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ANALYSIS-Labour shortage a stress test for Japan's 24/7 convenience stores
Japan's growing labour shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7. Japan has around 55,000 convenience stores nationwide - roughly one for every 2,300 people - and each store needs around 20 part-timers to run it. As Japan's population shrinks, its workforce has declined to 77.2 million in 2015 from a peak of 87.2 million in 1995.
U.S. charges investment bank vice president with insider trading
An investment banking vice president and risk management specialist was criminally charged on Monday with insider trading in Neustar Inc (NSR.N) before the advertising technology company agreed to be acquired by a private equity firm. Shares of Neustar rose 21 percent last Dec 14 after Golden Gate's takeover of the Sterling, Virginia-based company for about $2.9 billion including debt. Krishnamoorthy, 41, faces one criminal count of securities fraud, and a maximum 20 years in prison if convicted.
Harish Bhasin's firm starts to exit from DCM Shriram
Signaling an end to years of hostile takeover battle, late Harish Bhasin's HB Stockholdings has started exiting the Delhi-based DCM Shriram Industries. The stock has surged more than 500 per cent since August 2015, making it attractive for HB Stockholdings to look at exit options. Since DCM Shriram is not a very liquid share, it may take a while before HB Stockholdings completely exits the firm. Tilak Dhar, promoter, chairman and managing director of DCM Shriram, could not be reached for comment.
Shenzhen Stock Exchange to facilitate Indian tech startups' access to Chinese investments
The China-based Shenzhen Stock Exchange is creating a platform which will facilitate access of Chinese capital for Indian fin tech companies and technology based startups. The Tech 2.0 platform which already exists for Chinese companies will now be extended for new generation of Indian tech companies-called as Cross-border Capital Services Platform. The platform will be operated by Shenzhen Securities Information Co, Ltd, a wholly owned subsidiary of Shenzhen Stock Exchange.
Sebi pending cases surge after implementation of new norms
Any default irrespective of the gravity should be settled by Sebi, said Yogesh Chande, partner at law firm Shardul Amarchand Mangaldas Advocates and Solicitors. Due to the steep increase in workload, around 3,579 adjudication cases and 2,558 cases under section 11 remained pending at the end of March 2015. During financial year 2011, Sebi took 389 regulatory actions against alleged defaulters while 359 consent applications were filed separately for out-of-court settlement with Sebi.
With petrol pumps, Reliance turns retail into Rs 34k-cr biz
The figures are not strictly comparable, though, as the company put its petroleum retail business under its organised retail segment from 2016-17. Revenue for the full year was Rs 33,765 crore ($5.2 billion), up 60.2 per cent as compared to the previous year. Reliance Market and Reliance Trends are two most profitable formats of the company's retail business. In the fourth quarter, Reliance Market continued additions to its store network and launched a 50,000 sq ft store at Amritsar.
HCL Technologies to acquire US-based Urban Fulfillment Services for $30 mn
Software services firm HCL Technologies Ltd on Monday said it has agreed to buy US-based mortgage business process outsourcing (BPO) company Urban Fulfillment Services Llc (UFS) for around $30 million. The transaction includes payments that are subject to Urban Fulfillment meeting certain financial milestones. The acquisition of Urban Fulfillment Services strengthens HCL's capabilities in mortgage BPO services, loan fulfilment and debt servicing space, Anoop Tiwari, corporate vice-president and global head of business services at HCL Technologies said in a statement to the stock exchanges.
Lodha Developers sets $1 billion 2021 target for commercial biz
Lodha Developers Pvt Ltd has set up a commercial business vertical that will steadily build a portfolio of leased assets-office, retail and logistics-and aims to have assets under management of $1 billion by 2021, said a top executive. As GST gets implemented, warehousing will be determined by the efficiency of the operations as compared to the location. I don't think Mumbai has many efficient warehousing and logistics hubs, Lodha said.
D-Mart lands first sell rating as shares soar
The rich valuations of Avenue Supermarts Ltd, the owner of D-Mart, are finally beginning to worry analysts. A month after Avenue Supermarts's blockbuster debut on the bourses, Kotak Institutional Equities has come out with the first sell rating for the grocery retail chain. That said, a sell rating doesn't imply that the stock price is set to fall or won't find support.
Uber, France spar over whether company is a transport service
Two of Uber's executives in France were fined last year over UberPOP, Uber's service using unlicensed drivers, which has since been suspended. France did not notify Brussels of its law and as such criminal penalties cannot be enforced against Uber, the company argued. It is the second case concerning Uber that the Luxembourg judges will rule on, the other being a dispute with Barcelona's main taxi operator in which the ECJ is asked whether Uber is a digital service or a transport service.
Amazon Prime a key differentiator for the US e-commerce firm in India
Amazon's flagship membership programme Prime, which has helped the e-commerce giant lock in millions of online users in the US, is proving to be a key differentiator for the retailer in India as well, a report said. Prime has become a key lever for Amazon in its battle against arch-rival Flipkart. The Indian numbers mirror a phenomenon that Amazon first witnessed in its home market, the US, when it first launched Prime in 2005.
Amazon India shares top spot with Flipkart on e-tailer leader board: RedSeer survey
While Flipkart lost some points on overall brand performance, Amazon covered significant ground in areas such as customer satisfaction, as metrics such as net promoter score (NPS) show. According to executives directly familiar with the numbers of both firms, Amazon currently lags Flipkart on monthly gross sales, but it is catching up fast. Flipkart, too, has a loyalty service but the company isn't pushing it as aggressively as Amazon.
Gold prices dip below Rs 30,000 on weak global cues
Silver also declined by Rs 100 to Rs 41,600 per kg on reduced offtake by industrial units and coin makers. Globally, gold tumbled 1.5 per cent-the biggest decline since March 2-to trade at USD 1,265.51 an ounce in Singapore. Besides, fall in demand from local jewellers and retailers at current levels weighed on prices, they said. Sovereign followed suit and declined by Rs 100 to Rs 24,400 per piece of eight grams.
LIC records 27.22% growth in first-year premium in FY17
LIC of India has registered a growth of 27.22% in new business in terms of first-year premium (FYP) in 2016-17. He gave away 126 individual & group cash awards and merit certificates on the occasion of 62nd Railway Week. Sunita Sharma appointed Managing Director of LIC Sunita Sharma has been elevated to the rank of Managing Director of LIC of India. She was the Managing Director & CEO of LIC Housing Finance before this appointment.
Re surges to nearly two-week high of 64.44/$
The rupee on Monday came back strongly against the US currency by surging 17 paise to close at a two-week high of 64.44 on heavy dollar selling by exporters and banks. It was further supported by unwinding of long-dollar positions by speculators against the backdrop of rising risk-on sentiment. Under the agreement, the bank will provide 10 basis points concession to home buyers and 10-35 basis points to CREDAI's developer members.
Reliance Jio's losses widen to Rs 31.37 crore in FY17
Reliance Jio on Monday reported widening of its net losses during the six-month period from October to March, a period when the company virtually had no revenue. During the period when the company ran two back-to-back promotional offers, the company reported a loss of Rs 22.50 crore. Net loss stood at Rs 7.46 crore in the same period a year ago, Reliance Jio Infocomm said.
Shareholders give nod for RCom-Aircel merger
Anil Ambani-controlled Reliance Communications (RCom) on Monday said it has received 99.99% shareholders' approval for merger of its wireless business with Aircel. It was also approved by shareholders of RTL at their meeting held on Monday pursuant to the order of the NCLT, the statement added.
Maruti Suzuki set to drive in all-new Swift Dzire in May
Maruti Suzuki India Ltd is set to bring in all-new Dzire next month, the entry-level sedan, which when launched almost nine years ago became a game changer for the industry and the company. In 2012, the company brought out a shortened model of Dzire to take advantage of the excise rules, forcing other manufacturers to follow the suit. Despite the entry of some other models in the segment, Dzire's position in the segment remained stagnant.
Hinduja Group eyes digital cable biz in Punjab
Chandigarh, April 24 To explore investment opportunities in Punjab, Hinduja Media Group MD & CEO and whole-time Director of Hinduja Ventures Ltd, Ashok Mansukhani will meet Punjab Chief Minister Amarinder Singh tomorrow. According to sources, the group has evinced interest in Headend in the Sky (HITS) cable broadcast in the state. These signals are then down- linked by the local cable operators and delivered to consumer homes via cable.
Sequoia Capital invests $3 million in Satya Paul owner Genesis Colors
Venture capital investor Sequoia Capital India has invested $3 million of additional capital in its initial public offering (IPO)-bound portfolio firm Genesis Colors Ltd, two people in the know said. Genesis Colors, the owner of luxury fashion labels such as Satya Paul, plans to sell shares to the public to fund expansion and provide an exit opportunity to its investors. The group's brands such as Satya Paul, premium lingerie brand Bwitch and an accessories business are housed under Genesis Colors.

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