Sep 21, 2017 - Pension crisis looms for India as workers shun sunset savings

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Sree Vijaykumar From the Editor's Desk Honesty is underrated! Kids are underrated, because they are honest. We need to pay more attention to them! I watched the movie Sully last night, with my kids, and I think it's an underrated movie. A pilot can be an airplane employee or he/she can also be someone responsible for millions of lives over the years (as captain Sullenberger believes he has been). It's all perspective! What is life without some passion, some responsibility, some perspective! Bring your best to your job, bring some meaning to it and watch yourself transform from employee to superhero! 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). Pension crisis looms for India as workers shun sunset savings Very few of the nations workers are saving for retirement. That leaves Asias third-largest economy sitting on a "ticking pension time bomb". 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. L&T looks to North Africa to offset hydrocarbon slip at home Company sees improvement in investments taking 12 more months. Banks likely to reject Essar Steel's demand for working cap loans Lenders may say no as they are easing other monetary restrictions imposed on the firm. Bankruptcy law a timely initiative on bad loans: Jaspal Bindra, Centrum Group Black money may not have got extinguished as it came back as bank deposits. But there is now less currency in informal sector. Shell companies: Omar Abdullah, Mohanlal in the list of disqualified directors As part of its crackdown against shell cos, govt had cancelled the registration of around 200,000 and restricted bank account operations of such firms. SBI to hire merchant banker for sale of non-core assets SBI, as part of its non-core asset sale, may pare stake in stock exchanges, depositories, credit rating agencies to grow its capital base RBI to regulate peer-to-peer lending firms All P2P loan platforms will be treated as NBFCs and will be brought under the ambit of RBI, says a government notification Bitcoin is likely to split again in November Bitcoin is likely to splinter off again, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace Who knew healthcare was so complex The government is right about the private sector’s role in healthcare but a simple PPP model isn’t the solution Is FDI the new engine of growth? FDI from private equity funds has largely financed e-commerce firms, driving import-led consumption boom After HDFC Bank, Yes says no to 2500 jobs after citing redundancy, poor performance and digitisation The reduction in Yes Banks 21,000-strong workforce marks the second recent cut in Indias private-sector banking space, after HDFC Bank. Cheque books of six SBI subsidiaries to be invalid from Sept 30 Earlier in April, these banks had merged with State Bank of India which put SBI among the top 50 banks in the world SBI iron lady tells investors to pay premium for banking with the poor Investors must rethink as to what they are going to give a premium on, says Bhattacharya Pepperfry launches furniture rental service in 5 cities, including Delhi, Mumbai Hindustan Times Online furniture retailer Pepperfry on Wednesday said it has launched a rental service in select cities, including Delhi, Gurgaon, Mumbai, Bangalore and Pune. Customers can rent furniture across categories like beds, sofas and wardrobes, among others ...sp; JioPhone will not be delivered from September 21, now delayed to October 1 Not only Jio halted the pre-orders due to heavy demand, it also pushed the delivery date for the phone to September 21. The JioPhone will now be delivered to people who have pre-booked it from October 1. Organised retailers far short of initial estimates of growth, says report The opportunity is based on the fact that India has 17% of world population and 3% of global consumption with per capita income quadrupling over the last 15 years to $1,600 and consumption being driven beyond the metros. Future Retail may buy Hypercity from Shoppers Stop – a win-win for both After taking over four regional retail brands (Bharat Retail and Big Apple in north India, Heritage Fresh and Nilgiris in south India) to strengthen its store network in the past, the Kishore Biyani-led conglomerate Future Group has set its eyes on the prospect of acquiring Hypercity. Best way to play FMCG is via organised food companies We spoke to channel partners pan-India to understand on-ground situation post rollout of GST. ITC targets Rs65,000 crore revenue from packaged foods division by 2030 ITC has set an internal target of generating Rs65,000 crore from packaged foods by 2030 to reach its goal of Rs1-trillion revenue from its non-cigarette business Coca-Cola banks on local products to boost double-digit growth It's also experimenting with a profitable model of low-volume locally made beverages Coca-cola India plans to add local tinge to its products Aiming mega expansion, the Cocacola India intends to add local tinge to its products so that consumers can relate it with their taste and culture. FMCG shows initial signs of post-GST recovery A recovering trade situation signals a pick-up in primary sales growth in the September quarter Great Indian Festival Sale: Amazon to offer deep discounts on food and grocery Essentials like flour, oil and sugar would have added offers for customers. Food companies to standardize date labels Simplified and consistent date labeling will help companies halve food waste by 2025, said Peter Freedman, managing director of the Consumer Goods Forum. Fashion e-commerce firm Jaypore plans offline expansion While USD 5 million round was announced in February last year, Jaypore raised another USD 3 million in October. Tata Cliq starts 'Cliq clock' sale Tata Cliq is offering upto 80 percent discount on leading brands across categories during the sale period. ShopClues joins festive sale league, launches Maha Bharat Diwali Sale ShopClues customers can also look forward to a Diwali Flea Market which will be open for customers from October 7 to October 10,2017. Indian brands need to up the game in omni-channel Omni-channel is not just a method for fledging department stores to re-invent themselves and fight against the burgeoning marketplace dominance. On the contrary, physical stores are still in vogue and even pure play e-commerce players are understanding its true value. The immense success of Myntra’s Roadster is a classic example of this phenomenon. Paytm Mall doles out Rs 200 cr freebies for Mera Cashback sale The company has previously said that it has allocated more than Rs 500 crore in assured cashbacks during the four day mega sale event where it is work.. E-commerce battle to heat up with top players offering up to 90% sale from tomorrow Starting tomorrow, consumers will be spoilt for choice between dynamite deals and a cracker of a discount on Flipkart, Amazon India and Paytm Mall. 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