Nov 24, 2015 - India Inc sees green shoots in economy

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Sree Vijaykumar From the Editor's Desk Think of your online information consumption in much the same way as you think about food. As Winfred Gallagher argues in his book 'New', a healthy information diet requires the self-control necessary to focus on the nutritious new things that have long-term value and ignore the junk that compromises our mental and emotional fitness. Empty Internet calories can play havoc with your information metabolism and interfere with your ability to think, but like greasy fries and supersized sodas, the bad stuff doesn't force itself on us. We need discipline and better taste. - Comment Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans NBFC-AFCs body for I-T exemptions at par with banks FIDC has asked the Ministry to extend the benefit of I-T Act's section 43D that recognises income on NPAs during the year of receipt. CARE Hospitals sale stuck over valuations Only TPG-Temasek is left in the fray but Advent is yet to decide on going ahead because the offer from the consortium is lower than it had anticipated Are you getting paid enough? If not, it’s a good time to ask for that raise now The ‘Michael Page India Employee Intentions’ report includes key insights into employee preferences for attraction and retention, salary expectations Supreme Court asks Vodafone to pay govt just Rs2,000 crore for merger Supreme Court decision on dues and demands brings telecom operator a step closer to listing on the stock exchanges Govt taking steps to relieve stress in PSU banks: Arun Jaitley Arun Jaitley says government is closely monitoring a few banks that have seen a spike in NPAs Finance ministry invites seven merchant bankers to make presentation of Coal India stake sale "The financial bids will be opened immediately after the process is complete and the Department of Divestment will select the merchant banker." Qatar to waive $1 billion penalty on India for lower gas offtake RasGas of Qatar has agreed to not to press for the $1 billion in penalty that Petronet, has to pay for buying only 68% of the contracted 7.5 million tonnes of LNG this year Bupa to raise stake to 49% in Max Bupa for Rs 191 crore Bupa will pay around Rs 191 crore to Max India in an all cash transaction, to increase its stake in Max Bupa from 26% to 49%. We will have another credit score using social media data Crif High Mark Credit Information Services’ Kalpana P. Pandey says of late, awareness about credit reports and credit scores for individuals has increased The need for unifying agricultural markets A unified market will bring uniformity in prices across states Lenders to acquire 51% stake in Gammon India by strategic debt restructuring The move is prompted due to companys inability to meet its financial obligations, said two senior officials familiar with the development. Five questions FM Arun Jaitley may ask public sector bankers today Five questions FM Arun Jaitley may ask public sector bankers today - Finance Minister Arun Jaitley is slated to meet with public sector bankers on Monday for a review of their performance so far. According to reports, the status of bad loans and the upcoming monetary policy review by the Reserve Bank of India are likely to be the top agenda of the meeting.  Tata Capital's private equity unit to raise $350 million fund in 2016 The fundraising will be launched in the first half of 2016, and managing partner Akhil Awasthi expects to raise $200 million to mark the first close by middle of next year Why the government’s gold scheme did not work Investors are postponing their investment-based purchases in the yellow metal because of lower yields Bajaj Electricals to merge Hind Lamps’ manufacturing business with itself Hind Lamps is one of the vendors for Bajaj Electricals, and supplies products under the Bajaj Electricals brand name Pfizer to buy Allergan in $160 billion deal The complex deal, the biggest ever in the healthcare sector, will allow Pfizer to shift its legal base to Ireland in a so-called “inversion” that would reduce its tax rate Canada’s CPPIB to commit $500 million for Kotak Mahindra Bank’s stressed asset fund CPPIB is expected to commit $500 million to the fund which will provide short-term financial support to debt-laden companies, sources confirmed. Tata Starbucks generates total revenue of Rs 171.2 crore; jumps 80% Tata Starbucks, a joint venture between Starbucks and Tata Global Beverages, generated total revenue of Rs 171.2 crore in the year ended March 2015. Services startup biggies like UrbanClap, Sulekha now scout for smaller companies Well-funded cos are actively scouting to buy smaller startups that provide services of photographers, event planners, handymen, beauticians. Birla's house of fashion One of the country's oldest business groups is targeting young online shoppers, but can Abof take on the big boys of e-commerce? Mobile data revenue to nearly treble to $14 bln in next 2 years: CLSA Mobile data revenue is slated to nearly “treble to $14 billion” in the next two years as Bharti Airtel, Vodafone India and Idea Cellular focus on 4G services. Hyperlocal logistics startup Grab close to raising $10M more The firm has recently raised fresh funding from Sixth Sense Ventures. Tuning the Digital India dream This article is not for telecom technologists and experts, it is primarily for government policy-makers, regulators and laymen, and identifies the main reason for the poor performance of the ambitious Digital India initiative. Mobile users flood TRAI with service, no. portability pleas Between 2012 and 2014, the regulatory body received nearly 32,400 complaints against mobile service providers; Airtel leads the pack with 7,916 complaints. Low spending users, special 4G handsets hurdle for Reliance Jio: CLSA The much-awaited 4G service of Reliance Jio Infocomm may face hurdle in attracting customers due to low average spend by them. Telecom Firms Add 63 Lakh GSM Subscribers in October Telecom companies add 63 lakh GSM subscribers in October to reach 73.94 crore - The GSM mobile subscribers' base in the country increased by 63 lakh in October to reach 73.94 crore, industry body C... • Samsung has emerged as the biggest 4G player in India with its popular sub ... Smartphone shipments in India jumped 21.4% in the July-September quarter to 28.3 million units, buoyed by a three-fold jump in demand for 4G-enabled devices. Intex pips Micromax as India's No. 1 mobile handset brand The rule of Micromax over the Indian smartphone market might end soon. Intex defeated Micromax to become the leading domestic handset vendor in the country Falling 4G device prices to trigger consumer demand for 4G services: Amit Marwah Amit Marwah, head of technology for India region at Nokia, said growth for companies in the sector will be driven by growth in the consumption of data. Telecom Ministry issues notice to BSNL, MTNL, India Post over service quality Telecom Ministry issues notice to BSNL, MTNL, India Post over service quality - The Minister has asked BSNL and other concerns to use the social media, following which it held a workshop for officers in-charge of public grievance redressal in each telecom circle. On top of that, BSNL has appointed an agency to look into issues raised by subscribers on social media sites. Mobile is driving India Internet boom India is set to overtake the US in its Internet usage base. Google Nexus 6P users complaining of poor call quality: report Google Huawei Nexus 6P users have complained about poor call quality, and muffled voice when using the phone Paytm ropes in Myntra's Abhishek Rajan to head travel unit Rajan, an IIM- Ahmedabad alum, and who, till recently, led Flipkart-owned Myntras mobile business, will join Paytm as vice president this week itself. Sebi may soon allow ecommerce companies to sell mutual funds online Details are still being worked out, but Sebi is likely to allow the sale of only balanced and exchange-traded funds on the ecommerce platforms initially. Warburg Pincus raises new $12 billion global fund The new global pool also comes at a time when the PE firm has been stepping up investments in India, leading seven deals worth over $1 billion or Rs 6,500 crore since October 2014. Meet The Three Startups That Won The Delhi Leg Of 1776 Challenge Cup Inc42 Magazine (press release) (blog)Inc42 Magazine (press release) (blog)Lenin Srinivasan of Maxx Market also shared his views with us, he said, We came all the way from Chennai in train to participate in this 1776 challenge cup. Throughout our three-day train journey, we were afraid about our participation Gionee Marathon M5 could be a Flipkart exclusive: Specifications, features - Gionee is hosting an event tomorrow where it is expected to launch the Marathon M5. While the price and availability details are currently under … Delhi government tells ecommerce companies to file returns by month end The Delhi government has given time till November end for ecommerce companies to start filing mandatory quarterly returns. E-Commerce Startups Scout for Artisans at IITF - BANGALORE: The India International Trade Fair (IITF), which attracts thousands of participants from all across the... LG Nexus 5X price slashed on Flipkart, Amazon India, Snapdeal: Report Google Nexus 5X goes with a Price Cut. 16GB variant is now priced at Rs 25,249 on Flipkart & at Rs 25,900 on Amazon which was originally priced at Rs 31,990 Ex-Yahoo! veterans want to make online shopping collaborative with ShopInSync E-commerce platforms have made shopping more convenient, but the ease of shopping online has led to other problems like impulse buys and buyer’s remorse, e 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