Nov 1, 2016 - Khandelwal Labs in talks to sell oncology portfolio to Italy

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Today, the information that buyers need to make a purchase decision is just a click away. The power in the buying and selling process has shifted from the seller to the buyer. Also, information is free now. Sales no longer gets to play gatekeeper. So what does this shift mean for the future of sales? There are three things that stand out: 1) Helping is the new selling. Sales today is all about being helpful and building trust - not about being pushy or trying to close a deal. 2) Businesses need to start treating people like people, not leads. 3) Sales reps will be compensated for customer success. More here

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Banks seek clarity on inter-creditor agreement rejig

Bankers not sure if ICAs need to be rewritten or new clauses will have to be inserted and agreement have to be newly signed.




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India cannot stay immune to global impact of the trade war: HSBC’s Quinn

I do not think any economy in the world will be immune from the impact of the trade war, says Noel Quinn.Noel says that the trade war is an opportunity for India



No nasty surprises lurking: Yes Bank CEO Ravneet Gill

Private equity is an external validation that somebody has looked at stuff which is not in public domain, says the Yes Bank CEO.



US Commerce Secretary Urges Modi Govt to Open up Indian Economy, Market for American Companies

US Commerce Secretary Wilbur Ross said he is planning a trip to India in the near future to discuss and address some of the key issues challenging the India and US trade ties.



Opinion | The secret to reviving India’s stuttering economy

Governance reform is as essential to strengthening India’s growth as economic reform



RBI to pump in Rs 12,500 crore liquidity on June 20

The government securities to be purchased in the auction would be communicated in due course, the RBI said.



Aiding 'organized crime': India alleges 22 audit violations by Deloitte, KPMG arm in fraud case

India detected at least 22 violations of auditing standards by Deloitte Haskins ...



No capital need from government, says SBI chief Rajnish Kumar

Rajnish Kumar after meeting with Finance Minister for pre-Budget consultations said the SBI doesn't need any capital from the govt.In March this year, SBI raised ₹1,251 crore in bonds to boost its additional tier 1 capital ratio while its board has extended the deadline to raise ₹20,000 crore till March next year



Who is Laxman Narasimhan, the second person of Indian-origin to head Benckiser?

He is the second Indian after Rakesh Kapoor to be appointed as Reckitt Benckiser CEO.



Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

Indiabulla Housing Finance’s shares jumped as much as 10.9 percent to Rs 688.70 apiece.



PwC fined $5.8 million over audit of Redcentric

Two partners, Jaskamal Sarai and Arif Ahmad, were fined 140,000 pounds each. All fines were discounted to reflect an early settlement of the case.



Yes Bank drops out of India's top 10 most valued lenders

Yes Bank stock fell as much as 12.74% to hit over four-year low of ₹117.50 on BSE.Yes Bank has been replaced in the top 10 by Bank of India with market cap of ₹27740.85 crore



Promoters of DHFL in talks with PE firm; expect USD 1 bn from sale of half of their holdings

India Business News: New Delhi, Jun 13 () Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner USD 1 billion (a



Sixth Sense scores one of the best VC exits in India in recent times

Nikhil Vora-led Sixth Sense Ventures has generated one of the highest returns on an investment by a venture capital firm in India



Yes Bank quiet on Kapoor's demands, assures shareholders on asset issues

The stock has lost 60 per cent in the past one year.



Telecom panel tells Trai to review recommendations on 5G spectrum sale

Trai has been asked to respond to DoT’s request on reserve prices with revised suggestions within a month.Bharti Airtel has said 5G prices are exorbitant, while Vodafone Idea suggested the 5G auction should happen in 2020



Telcos may look at cost-competent options to rollout 5G: Cisco's Chuck Robbins

The value of 5G in India is even higher than in advanced countries as it enables India to jump straight to ‘smart infrastructure’ that comes at a ..



India to take 'calibrated' call on Huawei soon, no compromise on security: Telecom Secy

Telecom Secretary said that DoT is keeping an eye on global developments regarding Huawei.



BSNL introduces Abhinandan recharge for Rs 151, offers free calling and 1GB data per day

Under the plan of Rs 151, BSNL users will get 100 SMS per day and 1GB data benefit per day along with free calling. The plan comes with the validity o..



Airtel Digital TV Now Offering More Than 100 Long-Term Plans to Subscribers

Airtel Digital TV is also a prominent DTH provider which got a large number of long-term plans for its subscribers and is combining them with an cashback offer



GST anti-profiteering body dropped the charge: Airtel

Bharti Airtel on Thursday said the GST anti-profiteering authority has dismissed a complaint against its subsidiary Bharti Telemedia for not passing on tax rate cut benefits to consumers.



Vodafone Idea and Bharti Airtel Reach Out to Samsung for 4G and 5G Equipment After USA-Huawei Fiasco

Vodafone Idea and Bharti Airtel are in exploratory talks with the Korean telecom equipment manufacturer, Samsung, as Huawei's future seems to be bleak



Jio GigaFiber to launch in next few weeks: Here's all you need to know before you get it

India contributes 12% of the world's3.8 billion internet users, while China has 21%, according to the Mary Meeker report. The report credits Mukesh Ambani’s



Vivo's Z series to be Flipkart-exclusive in India

To launch its first Z series device in India, Chinese smartphone manufacturer Vivo on Wednesday announced exclusive partnership with online marketplac..



Bharti Airtel Finds Its Way Back into Growth and Stability After Two Years of Data Tariff War

Bharti Airtel has managed to get stability in the market finally and has even witnessed positive influence in its financial tickers like ARPU, profitability



FMCG firms vie for hair care business

Hindustan Unilever witnessed strong performance of its hair care segment in the FY19.



ITC’s Aashirwad consolidates position, becomes over Rs 4,500-crore brand

ITC is a leading FMCG marketer in India and its non-cigarette or new FMCG business includes branded packaged foods, personal care products, education & stationery products and agarbatti, among others.



ITC CMD Sanjiv Puri's remuneration up by over 51% in 2018-19

Puri (56), who has been recently elevated as Chairman of the Kolkata-headquartered company after Y C Deveshwar passed away, took home Rs 4.06 crore in FY 2017-18.



HUL employees find a lever, crorepati club grows 27% after falling for 4 years

Around 143 executives at the country's largest consumer goods firm took home more than Rs 1 crore in annual salary last fiscal.



Freshtohome hopes to double turnover to Rs 300 crore

The company recently started operations in Dubai, Mumbai and Pune besides its presence in Karnataka, Kerala, Tamil Nadu and Delhi/NCR regions.



How online grocery startup Grofers’ valuation rose from $310M to $800M in a year, and is now looking to double its revenue

By focussing on its current model without offline push or faster delivery and not expanding to newer markets, Gurugram-based Grofers is looking to double its revenue.



TikTok ramps up recruiting from big tech with Facebook exec hire

Bytedance has already hired several executives from YouTube, including Vanessa Pappas, a seven-year veteran of the Google video service.



List of investors in India that every startup should know

50k Ventures 50K Ventures is an investment platform to back technology startups at the idea and early-stage of their lifecycle. Established in 2014, this firm mentors, nurtures, and accelerates seed startups in India. Some companies invested: PeeSafe, Automate.io, i-lend, Fabulyst, KhanaGadi, Commut, MyDidi Get in touch: 50kventures.com Email: sanjay@50kventures.com Aarin Capital Aarin Capital is also …



Miniso goes online in India as it goes easy on opening stores

The company announced a tie-up with Noida-based Achhacart a B-to-B online distributor that will supply the retailer's goods to other e-commerce website.Miniso that has 105 stores in India had set an ambitious target of opening 800 stores by 2020



[Funding alert] Ex-Flipkart execs' Arzooo.com raises $1M in Pre Series A

Arzooo will be using the $1 million funding to expand to new geographies and innovate its technology offerings.



This startup creates a legacy for you after death, Anand Mahindra shows keen interest

The New York Times story, published by ETRise, seems to have clicked with the readers, with most calling it a wonderful idea.



Now you can deliver packages for Amazon in your spare time with Amazon Flex

Amazon is targeting housewives, security guards, college students, and anyone who has spare time to make deliveries in their areas and days of their choice.



In a challenge to Amazon & Flipkart, 'live commerce' apps set eyes on non-metro users

Nascent companies like Bulbul and simsim target an audience beyond the metros to capture the space that still shows potential.



WeWork to weigh $1.9 billion deal for control of India unit

Adding India to its asset portfolio may benefit WeWork as it preps for its IPO.India is one of WeWork’s fastest-growing markets, with 35,000 seats in more than 20 shared locations 18 months after launch



Ola plans to set up technology centre on rival Ubers home turf of San Francisco

Ola’s last international expansion was in April in the UK when it launched services in seven cities.Headquartered in Bengaluru, Ola has a presence in 150 cities across India, besides operations in the UK, Australia and New Zealand



Tata Sons chairman N Chandrasekaran hints at more collaboration among Tata group firms

Chandrasekaran said there is both the need as well as the room for more collaboration between group firms.



FreshtoHome.com gets ₹80 cr from UAE-based CE Ventures

FreshtoHome.com, the e-commerce platform for fresh meat and fish delivery, has received ₹80 crore funding from the UAE based CE Ventures.The money will be utilised to strengthen sourcing supply chain



China likely behind cyber-attack against Telegram, says CEO

The Chief Executive of popular encrypted messaging app Telegram, said on Wednesday the messaging service experienced a “state actor-sized” cyber attack and pointed to China as its likely country of o



How a delay in software updation proved costly for SBI’s customers

SBI has not given effect to some provisions in the Finance Bill 2019 related to deduction of tax at source



Chennai IT companies take measures to reduce water consumption amid severe shortage

Old Mahabalipuram Road (OMR) also known as Rajiv Gandhi Salai is Chennai’s IT capital with hundreds of large IT parks and tech firms dotting the stretch.



HCL Tech catches them young with ‘Tech Bee’ programme

Picks Plus 2 students for training, jobs



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