Inside Mukesh Ambani’s Reliance e-commerce plan

download (5).jpgSource: LiveMint.com, Jun 14, 2018

Mumbai: Billionaire Mukesh Ambani is planning to enter the e-commerce business by combining the best of online and offline shopping experiences, a business model that will require zero cash burn to acquire customers.

As part of the plan being put together by two of Reliance Industries Ltd’s (RIL) consumer-oriented units—Reliance Jio Infocomm Ltd and Reliance Retail Ltd—the company plans to sign on local merchants, boosting their sales through what is known as O2O (online-to-offline) marketplace, a business model that Chinese e-commerce giant Alibaba has pioneered, said one person with direct knowledge of the matter, on condition of anonymity.

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RBI may hike rates again in August on rise in inflation

download (4)Source: The Hindu Business Line, Jun 13, 2018

Mumbai: Headline inflation surging to a four-month high of 4.87 per cent in May is likely to force the Reserve Bank of India to hike rates once again at its August monetary policy review, analysts said.

The commentary comes a day after industry body, the Confederation of Indian Industry (CII), said monetary policy tightening will increase the cost of doing business and force India Inc to slowdown on investments, which are critical for pushing the growth agenda.

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Gujarat to be 1st state with 100% piped gas network, India to see 25% coverage

download (3).jpgSource: Business Standard, Jun 14, 2018

Gandhinagar: Gujarat will become the first Indian state to get completely covered under the piped gas distribution network after the ninth round of bidding, which will see a quarter of the country brought under the network.

The western Indian state already has 84.31 per cent of its area under the city gas distribution (CGD) network, and will see the remaining area covered after the ninth round of bidding which opened last month, Petroleum and Natural Gas Regulatory Board Chairperson D K Sarraf said here today.

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HDFC Bank gets capital adequacy boost with Cabinet nod for Rs 240 bn FDI

download (2).jpgSource: Business Standard, Jun 13, 2018

In a move that is likely to make a marked improvement in HDFC Bank’s capital adequacy ratio, the Union Cabinet on Wednesday approved a proposal for foreign direct investment (FDI) worth Rs 240 billion for the lender.

The Cabinet has also approved a law for safety of dams, and has okayed the setting up of a National Committee for the purpose. State level committees will also be set up to oversee laws on dam safety at the state level.

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New telecom policy likely to be in place by July, says Manoj Sinha

Source: Business Standard, Jun 13, 2018

New Delhi: The new telecom policy is expected to be cleared by the Union Cabinet by the end of next month, Communications Minister Manoj Sinha said today.”I am hopeful of getting Cabinet approval on NDCP by end of July,” he said while talking about the achievement of the government in the last 4 years.

The government has recently issued draft of the National Digital Communications Policy (NDCP) 2018 which aims to provide access to every household with download speed of 50 Mbps, attract investment of around Rs 6.5 lakh crore in the sector and create 4 million new job opportunities with a few years.

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CAD widens to 1.9% of GDP in Q4FY18

download (1).jpgSource: The Economic Times, Jun 13, 2018

Higher software exports and remittances have failed to salvage the current account deficit which rose to 1.4% of GDP pushing the import bill from 0.4% of GDP a year ago on account of rising crude and commodity prices.

Current account deficit (CAD), the excess of a country’s imports over exports rose to $ 13.0 billion or 1.9 per cent of GDP in Q4 of 2017-18 , up from $ 2.6 billion or 0.4 per cent of GDP in Q4 of 2016 -17, but moderated marginally from $ 13.7 billion or2.1 per cent of GDP in the Q3 of 2017-18, according to the preliminary numbers released by the Reserve Bank of India.

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Solar installations in India rise by 34% in Q1

download.jpgSource: IBEF.org, Jun 13, 2018

New Delhi: Solar installations in India increased by 34 per cent to 3,269 mw in the first quarter of 2018 compared with the fourth quarter of 2017, according to Mercom Communications.

“Q1 2018 was the best quarter on record for solar installations in India, with 3,269 MW, a 34 per cent increase compared to 2,448 MW installed in Q4 2017. Installations were also up when compared to the 2,991 MW installed in Q1 of 2017,” Mercom Communications India said in a statement.

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