May 21, 2016 - IFC to invest Rs 134 crore in Biyani's Future Consumer

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Retail IFC to invest Rs 134 crore in Biyani's Future Consumer Joins global investors such as Proterrra, Verlinvest Retail Flipkart's courier seeks to monetise logistics investments, build data for e-commerce Ekart goes live next week, with cross country delivery in 4 days; by June, it will service 3,800 pin codes, enable pickups in 8 cities Retail Amazon, Flipkart or Snapdeal: who will win India's e-commerce wars? Success will be more a function of how Amazon, Flipkart and Snapdeal deal with the regulatory and market conditions than how they do with each other Retail Make in India, PM may tell Cook Getting an assurance from the Apple CEO on manufacturing in India will mean much to the NDA government Retail Retail start-up Appie raises $1 million, Ratan Tata invests in chat-bot firm Appie plan to acquire 10,000 retailers across 3 cities in the first year; chat-bot maker Niki.ai claims a user base of 40,000 Retail AskMe Grocery ties up with three local brands in Ahmedabad Online grocery aggregator, AskMe Grocery, has entered into a strategic alliance with c Sports GL vs KKR, IPL 2016: GL beat KKR by 6-wickets, Suresh Raina stays 53-unbeaten in Kanpur Dwayne Smith (4/8) and Suresh Raina (53*) ensure GL leapfrog RCB to go second in IPL standings. Sports I would like to see Rahul Dravid as India coach, Zaheer Khan as bowling coach: Harbhajan Singh Harbhajan Singh said Rahul Dravid is ideal to be the next chief coach of Indian cricket team with Zaheer Khan as bowling coach. Sports Andy Murray the form player but Novak Djokovic the man to beat at French Open Novak Djokovic's loss to Andy Murray in Rome was only his second in their last 14 meetings but it will have planted a few doubt in Serb's mind. Sports Ashish Nehra ruled out of IPL 2016 with hamstring injury Press release issued by Sunrisers Hyderabad stated that Ashish Nehra has sustained a significant hamstring tendon injury during the match against KXIP. Entertainment John Boyega to join ‘Black Panther’ cast "Star Wars: The Force Awakens" actor John Boyega is rumored to be joining Chadwick Boseman in upcoming "Black Panther". Entertainment Made ‘Sarbjit’ keeping in mind sensitivity of family: Aishwarya Rai Bachchan Aishwarya Rai Bachchan said "Sarbjit" has been made keeping in mind sensitivity and emotions of the family of the Indian convict. Entertainment Boundaries between commercial, content-driven cinema dissolving: Swara Bhaskar Swara Bhaskar says boundaries between commercial and content-driven films are fading away. Entertainment Nagesh Kukunoor keen to screen ‘Dhanak’ for Shah Rukh Khan Nagesh Kukunoor says he wants to hold a special screening of his upcoming film "Dhanak" for superstar Shah Rukh Khan. Telecom Net neutrality debate is back COAI has asked for clarity in the norms on differential pricing for CECN by the regulatory body. TRAI issued a consultation paper on net neutrality today. Telecom As 4G network rolls in, this is the right time to be here: Tim Cook Reliance Industries is likely to team up with Apple for a long-term relationship wherein the tech giant will supply a couple of million VoLTE iPhones compatible with Reliance Jio's upcoming 4G network, as per reports. Telecom Tax issue between Indian govt and Nokia not to impact its phone business: ICA Nokia has announced plans that will see its brand return to the mobile phone and tablet market Telecom We are in India for the next thousand years, says Apple boss Tim Cook Apple is looking at India as an investment destination, in addition to pushing the sales of its products in the country.   Politics Assembly Election Result 2016: Big Comeback For Mamata, Jaya, BJP Wins Assam; Left Takes Kerala Celebrations broke out outside the homes of incumbents J Jayalalithaa and Mamata Banerjee as the two politicians marched home a second time in Tamil Nadu and West Bengal even as a resurgent Bharatiya Politics In Victory, Mamata Banerjee Proves She Was The Only Candidate In All 294 Seats In West Bengal KOLKATA--The final tally is not out but it’s clear Mamata Banerjee’s great gamble has paid off. She had shrugged off the demons of Saradha and Narada, syndicates and flyovers and declar Politics Braving A Lifetime Of Electoral Reverses, O Rajagopal Becomes First BJP MLA In Kerala "If at first you don't succeed, try, try, try again" — this old proverb seems fitting for the Bharatiya Janata Party's O Rajagopal, who on Thursday became the first BJP candidate to wi Politics Who Is Sarbananda Sonowal? The Incredible Rise Of Assam's Next Chief Minister Sarbananda Sonowal was only 30 when he became the president of the All Assam Students Union (AASU), the youth wing of the state's regional party, the Asom Gana Parishad (AGP). Today, 23 years later, S Digital New technology media startup FactorDaily that aims to be India's Wired, gets $1 million funding from Accel, Blume, and Paytm's Vijay Shekhar Sharma FactorDaily, a newly formed media startup in India, has raised $1 million to kick start its efforts to build a consumer tech publication for, and from, India. Digital Infosys forms committee to oversee startup investments, acquisitions; Omidyar Network India head Roopa Kudva to head this committee Omidyar Network India head Roopa Kudva will lead this committee. Other members of the committee include Biocon chief Kiran Mazumdar Shaw and Bank of Baroda chairman Ravi Venkatesan. Digital Ratan Tata invests in artificial intelligence startup Niki.ai Ratan Tata invests in chatbot niki.ai, his 10th investment in a startup so far in 2016 - Niki.ai has also received funding from existing investor Ronnie Screwvala-led Unilazer. Digital Trai exploring free internet solutions within net neutrality The Telecom Regulatory Authority of India is seeking inputs on free data offers. HR Maersk Invests in Ship Recycling Yards in Alang, India Having recently made a long term commitment to create more responsible recycling options in Alang, India, Maersk Group has reached an agreement for the landing of the first two vessels. HR Infosys revamps processes across verticals to boost productivity The initiative, which is internally being called the “Process Plus Plus Initiative,” was actually conceptualised nearly 12 months ago. HR 4 Ways to Fly Fearlessly: How a Chance Encounter at the Airport Became a Ticket to Career Growth HR Volvo India recruits 8 candidates from RD Tata Institute Jamshedpur, May 18: World top automobile company Volvo conducted campus placement drive at RD Tata Technical Education Institute in Golmuri on May 9 and se Logistics SpiceJet reports profit of Rs 73 crore in Q4, the highest profit of Rs 407 cr was recorded on march ended '16 vs a loss of Rs687 cr in fy'15 The airline also said that they have reported the highest-ever profit of RS 407 crore during FY 2016 as against a loss of Rs 687 crore during FY 2015. Logistics Flipkart's logistics arm Ekart to launch courier service, to be called Ekart Courier to be launched next week Logistics Titagarh, Cimco win Indian Railways' order for 2118 wagons Titagarh, Cimco win Indian Railways' order for 2,118 wagons - Texmaco came in second with an order for 1,338 wagons. Logistics West Bengal CM Mamata Banerjee raises hope for GST passage Hailing the landslide victory of Trinamool Congress in West Bengal assembly polls, industry leaders on Thursday said the state can play an important role in the passage of long-stuck GST legislation with chief minister Mamata Banerjee reiterating her support to the bill. Finance HSBC to close nearly half its India branches, focus on digital banking About 300 employees might be hit by closure of 24 branches Finance India’s biggest task is to find capital to fund growth: Piyush Gupta DBS Group Holdings CEO Piyush Gupta on how India is at the bottom of a curve that is going to take off and why Raghuram Rajan should stay on at RBI Finance RBI eases norms around FDI in credit information companies RBI to consider allowing higher FDI limits for entities which have an established track record in running a credit information bureau Finance PSU banks’ top brass may miss bonus for not meeting targets To add to the banks woos, their earnings remained muted as loan growth slowed to a 50-year low in 2015-16 even as recovery from defaulters remained a challenge. Ecommerce Myntra suffers tech glitches; spams its app users with notifications of products being dispatched and delivered without users ordering them Myntra app users took to Twitter to complain of incessant notification being sent on their phones. Ecommerce Location-based offline retail discovery platform Appie raises a bridge round of funding worth around $1 million Location-based offline retail discovery platform Appie, which is operated by Mumbai-based Appie Mobiquity Pvt. Ltd, has raised a bridge round of funding worth Ecommerce Fashion curation apps like LimeRoad, WithMe, Voonik are carving a business out of recommending what to wear Startups like WithMe , Styledotme boast of a stickiness that keeps users coming back, but is this a winning model? Ecommerce BHIVE Workspace raises $1 million; Funds to be used to expand base in Bengaluru and six other cities Funds to be used to expand base in Bengaluru and six other cities, increase headcount, build on technology, processes and brand building Marketing Tap Your Inner Marketing Seer : A Conversation With Futurist Garry Golden If you were hiring for the marketing department of the future, would you rather hire someone who’s highly technical and knows how to crunch the data, or someone who understands the art and is very creative? Marketing Are Chatbots Ready For Brands? : Report Consumers can finally have a chat with a bot—Miss Piggy on Facebook Messenger. But it might not be wise to jump on the bot wagon just yet. Marketing Google users can now buy products through image search ads : Report Search giant Google has introduced shopping ads on its image search, through which ads related to products will show on the platform, where they can be clicked to buy. The company adds that an advertiser’s ad will automatically be eligible to show on image search under its Google Search Network. Marketing Apple Hires Samsung Exec Rajiv Mishra To Lead Apple Marketing in India India still accounts for a small proportion of Apple sales, but the market is expanding rapidly. Indian officials would like Apple to do more high-tech production there. Software Software developer of TOR Browser on FBI radar : Moves out of US to evade arrest Software developer of popular Anonymous software, Tor Browser, Isis Agora Lovecruft has left US after dodging FBI. Software Apple opens Maps development office in Hyderabad, says ‘right time’ to be in India Though the California-based company did not reveal the quantum of investment, it maintained that the capital will help accelerate Maps development and create up to 4,000 jobs. Software Tata Communications to sell 74% stake to ST Telemedia for $630 million Tata which provides data services through its network of undersea and terrestrial cables, has been looking to sell non-core assets to cut debt. Software Global smartphone sales up 3.9% in Q1 2016, says Gartner Samsung led the market with 23.2 per cent share, followed by Apple (14.8 per cent), Huawei (8.3 per cent), Oppo (4.6 per cent) and Xiaomi (4.3 per cent). Construction Pune Smart City Development Corporation will be headed by Kareer Nitin Kareer earlier served as Pune municipal commissioner and has cordial relations with all party leaders in the city. Construction 183 illegal buildings on land meant for Koyna dam PAPs gets clearance Around 90 chawls had come up on a four-acre land in Thakurpada area of Pimpri village that was reserved for developing amenities for project affected .. Construction 10 flats to adopt eco-friendly waste disposal method in Kozhikode CREDAI has already successfully executed the scheme in Kochi. It will set up the two units of waste disposal facility at the apartments opting for sch.. Construction Two applications get cleared out of four applications received by SEBI for Infrastructure Investment Trusts No application has been received for Real Estate Investment Trust (REIT), although the regulator has been getting a lot of enquiries from potential co.. /SportsArchives I believe more in my ability to hit sixes now, says Virat Kohli Virat Kohli knows that the teams try to entice him by bowling outside the off-stump channel but he is game for the challenge /All BusinessArchives Government to ask UCO Bank and two other public sector banks to merge with bigger peers The merger decision is exploratory at this stage and there is no certainty about the completion of the acquisitions, SBI said in a filing to the stock exchanges. /SportsArchives 17 Cancer Survivor Kids Meet Yuvraj: ‘As cancer survivor and cricketer, Yuvraj sir has inspired me’ The youngsters, who had undergone treatment at Rajiv Gandhi Cancer Hospital, had come to watch the match through an association with Yuvraj’s cancer foundation YouWeCan. /SportsArchives KKR vs RCB, IPL 2016: We have the home advantage against RCB, says Yusuf Pathan One of the positives for Kolkata Knight Riders this season has been the form of Yusuf Pathan. /WorkWork The Top 3 Tips To Create A Connected Company VideoNeeru Arora, the Chief Information Officer and Chief Knowledge Officer for Aon, recently joined me at the Future of Work Forum in Chicago. Aon is a prominent professional services firm that serves many top Fortune 500 companies. They are the leading provider of risk management, insurance, human resource solutions, and [...] /All BusinessArchives DBS Bank to set up offshore tech hub in Hyderabad It has created a wholly-owned subsidiary -- DBS Asia Hub 2 -- for this purpose and according to a filing with the exchanges, the initial and paid-up capital for the same stands at Rs 70.5 crore. /EntertainmentArchives Watch: Sonu Nigam goes unrecognised as old street musician Sonu Nigam slipped into the garb of an aged street performer for a newly released web video. /SportsArchives Premier League: On final day, Manchester City secure fourth place, Arsenal jump to second Manchester City drew 1-1 at Swansea City, Arsenal crushed Aston Villa 4-0 and Spurs capitulated 5-1 at 10-man Newcastle United. /SportsArchives MI vs DD, IPL 2016: Krunal Pandya’s all-round heroics gives MI lifeline Krunal Pandya’s whirlwind knock and incisive bowling give Mumbai Indians a massive 84-run win over Delhi Daredevils. /SportsArchives Virat Kohli breaks Chris Gayle’s record of most runs in a single IPL season Virat Kohli's 752* is the most by any batsman in a single season of the IPL. Chris Gayle is the second best with his 733 in 2012. /SportsArchives If he’s interested, Rahul Dravid will do a good job as India coach: Ricky Ponting Ricky Ponting feels that Rahul Dravid has got everything that takes to be an Indian coach and is best suited candidate to perform the duty /SportsArchives Max Verstappen wins Spanish GP to become youngest F1 winner Max Verstappen, only 18 and debuting for Red Bull after being promoted from Toro Rosso a week earlier, beat Kimi Raikkonen in second. /All BusinessArchives High-speed trains: Indian Railways to lay 20 km-long trial track In a first for Indian Railway, the public sector transporter is laying a 20 km-long test track, equipped with a state-of-the-art laboratory, near Raipur for trial of high-speed and regular trains it plans to introduce. /EntertainmentArchives Nawazuddin Siddiqui gets roaring applause at Cannes Nawazuddin Siddiqui was welcomed with cheers and applause post the screening of his film “Raman Raghav 2.0” at Cannes 2016. /All BusinessArchives Apple CEO Tim Cook to visit India this week, to meet PM Narendra Modi: Sources Tim Cook's visit comes at a crucial time as Apple seeks new growth markets such as India after posting its first-ever decline in iPhone sales. /All BusinessArchives SBI merger: India may soon have a global Top 50 bank After over five years of hiatus, associate banks of SBI including State Bank of Bikaner and Jaipur have proposed to merger with the parent lender. The respective boards have proposed merger with th /All BusinessArchives EduPristine raises $10 million in a second funding round; looking to acquire companies offering similar services to improve growth Private equity fund Kaizen Management Advisors and US-based education company DeVry Inc participated in the round /SportsArchives Indian boxing going through its toughest time, says MC Mary Kom Disadvantage MC Mary Kom refers to is the absence of any Indian referees and judges owing to the absence of a national federation. /All BusinessArchives Apple CEO's likely agenda for multi-day India visit The world's second-largest smartphone-maker remains under-penetrated in the world's second-largest market by volume. /All Business /EntertainmentArchives No more lampooning, Bollywood embraces gay characters As the world observes International Day against Homophobia tomorrow, we talk to Bollywood celebrities and discuss how the portrayal of homosexuals in films have changed over years. /All BusinessArchives Facebook Messenger and Imo banned in Saudi Arabia The takedown of voice and video calling on Facebook Messenger, follows a pattern of such features of communication apps not working any more. /EntertainmentArchives Natalie Portman won’t return for Thor: Ragnarok Natalie Portman is not coming back for "Thor: Ragnarok." /All BusinessArchives No free ride for investing in India through quasi equity investments under India-Mauritius pact Those holding such instruments would do well to convert them into shares before April 1, 2017, to enjoy the exemption on capital gains tax. /EntertainmentArchives Meet the little star: Pune girl enjoys the spotlight as The Silence makes noise at the Cannes Eleven-year-old Vedashree is making a debut in the world of films with Marathi film, The Silence, which deals with the subject of child abuse. /SportsArchives IPL 2016, KXIP vs SRH: SRH through to playoffs after Yuvraj Singh beats Kings XI Punjab Chasing 180 for win, David Warner scored 52 while Yuvraj Singh made an unbeaten 42 as SRH reached the target with two balls to spare. /SportsArchives IPl 2016: Stephen Fleming calls D/L method rubbish RPS suffered after they were set to defend 66 from nine overs as per D/L method, a target KKR knocked off in five overs. /All BusinessArchives Interview with Environment Minister Prakash Javadekar: 'No wholesale changes to green laws, focus on strict compliance' Says govt working on Civil Penalties, CAMPA laws; no plan to demarcate ‘Go/No-Go’ forest areas. /All BusinessArchives After Freedom 251, Chinese mobile manufacturer to launch smartphones starting at Rs 700 Chinese mobile phone manufacturer Transsion Holdings on Monday announced its entry in the Indian market with its global brand itel phone in an affordable price range of Rs 700-Rs 7,000. /All BusinessArchives Harleys, Ducatis, Kawasakis on rent! Uber ties up with Bangalore-based Wicked Ride to offer premium motorcycles on rent Following the earlier disruption of its Uber Moto services, Uber will offer the ‘Uber Wicked Ride service through its dashboard during limited windows in different cities. /All BusinessArchives Indian Railways earmark special provision for environment in all projects, such as solid waste management, water conservation and tree plantation Giving top priority for clean environment, railways has decided to earmark one per cent of estimated cost of any project for environment works. /EntertainmentArchives Dwayne Johnson lauds Baywatch co-star Priyanka Chopra for handling pressure, action Dwayne Johnson has appreciated how Priyanka Chopra, the villain of his next movie Baywatch, handled the "pressure" and the "kind of action" that the movie has. /All BusinessArchives Amid digital focus, HDFC Bank, Yes Bank and others may add 1,500 branches Four large private lenders may add about 1,500 branches between them, growing their physical presence by a tenth this fiscal. /SportsArchives KXIP vs SRH, IPL 2016: We have belief in ourselves to play perfect game, says David Warner David Warner let out the secret behind his team's success, saying it's all about staying hungry and having self-belief. /All BusinessArchives RBI's relaxation of rules may broaden shareholder base for private banks Foreign institutions that hold 5% or less in private sector lenders have already started thinking about raising their stakes, said two executives with knowledge of the matter. 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