Sep 2, 2016 - Two independent valuations report must before sale of bad loan above Rs 50 crore: RBI to banks

TradeBriefs Newsletter
View online   Advertise
              from India Finance

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
One of the most striking things about the Camorra (Italy's foremost crime syndicate) is how good they are at business. The group runs much of Europe's drug trade, including the continent's largest open-air narcotics market in Secondigliano, in the north-east of Naples. The syndicate appears to be organised like a typical corporation, with descending levels of power. There is a top tier of senior managers who determine strategy and allocate resources; a second tier of middle managers who purchase and process the product; a third level of sales chiefs who co-ordinate distribution; and a fourth grade of street salesmen who deliver the product directly to customers. The group employs all the usual supply-chain-management methods. Its leaders source drugs from around the world (cocaine from Latin America, heroin from Afghanistan and hashish from north Africa) and make sure that alternatives are in place in case of disruption. Paolo Di Lauro, the former head of one of the most powerful clans, is arguably one of the most innovative businesspersons Italy has produced in recent years (since 2005 he has been held in solitary confinement in a maximum-security prison). As well as co-ordinating the drug trade with Colombia, he designed the group's successful franchise system, in which it treats distributors like franchisees who are responsible for their own turf rather than as mere employees. That gives them an incentive to recruit more people as well as to shift more product. They take care of the relatives of workers who die on the job. Gang members known in their role as the "submarine" deliver money and groceries to the bereaved families on Fridays. The group's efforts at corporate social responsibility (CSR) pay off. Local people invariably take the gangsters' side during police raids, forming human barricades, pelting law enforcers with rubbish and setting fire to their cars. More here

Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium).

India election 2019: Are three times more roads being built?

Is the Indian government building three times more roads than before?

Read More

Today's TradeBriefs Cartoon

Why a 4-day work week in India is a good idea

As per a survey, Indian professional would want to learn a new skill if they were to get a four-day work week.

Read More
How to fight L T takeover: The clue for Mindtree

A M Naik thwarted hostile takeover bids from the Ambanis and Birlas in early 2000s.

Read More
The Leela story: How the Nair family lost keys to its hospitality treasure

Even before Nair's demise, the company had already sold off its luxurious Kovalam property and an IT Park in Chennai. But the high level of debt forced the company to keep exploring sale of properties.

Read More
Former IL FS Financial Service directors say they weren't told of board's decisions

Restructured board says former executives had failed to discharge duties and raise red flags.

Read More
NCAER, NIPFP, Brookings get Rs 16-crore grant from Omidyar Network for research on property rights

The Rs 16-crore fund includes an innovation fund of Rs 3.5 crore (USD 500,000) to back proposals from across the country.

Read More
Why us, why don't you build your own IT firm: Mindtree's poser to L T

Mindtree promoters have termed L&T's hostile bid as unprecedented and unexplainable.

Read More
Economists raise concerns over India's slowdown with RBI chief: Sources

 Economists see weak growth, muted inflation.Monetary policy needs to do the "heavy lifting" - economists

Read More
Blackstone-Embassy REIT IPO sees 47% subscription on Day 2

Institutional investors subscribe to 59% of the shares alloted for them in the Embassy REIT IPO, retail subscription stands 32%.The Blackstone-Embassy REIT IPO plans to raise ₹4,750 crore by issuing units in a price band of ₹299-300 apiece

Read More
Evolvence India Fund eyes milestone for new vehicle, tweaks strategy

Evolvence India Fund has hit the road for its third India-focussed private equity fund-of-funds and co-investment platform, a

Read More
Fintech startup Cred in talks to raise $100 million in fresh funding

Cred founder Kunal Shah is looking to raise the funds at a valuation of $300 million, unprecedented for the four month-old startup.There is immense in-bound interest to invest in Cred even though the company recently raised money and is only four months old

Read More
Is raising venture debt worth the risk for startups in India?

Venture debt is a crazy proposition for startups in the ordinary course of business. However, it is suitable for them in a very specific set of circumstances.

Read More
Embassy Office Parks REIT's IPO nears halfway mark on second day

The initial public offering of Embassy Office Parks REIT, a real estate investment trust formed by Bengaluru developer Embassy

Read More
Dear PM, If Economy Was Truly Booming It Wouldn’t Need Advertising

If the economy were doing as well as claimed, the govt wouldn’t need to ‘distract’ us with national security issues.

Read More
India needs to bring credibility back to economic data

AS the whirlwind election season gathers momentum in India, with voting to be held in seven phases shortly between April and May, conflicting signals have emerged about the economy, especially with regards to growth and job creation. And this is finding its way into the political discourse. Read more at The Business Times.

Read More
$883b of Asia Pacific assets ate up 26% of the global private equity market in 2018

The region's deal value rose to $165b in 2018, exceeding the all-time high of $159b in 2017.

Read More
Abu Dhabi state investor commits $500m to PE veteran's credit venture

ADIA has backed a new firm launched by Thomas Lee of Lee Equity Partners and CIFC founder Peter Gleysteen to issue collateralized loan obligations.

Read More
TradeBriefs Publications are read by over 10,00,000 Industry Executives
About Us  |  Advertise Privacy Policy    

You are receiving this mail because of your subscription with TradeBriefs.
Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India