Nov 9, 2016 - Investors rush in as logistics sector set to touch $10 billion by 2020

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Sree Vijaykumar From the Editor's Desk Here's a good Mint/Bain piece urging us to adopt 'Make in India' in a 21st century manner and not simply try to replicate the Chinese model. What this implies is acknowledging the growth of technologies like IoT, 3D Printing and Robotics and the impact these would have on manufacturing job growth. Some of these technologies will take years to develop, but India has a unique advantage in having a large and skilled IT workforce (with thousands being added every year), who are well-placed to take advantage of jobs created due to the advance of new technologies in manufacturing. The software-hardware skllset required for these jobs of the future is something we can excel at, because of our legacy in information technology. Meanwhile, our bottom of the pyramid and unskilled will still need to find jobs in traditional manufacturing. 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). Investors rush in as logistics sector set to touch $10 billion by 2020 The market for logistics-technology businesses, which include delivery startups, truck aggregators and warehousing firms, is expected to surge from $1.4 billion in 2015. 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.   Modi's black money move very bold and significant: Chanda Kochhar “Even today the overall electronic payments is actually much less compared to what it could be” State-run banks may move to variable pay structure for staff Lenders such as State Bank of India and Punjab National Bank are exploring the idea of moving to a variable pay structure Advent in talks for up to 40% in ASK Financials The group currently manages assets of over Rs 15,000 crore across seven offices in India and an office in Dubai. Cyrus Mistry was trying to get Siva group to pay share of DoCoMo award At his penultimate Tata Sons board meeting as chairman, Cyrus Mistry raised the issue, the documents show More bad news from struggling Indian banks The clarification is with the regard to 32.14 lakh debit card data compromise in which case 641 customers were duped of Rs 1.3 crore. Did Tata Sons violate insider trading norms? The fact that Tata Sons and its principal shareholder procured price-sensitive information ahead of others is, in itself, not something to get worked up about Is trust deficit widening on Tatas’ narrative on Cyrus Mistry? Tata group has to provide credible facts that necessitated former chairman Cyrus Mistry’s ouster, say proxy advisory firms Warburg Pincus in talks to buy stake in Capital Float Warburg Pincus may invest up to $75 million in Series C funding in Capital Float, but talks are not final Kedaara plans to raise $600 mn for new fund Private equity firm Kedaara’s formal fund-raising process is expected to begin by the middle of next year Scrapping Rs500, Rs1,000 currency notes may pull down property prices Real estate prices would come down in the short to medium-term as land would become cheaper, say experts Rs 500, Rs 1000 note ban: Industry terms it 'watershed' moment in fight against black money Increased currency in circulation is a burning issue India faces. Digital payments and wallets companies rejoice Narendra Modi's historic decision The biggest boost could be Paytm and Ola Money where people are expected to recharge their wallets to access cashless Uber and Ola rides. Here’s how to go cashless in the notes-scrapping age Now Rs500, Rs1000 notes have been scrapped, here is how you can manage your everyday and every-once-in-a-while transactions Centrum launches its maiden Rs 500 crore private equity fund The private equity fund Kalpavriksh will invest in mid-sized, un-listed companies with a growth potential in fintech, education tech, healthcare and FMCG India pushes UK to figure out an economic future Citizens of countries like India have to jump through hoops for British visas, which take ages to get and are far more expensive than their European or American equivalents. Strengthen ECGC to promote export finance: Sitharaman How have health tech start-ups fared so far this year In 2016 till date, 82 health tech companies have raised only $80 million, as per data provided by Tracxn Hindalco said to consider $500 million share sale amid rally Hindalco is considering raising about $500 million through a stock sale , as India’s biggest aluminum maker seeks to cut debt amid a share-price rally PNB plans to give performance based incentive, to break away from IBA negotiation Industry body Indian Banks Association (IBA), on behalf of all public sector banks, negotiates wage hike with the officers association and employee unions. Debit card data breach: Bourses seek clarification from banks Stock exchanges have asked the banks to provide clarification on the news items regarding debit card data breach SBI plans to raise Rs5,000 crore via long term bonds SBI will issue the bonds in domestic as well as overseas markets to finance infrastructure and affordable housing in the current fiscal Markets can rejoice: How a Trump win could bolster Indian economy over the long term Under Trump, business ties might open in more ways between India and the USA than ever before and the markets might rejoice over the idea that India is a legitimate trusted ally of the USA The four horsemen of ICICI Bank’s troubles As ICICI Bank is insuring for future pain by hiking provisions, investors, too, would do well to buy some protection SoftBank Group writes down $555 million in Ola, Snapdeal investments SoftBank move comes in at a time when both Ola and Snapdeal are looking to raise fresh funds to sustain amid growing competition from rivals Why America needs to be grateful to India Whether the Modi fairy dust rubs off or not on Trump, this has been quite the Indian summer of a presidential election. KVIC flagship stores register 34% hike in sale Saxena said that this record sale is exclusive of Rs.1.36 crore worth revenue generated through sale of gift vouchers and Sale of specially designed Gift kits/Hampers. Is my Marks and Spencer store closing? M&S reveal 53 shop closures across the UK MARKS AND SPENCER have announced they will be closing 53 stores across the UK after a fall in pre-tax profit. Logistics-tech startup Browntape raises capital from Gati Hyderabad-based logistics firm Gati Ltd has invested $3 million (around Rs 22 crore) in Goa-based cloud software startup Browntape Technologies Pvt. Ltd, it Amazon India: Amazon India's most attractive Internet brand The study was based on primary research conducted on close to 3,000 consumers across 16 cities. Short-term shot in arm for mobile wallets, card firms Besides, e-commerce companies could see a move away from the cash-on-delivery payment, which was the fastest growing segment in this space. Rapid 4G adoption to drive demand for network capacity expansion in India: Huawei's Chandan Kumar Huawei’s director, marketing and integrated solutions, Chandan Kumar said that there will be an additional demand for network capacity expansion acr.. Apple solution provider OWC launches subsidiary in India OWC claims to have a range of products for India’s Macintosh users and eventually plans to address PC users as well with its technological upgrades .. Bharti Airtel appoints Vani Venkatesh as CEO (Retail) Vani Venkatesh will be responsible for driving Airtel’s retail strategy to deliver a seamless and world-class customer experience across retail touch points FMCG companies turn tightfisted on ad spends FMCG companies turn tightfisted on ad spends - It has further decided to cut down on its ad and media spends in the country on the back of poor macro-environment and lower new product launches Korea to venture into Indian cosmetics market Nestlé India looks to enter new categories Swiss food major Nestle India’s flagship product Maggi has resurrected itself after it was forced off the shelves fifteen months ago following allegations that the popular noodle contained seven-times the permissible level of lead... Nestle India to change tack to value growth: CEO Nestle India is now looking ahead with renewed vigour and focus on nutrition while expanding in other categories in oder to be counted among the best FMCG firm in India. India releases definitions for carbonated fruit beverages The Food Safety and Standards Authority of India (FSSAI) has released a definition for carbonated fruit beverages. It has notified that beverages with fruit juice quantity below 10% but not less than 5%, and 2.5% in case of lime or lemon, should be called carbonated beverages with fruit..... Nestle India counters Ramdev's charges, reaffirms 'Indianness' Nestle India is looking to consolidate its leadership position in the noodles segment, and re-grow the overall category that has shrunk due to trust issues with consumers over food safety. Varun Beverages shares close 3.8% higher than issue price in stock market debut The issue had not seen great response from investors as analysts raised concerns on high valuations and debt... Future Retail consolidates retail business of Heritage Foods The retail business of Heritage Foods includes the popular Heritage store chain of 124 stores in the three key southern cities of Hyderabad, Bangalore and Chennai. Britannia Industries posts 5.79% rise in net profit in Q2 Bangalore: FMCG major Britannia Industries on Monday posted a 5.79 percent rise in its consolidated net profit to Rs 233.95 crore in the quarter ended September 30, 2016 as compared to Rs 221.13 crore in the year-ago period. Total income from operations was at Rs 2,456.10 crore, up 11.45 percent during the quarter under review … Godrej Consumer Products: The home market regains some shine Godrej Consumer Products Ltd (GCPL) has reported a jump of about 43.7 per cent in its consolidated net profit of Rs 318.12 crore for the second quarter ended September 30, 2016-17. It had reported net profit of Rs 221.43 crore in the July-September period of 2015-16, GCPL said in a BSE filing. 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