Oct 27, 2016 - Thyssenkrupp India CEO says no decision yet on Tata Steel JV

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
For Indian retailers, the Costco business model is an interesting one. No branded item can be marked up by more than 14 percent, and no private-label item by more than 15 percent. Mr. Sinegal warned that if Costco increased markups to 16 or 18 percent, the company might slip down a dangerous slope and lose discipline in minimizing costs and prices. How's that for a business philosophy, as opposed to opportunistic margin extraction that most other retailers indulge in! Sell a limited number of items, keep costs down, rely on high volume, pay workers well, have customers buy memberships and aim for upscale shoppers, especially small-business owners. In addition, don't advertise -- that saves 2 percent a year in costs. More here

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StanChart sells PE portfolio for $1 billion to Intermediate’s arm

The portfolio comprises private equity investments in companies across Southeast Asia, India, China and South Korea




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Opinion | The illiberal dogma of ‘liberal economics’

Since the 1980s, central bank independence has become a religion



Year In Review: Top Silicon Dragon Movers In VC, Startups, IPOs, Deals, Stumbles

A year in review spotlights top movers in Sino-U.S. venture capital and tech innovation, featuring Sequoia Capital, Qiming Ventures, Xiaomi, Meituan, WeChat, Alibaba, Pinduoduo, Baidu.



EDs of nationalised banks eligible to become MD of SBI: Finance Ministry

Moving away from the tradition, deputy managing directors (DMDs) of SBI were appointed managing directors in several nationalised banks earlier this year. Now, the government has allowed vice versa, by making EDs eligible to become MDs of SBI.



Union Bank of India targets ₹50,000-cr business from mid-corporate vertical

Mid-corporates provide positive impetus to India’s economic growth, says CEO



Opinion: Goldman 1MDB charges will give bankers shivers

Fines against Goldman could run into the billions of dollars: The Malaysian attorney general said he would seek restitution well in excess of the $2.7 billion in allegedly misappropriated funds and the $600 million fees paid out to Goldman



IL FS to sell domestic road assets held by ITNL

IL&FS has initiated the process of divesting its stake in the road businesses.



Bank of Baroda to shut three African branches by June

The bank in a regulatory filing said that as per the government guidelines for rationalisation of overseas presence, increase in efficiency and profitability of the overseas offices, it will close down branches in Guyana, Trinidad and Tobago and Ghana by June 30, 2019.



Emerging markets to be sole driver of CPPIB's global assets by 2025

The Canada Pension Plan Investment Board (CPPIB), the North American country’s biggest public plan, expects emerging markets,



Studds Accessories gets Sebi's go-ahead for IPO

The company obtained Sebi's observations on December 14.



Entrust Family Office closes two transactions totaling Rs 40 crore

Founded in 2013, Entrust Family Office is a Sebi-registered investment advisory firm provides investment advisory, business advisory, private equity services to clients.



Credit Suisse betting on industrials, corporate banks; underweight on consumer discretionary

Credit Suisse believes there is a risk of earnings cuts to bring growth closer to historical trend and also that of P/E de-rating once these aggressive estimates do not play out



Fino Paytech invests in fintech startup CityCash

India Business News: New Delhi, Dec 17 () Fino Paytech, the promoter of Fino Payments Bank, Monday said it has invested in Mumbai-based CityCash, operated by Tap Smart Dat



Motherson Sumi in talks with Leoni for merger

Reuters reported that car wiring maker Motherson Sumi is in early stage talks with German peer Leoni over a possible combination of the two companies.



Where the world’s smart money made and lost it in 2018

Returns from hedge funds evaporated, some of the biggest names shut up shop and investors pulled their money. But there were some bright spots



Govt to launch Bharat 22 ETF follow on offer in February to raise ₹10,000 crore

The Bharat 22 ETF follow on offer is likely to have a base issue size of ₹5,000 crore, with a green-shoe option to retain an oversubscription of equal amount, taking the total issue size to ₹10,000 crore



Govt's intense pressure on RBI could undermine India's long-term financial stability: S P

"Sustained and intense external pressure from the Indian government risks eroding these (central bank independence and prudent policy) settings over time," said S&P analysts.



Banning high value notes dragged India's economic growth down: Raghuram Rajan

Raghuram Rajan said he has seen studies which reaffirm that banning of high value currency notes in late 2016 impacted India's growth significantly.



How McKinsey helps authoritarian regimes

McKinseys role in China is just one case of its extensive — and at times contentious — work the world over.



No relief for Kotak Bank on promoter shareholding, shares fall

Kotak Mahindra Bank shares declined as much as 3.2% to hit a low of ₹1,215.10 per share



Apple Inc. device assemblers seeking $9 billion in damages from Qualcomm Inc.

Qualcomm sued the group last year, alleging contract manufacturers for Apple had stopped paying royalties related to Apple products, and Apple joined their defense



Private credit is a focus market in India for Allianz: Sebastian Schroff, Allianz Investment Management

India is facing various challenges around the banking and NBFC sectors.



View: A breath of fresh air at India’s central bank

Fears over reduced autonomy are overblown. The changeover at the RBI could be something else entirely.



CPPIB to grow its emerging market exposure: CEO

CPPIB CEO Mark Machin and senior adviser Vikram Gandhi on investments in internet companies, the good and the bad of the India opportunity and about the country’s importance for the pension fund



Brookfield to buy Leela hotels for ₹4,500 crore

The deal will mark Brookfield Asset Management’s entry into India’s hospitality sector and give a major boost to Hotel Leelaventure, which had a debt of ₹3,799 crore as of March 2018



4 years since Senvion sale, turnaround continues to elude Suzlon

Recent gains notwithstanding, the Suzlon stock is still at its historic lows



Tumultuous Year Raises India Inc Dependence on Foreign Banks

India’s companies are growing more dependent on banks to raise offshore funds going into 2019.



Qatar Hints It May Raise Deutsche Bank Stake: Handelsblatt

Qatar Hints It May Raise Its Deutsche Bank Stake: Handelsblatt



E-Commerce Payment Gateways Market 2018 Demand Analysis and Advancements Outlook: SecurePay, PayU, PayPal, Stripe, Amazon Payments
E-Commerce Payment Gateways Market 2018 Demand Analysis and Advancements Outlook: SecurePay, PayU, PayPal, Stripe, Amazon Payments
New Research Report On ”Global E-Commerce Payment Gateways Market Size, Status and Forecast 2018-202



Retail sector emerged most vibrant and fast-paced in 2018: Anuj Kejriwal, ANAROCK Retail
Retail sector emerged most vibrant and fast-paced in 2018: Anuj Kejriwal, ANAROCK Retail
The Government’s decision to allow 51% FDI in multi-brand retail and 100% FDI in single-brand retail under the automatic route was a definite - NewsBarons



Croma gets more social with brand, focuses on driving consumers to stores
Croma gets more social with brand, focuses on driving consumers to stores
 For Croma, the objective has been to use online channels to lure the customer offline where there is a greater chance of cross-selling products or nudging consumers into a premium buy



Visual Merchandising: a Sure Shot Way to Increase Sales in the Retail Sector
Visual Merchandising: a Sure Shot Way to Increase Sales in the Retail Sector
LONDON--(BUSINESS WIRE)--Dec 17, 2018--A renowned merchandising analytics solutions provider, Quantzig, has announced the completion of their latest article on the best strategies to implement visual merchandising in retail. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181217005494/en/ Best strategies to implement visual merchandising in retail. (Graphic: Business Wire)



E-commerce share in India's FMCG retail sales triples in 2 years: Nielsen
E-commerce share in India's FMCG retail sales triples in 2 years: Nielsen
India Business News: NEW DELHI: Growing consumer trust and confidence in online buying has helped e-commerce platforms expand their share in India's total FMCG retail sale.



Infibeam.com, Shapporji Pallonji Mistry backed Suvidhaa enters into strategic alliance to form omni-channel marketplace
Infibeam.com, Shapporji Pallonji Mistry backed Suvidhaa enters into strategic alliance to form omni-channel marketplace
This alliance will ensure distribution of last mile delivery of products & services, as per company statement. Suvidhaa will also acquire a minority stake in Infibeam.com.



Fossil launches 7 new products in India
Fossil launches 7 new products in India
The US-based luxury watch maker Fossil Group Monday expanded the range of smart watches in India with the launch of seven products across its six brands. The company -- whose portfolio of six brands in India include Fossil, Michael Kors, Skagen,



Titan eyeing unorganized Indian handloom saree market!
Titan eyeing unorganized Indian handloom saree market!
In an exclusive conversation with Shyamala Ramannan, Business Head, Taneria sheds light on the growth strategy on the company.



CAIT's grand rally against sealing, FDI in retail on Dec 19
CAIT's grand rally against sealing, FDI in retail on Dec 19
New Delhi, Dec 17 (UNI) Raising a strong demand for bringing a Bill in current session of Parliament to stop sealing in Delhi and not to allow FDI in retail trade, traders of Delhi and upcountry will hold a grand rally on December 19 at Jantar Mantar under the aegis of the Confederation of All India Traders (CAIT).



Retail sector to witness addition of 13.5 million sq ft space in 2019: Anarock
Retail sector to witness addition of 13.5 million sq ft space in 2019: Anarock
Among the major metros, both Bengaluru and NCR are expected to see seven operational malls in each city, followed by five in Hyderabad, three in MMR a..



Asia is leading the global digital retail market
Asia is leading the global digital retail market
Retail executives looking to understand the future of retail should take a close look at Asia, where retail is booming as Asia is leading in terms of



Online Sellers Group Asks Centre To Widen High Court Ruling On Fakes To All Etailers
Online Sellers Group Asks Centre To Widen High Court Ruling On Fakes To All Etailers
AIOVA has demanded that the Centre set up a regulatory body to monitor the trade practices of ecommerce players



More cash, more booze to drive growth in India's premium spirits
More cash, more booze to drive growth in India's premium spirits
After three years of stagnation when the industry faced sales restrictions, Indians are drinking more and spending on premium alcohol, said Abhishek K..



Lotto on retail expansion spree, will add more stores in Tier II, III cities
Lotto on retail expansion spree, will add more stores in Tier II, III cities
Footwear brand Lotto runs around 40 EBOs and plans to add another 60 stores every year. Additions to retail space will continue at an accelerated space over the next years across Tier II and III cities. Lotto has created a niche in the India



Ikea's presence is good for us, says Pepperfry
Ikea's presence is good for us, says Pepperfry
Online furniture market place Pepperfry recently announced its FY-18 consolidated numbers, which showed a decline in their losses straight for the second year.



Indian Telecom export body urges NSA to ban on Chinese telecom gears

Unless there is conclusive proof, the US-led attack on Chinese telecom giant Huawei Technologies smacks of commercial nationalism



COAI defends Huawei in India; urges TEPC to not make any security submission to NSA

The COAI, which represents telecom service providers, also requested the government to conduct its own due diligence in this context. It said that any..



Some states charging 50 times higher for telecom infra rollout: DoT

Telecom Secretary Aruna Sundararajan said that some states and UTs are charging up to 50 times higher fees from companies for rolling out telecom networks



From December 29, you'll likely have only 3 plans on your cable, DTH

With the Dec 29 deadline for the introduction of new cable and DTH plans approaching, operators are finalizing their strategy to deal with the regulatory change as smoothly as possible. According to industry sources, the strategy of the DTH and cable operators will be built...



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