Aug 1, 2017 - Traders await RBI stance as rate cut seen as done deal

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Sree Vijaykumar From the Editor's Desk The government would like all ecommerce players to be marketplaces, providing market access to small businesses looking to sell online. The letter and spirit of the DIPP rule that allows a maximum of 25% of sales from one vendor is meant to enforce that. However, as the ecosystem matures, the online aggregators in retail, food, hospitality, etc are forced to go 'private label' or create their own supply. Reasons include gaps in the marketplace where there are no good vendors, a push towards controlling the user experience, as well as higher margins from private label, creating potential 'frenemy' situations with vendors. 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). Traders await RBI stance as rate cut seen as done deal While low inflation bolsters expectations for the RBI to cut rate, the prospect of more such moves may be limited as global central banks pitch for tighter policy, say traders 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. Snapdeal ends merger talks with Flipkart to 'pursue independent path' Sectoral analysts suggested that while it was imperative for Snapdeal to find a suitor to handle its financial troubles, but the deal did not make much sense for Flipkart except that it could have helped the Bengaluru-based e-commerce firm get backing from SoftBank. Path to India reforms eased as PM Narendra Modi turns enemies into friends With BJP back in power in the key eastern state of Bihar, the federal ruling coalition now controls 18 of 29 states, which represents 60% of the countrys GDP. Reserve Bank of India reallocates portfolios of its deputy governors The Reserve Bank of India on Monday reallocated portfolios of its deputy governors among Viral Acharya, NS Vishwanathan and BP Kanungo after SS Mundra retired from service on July 30. How RBI’s MPC members are likely to vote on a rate cut A look at how views of RBI’s monetary policy committee members have evolved on inflation, repo rate and economy, before they decide on a rate cut on 2 August How India’s auto industry is racing to meet 2020 Bharat Stage VI deadline The leap to Bharat Stage VI (BS VI) emission standards is giving India’s auto industry sleepless nights Snapdeal calls off sale to Flipkart in setback for SoftBank India's Snapdeal said it had decided to remain independent and was ending all talks regarding a sale, bringing the curtain down on months of discussions around a possible acquisition of the e-commerce firm by bigger rival Flipkart. The tyranny of energy uncertainty We must reset policy from encouraging investments in renewable energy to introducing the serious reforms necessary to sustain growth Sebi may ease dispute settlement norms Sebi may widen the scope of the consent mechanism that allows settling of disputes by paying a fee without admitting guilt HDFC to raise Rs2,000 crore via bonds HDFC in a regulatory filing said it will issue secured redeemable non- convertible debentures (NCDs) on a private placement basis to persons specifically mentioned What SBI’s savings account rate cut means for you An expert says in comparison to savings account, liquid funds will give better returns as the interest rate on them is around 6.5% which is 1-2% higher than savings deposit India must guard against external financing vulnerability: IMF The IMF in its report added other risks to Indian economy stem from global financial volatility and 'longer-than-expected cash normalization' following the currency exchange initiative. Hatsun Agro seeks shareholders' nod to raise Rs500 crore via QIP Hatsun Agro has sought shareholders' nod for raising of funds up to Rs500 crore by issue of securities to qualified institutional buyers through qualified institutional placement RBI slaps Rs 1 crore penalty on Union Bank for KYC non-compliance This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement, RBI said. Banks are reducing fund transfer charges There was a spurt in digital money transactions after demonetization but their growth has slowed down. To revive it, charges on these services are being reduced India is said to block Fosun’s $1.3 billion Gland Pharma acquisition The Cabinet Committee on Economic Affairs, which is chaired by Narendra Modi, has decided to block the Fosun’s purchase of an 86% stake in Gland Pharma Ltd NSEL urges Sebi to resolve Rs5,600-crore payment crisis NSEL has urged Sebi to resolve the Rs5,600-crore payment crisis in the larger interest of investors Tata Group plans foray into ready-to-eat foods - Tata Group is offering Indian and international recipes under the test-marketing India set to overtake US as the second largest 4G handset market: report With telecom operators ramping up their broadband networks, India is set to displac Why do most 'selfie deaths' happen in India? Indians are highly reckless in use of mobiles, says Samsung survey Telcos in India can shut services without surrendering license: Trai The proposals form part of Trai's latest recommendations to the DoT on the closure of access services by companies and aim to ensure that subscribers are not put to RCOM-SSTL merger likely to get government's nod this week RCom-SSTL merger deal has been given a green flag by CCI, Rajasthan High Court, Bombay High Court and SEBI by far. Sameer Garde named Cisco India and SAARC President The incumbent, Dinesh Malkani, had put his papers early this month and his term as president is ending today Idea Cellular-Vodafone to launch India's cheapest 4G smartphone Idea Cellular and Vodafone are joining hands to give Reliance Jio a tough fight in the ongoing tariff war, and also in the 4G phone market. We see big potential in India's digitisation journey: Alok Ohrie ... We are the single point of contact for customers looking to embark on a digital transformation journey. Forget about your next free slice of Domino's pizza, companies will now be taxed on freebies Top food services companies—Jubilant FoodWorks (Dominos Pizza) and Yum Restaurants-owned Pizza Hut — are stopping buy-one-get-one free schemes. Market share of Baba Ramdev's Patanjali toothpaste trebles in one year "We are planning to launch new variants within Dant Kanti — including aloe vera, fresh active gel and red toothpaste," spokesperson at Patanjali Ayurved said. Jharkhand State Beverages Corp Ltd to sell liquor across state Jharkhand State Beverages Corporation Limited (JSBCL), a Jharkhand government entity, will sell liquor from tomorrow in the state. In all 208 liquor shops have been opened across the state by JSBCL, Excise and Prohibition Secretary Avinash Kumar Bihar liquor ban: SC dismisses plea to extend 31 July deadline to dispose old stock outside state The Supreme Court dismissed a plea of liquor manufacturers from Bihar to extend the 31 July deadline for disposing of the old stock over 2.80 lakh bottles of alcoholic beverages. It took new-age chaiwallas to finally give the humble cup of tea its due in India Chai Point runs over 100 stores in India. Logistics, warehousing space leasing up 50% in H1 2017: CBRE The leasing of industrial and warehousing space rose 50 per cent in January-June at 7.3 million sqft in eight cities and absorption may touch an all-time high in 2017 on positive sentiments after GST rollout, according to a study. Xiaomi Redmi Note 4 to Get a Big Sale on Flipkart on Wednesday The Big Redmi Note 4 sale on Flipkart for the phone will start from 12pm IST on Wednesday and the company will offer exchange offers, EMI facility and buyback guarantee options. Flipkart launches private brand 'Billion' The collapse of the deal has major significance for global firms that have invested in the Indian market, including Amazon. Snapdeal 2.0 can log Rs 150-cr gross profit in 12 mths: Bahl They also said the company will continue to keep control over costs and make operations efficient. Bitcoin technology faces split, may create clone virtual currency BITCOIN-SPLIT/:Bitcoin technology faces split, may create clone virtual currency How Indian tech is getting a hang of gig economy? Employing gig workers could be beneficial for businesses, but it would also erode the social welfare objectives of various labour laws Flipkart closes eBay India acquisition   Infosys, TCS, Tech Mahindra see workforce shrink for the first time Infosys, TCS and Tech Mahindra saw their workforce shrink in the first quarter even as Wipro and HCL Technologies added to their employee strength In the age of automation, IT firms don't need robotic 'yes men', they need problem-solving humans Techies are falling short in the domain of soft skills or people skills. Google hires 16-year-old Chandigarh boy at an annual salary of Rs 1.44 crore He will undergo training initially for one year during which he will receive Rs 4 lakh monthly stipend Ford reviewing future operations in India, other nations Ford CEO Jim Hackett is reportedly reviewing the company's operations, including where to produce future models and whether to keep doing business in India. VMware sets up AirWatch data center in India With a data center located in India, VMwares customers will be empowered to continue to see gains in scalability, automatic upgrades and updates, and extensive integration with enterprise systems. 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