Today’s Business Headlines-14th April 2017-Tentaran.com

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Here are the Business Headlines as on 14th April 2017:

Business Standard

Infosys Q4 numbers go off track, CEO Vishal Sikka’s pay drops 40%. Infosys to spend $2 billion on buyback or dividends over 12 months to placate investors who are unsettled by the global downturn of IT services.
RBI tightens screws on banks to ease bad debt. Any bank with a net non-performing assets (NPA) ratio of six per cent or more, as of March 2017, will come under the scanner of the RBI.
Exports jump 28% in March; trade deficit swells to 4-month high of $10.4 bn. However, at $274 bn, exports fail to exceed $300 bn in FY17 for second year in a row.
Amazon.com’s head of web services earned more than CEO. The head of Amazon Web Services, which includes the company’s cloud business, received $35.4 million in stock and about $179,000 in salary and a 401(k) match, according to a regulatory filing from the Seattle-based company Wednesday.
Future Group’s Kishore Biyani bets big on small stores. Biyani gets his group ready to meet an ambitious target of selling goods worth Rs 1 lakh crore annually by 2020-21.
After Supreme Court order, Adani Power faces write-offs, restating accounts. Restructuring of power holdings likely.
We aren’t looking at new States for store roll-out: Walmart India CEO. Walmart India is gearing up to roll out more stores from the first quarter of the next financial year.

Mint

Edelweiss raises $350 million for credit-focused fund. Edelweiss Special Opportunities Fund II comes at a time when a host of other firms in the alternative investment space are in the market to raise credit-focused funds.
Back from the brink, Eros tries new strategy, downplays crisis. ‘Absolutely no question of a liquidity crisis’ says Eros group chief executive officer Jyoti Deshpande.
HDFC Property to launch $500 million offshore fund. Fund will invest up to 40% in office spaces and the rest in residential projects with a focus on affordable housing.

Economic Times

Selling on Amazon to cost more. Amazon India will charge higher commission from online sellers on its platform in some categories to cut losses and make profits.
Bharti Airtel moves Telecom Tribunal over Jio schemes. Objects to alleged delays from Jio’s end to implement Trai’s order to stop Summer Surprise offer.
Smartphone sales were flat on y-o-y basis in the online segment in 2016. Sales grew only 1% from 31% share of market that online clocked-in 2015.
Amazon India is all set for major Bollywood alliances with $300 million budget for video content. Hires consultants from film business to evaluate setting up a film studio.
Market gives thumbs-up to Digital money. e-payments saw growth of 57% in fy 2017.

Startup world

Ola received Rs1,675 crore from SoftBank as part of a bigger funding round that will lower the company’s valuation to about $3 billion from $4.5 billion.
Google launches the Areo app—currently operational in Mumbai and Bengaluru—that aggregates food delivery and home services start-ups in India.
Swiggy has attracted Naspers of South Africa at close to $400 million valuation. Should get a total of $60-80 million including commitment from existing investors.
Bhim, Bharat Interface For Money, gets a push from PMO and will enable Indian citizens to make digital payments using their bio-metric data. Citizens without access to Smartphone, Internet, Debit or Credit card can also use this.