Sep 1, 2017 - Demonetisation accelerated slowdown, export recovery alone can help: Samiran Chakraborty, Citibank

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Sree Vijaykumar From the Editor's Desk The culmination of a 14-year-long journey that began in December, 2002 ended on 1st July, 2017 with the launch of the GST. Touting it as a game changer the Prime Minister said GST will put India on path of a system that will be transparent, simple and will end India's multiplicity of taxes and the confusion thereof. It is believed that GST will unify the country's USD 2 trillion economy and 1.3 billion people into a common market! More here.. 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 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). Demonetisation accelerated slowdown, export recovery alone can help: Samiran Chakraborty, Citibank “Future expectations still seems to be quite okay given the fact that people are hoping things to improve.” 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. Aditya Birla Capital lists at Rs 250 after demerger with Grasim, cracks 5% Aditya Birla Capital is the holding company of the financial services businesses of the Aditya Birla Group. Most accurate economist sees more pain from Modi's note ban The data will probably bruise Modis administration, which is battling growing perceptions of the futility of its policy after central bank report showed that note ban didnt meet its targets Dilip Buildcon’s asset sale allays rising debt concerns Dilip Buildcon’s strength is in its ability to maintain a stable operating margin of about 18% that is among the best in the industry, in spite of aggressive growth How Nandan Nilekani returned to Infosys Mint Asia chronicles the circumstances that conspired to force the comeback of Infosys co-founder Nandan Nilekani and the challenges he confronts in restoring the company’s lost sheen Sembcorp buys remaining stake in green arm for Rs 1410 crore Sembcorp Industries (Sembcorp) will invest $301 million to increase its stake in a renewable energy business in India.. Read more at straitstimes.com. Indian Bank plans FPO by year end, starts roadshow in Hong Kong Indian Bank plans to raise around Rs1,400 crore from the follow-on public offering (FPO) to strengthen its capital base and reduce government stake SoftBank Vision Fund hopes to make Ola and Uber ride together in India Ola and Uber are currently losing crores every month as they compete for market share and invest in driver incentives and discounts, making profitability a tough goal. Sembcorp to buy out IDFC's stake in Semcorp Green Infra Singapore-based firm will become sole owner of renewable energy player Here is Modi government's next big plan to make India a cash-mukt Bharat Govt may launch a big-ticket campaign on Gandhi Jayanti to announce some of these measures for a cashless economy. Campaign will run till Republic Day. PSB chiefs' selection may be put on hold amid merger push It may also review the performance of bank managing directors with those who dont score too well being asked to improve or quit, said a finance ministry official. N/Core to fund and mentor 10 non-profit start-ups Each of the non-profit start-ups will receive a so-called ‘innovation grant’ of Rs10 lakh and receive mentoring from N/Core’s roster of mentors Under-30s are taking over tech funds, frustrating some founders Young venture capitalists say the phenomenon is a sign that their generation is interested in alternatives to the career paths pursued by their predecessors, such as law and banking The future of the Indian banking industry after a decade of scrupulous control The Indian banking industry is opening up in a big way with the introduction of Payments Bank along with wallet operators entering the non-bank space. Nationalised banks exempted from CCI approval for mergers Nationalised banks exempted from CCI approval for mergers Air India puts employee contract renewals on hold amid privatisation plans All proposals received for the post-retirement engagement of Air India employees and renewal of contracts kept in abeyance till further orders Government still hoping for higher dividend payout from RBI The finance ministry is discussing with RBI the possibility of more government dividend, despite the central bank saying demonetisation had been an unprofitable exercise for it Need supply side solutions to solve the household finance problem in India Indian households rely heavily on gold and real estate, are under-insured, have very little pension corpus build-up, and take home mortgages much later in life Pernod Ricard experiences a low in India due to regulatory headwinds The maker of Absolut vodka and Chivas Regal Scotch attributed the 1% sales growth in one of the worlds youngest nations to the November demonetisation and curbs on liquor sales near highways.   Coca-Cola to cut its Reliance on Coke, pack a fruit punch The share of sparkling beverages — non-alcoholic carbonated drinks — in Coca-Colas global sales narrowed to about 70% from 90% a decade ago as it broadened the portfolio with alternatives.   US consumer spending rises modestly; inflation retreats USA-ECONOMY/ (WRAPUP 2, PIX):WRAPUP 2-U.S. consumer spending rises modestly; inflation retreats   Nestle expects dip in sales growth on account of GST The company said the excise duty has got subsumed in the GST rate post July 1 and will be netted from the sales, which will be higher than the pre-GST regime.   Nestle shuts Swiss skin health products factory NESTLE-FACTORY/CLOSURE:Nestle shuts Swiss skin health products factory   'Sindoor' used in Hindu ceremonies could have unsafe lead levels Of the 118 sindoor samples tested in the study, 95 were from South Asian stores in New Jersey. Another 23 came from stores in Mumbai and New Delhi, in India. Overall, about 80 percent of the samples had at least some lead.   Snapdeal to kick-off 3-day festive sale on September 1 Snapdeal's announcement comes at a time when most ecommerce companies, including Amazon and Flipkart are gearing up for the festive season. Amazon opens huge fulfillment center in Haryana in prep to festive season Spread over in 4 floors with each floor accommodating 150 aisles, Amazon now has close to 3.3 million cubic feet of storage space in Haryana. Paytm Payments Bank in talks to partner full-service banks: CEO Payments banks are niche banks that were allowed by the Reserve Bank of India in a bid to expand access to financial services in Asia's third-largest .. Myntra Fashion Brands turns EBITDA positive This performance puts MFB on a path of double digit EBITDA profitability at scale in the next 18-24 months Amazon partners with Karna govt to help start-ups sell online. Flipkart focuses on larger in-house play for tighter control on inventory "We work with several global brands such as Lenovo, Huawei and Toshiba and follow the same quality control and turnaround time on Flipkart private label products." For GSP, Flipkart ups its paid-up capital to Rs 2.18 crore The ecommerce company aims to use the GSP licence to help its sellers become compliant under the goods and services tax (GST) and offer tax-filing services to them. 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. 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