Apr 19, 2017 - Farm loan write-offs win votes in India, but may hurt economy

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Sree Vijaykumar From the Editor's Desk You realize a company is a market leader when you hear its CEO credibly say that one of his biggest competitors is sleep!. We are talking about Netflix here. Another way to think about it is that Netflix is competing for its customer's time. So if you are addicted to a show on Netflix, how long you decide to stay up at night decides how engaged a customer you are for Netflix. Well there's always Amazon and others, but the real competition is well... sleep! Advertisers of the day LODHA New Cuffe Parade: Launching LODHA Altia: A 44-storey new tower with lavish 1, 2 & 3 bed residences starting Rs 1.53 Cr Hyatt Hotels: World of Hyatt.  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). Farm loan write-offs win votes in India, but may hurt economy Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) 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. Recovering Vijay Mallya loans a long way off for banks For banks, Vijay Mallya’s arrest in London was only the first step towards recovering Rs9,000 crore in loan default by his grounded Kingfisher Airlines Supply chain finance: The Indian approach is outdated A rapid increase in options for small firms, and intermediaries willing to take on risk will put pressure on the large firms that abuse the smaller suppliers. Brand names are losing ground to private-label goods, regardless of rising incomes Researchers note that private-label goods are rising as a portion of total consumer goods expenditure, by half a per cent a year RBI orders banks to review loans to telecom sector While the RBI’s deadline on cleaning up the banks’ balance sheets will be over by Q4 of 2016-17, banks are preparing to make further provisions in the Q4 results. India eases rules to allow merger of Indian companies with foreign firms “Until now, only inbound mergers were permitted. With outbound mergers now permissible, there would be a lot of opportunities for Indian companies," an expert said. Wholesale bank plan: Is it a non-starter? Weak state-run banks like Indian Overseas Bank, IDBI Bank, Bank of India and Union Bank of India are in for regulatory action if the tightened prompt corrective action (PCA) is implemented properly, warns S&P in a report. SoftBank may invest $1.5 billion in Paytm A $1.5 billion fundraising from SoftBank will increase Paytm’s valuation to $7-9 billion and will make the Japanese firm one of the largest shareholders alongside Alibaba Indian CEOs more optimistic than global counterparts: PwC According to the results of PwC survey, 71% of India’s CEOs are very confident of their company’s prospects for revenue growth over the next 12 months as opposed to 64% a year ago Lighthouse Funds plans $200 million third fund, its largest so far Lighthouse Funds currently has a corpus of approximately $235 million Green energy firms explore portfolio mergers to aid sell-off There has been a host of investors such as Investment Corporation of Dubai, Singapore’s GIC looking to invest in sectors such as clean energy in India Motilal Oswal Real Estate to invest Rs800 crore in current fiscal Motilal Oswal Real Estate is currently raising capital for IREF-III, a Rs1,250 crore fund Govt to sell 10% stake in Nalco today in early start to disinvestment The government will open the first divestment account by selling up to 10% stake Nalco and may mop up over Rs600 crore IndusInd Bank to raise Rs 1,000 crore via bonds The approval has been given by the finance committee of the board, the bank said in a regulatory filing. SBI Card starts charging Rs 100 on small payments via cheque The move, SBI Card said, is aimed at encouraging digital payments in line with the government's policy. Sebi may allow investors to buy mutual funds via digital wallet Sebi is looking to allow investors to buy mutual funds worth up to Rs50,000 through digital wallets in a move aimed at enabling speedy and easy transactions SBI market cap crosses ONGC’s, becomes India’s most valuable PSU firm SBI becoems India’s most valuable PSU firm after market cap rises to Rs2,35,307.51 crore , about Rs2,961.79 crore more than that of ONGC Availability of cash-dispensing ATMs continues to worsen: Survey Delhi recorded the highest availability of cash- dispensing ATMs, with only 11 per cent unable to find money in ATMs during the mentioned days, the survey said. After SBI, more public sector banks' merger on cards State Bank of India absorbed five associate lenders and Bharatiya Mahila Bank earlier this month, boosting India's No. 1 banks financial muscle. Jubiliant Life Sciences raises Rs100 crore by issue of commercial papers The tenure of the instrument is 63 days, says Jubiliant Life Sciences in a BSE filing. The company, however, did not specify what it planned to do with the money raised When India Inc scions branched out on their own There are many examples of offspring who left the family business to pursue their own interests Fino Paytech to help Nabard digitise rural banks across 5 states Payments Banks are planning to utilise the large nation-wide UID (Aadhaar) coverage, to help rural masses with Aadhaar enabled micro ATMs. P&G, Future Group join hands to crack Indian retail puzzle The two companies have met nearly four times over the year in India and the global headquarters of P&G at Cincinnati to take their association beyond the retailer-client relationship. Future Group's Brand Factory to open around 250 stores in 5 years Brand Factory retails around 200 brands out of which 30% forms their own brands in the stores. E-tailers not making much progress in India: Adi Godrej "They (e-tailers in India) are not making much progress, even modern retail in India is not making much progress," the Chairman of the Godrej Group to.. Lenskart-owned John Jacobs to invest Rs 30 crore, plans international expansion The brand is also preparing to enter new markets like the US and Canada to expand its presence globally, having already established presence in South .. Amin Kassam appointed chief-retail operations, Shoppers Stop Leading fashion retailer Shoppers Stop on Monday announced the appointment of Amin Kassam as the chief of retail operations.Kassam will be responsible for spearheading retail operational efficiencies, enhancing customer experience, aligning Amazon's Fresh New Look sale achieved 1.5x overall sale The event has marked 1.5x growth in total customers and close to 1.5x increase in new customers. FSSAI nod for selling edible oils via vending machines in WB The project has been sanctioned last week. E-way bills under GST get mixed signals from logistics players Firms frown over more documentation, but smile over easier funds flow Home Food Spencer's Retail expands footprint in Vishakapatnam, opens 12896 sq.ft. store in city Spencer’s Retail, an RP-Sanjiv Goenka Group Company, announced opening of its 12,896 sq.ft. in Vishakapatnam. Located at Marripalem NH 16, near R&B Junction, the new Spencer’s store launch mak Airtel scores highest in 4G speed but Jio wins in signal availability With the launch of the Reliance Jio service, it has become quite easier for people in many ways. Read more... Bring Call Drops Under Consumer Protection Act: Parliamentary panel In response to Trai’s consultation on Approach Towards Sustainable Telecommunications, operators have flagged concerns such as ‘sensitive areas’ , non-standard towers like poles etc and high costs in deploying infrastructure which uses renewable energy How Jio digitally transformed India and built a 4G LTE network in 170 days Latest Indian mobile carrier Jio brings life to an all-LTE network covering the entire Indian subcontinent by selecting Samsung as a single network partner. LG plans to make India export hub LG, which has two manufacturing units in India, exports to the Middle East and countries in the eastern coast of African continent. Snapchat shares drop following CEO's alleged "India too poor" comment The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by.. Are mobile startups in India failing customers with non-features to cover up critical performance issues old tech? Growing a business is not just marketing or the business leaving the trusting customer in a lurch, but taking him along. It is important to remember here that word of mouth eventually always wins. Need 1 lakh mobile towers a year: Telcos Arguing against any further reduction in electro-magnetic radiation levels mandated for mobile towers, the telecom industry has said 1 lakh new towers are required annually to expand and provide seamless services across the country , including newer and advanced technologies such as 4G and proposed 5G, and internet of things (IoT). Consumer body draws plan to curb adulteration Nagpur: In a bid to check adulteration of milk which is one of the major causes of health problems, especially among children, the Consumer Guidance Society of India (CGSI) has plans to introduce a machine that will effectively help curb malpractices. To protect consumers, focus on basics The Central government’s role is to lead on innovations in better branding, labelling and disclosure norms, and update the supporting regulations. Procter Gamble Raises Dividends For 61st Consecutive Year In A Row First of all, if Procter & Gamble reinvested all money back into the business, there is no guarantee that this would result in a profit. E-tailing is not making much progress in India, especially for FMCG believes Adi Godrej "They (e-tailers in India) are not making much progress, even modern retail in India is not making much progress," said the Chairman of the Godrej Gro.. IMD monsoon 2017 forecast: Normal rain, fair distribution across India IMD expects 96 per cent of long period average (LPA) in this monsoon season Ramdev's Patanjali looks at restaurant business to counter McDonald's, KFC Patanjali is considering to enter the restaurant business to counter rise of foreign firms such as McDonald’s and KFC. The decision has not yet been taken. No more free 'beer' from Delhi Univ neem tree The oozing of the ‘beer-like’ liquid from a neem tree on Delhi University’s north campus stopped a few days ago, leaving tipplers high and dry. Dabur plans call centre for ayurveda Dabur, whose consumer approach is based on a range of products described as ‘natural, will have a call centre for ayurveda to advise buyers on health issues and prescribe drugs. 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