Mar 31, 2016 - Motilal Oswal PE buys Jindal Power's stake in IEX

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Sree Vijaykumar From the Editor's Desk In April last year, 18,452 Indian villages did not have electricity. That number has now dropped to 12,100 as the government implements its electrification plan. The village of Hotasar in Rajasthan is one of the recent beneficiaries. A resident Akbar Pardeshi, has pooled money to buy a second-hand TV that the villagers plan to watch. They already have mobile phones and some are planning to buy refrigerators. Kids look forward to going back to school, as they can now read at night and perform better. Families of nomads who rotated between homes as the climate changed are now thinking of settling in one place, building brick and concrete homes for themselves. Such is the power of electrification! - Comment Motilal Oswal PE buys Jindal Power’s stake in IEX Established in 2008, IEX is India’s first power exchange providing an automated trading platform for electricity and renewable energy certificates Indian banking on alert after $81 million stolen from Bangladesh's central bank A high-level government official has communicated the security establishments concerns to RBI, urging the central bank to be cautious. Tiger Global slows down but VC funding remains vibrant Saif Partners, Tracxn Labs and Accel Partners emerge as the largest deal makers this year so far Investor rush to lock into high rates crashes computers at post offices Customers in various states, including Maharashtra, Delhi, Gujarat, Telangana, Himachal Pradesh and Madhya Pradesh, complained of computer downtime in post offices. Nippon Life Insurance raises stake in Reliance Life to 49% Japan's Nippon Life Insurance today increased stake in Reliance Life Insurance by another 23 per cent, taking its total holding to 49 per cent. Two Motilal Oswal Private Equity funds acquire 4.1% stake in Indian Energy Exchange for Rs 98 cr >India Business Excellence Fund - II and India Business Excellence Fund - IIA, funds managed and/or advised by Motilal Oswal Private Equity Investment Advisors Private Limited (MOPE), has acquired 4.1% stake in Indian Energy Exchange (IEX) from Jawaharlal Nehru Port Trust to raise Rs2,600 crore from DBS, SBI ICICI Bank, EXIM Bank, Deutsche Bank, Citibank had also given quotations for loan to be split in two tranches with 7.5 years and 10 years tenure State Bank of India opens first digital branch in North East State Bank of India opens first digital branch in North East - The new digital branch will more efficiency in banking and financial delivery mechanism. ASSOCHAM pleas equalization levy under Finance Act ASSOCHAM today suggested the government to introduce the equalization levy as part of Indian Income-tax Act itself and not as a separate chapter in the Finance Act. 5 years after split, Honda sets formidable challenge for Hero MotoCorp Honda has doubled its two-wheeler market share to 26%; Hero MotoCorp has seen its share slide 4.75 percentage points to 38.95% Digital India to contribute $1 trillion to the Indian economy: Ravi Shankar Prasad Digital India to contribute $1 trillion to the Indian economy: Ravi Shankar Prasad - He backed PM Modi's Digital India campaign and said that economy is likely to get a tremendous boost. Distressed India ignites passion of private equity firms A surge in bad loans to once-thriving and now defunct companies such as Kingfisher Airlines means there are plenty of turnaround plays to pick from Reliance Jio initial investment at Rs150,000 crore: Mukesh Ambani Mukesh Ambani says Jio will help India become among the top ten mobile broadband markets in the next few years, ending the country’s digital poverty RBI eases external commercial borrowing norms for infrastructure sector Central bank allows infra firms, NBFCs that lend to sector to raise ECBs with minimum maturity of 5 years Kstart partners IBM to foster startup ecosystem in India To collaborate in mentoring, networking, augmenting roadmaps for new ventures UTI AMC continues to push for IPO, plans to offload 26% stake UTI sponsors PNB and BoB support listing; SBI and LIC want UTI AMC to merge with their own mutual fund business Retailers feel consumers got no raw deal; brands claim sales on portals not driven by price-offs Several brick and mortar stores posted their highest same store sales in more than two years during the October-December quarter. Guidelines on e-commerce markets may save vendors from being arm twisted Small and medium sellers on e-commerce platforms said the latest guidelines will give marketplaces fewer opportunities to arm twist them. Huawei mulls single brand retail, local manufacturing Nehwal will also be seen on the company's online site, which will offer initial discounts to customers as it begins selling Honor smartphones, besides the Nexus series. Spice Mudra eyes 20K retail partners by September, starts insurance Spice Mudra has witnessed transactions worth Rs 600 crore in only six months, since its launch in October. Ecommerce FDI policy provides level-playing field: Retailers The decision to allow 100 per cent FDI in e-commerce market places shows government's clear intention to promote fair competition in the retail sector, the Retailers Association of India said. Amazon starts work on biggest campus outside US in Hyderabad Campus is also the firm's largest outside the US and marks Amazon's second significant investment in Telangana in a year Single brand retail: Panel to define state-of-art and cutting edge technology A committee set up by the DIPP will soon lay down the definition of these terms in black and white to avoid any confusion that could cause delay or abuse of the policy. FDI in e-commerce: Online discounts may continue, even with riders Nowhere do the new DIPP guidelines mention discounts or predatory pricing in order to maintain a level playing field Telecom Commission approves 112 as India's new emergency number Similar to ‘911’ in the United States and ‘999’ in the United Kingdom, Indian residents will soon be able to dial a common emergency number, ‘112’ for availing the services like ambulance, police and fire extinguisher. The inter-ministerial panel Telecom Commission has approved the proposal to have a single number for the four emergency services. The Snapchat brings voice and video calling with Chat 2.0 update Snapchat brings voice and video calling with Chat 2.0 update - New features also include chat stickers and an update to Stories. Lowdown on VoIP regulations at the IAMAI-Microsoft roundtable On Monday, Microsoft and Internet and Mobile Association of India (IAMAI) organized a roundtable to discuss regulations around VoIP services in India. The event was attended by officials from Department of Telecom, Cellular Operators Association of India (COAI), Microsoft and Vodafone among othe 'Make in India' critical for growth: Industry leaders According to J Janakraj, CEO Adani Australia, the 'Make in India' initiative was a good step as it gives a perspective of what is available in India t.. India's Telecom Tower Cos To Grow 10% By 2019 Telecom tower companies in India will post a revenue growth of about 10 percent over the next two years, as mobile operators are expanding their 3G and 4G footprint and will seek to lease more tower space, according to Moody’s Investors Service.   Vodafone moves ICJ over appointment of third arbitrator to resolve India's most high-profile tax dispute Dispute relates to Vodafone's acquisition of Hutchison Whampoa's 67% stake in Hutchison Essar. Government approval will soon let you make calls from WhatsApp to landline or mobile numbers Ahead of Reliance Jio’s 4G launch, a government panel has allowed VoIP interconnection. In other words, you will soon be able to place calls from services like WhatsApp to landline or mobile numbers. Indian telecommunications tower companies will see more M As over the next two to three years The Indian and Indonesian tower industries are the most developed in Asia. The sector should see continued growth, as mobile operators accelerate spending on .. MIT India Conference to build on 'Startup India' initiative These include from scaling startups and addressing the challenges early startups face to social endeavours and sustainability. Google parent Alphabet launches landline service, Fiber Phone The service, known as Fiber Phone, offers basic landline features including call waiting, caller identification, unlimited local and nationwide calling and 911 services at a price of $10 per month. Telecoms tower companies poised for ongoing growth in India and Indonesia: Moody's We expect continued growth in both markets as mobile operators, building out and strengthening their third- and fourth-generation (3G and 4G) footprints, will seek to lease tower space and sell more of their own towers, Nidhi Dhruv said. Flipkart crosses the landmark of 75 million registered users, first online retail marketplace to reach this milestone in a single country after USA and China February 2016 report by Morgan Stanley puts the number of online shoppers in India at 50 million Google opens up to outsourcing large chunks of non-core work : May become more rewarding for Indian firms Google has started becoming open-fisted with software services, thus presenting Indian IT a chance to add a lucrative client to their roster. Huawei mulls single brand retail and local manufacturing Nehwal will also be seen on the company's online site, which will offer initial discounts to customers as it begins selling Honor smartphones, besides the Nexus series. 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Mar 30, 2016 - How will Bharat Bill Payments System benefit you

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Sree Vijaykumar From the Editor's Desk Market downturns are the best times for well-run startups. They can work on their core business, without having to worry about getting outpriced by flash-in-the-pan heavily-funded competitors. Bigbasket stuck to its core mission of getting an expanding assortment of groceries to you as quickly as possible and investors now want a bigger piece of that action. The grocery business with its issues of high number of SKUs, stockouts, low shelf life and notoriously low margins is a tough space to operate in. Ola, Flipkart and Paytm, have all shut their grocery adventures. Grofers and Peppertap will struggle to eke out margins from pure delivery. Private label and control on inventory should give Bigbasket an edge. Will it emerge as a stand-out success story in the online grocery space? Time will tell - Comment How will Bharat Bill Payments System benefit you BBPS is an integrated online platform which is being developed by the National Payments Corporation of India for all kinds of bill payments. Bandhan and IDFC Bank's bumpy journey since getting banking licence For Bandhan and IDFC, the journey since getting a banking licence — issued for the first time in a decade — has been bumpy and future looks tough. Supreme Court allows Sebi to sell Sahara properties The properties to be disposed of by Sebi are estimated to be worth Rs40,000 crore Govt defines e-commerce marketplace rules, allows 100% FDI DIPP has also come out with the definition of e-commerce, inventory-based model and marketplace model RBI tells Supreme Court loan defaults may not always be promoters’ fault Making the names of such defaulters public may adversely impact genuine risk-taking and growth, the banking regulator said. Tata Steel to sell entire UK operation Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales. Reserve Bank of India tweaks upcoming lending rate rules The Reserve Bank of India said on Tuesday fixed-rate loans of up to three years offered by lenders will have to be set based on their marginal cost of funding. Banks asked to price 3-year fixed rate loans based on MCLR Introduced by RBI on 17 December, MCLR takes effect from Friday, and the guidelines mandate that banks must price incremental loans using MCLR India is a home market for HSBC: Stuart P. Milne HSBC is looking at more investments in the digital space in India this year, says Stuart P. Milne IDFC fund in talks to buy out Gayatri Projects’ stake in two highways The discussions are at an early stage and a valuation for the annuity build, operate and transfer (BOT) projects has not been worked out BSE aims for up to Rs800 crore IPO this year The stock exchange is working on regulatory aspects of the IPO; the draft share-sale prospectus is expected to be filed before end of April-June quarter India expected to achieve the higher growth rate of 8% and above in coming years-Finance Minister The Union Finance Minister Shri Arun Jaitley visited the Sydney Campus of S P Jain School of Global Management and delivered a Lecture on 'Reimagining India'. JSW Energy in talks to buy three power assets JSW Energy looking at deals with Monnet Power, Jaiprakash Power and Jindal Power, for total capacity of 2,591MW World's best economy betraying investors as India earnings decay Company profits are on the opposite trajectory, falling in four of the last five quarters in the worst run since the financial crisis How CarDekho is planning to redefine car ownership business CarDekho.com is looking to create an ecosystem that will cater to tech needs of auto firms, dealers and consumers KFC, Domino's Pizza and other QSR chains try out new ways to attract consumers and stem slowdown Yum! Restaurants, which operates the KFC chain in India, has tied up with Mumbai Dabbawalas to deliver meals. New marketplace norms to ensure level playing field: Kishore Biyani, Future Group Kishore Biyani has welcomed the new policy guidelines and clarifications issued by the government while allowing 100% FDI in ecommerce marketplace. RSS affiliate Swadeshi Jagran Manch slams government on allowing 100% FDI in ecommerce Government permitted 100 per cent FDI under the automatic route for retail trading, or B2C (business-to-consumer) transactions, in marketplace model. Big brands, retailers see end to predatory online pricing with marketplace guidelines Consumer electronics cos were up against online discounting, since almost 70%-75% of online sales in India were generated from mobiles, TV, etc. MVNO: Biyani plans to partner Tata Tele Will seek virtual network licence for Future Group; expand existing tie-up for T24 brand Rallis transfers leasehold right of land to IKEA for Rs 214 crore Mumbai-based Rallis India today said it has entered into an agreement with Swedish furniture retailing giant IKEA to monetise its surplus assets. Farmers' cooperative to open café chain Café de Monde, a café chain, will be opened by the farmers cooperative Manarcadu Socia Shoppers Stop's duty-free airport venture under review Fashion retailer Shoppers Stop has hit an air pocket with duty-free airport shopping. The retailer is now reviewing the joint venture with Nuance This Lucknow-based startup makes your shoes the way you want them Ecommerce startup Purplehide lets customers design their shoes using an online 3D tool with their choice of style, colours, heel type, and heel height. Xiaomi to launch Mi 5 in India on Thursday The Mi 5's 32GB variant features a 1.8GHz Snapdragon 820 chipset with 3GB of RAM. 700Mhz Auction: The other side of the spectrum Operators have opposed the auction of the entire available bandwidth, questioning both the quantum of spectrum on offer as well as the proposed reserve price. Vodafone moves ICJ over tax arbitration with India Vodafone Group Plc has moved the International Court of Justice seeking appointment of a third arbitrator in its Rs 20,000-crore tax dispute with India. RJio preparing for soft launch of 4G services soon New Delhi, Mar 29 () Reliance Jio, the telecom arm of Reliance Industries, is preparing for a soft launch of its 4G services soon, Credit Suisse said in a note today. Jio has already launched services for Reliance group employees and their friends three months back. Telecom commission clears entry of virtual network operators in India The move allows companies that do not have the required infrastructure buy bandwidth from the already established telecom operators and resell it under their own brand. Govt panel approves VoIP interconnection ahead of RJIO launch The move may allow users to make calls to landlines and mobiles through voice over internet protocol apps such as Whasapp, Viber and Skype. Mobile Banking Witnesses Unprecedented Jump; Rs 49k Cr Worth Of Mobile Transactions Happened In Dec 2015 As per latest data from RBI, the value of mobile banking transactions increased by 46% in December, 2015 to reach Rs 49,029 crore compared to November, 2015. If we compare year on year growth, then in December 2014, only Rs 11,323 crore of mobile banking transactions happened in India. Consolidation underway in the Indian telecom sector Jio has already launched services for Reliance group employees and their friends three months back. Indian telecom tower firms to grow 8%-10% over next two years: Moody's The firm said that India and Indonesia are the most developed in Asia and expected to continue growing - but geographical, operational and regulatory .. Last-mile delivery firms turn focus on non-food segments, working with ecommerce companies According to experts, the last-mile delivery players are moving towards an equal mix of food deliveries and on-demand in this scenario. Flipkart sets eye on big appliances, specialised logistic network to bring in customers and brands The category, the third largest for Flipkart, after electronics and apparel includes products like televisions, refrigerators and air conditioners. Flipkart is Back on UC Browser as Well; Culmination of App-Only Strategy? Flipkart, the blue-eyed boy of Indian eCommerce industry famously pitched for the App-only strategy in September last year where it completely shut down it Government permits 100% FDI in e-commerce market places, but with riders Critically, a clause bars marketplaces from offering discounts on their own — these have to come from the vendors on the platforms. NDTV's wedding portal Bandbaajaa goes live NDTV has launched Bandbaajaa, an online portal for wedding services and shopping. The company had said in December that is would launch such a portal, only it Dell services President Suresh Vaswani may exit Dell post integration with Japan's NTT Data Suresh Vaswani may exit from the combined entity to pursue other opportunities after helping with integration of Dells IT Services business with Japans NTT Data later this year. How mobile browser is making a comeback and challenging apps? Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. 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