May 20, 2016 - IFC to invest Rs 134 crore in Biyani's Future Consumer

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk I had to read this news (related to student suicides in Kota) a couple of times to see if I was missing something - The IIT entrance examination is tough, and requires more than just proficiency with the Class XII syllabus. That prompts students to take up coaching classes, Irani explained. To address that, "for the first time, the government, in conjunction with the IIT Council, will ensure that the question papers (of JEE) conform to Standard XII syllabus". "If degree-level questions are asked, we cannot expect a school student to answer," the minister added. She said the present system was encouraging students of various school boards to go to places such as Kota "to get that knowledge". So, the minister believes making an entrance examination dumber (one of the few that actually works well) is the solution to student suicides! Wow! 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.. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe 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