Jun 24, 2016 - Early Brexit vote results shake up global markets

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Sree Vijaykumar From the Editor's Desk Having lived for a year in Colombia, it's great to hear that peace in that beautiful country may be here to stay. Colombia's government and leftist FARC rebels said on Wednesday they had agreed to end hostilities with a definitive ceasefire that leaves the two sides just a step away from resolving the longest-running conflict in the Western Hemisphere. After more than three years of fraught talks in Havana, the agreement brings into sight an end to a conflict that began as a 1960s peasant revolt before exploding into a cocaine-fueled war that has killed at least 220,000 people and displaced millions. Full story here. Also, watch a BBC correspondent walk through a FARC camp here Early Brexit vote results shake up global markets Pound drops, yen, gold surge as results from Britain’s EU referendum showed stronger-than-anticipated support for Brexit PSBs told to cut stakes in asset reconstruction companies State-run banks have been nudged to trim their stakes in asset reconstruction companies (ARCs) because of the inherent conflict of interest in such ownerships. RBI unveils game plan for a 'less-cash' economy The RBI will also examine the technical, operational and business feasibility of using Aadhaar as a factor of authentication for payment transactions. TPG Capital to buy ICICI home finance arm The Rs2,100 crore deal, expected to close in 3-4 weeks, came about after ICICI Bank decided to lower the valuation ONGC in talks with petrochemical companies to sell 25% stake in OPaL ONGC has approached domestic and middle eastern companies, and has held talks with several foreign firms in the past Start-up FarEye raises $3.5 million FarEye to use the money to expand its business to more cities and double its 30-member team SIDBI ramps up its start-up funding operations Sun Pharma announces buyback plan at Rs 900 per share The buyback price comes at a 16 per cent premium over Rs 752, the closing price of Sun Pharma on Thursday at BSE. Nandan Nilekani invests in eye care chain Drishti Drishti is set to expand its reach to six more districts in Karnataka in the next phase of expansion, after infusion of fresh funds by Nilekani How banks are giving big push to India's start-up revolution How banks are giving big push to India's start-up revolution - In this revolution, we are also witnessing the rise of women entrepreneurs with female founders and co-founders now constituting around 9% of the start-up ecosystem in 2015. Shree Renuka Sugars to sell its 5% stake in NCDEX The deal size is estimated to be a little over `50 crore and will allow SRSL to exit NCDEX fully Companies use CSR to promote research Apart from funding scholarships, the idea of promoting centres of excellence is fast gaining traction JSWs capital fund gets Sebi nod for investments JSWs capital fund gets Sebi nod for investments Do not let the days of crony banking make a comeback The RBI governor also proposed a series of innovations to help both students and bankers, when asked about high collateral demands by banks on student loans. Bank of India raises `1,000 cr via Basel-III bonds The state-owned bank has raised `1,000 crore through bonds that comply with Basel-III norms for capital adequacy Hindusthan National Glass sells arm in Europe for Rs175 crore Hindusthan National Glass and Industries on Thursday has sold a wholly-owned subsidiary HNG Global GmbH to an undisclosed buyer in Europe. Tax conundrum for Indian-focused offshore private equity funds India well prepared for 'Brexit': Finance Ministry Economic Affairs Secretary Shaktikanta Das said India was closely tracking developments in the UK ITC’s new chief will have a tough act to follow The management change at the top comes when ITC’s flagship business of cigarettes is facing tough times with rising excise duties and health concerns around tobacco Indian Oil to join NTPC, Coal India for fertilizer projects The board of directors at IOC will consider the proposal by the end of July Sanjiv Puri leads race for ITC top job Nakul Anand, Rajiv Tandon also in fray Future Group plans biggest retail space addition this yr The group would need around Rs 400 crore for the expansion Amazon outnumbers Flipkart to become number one in overall reach Flipkart has slipped from numero uno position as incumbent Amazon continues to grow with scorching pace. After having over 40 per cent hair cut in valuation, Flipkart knocked down to second position as Amazon has surpassed the Tiger Global funded company in overall website traffic, according to a report by Kotak Institutional Equities. Cole Haan to open 3 more stores, expand manufacturing International shoe brand Cole Haan, which has entered the country through a partnership with Arvind Sports Lifestyle, will launch three more stores this fiscal, and also plans to expand its manufacturing and sourcing from here. "We are focusing on 'Incentives announced for textiles will help create jobs' The “extra push” given to the textiles industry through an incentive package will help create more jobs and push exports, Commerce and Industry Minister Nirmala Sitharaman said on Thursday.“It is a s KFC has 'healthy' competition: GBC to open 90 outlets by end-2017 American fast food restaurant chain, Kentucky Fried Chicken (KFC), which has expanded Siyaram finds a home in Cadini; to open 10 stores by December - 'Coming home to Siyaram' went the musical tagline for the the Indian brand which became a household name for its men's fabrics. Siyaram, which is now trying to recapture the lost ground with premium play, has found a home in Italian fashion brand Cadini. Vodafone to proceed on IPO in India after spectrum auction Vodafone to proceed on IPO in India after spectrum auction - Vodafone spokesperson has however said that no final decision has been taken on IPO. India embraces LTE as buzz over 4G gets louder In the quarter ended March 2016, two-third of the smartphones shipped in India are enabled with 4G LTE technology Huawei developing its own mobile OS: Report Manufacturers wanting to build their own mobile OS is not a new trend. We've seen Samsung, Amazon (kind of), Jolla etc trying their hand at custom OSes (and failing to a certain degree). Huawei now appears to be taking the same approach, well, at least according to a new report anyway.   More people are buying high-end phones in India, OnePlus emerges as key player According to CMR, the high-end smartphone market in India is expected to grow 19% in 2016 as against 15% in the previous year. Reliance Jio must target Rs 250 monthly ARPU and other top telecom news of the day A brief round up of the top headlines that dominated the Telecom sector, nationally and internationally. India approves prices for massive spectrum auction Spectrum to be auctioned is valued at Rs5.66 trillion; telecom regulator Trai asked to make new recommendations on spectrum usage charges Spectrum auction norms get thumbs up; SUC sent back The Union Cabinet on Wednesday asked the Department of Telecommunications (DoT) to refer the issue of spectrum usage charges to the Telecom Regulatory Authority of India (Trai) and accordingly fix the rates. The spectrum auctions are to be held later this year. Amazon India ahead of homegrown etailer Flipkart in overall website traffic, including both PCs and mobile: Report Amazon had an average monthly user visit of around 180 million, far ahead of Flipkart's 120 million. How and why India's data consumers suffer from one of the world's worst net usage experiences TRAI has asked stakeholders to comment on a number of key questions on introducing regulations, features and a numbering system to VoIP services. Smartphone manufacturers Micromax, Intex and Lava to start assembling devices locally Micromax is in talks with component makers for assembling display panels locally, while Intex is planning to begin assembling PCBs at its upcoming Noida plant. SAP Labs India introduces Startup Studio accelerator programmeto support early stage ventures Enterprise application software behemoth SAP Labs India on Thursday launched accelerator program SAP Start-up Studio, aimed at providing mentoring, infrastructure and technology support to early-stage start-ups. Wipro's Rishad Premji set to earn up to Rs 3 crores annually As per the new salary structure, Wipro said Rishad Premji will receive a fixed salary in the range of Rs. 1.3 crores to Rs. 3 crores per annum. Opera hits back at Microsoft : Claims lower battery usage than MS browser Using a power efficient browser is one of the best ways to get more out of your PC or tablet – whether you’re checking email, shopping online, playing games, or watching movies. Today’s lapto… Analytics industry to grow from $2 billion to $16 billion by 2025, says Nasscom Nasscom said the industry is witnessing a rapid growth driven by increased demand for cloud-based and predictive analytics solutions by industries. 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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