May 31, 2017 - Govt begins process to sell 10% in NTPC, 4 banks to manage offer

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk ComScore data suggests that half of U.S. smartphone users download zero apps each month. If you can get users to hit download, only 36 percent of apps are retained after one month and only 11 percent for a year. Even worse, the average app loses 77 percent of its daily mobile users (DAU) within the first three days, and 95 percent of apps aren't used regularly after 90 days. Engagement is key! So, are apps dead? No, but if you are building a digital business the numbers show that a maniacal focus on apps to the exclusion of other channels is increasingly dangerous. More here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Govt begins process to sell 10% in NTPC, 4 banks to manage offer The government currently holds a 69.74 per cent stake in NTPC. 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. GST will spur 1,000 new listings, says BSE chief GST rollout will help smaller firms become tax-compliant that could spur 1,000 companies to list over the next four years, says BSE CEO Ashishkumar Chauhan Deceptively quick, India's economy seen staying course as global pacesetter The latest GDP data could add fuel to the debate as it will rely on newly rebased indices for wholesale prices and industrial production, which analysts say will increase chances of the headline growth figure surprising on the upside. Hindalco’s profit growth likely to continue Sharp declines in interest outgo, strong cash flows help Hindalco, How India’s GST in its current avatar deviates from global practices A multi-tier tax structure and complex rules make GST implementation a herculean task Strategic, operational benefits from the merger below expectation: Jayant Sinha Minister of State for Civil Aviation Jayant Sinha said Air India and Indian Airlines merger in 2007 did not yield the desired strategic and operational benefits as was expected. The Reserve Bank of India is changing again Reserve Bank of India (RBI) Deputy Governors Viral Acharya and NS Vishwanathan met bank chiefs to discuss the top 50 stressed accounts. Small finance banks see asset quality deteriorate Small finance banks are showing elevated signs of risk as asset quality deteriorated post demonetisation in November RBI tells Catholic Syrian Bank to settle valuation issues with Prem Watsa’s Fairfax RBI’s directive to Catholic Syrian Bank to settle valuation issues with Fairfax comes amid interest from PE firms Aion and Everstone to pick up stake in the lender Piramal Finance invests Rs565 crore in auto component firms RSB Group, Indoshell Mould The investments in auto components firms RSB Group (Rs275 crore) and Indoshell Mould (Rs290 crore) were made through Piramal Finance’s Corporate Finance Group Cadila Healthcare plans to raise Rs1,000 crore via QIP Ahmedabad-based Cadila Heathcare’s QIP plans come at a time when pharma stocks are under pressure amid Sensex, Nifty record highs EU agrees rules to give more companies access to venture capital EU-FUNDS/VENTURECAPITAL:EU agrees rules to give more companies access to venture capital How India Post Payments Bank prepares for a new life from money order to mobile banking India Post, which has almost become extinct to a generation of people in urban India, prepares for a new life under India Post Payments Bank by marrying its almost 1.5L physical branches. Banks urge RBI to soften qualifying norms for S4A scheme Many state-run banks are precariously low on capital adequacy; and in cases like IDBI Bank, the regulator has imposed restrictions on lending and other activities. RBI calls for account number portability, banks wary Deputy Governor S S Mundra warns lenders against using charges on maintaining minimum balance to deny services to customers India waiting with open arms for German investments: Prime Minister Narendra Modi "Tension is not good for investment. It is important we join forces in pushing to reopen negotiations, to ensure stable trade relations for the future," Modi said. Citi to sell fixed-income index unit to London Stock Exchange for $685 million Citigroup agreed to sell its fixed-income analytics and index business to London Stock Exchange for $685 million in cash following a strategic review of the unit Some banks use service charges to drive away customers: S S Mundra RBI deputy governor S S Mudra today said that few banks are using charges on maintaining minimum average balance in accounts for availing some of their services to drive away customers. Are e-wallets good for gold? You can buy and sell gold in digital and physical forms through your Paytm e-wallet Aditya Birla Fashion plans to trim Forever 21 to turn the label profitable "Our goal is to turn positive in Forever 21 next year, which is the first landmark we have set for the brand," Ashish Dikshit, business head at ABFRL, said. 2 panels to give inputs on investments, e-commerce Will take a view on India’s position in the two areas at WTO, other trade negotiations Are Jio's 4G gear imports duty free? Telcos may have to cough up hefty customs duty if govt thinks otherwise If govt decides that 4G equipment is not covered under Information Technology Agreement, telcos may have to pay hundreds of crores of rupees in customs duty. Mobile Money In India: Does Digitalization Follow Demonetization? India's largest mobile money company – launched Paytm Payments Bank, having received the last clearance from the RBI. India device makers brace for sales tax impact – report The Prime Minister’s Office is reportedly considering raising the import duty on mobile phones to shield local phone makers in the goods and services tax (GST) regime. This would violate India’s commitment to waive import... India to hold India Mobile Congress from Sept 27-29, to attract investments in telecom and manufacturing The India chapter will be an annual event starting September this year, which will have 5,000 paid participants and 800 exhibitors, aimed at facilitating governments flagship programmes. India Mobile Congress to showcase India's telecom prowess: Telecom minister Communications Minister Shri Manoj Sinha announces International mega event India Mobile Congress 2017, unveils Logo Pain from India's phone wars extends beyond RCom's sibling spat RCom reported a net loss of Rs 966 cr for the fourth quarter of the fiscal gone by compared to a net profit of Rs 90 cr in the same period last year. Nestle India wants to make Maggi noodles healthy, cuts down on salt and adds iron The plan to cut down salt content in Maggi noodles is part of Nestle’s global strategy to reduce sodium, saturated fat and sugar. Ahead of GST roll out, Indian economy gets a consumer spending boost as note ban impact wanes The impact of the new tax regime is not clear -- some items are expected to be cheaper -- but the prospect of a price rise is seen pushing some people to buy ahead of July. Procter Gamble Mideast chief says region's 'mindset needs to change' If Procter & Gamble (P&G), the giant US consumer products group, were a country, it would be the 45th biggest in the world ranked by its market capitalization and 75th ranked by profits. Jammu to be hub for export of quality basmati rice: SKUAST-J Experts on Tuesday said that Jammu will become a hub for export of quality basmati rice in India.This was said during a one-day workshop on ‘Quality improvement in production of Basmati rice for export’ at Chatha, wherein about 225 farmers from Basmati rice growing region of Jammu, Samba and Kathua districts participated and was attended by the national and state level experts of Basmati rice.According to a statement, the workshop was organized by Sher-e-Kashmir University of Agricul Build Business on No-Discount Model Indian Hospitality Sector News - , F&B-Gourmet Asian food is neither affordable nor readily available for the common masses. 48East delivers fine Asian gourmet food at your doorstep to bring awareness about the diversity of Asian food and offer eclectic Asian cuisine at an affordable price on demand. US consumer spending jumps; monthly inflation rebounds USA-ECONOMY/ (WRAPUP 1):WRAPUP 1-U.S. consumer spending jumps; monthly inflation rebounds GST will level the field and formal sector will benefit: Titan MD Bhaskar Bhat In an interview with Moneycontrol's Malini Bhupta, Titan's MD Bhaskar Bhat talks about the company's plans in FY18, the categories they will focus on and how they are all about lifestyle. The ever-slowing salary hikes at Indian companies Those in jobs in the private sector have always consoled themselves, when the issue of long working hours and little job security With FMCG stocks fillip, equity markets close at new highs Flipkart's COO quits; Krishnamurthy's grip tightens- PocketNow (press release) (blog) Seth's exit will give more power to Kalyan Krishnamurthy, who took over the HR function last week How India Post Payments Bank prepares for a new life from money order to mobile banking India Post, which has almost become extinct to a generation of people in urban India, prepares for a new life under India Post Payments Bank by marryi.. Tata CliQ launches one week sale The sale is offering various deals and offers from over 100 brands. Changes in MEIS policy to make Indian e-commerce retail exports feasible: Study The huge potential of e-commerce towards retail exports from India will only be feasible through modifications in the current Merchandise Exports from India Scheme (MEIS) policy under the Foreign Trade Policy (FTP) 2015-20, a recent study said here 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

May 30, 2017 - Bitcoin's rapid surge raises reasons to question latest frenzy

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk The general consensus is that in the past, technology has created more jobs than it has destroyed. As manufacturing and other 'core' jobs got automated, goods got cheaper and it increased people's purchasing power. As these people aspired for better healthcare, communication, entertainment, financial management and other services, new service jobs got created. With AI (artificial intelligence), the difference often quoted today is that there will be very few tasks for which humans are better suited than machines. This will lead to widespread unemployment. Or so goes the theory! However, consider this! AI will make people more productive (increased efficiency is more likely than complete replacement). While this will cause some amount of job loss, increased productivity will make goods AND services cheaper, thus creating more demand, leading to more jobs. With the help of our AI capabilities, entirely new categories of jobs might emerge. Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera.com: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Bitcoin’s rapid surge raises reasons to question latest frenzy Bitcoin’s more than 100% surge in the past two months looks eerily familiar, argue the bears, pointing to November 2013, when the price quintupled in short order 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. Who are the biggest buyers of gold in India? World Gold Council says India’s gold demand was what supported the global market in Q1 2017, but where in India does the gold go to? Wondering why they're still buying stocks on D-St? We know the secret Domestic interest rates explain what's behind these high-but-not-expensive PE ratios. Does NTPC need to find a new growth engine? NTPC is rightly focusing on renewable energy opportunities and can also narrow its focus on renewable energy and tap opportunities in overseas projects, say analysts We haven’t seen the last of bad loan divergences While differences between statutory audit of bank books by auditing firms and RBI have existed historically, it all boils down to different sample sizes and is highly discretionary in nature The severity of the NPA crisis An attempt to revive the banking sector must include a credible commitment of capital Logistics-tech startup Loadshare gets funds from Matrix ​Loadshare clocks over 10,000 shipments per day and plans to use the fresh funds to invest in technology, operations and towards hiring talent. Why blockchain is like a kitty party Blockchain runs on the concept of distributed trust—much like how the lucky draw in a kitty party works: no fraud can be committed unless the entire group is involved HDFC Life may lose out on share premium if it lists without Max Life HDFC Life Insurance may seek such listing after deal with Max Life ran into regulatory hurdles Sebi raises concerns over location of MCX’s disaster recovery site The disaster recovery site is the Gujarat International Finance Technical Tec-City, or GIFT, in the same seismic zone as Mumbai, where trading on the bourse takes place NSE sets up panel to probe charges in algo trading case The NSE panel has sought responses from 14 officials who received show-cause notices from Sebi India is the biggest growth driver for Essilor, says CEO Hubert Sagnières Essilor International CEO Hubert Sagnières says the firm has revenue of €7 billion which will double to €14 billion post merger with with Luxottica IDFC Alternatives eyes deals in stressed thermal power sector Home-grown infrastructure investor IDFC Alternatives’ interest in thermal power plants comes amid a drought of deals in distressed assets space TeamLease to buy 30% stake in Freshersworld TeamLease Services will buy a 30% stake in Freshersworld.com, to infuse Rs2 crore to enhance product features and back-end technology at the job portal BPCL to seek shareholders’ nod to issue bonus shares The board of directors has recommended for the approval of shareholders the issue of fully-paid bonus shares in the ratio of 1:2, BPCL said Jubilant Foodworks shuts 13 Dunkin Donuts stores, 8 Dominos stores as profit plunges 76 pct to Rs 6.7 cr Jubilant FoodWorks which operates Domino’s Pizza and Dunkin’ Donuts outlets in India, has shut 13 Dunkin' Donuts and 8 Domino's stores in Q4FY17. GST: A worry for some ahead of festive sales Television and home appliance makers are equally worried about GST impacting festive sales, contemplating ways to soften the expected price hike. Walmart celebrates 8 years in India In order to celebrate the successful completion of eight years of starting store operations in India, Walmart India, the wholly owned subsidiary of Walmart Stores Inc., has launched ‘anniversary celebrations’ with excitement and buzz across all its Best Price Modern Wholesale Stores with `anniversary’ event till June 30. Intense heat takes a toll on prices of vegetables by upto 45% Supply rises as farmers harvest crops amid fear of spoilage on expectations of early showers Tata CLiQ to rope in 400 more brands, double growth in next fiscal, says CEO The online platform is expecting 200 percent to 300 percent growth in the next two years Indian billionaire bleeds heavily in telecom price war RCom reported a net loss of Rs 966 cr for the fourth quarter of the fiscal gone by compared to a net profit of Rs 90 cr in the same period last year. 5G doesn't seem like it's coming to India anytime soon Reliance Communications, owned by Indian industrialist Anil Ambani, saw its stock tank after reports said it missed debt payments. Here's what travel companies should do to reach mobile savy Indian consumers Make your mobile app part of the travel experience No Aadhaar? Phone users to lose their numbers, Airtel and Idea start sending SMS Airtel and Idea have started sending consumers messages telling them that their number will have to be linked to and verified with Aadhaar Vodafone India unveils complimentary smartphone insurance scheme for Red Shield customers At present, the complimentary smartphone insurance offer is only available to Vodafone Red postpaid customers with one year validity. TRAI bans telcos from offering different plans to subscribers of same category TRAI said in its two-page order that the telecom service providers should ‘notify different rates for different persons or class of persons for similar telecommunication services and where different rates are fixed’. Judy malware infects millions of Android phones: What is it and does it affect you? There is a new threat in the town. A malware called Judy is apparently infecting Android phones. Millions of phones are falling to it, says Check Point. Reliance Communications stocks, bonds fall on report of default Reliance Communications on Saturday reported a consolidated net loss of Rs 948 crore for the quarter ended March 31, 2017. OnePlus 3T phone will not be discontinued in India until later this year, here's your last chance to buy it The OnePlus 3T smartphone devices will be available in India until later part of 2017 and buyers can buy the phone on OnePlus India website and Amazon India. Row in UP over minister 'inaugurating' beer bar Trouble seems to be brewing for UP chief minister Yogi Adityanath as a minister of his government was allegedly seen inaugurating a beer shop in Lucknow. Monsoon forecast buoys equity markets; FMCG stocks rise ... Mumbai, May 29 (IANS) Despite massive volatility, the Indian equity markets on Monday closed on a flat-to-positive note after scaling fresh highs on the back of the government's announcement of the timely arrival of the southwest monsoon rains. VLCC acquires nutraceutical maker Wellscience The company would sell ayurvedic and herbal products under the new brand VLCC Wellscience. VLCC did not disclose the deal amount. ASCI Strengthens its Consumer Complaints Process ASCI strengthens mechanism for fair judgement Manpasand Beverages, Parle Products in brand promotion deal Manpasand Beverages is associating with Parle Products Pvt and plans to access 4.5 million outlets pan-India. In this association both companies will cross-promote their brands. It's early days for consumer internet in India, but here's why Amazon and Uber will win the market "Amazon and Uber are going to wipe the floor with their Indian counterparts," says e-commerce veteran K Vaitheeswaran. Find out why. ITC B Natural celeb Shilpa Shetty shows Tropicana in self video Shetty shows herself baking a cake and putting it in the refrigerator — which clearly shows two large cartons of rival brand Tropicana. Flipkart appoints former biz development head as CEO of after-sales service arm Homegrown e-commerce major Flipkart has appointed former business development head Abhijit Upadhye as CEO of Jeeves Consumer Services Pvt. Ltd, its subsidiary that provides after-sales service for home appliances and electronics. Upadhye, who had joined Flipkart in April 2016 as vice president - business development, was earlier driving growth at its logistics arm eKart, his… Meet The Women Leaders Working Behind The Scenes To Help Flipkart Take On Rivals "As women, we try to take too much burden on our shoulders that I think can be avoided." Snapdeal's HR head Saurabh Nigam quits, ahead of deal with Flipkart Nigam's tenure also saw massive layoffs by Snapdeal impacting over 2,000 employees.  Flipkart launches another 'Summer Sale' with up to 80% discounts as e-commerce battle intensifies Starting today, the sale will continue till the end of this month, with heavy discounts on electronics, home appliances and smartphones. Delivery Hero buys Middle East firm Carriage The parties agreed not to disclose financial details. Major investors in Delivery Hero include Germany's Rocket Internet and South African media and e.. China's Lianhua Supermarket says Alibaba takes 18 pct stake Alibaba formed a strategic partnership withBailian Group, the largest retailer by store numbers to join thee-commerce giant's drive to use big data to.. Fashion retail picks up pace again as e-commerce sites cut discounts Apparel and fashion divisions of four of nation’s top five listed retailers posted 14-26 per cent sales growth in 2017 fiscal, their best performanc.. 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