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

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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). 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. 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. 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 It's an opportunity that a lazy banking system, obsessed with the collateral it's lending against rather than the business it's lending for, has handed on a platter to data miners. Why India needs another statistical revolution The Indian statistical system is failing to fulfil the needs of 21st century policymaking The big dreams of small finance banks Eight of the 10 entities that received RBI licence to start small finance banks are now operational. How have they been doing? Banks' asset quality woes not over yet No magic pill for ailing banks - The new banking ordinance is being unjustifiably hailed as a one-stop solution for non-performing assets Blackstone Group unveils $100 billion infrastructure fund Saudi Arabia’s Public Investment Fund agrees to commit $20 billion to the pool, Blackstone Group plans to raise the same amount from other investors 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 Designing cybersecurity for the financial sector There is no dearth of regulatory intervention at present to secure India’s financial ecosystem, and more of the same need not necessarily lead to better outcomes Time to ask bankers tough questions The Indian banking mess is as much a governance crisis as it is a policy crisis DBS Bank India expands bancassurance partnerships Ropes in Tata AIA Life, Birla Sun Life as additional partners The rules about discontinuing a unit-linked plan Irdai has issued a circular directing insurers to not delay payments on discontinued Ulips BSE to shift 17 firms to restricted trading segment for non-compliance of listing rules 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 SoftBank has received $93 billion in cash for its new $100 billion fund for investments in tech start-ups in the US, Europe and Asia, including India 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 AION is an India-focused special situations fund jointly promoted by US private equity fund Apollo Global Management and local fund ICICI Venture Fund Management Co. Ltd. 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 The salt-to steel conglomerate, with combined sales of $108.78 billion, has a presence in the retail segment through Trent and Infiniti Retail. Eyecare chain Agarwal's to raise ₹160 cr The Chennai-based Agarwal’s Eye Hospital chain will raise ₹160 crore soon to accelerat Kishore Biyani makes remarkable comeback after selling Pantaloons, but can he again be No. 1? As Kishore Biyani faces up to nimbler and deep-pocketed online rivals like Amazon, the Future Group cannot ignore an omnichannel approach. 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 India will soon adopt a reciprocity-based plan in which cos based in countries that do not allow entry of Indian entities in similar projects would be barred. Cyber cell to call 17000 con victims The cyber cell of the city crime branch has taken up the enormous task of calling about 17,000 people from 15 states across the country who were defrauded by Mohammed Jilani Ansari, 23, who posed as a bank official to siphon off their money. 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 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