Apr 26, 2017 - Mahindra Finance: down but not out

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Sree Vijaykumar From the Editor's Desk This scenario painted by Ida Auken, member of parliament Denmark is a 'Black Mirror' situation from the future, with a difference. I don't own a car. I don't own a house. I don't own any appliances or any clothes. It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much. Once in awhile I get annoyed about the fact that I have no real privacy. No where I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me. More here Advertisers of the day Gartner Webinars: Data & Analytics Leadership and Vision 2017 R P Singh: Register for Asia's Largest Content Marketing Summit (Exclusive Discount for TradeBriefs Subscribers)  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). Mahindra Finance: down but not out Given that the Mahindra Finance stock has recouped most of the losses that it suffered during November and December, it seems the good news has been factored in 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. Sequoia Capital invests $20 million in Awfis, a shared workspace start-up Shared workplace start-up Awfis Space Solutions will use Sequoia Capital’s $20 million investment to fund its expansion plans Banks levy numerous fees on customers for services. Is it cost cover or easy money? In the battle for fees, banks should realise that maximising profits is a short-term game and a fair game could sow the seeds of long-term profits. Stressed assets: 'Mergers could help; fewer but healthier banks better' “As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks,” Patel said. Govt sets cost-cutting targets for 10 PSU banks before capital infusion The 10 public sector banks including IDBI Bank, Indian Overseas Bank, UCO Bank and Bank of India have been hit the hardest by mounting bad loans Green Investment Bank may invest in Lightsource India Green Investment Bank’s interest in Lightsource India comes in the backdrop of a Macquarie-led group agreeing to buy GIB from the UK govt for £2.3 billion Government giving top priority to addressing bad loans: Arun Jaitley It's not a problem spread over hundreds of thousands of accounts...And it's not impossible for a large economy like India to resolve 20 to 30 accounts, he said. The changing face of the urban leisure economy As the movie-going experience in India evolves, it offers a fascinating view of the interplay of urbanization and migration, growth and equality S Chand raises Rs219 crore from anchor investors ahead of IPO The S Chand IPO comprises fresh issue of equity shares up to Rs325 crore India a bright spot despite disruptive reforms: Survey ‘We need a culture of innovation which accepts bankruptcy’ Aye finance empowers expansion of south Indian MSMEs In order to empower the expansion of the Indian MSME sector , Aye Finance is delivering business loans against mortgage or simple hypothecation accessible to India's thriving and underserved MSME sector.Founded in the year 2014 by bankers Sanjay HSBC wins mandate on $100 billion Saudi Aramco IPO HSBC is confident it can maintain dividend payouts in the foreseeable future and expects to exceed risk-weighted asset and cost-saving targets, says Stuart Gulliver Public sector banks merger could help banking system: Urjit Patel The RBI Governor said a challenge that India’s central bank was grappling with was the large stressed banking sector balance sheets. Tata Power to sell non-core assets, improve efficiencies to offset Mundra impact Tata Power plans to sell non-core investments to counter the impact of the SC ruling that disallowed it to charge higher tariff from its Mundra plant Maharashtra to get 50,000 new mini bank branches At the peak of the demonetization exercise last year, the government had announced that it will equip all 5.58 lakh ration shops across the country for cashless transactions. Amazon India holds first workshop for tribal entrepreneurs Amazon has collaborated with the Gujarat Tribal Development Department to educate and help tribal entrepreneurs understand the nuances of online selli.. Mattel to open exclusive stores on Amazon, Flipkart The expansion on e-commerce platform is in line with Mattel’s strategy to enhance accessibility of its products and provide greater value for money .. Himalaya launches exclusive mom and baby store Franchiseindia.comHerbal health and personal care firm Himalaya Drug Company has launched exclusive mom and baby company stores in Bengaluru to take on market leader Johnson & Johnson which holds more than 50% market share in the baby care segment in India. The cutthroat jobs strategy Amazon uses to conquer retail You’ll need to be an Amazon Prime subscriber to watch. Patanjali is shrugging off its latest controversy by blaming India's food regulatory authorities once again The Patanjali Ayurveda said its amla juice is an ayurvedic medicine and test on it should be conducted as per the norms of the AYUSH Ministry. Trai to invite stakeholder comments on spectrum auction in 15 days 'Everything will be on table including revision of the 700 MHz price as a part of consultation process' GST impact: Government may slap customs duty on imported mobile phones An inter-ministerial committee, comprising representatives from the finance, commerce, and telecom and IT ministries, has been set up to examine the issue. Ericsson to start 5G lab trials in India this year, in talks with telcos to deploy 5G plug-ins: Joakim Sorelius Sorelius said that Ericsson is planning to start lab trials for 5G during this year in India. He said the company will see 5G products contributing to.. '2G Elephant, Many Blind Men': A Raja's Final Arguments In Telecom Trial Former Telecom Minister A Raja, accused of commandeering one of India's biggest ever swindles, presented his concluding arguments today in a Delhi court. Google launches Indian Language support across products Google has launched a new set of products and features enabled with different Indian languages Ericsson India revenue drops 10% to $271 mn in Q1 Ericsson India has posted 10 percent decrease in sales to SEK 2.4 billion or $271 million during the first quarter of 2017. Ericsson India, a leading telecom equipment maker in the country, said it generated SEK 1.8 billion revenue from network business and SEK 0.6 billion from IT and Cloud business and nil revenue from … Mobile subscriber base in India increases by 5.68 million to reach 895.25 million in March 2017 The mobile subscriber base of seven telecom operators, including Bharti Airtel and Vodafone, increased by 5.68 million in March to reach 895.25 million, according to industry data. Australia consumer inflation highest since 2014 in Q1 AUSTRALIA-ECONOMY/INFLATION (INSTANT VIEW):INSTANT VIEW-Australia consumer inflation highest since 2014 in Q1 Coca-Cola India sales volume dips in first quarter Venkatesh Kini says the firm is gearing up to launch first juice-based carbonated drink in India Manoj Bajpayee Brand Ambassador of Paan flavored Polycrol launched by Piramal Enterprises   Mumbai:Piramal Enterprises’ Consumer Products Division announces the launch of Paan flavored ‘Polycrol’, its leading antacid brand. The new Polycrol variant provides users with a pleasant after-taste while offering quick relief from acidity. The brand has also roped in Bollywood actor Manoj Bajpayee as its brand ambassador. Polycrol is one of the leading antacid brands … GCPL to sharpen focus on out-of-home category, rural areas Home-grown FMCG firm Godrej Consumer Products Ltd (GCPL) is focusing on rural areas and out-of-home category to drive growth of the home insecticides (HI) business in the domestic market. GCPL to sharpen focus on out-of-home category, rural areas GCPL's Good Knight brand is focusing on the rural market while Hit brand is targeting the urban customers . Alarm bells for McDonald's, KFC: Patanjali planning to launch chain The home-grown FMCG brand has plans to invest Rs 5,000 crore on expansion of its various verticals. Amul vs HUL: 5 legal battles over brands that can decipher the case While HUL and Amul are fighting in Bombay high court over ice creams, here are other legal battles that have seen firms accusing each other of ‘disparaging’ their brands Tiger Logistics (India) signs MoU with P G Associates | Business Standard For exploring business opportunities in Defence and Paramilitary Logistics Army takes Patanjali's 'unsafe' Amla juice off its canteens The sales have been suspended after a state-laboratory test declared the product unfit for consumption. Amla juice was one of Patanjali Ayurveds first consumer launches. FMCG companies watch out, these startups mean business The FMCG market, set to grow to $200 billion by 2020, is headed for exciting times with a clutch of startups daring to take on the established players. Fizzing with ideas: Indian start-up mirrors changing face of retail Five years ago, three university friends decided to take a break from their blue-chip jobs and do something very different in the food industry. What they have achieved since then says as much about about the changing face of Indian retail and food consumerism as it does about their ability to spot and then capitalise on a lucrative niche. Flipkart makes changes to text that had appeared to restrict refunds on some popular items Language used on the site last week suggested that returns policy would only allow replacements in categories likes books, fashion and others in the e.. Google's Indian bonanza: Support to 22 Indian languages across products Continuing with its commitment to bring the internet alive for a billion Indians, Google on Tuesday announced a new set... Why Flipkart CEO Kalyan Krishnamurthy is offering you his job for a day To stand a chance to win, applicants were required to write a statement of purpose stating why they should be selected to be the CEO for a day E-commerce top employing sector for interns The areas in which internships saw the highest traction included programming, digital marketing, design, analytics, and sales and marketing. Paytm Mall offers same-day delivery, installation of big appliances With this offer, the marketplace aims to make the most of high margins and prices that the large appliances segment offers. 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