May 31, 2017 - Govt begins process to sell 10% in NTPC, 4 banks to manage offer

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Sree Vijaykumar From the Editor's Desk ComScore data suggests that half of U.S. smartphone users download zero apps each month. If you can get users to hit download, only 36 percent of apps are retained after one month and only 11 percent for a year. Even worse, the average app loses 77 percent of its daily mobile users (DAU) within the first three days, and 95 percent of apps aren't used regularly after 90 days. Engagement is key! So, are apps dead? No, but if you are building a digital business the numbers show that a maniacal focus on apps to the exclusion of other channels is increasingly dangerous. More here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: 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). Govt begins process to sell 10% in NTPC, 4 banks to manage offer The government currently holds a 69.74 per cent stake in NTPC. 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. GST will spur 1,000 new listings, says BSE chief GST rollout will help smaller firms become tax-compliant that could spur 1,000 companies to list over the next four years, says BSE CEO Ashishkumar Chauhan Deceptively quick, India's economy seen staying course as global pacesetter The latest GDP data could add fuel to the debate as it will rely on newly rebased indices for wholesale prices and industrial production, which analysts say will increase chances of the headline growth figure surprising on the upside. Hindalco’s profit growth likely to continue Sharp declines in interest outgo, strong cash flows help Hindalco, How India’s GST in its current avatar deviates from global practices A multi-tier tax structure and complex rules make GST implementation a herculean task Strategic, operational benefits from the merger below expectation: Jayant Sinha Minister of State for Civil Aviation Jayant Sinha said Air India and Indian Airlines merger in 2007 did not yield the desired strategic and operational benefits as was expected. The Reserve Bank of India is changing again Reserve Bank of India (RBI) Deputy Governors Viral Acharya and NS Vishwanathan met bank chiefs to discuss the top 50 stressed accounts. Small finance banks see asset quality deteriorate Small finance banks are showing elevated signs of risk as asset quality deteriorated post demonetisation in November RBI tells Catholic Syrian Bank to settle valuation issues with Prem Watsa’s Fairfax RBI’s directive to Catholic Syrian Bank to settle valuation issues with Fairfax comes amid interest from PE firms Aion and Everstone to pick up stake in the lender Piramal Finance invests Rs565 crore in auto component firms RSB Group, Indoshell Mould The investments in auto components firms RSB Group (Rs275 crore) and Indoshell Mould (Rs290 crore) were made through Piramal Finance’s Corporate Finance Group Cadila Healthcare plans to raise Rs1,000 crore via QIP Ahmedabad-based Cadila Heathcare’s QIP plans come at a time when pharma stocks are under pressure amid Sensex, Nifty record highs EU agrees rules to give more companies access to venture capital EU-FUNDS/VENTURECAPITAL:EU agrees rules to give more companies access to venture capital How India Post Payments Bank prepares for a new life from money order to mobile banking India Post, which has almost become extinct to a generation of people in urban India, prepares for a new life under India Post Payments Bank by marrying its almost 1.5L physical branches. Banks urge RBI to soften qualifying norms for S4A scheme Many state-run banks are precariously low on capital adequacy; and in cases like IDBI Bank, the regulator has imposed restrictions on lending and other activities. RBI calls for account number portability, banks wary Deputy Governor S S Mundra warns lenders against using charges on maintaining minimum balance to deny services to customers India waiting with open arms for German investments: Prime Minister Narendra Modi "Tension is not good for investment. It is important we join forces in pushing to reopen negotiations, to ensure stable trade relations for the future," Modi said. Citi to sell fixed-income index unit to London Stock Exchange for $685 million Citigroup agreed to sell its fixed-income analytics and index business to London Stock Exchange for $685 million in cash following a strategic review of the unit Some banks use service charges to drive away customers: S S Mundra RBI deputy governor S S Mudra today said that few banks are using charges on maintaining minimum average balance in accounts for availing some of their services to drive away customers. Are e-wallets good for gold? You can buy and sell gold in digital and physical forms through your Paytm e-wallet Aditya Birla Fashion plans to trim Forever 21 to turn the label profitable "Our goal is to turn positive in Forever 21 next year, which is the first landmark we have set for the brand," Ashish Dikshit, business head at ABFRL, said. 2 panels to give inputs on investments, e-commerce Will take a view on India’s position in the two areas at WTO, other trade negotiations Are Jio's 4G gear imports duty free? Telcos may have to cough up hefty customs duty if govt thinks otherwise If govt decides that 4G equipment is not covered under Information Technology Agreement, telcos may have to pay hundreds of crores of rupees in customs duty. Mobile Money In India: Does Digitalization Follow Demonetization? India's largest mobile money company – launched Paytm Payments Bank, having received the last clearance from the RBI. India device makers brace for sales tax impact – report The Prime Minister’s Office is reportedly considering raising the import duty on mobile phones to shield local phone makers in the goods and services tax (GST) regime. This would violate India’s commitment to waive import... India to hold India Mobile Congress from Sept 27-29, to attract investments in telecom and manufacturing The India chapter will be an annual event starting September this year, which will have 5,000 paid participants and 800 exhibitors, aimed at facilitating governments flagship programmes. India Mobile Congress to showcase India's telecom prowess: Telecom minister Communications Minister Shri Manoj Sinha announces International mega event India Mobile Congress 2017, unveils Logo Pain from India's phone wars extends beyond RCom's sibling spat RCom reported a net loss of Rs 966 cr for the fourth quarter of the fiscal gone by compared to a net profit of Rs 90 cr in the same period last year. Nestle India wants to make Maggi noodles healthy, cuts down on salt and adds iron The plan to cut down salt content in Maggi noodles is part of Nestle’s global strategy to reduce sodium, saturated fat and sugar. Ahead of GST roll out, Indian economy gets a consumer spending boost as note ban impact wanes The impact of the new tax regime is not clear -- some items are expected to be cheaper -- but the prospect of a price rise is seen pushing some people to buy ahead of July. Procter Gamble Mideast chief says region's 'mindset needs to change' If Procter & Gamble (P&G), the giant US consumer products group, were a country, it would be the 45th biggest in the world ranked by its market capitalization and 75th ranked by profits. Jammu to be hub for export of quality basmati rice: SKUAST-J Experts on Tuesday said that Jammu will become a hub for export of quality basmati rice in India.This was said during a one-day workshop on ‘Quality improvement in production of Basmati rice for export’ at Chatha, wherein about 225 farmers from Basmati rice growing region of Jammu, Samba and Kathua districts participated and was attended by the national and state level experts of Basmati rice.According to a statement, the workshop was organized by Sher-e-Kashmir University of Agricul Build Business on No-Discount Model Indian Hospitality Sector News - , F&B-Gourmet Asian food is neither affordable nor readily available for the common masses. 48East delivers fine Asian gourmet food at your doorstep to bring awareness about the diversity of Asian food and offer eclectic Asian cuisine at an affordable price on demand. US consumer spending jumps; monthly inflation rebounds USA-ECONOMY/ (WRAPUP 1):WRAPUP 1-U.S. consumer spending jumps; monthly inflation rebounds GST will level the field and formal sector will benefit: Titan MD Bhaskar Bhat In an interview with Moneycontrol's Malini Bhupta, Titan's MD Bhaskar Bhat talks about the company's plans in FY18, the categories they will focus on and how they are all about lifestyle. The ever-slowing salary hikes at Indian companies Those in jobs in the private sector have always consoled themselves, when the issue of long working hours and little job security With FMCG stocks fillip, equity markets close at new highs Flipkart's COO quits; Krishnamurthy's grip tightens- PocketNow (press release) (blog) Seth's exit will give more power to Kalyan Krishnamurthy, who took over the HR function last week How India Post Payments Bank prepares for a new life from money order to mobile banking India Post, which has almost become extinct to a generation of people in urban India, prepares for a new life under India Post Payments Bank by marryi.. Tata CliQ launches one week sale The sale is offering various deals and offers from over 100 brands. Changes in MEIS policy to make Indian e-commerce retail exports feasible: Study The huge potential of e-commerce towards retail exports from India will only be feasible through modifications in the current Merchandise Exports from India Scheme (MEIS) policy under the Foreign Trade Policy (FTP) 2015-20, a recent study said here 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