Feb 21, 2017 - India loosens derivatives limits, widening market for foreigners

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Sree Vijaykumar From the Editor's Desk Say your company needs an invention, process or widget but the research guys are out of ideas. Who ya gonna call? If you're PepsiCo-or, for that matter, Meat and Livestock Australia-the answer is Xinova, a Seattle-based company that essentially rents out brainpower. Xinova has pulled together a network of 10,000 inventors, who have developed a range of products, from flour made from coffee byproducts to a coating that keeps cattle hides from turning into a tangled mess. More 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). India loosens derivatives limits, widening market for foreigners Sebi’s recent change to trading rules has opened the door for fund managers to increase their holdings of derivatives in India 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. Petronet LNG’s impressive showing Shortage of domestically produced gas leading to better demand prospects for liquefied natural gas, or LNG, is what has fundamentally propelled Petronet LNG’s stock Kalpataru Power: strong revenue visibility masks subsidiary troubles Kalpataru Power did not receive any major orders in the December quarter, but it made up with new order wins in the first half of this quarter Havells-Lloyd deal: Why are investors unimpressed? Even as Havells has paid relatively cheap valuations, Lloyd’s low margin profile is understandably a cause of worry Bandhan Bank to focus on retail loans rather lending to corporates Bandhan Bank, which received banking licence in 2014, enjoys a niche in the increasingly crowded banking space because of its focus on the poorer segment. Turn digital or turn into history: RBI deputy governor Mundra to banks As fintech firms grow, they would be coming under a regulatory framework. Banks should capitalise on the fintech ecosystem. Why the removal of withdrawal limits is likely to end India's cashless honeymoon Return of cash, along with limited internet penetration and lack of know-how among masses, will likely make the 2,500-cr transaction target a herculean one. Local telecom gear companies to get access to Rs 6,700cr fund In Nov 2015, PM Modi had proposed in Kuala Lumpur a $1 billion line of credit to support digital connectivity and undertake network-driven initiatives. Govt invites i-bankers to help manage share sale in IRCTC, IRCON, IRFC The government has kickstarted the process of listing three rail PSUs IRCTC, Ircon and IRFC by seeking initial bids from merchant bankers for their respective IPOs (initial public offer) in just less than three weeks of Finance Minister Arun Jaitley’s announcement regarding the disinvestment of these companies. Artificial Intelligence won't lead to job cuts in India, says Microsoft chief Satya Nadella "In a country like India, a services-led economy, there are going to be many, many jobs. There are many things AI will never be able to do," Nadella said. Kanoria Chemicals in talks to raise Rs300 crore The investment will be a structured debt transaction through which Kanoria Chemicals will refinance a large portion of loans taken by its subsidiaries World Bank arm to invest $47.5 million in Granules India International Finance Corporation, the private-sector arm of the World Bank, is planning to provide $47.5 million (Rs 318 crore) in debt funding to drugmaker Granules India Ltd. The corporate loan will help the company execute its expansion programme, IFC said in a disclosure note. IFC said the company is setting up a bulk-drugs manufacturing facility in Vishakhapatnam, expanding existing capacities and investing in R&D to improve its product mix in favour of higher value-added products. This programme is estimated to cost about $84 million, IFC said. Why Start-up India's $1.5 billion fund-of-funds needs to succeed Rs10,000 crore Fund-of-Funds for Start-ups that would invest in local venture capital funds which would, in turn, back early stage start-ups remains a bit of a non-starter Designing the bad bank of India Bad loans have now shot up by 135 per cent from Rs 261,843 crore in the last two years, despite the Reserve Bank of India announcing a host of restructuring schemes. Will housing companies and banks coexist in an expanding market? Housing is the buzzword now with housing finance companies and banks betting big on it as the government aims to attain a "Housing for All". Bharat QR code launched to push less-cash economy Developed by NPCI, Mastercard, and Visa, BharatQR code would require merchants to only display one QR code instead of multiple ones. China’s CNPC buys stake in $22 billion Abu Dhabi oil venture Abu Dhabi National Oil Co. awarded CNPC an 8% stake in the onshore venture in return for a $1.8 billion signing bonus Should short-term debt funds have a cap on maturity? In the recent policy review, the Reserve Bank of India (RBI) did not cut interest rates, and yields shot up. Many debt funds made big losses that day. We ask experts if there should there be an industry-wide, cap of the average maturity of short-term debt funds CreditMantri eyes Rs 51 crore in Series B funding Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors, said a report in a financial daily on Monday. Citing filings with the Registrar of Companies (RoC), The Economic Times reported that the company has approved the resolution for the fund-raise. Keki Mistry says HDFC Life-Max Life merger is a structural change "The structure that we proposed in the transaction is that a non-listed Max Life will first get merged with Max Financial Services which is a listed entity." Govt allocates Rs 500 cr to India Post Payments Bank New Delhi, Feb 13 () Government has allocated Rs 500 crore to India Post Payments Bank for financial year 2017-18 as it gears up to set up 650 branches across country by September 2017. BharatQR code to boost retail e-payments Dabur launches Amla Plus under Real Wellnezz brand Dabur's foods business, which includes packaged fruit juices and beverages and culinary pastes, contributes 18% to its domestic FMCG revenue, accordin.. Microsoft nabs Indian ecommerce giant Flipkart for Azure as cloud wars heat up Microsoft has announced a “strategic partnership” with Flipkart that will see the Indian ecommerce titan adopt Microsoft’s Azure cloud platform. Freedom from PoS: BharatQR launched to make retail e-payments more seamless Interoperable, low cost acceptance solution developed by NPCI, Mastercard and Visa Alibaba expands bricks-and-mortar retail push with Bailian deal Bailian operates 4,700 outlets in 200 cities including supermarkets, convenience stores and pharmacies - more than double the stores owned by Suning, Intime and Sanjiang combined. Net neutrality at risk again, this time in the US The new chairman of Federal Communications Commission has opposed many of the agency’s reforms, including the net neutrality regulations passed in 2015 By 2020, 40% of voice calls will be on VoLTE, says Aircel CTO He said in the next three to four years there will be a large number of VoLTE handsets, along with large 4G sites, that will make VoLTE more popular. Second undersea cable to be launched today Bangladesh Submarine Cable Company Ltd (BSCCL) is going to inaugurate its second undersea cable connection from India's record satellite launch ramps up space race: Chinese media China may fast-track the commercialisation of its rocket launches after India's success, state run media quoted Chinese officials as saying. Vodafone-Idea Merger Agreement Said to Be Likely Finalised Within a Month British telecom major Vodafone has brought in Martin Pieters, former Managing Director and CEO of its Indian arm, to work on proposed merger of Vodafone India with Idea Cellular, sources said... ASEAN can utilise India's telecom expertise: Sinha India on Monday offered to share its expertise with Asean's member-countries in the development of their telecom and digital connectivity sectors. Reliance Jio pushes telecom consolidation as Tata Tele joins merger chorus; may hitch with R-Comm-Aircel-MTS Telecom sector consolidation is gaining momentum with the biggies Tata Teleservices, Reliance Communications, Idea Cellular and Vodafone India involved in merger talks, as the incumbents look for scale and operational efficiency to take on the onslaught of competition from the giant new entrant Reliance Jio. Ice creams set to cost more as input prices surge In the past one year, the skimmed milk power prices have risen 90%, sugar 30%, white butter 40%, and milk by over 30%. Britannia signs MoU with Greece’s Chipita for joint venture in India Britannia will likely hold the majority stake in the venture that will involve an initial manufacturing investment of about $11million. Nestle India finds a sweet spot in elderly Indians Nestle India is accelerating its efforts to be on the right of consumers who are swiftly shying away from junk food. From cutting sugar in its beverages to fortifying snacks such as Maggi, the Swiss food giant has embarked on an exercise to make its products healthier. Group of secretaries recommend additional tax on saturated food items New Delhi, Feb 20 (PTI) A group of secretaries have recommended putting an additional tax on saturated food items, a top Health Ministry official today said. Eveready Industries plans to restructure packet tea business The move follows the dry cell battery manufacturer's decision to 'provide sharper focus' to its packet tea operations, chart out a higher growth trajectory and rope in a strategic investor. Ruchi Soya Industries faces bankruptcy law suit When a loan is given without any collateral, it is called unsecured credit. The company is taking appropriate legal recourse. Bakery giant Monginis revives Southern plans after 20 years, opens shut plant in Hyderabad The company has revived one of its old plants in Hyderabad for this venture and plans to set up a new factory in Andhra Pradesh by 2018 and is in advance stage of discussions. Nestle looks to diversify into premium coffee, cereals It is also planning consolidating its offerings and adding new categories so as continue with double digit growth. Demonetisation hit our sales by Rs100 crore, says Nestle India chairman Nestle India had reported a decline of 8.66% in its standalone net profit to Rs167.31 crore for the December quarter Warehouse leasing growth continues in 2016, demand picks up in small cities Companies from the engineering and manufacturing sector and e-commerce leased 22% of the total space transacted during 2016. Capital Foods targets Rs 500 cr revenue this fiscal Capital Foods sells Ching's Secret brand of instant noodles, masalas, sauces and Smith & Jones range of ketchup and ginger garlic paste. Differentiated tax in GST good for beverages sector: Coca-Cola Lucknow, Feb 12 () Amid proposal to impose higher taxes on aerated drinks in the upcoming GST, beverages major Coca-Cola India says it will be beneficial for the sector if the government differentiates products within new indirect tax regime based on sugar/calorie content to promote public health. No strong growth in next few months: Dabur New Delhi, Feb 12 () Trying to shake off the effect of demonetisation and remaining cautious on the "GST overhang", FMCG major Dabur does not see strong growth tailwinds in the next few months, saying it will take longer for the trade to re-balance. ITC plans to set up multi-specialty hospitals New Delhi, Feb 10 () Diversified group ITC plans to set up multi-specialty hospitals and leverage its experience in hospitality for tapping into the expanding medical tourism segment in India. 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