Wednesday, July 17, 2019

July 17, 2019 - As telecom firms hold on to tariffs, volume growth falls off the cliff

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TradeBriefs Editorial

From the Editor's Desk

In blockchain we trust

To understand why blockchain matters, look past the wild speculation at what is being built underneath, argue the authors of The Age of Cryptocurrency and its newly published follow-up, The Truth Machine: The Blockchain and the Future of Everything.

The dot-com bubble of the 1990s is popularly viewed as a period of crazy excess that ended with hundreds of billions of dollars of wealth being destroyed. What’s less often discussed is how all the cheap capital of the boom years helped fund the infrastructure upon which the most important internet innovations would be built after the bubble burst. It paid for the rollout of fiber-optic cable, R&D in 3G networks, and the buildout of giant server farms. All of this would make possible the technologies that are now the bedrock of the world’s most powerful companies: algorithmic search, social media, mobile computing, cloud services, big-data analytics, AI, and more.

Continued here

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Telecom
As telecom firms hold on to tariffs, volume growth falls off the cliff

Revenues of telecom companies have stabilized after several quarters of declines.Volume growth has come off from the 35-40% levels seen in the preceding quarters


Telecom
Mukesh Ambani's Reliance Industries may bid for Anil's RCom in bankruptcy

In March, with a dramatic intervention, Mukesh Ambani saved his younger brother from imprisonment by paying the dues of Rs 580 crore owed by Anil's firm to the Swedish telecom equipment maker Ericsson


15 More Telecom Stories




Finance
The World Economy Is Too Messy for India to Go for Sovereign Bonds

Instead, the Modi government could harness unproductive gold reserves to raise savings and investment.


Finance
The forces behind the bond market's upswing

Mutual funds raised their sovereign bond buying to increase the safety net of their funds.Public sector banks have been net sellers during this upswing


16 More Finance Stories


Food/FMCG
Farmers urge Modi govt to take action against illegal cultivation of GM crops

Farmer unions have threatened to hold a nationwide strike if the government fails to take action against illegal cultivation of GM crops.


Food/FMCG
Soap opera: Eye on Future, HUL launches laundry brand after 30 years

HUL's new laundry brand launch is reminiscent of its introduction of Wheel detergent in 1988 to take on Nirma.


7 More Food/FMCG Stories






Software
Azim Premji Bets Big On Four Areas In His Last Wipro AGM As Chairman

Wipro will “significantly” step up investments in these areas, says outgoing chairman Azim Premji at AGM.


Software
Meet India-born Huma Abidi, who spearheads AI for Intels projects

Intel's AI technologies are being used for numerous applications including faster drug discovery to fight diseases like cancer, finding missing children, and optimising crop yields


10 More Software Stories


Ecommerce
Snapdeal cuts losses by 71% to Rs 186 cr in FY18-19

As per regulatory documents filed by Snapdeal, its consolidated revenues grew to Rs 925.3 cr in 2018-19 as compared to Rs 535.9 cr in 2017-18, marking..


Ecommerce
[Funding alert] Online pharmacy Netmeds raises Rs 6.19 Cr from its parent entity

The company has issued 2,36,259 equity shares on July 10 to the holding entity. In April 2019, Tresara Health had invested Rs 79.45 crore in the company.


6 More Ecommerce Stories






Digital
Facebook's Peter Thiel says Google should be investigated for ties to China

Number three, is it because they consider themselves to be so thoroughly infiltrated that they have engaged in the seemingly treasonous decision to work with the Chinese military and not with the US military, Peter Thiel said.


Digital
India may want to ban all crypto, except 'digital rupee'

Reports of a new crypto bill, "Banning of Cryptocurrency and Regulation of Official Digital Currencies," surfaced that would completely ban digital currencies.


10 More Digital Stories


Franchise
OYO Hotels Homes acquires co-working firm Innov8

As part of the acquisition, Oyo will also onboard an estimated 150 Innov8 employees on to its rolls.





HR
How this 63-year-old entrepreneur quit his job to start an HR firm, and now makes Rs 940 Cr revenue from Airtel, TCS, and Bosch

Read how Kolkata-based Rajendra Prasad Yadav started HR services and flexi staffing company 'Genius Consultant' and led it to Rs 940 crores.


HR
TV Narendran, the crisis man driving a cultural change in Tata Steel

Narendran, whose second tenure as Tata Steel's Global CEO & MD will come up for shareholders approval on July 19, wants to make the steelmaker agile.


18 More HR Stories


Logistics


Logistics
Tolls are here to stay, says Nitin Gadkari

'If you want good services, you have to pay for it.'


18 More Logistics Stories



Construction
To build Gurugram of tomorrow, the city must move out of cars

In Gurugram, the despair came on Monday morning as the traffic squad of a local developer with acres of property on either side of the junction removed the traffic circulation plan.


Construction
OYO buys co-working venture Innov8

The SoftBank-backed hospitality chain is planning to expand the business to 50 centres by the end of the current calendar year.


6 More Construction Stories


Marketing
Pallavi Singh takes over as Marketing Director at BMW India

Singh moves to BMW India from MG Motor India where she was Marketing Head


Marketing
New-age shoppers put a premium on experiences, say brand leaders

At the 15th episode of Brand Studio Live, marketers discussed how tech-savvy and well-informed consumers are transforming the way brands communicate with them.


12 More Marketing Stories



Politics
PM Wants Names Of Absentee Ministers On Parliament Duty: Sources

Prime Minister Narendra Modi today tore into ministers who had skipped parliament duty and asked for a list of absentees to be given to him every evening. At a weekly meeting of the BJP parliamentary party, PM Modi asked Parliamentary Affairs Minister Prahlad Joshi to give the names of ministers who had been absent despite being rostered for parliament duty.


Politics
BS Yeddyurappa Plays Cricket With Party MLAs At Bengaluru Hotel

As the focus Tuesday shifted to the Supreme Court, which is hearing the pleas of 15 Karnataka MLAs against alleged delay by the Speaker in accepting their resignations, the state BJP President BS Yeddyurappa was seen in a relaxed mood playing cricket with party legislators who are camped at a resort on the outskirts of the city.


10 More Politics Stories


Sports
England World Cup final star Ben Stokes likely to receive UK Knighthood

Stokes who was also awarded man of the match in the final scored 84 runs, playing an important role in manoeuvring his side to the World Cup glory. This was England's maiden World cup title after a wait of 44 years.


Sports
Sachin Tendulkar picks Jonny Bairstow over MS Dhoni in his World Cup XI

Bairstow, who is not even the first choice keeper in the English team in which Jos Butler is preferred, made the cut as the stumper-batsman in Tendulkar's XI ahead of the more experienced Dhoni.


10 More Sports Stories



Entertainment
2019 Emmys: Anthony Bourdain Lands Posthumous Nomination 1 Year After Death

Bourdain was nominated as an EP for his CNN series Anthony Bourdain Parts Unknown


Entertainment
Dwayne Johnson thinks a black Superman movie might happen soon

While Superman has mostly been depicted as a white man, there have been variants like Calvin Ellis in DC Comics. Dwayne Johnson thinks that the day is not far when we will see a black Superman on the big screen.


14 More Entertainment Stories


Work


Work
Will ships without sailors be the future of trade?

May saw the world's first unmanned commercial shipping operation.


10 More Work Stories



Life
The story of a female Indian violinist whose phenomenal career was cut short by fate

Philomena Thumboochetty drew praise even from Yehudi Menuhin.


Life
The five most creative cities?

The most buzzy, artistic places on the planet are not the ones you might expect – Libby Banks explores what actually makes a cultural hub.


10 More Life Stories


Retail
Local sourcing norms for FDI in single brand retail to be eased soon: Goyal

He was addressing CEOs of multi-national companies in the UK-India Joint Economic and Trade Committee meeting held on Monday in London.Currently 100% FDI is permitted in the sector with certain conditions, including 30% mandatory local sourcing preferably from MSMEs


Retail
Flipkart: To keep discounts in play, Flipkart writes a sop story

Etailer incentivises sellers to pass on additional discounts to 'loyal customers on Flipkart Plus.


13 More Retail Stories



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