Sep 14, 2017 - Matrimony IPO receives good response from investors

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Sree Vijaykumar From the Editor's Desk Silicon Valley loves coming in and wreaking havoc on traditional industries. But something weird is going on in the textbook industry: It's disrupting itself. For a while, Pearson had been offering digital versions of textbooks that were simply the same book, just in electronic form. Its new products are markedly different. Instead of buying a book, students pay for a semester-long subscription to software that can be consumed on any device - consumed, not read. The new textbook has fewer words, more interactive exercises, videos, and animation - which also means less reading. 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). Matrimony IPO receives good response from investors Issue subscribed 4.44 times 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. Banks shy away from companies facing NCLT action IBC allows resolution professionals to raise 'interim finance' during resolution process. Is bad advice driving India's irrepressible bulls? Unless investors go into an emerging market like India with their eyes open, with the right advice and with caution, they’re setting themselves up to get burned Kerala plans Rs 500-crore fund-of-funds for state-based startups Venture capital funds supported by KSUM will have to invest in Kerala-based startups double the proportion of the funds committed by the state government. CBDT chief Sushil Chandra: We are better placed to nab tax evaders CBDT chairman Sushil Chandra says Project Insight, which uses big data and data analytics to check income tax evasion, is ready and will be launched shortly SachinTendulkar-backed Smaaash raises Rs280 crore Edelweiss Group’s NBFC ECL Finance has invested Rs258 crore through debt in Smaaash Entertainment while the promoters have put in Rs22 crore via equity SBI sets up team to track loan default resolutions SBI has set up a team of experts to deal with at least 32 loan defaulters and a few of them have already been referred to insolvency courts Religare institutional shareholders move court seeking ouster of board Religare institutional shareholders have sought ouster of the company board on grounds of mismanagement and oppression of minority shareholders. Edelweiss ARC complains against IRP in Synergies Dooray case Edelweiss ARC has filed a complaint at the Insolvency and Bankruptcy Board of India against resolution professional Mamta Binani in the Synergies Dooray case Why inclusive growth is indispensable to India With 80% of the labour force stuck in informal employment, it is not surprising that the Indian economy is performing far below its true potential Air India plans to take Rs3,250 crore loans for ‘urgent’ capital needs Air India is looking to raise Rs3,250 crore in the first phase to meet its urgent working capital requirements by 25 September 2017 India's 1.55 lakh post offices to offer payments bank service India Post Payments Bank CEO A.P. Singh says the bank is gearing up to provide its financial services through all of the post offices and 3 lakh employees by the end of 2018 Bitcoin slides on ‘fraud’ warning from JPMorgan CEO Jamie Dimon Bitcoin slid by more than 10%, as investors sold the cryptocurrency after a warning by JPMorgan CEO Jamie Dimon that it ‘is a fraud’ and will eventually ‘blow up’ BPCL eyes GAIL, Oil India for merger State-owned company’s ambition is to figure among top-25 global energy firms, says chairman India, Japan may step up nuclear cooperation in non-energy areas The official, however, said there are little chances of an agreement to procure equipment from Japan for building nuclear power plants in the country. Sebi asks bourses and clearing corporations to frame new outsourcing policy Sebi says stock exchanges and clearing corporations often take help of third-party service providers to carry out certain processes and therefore, they must formulate an outsourcing policy Shell companies: Auditors under lens amid crackdown on black money A clampdown has begun on shell companies to tackle the black money menace wherein the role of auditors has come under the scanner for alleged connivance in facilitating illegal transactions India needs regulatory reforms to tackle data fraud: UN Finance Minister Arun Jaitley today said Aadhar has been an important leap forward for the country even as he pitched for Prime Minister Narendra Modi's demonetisation decision. The gains from the Gorgon LNG contract renegotiation Renegotiation of Gorgon LNG makes sense considering that global LNG markets are in a glut, thus putting downward pressure on spot LNG prices Rupee optimism holds as shock India slump worries economists Slowdown in India’s growth has economists rushing to cut estimates for year-end, but the median rupee forecast for end-March is rising in September for a sixth straight month BPCL to invest Rs 1.08 trillion in 5 years, to focus on petrochemicals segment BPCL to invest Rs1.08 trillion over next five years to expand operations across its business segments, says chairman and MD D. Rajkumar PremjiInvest may acquire 10-15% stake in Wildcraft India The family investment arm of Wipro’s chairman Azim Premji is looking to invest Rs 100 crore in the Bengaluru-based outdoor and adventure product company. Finova Capital raises series-A funding from Sequoia Finova focuses on providing small ticket loans to micro, small and medium enterprises in tier-II and tier-III cities and rural regions in India. The increasing share of financial stocks in the Indian equity market Between private sector banks and NBFCs, analysts find the latter better placed given their focus on retail lending Croma to rebrand Zip stores; pilots neighbourhood outlets in Delhi New concept store to cater to ‘leisurely’ shoppers; plans to explore smaller markets Italian gelato maker aims to tickle taste buds of Chennai's ice-cream lovers Puducherry-based Gelato Factory plans expansion Sixth Sense Ventures in talks to buy stake in Veeba Food Services The stake sale to Sixth Sense Ventures would value Veeba Food Services at over $100 million, or about Rs650 crore Nestle goes the ‘Milky’ way, brings down sugar content in milkybar The percentage of milk in the reformulation has increased by 8 per cent to one-third of the chocolate bar, which helped reduce sugar by 10 per cent, said Nikhil Chand, GM at Nestle India. Rice basmati edges up on scattered demand | Zee Business Rice basmati prices edged higher by Rs 50 per quintal at the wholesale grains market today on mild demand from retailers and stockists. However, bajra and maize weakened owing to reduced offtake by consuming industries. Traders said some demand from retailers and stockists against restricted supplies from producing belts,mainly led to the rise in rice basmati prices. In the national capital, rice basmati Pusa-1121 variety edged up by Rs 50 to Rs 5,550-5,600 per quintal. Assam Floods: Ramdev's Patanjali Allegedly Distributes Expired Food Products As Relief According to local TV channels, people have accused Patanjali of distributing old milk powder and juice packets. Some products expired in October last year. Amul starts third party unit in Guwahati, launches pouch milk GCMMF has launched its pouch milk in Guwahati. Initially it plans to sell around 30,000 litres milk per day. Guwahati unit has producing facility of one lakh litres milk per day. Vegetable, fruit prices to be on the rise over weak supply, crop damage Vegetables and fruit have become costlier in select wholesale and retail markets since August, due to weak supply following incessant rain and worry of crop damage in major producing centres. Data compiled by the government-owned National McDonald's asks suppliers not to deal with CPRL McDonald's India Pvt Ltd (MIPL) had last month terminated franchise licence of 169 outlets operated by Connaught Plaza Restaurants Ltd (CPRL) in north and east India. Marico names VML India digital creative agency for Parachute The mandate won includes digital activation for the brands in the Parachute Advansed Hair Oil portfolio Patanjali Ayurved reappears in weekly top 10 advertisers' list BENGALURU: Baba Ramdev has been taking on the might of the existing biggies in the Indian FMCG and related spaces right from the launch of his company Patanjali Ayurved Limited. He has been the face of many of the communications of his company cautioning Indians about the second East India Company, speaking of the benefits of his products, conveying messages by featuring as a brand ambassador of his company through television and other advertisements. EU Ban Basmati Imports Indian Consumer To Get Premium Basmati Basmati rice is India’s preferred domestic variety of rice with the highest standard of texture and aroma, , indian consumers, rice, agriculture, rice imports Gionee A1 now available at Rs 16999: Reliance Jio free data, Paytm cashback, and other deals Gionee has slashed the price of its A1 smartphone in India ahead of festive season, which is now available at Rs 16,999. Gionee A1 was originally launched at Rs 19,999 and the phone gets a price-cut of Rs 3,000. In our review, we said Gionee A1 is a well-packaged smartphone. Amazon.in sale from September 21-24 Amazon.in will be holding its sale -- Great Indian Festival -- from September 21-24, a company statement said here on Wednesday. iPhone X can reinforce consumer loyalty to Apple ecosystem: Expert Apple announced the iPhone 8, iPhone 8 Plus and iPhone X at an event in Cupertino on Tuesday. What does this mean for the brand and its consumers? Well, we spoke to Thomas Husson VP, Principal Analyst - Marketing & Strategy at Forrester Research for his opinion. E-commerce catches up to 'buy now pay later' credits to reward loyal users In cases of non-payment, companies send automated call reminders and emails to users, asking them to pay up. Delinquencies however have been low Foodtech Startup Zomato Acquires Hyperlocal Delivery Startup Runnr Runnr is already efficiently fulfilling 300,000 orders a month - which is just a tad less than 10% of our food ordering volumes. 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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