May 26, 2017 - Kicking the can down the road, RBI Style

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk Very few parents say they want their kids to grow up to be a salesperson. Many MBA students say that sales is something they never want to do in their careers. And yet, sales is the most fundamental skill! Scott Edinger, the founder of Edinger Consulting Group and the author of The Hidden Leader, says that the resistance to sales stems from an "antiquated idea that selling is pushing people to buy something they don't want, don't need, or can't afford." But that notion is outdated. "Selling is moving somebody else to action," he says. And that is part and parcel of professional life. "If you look at things you do over the course of your day, from internal meetings with colleagues to client calls, almost all of your interactions involve some form of selling." Here's how to get better at it. Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera.com: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Kicking the can down the road, RBI Style Bankers are precariously negotiating many land mines. 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 quietly boosts Asean ties as OBOR looms large India is quickly moving its start-up ecosystem from disruption to innovation and this is where I think the return on investment will be huge. SBI set to hire six banks for up to Rs15,000 crore share sale: report The SBI is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage the share sale Now, individuals want to start cover Cos IRDA has received applications seeking to operate general insurance companies. IDBI Bank maps out turnaround strategy, loan recovery key ICRA and CRISIL downgraded the bank due to deterioration in capital position and asset quality. Consolidation of banks needn't be based on balance sheets: Rohit Sawhney, India Ratings The NPA normalisation will continue to play out on capital costs for the next three years. Slew of investors look at raising funds to buy apartments in a slow market Several investors plan to raise real estate funds to buy apartments in bulk from developers, taking advantage of developers grappling with tepid sales ChrysCapital close to buying Mufti denims brand for Rs460-500 crore ChrysCapital Advisors is in advanced talks to buy Credo Brands , which owns denim wear brand Mufti, for Rs460-500 crore GMEX to acquire 5% stake in Metropolitan Stock Exchange GMEX would also acquire 5% stake in Metropolitan Clearing Corporation of India, an arm of Metropolitan Stock Exchange India retains world's highest FDI recipient crown: Report India managed to keep the crown as the world's number one location for greenfield capital investment for the second year running - ahead of China and the US. Thyssenkrupp, Tata Steel expect €400-600 million of potential savings after merger Thyssenkrupp and Tata Steel have been in discussions since July about merging their European steel assets to cut costs and reduce overcapacity Sahara in talks for sale of foreign hotels, 30 domestic assets Talks are underway for sale of Sahara’s foreign hotels The Plaza and Dream Downtown in New York, and Grosvenor House in London RBI allows co-operative banks to issue mobile wallets Laying down strict regulations, RBI allowed co-operative banks to issue wallets for utility bill payments and other activities up to a limit of Rs 10,000. HDFC among top 10 consumer financial services companies globally The other companies that made it into the list include Orix at the fourth place, Synchrony Financial (5th), Discover Financial Services (6th) etc. BSE to delist 61 companies from 29 May BSE said 61 companies that have remained suspended for more than 13 years would be delisted from the platform of the exchange with effect from 29 May Everstone Group increases investment in Servion Global Everstone and Solmark, an equity fund started by technology entrepreneurs, had initially acquired a controlling stake in Servion in November 2014 through Evertech Pte Ltd. Most Gen Z shoppers buy from online stores, says TCS survey The survey said that around 84 per cent, that is at least 8 out of every 10 teenagers, in Mumbai shop online. Zivame too pitches for single-brand retail licence Actoserba Active Wholesale, which owns Zivame, has applied to DIPP for expansion of its existing facilities and conversion of wholesale to retail operations. Heritage Foods profit declines to 14.6 crore in Q4 Heritage Foods Ltd posted a lower net profit of ₹14.69 crore for the fourth quarter en Metro Cash & Carry halts retail from Ludhiana store, looks to relocate Metro Ludhiana store commenced operations in August 2011 from GT Road on National Highway I. Highway liquor ban impact: Spirits market shrinks 5 per cent in April The April decline was sharper in mass or price-sensitive products, extending the trend of the last financial year in which the industry sales fell 2.2%. Failure of debt-laden telecom operators can trigger defaults, bankers tell government In a recent presentation to the cabinet secretary, banks said using spectrum as a collateral and extension of spectrum repayment schedule may be needed to salvage this sector. Saudi Telecom to form $500 mln venture capital fund Riyadh, May 25 (AFP) Saudi Arabia's largest telecommunications firm said today it will set up a USD 500- million venture capital fund to invest in start-up companies. Idea says it is now a pan-India mobile broadband provider Idea mobile broadband services are now available to over 525 million Indians covering near 6,000 towns and 100,000 villages on 3G and 4G network pan India, the statement said. TRAI says no discriminatory tariffs among same subscriber category TRAI said under the rules it is not prevented from exercising its mandate to make recommendations to the government for wilful non-compliance of terms of the license. 4G VoLTE Coming Soon to Airtel And Vodafone Rivalling Jio 4G Find out which service, Airtel or Reliance Jio, is better at delivering the best mobile internet network in India. Google, Apple, Samsung bullish on mobile payment service in India No of daily transactions on mobile wallets doubled to 44.3 lakh within six months of the November 8 demonetisation move. BSNL To Launch Satellite Phone Service In India With Call Rates Expected At Rs 35 Per Minute Detailed plans and subscription tiers expected very soon. GST on ghee may hit Ramdev' biz NEW DELHI: Yoga guru and Patanjali founder Ramdev on Thursday invoked cow slaughter to argue against GST on ghee, the top grosser in the brand's portfolio. Mexico's Grupo Bimbo to buy majority stake in Harvest Gold Deloitte Touche Tohmatsu India has been mandated by the company to manage the deal. Harvest Gold was founded in 1993 by Adil Hassan, a chemical engineer from IIT Delhi as Harvest Gold Foods. FSSAI allows up to 5 per cent vegetable fats in chocolates Vegetable fats, which have physical properties similar to coco butter and are widely used by chocolate makers in Europe, were not permitted for chocolate manufacturing in India till now. Sugar, tea, coffee, milk powder to cost less under GST Currently, sugar attracts specific central excise duty of Rs 71 per quintal plus a cess of Rs 124, which translates into ad valorem rate of more than 6%. Basmati export benefits from ban on DA, exporters seek similar move for non-basmati The rice exporters maintain that the ban on DA had brought benefits to domestic companies as well as farmers who received timely and higher. Wheat, rice basmati soften on sluggish demand Prices of wheat and rice basmati fell by up to Rs 100 per quintal at the wholesale grains market today owing to muted demand against sufficient stocks position. Traders said besides low demand demand from flour mills, ample stocks position on Six lessons that Patanjali teaches India's FMCG sector A decade ago it was modern trade which changed the way Indians shopped. Then came e-commerce and online shopping. And this time around it is Patanjali Ayurveda - the latest force to disrupt the branded consumer goods sector. Its raging popularity and strong brand resonance have some incisive lessons for the Indian fast moving consumer goods (FMCG) sector. Rise and rise of Patanjali Indian wine market to double every 5 yrs: Pernod Ricard Winemaker Christian Barré, CEO, Pernod Ricard Winemakers, Spain, believes Indian wine market will continue to grow at 15 per cent and double every five years. FMCG Firms Not Quite Happy With GST Structure The FMCG companies are disappointed with GST rate structure which they will have an adverse impact on certain categories of products, while they are still awaiting an approval of from the government, , retail, fmcg, gst council, dabur india, coca-cola india Transact through payments bank? A commercial bank offers a lot more products and services than a payments bank can Google, Apple, Samsung bullish on mobile payment service in India No of daily transactions on mobile wallets doubled to 44.3 lakh within six months of the November 8 demonetisation move. 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