Feb 11, 2016 - Sensex below 24,000 as rout deepens

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Sree Vijaykumar From the Editor's Desk So, if you are famous and influential like Marc Andreessen and use as public a medium as Twitter to vent your frustration at Facebook (whose board you sit on) not getting its way in India, you've got to be careful in not letting your outdated white-privileged views come out. The issue of keeping 'Free Basics' out is a complex one and Facebook's failure is as much a PR disaster (Rs 300 cr spent on lobbying doesn't inspire trust in your 'social mission' to connect everyone) as it was a lack of empathy (we may be poor, but we don't need your data prescription). Give us free internet, we'll take it and probably use Facebook as well; but don't give us your distorted view of what we need (no Google, but yes Babajobs, a portal for blue collar jobs) - Comment Sensex below 24,000 as rout deepens Sensex at lowest level in 21 months as overseas market volatility, concerns over the health of public sector banks prompt sell-off by investors Complimentary Report : Omni-channel marketing-Do you understand the fundamental shifts that have changed the marketing landscape? Marketers that proactively influence the customer experience across channels and use marketing technologies significantly outperform those that do not. Home sales improve 7% in December quarter across top eight Indian cities Across the top cities, total new launches in the quarter decreased 11% to 67.1 million sq ft with Bengaluru witnessing the highest addition of 15.8 million sq ft. Reliance Infra in talks to sell road assets portfolio The group has been selling its assets across companies in an attempt to cut debt even as it expands its focus on the manufacture of defence equipment Enthralled by opportunity in India Safra A. Catz, chief executive officer of the $40 billion Oracle Corp, spoke about Oracle’s vision around the cloud, Internet of Things and Digital India HSBC sued over drug cartel murders after laundering probe The lawsuit brings fresh scrutiny to the Mexican activities of HSBC, which in 2012 paid $1.9 billion to resolve a criminal investigation Investors make only partial exits through IPOs Despite a flood of IPOs in 2015, most investors chose to retain their stakes in investee firms as they hoped to make better returns in futureEven as there has been a rush for private equity (PE)-backed initial public offerings (IPOs), these India should prepare its cadre for the blue economy It is time to start training a diplomatic cadre to operationalise 'blue diplomacy'. Credit quality worries hit bank bond issues Banks rated AA and below have been the worst affected as investors are fearing a rating downgrade India, Australia agree to strengthen energy ties India and Australia today agreed on enhancing cooperation in clean coal technology, renewable power and LNG in a bid to meet the burgeoning demand for cheap and environment-friendly energy in one of the fastest growing emerging economies. India staring at banking crisis; bankruptcy law crucial: Sanger Arvind Sanger of Geosphere Capital Management says the woes of the banking sector need to be dealt with comprehensively. According to him, the bankruptcy law is crucial for banks to recover.. Explained in 5 charts: How Indian banks' big NPA problem evolved over years For years, Indian lenders, especially state-run banks, were engaged in volume game to balloon their balance sheets and appease their promoter (the government). Consumers in India extremely optimistic: MasterCard Though the Index slipped by 2.9 points to 90.2 points, it was still above 90 points calculated for the extremely optimistic rating for India. Deflation or inflation? Take your pick While inflation according to GVA deflator is expected to come down in the March quarter, GDP deflator indicates it’ll go up to 2.2% from 1.8% in the December quarter Can PSU banks be a multibagger opportunity for stock investors? Among sectoral indices, the BSE Banking, Auto, Capital Goods and Pharma indices are shed over 1% each. The INDIA VIX is up 4.22% at 22.6450. Global turmoil battering market, govt taking measures: Finance Ministry Finance Ministry on Wednesday attributed the fall is domestic equities to turmoil in global economy and said the government is taking measures to address the challenges. How many Indian CEOs have an MBA? There are 322 firms whose CEOs are not MBAs and it is evident that a B-school background may not be necessary to rise to the top — even in the case of professional managers Oyo Rooms has acquired Zo Rooms: SoftBank The deal concluded after Zo Rooms, run by Zostel Hospitality, could not convince investors to put up fresh funds Facts dispute claims by banks: write-off gallops, recovery crawls In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs did not mean all was lost. How Zuckerberg got the blues Success has many parents. And now that the Save the Internet campaign has got a happy ending, there is no doubt that many will clamour for a share of the credit. And they would not be wrong, for it wa Titan Eyeplus plans overseas and digital foray Titan Eyeplus is planning overseas foray, initially to Sri Lanka and Bangladesh, besides exploring to tap the digital platform to expand its footprint. Modi's 'Startup India, Standup India' May Look Dicey As Ecommerce Startups Losses Grew To 293% Techstory Modi's 'Startup India, Standup India' May Look Dicey As Ecommerce Startups Losses Grew To 293%Techstory10 February, 2016, India: Recently blown away with the startup business, Government of India launched its campaign 'Startup India, Standup India' to support startup sector of the country under the leadership of Narendra Modi. But after seeing the ...articles  Bata Q3 net profit up 28% at Rs 44.56 crore Net sales rose to Rs 617.22 crore for the third quarter, up 15 per cent, compared with Rs 536.72 crore in the same period a year ago, Bata India said in a regulatory filing. Why allow FDI only in marketplace e-comm? Need of the hour is to open up retail sector If there is consensus and the marketplace model is actually allowed 100 percent FDI, this will address just one pain point in the retail industry Mark Zuckerberg chides board member over 'deeply upsetting' India comments The Facebook board member lashed out with a poor-taste tweet that appeared to back colonialism, following India’s decision to ban Facebook’s limited free mobile internet Facebook board member's 'colonial' Tweet draws India's ire Facebook Free Basics faced a blow in India. Mark Zuckerberg and Marc Andresseen looks highly disappointed. Why so much hue and cry for India ? Searches related to online protection growing in India: Google Google India, which has rolled out new features and resources to protect users online, said India is adding five million new users every month and is .. Artificial Intelligence is hot, but not in India: Study At a time when the global technology giants are set to leverage the benefits of AI for your daily lives, India seems to be reluctant to get on to this.. Telecom operator Telenor India's Q4 operating loss widens to Rs 460 crore The telco’s revenue however increased at NOK 1436 million in the quarter, compared with NOK 1187 million a year earlier. Full year revenue stood at.. India: Telecom consolidation raises worries for tower firms With telecom industry expected to see consolidation along with new spectrum trading rules, outlook dim for tower sector, say analysts. Telenor CEO Sigve Brekke says India strategy hinges on mobile frequency price Telenor will reconsider its India strategy if buying more frequencies in the country becomes unaffordable, Chief Executive Sigve Brekke said. Top business houses in India looking to invest in startups A wave of Indian family offices are lining up to invest in domestic startups, highlighting the growing attractiveness of the new economy ventures. Facebook is getting into big trouble with two major countries Governments are questioning whether the social network is truly free. 5 reasons why 4G is not able to excite mobile users in India All of Facebook's clout, advertising blitzkrieg and social media shenanigans failed. Offline to online: Paytm now allows mobile, appliances retailers to sell on ecommerce platform Paytm is tying up with mobile and large appliance retailers to list their brick-and-mortar stores on its ecommerce platform as part of its omni-channel strategy. 93% Indian retailers likely to adopt new technology like digital wallets: AT Kearney RAI Report An AT Kearney and RAI report reveals that about 93% of Indian retailers are likely to adopt new technologies like the digital wallet. NCR's Cybercity, Bengaluru's Koramangla see 10% rise in rentals due to growing demand from startups The demand from e-commerce is generally directed towards quality Grade A spaces which provide large floor plates SpiceJet plans to benefit from ecommerce boom with big cargo push; plans to buy 100 mini trucks and open as many as 40 warehouses across the country SpiceJet has readied plans to cash in on the ecommerce boom, as the nofrills carrier looks for new streams of revenue after a near-death experience more than a year ago. Amazon India will not refund smartphone purchases, to offer free replacements instead Amazon India has made a few changes in its Return Policy on purchase of smartphones. Henceforth, buyers will no longer receive straight-cut refunds on purchases on or after February 7. Cognizant rings alarm bell : Poor forecast clouds over Nasscom meet Nasscoms annual event in Mumbai is typically a cheery place. But the weak guidance and Cognizants catastrophic commentary on expected growth. Nasscom Foundation to award Rs. 70 lakh grant to social enterprises and NGOs The NASSCOM Forum honoured 10 social enterprises and NGOs that will receive a grant of Rs. 70 lakh and industry-led mentoring through the NASSCOM Foundation. 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