Jul 5, 2016 - ICICI Bank sells Rs 1,600 crore Essar Steel loans to ARC

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
"Why is it that the normal diet is three meals a day plus snacks? It isn't that it's the healthiest eating pattern. There are a lot of pressures to have that eating pattern, there's a lot of money involved. The food industry - are they going to make money from skipping breakfast like I did today? No, they're going to lose money. If people fast, the food industry loses money. What about the pharmaceutical industries? What if people do some intermittent fasting, exercise periodically and are very healthy, is the pharmaceutical industry going to make any money on healthy people?" More here

Bids invited from banks, ARCs NBFCs: State Bank of India to sell Essar Steel assets worth Rs 15,341 crore

State Bank of India (SBI) has set the aggregate reserve price for the full-cash sale of Essar Steel loans at ₹9,588 crore




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Startups get relief on angel tax

The government has eased for startups the process to seek tax exemptions on angel investments



Your ITR filing will soon get processed in just one day

The government has cleared a ₹4,241 crore project to revamp infrastructure that seeks to ensure processing of ITR filings is done in just one day, thus speeding up the refund process as well



Jet Airways creditors’ meet ends without a deal

While few details emerged from the meeting, officials said that Etihad Airways wanted Jet Airways promoter and founder Naresh Goyal to reduce his stake to 20% while being given a board seat



Sidbis new venture capital fund to back late-stage start-ups

Has made 52 exits from 117 bets across 7 funds



US retailer Sears saved from the brink for time being: reports

Edward Lampert, who steered the company into bankruptcy last year in order to restructure it, won the bid to buy the remaining assets, beating out others who would have killed off the brand, according to news reports



Byju’s acquires US-based Osmo for $120 million

The Osmo acquisition will help Byju’s offer learning solutions to children aged 3-8 by tapping into the US-based edtech startup’s physical-to-digital technology and content



Kotak Mahindra Bank’s case to come up for hearing amid clamour for change in ownership rules

There is also a growing clamour, among those associated with the ruling dispensation, for ensuring that the certain amount of indigenous control is maintained in the banking sector



Apax Funds invests $200 million in Fractal Analytics

The investment from Apax Funds values Fractal Analytics, a data analytics firm, at about $500 million



What excites me most is that we have a profitable unicorn: Rishi Khosla

The OakNorth co-founder on Indian unicorns, launching lending operations here and why the startup ecosystem in Britain is less buoyant than in India



SoftBank Vision Fund to pick 38% stake in Delhivery in latest India bet

Masayoshi Son-owned technology conglomerate SoftBank has sought the approval from watchdog the Competition Commission of India



Government to infuse Rs 6,000 crore in Exim Bank over two years

Established by the Government of India, Exim Bank commenced operations as a purveyor of export credit, mirroring global export credit agencies.



'Know Your Budget' better with finance ministry's Twitter series

India Business News: The 'Know Your Budget' series, which explains the importance of Union Budget and its making, would continue for about a fortnight. The government on F



Flipkart invests $201 million in Indian wholesale unit

The fresh outlay by Flipkart comes it seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion online retail market, and a regulatory tussle with the government



With $7 Mn Series B Funding, Instamojo Looks To Triple Growth, Double Manpower

Having raised $7 Mn in Series B Funding, Instamojo aims to expand its customer base to 1.5 Mn this year from the existing 600K. Read more>>



Here’s How To Make A Presentation To Investors, The Sequoia Way

In his blog, Aaref Hilaly, discusses the mistakes entrepreneurs usually make while interacting with investors.



Instamojo raises Rs 50 crore in Series B from Gunosy, Kalaari and other investors

Instamojo will use the funding from investors Gunosy Capital, Kalaari Capital and others to develop its mobile app further and expand the teamThe investment will be used for developing the mobile app further and expanding the team



Lightspeed, Bain value Indian founders-led Rubrik at $3.3 bn in new round

Cloud data management firm Rubrik, which is led by Indian-origin founders and headquartered in Silicon Valley, has raised $261



Private Equity And Hedge Funds Can Now Make More From Their Idle Money

SEBI allows alternate investment funds to invest unutilised funds in high-quality liquid schemes.



Speed up 59-minute loan sanction, government tells PSU banks

The finance ministry is pushing state-run banks to bridge the gap between proposals that receive preliminary approval and final sanction.



V.G. Siddhartha’s exit puts Mindtree promoters in sell or stay dilemma

While KKR and Co. has offered ₹850 a share to buy a majority stake in Mindtree, Baring PE Asia has offered ₹900 apiece but, unlike KKR, hasn’t demanded any special rights



How NYC retailers are luring in online customers
How NYC retailers are luring in online customers
Competitive rents and sophisticated strategies to bring online consumers into stores are changing the retail landscape. “Retailers are getting smarter and need to blend their bricks and mortar with…



The changing status quo of e-commerce
The changing status quo of e-commerce
Last year was interesting for e-commerce, with companies expanding services, global expansions becoming a reality, consolidation playing out, and players being funded to create deeper pockets.



IoT for retailers: opportunities and challenges
IoT for retailers: opportunities and challenges
The disruptive power of the Internet of Things is transforming retail, but there's much more to come. An ecommerce expert shares insights on what to expect in the IoT/retail world.



Venture Catalysts invests an undisclosed amount in Adurcups bridge round of funding; aims to boost supply chain automation across the country
Venture Catalysts invests an undisclosed amount in Adurcups bridge round of funding; aims to boost supply chain automation across the country
Gives a fillip to Adurcup’s vision of creating automation for procurement in India’s F&B industry New Delhi, January 16, 2019: Venture Catalysts, India



Barista in advanced talks with Swiggy, another player for food delivery
Barista in advanced talks with Swiggy, another player for food delivery
Barista would sell its food items through the food delivery platforms which would be cooked at its facility and distributed by the online aggregators



Flipkart parent invests $201m into Indian wholesale unit
Flipkart parent invests $201m into Indian wholesale unit
Read full articles, watch videos, browse thousands of titles and more with Google News.



This May Be An Early Sign Of A Big Shift In Indias Retail Trade
This May Be An Early Sign Of A Big Shift In Indias Retail Trade
Cash-and-carry business has started hurting consumer goods’ distributors in cities.



SoftBank Vision Fund to invest in logistics firm Delhivery
SoftBank Vision Fund to invest in logistics firm Delhivery
Masayoshi Son-owned technology conglomerate SoftBank has sought the approval from the Competition Commission of India for a proposed investment into logistics company Delhivery.



Matrix Partners India Invests In Ecommcerce Startup Zoomtails Seed Round
Matrix Partners India Invests In Ecommcerce Startup Zoomtails Seed Round
The round also saw participation from other investors such as V1 Capital, Anshuman Bapna, Kunal Shah and Shamik Sharma.



Gaurav Guptas Delhi store serves up a flamboyant palette
Gaurav Guptas Delhi store serves up a flamboyant palette
Studio Lotus helms a monochromatic canvas for the utterly flamboyant and completely surreal



Danone looks at India's dairy market once again; invests in Series C in Epigamia
Danone looks at India's dairy market once again; invests in Series C in Epigamia
Drums Food International, the parent company of fresh FMCG brand Epigamia, announced that it has raised Rs 182 crore in its Series C round led by Belgium-based consumer-focused investment firm Verlinv...



CAIT urges govt not to tweak e-commerce FDI norms on demands of big players
CAIT urges govt not to tweak e-commerce FDI norms on demands of big players
The traders body also asked the government to make it mandatory for the e-commerce companies to obtain a compliance certificate by March 31, to be able to raise funds.



Turtlemint raises $25 million from Sequoia India
Turtlemint raises $25 million from Sequoia India
The Mumbai headquartered company which sells insurance products through an assisted online model intends to scale up operations further after the fres..



Milkbasket plans to hire 2,500 people in 2 years, launches operations in Bengaluru
Milkbasket plans to hire 2,500 people in 2 years, launches operations in Bengaluru
Hiring will be made for ground operations as well as the corporate office, the company said.



How SPAR Hypermarket is revolutionizing grocery shopping in India
How SPAR Hypermarket is revolutionizing grocery shopping in India
SPAR India is part of the Landmark Group, a multinational conglomerate involved in retailing of apparel, footwear, consumer electronics, cosmetics and beauty products, home improvement and baby products. SPAR Hypermarkets came about as a license agreement between the Dubai-based Landmark Group’s Max Hypermarkets India Pvt. Ltd. and SPAR International. Today, the brand has 23 stores …



Creating in-store consumer connect
Creating in-store consumer connect
What makes a brand outlet stand out from the rest when all of them are grouped together in a mall or on a high street? Simple answer – displays that have the power to make the shopper stop and take notice. Beyond just creating a good looking store with aesthetically appealing displays, today’s retail store …



Burger Singh plans on increasing hiring, outlets this year
Burger Singh plans on increasing hiring, outlets this year
The Gurugram-based company is on the lookout for a chief operating officer and a chief financial officer, positions that it wants to fill in the next six months.



How offline food businesses are adopting analytics and IoT to drive growth
How offline food businesses are adopting analytics and IoT to drive growth
For Soulfull, a packaged food brand, technology is the backbone on which it runs its operations. This has allowed the company over the last two years to reduce the time taken for its products to reach the consumer from the farm by half.



Shell shock: Amazon India sells "Natural Coconut Shell Cup" for Rs 1365
Shell shock: Amazon India sells "Natural Coconut Shell Cup" for Rs 1365
Pictures of the coconut shell have gone viral on Twitter, Facebook and Instagram.



CCI dismisses Snapdeal's complaint against KAFF on minimum resale price
CCI dismisses Snapdeal's complaint against KAFF on minimum resale price
The fair trade regulator dismissed the complaint by Jasper Infotech Pvt Ltd, which owns and operates e-commerce platform Snapdeal.



From Raichur to Bhilwara, how Mimo is bridging the last mile for businesses trying to conquer Bharat
From Raichur to Bhilwara, how Mimo is bridging the last mile for businesses trying to conquer Bharat
Delhi-based Mimo Technologies connects telcos, banks, insurance firms, and logistics companies to customers in semi-urban and rural India with its network of trained, on-ground agents.There is one bas...



Singapore has worlds largest number of international e-commerce businesses but founders say its getting harder to expand overseas
Singapore has worlds largest number of international e-commerce businesses  but founders say its getting harder to expand overseas
Over half of the 600-over Singapore online businesses surveyed said they expanded overseas within their first year.



Going Green: Kerala Moots Banana Leaves As Plastic-Free Food Wrappings
Going Green: Kerala Moots Banana Leaves As Plastic-Free Food Wrappings
About 50,000 containers are used on a daily basis in Thiruvananthapuram, of which, about 90% show up in biodegradable waste collected by waste collectors.



US will reportedly seek criminal case against Huawei for stealing tech secrets

American prosecutors are pursuing a criminal investigation of China’s Huawei Technologies for allegedly stealing trade secrets from U.S. business partners.



Avaya Appoints Sanjay Pai as Regional Sales Leader of India

Sanjay Pai, Ex-MD of Genesys will be responsible for driving growth of the enterprise business in North and East India Location, India – 2019 – Avaya Holdings Corp. (NYSE: AVYA) today announced the…



Ericsson says willing to lower royalty rate for 5G smartphone to $2.50 per device

Ericsson is willing to halve its royalty rate for 5G smartphones to $2.50 per device from $5 to accommodate the needs of markets such as India where a..



Truecaller says locally storing data of Indian users

Swedish phone directory app Truecaller said it is one of the first global tech firms that is now locally storing the Indian users' data to ensure tran..



Xiaomi co-founder shows whole screen in-display fingerprint sensor in a smartphone

Xiaomi seems to have made some progress in the smartphone touch screen area. The firm has teased a smartphone that has a larger in-display fingerprint sensor area so users can tap anywhere to unlock the handset.



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