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Monday, May 22, 2017

May 22, 2017 - RBI Moves to Curb 'Short-Changing' of Clients, Price Rigging

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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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RBI Moves to Curb 'Short-Changing' of Clients, Price Rigging

The triggers for the code are the recent short-squeeze in the local government securities market.

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India’s laggard states need a bigger infrastructure push

Little has changed in terms of infrastructure gap between India’s rich and poor states between 2005-06 and 2014-15

SoftBank’s Masayoshi Son chases boyhood dreams with $100 billion fund

SoftBank’s Vision Fund gives Masayoshi Son access to a pool of capital unparalleled in the worlds of private equity or venture capital

At this rate, Fintech will slaughter India's banks

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Why India needs another statistical revolution

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The big dreams of small finance banks

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Banks' asset quality woes not over yet

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Blackstone Group unveils $100 billion infrastructure fund

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Ummeed Housing raises $5.6 million

Affordable housing finance company Ummeed Housing will use the funds to expand to new locations in north and central India and for investments in technology

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Time to ask bankers tough questions

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DBS Bank India expands bancassurance partnerships

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The stocks, to be moved to restricted trading segment by BSE, include Birla Capital, Birla Transasia, Dhanalaxmi Roto Spinners, Gangotri Textiles among the 17 firms

SoftBank Vision Fund raises $93 billion in first close

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Banking on technology: P2P lending and the uberization of financial services in India

The emergence of fintech or financial technology in the consumer banking space is pushing banks to update themselves and adopt a more consumer-centric and technology-based approach.

Growth challenge for Trent's overseas plans

Trent had two years ago announced plans to go global, especially West Asia and Africa

AION Capital in talks for stake in Future Group Holding Co

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WTO's call for a review meet might be a backdoor attempt to push e-commerce

The global review of Aid for Trade is influential in galvanising support and directing strategies to help developing countries derive the benefit from trade.

Tata sees e-tail arm 'Cliq' overtaking retail

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Eyecare chain Agarwal's to raise ₹160 cr

The Chennai-based Agarwal’s Eye Hospital chain will raise ₹160 crore soon to accelerat

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Bengal Chemicals ties up with Big Basket for Kolkata market

State-run company is also inthe process to join hands with retail chains and modern trade outlets

Security concerns: India's new rules will bar Chinese companies in power sector

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Cyber cell to call 17000 con victims

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Reliance Jio becomes the fourth largest wireless telecom operator in India

Six months of free voice and data services cherried with Prime, Summer Surprise and Dhan Dhana Dhan offers have officially made Reliance Jio the fourth largest telecom company in India with

Keep calm: you would be paying more for phone bills and buying 'Make in India' phones

Just in case you were too happy about GST, here's some disappointment. Your daily dose of Netflix and Chill will take a toll as the government is all set

Mobile manufacturers to continue to get incentives, government assures industry

“Either the existing regime will continue or the new regime with GST plus BCD will come in — so either way the industry will not lose out," IT & t..

Sensex climbs over 200 points, Nifty nears 9500-mark; FMCG stocks in focus

Selling pressure pulls down the indices from high points of the day. ITC, a gainer due to GST rates, clocks record high.

Lower tax not only reason FMCG stocks want to party

Toothpastes and hair oils will attract 18% GST rate, while shampoos and hair creams, chocolates, instant coffee will be taxed at 28% tax rate

Buy Hindustan Unilever Ltd. target Rs 1060.0 : Siddharth Bhamre

Buy Hindustan Unilever Ltd. at a price target of Rs 1060.0 and a stoploss at Rs 975.0 from entry point

Complaints against e-commerce companies top list at national consumer helpline

Smita Som noticed last week that she was sent a laptop skin by one of India’s largest e-tailers instead of an art print. She was furious and immediately called up the helpline and demanded a refund.

GST may affect sales of premium brands for consumer goods firms

FMCG segment is likely to benefit the most from the onset of the goods and services tax (GST) regime.

GST on FMCG sector: some gain, some lose

The FMCG stocks are in focus after the GST council finalised the rates for different FMCG goods.

Himalaya aims to double market share in men's facewash to 20%

We have close to 8-10 per cent market share in men's facewash. We have grown in the last couple of years from being the number fifth player to number third in the segment, said Himalaya.

Consumer durables firms anticipate July-Aug sales dip on GST ...

Consumer durables firms anticipate July-Aug sales dip on GST - Consumer durables makers expect sales of TVs, refrigerators and ACs to be impacted in July- August as prices would go up 4-5 per cent under the GST regime, but hope to make good from big volumes during festive sales.

Despite growing demand for chocolate, India imports most of its Cocoa

In India, cocoa is grown primarily as an intercrop in Andhra, Tamil Nadu, Karnataka and Kerala, as the tree requires about 40-50 per cent shade.

GST: Small cars are not going to cost more after July 1: Arun Jaitley

Small cars are taxed at 31% and 29%. It will be 28 plus 3%, 28 plus 1% - exactly the same rate has been maintained.

I make mistakes but never phenomenal ones, says Future Group Chairman Kishore Biyani

"Fashion has always been an important part of our business. Fashion, footwear and home furnishing contribute 65% of revenues to the group," Biyani said.

Flipkart, Amazon Top The Charts On LinkedIn Top Companies List

Flipkart has again snagged the number one place to work followed by Amazon. In 2016 too we saw the same trend prevalent. However Indians are searching for work at newer places including these.

GST rates: E-commerce companies to levy 1% tax collected at source on sellers

Revenue Secretary Hashmukh Adhia today announced that e-commerce players like Flipkart and Snapdeal will have to deduct one per cent TCS (tax collecte..

Idea, Flipkart tie-up to offer bulk data to smartphone buyers

New Delhi: Telecom operator Idea Cellular and e-commerce firm Flipkart have entered into a partnership under which they 

Flipkart taps more first-time premium buyers with EMIs, exchange, buybacks

Move to prompt customers to upgrade their smartphones quicker, will also lock them in with Flipkart

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