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Thursday, August 31, 2017

Aug 31, 2017 - Long-overdue union cabinet reshuffle likely this week

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
While GST is a Welcome Change and in-principle Looks Attractive, SMEs Are Cautiously Optimistic About It... Though It Will Throw Up Many Opportunities, It Will Require More Compliance as Well. More here.

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Long-overdue union cabinet reshuffle likely this week

The cabinet reshuffle may see some members of the JDU and the AIADMK inducted into PM Narendra Modi’s council of ministers

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Here is how Indians are minting a fortune in bitcoins

Several Indian online vendors as well as individuals are investing in crypto currency mining rig machines costing around Rs 3 lakh to mine crypto currencies.

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Consolidation among public sector banks exempted from scrutiny

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Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake

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The inherent challenges of joint ventures in India

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RIL to raise Rs2,500 crore via debentures

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Government sells 7% in NTPC to raise Rs 9,100 crore

The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.

Bird Group shows interest in Air India's ground handling subsidiary

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CDC Group sells part of Ujjivan Financial Services stake

CDC Group sold a total of 5.9 million shares of Ujjivan Financial Services, bringing down its shareholding in the company to 1.91% from 6.84%

Investor plaint on brokers: Sebi disposes of case against NSE

Sebi had issued a show-cause notice to the NSE in November 2015 in respect of non-compliance of its directions.

Analysts do not see more FPI pullout going forward

Overseas investors have so far pulled out a massive USD 2 billion from equities this month.

Congress uses RBI demonetisation data to take on Modi government

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Ess Kay Fincorp looks to raise Rs 100 crore from private equity investors

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Anxiety for PPI players remain as RBI does not announce a time frame for final guidelines

Reserve Bank of India has said that two crucial decisions on digital payments will be released next year without giving the timeframe.

MFs tapping retail savings on slashed bank savings deposits rates: ICRA

Last month, State Bank of India reduced it's interest rates by 50 basis points to 3.5 per cent for savings deposits of less than Rs one crore.

Mutual funds are allowed to use derivative options only to hedge cash positions

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Jaypee Infra deposit holders can file claims as ‘creditors’

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Madhya Pradesh basmati claims spark protest, exporters, farmers call it unjustified

Indian farmers and traders enjoying premium in the world basmati rice markets due to the geographical indication (GI) status of the aromatic, long-grained cereal have come up against Madhya Pradesh’s “unjustified bid” to partake in the success.

Find out how Flipkart ensures quality of its private label products

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30% of consumers didn't pay service charge after GST kicked in, finds poll

While 21% of the respondents said the eateries did not even mention the charge in the bill, 9% got the amount removed from the bill, according to the survey conducted by online social media platform LocalCircles covering 8,500 respondents in August.

Parle Agro banks on aerated fruit drinks to drive growth

Parle Agro joint MD Nadia Chauhan says will leverage the success of Frooti Fizz to expand the aerated fruit drinks market to Rs4,000 crore in the next 5-8 years

Brand licensing industry sees opportunity for growth in India

The brand licensing industry, now in its ‘nascent stage’ in India, is set to grow manifold in the foreseeable future with rising brand consciousness among consumers and higher penetration of modern retail and e-commerce, industry experts said. “The owners of intellectual properties (IPs), including major cartoon, entertainment and corporate brands, are keen to enter the …

Tata's Amalgamated Plantations plans to launch own tea label

Amalgamated Plantations is looking to launch its own label to market tea as it struggles to stay afloat as a pure play plantation company

Former Expedia chief Dara Khosrowshahi is Uber's new CEO

Khosrowshahi last served as the chief executive of online travel firm Expedia since 2005

Former Marketing Head Of Practo, Premanshu Singh Joins Coverfox As New CEO, online insurance marketplace, has announced the appointment of Premanshu Singh as the Chief Executive Officer (CEO) of the company.

Amazon strengthens hold in metros while Flipkart chases after Tier II cites in India

The battle of India's e-commerce giants continued. Amazon has strengthened its position in metros. While Flipkart has seen a decline in sales in 2017.

Craze for e-wallets isn't big enough to revolutionise cashless shopping. Find out why

Lack of interoperability, inadequate smartphone penetration pan-India, and unviability/unwillingness of use for most merchants and consumers are the primary causes for the subdued growth of e-wallets in the country.

Juicy Couture watches debut in India exclusively with Amazon Fashion

The entire range of over 100 Juicy Couture watches will be available for one-day or two-day guaranteed delivery through Amazon's membership program Pr..

Flipkart: Ten years on, here's what flipped the fate of Flipkart

Its unique approach has enabled it to tick off significant milestones in its decade-long journey - be it cinching critical partnerships or securing massive round of investments from global behemoths.

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