Oct 27, 2016 - Thyssenkrupp India CEO says no decision yet on Tata Steel JV

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Sree Vijaykumar From the Editor's Desk For Indian retailers, the Costco business model is an interesting one. No branded item can be marked up by more than 14 percent, and no private-label item by more than 15 percent. Mr. Sinegal warned that if Costco increased markups to 16 or 18 percent, the company might slip down a dangerous slope and lose discipline in minimizing costs and prices. How's that for a business philosophy, as opposed to opportunistic margin extraction that most other retailers indulge in! Sell a limited number of items, keep costs down, rely on high volume, pay workers well, have customers buy memberships and aim for upscale shoppers, especially small-business owners. In addition, don't advertise -- that saves 2 percent a year in costs. More here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free BMW: Celebrate joy with BMW Festival 2016   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Thyssenkrupp India CEO says no decision yet on Tata Steel JV Tata Steel was in talks with Thyssenkrupp AG for a merger of its European assets with the German firm Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   India home to about 4,700 start-ups: report A report by Nasscom and Zinnov estimates that the number of start-ups in India will more than double to about 11,000 by 2020 LIC buys over 50% of NBCC shares on offer, invests Rs 1,200 crore LIC's stake in the state-run construction firm has gone up to 8.11 per cent following its participation in NBCC offer for sale which happened last week. Former Deutsche Bank Asia CEO Gunit Chadha to head Everstone's NBFC Chadha, who till July was chief executive of DB's Asia Pacific ops, and IndoStar mgmt will sign a formal agreement “anytime soon”. Sebi to look into Tata-Mistry saga for possible breach of corporate governance rules We are taking note of every development and will act immediately if there is any hint of a possible violation of corporate governance, a senior official said. No clear picture of access to banking in India A lack of effective monitoring capability means the data on progress of financial inclusion is unreliable Sun Pharma buys eye care specialist Ocular Tech for $40 million Sun Pharma will also pay more contingent on meeting drug development and sales milestones Mistry ouster: Rs 21,000 crore wiped out from Tata stocks Shares of Tata Motors dipped 4.27 per cent, Tata Steel slumped 4.01 per cent, Tata Power lost 2.06 per cent and TCS fell by 0.07 per cent on BSE on Wednesday. United Bank of India rejigs operation to set up Hyderabad regional office The Kolkata-based lender has carved this new regional division out of the Bangalore region to increase its focus in the twin states. UBI's advances in Bangalore region was seven times of what it collected as deposits. India faces greatest global loss from internet shutdowns The country had 22 internet outages in 2015-'16, the same as Iraq, according to a study. Indian banks must login for fully-encrypted ATM security solutions While some of the countrys premier banks are busy blocking debit cards that have been compromised (the numbers run into millions) in one of the financial sectors biggest data breaches, its time for banks to adopt state-of-the-art, fully encrypted ATM security solutions to safeguard consumers, the countrys top cyber experts have suggested. KredX raises $6.25 million from Sequoia India, Prime Venture Partners KredX has secured $6.25 million in a series A funding round led by Sequoia India with participation from its existing investor Prime Venture Partners ICICI Prudential Life Insurance needs to get a firm grip on its expenses Expense ratio at ICICI Prudential Life Insurance has increased to 15.6% from 14.1% because its commissions to agents have increased 21.4% Paytm to replicate Alibaba's logistics strategy with LogiNext Plans to scale logistics in Tier III and IV towns Yellow Tie, Harpal to open 200 restaurants, invest $20 mn Renowned and unconventional Indian celebrity chef Harpal Singh Sokhi, on Wednesday, an Couponhaat gears up for festive season Couponhaat will connect its customer base directly to the best deals offered by Indian e-commerce marketplace. Apple iPhone sales in India up by 50% for fiscal ending September 2016, Tim Cook highlights Jio tie-up According to Apple CEO Tim Cook, the Apple iPhone sales rapidly grew by over 50 percent for the fiscal ended September 2016 in India. How physical stores are fighting the e-commerce army A few offline retailers, big and small, adopt unique marketing tactics (other than crazy discounts) to pull consumers towards them and away from e-comm sites. India pips US in smartphone connections India overtook the United States to become the world's second-largest smartphone market with an installed base of 275 million devices. The troubles with Tata's telecom business It was a clash of styles, a feeling that Mistry wasnt adhering to the values of a company that had previously been led by a person related to the Tata family. India to have 1 billion unique mobile subscribers by 2020: GSMA Driven by falling prices of devices and network coverage improvement, India is expected to have one billion unique mobile subscribers by 2020, according to a new study by GSMA. According to the rep Telecom sector to contribute Rs 1.45 lakh crore to the public fund by 2020 World’s top telecom group GSMA Wednesday said that India’s telecom sector is poised to contribute Rs 145,000 crore to the government fund by 2020 .. Hike Messenger on Android now supports video calling With the increasing penetration of smartphones and Internet, a large number of people are communicating via video calls in place normal audio calls. And the Tim Cook expresses optimism about India in Q4 earnings call; 50% iPhone sales growth in 2016 recorded Apple announced the results of its fourth quarter financial performance for the year 2016, and the forward looking statements showed interest in India. Nothing can be free for life, says Bharti's Sunil Mittal Airtel to approach Trai, DoT over proposed Rs 1,000 crore penalty - "We are aware of proposed penalty. We believe there is confusion here. We will find way to go back to Trai and DoT. We are very confident that government will take a very objective position in the Herculean efforts we have put to resolve this issue," said Bharti Airtel MD and CEO for India and South Asia Gopal Vittal. According to him, Airtel has done a lot to solve the interconnectivity issue with Reliance Jio. Excited about investments in 4G in India: Tim Cook The massive 4G roll-out will aid in the growth of iPhone sales in India, said Apple CEO Tim Cook. He added that the large young population and growing middle class will mean that the country will be a big market for Apple in the years to come. Consumer body wants action against miracle cure ads Submits To Gujarat FDCA That Such Ads Are Illegal Amazon set to bring Launchpad to India Amazon Launchpad, a global programme for start-ups, may be launched in two months Coke's growth in India loses fizz Coca-Cola said profit and revenue fell less than expected in the latest quarter as developed markets buoyed the top line despite softness abroad. Good rains should help improve rural demand' Hindustan Unilever reported a decline in volume growth for the September quarter after seven years ITC net rises 10.5% on tobacco biz growth Cigarettes continue to drive revenue; luxury chocolates ‘well received’ Hindustan Unilever: tepid growth, frothy valuations FMCG major Hindustan Unilever (HUL) today posted an 11.54 per cent rise in its standalone net profit at Rs 1,095.6 crore for the September quarter, helped by higher income from operations. The company had a net profit of Rs 982.17 crore in the FMCG companies clock slowest Q2 sales in a decade Coca-Cola India, too, reported 4% decline in volumes for the July-September quarter, impacted by slowing discretionary spending. Coke India Q3 volumes down 4 per cent The slump in volumes sales is also indicative of consumers turning away from sugary drinks to various healthier options and functional drinks. India's Baba Ramdev Billionaire Is Not Baba Ramdev Rapid rise of Patanjali products in India has enshrined an unlikely billionaire. Central government committee set up to monitor avian flu The high-level panel will also guide state administrations in their efforts against the virus. HUL Q2 profit up 11% to Rs 1096cr, India consumer biz grows 2% FMCG major Hindustan Unilever (HUL) has reported a 11.5 percent growth in second quarter profit at Rs 1,095.60 crore on other income and margin expansion despite slow revenue growth... Dabur Q2 net up 5% at Rs. 357 cr Dabur India's standalone net profit for Q2 saw a 17.7 percent growth during the quarter at Rs 268.7 crore, up from previous year's Rs 228.20 crore. Dabur misses Street estimate in Q2, posts Rs 357 crore net profit, volume growth 4.5% The company posted total income of Rs 1,975 crore for the quarter while consolidated Edita stood at Rs 408 crore. Dabur India : Board declares Interim Dividend The company to consider declaration of interim dividend on the equity shares of the Company for the Financial Year 2016-17.   Global gender gap report: India among bottom 3 in health, last 10 in economic participation The country placed 87th on the World Economic Forum's overall list thanks to its large number of women in politics. Varun Beverages IPO opens, early response good As Varun Beverages initial public offer (IPO) opens for subscription on October 26, analysts think its valuation is expensive. The company has fixed price band at Rs 440-445 per share and aiming to raise Rs 1112.50 crore through the offer... Manish Sisodia orders inspection of all liquor shops in Delhi after conducting surprise raids The deputy chief minister called the consumption of alcohol in public places an ‘alarming’ situation and a ‘threat to public peace’. Flipkart CFO Sanjay Baweja resigns, reason unclear The e-commerce major has started the process to fill the vacancy as a string of top-level executives continue to leave the organisation. 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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