Chennai

SLCM to widen ops in SE Asia; eyes Africa

SLCM, the post-harvest agri-logistics and agri-financing company, is expanding its presence to southeast Asian countries like Cambodia and Vietnam and is exploring some of the African nations.

5% e-com transactions fraudulent

In e-commerce, transactions representing five per cent of the total Gross Merchandise Value is fraudulent. Almost half of online retail consumers have experienced some fraud directly or indirectly. India stands amongst the top four countries in the Asia Pacific region in terms of highest digital adoption, digital banking account sign-up and utilisation. The fast pace at which digital adoption has happened also has seen rise in digital frauds, finds global information services company Experian, in its Asia Pacific Fraud Insights report.

Candidates do not want machine to take over hiring

Companies and recruitment agencies are fast adopting technology-driven processes in hiring to increase efficiencies. But it seems, it has not gone well with the candidates. A recent survey finds that majority candidates find it frustrating when machine takes over man.

M&A deal value drops 54% July-September: EY

Merger and Acquisition activity fell more than 50 per cent in Q3 of calendar year 2017 after companies adopted wait and watch policy before embarking on big ticket acquisitions. The cumulative disclosed deal value of M&A in the quarter fell 54 per cent to $6.2 billion from $13.7 billion in the same period last year. However, the volumes increased marginally by 8 per cent to 252 deals against 234 deals in the year ago quarter, according to EY’s recently released Tran­sactions Quarterly Report.

Elevator firms baffled over eligibility for lower GST rate

Lowering of GST rates for elevators in single residential units has put the industry into confusion. Some developers are getting “fake” bonds signed by owners to get the tax benefit.

In August, the government had lowered GST rates for elevators in single residential units from 18 per cent to 12 per cent, while rates stay the same for other types of housing complexes.

Corporates cut investment in gold ETF by 38% in a year

Thanks to systematic investment plans, retail investors now have the largest share of assets managed by gold-backed ETFs. Corporates, on the other hand, have been reducing their exposure to these gold funds.

Retail investors accounted for 44.63 per cent of the total assets of Rs 6,215 crore managed by gold ETFs last quarter. In the same quarter of the previous year, retail investors were the second largest investor group with a 33.2 per cent share, behind corporates.

Hiring in manufacturing to stay flat in near future

Despite the much-hyped ‘make in India’ campaign and jump in the ‘ease of doing business’ list, hiring in the manufacturing sector has been down in the past several quarters and is likely to remain flat at least for the next couple of quarters. 

Simple home content policies see better offtake

Home and home contents insurance is an under-penetrated category in India. Insurers who have simplified their policies are seeing significantly high growth in offtake.

Royal Sundaram re-launched its home structure and contents policy in January this year, making the product simpler for customer both at the time of purchase and claim. Between April and September this year, the policy has seen 100 per cent growth in premium. The new and old home insurance category has been growing by 10-12 per cent.

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