Aug 31, 2017 - Long-overdue union cabinet reshuffle likely this week

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Sree Vijaykumar From the Editor's Desk While GST is a Welcome Change and in-principle Looks Attractive, SMEs Are Cautiously Optimistic About It... Though It Will Throw Up Many Opportunities, It Will Require More Compliance as Well. More here. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps 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). Long-overdue union cabinet reshuffle likely this week The cabinet reshuffle may see some members of the JDU and the AIADMK inducted into PM Narendra Modi’s council of ministers 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. Here is how Indians are minting a fortune in bitcoins Several Indian online vendors as well as individuals are investing in crypto currency mining rig machines costing around Rs 3 lakh to mine crypto currencies. Govt may delay PSB mergers as RBI’s new norm on insolvency may hit banks balance sheet RBI has asked the banks to set aside 50 per cent of debt the moment a company is referred to the National Company Law Tribunal as part of the insolvency process. Consolidation among public sector banks exempted from scrutiny In a gazette notification, the provisions of Sections 5 and 6 of the Competition Act, 2002 will not apply in these cases. Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake Buyout funds Warburg Pincus, Crompton Greaves, Bain are among those in the fray to buy a controlling stake in Surya Roshni. The inherent challenges of joint ventures in India Businesses need clear defined leadership structures to succeed. Solutions like equal 50:50 joint ventures, like in the McDonald’s case, don’t really work ONGC to seek shareholders' nod to raise Rs 25,000 crore for HPCL buy ONGC executives said the company expected HPCL deal to go through without the necessity of making an open offer or paying government a premium over currently traded prices. Significant portion of deposited notes could be black money, says government With over Rs 15 lakh crore of junked currency coming back into the banking system post demonetisation, the government on Wednesday said a "significant portion" of it could be black money. Jaitley said note ban has compelled people to deposit money into bank accounts. RIL to raise Rs2,500 crore via debentures RIL has said it will make an offer for issuing non-convertible debentures (NCDs) worth Rs2,500 crore on 4 September Government sells 7% in NTPC to raise Rs 9,100 crore The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription. Bird Group shows interest in Air India's ground handling subsidiary Bird Group has expressed interest in bidding for Air India’s ground handling subsidiary, Air India Air Transport Services, as part of the airlines’s proposed privatisation CDC Group sells part of Ujjivan Financial Services stake CDC Group sold a total of 5.9 million shares of Ujjivan Financial Services, bringing down its shareholding in the company to 1.91% from 6.84% Investor plaint on brokers: Sebi disposes of case against NSE Sebi had issued a show-cause notice to the NSE in November 2015 in respect of non-compliance of its directions. Analysts do not see more FPI pullout going forward Overseas investors have so far pulled out a massive USD 2 billion from equities this month. Congress uses RBI demonetisation data to take on Modi government Former finance minister P. Chidambaram uses RBI data on demonetisation to lash out at the Narendra Modi government , party seeks apology from prime minister Ess Kay Fincorp looks to raise Rs 100 crore from private equity investors Ess Kay Fincorp is in talks with investors and that he is ready to dilute 15-20% stake to raise capital. Anxiety for PPI players remain as RBI does not announce a time frame for final guidelines Reserve Bank of India has said that two crucial decisions on digital payments will be released next year without giving the timeframe. MFs tapping retail savings on slashed bank savings deposits rates: ICRA Last month, State Bank of India reduced it's interest rates by 50 basis points to 3.5 per cent for savings deposits of less than Rs one crore. Mutual funds are allowed to use derivative options only to hedge cash positions If you are merely viewing F&Os as a hedging option, mutual funds may not be the ideal option Jaypee Infra deposit holders can file claims as ‘creditors’ Fixed deposit holders are categorized as financial creditors and are required to file their claim in Form C issued by the Insolvency and Bankruptcy Board of India The rise and rise of portfolio management There is interest in portfolio management services but investors need to remember that this is a buyer-beware product, targeted at high net worth individuals NTPC signs Rs3,000 crore term loan agreement with ICICI Bank NTPC said it has signed a term loan agreement for Rs3,000 crore with ICICI Bank for partially funding its capital expenditure PE firm Kedaara Capital acquires 10% in ethnic brand Manyavar's owner The valuation of Vedant at Rs 4,000-4,500 crore is almost at par with that of Fabindia when it sold a stake to Infosys co-founder Nandan Nilekani last year. Madhya Pradesh basmati claims spark protest, exporters, farmers call it unjustified Indian farmers and traders enjoying premium in the world basmati rice markets due to the geographical indication (GI) status of the aromatic, long-grained cereal have come up against Madhya Pradesh’s “unjustified bid” to partake in the success. Find out how Flipkart ensures quality of its private label products For Flipkart, private labels are key to its profitable growth. And for private labels to grow, quality is key. Here's how it ensures quality 30% of consumers didn't pay service charge after GST kicked in, finds poll While 21% of the respondents said the eateries did not even mention the charge in the bill, 9% got the amount removed from the bill, according to the survey conducted by online social media platform LocalCircles covering 8,500 respondents in August. Parle Agro banks on aerated fruit drinks to drive growth Parle Agro joint MD Nadia Chauhan says will leverage the success of Frooti Fizz to expand the aerated fruit drinks market to Rs4,000 crore in the next 5-8 years Brand licensing industry sees opportunity for growth in India The brand licensing industry, now in its ‘nascent stage’ in India, is set to grow manifold in the foreseeable future with rising brand consciousness among consumers and higher penetration of modern retail and e-commerce, industry experts said. “The owners of intellectual properties (IPs), including major cartoon, entertainment and corporate brands, are keen to enter the … Tata's Amalgamated Plantations plans to launch own tea label Amalgamated Plantations is looking to launch its own label to market tea as it struggles to stay afloat as a pure play plantation company Former Expedia chief Dara Khosrowshahi is Uber's new CEO Khosrowshahi last served as the chief executive of online travel firm Expedia since 2005 Former Marketing Head Of Practo, Premanshu Singh Joins Coverfox As New CEO Coverfox.com, online insurance marketplace, has announced the appointment of Premanshu Singh as the Chief Executive Officer (CEO) of the company. Amazon strengthens hold in metros while Flipkart chases after Tier II cites in India The battle of India's e-commerce giants continued. Amazon has strengthened its position in metros. While Flipkart has seen a decline in sales in 2017. Craze for e-wallets isn't big enough to revolutionise cashless shopping. Find out why Lack of interoperability, inadequate smartphone penetration pan-India, and unviability/unwillingness of use for most merchants and consumers are the primary causes for the subdued growth of e-wallets in the country. Juicy Couture watches debut in India exclusively with Amazon Fashion The entire range of over 100 Juicy Couture watches will be available for one-day or two-day guaranteed delivery through Amazon's membership program Pr.. Flipkart: Ten years on, here's what flipped the fate of Flipkart Its unique approach has enabled it to tick off significant milestones in its decade-long journey - be it cinching critical partnerships or securing massive round of investments from global behemoths. 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

Aug 30, 2017 - Aurobindo Pharma in talks to buy Shreya Life Sciences's Russia business

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Sree Vijaykumar From the Editor's Desk As the founder of early internet streaming radio company Broadcast.com, TV channel HDNet, and now a Shark Tank investor and owner of the Dallas Mavericks, Mark Cuban has hired hundreds of employees over the last two decades. And he says there's one skill he values more than anything else: Stress reduction. "The people that tend to work for me for a long time, not only are smart, not only are driven, not only are learners, but they understand that the greatest value you can offer a boss is to reduce their stress." More here. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps 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). Aurobindo Pharma in talks to buy Shreya Life Sciences’s Russia business The acquisition deal between Aurobindo Pharma and Shreya Life Sciences for the latter’s Russia business is potentially valued at $80 milllion to $100 million 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. HDFC Ergo-HDFC GI merger could face a few questions in post-GAAR era There is no doubt the deal is value positive for existing shareholders Old individual insolvency norms still valid These old Acts will, however, be repealed once the new individual insolvency regulations are finalised and notified under the overarching IBC 2016, an official source told FE. Consolidation of PSU banks remains a work-in-progress Govt's reluctance or inability to throw capital forever without banks showing any improvement in their finances probably may be the key reason for the latest drive. NSDC may lose power to implement skills schemes The skills ministry will instead give National Skill Development Corporation (NSDC) powers to identify organizations willing to invest in skilling people RBI cracks whip on 50 more defaulters having Rs 2 lakh crore outstanding ​​The new list is said to include cos like Videocon, Uttam Galva, Essar Projects and Ruchi Soya, all of which have debt that was classified as non-performing as of June. No proposal to re-introduce 1000 rupee notes, says Finance Ministry No proposal to re-introduce 1,000 rupee notes, says Finance Ministry - Recently RBI introduced 200 rupee note. Consolidation to hit hiring in public sector banks A dozen banks put fresh recruitments on hold DIPP seeks views on new industrial policy; floats paper To focus on promoting manufacturing with the use of smart technology Indian Oil to invest Rs1.8 trillion to expand refineries, new businesses Indian Oil will spend Rs1.8 trillion over the next 5-7 years to expand refining capacity and build its new businesses, says chairman Sanjiv Singh Sebi bans Orion Capital, Orion Broking from markets for 10 years The nature of investor complaints received against both the firms are predominantly on non-settlement of the funds and securities and balances due to their clients. Is 100% FDI a much needed boost for 'Startup India'? The panel led by DIPP secretary Ramesh Abhishek will decide on requests by foreign single-brand retail stores for waiver of the 30% local sourcing norm This $5 billion tax bill could cost India a spot in World Bank's ease-of-doing business list The more India engages in such antics, the greater the risk to its hope of climbing 40 places in the World Bank's ease-of-doing business survey this year. What the sand mining ban means for cement companies Lower availability of sand would halt or slow construction activities, having a cascading impact on cement demand Large Indian conglomerates invest only in a handful of states The advent of GST may accentuate the regional skew in investments IKEA to commission first Indian store in 2018 Swedish home furnishing major scouts for more land Baba Ramdev's Patanjali to launch bottled water called 'Divya Jal' this Diwali Patanjali Ayurved is preparing to launch Divya Jal packaged drinking water—sourced from the foothills of the Himalayas—across north India Coca-Cola's CEO James Quincey to visit India this week Quincey will review the firm's operations under the new management as it seeks to transform itself Chicken and veg offerings to replace IKEA's trademark beef and pork meatballs in India IKEA is preparing to open its first store in Hyderabad next spring with a shopping area spread over 400,000 sq ft. The facility will house the largest restaurant for IKEA anywhere McDonald's gives licensee board meet a miss CPRL, an equal joint venture between McDonald's India and entrepreneur Bakshi, has four board members -- two foreign directors from McDonald's, along with Bakshi and his wife. Post-Maggi Crisis: How Nestle India is stepping up its game Nestle India, popularly known for its winning brand Maggi noodles, has been upping its game since its major lapse in 2015. Watch Jaago Re's powerful film on India's lack of a sporting culture The film follows the day-to-day life of a student through a montage of shots and captures the immense pressure and stress they undergo to perform well.. Bisleri invests Rs.60 lakh in local language labels; "Consumer in villages should not be cheated" says marketing head Bisleri's marketing director, Anjana Ghosh, tells us the effort is a move to tide over problems like counterfeit products and language barriers in the heartlands. Patanjali in Court: What The Petition Against Land Allotment to Ramdev in UP Says The petitioner has alleged that the proposed project would involve felling of nearly 6,000 trees which would result in huge damage to the environment. Centre asks states to ensure onion prices are stable As per all India average retail price, the prices have increased from Rs 15 per kg to Rs 28.94 per kg, says the Food ministry. How Ram Rahim's ayurveda brand 'MSG' once rivaled Ramdev's Patanjali The 'godman' who has been convicted of rape recently, has an FMCG ayurveda brand boasting of 151 products. Paytm Mall launches India's largest mall in an app Paytm Mall, owned by Paytm E-commerce Pvt Ltd has launched India’s largest online mall ahead of this year’s festive season. The company has refreshed its new app featuring 1,000 brand stores and 1 Paytm launches payments bank on iOS app Paytm Payments Bank was launched in May with a branch in Noida, and the company had said it will expand to 31 branches and 3,000 customer service poin.. Amazon eyes Grofers pie for $100 million to spoil Alibaba-BigBasket party Amazon's investment in Gurgaon-based Grofers of around $100 milion could be a well planned strategy by the company to stay ahead of Flipkart. Read to know more. DIPP clarifies 25% restriction on sales by e-commerce players The DIPP in a tweet stated that restriction of 25 per cent on sales of one vendor through a marketplace are to be computed on financial year basis. Amazon taken to High Court for alleged non-payment of rental dues Global E-services has filed a suit to recover outstanding amount after Amazon vacated a warehouse premise in Mumbai without paying its dues. The billion-dollar babies! The funding scenario of Paytm & Flipkart Xiaomi secured a $1 billion loan recently. It's not the only company to have grabbed eyeballs by bagging over a billion dollars this year 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