Aug 17, 2017 - You can borrow against mutual fund units

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk For decades it has been a ritual in the Roy family to make mutton biryani on Sundays. In its preparation, while the women folk spent most of Sunday morning peeling, chopping and frying onions, everyone had to patiently deal with the 'burning eye'. One day fed up with the chore, Satyajit Roy said "Surely fried onions must be available in the market, why doesn't someone pick them up". And he immediately began searching for it online, only to realize that fried onions were available abroad, but not in India. Thus was born the idea of EGK Foods Pvt. Ltd. For more on this story and to get your company featured, subscribe to the SME print edition. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps 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). You can borrow against mutual fund units ET explains the process and the type of funds that can be offered as collateral. 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. Lenders hold key to India's economic growth, policy makers say The Reserve Bank of India's monetary policy committee (MPC) members said easing consumer inflation had supported the need for a rate cut at its August meeting, but warned prices could start accelerating, minutes showed on Wednesday. 35% YoY rise in CP investment by banks in May Banks' investments in commercial papers (CPs) stood at Rs 1.19 lakh crore as of May 2017. Gupta firms suing Bank of Baroda to try stop account closures Companies controlled by the Gupta family, whose accounts are being closed down by Bank of Baroda, said they’re taking legal action against the lender Infosys to consider share buyback proposal at 19 August meet Infosys’s announcement saying it will consider a proposal for share buyback at its meeting to be held on 19 August comes soon after rival TCS’s Rs16,000-crore buyback Fairfax seeks a bite of India e-commerce pie with Infibeam stake The move is aimed at creating the war chest to fund the expansion plan of the e-retailer. HSBC will leapfrog in India on back of Aadhaar: Kevin Martin We took a very conscious decision to reduce the number of branches to focus our resources on the big 13 cities last year SoftBank hits the road again, in talks with Rivigo to invest at least $100 million Last week, SoftBank acquired a $2.5-billion stake in Flipkart, taking its total investments in Asia’s third-largest economy this year to $6 billion. Biocon suffers withdrawal symptoms Biocon Ltd’s shares fell 5.9% on Wednesday on news that it has moved to withdraw (and later resubmit) its European filings for two biosimilar products, trastuzumab and pegfilgrastim The great gasification wave has passed In the Middle East, rising prices and falling domestic supply have compelled states to turn to alternative sources of fuel The year of the IPO Boom Chennai: The Indian risk appetite for equity seems to be growing, with SEBI terming 2016-17 as the year of the IPO market. CureFit in talks to raise $25-30 million in fresh funding CureFit’s existing investors Accel Partners, IDG Ventures, Kalaari Capital will participate in the funding round, which may also see at least one new investor Carlyle Group merges growth, buyout verticals in India The merger of growth and buyout investment departments is part of Carlyle Group’s efforts to streamline India operations and focus on more buyout transactions Cigna to increase stake to 49% in TTK JV Following the transaction, TTK will own 51% stake. TTK is in the process of selling its stake partially or completely in the business. Mutual funds’ cash level at five-month high as fund managers turn cautious Cash levels as a percentage of mutual funds’ domestic equity portfolios rose to 5.6% at the end of July Japan’s Mitsui OSK Lines eyes 11% stake in Swan LNG project Besides Mitsui OSK Lines, Gujarat Maritime Board and Gujarat State Petronet are also planning to buy another 15% and 11% stake, respectively in Swan LNG India-focussed offshore equity funds continue to entice investors India-focussed offshore funds and ETFs witnessed healthy inflows in the April-June qua PSUs' overwhelming presence holding back Indian economy: Ruchir Sharma Sharma said the public sector's share in India's banking industry is two-thirds, which is way above the average of one-third in EMs. Thyssenkrupp says it has no timeline on Tata Steel joint venture deal Thyssenkrupp’s statement comes after a German daily reported that said no decision would be made until at least 8 September following a deal regarding Tata Steel’s UK pension liabilities Now, 125 vehicles to deliver vegetables at consumer doorstep in Mumbai Maharshtra Chief Minister Devendra Fadnavis has launched a project "Farmer market on wheel - Namo Yuva Rojgar Kendra", an initiative to supply agri produce primarily vegetables and fruits on the move vehicles at consumers' doorstep. Farmers need Aditya Birla Fashion bags exclusive rights to sell American Eagle products Aditya Birla Fashion and Retail Ltd (ABFRL) today said it has acquired exclusive right Vodafone seeks government relief to face Jio's 4G phone freebies Vodafones adjusted gross revenue from services has declined continuously and recorded a sequential drop of 3.41% in quarter ended June. Reliance Jio may offer part refund for 4G feature phones before 3-year lock-in Through the 4G device, Jio is targeting 500mn Indians who are still on 2G/3G feature phones, using primarily voice services and havent moved to a smartphone. Trai data shows increases in the number of telephone and mobile subscribers in India TRAI data shows, the number of telephone subscribers in India increased from 1,204.98 million at the end of May 2017 to 1,210.84 million at the end of June. 'Renaissance Man of telecom' This is only the sixth time in the society’s almost half century history that the award has been given. Nokia 5 smartphone to go on sale from August 15: All you need to know Nokia 5 will be available for sale in offline retail in India from August 15, which is tomorrow. The Nokia phones by HMD Global were announced in June 2017, but pre-bookings for the device had opened in July. The price is Rs 12,499. AI, automation to be next disruptions for Indian businesses: Report The report said key investments will be in innovation in the fields of energy, transportation and manufacturing, among others. Defence Canteen to Debut Online Before Diwali The Army’s canteen has a customer base of 1.2 crore defence personnel. Tata Global Beverages to launch Himalayan water brand in US Shares of Tata Global Beverages soared 9% on Wednesday after the Tata Group company announced plans to launch its premium natural mineral water brand Himalayan in the US market. Pre-GST sales impact subdue FMCG cos performance in Q1: Experts Top FMCG players, including Hindustan Unilever, Dabur, Marico and Emami would have performed much better in first quarter had sales not been impacted by de-stocking ahead of GST implementation, according to industry experts. According to a PTI report: While HUL reported a 9.28 per cent increase in its first quarter net profit at Rs 1,283 … Swiggy hungry for more as it eyes bigger bite of India's food-tech pie How did a three-year-old company make such rapid strides in a market where scores of other have tried, tested and failed with their offering? Alibaba to help SMEs expand their business to global markets Addressing a workshop for re-sellers, Alibaba.com Head, Global Supplier Department, Jack Zhang said small businesses were key source of trade and inno.. Paytm Mall lines up Rs 32 crore to onboard 50000 offline sellers Online payments provider to set up a team of 500 experts to address the needs of new retailers 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