regulations.The EMI option has been struc-

tured so that the amount due as in-terest to banks will be offered as adiscount to consumers. The retai-

lers, ecommercesellers or thebrands will shoul-der the interestburden, three peo-ple familiar with

the development said. Consu-mers won’t have to pay processingfees, convenience fees or anyother charges.

Flipkart, Future Group Offer Scheme��25

Writankar Mukherjee & Atmadip Ray

Kolkata: Retail outlets, onlineshopping sites and banks havespiced up the festive market bybringing back zero-cost EMIs(equated monthly instalments)on credit card spends, a move ai-med at benefitting customers, sel-lers and lenders seeking to boostcredit growth.

The scheme has made a come-back after three years, althoughin a tweaked format, to complywith the Reserve Bank of India’s

Retail Therapy: Zero-CostEMIs to Spark Festive Spree

No Easy Loans toPromoters withDubious Record

Promoters with a question-able financial track recordmay find it difficult to getcredit from PSBs as banks arebeing encouraged to access adatabase of offenders whileassessing applications as partof a strategy to prevent badloans from piling up, reportsDheeraj Tiwari.��9

NEW DELHI | 28 + 4 PAGES OF BRAND EQUITY + 4 PAGES OF ET PANACHE | .̀ 3.00 OR .̀ 7.00 ALONG WITH TOI WEDNESDAY, 28 SEPTEMBER 2016

ECONOMY: MACRO, MICRO & MORE��9 SPORTS: THE GREAT GAMES��2640 UNDER FORTY��15, 16, 17, 18, 19, 20, 21

BENNETT, COLEMAN & CO. LTD.

THE ECONOMIC TIMESWWW.ECONOMICTIMES.COM

WEF Index: India SecondMost Competitive in BRICS

Spotlight on The YoungAchievers of 2016

Bayern Munich Travel toMadrid to Face Atletico

Is scrapping of the Indus Waters Treatyenough to keep Pakistan in check?

www.economictimes.com

Is the Middle East losing its hold as theworld’s primary source of energy?

TODAY’S QUESTION

35%YES

57%NO

8%CAN’T SAY

-0.19

-0.25

0.11

0.13

0.19

-0.48

-0.64

-1.88

% CHANGE

`/$

Gold Std*

Silver (`/kg)

Brent ($)

*(`/10gm) Compiled by ETIG Database

Nifty

Sensex

BSE Midcap

BSE Smallcap

LAST

8,706.40

28,223.70

13,275.62

12,904.32

66.49

31,250.00

46,400.00

44.81

Market Tracker

Procter & Gamble’s Global Chief Executive David Taylor met PrimeMinister Narendra Modi on Tuesday to discuss the company’smanufacturing initiatives in the country and partnership opportu-nities in education and the government’s cleanliness drive, reportsSagar Malviya. Taylor has been reorganising the consumer goodsmaker’s brand portfolio selling dozens of unprofitable brands.��5

P&G CEO Taylor Meets ModiMANUFACTURING PLANS, SWACHH DRIVE DISCUSSED

network is shared, our fibre isshared, our towers are shared,our voice is shared…,” Ambaniadded. He was responding toshareholder questions aboutwhy the two companies aren’t of-ficially merging with each otherdespite numerous agreementsaround collaboration.

‘Two Committed Brothers’��14● RPower’s Thermal Plans��7

Our Bureau

Mumbai: A decade after theAmbani brothers split, RelianceCommunications (RCom) Cha-irman Anil Ambani announcedthat his telecom company has“virtually” merged with Relian-ce Jio Infocomm, owned by elderbrother Mukesh.

“As far as our 100 million custo-mers are concerned, as far asour 1 million retailers are con-cerned, as far as our employeesare concerned, and as far as ourvendors and partners are con-cerned, there has already been avirtual merger of the two orga-nisations (RCom and Jio),” Am-bani told shareholders atRCom’s AGM on Tuesday.

“Our spectrum is shared, our

SPECTRUM, FIBRE & TOWER PACTS IN PLACE

Airtel has blamed Jio’s‘under-preparedness’and large pre-launch

user base for huge call failures onthe latter’s network.��25

Airtel Blames Jio for Call Drops

Introducing son Anmol as a new director on Reliance Cap-ital's board, Chairman Anil Ambani on Tuesday said AmbaniJr has brought “tremendous luck” to the company.��14

Anil Introduces Son Anmol

“I’m happy that we’ve overcome all our past issues at the family level... In terms of business we’re separate.”

“I’m happy that we’ve overcome all our past issues at the family level... In terms of business we’re separate.”

“I’m happy that we’ve overcome all our past issues at the family level... In terms of business we’re separate.”

“As far as our 100 million customers are concerned, as far as our 1 million retailers are concerned... there has already been a virtual merger of the two organisations (RCom and Jio).”Reliance Group Chairman Anil Ambani at RCom AGM on Tuesday

RIL Chairman Mukesh Ambani to ET on September 8

RIL Chairman Mukesh Ambani to ET on September 8

“As far as our 100 million customers are concerned, as far as our 1 million retailers are concerned... there has already been a virtual merger of the two organisations (RCom and Jio).”Reliance Group Chairman Anil Ambani at RCom AGM on Tuesday

Anil Ambani saysRCom & Jio have Virtually Merged

QUEUING UP Bank of India, Canara Bank, IndusInd Bank, IL&FS andMahindra CIE among cos set to raise big money in next 1-3 months

Rajesh Mascarenhas & Indulal PM

Mumbai: Qualified institutio-nal placements (QIPs) are resur-gent after having gone into a ste-ep decline in the first eightmonths of the year. Indian com-panies are expected to raise.̀ 10,000-12,000 crore by sellingshares to qualified institutionalinvestors in the next few weeks,taking advantage of a liquidity-driven market rally to meet im-mediate spending needs or cleanup stretched balance sheets.

Half-a-dozen companies haveraised about .̀ 3,000 crore in Sep-tember, three times what was ge-nerated in the first eight monthsof the year.

Buyers Keen on Indian Stocks��25

QIPs All Set to Make a.̀ 12,000-cr Comeback

The Great ResurgenceFund-raising Through QIPs

20112012201320142015Jan-Aug ’16Sept 2016

Year

91210333276

No. of Issues

QIPs in September

Motherson Sumi Bharat FinancialsSatin Creditcare Fiem IndustriesDwarikesh SugarDhampur Sugar

SOURCE: PRIME DATABASE/REPORTS

Amount Raised(` Crore)

3,4594,7058,075

7953,234

31,68419,065

Amount Raised(` Crore) Company

1,9937502501205961

I-bankers have conducted at least two dozen overseas roadshows in North America, Europe, Middle East & Far East

Companies offering fixed deposits have cut interest rates by25-75 basis points in past 15 days in line with the fall in ratesoffered by bank deposits, reports Prashant Mahesh.��13

Cos Cut FD Rates by 25-75 Bps

A Lot in StoreSCHEME available with Big Bazaar,eZone and Central

FLIPKART toooffering zero-cost EMI

INTEREST cost to be borne by sellers, brandsin form of discounts

CONSUMERSwon’t have to pay processing fees or any other charges

MOVE MAY PUSH

CREDIT GROWTH

Google to OfferWiFi in Public,Data-lite Tools

Celebrating its 18th birthday,Google on Tuesday an-nounced to offer WiFi inpublic places like malls andcity centres and made chatapp Allo Hindi-enabled. It willalso bring a data-lite versionof YouTube and new data-saving features on GoogleChrome for mobile.��25

Pure Politics

IMPRINT Leaves a Big Impact on Research

A year after its launch, thefunding mechanism forboosting India-specificresearch — IMPRINT — isyielding results. Some 31ministries have proposed toco-fund 229 projects at IITsand other institutes.��4

Crop Cover PlanBetter than LoanWaiver: Mishra

The NDA government’sinsurance scheme to cover allcrop loss at minimum premi-um is better than Congress’loan waiver promise, saysUnion minister and veteranBJP leader Kalraj Mishra.��4

RaGa’s KhaatSabhas Mock thePoor: Sadhvi Jyoti

MoS for Food ProcessingIndustries Sadhvi NiranjanJyoti said Rahul Gandhi wasmaking fun of the poor byholding khaat sabhas. “Peo-ple who sleep on Dunlopmattresses will never knowwhat a khaat means for apoor man,” she said.��4

‘MFN’ TO PAKUNDER REVIEW��PAGE 2

FLIPKARTLINES UPJUMBOOFFERSPAGE 6

Scheme makes comeback in a new format

COUPON & CASHBACK SITES TOO ROLL UP SLEEVES��6

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CCI NG 3.5 Product: ETDelhiBS PubDate: 28-09-2016 Zone: DelhiCapital Edition: 1 Page: ETDCFP User: satyam.shukla Time: 09-28-2016 00:15 Color: CMYK