Feb 20, 2017 - Gold prices are not doing in practice what they should in theory, yet again

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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). Gold prices are not doing in practice what they should in theory, yet again Gold prices are up about 7% since the US Federal Reserve raised rates on 14 December 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. The cost of RBI intervention: Indian firms blind to rupee risks The rupee’s one-month implied volatility slumped 28% in the two years through December 2016. The drop is the biggest in Asia 2 US delegations start India visit today amid bid to cement ties with Trump govt India is likely to convey its concerns to the US delegations on the Trump administration’s plans to cut the H1B and L1 visas used by Indian software professionals How will Havells’ acquisition of Lloyd shake up the personal grooming market? There is a huge gap in the personal grooming market, which a homegrown line of products can address, says Saurabh Goel, executive vice-president at Havells State Bank of India merger to squeeze jobs of sportspersons? The proposed merger between State Bank of India and its associate banks has created a flutter among hundreds of sportspersons. Debt pain of Indian Oil, Bharat Petroleum eases as fuel reforms pay off An improving credit profile is allowing refiners to raise long-term funds at cheaper rates to fund expansion When Rajiv Bansal walked out of an Infosys board meet on Panaya acquisition Former CFO Rajiv Bansal had felt that Infosys was paying too much for Israel’s Panaya—an argument burnished by an anonymous whistle-blower’s email Edelweiss ARC makes Rs 500-crore bid for Adhunik Edelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about rejigging loans to revive the company and salvage their money, a senior banker told ET. Government mulls proposal to free up retail FDI policy but only for India-made goods The policy under consideration applies to both offline and online retail and would remove restrictions on companies such as Walmart, Tesco, Amazon and others. Paytm to invest Rs600 crore over 10 months to expand QR code payment system Mobile wallet firm Paytm aims to add 10 million merchants enabled with QR codes across 650 districts by December Carlyle, TPG, Warburg Pincus in talks to buy stake in Indira IVF Hospital Infertility clinics chain Indira IVF Hospitals is looking at a valuation of $600-800 million as promoters look to sell a 10-20% stake HSBC, UBS stop issuing P-Notes as India steps up clampdown Sebi has shared with the government for further action a list of foreign fund houses that are found to have issued P-Notes Bandhan Bank to retain focus on mircocredit for now, says CEO Turning from a microcredit institution to a universal bank within one-and-half-years, Ghosh believes serving those at the "bottom of the pyramid" is the right strategy to expand business for a bank. Banks look for insurance as cyber threats increase Country's largest lender State Bank, which fell victim to cyber frauds late last year, is now considering insurance to protect its over 30 crore customers. The return of the bad penny: merger of oil PSUs There is a certain kind of predictability about some ideas. No matter how emphatic the rejection, they make a comeback—it is almost as if bad ideas have a homing device embedded in them.  RBI asks custodians not to settle all FPI trades in HDFC Bank BSE uploaded the notification at 1.39:18 pm on Friday while NSEs notification was uploaded at 1.38:40 pm on Friday, according to the message by the foreign custodian to clients. State Bank of Travancore to raise up to Rs600 crore ahead of merger with SBI State Bank of Travancore will raise up to Rs600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement Amazon plans to bring audio books service to India It is talking to biggest book publishers like Penguin Random House, Harper Collins and Juggernaut Food processing can generate $33 bn in funds, 9 mn jobs by 2024: Study The Indian food processing sector has the potential to attract $33 billion of investment and generate nine million person-days of employment by 2024, industry chamber Assocham said on Sunday, citing i Retailers can see 15-20 per cent higher sales by digitising core biz: Report Digitising the business can help retailers with early trend detection, real-time feedback, customer-centric buying, optimised . L'Opera to add 50 outlets across India by 2021 Delhi-based French patisserie and bakery chain L'Opera is looking to add 50 outlets across India by 2021 for which it will raise around Rs 40 crore. The chain currently has 16 outlets in Delhi, Gurugram and Dehradun. "We plan to open 50 outlets Demonetisation has put Digital India mission on fast track, writes Godrej Nature's Basket MD Avani Davda Demonetisation has been a bold move and while it has had its ups and downs, it bodes well for the organised retail sector overall. After drones, Amazon plans parachute drops for deliveries US e-commerce giant Amazon was awarded a patent earlier this week for a system in which a package would be forcefully propelled from an unmanned aerial vehicle (UAV) and would be helped to land by tools including a parachute. Urban Ladder ties up with Tata Housing Urban Ladder, which has started selling on marketplaces such as Amazon India and Flipkart, is also looking at offline strategy to expand its retail presence. eKYC to cost telcos Rs 2500 crore, says COAI Re-verification of existing mobile subscribers through Aadhaar-based eKYC will set back the telecom sector by Rs 2,500 crore, lobby group the Cellular Operators Association of India (COAI) said in a l Telecom Exports from India to be the focus of ASEAN-India Digital Partnership Telecom Exports from India to be the focus of ASEAN-India Digital Partnership Telecom operators likely to see washout in Q3, losses may follow in Q4 Telecom regulator TRAI knows that the free voice, 4G data and roaming services by Reliance Jio from September 2016 till March 31, 2017 have started impacting rival mobile operators’ revenue and the growth of the industry. All telecom operators – Bharti Airtel, Reliance Communications, Vodafone India, Aircel, Idea Cellular, MTNL, BSNL and Tata Teleservices are … What I read this week: M As in India's telecom space may lead to 25000 job losses In employment generation, one sector bites the dust. Consolidation is the new buzz word in telecom industry, after the debut of a new player with deep pockets. Call browse on board: DoT proposes connectivity on aircraft Wireless internet on aircraft is provided through an on-board router which is connected to the aircraft’s antenna. 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. 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. 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. GST: No respite for Flipkart, Amazon, Snapdeal on tax collection at source Online retailers such as Flipkart and Amazon have been lobbying against tax collection at source, saying it will encourage sellers to choose offline channels 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. 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 How to woo the local customer with global features Panelists at the Retail Leadership Summit opine that while the product should be global, the retail strategy should be local 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