Aug 8, 2016 - Mu Sigma CEO Ambiga Subramanian, General Atlantic in bid to sell combined stake

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Sree Vijaykumar From the Editor's Desk When Hillary Clinton told her audience at a rally in Las Vegas on Thursday "Here's what I believe," she punctuated those words with not just a vocal flourish but a physical one. Up went her hand, placed over her heart. Michelle Obama put her hand on her heart multiple times when she mentioned her daughters. Khizr Khan, the father of a Muslim United States soldier killed in combat, did the same when the crowd applauded his son's sacrifice. Prime Minister Justin Trudeau of Canada may have inspired the trend: He put his hand to his heart so humbly and so often before cheering audiences during his campaign last year, it became almost a trademark. The gesture is more common as a greeting or a sign of respect in parts of Asia and the Middle East, so it's possible Mrs. Clinton picked it up while traveling as secretary of state. More here Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Mu Sigma CEO Ambiga Subramanian, General Atlantic in bid to sell combined stake General Atlantic said to have hired Citigroup Inc. and Credit Suisse Group AG to find a buyer at a valuation of $1.5 billion HDFC Life-Max merger ratio likely at 10:24 Max Life may get merged into Max Financial in a 1:1 share swap ratio, and then HDFC Life investors may get 24 shares of this expanded entity for every 10 shares they hold Monetary policy: RBI seen maintaining status quo Nine of 10 economists and bankers surveyed expect RBI to hold repo rate at 6.5% in governor Raghuram Rajan’s last policy review Yes Bank, IndusInd reveal that consumer-driven segments account for small portion of retail books Analysts have pegged both IndusInd and Yes bank to report industry beating compounded profit growth of 25% during FY17-18. Banks going all out in recovering dues from both public and private lenders Union Bank of India, which reported its quarterly earnings over the weekend, also saw its cash recoveries improve significantly to Rs 350 crore. Essar Oil to invest Rs1,200 crore in Vadinar refinery Essar Oil, controlled by the Ruia family, is also weighing the option of reviving its petrochemical complex project with an investment of around $1-1.5 billion Indiabulls, IIFL to raise $500 million offshore capital via Mauritius The two firms will use the funds to invest in residential projects in India; the tenure of funds is likely to be 5-6 years When is a 4% inflation target really 4%? According to the government notification, the 4% target rate is for the ‘long run’ and the ‘medium term’, terms you could interpret whichever way you like RBI has launched a website to warn and fight against ponzi schemes The website has been launched to enable early identification of illegal collection of deposits Oil India to raise $500-mn loan to finance Rosneft deal For the remaining part of its share of $1 billion in the deal, Oil India may depend on its cash reserves of more than Rs 10,000 crore Warehousing to attract up to Rs 15,000 crore investment every year "Warehousing industry has recently seen a sharp growth in demand primarily driven by new age e-commerce industry and growth in organised retail." Government's divestment kitty to swell by Rs 16,000 crore State-owned companies have cash and free reserves estimated at Rs 2.6 lakh crore and the newly created DIPAM has been entrusted with the task of ensuring its optimal utilisation. DLF plans to raise up to Rs 2,500 crore via NCDs The promoters -- billionaire K P Singh and family -- would reinvest a significant part of the amount realised from this sale into DLF Ltd, helping the realty giant to reduce its debt substantially. Top 6 companies add more than Rs 16,000 crore in market valuation Infosys lost Rs 1,504.5 crore to Rs 2,45,175.87 crore and that of ITC fell by Rs 1,208 crore to Rs 3,03,750.88 crore. ICICI Bank eyes 30 lakh transactions via e-toll plazas by March Electronic toll collection (ETC) enables vehicles to pay highway tolls electronically without stopping at toll plazas. How restaurateur Rohit Khattar is all set to put attention back on old-fashioned dining With 40 different restaurants, all profitable brands, Khattar is perhaps Indias most successful restaurateur. How railways is banking on social media and apps to address passenger complaints After receiving 1,000 tweets and 200 complaints, IR has been contemplating new features to allow passengers to connect with senior rail management. Vedanta Resources to complete merger with Cairn India by early next year Mining and energy major Vedanta Resources plc Chairman Anil Agarwal has said the group aims to complete the merger between Cairn India and Vedanta Ltd in the current fiscal (FY17). India is riskier for business than Bangladesh India ranks 4 in Verisk Maplecroft's list of countries losing out on business opportunities due to civil unrest, after Syria, Yemen and Libya. Apple said to buy artificial intelligence startup Turi for about $200 million Apple’s move is part of a battle among Google, Facebook and Amazon to gain an edge in AI, particularly in pervasive computing where software tries to automatically infer what people want Bonds, not equity, have made real money for you over last 12 months In the past 12 months, equity market has given a negative return of -0.4 per cent whereas the bond market has given stellar returns of 8.5 per cent. How the online fashion market is planning to combat the joined force of Flipkart, Myntra and Jabong Myntras acquisition of Jabong is estimated to have placed the combined entity right at the top of pile, with an estimated market share of 60-70%. McDonald's goes on a healthy diet, reduces sodium in its mayonnaise and fries “In India, we will continue to work closely with our suppliers and industry experts toward achieving our global vision,” a McDonalds India spokesperson said. Reigniting ITC Cigarettes, despite the stigma associated with them, still power ITC’s profits while its non-tobacco businesses have been a persistent drag on profits. Sanjiv Puri, tipped to take the helm at ITC early in 2017, will have to decide which is the way to go Amazon signs up Excel Entertainment to ensure enough takers for Prime service in India Farhan Akhtar and Ritesh Sidhwanis production house Excel Entertainment will create Amazons first show, Power Play Bata rejigs roadmap, mulls growth from existing stores The company’s key focus is to grow in double-digit and scale up margins going forward, said Rajiv Gopalakrishnan, Managing Director & President-South Asia, Bata India. Kishore Biyani's Future Enterprises plans to raise Rs 1250 crore GST will help India become a big unified market, says Kishore Biyani, CEO of Future Group, adding, the company will benefit the most. Bengal's Tantuja sarees now available on Amazon Starting with a nominal profit of Rs 25 lakh in 2013-14 after a gap of 40 years it went on to make an operational profit of Rs. 2.5 crore in 2014-15. RIL to create omnicommerce through integration of Jio infra, Reliance Retail RIL chairman Mukesh Ambani spoke about his retail business plans in the company's latest annual report Future Group eyes Rs 1000 crore sales during Independence Day sale Big Bazaar consumers will be able to enjoy a 15% cashback on making payments through Paytm as part of a strategic tie-up between the two companies. Logistics, retail and consumer goods will benefit most from GST :Kishore Biyani With the GST Bill being passed by Rajya Sabha on Wednesday India will soon turn into a single market helping businesses avoid costs that are crippling the eventual price point charged to the end customer. Big Bazaar merchandise to be available on Paytm Paytm, a mobile payment and commerce platform, has entered into a strategic tie-up with Future Group. The partnership will enable users to shop for Big Bazaar merchandise on Paytm and get them delivered. Amazon, Alibaba face jobs as Indian tax collectors Currently, e-tailers only pay a federal service tax. With GST, they will practically become government-appointed tax collectors. E-commerce in India: Here's a natural alliance against online fraud Mobile network operators and banks must tackle online fraud together through advanced, mobile-based authentication Sidharth Pansari: Eseller who struck gold with Amazon Meet Sidharth Pansari, whose three year-old Primarc Pecan Retail has already touched Rs100 crore in revenues, growing 100% year-on-year. As Phone Companies Pledge to Stop Robocallers, What's the Holdup? Only 10 percent of the prerecorded, auto-dialed calls are legal and wanted by the recipient, yet 2.4 billion robocalls are made each month. Russia — a wake-up call for India? The young athlete was taken aback by the question from the man on the staff of a prominent sports institution. “Do you have any problem in giving your urine sample for testing?” he said. “If you have, Alwar Police busts gang of mobile phone thieves Alwar Police busts gang of mobile phone thieves LG V20 will be the first Android Nougat phone in September The firm not only did reveal the name of the handset and the Android version it will be running on, but also confirmed that the handset will be launched as soon as next month. Social media like Anandiben's FB resignation, call it Digital India initiative Gujarat chief minister Anandiben Patel sprang a surprise on Friday by offering to resign from her post, saying the Bharatiya Janata Party (BJP) needed a fresh face in the state before elections next year. Here’s how social media reacted. India, Singapore Central Bankers Call for Global Safety Net Central bank chiefs from India and Singapore called for a strong safety net for countries to cope with financial crises. Lenovo Vibe K5 Note launched: Price, specifications and features The 3 GB model of Lenovo K5 Note is priced at Rs 11,999 while the 4 GB version will cost Rs 13,499.. Oracle India joins SBI to foster digital skills initiative Global software and Cloud major Oracle India on Monday announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the.. SFLC.in's Comments on the TRAI Consultation Paper on Cloud Computing by sflc_admin    |    August 1, 2016On June 10, 2016, the Telecom Regulatory Authority of India(TRAI) floated a Consultation Paper on Cloud Computing and invited comments from the industry and other stakeholders on the following broad issues: regulatory framework for cloud computing; security over the cloud; cost-benefit analysis; quality of servic... Panasonic Eluga Arc 2 With 4G VoLTE Support Launched at Rs. 12290 Panasonic Eluga Arc 2 Smartphone: Panasonic a Japanese-based electronics and smartphone Company Has Launched a new flagship 4G smartphone under its Eluga-series in India. Lenovo India appoints Rajesh Thadani as new consumer business head In his new role in Lenovo India, Thadani will lead the growth strategy to further strengthen Lenovo’s growing consumer segment. Josh Groban, Kat Dennings call it quits? 2 Broke Girls star and singer call it quits, but remain close friends Preacher: "Call and Response" Review SPOILER ALERT: This story contains details about tonight’s Preacher Season 1 finale and some details about Season 2. In , “Call and Response,” tonight’s Preacher season finale on AMC, Jesse C… 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