Feb 17, 2017 - Under enigmatic Urjit Patel, investors failing to decode RBI's policy

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk "India has successfully launched 104 satellites in a single mission, setting a world record of launching the most satellites at one go. For those wondering if a poor country like India can afford such missions, here's some more information. Of the 104, 101 are foreign satellites to serve international customers as India seeks a bigger share of the $300 billion global space industry. Modi is bullish on India's space programme and has repeatedly praised the efforts of scientists who three years ago pulled off a low-cost mission to send a probe to orbit Mars that succeeded at the first attempt. Out of 101 nano-satellites, 96 were from the United States and one each from Israel, Kazakhstan, the Netherlands, Switzerland and the United Arab Emirates." More on how international media reported India's big achievement here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). Under enigmatic Urjit Patel, investors failing to decode RBI’s policy Under governor Urjit Patel, the RBI has significantly reduced communication with markets after he took over in September last year 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. Why buybacks make immense sense for TCS and Infosys Thanks to their penchant for hoarding cash, return ratios of both TCS and Infosys have been unduly low Are DLF investors waiting for Godot? The company has managed to keep investor spirits up through the hope that the promoter stake sale in DLF Cyber City Developers Ltd will minimize its debt woes Attention! Cash hoarders on the loose at ATMs Supply of currency has risen to about 80-85% of pre-demonetisation levels but the fear of not having enough hard cash in hand is driving people to stock up. The road to GST: a thin margin of error Not just a tax change, it is being looked at as a business transition—and that means CEOs must get it right India may extend power projects’ emission deadline to December 2019 Experts say a lot of effort has gone into devising strict emission standards for thermal power plants and the focus should now be on their implementation Can India produce global start-ups? Indian start-ups have much to learn from the German mid-sized firms and how they leverage the institutional support provided to them Airtel sees opportunity in Idea-Vodafone merger The merged Idea-Vodafone entity will exceed the 50% subscriber, revenue share limit in at least six licence areas, and will have to cede share to rivals such as Airtel Anand Rathi buys Religare’s wealth management arm The sale of the wealth management unit to Anand Rathi is part of restructuring process initiated by Religare group founders Malvinder and Shivinder Mohan Singh Paytm Payments Bank to go live on February 21 Plans to leverage wallet business that will soon get merged with the banking entity Private orders trickle in for ABB India ABB India's stock gained over five per cent on the back of a critical order win from Technopark to build a digital substation for an information technology park. The order win is important for ABB on two counts. Technopark's order is the first order Bad bank is a good idea, says Uday Kotak Kotak said since the issue of PSLis no longer a burden to any one, as private sector lenders are only happy to buy such credit from the PSU banks, it is time to move on and merge them. SBI merger: Bank unions question need for 'big bank' At this stage of development, rather than consolidation in the banking sector, India needs more competition RBI to reimburse MDR to banks on government payments The Reserve Bank of India said the reimbursement will be applicable from 1 January, 2017 Idea of demonetisation ‘wrong’, says Rajiv Bajaj Bajaj Auto managing director Rajiv Bajaj said the idea of demonetisation was itself wrong and it is incorrect to blame only the execution side of it Rs 10,000-crore recapitalisation for PSBs in FY'18 enough: Banks Board chief Vinod Rai Rai was responding to a query on whether Rs 10,000 crore capital infusion into PSBs for the next fiscal, beginning April, would be adequate to meet requirements. Vedanta to invest $1 billion in Jharkhand, build steel plant: Anil Agarwal Vedanta initially plans to invest about Rs2,000 crore in setting up one million pig iron and ductile pipe plant at Manoharpur in West Singhbhum district of Jharkhand Fino Paytech to launch payment bank, targets high domestic remittance areas Fino Paytech to launch payment bank in Maharashtra, Madhya Pradesh, Uttar Pradesh and Bihar with 400 branches in the initial phase Reliance Industries arm Reliance Retail shuts 60 stores as losses mount Reliance Retail, the retail arm of Reliance Industries, has shut more than 60 loss-making Reliance Fresh stores in the country in the last one year mainly in the value (food and grocery) retailing as it is focusing on reducing losses by shutting unprofitable stores, sources close to the development told FE. Demonetisation had a significant impact on India business in Q4: Indra Nooyi, Global CEO, Pepsico Nooyi said scrapping of high-denomination rupee notes in Nov was a massive change because 80% of the currency was taken out of circulation. Woodland may extend EMI scheme to brick and mortar stores Choose. Buy. Swipe and convert to EMIs. That has been the norm across India, mostly Hidesign aims to triple revenues by 2021 by expanding outside India It plans to open 6 new outlets at airports in the next two months. The first one will open at the T3 terminal of the Delhi airport next week. We all have to grow up to be like the kiranawala: Damodar Mall During a panel discussion at the Retail Leadership Summit, industry leaders offer tips to take retail to the next level Indian fashion stores look for expansion, US counterparts shutting many Macy's is shutting 68 stores, Legacy brand Sears will close 42, Kmart is closing 108 stores Parag Milk forays into whey protein range; eyes 22 pc market share in 5 years Dairy-based branded foods manufacturer and marketer Parag Milk Foods has forayed into whey protein range - Avvatar Absolute - and is eyeing 20-22 per cent market share in five years, a top official sa 'We will use railways more to bring down logistics cost' The revival in aluminium and copper demand has come at the right time for Hindalco Industries which has just completed huge expansion. However, in the last nine months, the aluminium demand grew by just 1.6 per cent and India's retail real estate market poised for growth While 22 micro-markets witnessed stable rentals, 5 markets saw varying levels of rental increments and 3 markets saw a marginal dip in rentals. Reliance Jio free services resulted in 20% revenue loss to telecom industry: Report Ind-Ra said consolidation in the industry will help a quicker return of pricing power. Telecom Sector Skill Council, Cybermedia Research collaborate to empower skill in Indian telecommunications GURUGRAM: The Telecom Sector Skill Council (TSSC) and CyberMedia Research (CMR) have entered into an alliance to work closely in emerging areas within... Vodafone brings 4G to Chennai Chennai:Telecom major Vodafone launched SuperNet 4G in Chennai on Monday. Why India needs lighter internet A lighter internet is essential to bring a billion Indians online TRAI begins operator-assisted drive tests to check call drops TRAI has begun operator-assisted drive test that captures real-time data to monitor the level of call drops and voice quality across multiple cities. Aircel goes for big jobcut, 700 to get pinks slips now Cellular services major Aircel is all set to give pink slips to 700 staff - around 10% of its pan-India staff strength Before GST meeting, experts push for higher tax on bidis Most importantly like earlier years, the budget also - failed to increase the excise taxes on tendu rolled hand-made bidis which almost 98 per cent of the bidis smokers consume instead increasing it on paper-rolled bidis which has a negligible market share - once again keeping bidis a very affordable and practically unregulated poison for its 67.5 million bidi users, according to health groups. Milk output touches 105.42 mn tons so far in 2016-17 In case of eggs, the total output is estimated to be 55.11 billion so far this year, of which 29.09 billion eggs was from monsoon season. The year's target is 87.05 billion. Climate change may hit milk products by 3 million tonnes per year by 2020 The three-day conference will have 23 technical and commercial sessions wherein the scientists and industry experts will present their research and findings. Bombay HC dismisses Ruchi Soya winding up petition IDFC Bank filed the petition in July last year after Ruchi Soya had failed to repay its short term credit. Warehouse automation firm GreyOrange eyes new sectors Warehouse firm GreyOrange seeks to enter consumer goods and pharma sectors at a time when e-commerce firms are trying to conserve cash India business grew despite disruptive impact of demonetisation: Nestle Confectionery also did well with KitKat, the company said in a statement issued from Nestles headquarters at Vevey. After yoga training, Baba Ramdev to supply BSF troops Patanjali products at discounted prices Baba Ramdev is already helping the BSF troops in yoga training. Ramdev (l) is seen here striking a yoga pose with his aide Balkrishna. Why 'him' on juice pack: 9-year-old girl puts Dabur in spot over gender equality After a 9-year-old girl refused to drink Dabur Real juice because the label on its pack said it was meant for "him", Union minister Maneka Gandhi has asked the manufacturer to look into the matter. Mrida launches its FMCG brand 'Earthspired' Mrida, a social business venture committed to upliftment of marginalized and underserved rural communities at the Base of the Pyramid, has formally launched its FMCG brand Earthspired. Convenience overtaking discounts in online shopping: BCG report According to a BCG report, 55% of consumers said in a survey that they shopped online because it was convenient, while 52% said it was because of high discounts Advertisment spends may rise 13.5% in 2017 on digital push The size of the market may swell to Rs 56,152 crore this year, led by a 25% increase in spending on advertising in the digital media, according to the report. E-commerce expected to touch $50-55 billion by 2021: study Maximum jump would be in consumer electronics, apparel, homeware and furniture, luxury, health, FMCG. Early talks on merger of Paytm and Snapdeal, with Alibaba and SoftBank as key players An important player will be Japanese major SoftBank, which is a major investor in Snapdeal, and also has a substantial stake in Alibaba. 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