Jul 20, 2016 - Private equity industry will miss Santa Sinha

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Sree Vijaykumar From the Editor's Desk For all you marketplace startup founders out there, this HBR article provides a good framework to think about user/customer growth. When you have a demand side and a supply side to your platform, it's generally advisable to work on the supply side first. That's what AirBNB, Uber and Etsy did. Also, the strategies that will get you your first 1000 users (quality of users matters the most here) are different from those that will take you from 1000 to 1 million (digital marketing tactics) and different from those that will take you from 1 million to 100 million (mass media like television ads might be required here) Private equity industry will miss Santa Sinha As MoS (finance) Jayant Sinha had not only been instrumental in removing several bottlenecks facing AIFs, but also helped bring about a boom in the industry CIL counting on dividends from arms to replenish cash reserves Coal Indias consolidated cash reserve stands at around Rs 38,000 crore of which Rs 8,500 crore belongs to Eastern Coalfields, Western Coalfields, Bharat Coking Coal. We will be eligible for further capital infusion in future: Arundhati Bhattacharya, Chairman, SBI We are not seeing much demand for loan. So I would not say that capital infusion by the government is not adequate. Yes Bank negotiating Rs 4,000-crore credit line for Nirma-Lafarge deal; Credit Suisse, Barclays offer loans too Yes Bank has offered a Rs 4,000-4,500 crore credit line to Nirma through a combination of loans and bonds for a 10-year period at an aggressive 9.5-10 per cent rate. Can RIL sustain double digit growth in gross refining margin? In the June quarter, Reliance Industries earned $11.5 from every barrel of crude oil it processed Yatra, CaratLane deals put spotlight back on VC exits Most Internet companies in India are yet to show profits, which rules out a public markets listing as an exit route for investors The coming revolution in Indian banking Increasing penetration of smartphones, Aadhaar-linked bank accounts and a host of powerful open and programmable capabilities is set to create the ‘WhatsApp moment’ for Indian banking Advanced Enzyme raises Rs 122.85 crore from anchor investors DB International (Asia) was the highest bidder among anchor investors, picking up 20.23% of the portion reserved. India leads global digital coding race: Barclays report The index benchmarks 10 countries worldwide on their readiness to compete in the digital economy and was aimed at tackling areas in which the UK is lagging behind other countries. Skycure raises $16.5 million in Series B funding round The fresh funds will help Skycure expand its presence in Europe and the Asia-Pacific region, and boost its customer base to 1,000 NowFloats acquires Lookup in a cash-equity deal 16 employees of the Lookup team will now be part of NowFloats with this acquisition Government to recapitalise 13 banks with Rs 22915 crore New Delhi, July 19 (IANS) The Ministry of Finance on Tuesday announced the much-awaited capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17. TPG Growth buys actor Mammootty’s hospital chain TPG picks up majority stake in Mammootty’s Rhea Healthcare for $33 million India to infuse $3.4 billion in state-run banks NEW DELHI: India will infuse 229.15 billion rupees ($3.41 billion) in 13 state-run banks in the fiscal year ending March 2017, the finance ministry said in a Tw... Banks like Kotak Mahindra, Axis Bank and others mulling iris-recognition technology for ATM transactions Quite a sizeable number of blue-collar workers and farm labourers who use ATMs have bruises, abrasions or cuts on their fingers. Indian CEOs as superheroes Companies do need a recognizable face but the cult of the CEO often masks the need for collaborative work in an organization LIC Housing Finance continues focus on high margin loans LIC Housing Finance’s overall loan book grew 15% in the June quarter compared to 16% in January-March Finance bill passed, 'fat tax' becomes a reality With the introduction of the Kerala Finance Bill 2016 in the assembly on Monday, the 'fat tax' proposed by finance minister Thomas Isaac, has come into effect. A 5% tax will also be levied upon wheat and wheat products like atta, maida, sooji and rava; coconut oil and basmati rice.   Liberalizing India's urban thinking Socialist-era thinking has been discarded elsewhere in the economy, but not in how Indian cities are planned FMCG's new marketing mantra is to brand products 'gold', and consumers don't seem to mind Pricing is not always premium for ‘gold branding. Companies are just betting on the gold association to move the product. In 3 months, Myntra to open a store with private brands We plan to launch omni-channel with our private brands — Roadster, HRX and All About You, CEO Ananth Narayanan told. Rooh Afza may Come in New avatar in Hamdard makeover The 110-year old unlisted herbal products company is revamping to keep up with intense competition in spaces it operates in. Reliance Jio Infocomm partnering with phone makers to lift user base, plans to raise Rs 15000 crore Reliance Jio already has more than 1.5 million subscribers, which include customers of its Lyf smartphones, employees and business partners including retailers. FreeCharge's Chat-n-Pay service records 1 million active users Among the million users, 48% have used the service to send money, 46% to request money and 6% for split bill. Paytm ties up with grocery retailer Heritage Fresh Payments through Paytm will now be accepted at all 114 supermarkets of Heritage Fresh in Hyderabad, Bengaluru and Chennai Flipkart brought online shopping to India, then Amazon showed up Flipkart CEO Binny Bansal says that the company has battled competition since 2007. "We have seen that in the past & we'll see it again," he says. Tata is in the thick of succession planning for Titan's MD Bhaskar Bhat Titan had also announced a VRS for its employees who had completed 10 years of service or were above 40, to reduce headcount and improve productivity. Airtel, Aircel fail call drop test in Thiruvananthapuram Airtel, Aircel fail call drop test in Thiruvananthapuram Is it the end of Telenor India's acarpous journey? Is it the end of Telenor India’s acarpous journey? Reliance Jio: From Nowhere to Nightmare for Indian Telecom Operators "This is yet another key milestone in the company’s endeavour to empower and support national sporting talents," the company said in a statement. Decoding mobile growth in India Become part of one of the largest growing networks of mobile evangelists by registering for the Mobile Growth meetup coming to your city. Telenor India Q2 operating loss widens to Rs 105 crore The total revenue of the company, however, grew by about 12.73 per cent to NOK 1551 million (Rs 1,230 crore ) from NOK 1362 million or Rs 1,080 crore .. Telenor says won't participate in spectrum sale, signals India exit Telenor said the decision was regardless of “the significant operational and financial improvement delivered by our Indian operation”. Hyderabad-based NowFloats acquires Bengaluru-based Hatchery Software in a cash and equity deal Hyderabad-based NowFloats Technologies Pvt. Ltd--which runs NowFloats, a platform enabling local businesses to target customers based on location--has acquired Bangalore-based chat-based app Lookup in a cash and stock deal, the company said in a statement. Smartphones: The new and future destination of shopping The growth of the mobile phone in India is unprecedented, and so is the growth of internet commerce. And to be sure, the mobile will be the next frontier of shopping. According to a Morgan Stanley report, e-commerce in India will grow from $11bn in ... Macquarie Bank sells entire stake in Gati over legal war They had bought the companys share in May 2014 at an average price of Rs 97 per share, making over 80 per cent returns on their investments in two years. Who needs a carry bag? Shopping in pyjamas is internet's biggest gift Shopping in pyjamas is internet's biggest giftHindustan Times Who needs a carry bag? Shopping in pyjamas is internet's biggest giftThe country has 371 million mobile internet users; the first six months of this year alone added 65 million, says the Internet & Mobile Association of India. It's therefore no surprise that 60% to 70% of the online buying in India happens on the mobile ... Online shopping cart abandonment: The biggest thorn for the ecommerce industry? Last year, Octane conducted a study and concluded that, while 70 percent of Indian online shoppers abandon their carts, only 34 percent of ecommerce firms invest in an online shopping cart abandonment program. Are they ignoring the problem? Airtel completes sale of its $900M unit in Sierra Leone to France's Orange In January, Bharti Airtel had said it will sell its operations in Burkina Faso and Sierra Leone to France-based Orange to Orange SA for around $900 million. Global hardware start-up accelerator eyeing India HAX, the world’s largest hardware start-up accelerator, is scouting for investments in young firms in India, which have developed working prototypes in areas such as healthcare, consumer electronics, Wipro says that Brexit could delay some discretionary spend on IT Stating that 'Brexit' was on "top of the mind" for Wipro, its chief Abidali Z Neemuchwala said the most immediate impact of the development is on currency. Indian IT major Wipro backs out of buying US-based back office firm Viteos Group for $130M The deal was to be completed in fourth quarter of 2015-16 ending March 31. 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