May 26, 2016 - Apple gets FIPB nod for retail stores, but must meet 30% local sourcing norms

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk So what does an AI-first world look like for Google? Example 1: You might ask Google, what's playing tonight. Today, through voice recognition and natural language processing, Google understands that you're probably talking about movies. You can imagine going a step further. If I'm asking it on a Friday, to have the context that maybe I want to watch with my family, and give me three movies I might like. I might then say, "Is Jungle Book any good?" Then I might ask it to pick up tickets. Then the next day, I might pick up the phone and Google says, it's a few hours before the movies and your tickets are here. Example 2: One of the internal teams, just six or seven engineers, has applied machine learning algorithms to the detection of diabetic retinopathy, a medical condition that is treatable when caught early but can lead to blindness when it is not. Using tools based on machine learning, doctors can diagnose it much much better Example 3: Increasingly, you'll be going about your daily life and the Google assistant will pop up to help. Mother's Day is a week away? Google may suggest you get on with your shopping. Full story here Retail Apple gets FIPB nod for retail stores, but must meet 30% local sourcing norms Tech giant allowed to set up fully owned shops, with 30% local sourcing like everyone else Retail Taxing times for ecommerce sector Forbes India (blog) Forbes India (blog)Importantly, the framework of the Indian constitution seeks to promote and protect free flow of trade across states and frowns upon any tax that disincentivises such movement. Despite this, the bandwagon of states that are choosing to tax ecommerce ... Retail Aditya Birla Fashion & Retail posts Rs 109 cr loss for Q4 Aditya Birla Fashion and Retail (ABFRL), formerly known as Pantaloons Fashion, today reported a net loss of Rs 109.82 crore on standalone basis. Retail Amazon to expand e-grocery biz, take on Grofers, BigBasket Now was in the pilot phase and was called Kirana Now for a year. Amazon tied up with neighbourhood grocers and listed the products and the shops on its platform, and delivered orders within two hours in Bangalore's neighbourhood. In March, it formally ... Retail Snapdeal drops contentious clause in sellers' contract The provision had authorised it to “discover and display” prices payable by the buyer based on “competitive pricing prevalent in the market.” Retail Consumers now turn to 'healthier' bread alternatives “On an average, of the number of breads we sell, 50% is white bread, 35% is wheat and the rest 15% is multigrain,” said Mukesh Singh, founder of ZopNow. Sports 15 of the greatest sports quotes of all time “If you have everything under control, you aren’t moving fast enough.” Sports French Open 2016: Sania Mirza, Rohan Bopanna, Leander Paes book second round berths Sania Mirza and Martina Hingis face the winners of the match between the pairs of Karin Knapp/Mandy Minella and Nao Hibino/Eri Hozumi. Sports Euro 2016: Spain need the spine to reign again No-one will be keener to prove the doubters wrong than Vicente Del Bosque in what looks to be his last hurrah as Spain's coach. Sports Switzerland midfielder Granit Xhaka agrees to join Arsenal Granit Xhaka is known for an aggressive style of play which has landed him in trouble, with three red cards last season. Entertainment Lauren Gottlieb to take special dance classes for underprivileged girls Lauren Gottlieb will use her her craft to bring smiles to the faces of a group of underprivileged girls in Mumbai. Entertainment Akshay Kumar’s Housefull 3 to release over 3,500 plus screens across India Housefull 3 will be releasing over 3,500 plus screens across India, which will prove to be lucky in cashing in on the revenues at the box office. Entertainment HBO accidentally leaked Game of Thrones episode The Door "The Door", the latest heartbreaking episodes of popular series "Game of Thrones", was accidently released early by HBO. Entertainment I never yearn for stardom: Simbu Simbu credits his upbringing for the attitude towards his career and life. Telecom TRAI reviews regulatory framework of broadcasting sector The Indian telecom regulator on Wednesday initiated a comprehensive review of the existing regulatory framework governing the Broadcasting and Cable Services sector.   Telecom Huawei sues Samsung over patent infringements Huawei Technologies Co Ltd said it has sued Samsung Electronics Co Ltd claiming infringement of smartphone patents, the Chinese firm's first intellectual property challenge against the world's top mobile maker.​ Telecom Consultation paper on internet telephony in a month: Trai There has been a debate in the industry over the framework for calls being made using the internet through various mobile applications. Telecom Reliance Jio extends unlimited 4G preview program, may open its network for everyone The 4G operator may soon ditch the referral system for buying Reliance Jio 4G SIM. Politics Xenophobia won BJP Assam, but ahead of UP polls, it’s time for new election rhetoric With elections in Uttar Pradesh on the anvil, it could soon be a season of a different brand of vows BJP — in Rama's name. Politics Pinarayi Vijayan to become CM: Is he the leader for whom Kerala was waiting? As Pinarayi Vijayan swears in as the new Chief Minister of Kerala on Wednesday, there is a lot of optimism in the air. Politics A Lone Soldier in the Field: An Excerpt From Rana Ayyub’s “Gujarat Files: Anatomy of a Cover Up” Ayyub spent eight months undercover in Gujarat, speaking to bureaucrats and police officials that held pivotal positions in the state between 2000 and 2010. Politics West Bengal Assembly: Muslim candidates from TMC and Congress increase, Left’s share plunges by half The Communist Party of India-Marxist (CPM) had 13 Muslim lawmakers in 2011. Now it has only eight. Franchise Franchisee Journey: From underdog to All-American hurdler to successful lawncare franchisee Like the lawns and landscapes he cares for, Justin Rush can withstand rough patches. Franchise Wanna master your own destiny with franchising or stay addicted to a salaried job? Digital Infosys gives out excessive package to CEO Vishal Sikka. Why it is 'no more a Murthy company' Vishal Sikka recently got a ₹49-crore compensation package, despite disapproval of some board members Digital With 2 major deals in China and multiple small investments in India, fintech investments in Asia grew 5-fold to $2.6 billion in Q1: Report Digital Arvind Internet to invest Rs 67 crore in its digital business NNNow.com Arvind also expects to double its revenues by 2020 to become a $1 billion (around Rs 6,700 crore) company. Digital Zomato losses soar in FY16, even as revenue doubles In February, Zomato had claimed to have achieved operational break even in 6 countries including India, UAE, Philippines, Indonesia. HR Workforce Solutions Expert ManpowerGroup Touches Down in New Delhi to Attend World Employment Conference 2016 MILWAUKEE, May 25, 2016 /PRNewswire/ -- A ManpowerGroup (NYSE: MAN) delegation today attends the 49th World... HR India Approves Capital Goods Policy, Aims To Create 21 Million Jobs The policy envisages increasing the share of domestic production in India's capital goods demand from 60 per cent to 80 per cent by 2025, , manufacturing, capital goods, industries, employment, make in india HR Royal Dutch Shell says to axe further 2200 jobs London, May 25, 2016 (AFP) -Energy giant Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs owing to low oil prices and following its takeover of smaller rival BG Group. HR India Reserve Battalion Recruitment 2016: Apply before June 10 All the candidates can now apply for various Constable and LDC post at Administration of Dam and Diu and Dadra and Nagar Haveli (Indian Reserve Battalion). Logistics L&T beats street outlook with 19% growth in March quarter net The company had clocked a net profit of Rs 2,069.64 crore in the corresponding quarter of 2014-15, it said in a BSE filing.   Logistics If your Rajdhani ticket not confirmed, book on Air India, fares charged will be the same as the AC class which the passenger was trying to book for on train National carrier Air India has embarked on a new flight of reconstruction, improving customer satisfaction and charting new routes to connect India domestically as well as internationally. Logistics GoAir, India's fifth largest airline, continues generic growth rather than adding new routes Despite no new routes since November 2014 and none planned, GoAir is expected to grow its ASKs by 11% in 2016. Logistics Public buses with panic buttons, CCTVs and GPS launched by transport ministry In the coming months, buses across the country will be fitted with panic buttons, CCTVs and GPS — an effort to make public transport safer for women in the wake of rising crime and violence against them. Finance With policies like Bankruptcy Bill, Indradhanush plan in place, PSU banks to see growth soon Under the Bankruptcy Act, resolution is time-bound (within 270 days) unlike the current scenario where it takes five to eight years for a case to arrive at a logical conclusion. Finance Startups founded by women get $33 million less venture capital money than men US companies founded by women pulled in an average of $77 million compared with $100 million raised by men Finance Union Bank of India launches product to facilitate stamp duty and registration on property purchases The facility, makes it possible to do the necessary paper work and formalities on line and get the endorsement of the final document at the branch level at one go. Finance Banks still resisting rate cuts as liquidity row with RBI drags on RBI has slashed rates by 150 bps since the start of last year, bringing the policy rate to 6.50%, but the country's banks have cut lending rates by less than half that. Ecommerce Its the season of handshakes at startup Inc with Flipkart & Snapdeal seeking to make strategic purchases Investors and experts tracking India’s rapidly growing startup industry have been predicting a wave of mergers and acquisitions for several months n.. Marketing Get ready for ads on Google Maps : Report Google is redesigning its mobile ad experience, so expect to see a lot more ads in Google Maps. The search giant updated its ads for Google Maps to help businesses Marketing Why slow marketing is going mainstream in the UK : Report After the success of slow food and slow TV, now brands are turning to slow marketing to help remedy our hectic, always-on lives. Marketing Viral Oza to exit Times Of India as Marketing Director : Report Viral Oza is stepping down as Marketing Director Times Of India confirm industry sources.   Marketing Cheil India wins social media duties of UCWeb India The account win did not involve any pitch. Software Why is Apple's technology not cutting-edge for Indian govt? Apple can set up single-brand retail stores in India but it will have to meet the 30% local content sourcing requirement, they said. Software Diageo sets up a captive technology and back office services unit in India : Will bring in 1,100 jobs The world's largest drinks company Diageo is setting up a captive technology and back office services unit in Bengaluru, bringing 1,100 new jobs to India's IT capital. Software Infosys on 'design thinking' treadmill to get its top gear acclimatised with latest technology This would mark the first known instance in India's tech industry where a co is proactively aligning the board with vision of it's top management. Software $214 million is the worth of India’s mobile gaming market Indias mobile gaming market is worth $214 million, and is dominated by arcade*, puzzles and racing games. Construction Venkaiah Naidu says Number of smart cities could cross 100 "It's not necessary that all the nominees from states can qualify. So, there will be room for new cities. If we get more budget once the GST is passed.. Construction Authorities blamed for Dehradun missing Smart City bandwagon The proposal drafted by Dehradun was based on retrofitting of areas like Chakrata Road, Gandhi Park, Saharanpur Road, Yamuna Colony and others, while .. Construction Parsvnath reports profit of Rs 5.93 crore Parsvnath Developers reported a profit of Rs 5.93 crore for the quarter ended March 2016, as against a loss of Rs 140.9 crore in the year-ago period. Construction Indore Development Authority meeting on May 27 likely to witness ruckus The IDA board has proposed a meeting on May 27 to discuss as many as 40 issues, but the sources within the board said that issue of people violating l.. 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