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Friday, May 19, 2017

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

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Sree Vijaykumar
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!

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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.

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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

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E-Tailers not only ones having a sale, govt lines up PSU treat

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BoB back in the black; bad loan povisions come down

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IOC, ONGC, 9 other oil PSUs on track to match $16 billion spending

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Blackstone eyes Rs 1k-cr realty fund

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Paytm looking to acquire 500 million new customers: Vijay Shekhar Sharma

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Blackstone, General Atlantic eye 74% stake in Karvy Computershare

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MFIs suffer note ban blues; stressed loans balloon to 14%

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ADB raises Rs3 billion through rupee-linked bonds

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RBI revises definition of what constitutes a bank branch

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SoftBank tests India's taste for foreign finance

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Singapore's DBS Bank adds over a million customers in India

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4 phone exchanges allowed anonymous calls, raided

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No licence fee for non-telecom revenue

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Dell: Dell expands offering in Indian gaming market

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Global cyber attack isn't over yet, your phone could be ransomware's next target

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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

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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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