Apr 24, 2017 - Tata Steel board approves raising Rs9,000 crore via debt securities

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Sree Vijaykumar From the Editor's Desk So, you're a millenial! And you want to make a difference! You don't want to do a job just for the sake of making money! You want your work to impact people's lives. You want to change the world! Well, it's time to think through this. Can one person make a difference? Here's some research (really, a series of blogs and research findings) from 80000 Hours, with a data-centric approach and frameworks to help you think through your career. 80,000 Hours is part of the Centre for Effective Altruism, affiliated with the University of Oxford Uehiro Centre for Practical Ethics. The organisation's name refers to the typical amount of time someone spends working over a lifetime. Advertisers of the day Gartner Webinars: Data & Analytics Leadership and Vision 2017 R P Singh: Register for Asia's Largest Content Marketing Summit (Exclusive Discount for TradeBriefs Subscribers)  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). Tata Steel board approves raising Rs9,000 crore via debt securities Tata Steel board has approved issue of debt securities of up to Rs9,000 crore in order to refinance existing debt and to meet working capital requirements 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. Kumar Mangalam Birla said to eye booming global carbon fibre market Kumar Mangalam Birla is exploring entry into the production of carbon fibre, a high-strength and light-weight composite material expected to be a $4.7 billion global business by 2022 What the IMF global financial stability report says about India IMF’s Global Financial Stability Report says India will be among the countries that will see the greatest deterioration in corporate balance sheets Ola may raise $100 million more, four months after SoftBank’s investment Ola’s board approved the $100 million investment in March, four months after Ola infused $250 million that lowered the firm’s valuation to about $3 billion ATMs go dry on demand-supply mismatch Withdrawals at pre-demonetisation levels as customers revert to cash payments; ATM operators say only 50% of their currency demand being met. AU Financiers converts to small finance bank from a NBFC AU was the only asset financing NBFC out of the ten applicants from across the country which was awarded in-principle approval from RBI for SFB licence last year. Samara Capital acquires facilities management company Sanjay Maintenance Services Sources said Samara had invested about Rs 140 crore ($20 million) for the acquisition and plans to spend an additional $30 million behind bolt-in buyouts for geographical expansion. Indian economy set to overtake Germany's by 2022, push UK out of top 5: IMF India's economy is set to accelerate as a result of implementation of important structural reforms after a demonetisation-induced slowdown, IMF said. Revamped Sebi website boasts of higher disclosures The Sebi website now has a section called as causelist, which lists out all the cases that are being heard by its whole time members and adjudicating officers Warburg said to be in lead to buy part of Prem Watsa’s ICICI Lombard stake Warburg Pincus is the frontrunner to acquire a stake in ICICI Lombard General Insurance from Prem Watsa’s Fairfax Reliance Defence gets banks approval to exit CDR package A consortium of lenders, led by IDBI Bank, has agreed to Reliance Defence’s plan to exit CDR package, with a longer maturity period for loans worth Rs6,800 crore Mechanism soon to fix banking bad loan issue: S S Mundra Last month, Finance Minister Arun Jaitley had said a resolution was being worked out with the Reserve Bank that would put enough pressure on borrowers to settle dues. India's rising wealth has a downside: Fewer women are working Fewer women are now entering the labor force. That's putting at risk the nation's much-vaunted demographic dividend. Half of PSBs can be impacted by revised PCA framework: Fitch PCA was previously viewed as "an extraordinary step" which the central bank avoided but the same is set to change now, Fitch said. Govt sells 9.2% stake in Nalco, raises Rs 1,200 crore Nalco raises over Rs1,200 crore through 9.2% stake sale; the offer for sale opened for retail investor subscription today and was lapped up 3.17 times Kent RO System drags Amazon, two of its sellers to Delhi High Court Kent alleges that "poor quality” copies of Kent RO products that are priced more than Rs 15,000 per unit are sold online on Amazon for just Rs 3,000-4,000. Snapdeal sale to Flipkart: Kalaari Capital comes on board SoftBank has been pressing for a sale of its portfolio co at an estimated price of $1 bn, but has faced resistance from early investors Kalaari and Nexus Venture Partners. Defence's CSD suspends sale of Patanjali's Amla Juice The sales have been suspended after a state-laboratory test declared the product unfit for consumption. Amla juice was one of Patanjali Ayurveds first consumer launches. Bikanervala Foods looking to dilute 20% stake to MNCs Bikanervala Foods is open to roping in a strategic partner and dilute 20 per cent to a Ikea to double local sourcing by 2020,open store in Navi Mumbai We currently source products worth 318 million euro from India and will almost double this by 2020, Henrik Gunnerling, purchase development manager, Ikea range and supply, said. Indian e-commerce site keeps Afghan craftsmanship alive Catering to this high demand is a New Delhi based e-commerce site Tjori. Airtel adds 3 million mobile subscribers in March: Report Bharti Airtel led the subscriber growth, adding 3 million new mobile customers during March and taking the total base to 273.65 million subscribers. Handset Makers To Introduce Latest Apps On Low-Cost Feature Phones Itel and Karbonn, are now working to develop apps for low-cost and feature phones Sumo T3000: One charge can keep this phone running for 50 days Sumo T3000: One charge can keep this phone running for 50 days - The mobile division of Magicon Impex Jivi Mobiles announced its portfolio expansion of feature phones as it launched 'Sumo T3000' at Rs. 1490 in India. Sporting a powerful battery of 3600 mAh, the newly launched 'Sumo T3000' is slim and stylish and can last up to a battery life of 50 days. Airtel becomes the fastest 3G, 4G network provider in India, beats Jio, Vodafone, Idea: Report OpenSingnal states that Airtel 4G network is the fastest one in the country at the moment. Dantewada village without mobile network awarded for going cashless The award for implementation of Pradhan Mantri Fasal Bima Yojana went to Gomati district of Tripura and Jalna district of Maharashtra. World cranberry leader Ocean Spray eyes Indian market An egg-shaped dark red fruit native to North America, cranberry is a natural remedy or antibiotic for urinary tract infections and stomach ulcers. Hyderabad raises a toast to 'beer' heat, sales surpass last year's figures When compared to other southern states, Telangana is on top in sale of beer and has exceeded Kerala, which was in top place till recently. While the state consumed 334.56 lakh cases of beer in 2015-16, it zoomed to 360 lakh cases in 2016-17 financial year. Is Binny Bansal-backed food startup Yumlane the FMCG of the future? Yumlane Founder Hitesh Ahuja says the idea struck after thoroughly studying the food supply chain and the various distribution channels available. Chefs and researchers incorporate insects, protein powerhouses into mainstream diet The UN has been making a case for using insects as food for a very long time, with the Food and Agriculture Organisation working on the topic since 2003. McCormick Co. to own 100% of 'Kohinoor' branded basmati rice McCormick & Co. Inc., a global leader in flavor, is all set to acquire remaining 15% equity in Kohinoor Speciality Foods India Pvt. Ltd., i.e. ‘Kohinoor’ branded Basmati rice business in India fro Soaps, cigarettes and pop art How mill labels and product packaging became the first visual facets that would influence ‘modern’ culture Maharashtra releases pro-consumer RERA rules The Maharashtra government on Friday released its final Real Estate (Regulation and Development) Act rules, which have been largely welcomed for being pro-consumer, anti-discriminatory and strict on developers. CPPIB may buy IndoSpace from Everstone Group Everstone owns 8.5 million sq ft of industrial real estate property through IndoSpace. The group has put off its plan to list as a real estate investment trust, or REIT. eShopbox allows brands to participate in fulfillment program of ecommerce players eShopbox has dedicated a specific area in its fulfillment center to each of these affiliate programs and have undergone extensive training to understa.. eBay plans to close sale to Flipkart in second half of year “We-re committed to winning in India through this partnership,” said Devin Wenig, CEO at eBay in an analyst call in the US. Future Group to sell its private labels through e-tail rivals Future Group will sell products on Amazon and Big Basket as it aims for Rs 20,000 crore sales from own brands by 2021. 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