Apr 27, 2017 - After 30K, what next for the 30-pack Sensex?

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Sree Vijaykumar From the Editor's Desk The biggest problem facing the Indian IT biggies is not the anti-outsourcing wave or tougher H1B laws. It's not even automation, which displaces service jobs; it's their inability to participate in the technological disruption happening with automation/machine learning, mobility, cloud, etc. These disruptions are opportunities - as global CXOs try to figure out how to use them best for their companies. Unfortunately, the Indian IT biggies expect the clients to tell them what they want from these emergent paradigms and offer to find out a cost effective way of doing it. "They are not ready to deal with the 'what aspects of business can I transform with technology' question, which is of high strategic relevance and the real opportunity presenting itself right now. More here 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). After 30K, what next for the 30-pack Sensex? Analysts said investors will watch for the dollar's movement in response to the tax proposals on Thursday . 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. LIC Housing Finance: Asset quality stable, retail home loans’ revival key As on March 2017, 83.6% of LIC Housing Finance’s loan book comprises retail home loans, lower than the 86.2% exposure it had in the previous fiscal year Axis Bank’s pain shows no end in sight yet Axis Bank saw both its gross and net non-performing assets (NPAs) decline as a percentage of its total loan book even as provisions against bad loans surged Advent International, China’s Fosun eye stake in Symbiotec Pharmalab Private equity firms Advent International and China’s Fosun International are in separate talks to buy a controlling stake in Symbiotec Pharmalab from Actis Capital HDFC may sell realty, digital units to Quikr for 5% stake HDFC is in talks with Quikr to sell its brokerage business HDFC Realty and digital business HDFC Red in an-all stock deal valued at Rs350-400 crore Private equity firms exit $18 bn in two years A PE firm estimate exits of $10.9 billion in 2015 and $9.8 billion in 2016 India to take longer to cut duties on Australia, New Zealand goods Move prompted by lack of FTAs with these nations; Proposal to be weighed at Regional Comprehensive Economic Partnership meet. First Sebi board meet under Ajay Tyagi sees sweeping changes in trading norms Sebi norms relating to mutual funds, IPOs, equity and commodity derivatives trading were changed in the first board meeting under new chairman Ajay Tyagi Volkswagen likely to sell Ducati at a valuation of $1.5 billion Volkswagen’s Ducati sale may attract interest from India’s Hero MotoCorp, Chinese carmakers or the consortium that bought Aston Martin in 2007 Henderson shareholders approve merger with Janus Capital HENDERSON-M&A/JANUS:Henderson shareholders approve merger with Janus Capital Arun Jaitley expresses Indian concern over worrying signs of protectionism "New barriers to migration and the closing of borders are other elements of such an approach. However, such efforts are unlikely to address the complex issues involved," he said. 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Banks finalise interchange fee for Micro ATM transactions These charges, which are mostly agreeable to the bigger banks, were decided after almost a month-long debate. RBI's tighter norms may not hit PSU banks immediately RBI can also use its discretionary powers to sack the bank management, supersede the board, restrict access to deposits, staff expansion, capital expenditure or restrict lending altogether. Amazon looks to further logistics automation This story was delivered to BI Intelligence... Kerala household retail major Alapatt enters e-commerce operation Household retailer major Alapatt Super Shoppe, a part of Alapatt group, which has a strong presence in gold and diamonds market, has ventured into e-commerce now. Higher prices help lift PepsiCo's sales PURCHASE, N.Y.- Higher prices helped push PepsiCo's sales in the first quarter, as the maker of Doritos, Gatorade and Quaker worked on transforming it.. 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However, with growing infrastructure and modernization of the retail sector, shopping has changed Bharti Airtel, Vodafone India, Reliance Jio oppose delicensing of 700 Mhz band for M2M services American Tower Corporation bid for Idea Cellulars 9,000 standalone towers and Vodafone Indias 12,000 but both deals are being renegotiated. 60% people facing frequent call drops: DoT survey 60% people facing frequent call drops: DoT survey India can bolster Snapchat's prospects as Facebook goes after it 700 Million We’re thrilled to announce that our community has grown to more than 700 million Instagrammers. And the last 100 million of you joined faster than ever. We’ve made it even easier for people across the globe to join the Instagram community, share their experiences and strengthen connections to their friends and passions. With new features like stories, live video and disappearing messages in Direct, people now have more ways than ever to express themselves and feel closer to what matters to them. From all of us at Instagram, thank you! Chinas 4G users touches 836 million Chinas 4G users touches 836 million Mobile phones make reporters of Indian villagers to fix problems By Rina ChandranRAIPUR, India, April 26 (Thomson Reuters Foundation) -V illagers in parts of central and eastern India are using theirmobile phones India to play 'crucial role' in WhatsApp's business solutions WhatsApp does not intend to introduce any third-party ads, but it is looking to monetise itself. Working with businesses could be a step in that direc.. Imported mobile phones In India to get costlier as govt looks to impose 5-10% customs duty: Report The proposed customs duty may be implemented on imported phones after the roll-out of GST SoftBank mulls biggest fund infusion in India: To invest $3 bn in 2017, buy stake in Flipkart Currently, SoftBank, the largest investor in New Delhi-based Snapdeal, is in talks with e-commerce major Flipkart to sell the company NTT Com acquires International Telecom License in India Business Wire India NTT Communications (NTT Com), the ICT solutions and international communications business within the NTT Group, today announced that it Will India be a consumer market that is complemented by an innovation ecosystem? An emerging area where these multiple imperatives of the government are being tested is the internet economy . The surge in FDI and in startups in the.. 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Rice basmati declines on tepid demand Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 8,200-8,300, Rice Pusa (1121) Rs 6,600-7,800, Permal raw Rs 2,300-2,350, Permal wand Rs 2,450-2,500, Sela Rs 3,100-3,200 and Rice IR-8 Rs 2,050-2,100, Bajra Rs 1,400-1,410, Jowar yellow Rs 1650-1700, white Rs 3,350-3,550, Maize Rs 1,520-1,530, Barley Rs 1,570-1,590 Innovative Tech Pack bags order from Bisleri to supply caps for beverages This contract marks entry of ITPL into field of closure for the carbonated beverages industry Coke's sale down by low single digit in Jan-March Venkatesh Kini says the firm is gearing up to launch first juice-based carbonated drink in India. Heritage Foods to add five more milk processing units The company is looking to increase the capacities of existing 14 plants, which together have a milk processing capacity of nearly 19 lakh litres of milk a day. VLCC buys Vanity Cube for home delivery Beauty & wellness co expected to spend Rs 100 crore on acquisition, integration and category development of on-demand beauty services startup. Digital India, Make in India will improve conditions for a brand like us: Panasonic India's Manish Sharma Japanese consumer electronics major Panasonic recently forayed into the world of artificial intelligence (AI) with its virtual assistant, Arbo. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India