Jun 16, 2017 - Buoyant SCI draws interest, but valuation's only allure

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk Amazon's Fire Phone was a failure. It's the kind of thing most managers hope people soon forget about. But Amazon embraced it. Jeff Bezos said in an interview not long after the phone was pulled: "If you think that's a big failure, we're working on much bigger failures right now. I am not kidding. Some of them are going to make the Fire Phone look like a tiny little blip." Netflix just announced the cancellation of several expensive original shows. This is also the kind of thing most media CEOs get mad at and demand a strategy shift. Which is what Reed Hastings did. Except his demand was that more Netflix shows should fail: "Our hit ratio is way too high right now. I'm always pushing the content team. We have to take more risk. You have to try more crazy things, because we should have a higher cancel rate overall." Amazon and Netflix owe a lot of their success to their ability to fail well. 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). Buoyant SCI draws interest, but valuation's only allure GST will adversely impact the Indian ship owners on account of 5% IGST on ship acquisition. 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. Irda seeks LIC roadmap to cut holdings in top blue chip firms This is the 2nd time Irda has written to the LIC asking them for a roadmap on cutting stake. Buffett's favourite chart says 'have no fear' to India stock bull The Sensexs 17% gain this year means India is now one of the most expensive Asian markets. PSB merger: 7 banks miss August deadline to meet 25% public float norm As discussions on the merger of some public-sector banks (PSBs) pick up pace, seven PSBs, especially United Bank of India, could miss the August deadline to meet the 25% public float norm. Merger fears shrink big PSBs' m-caps Stocks dip but experts see need to consolidate public sector banks Clean energy firm Acme Group appoints banks to raise capital via InvIT Acme Group appoints Citigroup and Axis Capital Ltd as it starts work on a plan to raise money via an infrastructure investment trust (InvIT) Boost for Make in India: Government close to imposing basic customs duty of at least 10% on smartphones Officials in the ministries of commerce, revenue, and IT and electronics said the Centre is close to a final decision. It's expected shortly before GST rollout. Banks take charge to recover bad loans worth Rs 1.5 lakh crore Banks that have been hesitant to follow this route fearing huge writedowns of asset values have been forced get cracking following the Reserve Bank's directive. Eris Lifesciences raises Rs779.4 crore from anchor investors Eris Lifesciences Ltd raises Rs779.43 crore by selling shares to investors as part of the so-called anchor book allocation, a day ahead of the opening of its initial public offering SMC Capital, REPL launch Rs 1,000-crore real estate fund The fund will invest between Rs 50 crore and Rs 80 crore in the middle segment affordable housing projects in tier I and II cities. India climbs global innovation charts for second year in a row In this years rankings released on Thursday in Geneva, India improved its position from 66 to 60. Last year, it had improved from 81 to 66. AIIB approves $150 million equity investment in India China-led Asian Infrastructure Investment Bank has approved $150 million equity investment loan to the India Infrastructure Fund, the bank's first such loan to fund private projects, a statement said today. Why sell Air India, wonders BJP leader Subramanian Swamy BJP Rajya Sabha MP Subramanian Swamy today questioned the proposed move to disinvest Air India, wondering why the airline need to be sold as its flights are occupied. Axis Bank sells Rs5,000 crore bonds to EPFO Axis Bank raised Rs5,000 crore through sale of Basel-III compliant bonds maturing in 10 years at a coupon of 7.66% to the EPFO Foreign investors fail to bid for complete quota of govt bonds on offer in auction Government debt securities attract bids worth Rs16,708 crore from foreign portfolio investors (FPIs) as against Rs18,437 crore on offer in an online auction on Thursday China, India seen as $4 tn opportunity for energy by 2040 BNEF report says China and India present a $4-trillion opportunity in the energy market HDFC to raise Rs2,000 crore via debt, issue opens on Friday HDFC will issue bonds through a private placement offer to raise Rs2,000 crore which will be used by the mortgage lender to augment its long-term resources Why foreign investors need to look at opportunities in India differently Several foreign investors have been busy ‘Modi-fying’ their Indian market projections and aligning positions accordingly. Alas, only very few managed to have a ‘local’ perceptive as decisions have … Asian Infrastructure Investment Bank grants USD 150 mn loan for India Infrastructure Fund The project will construct a new, two lane road approximately 14.3-km long in a key section of the East-West highway that skirts the port city of Batumi. PFC’s 54EC capital gain bond issue to raise Rs 18,000 crore PFC is the first company to raise capital gain bonds under Section 54EC this fiscal Is India faced with a 3.1 lakh crore farm-loan waiver? And will it help? In 2007, before the UPA's loan waiver for 30 million farmers across 18 states, 16,379 Indian farmers committed suicide, according to National Crime Records Bureau (NCRB) data. Reliance Retail expects no disruption in GST regime Reliance Retail is not expecting any disruption with the Goods and Services Tax (GST) is likely to roll out on July 1, a company official said on Thursday. Kishore Biyani's Brand Factory speeds down the discount trail Future Group's fashion discount chain plans to ramp up store count and sales figures Retail rents remain flat across key Indian cities Of the 18 featured markets, almost all markets – including most sub-markets of Indian cities – recorded flat rents. Marginal appreciation of 0.5-1.5% q-o-q was recorded in select sub-markets of Delhi-NCR and Mumbai. GST rules for cell towers a 'regressive' step: TAIPA TAIPA said that the telecom infrastructure industry makes a direct contribution of more than Rs 5,000 crore annually in corporate income tax and service tax Alibaba Mobile Group appoints Damon Xi as Head of UCWeb for India Damon Xi is to be appointed the head of UCWeb India and Indonesia. India's telecom subscriber base at 1198 mn in April, but Reliance Jio's additions slow down The telecom subscriber base in the country reached 1,198.89 million in April, but growth continued its downward trend in line with slower pace of new customer additions by Reliance Jio. Jio was followed by Bharti Airtel which added 2.85 million new mobile subscribers. Intel to invest Rs 1100 crore in India afresh Intel Corporation, the world's leading chip maker, is investing Rs 1,100 crore ($178 million) in India to set up a new Research and Development centre.. Indian banks' exposure to telecom 'not that huge': Arundhati Bhattacharya, SBI SBI's associate banks will turn a corner in just a few quarters and a rate cut by SBI is not really imminent. Discounts galore at stores before GST rolls out Anticipating prices of products to go up after July 1, most shops offering discounts or advancing end-of-season sale. In a millennial state of mind Being a millennial is no longer just about the millennials but also about people who have the millennial mindset Companies fear losing out to unregistered foodgrain brands In the present VAT regime, registered packed rice, wheat flour and gram flour are exempt from tax but in the recently declared schedule of GST rates would be under 5% tax. Packaged consumer goods: Rural India lags urban recovery The nascent recovery seen in the rural markets in October, as normal monsoon rainfall saw agricultural incomes improve, was dealt a body blow by demonetisation Organised retail, neighbourhood shops a worried lot Players clearing stocks from godowns; anxious about prices, discounts How Baba Ramdev Is Taking On India's Consumer Goods Giants Patanjali Ayurved, a firm headed by a popular yoga master, is leveraging ayurveda to compete with giants in India's fast moving consumer goods market. 20 Indian firms in top 100 companies in Asia300 ranking Indian IT service provider HCL Technologies came in at the second place, followed by Zee Entertainment Enterprises and Tata Consultancy Services at the third and fourth place respectively. The slowing salary hikes at Indian companies Indian companies, across industries, have consistently paid lower salary hikes over the past 10 years. Experts don’t see the decade-old golden days of good pay hikes return, any time soon Patanjali is the most overhyped brand: Marico chairman Harsh Mariwala Marico chairman Harsh Mariwala says the impact of the Patanjali brand on his company’s market share has been ‘low’ Paper Boat Investor Eyes Bigger Slice Of India's Consumer Goods Pie Kanwaljit Singh’s Fireside Ventures to back 12-15 consumer goods startups.  Amul FY17 sales jump 17.5% to Rs 27,043 crore The growth rate in the reporting year is much lower than the previous year's, when it clipped at 67 per cent to Rs 23,004 crore over fiscal 2015. How Bira became India's favourite beer in just two years Bira 91's founder Ankur Jain returned to India in 2007 after running a healthcare startup in New York. He initially started importing a few beers to get a to hold in the sector, having had no prior experience in the liquor business. "By 2014, I realised it was time for us to introduce a brand that resonated with the young urban population of India with key focus areas being taste, flavour and quality," Jain said. Story behind Bira 91 Top retailers meet to discuss pricing, margin issues post-GST ... Mumbai, Jun 13 () Leading retailers including Future Group, Trent Hypercity, DMart and Aditya Birla Retail today met in Mumbai to discuss issues related to the Goods and Services Tax (GST), including pricing and margins. 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