Sunday, October 8, 2017

Trending: Sep 30- Oct 07 : Paytm Payments Bank reports Rs 30.7 crore loss

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Hopes for a significant reduction in interest rates were dashed with the Reserve Bank of India (RBI) deciding to keep interest rates unchanged during its fourth bimonthly monetary policy review. The repo rate has been retained at 6%. Read More

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Paytm Payments Bank reports Rs 30.7 crore loss

Between August 2016 and March 2017, Paytm Payments Bank reported losses of around $4.6 Mn (INR 30.7 Cr). According to its MCA filings, the firm saw a turnover of $378K (INR 2.47 Cr) during the sa...


'Hershey India will not invest in most brands inherited from Godrej'
'Hershey India will not invest in most brands inherited from Godrej' - Hindu Business Line
Will stay invested in soya beverage brand Sofit


Future Retail set to acquire HyperCity for Rs 700 crore
Future Retail set to acquire HyperCity for Rs 700 crore - Economic Times
As part of a strategy to more than treble its revenue to Rs 75,000 crore to Rs 1 lakh crore by 2021, the Future Group has also been aggressively adding stores.

Petrol, diesel prices down by Rs 2/litre: Govt buckles under pressure, excise cut is a win for consumer

The excise cut shows that the government is buckling under public pressure


 


Ten days after first festival, Amazon relaunches 80% online sale

This will presumably be the last time when Prime access will be available at Rs 499 a year - down from the original Rs 999.



Flipkart stole the show although Amazon ran twice as many ads
Flipkart has stocked up its inventory on televisions, smartphones and appliances expecting good pick-up in sales this week.



MedGenome Labs to raise another $10 million in Series C round
MedGenome Labs is raising $10 million from a clutch of investors led by Sequoia to fund its expansion plans



Oppo, Louis Vuitton among 5 FDI proposals cleared for single brand retail
The other FDI proposals for single brand retail approved by the govt include Chumbak Design, Daniel Wellington AB, and Zivame



Zomato waives commission from restaurants for table reservations
Zomato said it will waive all charges including the 'per cover' fee as well as the platform fee with retrospective effect from June

Lessons from the longest study on human development | Helen Pearson
Lessons from the longest study on human development | Helen Pearson
For the past 70 years, scientists in Britain have been studying thousands of children through their lives to find out why some end up happy and healthy while others struggle. It's the longest-running study of human development in the world, and it's produced some of the best-studied people on the planet while changing the way we live, learn and parent. Reviewing this remarkable research, science journalist Helen Pearson shares some important findings and simple truths about life and good parenting.


Myntra's Ananya Tripathi gets new responsibilities

Tripathi will head the international brands' business and the new businesses of Myntra, including sports and accessories.



Reliance Jio's Buyback Option on Latest iPhone Models May Boost Apple's India Presence

A great, fast phone, but without the shiny newness that made the early models feel special.


Spanish brand, Zara, starts its online shop in India today
Spanish brand, Zara, starts its online shop in India today - Business Today
In most major cities, like Mumbai, Delhi, Bengaluru, at-home deliveries will take around 2 - 4 working days.

Bigg Boss 11 premiere episode review: This season of Salman Khan's show promises to be the best one yet
Bigg Boss 11 premiere episode review: This season of Salman Khan's show promises to be the best one yet
Bigg Boss 11 premiere episode review: The makers this time have not only got together a concept like never before but also have introduced some very interesting contestants. From a peon's daughter to a controversial figure like Shilpa Shinde, this show has already made sure to keep our attention intact and we are extremely excited to know what's going to happen next. The show will air on Colors TV from 10:30 pm for an hour, for all seven days.


Why OBC Sub-Categorisation Will Be Modi's Ultimate Surgical Strike
Why OBC Sub-Categorisation Will Be Modi's Ultimate Surgical Strike
The move will formalize the BJP as the party of the 'most backward'.


Striking that perfect balance so you do well as a franchisee and as a member of the franchise organization

It takes a special person to run a franchise. You have to see the value in living at the intersection of being an independent business owner and working to build the broader franchise organization. However, at some point, the cost and risk of failure associated with the steep learning curve of starting a new business likely drove you to consider the franchise path.


Assess these points before franchising your business

One of the best ways to expand your business' reach is to tread the franchise route. Here are a couple of things you need to do before franchising.



India's Road Freight Market Pegged At $150 Billion: Truxapp

In an interview, Manmohan Agarwal, Founder, Truxapp, reveals that India's road freight market is valued at $150 billion and is growing at a CAGR of 12%, , Truxapp, cagr, manmohan agarwal, interview



What GST means for the jewellery sector

GST implementation is expected to be positive for jewellery companies in the organized market such as Titan




Actor Prakash Raj Lashes Out At PM Narendra Modi For Staying Silent On Gauri Lankesh's Murder
Actor Prakash Raj Lashes Out At PM Narendra Modi For Staying Silent On Gauri Lankesh's Murder
"I'm a renowned actor, do you think I will not be able to detect when you are acting?"


Why India Mustn't Forget Lal Bahadur Shastri In The Rush Over Gandhi Jayanti
Why India Mustn't Forget Lal Bahadur Shastri In The Rush Over Gandhi Jayanti
"Perhaps due to my being small in size and soft of tongue, people are apt to believe that I am not able to be very firm."


Govt needs to take quick measures to achieve 7% GDP growth: C Rangarajan
Govt needs to take quick measures to achieve 7% GDP growth: C Rangarajan
Former RBI governor C Rangarajan says the Indian economy needs to 'pick up very fast' to be able to maintain a healthy annual GDP growth


Prep lessons that gave Flipkart a leg-up
Prep lessons that gave Flipkart a leg-up - Business Standard
The e-tailer focused on product selection, affordability and service levers to dominate this year's sale season so far



Starbucks posts slowest sales growth in India in last fiscal
Tata Starbucks clocked net sales of Rs 272 crore, a growth of 14 per cent, during the year ended March 2017 and narrowed losses to Rs 32 crore.



Starbucks posts slowest sales growth in India in last fiscal
Starbucks posts slowest sales growth in India in last fiscal
Tata Starbucks clocked net sales of Rs 272 crore, a growth of 14 per cent, during the year ended March 2017 and narrowed losses to Rs 32 crore.


D-Mart's rising brand value shows that hyperlocal pays

D-Mart's success, and that of other regional brands like Balaji Wafers and Prataap Snacks, should serve as a pointer to new brands to focus on their home base rather than rush to become national


Keventers to double retail footprint by end of FY18
Keventers to double retail footprint by end of FY18
The company has planned to enter several international markets such as Qatar, Kuwait, Saudi Arabia, Oman, Maldives, Sri Lanka and countries in Africa this fiscal and by mid of the next fiscal year.


Keventers to double retail footprint by end of FY18
The company has planned to enter several international markets such as Qatar, Kuwait, Saudi Arabia, Oman, Maldives, Sri Lanka and countries in Africa this fiscal and by mid of the next fiscal year.

Diageo jolted by sales curbs on Smirnoff in Delhi

he world's largest drinks company Diageo suffered a setback when Delhi excise department suspended sales of Smirnoff vodka and blocked one of its distributors in recent months. This has caused stock shortage of Smirnoff, the largest selling brand of the London and New York-listed Diageo in the national capital.


The future of crypto-financing in India
The future of crypto-financing in India - Livemint
We need a regulatory sandbox approach to develop laws that achieve synergy between new technology, investor protection and effective regulatory oversight


Kishore Biyani: I'm a consumer goods company, I'm not a retailer anymore
Kishore Biyani: I'm a consumer goods company, I'm not a retailer anymore - Livemint
Kishore Biyani, who is transforming Future Group into an FMCG firm from a retail enterprise, on his expansion plans and strategy to pare debt


HUL to exit JV with Kimberly-Clark
HUL to exit JV with Kimberly-Clark - Indiainfoline
FMCG major, Hindustan Unilever Ltd. (HUL) said that it has signed an agreement to divest 50% stake in joint venture Kimberly-Clark Lever Pvt Ltd (KCLL) to its partner Kimberly-Clark Cooperation (KCC).


GST: Commerce ministry to write to finance ministry over trademark rule
GST: Commerce ministry to write to finance ministry over trademark rule - Livemint
The commerce ministry has decided to write to the finance ministry to consider an alternative to GST Council's decision to exempt unbranded food products that are not registered under the Trade Marks Act from GST


FoodTech startup Yumist shuts down operations due to high burn and failure to raise funds

Gurugram-based foodtech startup Yumist has shutdown its operations. Founded by former Zomato official, Alok Jain, along with restaurateur Abhimanyu Maheshwari in November 2014, Yumist, served hom...

 



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