Jul 21, 2017 - Paytm aims to sell gold worth $200 million this year

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Sree Vijaykumar From the Editor's Desk Until recently, truck driver K Shaji often waited for hours at various checkpoints to pay state taxes on his cargo as he journeyed from India's south to the country's financial capital, Mumbai. No more. Such dragnets disappeared this month after the government overhauled its tax system, allowing Mr. Shaji and millions of truck drivers to motor past what used to delay their trips by hours. The delays and tax fees-plus widespread bribes-drove up costs and added to inefficiencies in the economy. The result is an early success for GST. Some economists say GST may eventually add nearly 1 percentage point to GDP growth. 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). Paytm aims to sell gold worth $200 million this year Paytm plans to sell 5 tonnes of gold valued around $200 million this year as it strives to develop a viable business from its e-wallet platform 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. What’s next for Jyoti Structures, Monnet Ispat, Alok Industries? The next leg in the resolution process for Jyoti Structures, Monnet Ispat and Alok Industries, with National Company Law Tribunal (NCLT) approving bankruptcy proceedings against them Rakesh Jhunjhunwala buys 1% in Jaiprakash Associates Jhunjhunwala's holding is worth Rs 57.5 crore. On Thursday, shares of Jaiprakash Associates ended flat at Rs 23.05 on BSE. Investors are behaving less like casino punters in China's stock markets "There's not much swing in big-caps, so you don't make quick money. But it's safe," Yao said. Newgen may debut with Rs 500-crore issue Co has appointed ICICI Securities and Jefferies as its lead book managers for the anticipated initial public offering Kotak Mahindra Bank’s loan growth takes the sting out of profit miss With Kotak Mahindra Bank’s loan book expansion inching back to early FY17 levels, coupled with an enviable asset quality, picking out sore spots would be like splitting hairs WIll this merger fuel India's oil industry? Decks are cleared for the ONGC-HPCL merger with the Cabinet giving the go-ahead on Wednesday. There's much to cheer for young start-ups in India, says Pratik Bose Pratik Bose, managing partner of the new fund of Indian Angel Network, says there is no dearth of funding opportunities for young start-ups IDBI Bank steps-up non-core asset sales, seeks to offload 5% in CCIL IDBI Bank will reportedly sell its entire 5% stake in Clearing Corp. of India as it looks to strengthen its weak capital base through the sale of its non-core assets HDFC Life files application for IPO with IRDA HDFC Life is expected to file a draft red herring prospectus with market regulator Sebi in August, people familiar with the matter said IFC invests Rs130 crore in Aavas Financiers Aavas Financiers will use the funds from IFC to extend home loans to low-income consumers in rural and semi-urban areas RIL to invest $25 million in Israeli start-up incubator RIL in a BSE filing said it will invest in Israel-based Jerusalem Innovation Incubator, which will focus on technology start-ups RIL invests $25m for a 20% stake in Israeli tech innovator MUMBAI: Reliance Industries (RIL) said on Thursday that it will be investing $25 million (Rs 161 crore) for a 20% stake in Jerusalem Innovation Incubator (JII). Kotak Mahindra Bank to raise Rs 65,000 crore for expansion Shareholders of the bank gave approval to borrow in excess of the paid up capital and free reserves but not exceeding Rs 60,000 crore, Kotak Mahindra Bank said Private equity firms call the shots with portable loans PORTABILITY-LOANS/:LPC-Private equity firms call the shots with portable loans The Buffett indicator is not for India India’s low market cap-to-GDP ratio shows an under-developed stock market and not an under-valued one Sebi tweaks rules on foreign purchases of rupee corporate debt Sebi says foreign investors would be allowed to buy rupee-denominated corporate debt on tap until they reach 95% of the Rs244 crore allocated to them HDFC to raise Rs3,500 crore through NCDs HDFC proposes to raise Rs 3,500 crore through a private placement basis by issuing non-convertible debentures ONGC-HPCL deal: A marriage of convenience A merger of HPCL with ONGC would have been a neat structure, combining both businesses with the full benefits of integration available to claim ICICI Bank offers up to Rs 15 lakh instant personal loan via ATMs ICICI Bank executive director Anup Bagchi said this will help customers receive money conveniently once they opt for a personal loan. Kishore Biyani's Future Group offers jobs to 10th, 12th standard passouts Deccan Chronicle Kishore Biyani's Future Group offers jobs to 10th, 12th standard passoutsDeccan ChroniclePay package would be in range of Rs 21, 570 to Rs 48,550 per month based on profile of candidate. Future Group CEO Kishore Biyani. Mumbai: Future Group's latest announcement heralds good news for passouts of 10th and 12th standards as Big Bazaar ...articles  Reliance Jio, Airtel, Vodafone and Idea exchange sharp words at Trai open house on IUC Jio wants the 14 paise per minute charge to be scrapped and said it would provide 99% coverage in the country by year-end even if the IUC is dropped. ACT Fibernet eyes acquisition to grow presence in India Atria Convergence Technologies (ACT) Fibernet is in exploratory talks with players like Nextra Teleservices and Spectranet and Excitel Broadband for a.. Why Reliance Jio's Feature Phone Makes a Lot of Sense Reliance Industries will have its annual general meeting (AGM) on July 21, and all eyes will be on announcements regarding Reliance Jio, and whether there will be new products around the service. There's a chance the Reliance Jio 4G VoLTE enabled feature phone will be unveiled. Global VoIP Market Size Will Escalate Rapidly in the Near Future The main objective of the report titled Global VoIP Market is to give a complete idea of the VoIP market for the duration of 2017-2022. The VoIP report focuses on market overview, market growth fac… 'GST Rollout Has Made Keeping Close Tab On Mobile Spends Important' Though the telecom industry hails GST as an iconic reform, the burden of increased mobile phone bills directly affects the end consumers, , reliance jio, goods and services tax, whatsapp, android India had 1019.5 million active mobile connections in May 2017: TRAI New Delhi, Jul 20 (PTI) Members of Parliament today asked telecom regulator Trai to remove mobile interconnect usage charges (IUC) to lower call rates. In India, Mobile Financial Services Are Displacing Traditional Ones In India, mobile payments are used by internet users nearly as much as credit cards. And the country’s younger age groups are using mobile banking services in large numbers. Railways serving food unfit for humans, says CAG report Food stuff is kept in the open for flies, insects, rats and cockroaches to feast upon. Britannia files legal notices to Kerala distributors over margins According to the executives, these distributors under their association unilaterally decided on up-charging — increasing their selling price to retailers — as a condition to resume billing. GST to moderate price growth, says Unilever CEO Graeme Pitkethly With lower tax in categories such as hair oil, toothpaste and soaps, consumer goods firms including Hindustan Unilever, Marico and Colgate Palmolive, have started cutting prices. Dabur India gears up for next growth wave with Buniyad project Revamps sales structure to push growth of smaller brands Future Consumer CEO Devendra Chawla quits : PTI feed, News ... Future Consumer CEO Devendra Chawla quits Quality Mark to increase consumer trust in Indian dairy products India’s National Dairy Development Board (NDDB) has launched a Quality Mark logo for dairy products. Volumes challenging in India due to GST: Unilever : PTI feed, News ... Volumes challenging in India due to GST: Unilever Baba Ramdev: Patanjali dream run in FMCG may be nearing end ... Sectoral leader HUL has come out all guns blazing in a naturals/herbals market. ShopClues launches home decor label Home Berry Going further, ShopClues aims to achieve 20% of total sales in home & kitchen category through Home Berry. 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