Sep 6, 2017 - Sebi orders forensic audit on two ‘shell' firms

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Sree Vijaykumar From the Editor's Desk We are spending more time in apps, but doing so roughly in the same apps. We may have reached 'peak' app! If you are planning to launch an app, think again! Apps today are like boutique stores - each one striving to be unique, creative, bespoke, and memorable. And while many of us enjoy the boutique experience, it's pretty clear they are dying while companies like Amazon thrive. Time has simply become too precious for the average person to spend all but a small amount of it outside their routine. During the mobile honeymoon we could justify that time as entertainment value, but the novelty is wearing thin. Apps like Facebook, Instagram, Slack, Twitter, Snapchat, and Messenger will continue to gobble up our time like Walmart gobbled up our local stores. You can try to fight them, but your time is better spent discovering ways to get on their shelves. Ask yourself: do I want to compete against supermarkets, or do I want to become their best selling product?" Building an API may be a better idea than building an app. 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). Sebi orders forensic audit on two ‘shell’ firms Besides ordering a forensic audit, Sebi also barred Kavit's promoters and directors from selling the company shares, though they can purchase the scrips. 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. Record inflows just the beginning for Asia's highest yield debt Rupee and rupiah-denominated bonds lured a record $29 billion of inflows this year. Sequoia Capital invests $6 million in OncoStem Diagnostics At present, the lead product of the company CanAssist-Breast claims to help around 50% of breast cancer patients to avoid severe side-effects of unnecessary chemotherapy, and improve their quality of life Booster shot for ecommerce in India, big money coming back to segment; amount will stagger you Big money is coming back to Indian e-commerce ventures as private equity players and venture capitalists decide to up their bets and support stronger retailers. Why telecom firms are looking for a bailout yet again Faced with a new rival with deep pockets, Reliance Jio, heavily indebted telecom firms, including Airtel, Idea Cellular and Vodafone, are rushing to the government for a bailout package, which the government is considering Zappfresh in talks with Dabur’s Amit Burman, others to raise $5 million Dabur India vice-chairman Amit Burman says he is evaluating the Zappfresh deal but there is no decision yet on the investment Govt eyes Rs2,500 crore from selling 15% stake in NLC India The offer for sale in NLC India is likely to be launched in the second half of September Banks wary as IRPs look to raise funds in insolvency cases Banks are reluctant to allow interim resolution professionals of NPA accounts to raise interim loans from other lender for fear of losing charge over assets Raghuram Rajan: Capitalize banks even if it means cutting outlay elsewhere Rajan was in Chennai to launch his book titled “I do What I do”, published by Harper Business, an imprint of HarperCollins Publishers India Banks start moving on NPA accounts in RBI’s second defaulter list Banks have started work on debt resolution plans and filing insolvency cases against NPA accounts in RBI’s second defaulter list, well ahead of the December deadline Mirae to enter India realty business with $500 million investment Mirae Asset group plans to use the investment to buy commercial leased properties including IT parks, corporate offices and warehouses Is a progressive GST possible? The short answer is no. The long answer then is to focus on correcting the unfairness and skew in goods and services tax (GST), with greater redistribution How Urjit Patel has proved to be a silent yet effective communicator of RBI policies To be fair to Urjit Patel, one would argue that it is extremely difficult for anybody coming after someone like Rajan because of the IMF economists stature. Private equity firms see gold in mid-size Indian IT firms Indian IT firms, especially in the mid-tier segment, have seen a rise of private equity firms taking stake to change their fortunes.While faster technology at mid-size IT services companies have attracted PE firms such as Blackstone, Carlyle, A cashless economy needs robust cyber security capabilities: KPMG India chief The overseas market is noticing the reforms which are taking place in India and also how the government is addressing the areas of concerns, including cyber security, said Arun M. Kumar, Chairman and CEO, KPMG in India. Sebi bars stock broker, 7 others for illegally raising funds Sebi has banned eight entities from the securities market for 10 years in a case where directors of a stock broking firm allegedly garnered Rs1,200 crore illegally from the public Paytm Payments Bank board approves Rs60 crore rights issue for shareholders The board of Paytm Payments Bank has approved a Rs60 crore rights issue for its existing shareholders, including Vijay Shekhar Sharma Govt blocks bank accounts of 200,000 dormant firms The finance ministry has restricted directors of 200,000 dormant firms from accessing companies’s bank accounts, in yet another step to clamp down on black money IFC invests $10 million in Power2SME to lift SME sector IFC has invested $10 million as equity in Power2SME that helps small and medium companies buy raw materials at bulk prices ICICI Lombard gets Sebi go-ahead for Rs6,000 crore IPO Besides ICICI Lombard, General Insurance Corp and New India Assurance Company have also lined up IPO plans and are awaiting Sebi’s go-ahead A banker's job will no longer be slow, steady or stable. This is the reason why The banking industry, which was among the big job creators along with the information technology industry in the past two decades, is at an inflection point. An avid mountaineer wants to take wearables to new heights Conzumex coming up with a smart analog watch with a fitness tracker C2C ecommerce in India takes baby steps as growing number of startups look to organise space The consumer-to-consumer (C2C) e-commerce which is still at a very nascent stage in India is evolving and a growing number of C2C start-ups are trying to provide a technological platform to the resellers with an intention to organise the space. Parle, Manpasand Beverages join hands to share sales network Under the partnership, Manpasand Beverages will have access to Parle's 4.5 mn outlets across India 169 McDonald’s stores stare at closure from today On August 21, McDonald's terminated its agreement with CRPL, and asked the latter to stop using all branding and intellectual property of McDonalds within 15 days. Subway sees 8 per cent rise in sales as McDonald’s outlets close Delhi-NCR saw 43 of 55 McDonalds outlets shut down by June-end, owing to non-renewal of mandatory regulatory health licences. Gurveen Singh to head Reckitt Benckiser's Global HR India-born Gurveen Singh, currently RBs head of HR for developing markets based in Dubai, will succeed Deborah Yates. Reckitt Benckiser gets injunction against Patanjali over TV ad on soaps Patanjali Ayurved’s toilet soap TV ad had allegedly disparaged Reckitt Benckiser’s soap brand Dettol Akshay Kumar to be Kwality's brand ambassador for another 2yrs New Delhi, Sep 5 (PTI) Leading dairy firm Kwality Ltd today said it has renewed contract with Bollywood actor Akshay Kumar as its brand ambassador for the next two years. Guess, which Indian firm has highest earnings per employee! HDFC's salary per employee highest, YES Bank workforce grew 34% in FY17, shows CLSA report HC stops Patanjali ad targeting Hindustan Unilever's soaps The said advertisement plays on names of leading brands like Lux, Pears, Lifebuoy and Dove, indirectly telling consumers to reject “chemical-based soaps” and adopt natural ones. Patanjali has been airing the said advertisement since Saturday. Agriculture, processed food exports up 6% in April-July India’s agricultural and processed food products exports in the first four months of current fiscal rose by more than 6% to Rs 37,013 crore in comparison to a year ago period, indicating a possible revival in scenario. PepsiCo India adopts location-free work to retain talent The location-free global roles identified so far span across functions including HR, global procurement, supply chain research and development. Centre intervenes to check price of onion from escalating 'unreasonably' To discourage speculative and unscrupulous trade activities, Department of Consumer Affairs has enabled the states to impose stock limit on onion. Manpasand Beverages' Mango Sip and Parle G to form an exclusive promotional venture India’s leading manufacturer of biscuits, confectionary, snacks, cakes and rusks, Parle Products, and, the country’s major fruit juice manufacturing company, Manpasand Beverages, have entered into an exclusive tie-up. It is a one of its kind partnership in which the beverage major and the makers of the world’s largest selling biscuit brand, ‘Parle G,’ will create … FMCG, sugar stocks decline | Business Standard News Weakness persisted on the bourses in mid-afternoon trade led by slide in Infosys and HDFC Bank. At 14:25 IST, the barometer index, the S&P BSE Sensex, was down 213.24 points or 0.67% at 31,678.99. The Nifty index was down 72.30 points or 0.72% at 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