May 19, 2017 - Jindal Vs Jindal Reflects Credit-Less Recovery; But Gives a Ray of Hope

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Sree Vijaykumar From the Editor's Desk Solar Power in India touched a new high last week with a historic low tariff of Rs 2.44 per kwH (for the Bhadla Solar Park in Rajasthan). This is important for various reasons. The tariff is lower than that of coal (which averages around Rs 3.20 per kwH). The viability of such a low rate (it was Rs 15 per unit just 4 years ago) depends on various factors - the plummeting cost of solar panels, lower financing costs and the government's policy support to increase use of solar in our energy mix. Intense competition between various Indian and international players was the primary reason for the low bid. While several issues remain - like the high cost of support infrastructure such as inverters, cables, batteries, as well as lack of adequate high voltage transmission lines and handling of intermittencies (solar is available only when the sun is up and storage is still expensive), with adequate demand, the eco-system will develop and solar's future looks bright! Advertisers of the day TradeBriefs: World of Hyatt - A new loyalty program for you Shriram Properties: Shriram Properties presents premium apartments in the heart of Ecity Phase 1- Shriram Summitt  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). Jindal Vs Jindal Reflects Credit-Less Recovery; But Gives a Ray of Hope Economies can recover even without big investments and there have been instances where credit less recoveries preceded investments growth. 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. CESC to demerge businesses into 4 units to unlock value The idea behind the move is to unlock value for shareholders and prepare a focused strategy for sustained growth. Corporate debt poses systemic risks in emerging markets The rapid increase in corporate leverage in emerging markets following the 2008 global financial crisis poses dangers not very different from the 1997 Asian financial crisis Deutsche wants former board members to share misconduct costs Deutsche Bank is focusing on the need for personal and collective responsibility. E-Tailers not only ones having a sale, govt lines up PSU treat The move is aimed at hastening the divestment process across the companies and make it a regular feature. BoB back in the black; bad loan povisions come down The bank said net profit was at Rs 155 crore in the March quarter, compared with a loss of Rs 3,230 crore a year ago. IOC, ONGC, 9 other oil PSUs on track to match $16 billion spending India’s PSU oil firms spending boom is being driven by the country’s growing energy appetite and the need to meet Narendra Modi’s goal of reducing dependence on oil imports by 10% by 2022 How HDFC Bank is giving shape to its digital vision The objective of HDFC Bank is to offer services, interfaces and products in a way that customers can interchangeably consume them through any digital channel Arpwood-Goldman ahead in race for Rs 2400cr Karvy Fin Mumbai: Goldman Sachs is partnering with Arpwood Capital, founded by former DSP Merrill Lynch bankers Rajeev Gupta and Amol Jain, to acquire Karvy Finance, a non-banking finance company that focuses on lending to micro, small and medium enterprises (MSMEs). Blackstone eyes Rs 1k-cr realty fund Mumbai: Blackstone Group, the world's largest private equity firm, is likely to acquire the assets of Urban Infrastructure Opportunities Fund (UIOF), founded by Jai Corp chairman Anand Jain, also a close friend of Reliance Industries boss Mukesh Ambani. Paytm looking to acquire 500 million new customers: Vijay Shekhar Sharma Paytm founder plans to use the $1.4 billion SoftBank investment to acquire 500 million new customers and launch a slew of financial services products Blackstone, General Atlantic eye 74% stake in Karvy Computershare Karvy Computershare is one of the largest share registrar servicing over 70 million investor accounts including banks, PSUs and mutual funds. RBI may impose curbs on branch expansion by UBI United Bank of India today reported a profit of Rs 73.56 crore for the quarter ended MFIs suffer note ban blues; stressed loans balloon to 14% The aggregate gross loan portfolio of the companies stood at Rs 46,487 crore as on March 31, 2017 as against Rs 53,233 crore in the year-ago period. ADB raises Rs3 billion through rupee-linked bonds ADB says it has raised Rs 3 billion Ifrom a new issue of offshore rupee-linked bonds to help finance climate change mitigation and adaptation projects in India RBI revises definition of what constitutes a bank branch Reserve Bank of India (RBI) relaxes branch authorization policy, removes restrictions on opening outlets in Tier 1 centres, in a rework of definition of bank branches SoftBank tests India's taste for foreign finance After May 23, the Paytm wallet will move to PPBL. In case consumers do not wish for that, they have to inform Paytm, which will in turn transfer the wallet balance to the consumer's bank account once such details are shared. How slower Fed rate hikes are helping Indian banks raise money overseas The fund raising if materialises will be the highest by Indian lenders in four years. Singapore's DBS Bank adds over a million customers in India DBS launched a digi-bank last April that allows customers to transfer money to an e-wallet initially and later open a full fledged savings account using Aadhaar card. Seven reasons why India's jobs deficit is far bigger than IT sector layoffs The jobs problem is seen mainly as a problem of the IT sector or as a result of changing technology. But that is not the complete truth. Flipkart, Amazon lock horns over smartphone sales Flipkart claimed that on the first day of its sale, it netted three times the value of what Amazon managed to get from smartphones during its entire sale. Is supply chain management important for the retail sector? In retail, supply chain management (SCM), is the management of the flow of goods and services. It involves the movement and storage of raw materials, of work-in-process inventory, and of finished good Shoppers Stop to build stronger online presence driven by private labels In a move to recover from poor Q4 show, Shoppers Stop plans to focus on private labels and invest the final Rs 15 cr of Rs 60-cr corpus for online expansion in FY18. 4 phone exchanges allowed anonymous calls, raided Anonymity provided by illegal firms poses security risk. No licence fee for non-telecom revenue No licence fee for non-telecom revenue: HC BRIEF-India's Surana Telecom Power March-qtr profit rises India's Surana Telecom & Power Ltd: GST Council Meet: Mobile bills, cigarettes to become expensive; cars, motorcycles may get cheaper Xiaomi to back startups that enhance mobile experience, says India head Manu Jain Chinese smartphone maker Xiaomi Inc., the world’s second-most valuable startup, made its first publicly-disclosed investment in India in April 2016. It had led a $25-million round in online e… Dell: Dell expands offering in Indian gaming market Dell's rival HP had also launched its 'Omen' range of notebooks and a desktop in February this year to tap the growing community of gaming enthusiasts.. Global cyber attack isn't over yet, your phone could be ransomware's next target The virus has has not 'seen its end' as multiple modules can emerge and cause disruptions again, said the chief of Indian Computer Emergency Response Team. HUL CEO Sanjiv Mehta: To survive local competition, the key is to adapt, be flexible Sanjiv Mehta, CEO of Hindustan Unilever (HUL), says organizations need to be flexible and agile given the fast changing and uncertain external environment HUL carves out 15 teams to buck slowdown trend, beat rivals like Patanjali The new structure is in sharp contrast with the companys earlier model of having central marketing, brand and sales function team across categories. Common man items to get cheaper under GST; cars, consumer durables to attract 28% tax Daily use items like milk, fruits & veggies, food grains & cereals have been exempted; sugar, tea, coffee, edible oil, sweets placed in the lowest tax slab of 5%. GST will make sugar cheaper in Tamil Nadu, Andhra Pradesh, no impact in other states According to ISMA, consumers from Tamil Nadu and Andhra Pradesh, the two states which currently have VAT on sugar, will have to pay less once GST is introduced. Ikea to double India sourcing to $667 million as store rollout nears Swedish home furnishing retailer IKEA on Thursday said the company is investing around `1,000 crore for opening its second store in Navi Mumbai. Coca-Cola to increase fruit sourcing for juices, aerated drinks The company, which currently procures about 2 lakh metric tonnes of fruits, plans to increase it further as part of its 'fruit circular economy' initiative. Britannia bakes a new line for Good Day The Bengaluru-based company is now primarily focusing on cookies, which is emerging as one of the fastest-growing categories in biscuits in India. Coca-Cola to procure more fruits from India, Asim Parekh to head new division Beverages major Coca-Cola India is looking to enhance sourcing of fruits in India for its beverages under juice and aerated drinks categories. The company, which currently procures about 2 lakh metric tonnes of fruits, plans to increase it further Basmati boom has India's LT Foods seeking growth in Europe, Middle East LT Foods looks at Europe and Middle East for expansion as it seeks to capitalize on surging demand for basmati rice Tilapia the next big catch of Indian seafood sector Marine Products Export Development Authority (MPEDA) chairman A Jayathilak said tilapia fetches around Rs 120 to 150 per kg for the farmer at a cost of production of just Rs 60 per kg. Facing Patanjali's challenge, HUL to launch Citra skincare brand HUL is testing a new range of products formulated with Ayurvedic ingredients under 'Lever Ayush' in five southern states. LG Electronics to go online with a line-up of exclusives The company, which will also give a thrust to selling smartphones on these digital marketplaces, plans to partner Amazon, Flipkart and Paytm. 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