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Wednesday, June 14, 2017

Jun 14, 2017 - Tejas Networks raises Rs349.5 crore from anchor book allocation

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Sree Vijaykumar
Sree Vijaykumar		 From the Editor's Desk
One researcher concludes that the average PowerPoint slide contains 40 words. From the beginning of Pichai's presentation (at the 2017 Google developers conference), it took about 12 slides to reach 40 words. The slides were mostly photos and animations. When text did appear, it showed up as a few words to describe the photo or image. For example, Pichai's first slide had seven logos for Google's primary products (Search, YouTube, Android, etc.) and the following text: "1 Billion+ Users." The point of the slide was to explain that Google's products each attract more than 1 billion monthly users. More on how to make effective powerpoint presentations here

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Tejas Networks raises Rs349.5 crore from anchor book allocation

Tejas Networks said 13.59 million shares were allotted to 17 anchor investors at Rs257 each, the upper end of its IPO price band of Rs250-257




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)
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Paytm Mall to bring brick-and-mortar stores online via QR codes

Paytm Mall QR codes will be unique for each retailer. Customers will be able to scan the code via smartphones and get access to the inventory



Hopes of a rate cut triggers buying spree in bond market

The yield has shot up about 17 basis points in the past few trading sessions.



Air India’s long and difficult journey towards privatization

The government seems to have made up its mind on selling the national flag carrier, but will Air India privatization finally get off the ground this time?



Sebi may ease listing norms for companies majority-owned by PE, VC firms

Sebi may allow companies majority owned by private equity and venture capital firms to list without their majority owners being classified as promoters



Sebi permits options trading in commodity futures

Sebi says will allow only one commodity option per exchange on a pilot basis, bourses will have to submit proposals for the product they wish to launch



Standard Chartered, IDBI Bank, Yes Bank top compliance rankings in survey

Overall, private sector banks performed better than public sector banks in survey by Banking Codes and Standards Board of India



Cabinet may consider Brookfield’s plan to buy RCom’s stake in Reliance Infratel next week

RCom, which has defaulted on its loan servicing obligations with more than 10 local banks, also hopes to complete its deal to merge wireless business with Aircel.



Renewable energy company Equis looking to exit Indian market

The sell-off plan, an indication of growing consolidation in India’s green energy sector, is part of Equis Energy’s strategic review of its Asian renewable energy portfolio



Samena Capital to merge India credit business with Catalyst

Samena Capital, which has invested nearly $50 million in India in four investments from its offshore fund, is in the process of exiting them



Bain Capital may invest $250 million in Star Health

Kotak Mahindra Capital is running a formal process to find the investor and a transaction may happen in the calendar year itself, said one of the sources.



Syndicate, Canara, Vijaya and Dena Banks make presentations to Finance Ministry on consolidation plans

The four banks made their presentations separately last week to senior FinMin officials on various aspects like existing loan portfolios, deposits and human resource practices.



RBI identifies 12 accounts with 25 per cent of bank NPAs for insolvency

RBI says banks will be asked to implement the insolvency and bankruptcy code on these 12 accounts to recover the dues



Verizon completes Yahoo acquisition, Marissa Mayer resigns as CEO

Verizon is combining Yahoo and AOL to firm a new venture Oath, which has more than 50 brands include HuffPost, TechCrunch and Tublr



M M board approves stake sale in Mahindra Logistics

The size, price and other details of the Mahindra Logistics stake sale will be determined in due course by a committee of directors, M&M said



Amazon said to be in talks to buy BigBasket

Amazon’s move to acquire BigBasket is seen as a step up in the e-commerce firm’s efforts to gain ground in the fast-growing online grocery market in India



In pursuit of credibility? Inflation-targeting may take on new meaning for RBI

Asia's third-largest economy is facing a slide in inflation amid a plunge in food prices.



IDBI bank to establish exclusive vertical for NPA recovery

Apart from creating this NPA recovery vertical, the bank management has formed a 'Credit Monitoring Group' to find out potential NPAs based on early warning.



SBI not ruling out write-offs, post merger

The offer document placed before the institutional investors said the bank "may also incur additional costs" towards harmonising functions pursuant to the merger.



Uber Report: Eric Holder's Recommendations for Change

Uber released the recommendations from a months-long investigation into its corporate culture, prepared by former Attorney General Eric Holder.


Nu Skin Enterprises Selects XPO Logistics as Global Lead Logistics Provider

GREENWICH, Conn.- June 13, 2017- XPO Logistics, Inc., a leading global provider of transportation and logistics solutions, today announced that it.


Amazon in talks to buy Indian online grocer BigBasket
BigBasket, run by SuperMarket Grocery Supplies Pvt, is Indias largest online grocer and operates in about 25 cities across the country. Facebook Twitter Linkedin Email
SBI keen to take card arm public over the medium term

SBI Card eyes pole position in industry over the next one year


SpiceJet launches e-commerce venture

Eyes more revenues from ancillary business


Huawei to launch Honor 8 Pro in India next month, wants to open exclusive stores

Huawei’s online brand Honor will introduce the Honor 8 Pro in India in the first week of July. Honor 8 Pro, which was launched in China as the V9 earlier this year, will be a high-end smartphone. The phone comes with beefed-up specifications.


Air Carrier SpiceJet Forays Into Ecommerce In India

In March, Moneycontrol had reported that SpiceJet would foray into retail space with a string of physical stores, online e-tail gateways, and in-flight merchandise.


Imposing duty on imported mobiles violation of FTA: Broadband India Forum

BIF said any imposition of customs duty on imported mobile phones, post-switch over to GST regime for compensating local manufacturing, will violate Indias stance on FTA treaties.



Import of 4G equipment by Indian telecom firms won't be exempt from customs duty

The government is taking the view that it doesnt fall under ITA, under which the country is bound to allow duty-free imports of telecom and IT products.



Hiring will increase in sectors like IT, startups, telecom and BPO: Indian Staffing Federation

As per the recent report by Indian Staffing Federation only 15 major sectors drove the entire jobs market growth in just 11 states.



Mommy, Mukesh Ambani broke my business: An India distress call

Sunil Mittal, Kumar Mangalam claim the entry of Mukesh Ambani’s Reliance Jio is threatening the economics of the industry



OnePlus 5 India launch on June 22: Here's everything we know so far

OnePlus 5 global launch is set for June 20. The smartphone will be unveiled in India on June 22 in Mumbai, and launch event will be livestreamed as well. Ahead of launch, the company has teased quite a few features as well as official image of the phone.



India's rugged telecom tycoons are crying to the government for help

India's billionaires believe in rugged, muscular capitalism -- so at the first hint of trouble, they go running to mommy.



IPO Alert: All you need to know about Tejas Networks

The company will raise Rs 450 crore through issue of shares in the price band of Rs 250-257.



As Patanjali rises, naturals take centre stage in FMCG line-up

As Patanjali rises, naturals take centre stage in FMCG line-up - The naturals segment in India’s personal care market is estimated to be Rs 18,500 crore



MNCs play catch-up in natural personal care

New Delhi: India's growing fondness for natural personal care products has left some of the world's largest consumer goods companies playing catch-up with small home-grown players.



Retailers want FMCG firms to cut prices after GST roll-out

Industry expects to reduce prices by 2-20%



Consumer goods costs may fall by up to 20% with GST introduction

Industry expects to reduce prices by 2-20%



Naturals now account for 41% of personal care market: Nielsen

Sales of personal care products made of natural, herbal and ayurvedic ingredients are growing 1.7 times as fast as the overall market, a Nielsen report said



Coca-Cola India's bottling arm relocates corporate headquarters to Bengaluru

To set up three greenfield plants at an investment of ₹1,750 crore



Top retailers including Future Group, Aditya Birla Retail meet to discuss pricing, margin issues post-GST

Leading retailers including Future Group, Trent Hypercity, DMart and Aditya Birla Retail today met in Mumbai to discuss issues related to the Goods and Services Tax (GST), including pricing and margins.






Rice basmati falls on low demand

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 6,800-7,000, Rice Pusa (1121) Rs 5,600-5,900, Permal raw Rs 2,225-2,250, Permal wand Rs 2,275-2,300, Sela Rs 2,500-2,600 and Rice IR-8 Rs 1,850-1,900, Bajra Rs 1,330-1,340, Jowar yellow Rs 1,550-1,600, white Rs 3,100-3,300, Maize Rs 1,360-1,370, Barley Rs 1,610-1,630



India's jobs crisis goes all the way to the top

With new projects drying up, the number of potential new jobs for CEOs is also shrinking



Meet the VC who plans to invest Rs 300 crore in Indian consumer brands

Singh who has a penchant for consumer brands quit Helion in 2014 when the Gurgaon based fund decided to focus mostly on technology startup investments.



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Posted by Sayan at 3:20 PM

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