rose 21.2% year-on-year to Rs751.61 crore, aided by higher net interest income and other income Sequoia nets $180m in secondary stake sales Mumbai: Sequoia Capital is learnt to have concluded a $180-million secondary stake sale of eight of its portfolio companies to Madison Capital, as the venture fund consolidates its holdings and brings in much-needed cash from its investments locally, people familiar with the matter said. Sebi to consider tighter scrutiny of commodity brokers, IPOs Sebi plans to put in place a surveillance system for commodity brokers—similar to that for stockbrokers—ahead of introducing a unified licence for intermediaries What led to the crisis at Snapdeal? Even as late as January, Snapdeal was spending heavily, expecting funds from new investors or SoftBank. Now, it’s up for sale New RBI rules on provisioning, bad loans seen taking a toll on banks Credit Suisse report says PSU banks are likely to see a 5-15% and private banks 1-2% impact on quarterly results due to new RBI rules on bad loans and provisions Dewan Housing Finance may sell majority stake in Aadhar Housing Finance Dewan Housing Finance has hired investment bank Rothschild to find a buyer for its 80% stake in Aadhar Housing Finance Godrej Properties to raise Rs1,500 crore by selling office assets Godrej Properties plans to use the funds raised from its office assets sale to pare debt VC firms like Iron Pillar, Zodius and B-Capital eye mid-stage deals With hedge funds keeping away, there are few investors willing to lead Series-B/C rounds Yes Bank, IndusInd bad loan provisions rise on exposure to Jaiprakash Associates Yes Bank and IndusInd Bank’s Q4 results showed surge in bad loans and provisions following RBI’s new asset quality rules and exposure to Jaiprakash Associates Govt eases norms for states to fund infrastructure projects State public sector undertakings (SPSUs) can directly borrow from bilateral agencies in other countries to fund infrastructure projects, says the cabinet The case for long-term finance banks As specialized institutions, long-term finance banks will be in a much better position to evaluate and fund long-term projects NTPC board approves plan to raise USD 6 billion via bonds NTPC today said its board has approved the proposal to increase the amount to be raised by issuing bonds in international markets to USD 6 billion from USD 4 billion. Nalco stake sale attracts bids worth Rs954 crore on day 1 The Nalco share sale attracted bids for over 14.24 crore shares as against 7.73 crore offered to institutional investors, an over-subscription of 1.84 times Yes Bank first casualty in RBI’s rule to pull out bad loan skeletons Yes Bank reports 169% rise in gross bad loans for the March quarter and 66% increase in provisions, following RBI’s new asset quality rules Anshu Jain backed InCred disburses Rs 100 crore within months The new age financial services company has disbursed Rs 100 cr loans to about 1000 customers in less than 100 days, the company said in a release on Wednesday. Big opportunity: The Indian bank bonds that investors can’t get enough of For all the hurdles faced by Indian lenders, there are bank bonds out there that investors can’t get enough of. Alcohol ban another drain on India's weak state finances While per-capita consumption of alcohol in India is among the lowest in the world, hazardous drinking -- binging and solitary consumption to the point of intoxication India growth story! You may miss the bus if you can't smell the opportunity Indian economy is on the cusp of delivering growth at an accelerated pace driven by reforms. BigBasket in talks for possible merger with Grofers India If the merger of BigBasket and Grofers goes through, SoftBank will participate in a $60-100 million fundraising round in the merged entity Amazon catching up with Flipkart in India This story was delivered to BI Intelligence... BigBasket in talks for possible merger with Grofers India If the merger goes through, SoftBank Group, which is an existing investor in Grofers', will participate in a $60 million to $100 million funding round.. Godrej Nature's Basket consolidates business; to focus on fresh food 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.In an exclusive interview with Indiaretailing, Cat Retail margin on generic drugs may be as high as 1000%, claims study PM Narendra Modi had on Monday said that government is contemplating a legislation that will make it mandatory for the doctors to prescribe generic drugs. You can shop online now, and pay later According to industry estimates, cart abandonment rate on e-commerce portals in India can be a high 60-70%. Home Big Grid Future Lifestyle Fashions leads the pack of India's finest fashion retailers at Images Fashion Awards 2017 Future Lifestyle Fashions Ltd led the honorees' list of outstanding achievers in Indian fashion retailing at the 17th Annual IMAGES Fashion Awards (IFA), India's biggest honours for fashion companies Huawei keen on India's smart city project: Official Chinese telecom firm Huawei is in talks with the Indian government for its smart cities initiative, a top company official said today. It is also interested in offering its solutions to domestic power utility companies, Huawei Telecommunications India, Consumer comes first, will continue to let telcos decide tariffs: TRAI chief This comes after the telecom operators accused TRAI of being partial to Reliance Jio by allowing its promotional offer to run for too long. Samsung Galaxy S8, Galaxy S8+ launched in India: Here's how the phones have evolved Samsung’s first Galaxy S phone came in 2010, nearly three years after the first iPhone. Here’s a look on how the Galaxy S series has evolved over the years. Looking to partner telecom operators in India for smart appliances: LG By partnering with a telecom operator, it is looking to address the requirement for a network provider to connect with the different appliances in a household. Xiaomi Mi 6 launches today, new leaked images confirm dual camera and specs Along with the Mi 6, Xiaomi is also expected to launch the Mi 6 Plus, which will have the similar specifications and the features but in a bigger body and with the bigger screen. India telecom sector faces bad loan risks, RBI tells banks Indian telecom players are burdened with debt, which is likely to increase due to the ongoing tariff war and consolidation in the sector. Beijing will respond if India shields local mobile phone makers: Chinese media The Indian mobile firms are seeking government action to ease the pain of their defeat to Chinese rivals, an article in the state-run Global Times 5G-led ultra broadband to soon become a reality in India: Nokia executives Finnish telecom gear maker Nokia said that ultra-broadband, along with Internet of Things (IoT), and need to reduce latency will drive need for 5G tec.. ITC aims to capture 18-20% of India's juice market through B Natural ITC Foods Division boss Hemant Malik says will focus on regional flavours and push premium products through B Natural to gain in the juice market Building fresh agri-produce value chains: A start-up experience India is a world leader in fruit and vegetable production, but that does not guarantee win-win for farmers, consumers or the trade Procter Gamble names Coke IT vet as new CIO The consumer packaged goods company welcomes Javier Polit at a time when industry players are eyeing mobile applications, IoT and analytics to get closer to consumers. How Bananas Helped This Businesswoman Shake up the Indian Feminine Hygiene Market Pads made from banana fibers, Saigal found, are very absorbent and equally important, completely compostable. ITC to launch new products, segments to topple Nestle, Britannia in packaged-foods industry It plans to introduce about 40 new food products in the next year – a record for ITC – and sell premium chocolates and coffee through retail chains and online stores. Rise in health awareness to take nutraceuticals market to $ 8.5 bn Dietary supplements accounted for 65% of Indian nutraceuticals market, says a Assocham-RNCOS study Rice basmati softens on sluggish demand : PTI feed, News Rice basmati softens on sluggish demand MTR plans 3-minute breakfast offerings The products can be preserved for long because water has been removed from all items.They get rehydrated when hot water is added at the time of consumption. Farmers want a platform, need to make consumers aware Trying to create a market for mil let farmers, the agriculture de partment is looking to promote the crop as a viable remunerative option for farmers faced with droughts and crop failure every year. We are as local as Infosys, ICICI and HDFC despite foreign funding: Flipkart ​​Indian shareholding may have fallen but Flipkart says it is as local as the other mascots of home-grown globalisation — Infosys, ICICI Bank, HDFC Bank, or Airtel. After Flipkart, SoftBank eyes a stake in Paytm As Japanese telecom and internet major looks to sell Snapdeal and Freecharge owner Jasper Infotech, it is eyeing a significant stake in market leaders. Goldman, Credit Suisse to set terms for Flipkart's Snapdeal buy According to sources, the final offer for sale is likely to be finalised over the coming weeks, signalling that the transaction, which will mark the b.. 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