Friday, August 30, 2019

August 30, 2019 - PEs exit Micromax via buyback, valuation crashes 93% in 4 years

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TradeBriefs Editorial

From the Editor's Desk

9 Terms You'll See In Your Startup Equity Offer- And What They Actually Mean

No one - with the possible exception of finance experts - looks at their equity package and thinks, "Yep, makes sense."

To help clarify, we've put together a short glossary of terms you're likely to see in your offer, along with literal - and more practical - definitions.

Continued here

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Telecom
PEs exit Micromax via buyback, valuation crashes 93% in 4 years

PE players are selling 6.9% in the company for Rs 93.65 crore to the promoters, whose holding will increase to more than 85%, Micromax said in its latest regulatory filings.


Telecom
Soon, Apple to directly sell iPhones online in India

On Wednesday, India eased rules that forced companies such as Apple to source 30% of their production locally.Modi govt's latest investment rules could provide a boost to Apple


16 More Telecom Stories


R & D

Finance
RBI cancels registration of 12 NBFCs; 5 more surrender their licences

The Reserve Bank has not assigned any reason for the cancellation of licence of these companies.


Finance
India's government is scrambling to revive the economy

What is has offered may keep businesses on their feet—for a while


10 More Finance Stories


Food/FMCG
Why Chakri Lokapriya is ready to buy Tata Global Beverages

Market needs immediate stimulus to revive earnings, says the MD of TCG AMC .


Food/FMCG
After weeks of doom and gloom, FMCG top brass express optimism

The mood in the room seemed to be far from the 'doom and gloom' narrative that FMCG majors were projecting a few weeks ago.Get latest Business online at cnbctv18.com


3 More Food/FMCG Stories


Tax Strategy & Technology Summit 2019
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Software


Software
How The Open Source Movement In Hardware Is Catching Up With Software

With the exponential growth of open-source software projects by the private sector, open-source hardware has also gained significant traction in the developer community. Open-sourcing projects, both hardware and software, make the project technically advanced and cost-effective. Basically, open-source hardware can be defined as the physical objects under certain licencing which can be studied, created, modified…


11 More Software Stories


Ecommerce
E-marketplaces asked to upload compliance details by Sept 30

These compliance reports have to be uploaded by September 30, and in this instance will cover only the February-March 2019 period, as the new FDI norms came into effect from February 1.


Ecommerce
Flipkart reduces single-use plastic by 25 percent

Ecommerce major Flipkart has made a commitment to move towards a 100 percent recycled plastic consumption in its own supply chain by March 2021.


6 More Ecommerce Stories


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Digital
26% FDI in digital media restrictive, say industry experts

The government had earlier approved 26% FDI in print media and 49% for news channels.According to experts, until now there has been no clarity on FDI in digital media and there may be many with 100% foreign investment


Digital
AI to surpass humans: Musk crosses swords with Jack Ma

At the World Artificial Intelligence Conference in Shanghai, Musk said that computers will one day surpass humans in 'every single way' .Ma argued that humans will continue to be in control


9 More Digital Stories


Franchise
Burger King Corp not to raise stake in India biz: Burger King India CEO

Majority stake of Burger King India is held by Everstone Capital, which holds 87.5 per cent, and reports suggest that the private equity firm was scouting for opportunity to divest stake.


Franchise


1 More Franchise Stories



HR
The 33 Best Companies For Workers, By Industry

The good news is that there are companies – in every sector – leading the way in keeping their employees safe, healthy, and prepared for the future of work.


HR
Appointment of Chief of Defence Staff: A Historic Decision

The decision to appoint CDS is an important milestone in India's quest for complete integration of its defence forces; a significant step towards seamless coordination, better efficiency, and greater effectiveness of the national defence architecture in meeting the challenges of the 21st century.


7 More HR Stories


Logistics
In relief for lenders, Air India unit to pay ₹22,000 crore dues in September

Air India Assets Holding's debt repayment will sharply lower interest obligations of the national airline.Proceeds of issue will be used to retire working capital debt parked in the special purpose vehicle


Logistics
Railways to upgrade entire signalling system with anti-train collision system: Rail Board chairman

The railways has identified 10 more high-speed rail corridors besides the Mumbai-Ahmedabad route to give them to private players.


14 More Logistics Stories



Construction
103 private hydro projects fail to take off in Arunachal

Firms that won the contract to set up the projects lack the capacity to do so, says govt.india has installed generation capacity of 357.87GW. Of this, 45.4GW comes from hydropower projects


Construction


25 More Construction Stories


Marketing


Marketing
Slowdown Blues: Modi govt may shut down Scooters India, maker of iconic brand Lambretta

Currently, Scooters India sells three-wheelers under the brand name 'Vikram'; as part of Plan B, the government may sell its non-core assets to improve its financial condition


5 More Marketing Stories



Politics
Don't Appoint Relatives In Ministries, Avoid Tall Claims: PM Modi To Ministers

Prime Minister Narendra Modi instructed his council of ministers on Wednesday to make only those claims which can be established and also not to appoint their near and dear ones in advisory roles in ministries.


Politics
Varnished 100 Rupee Currency Notes To Be Introduced Soon

The Reserve Bank will soon introduce varnished banknotes of Rs 100 denomination on a field trial basis to increase the life of the banknotes and also look at ways to make them disabled-friendly in FY20.


21 More Politics Stories


Sports
Anjali Devi beats Hima Das's 400m season best timing at National Athletics meet

Anjali Devi ran the fastest 400-metre lap by an Indian for this season on Thursday, clocking 51.53 seconds at the National Inter-State Senior Athletics meet. This timing is more than half a second better than the season best by Hima Das.


Sports
Hockey Olympic Qualifiers draw to be held on September 9, India-Pakistan tie a possibility

The draw to determine the matches of the upcoming FIH Hockey Olympic qualifiers will be held on September 9. The drawn nations will play two back-to-back matches as qualifiers. India will draw either of Malaysia, France, Ireland, Korea, Pakistan, Austria, Egypt.


21 More Sports Stories



Entertainment
Saaho will decide whether Prabhas is a two-hit wonder or bonafide pan-India superstar

Saaho star Prabhas became a sensation with the release of Baahubali: The Beginning in 2015. But he did not achieve this scale of success by just delivering one global hit. It came to him after 15 years and 18 films.


Entertainment
TV shows today are very regressive: Supriya Pathak

Actor Supriya Pathak believes it is the content that will always interest the audience and not the big names associated with a film.


9 More Entertainment Stories


Work
Thomas Cook to sell majority stake to China's Fosun

The troubled travel firm says it has reached agreement with Chinese company Fosun over a takeover.


Work
Trade war drives 'innocent' Asian nations towards recession

The US-China trade battle is hurting economies in Asia and fuelling anxiety about a global downturn.


7 More Work Stories



Life


Life
Is this the most violent show on TV?

As the super-stylish British gangster drama returns for a fifth series, its goriness is set to divide opinion more than ever, writes Sarah Hughes.


8 More Life Stories


Retail
Flipkart will manage Nautica stores in India from now on

Nautica will be the first global brand of such size and scale to be managed by Flipkart.Flipkart will help Nautica to strengthen the brand and its business in India


Retail
Apple thanks Indian government for relaxing local sourcing norms

The decision will position India as a favourable destination for foreign brands to manufacture locally.This allows Apple to open up 'destination stores' in major cities in India and gives it an upper hand in terms of retail


14 More Retail Stories



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