Jul 13, 2017 - Low mobility across generations heightens job creation challenge

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk Chinese handset makers Xiaomi, Oppo and Vivo now have over 50% marketshare in India. The biggest casualty has been Indian companies, namely Micromax, Lava and Intex which have seen their share go down from 40% to 14%. Their mistakes include not coming up with 4G models fast enough (a customer need driven by Jio) and subscribing to the myth that the Indian consumer goes for the cheapest option in the market. In reality, customers in India were interested in the best value-for-money phones. This was provided by the new set of smartphones from Chinese companies who read their needs better and came equipped with smartphones that incorporated high-powered cameras with high resolution and larger screens. So alarming has been the advance of the Chinese brigade that calls have gone out for some form of protection for domestic companies. The government has paid heed, although its help may be coming too late. Starting 1 July, India imposed a 10% basic customs duty on smartphones. 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). Low mobility across generations heightens job creation challenge There remains a high degree of correlation between the occupation of a father and son—pointing to poor job creation and employment opportunities in the organized sector 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. Farm loan waiver: India will pay for giving in to populism Not only will a nationwide farm loan waiver be economically disastrous—by some estimates, the promises could add up to 2.6% of GDP—it's unlikely to help farmers much Nifty path to 10K clear: Cooling inflation paves way for rate cut Nifty ended 0.3% at 9816.10 after testing a lifetime high of 9824.95 during the day. Refining firms may see sequentially lower margins in June quarter Indian refining firms' refining margins are expected to decline compared to the March quarter Paytm buys majority stake in ticketing platform Insider.in The acquisition will allow Paytm to integrate events listed on Insider.in on Paytm app, giving a major boost to its online ticketing service Sebi planning safety net for investors in derivatives Sebi in a discussion paper says it's considering a product suitability framework to ensure that individual investors have a safety net against risks posed by derivative instruments Life for HPCL as ONGC arm seen as win-win for both Analysts believe the combined oil behemoth of HPCL will help cushion ONGC against volatility in earnings. Still counting demonetised notes: RBI chief to House panel The RBI informed the Standing Committee on Finance, headed by senior Congress leader M Veerappa Moily, that it had issued tenders for fresh Currency Verification Processing System (CVPS) machines to speed up the counting. Catholic Syrian Bank said to reconsider IPO plan Catholic Syrian Bank is once again considering an IPO as talks for a stake sale to Prem Watsa's Fairfax Financial Holdings have fallen through Warburg Pincus may invest $75 milion in CleanMax Solar CleanMax will use funds to continue rapid growth in the rooftop and open access solar power markets in India, while pursuing growth in select international markets. HDFC Life, Max prepare new merger structure after IRDA rejection Under the new merger structure, Max Life Insurance and HDFC Life Insurance will merge to form a new firm, tentatively called HDFC Plus Snapdeal wants Flipkart to pay at least $900 million for buyout deal Flipkart is yet to respond to Snapdeal's demand but the e-commerce firm will send a new buyout offer this week higher than the previous bid of $700-750 million Singh brothers seek urgent funds to repay Religare debt Singh brothers' RHC Holdings is said to have sought funds from KKR and Co., Piramal Enterprises to meet repayment obligations of Religare Enterprises Franklin Templeton shakes up Bond Street with Rs 9,000 crore bulk buy Nearly three years ago, on August 20, 2014, Franklin Templeton bought about Rs 16,000 crore on a single day. Vodafone-Idea merger: Sebi looks at open offer possibility The takeover code stipulates that if an entity acquires 25% of a listed firm, it has to make an open offer for an additional 26% from public shareholders. Google acquires Halli Labs, a 4-month old Bengaluru AI start-up Google has acquired Halli Labs, a four-month old start-up out of Bengaluru that is developing artificial intelligence and machine learning solutions SBI waives charge on IMPS fund transfer of up to Rs 1,000 State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000. RBI keeping a close watch on cryptocurrencies: Urjit Patel RBI governor Urjit Patel reportedly told the Parliamentary panel that an inter-disciplinary committee has been formed to discuss the legality of cryptocurrencies New Silicon Valley fund Autotech Ventures aims to connect auto firms and start-ups Autotech Ventures will try to connect start-up companies with its corporate investors, which include big automotive suppliers BorgWarner and Autoliv Now, OPEC says India's galloping economic expansion will surpass China's slowing growth India's economic growth will accelerate to 7.5% in the next year 2018, widening the lead over China, whose economic expansion will slow further to 6.2%, oil bloc OPEC said. India wants $300 billion in oil spending to meet growing demand Oil minister Dharmendra Pradhan says India needs investments to boost the natural gas and oil production, and to refine, transport and distribute the fuel to households Sebi proposes new rules to develop equity derivatives markets Sebi has invited public comments by 10 August on its proposal to overhaul its rules for derivatives trading, including on suitability of 'more complex and risky' products for individual investors Hinduja Leyland Finance to raise Rs 200 crore from shareholders These investors had infused Rs 250 crore into the company last fiscal and another Rs 100 crore in the first quarter this fiscal. Investors would be better off avoiding NFOs Evaluating NFOs becomes difficult, if not impossible as they have no track record Andhra Bank plans to raise up to Rs1,000 crore via QIP Andhra Bank is planning to raise Rs 800-1,000 crore through a qualified institutional placement (QIP) in the next five months to fund growth Essar Steel not singled out on bad loans, RBI tells Gujarat HC RBI counsel Darius Khambatta tells Gujarat HC that Essar Steel's bad loans rose in FY17, and that Insolvency and Bankruptcy Code 'not draconian', but 'protects interests' of a firm Are Reliance Jio's tariffs disruptive? Investors don't think so Reliance 's shares are hovering close to an all-time high, and its market capitalisation has risen by around Rs1.49 trillion since Reliance Jio's launch last September Bank of Baroda to raise up to Rs3,000 crore via Basel III bonds Bank of Baroda has approved issuance of AT-1 capital bonds compliant with Basel III capital regulations Government asks Amazon to keep food business and marketplace separate Global bigwigs like Wal-Mart Stores and others had cold-shouldered the new segment, arguing that selling only thin-margined food items didnt make business sense. Walmart to invest Rs900 crore to open 15 outlets in Maharashtra Hindustan Times Global retail giant Walmart is all set to open 15 stores in Maharashtra. For this, the US firm will invest Rs900 crore. These stores will help generate 30,000 direct and indirect jobs in the state, the state government said. The state industries ...articles  Patel Integrated Logistics gets fresh round of funding from Mauritius PE firm The investment assumes significance as it comes after the roll out of goods and services tax (GST) which is expected to fuel growth in the logistics sector. Retail inflation cools to record low in June, factory output shrinks Industrial growth slows to three-month low in May possibly due to changes in production ahead of the goods and services tax implementation. Telecom department to consult Ecomm, tech companies for new policy While both sides have a point to make, regulator TRAI has a few options left. BSNL to shortlist bidders for submarine cable project State-owned Bharat Sanchar Nigam Ltd (BSNL) will short-list bidders for the submar Scientists Develop World's First Battery-less Cell Phone They are also planning to improve the phone's operating range in future they also encrypt it to make it secure. Telecom industry is under pressure both on top and bottom line: Sanjay Kapoor, Bharti Airtel Sanjay Kapoor, Industry Expert & Former CEO, Bharti Airtel says that the Indian industry has stayed away from subsidising phones in the past. 'New Telecom Policy Will Be Application Driven Rather Than Connectivity Driven' The communications sector has assumed the position of an essential infrastructure for socio-economic development in an increasingly knowledge-intensive world., , telecom policy, manoj sinha, Aruna Sundararajan, digital india, foreign direct investment Microsoft has officially killed Windows Phone, no more support for OS The Windows Phone operating system was supposed to be Microsoft's counter to the growing popularity of Apple's iOS and Google's Android. While the tile-based design was radically different, the operating system never really became that popular. Navigating TRAI Regulations for Call Centers in India Most call centers are subject to a regular audit of their voice infrastructure and any violation of the India toll compliance regulations can result in large fines, and cancellation of their registration and ability to operate the call center. By 2020, mobile data may cost just Rs 50/GB: Analysys Mason Also, it is because of newcomer Reliance Jio that by 2020, 80% of Indias population will be able to afford a 4G phone, which would otherwise have been 68%. Feature phones cost may rise 30% as DoT insists on GPS for women safety In a significant step toward 'women safety', the telecom department has said all feature phones should have global positioning system (GPS) that would enable to track them from January 1, 2018. India ranks 23rd among 165 nations in cybersecurity index India is ranked a high 23rd out of 165 nations in a global index that measures the commitment of nations across the world to cybersecurity. Fading aroma: Basmati's latest challenge The AIREA workshops have been focusing on educating farmers about the EU decision and advising them to spray Tricyclazole just once before the 'boot leaf' stage, while the developing panicle is still to emerge from the stem. GST issues hit shelves at grocery chains, kiranas electronics retailers Most companies and distributors tried to empty their stocks by June 30 because of uncertainty over transition norms and new prices. Hatsun partners GEA to set up milk plant in TN at Rs 120 crore GEA is a leading supplier of equipments to dairy and food processing industry and has helped companies like Amul to set up their largest processing plants in India. FSSAI operationalizes Regulations relating to standards for Non-carbonated Water Based Beverages The Food Safety and Standards Authority of India (FSSAI) has operationalized the Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, 2017 relating to standards for Non-carbonated Water Based Beverages (Non-Al 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