Jan 18, 2017 - Tata-Mistry spat: NCLT order on contempt plea today

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Sree Vijaykumar From the Editor's Desk Artificial Intelligence will not destroy jobs, but create new ones, says Kevin Kelly, founding executive editor of Wired magazine in this TED talk (13 minutes). He argues that intelligence is not uni-dimensional like a musical note; it's much more like a symphony, with lots of different types of intelligence - deductive reasoning, spatial intelligence, emotional intelligence, etc. When we create AI, we will have specific types of AI that enhance human capabilities rather than overpower them. AI will be a utility that will be distributed over the cloud, adding intelligence to everything we do, leading to the 2nd industrial revolution. This revolution will create new categories of jobs that we didn't know we wanted to do before. The full talk here. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). Tata-Mistry spat: NCLT order on contempt plea today Plea seeks to restrain Tata Sons from going ahead with a February meeting of shareholders to eject Cyrus Mistry as a director from its board Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. The Real Deal with Email and What TradeBriefs does right So, here Urjit Patel’s job is to protect the RBI’s reputation, not the Modi government’s RBI governor Urjit Patel should have one and only one concern now: to rebuild trust in the central bank’s competence and independence as quickly as possible Why oil can spoil India’s budget math The entire reduction in India’s fiscal deficit over the past few years can be attributed to the fall in crude oil prices Cash is king for diamond market reeling from Modi’s demonetisation move The diamond industry has been hit hard after India’s demonetisation move in November that created a massive cash crunch Dividend from PSBs might remain elusive Despite the flush of funds in the banking system, state-owned banks might not be able to pay dividend for the current financial year. IDFC Alternatives partners with Parampara Capital to start early-stage fund IDFC Alternatives, the private equity arm of IDFC group, and Parampara Capital, a venture capital firm, have come together to jointly launch the IDFC Parampara Early Stage Opportunities Fund – Series I, aimed at making early-stage investments across sectors. Suresh Prabhu unveils 10-year energy plan for Railways to save Rs41,000 crore Railway minister Suresh Prabhu says that as part of Mission 41k, railway electrification can reduce dependence on imported fuel and rationalize energy cost Over 100 bank employees penalised for malpractices during note ban As investigating agencies probe charges of mismanagement, some employees from state-run lenders have been suspended, others have been transferred. Should banks reinvent themselves as ATMs, plastic money will be redundant? Change is the name of the game in banking. Banks are back to the drawing board as many of the tools they used for nearly two decades are likely to be consigned to the dustbin. Sebi to revamp, tighten stock exchange and trading norms Sebi is revamping trading norms to strengthen its scrutiny of defaulters and mitigate liquidity risks arising out of increased algorithmic trading Amplus plans acquisition of solar power firm Kiran Energy Amplus Energy, through investor I Squared Capital, is interested in the acquisition given the solar power tariffs awarded in some of the PPAs signed by Kiran Energy What is the optimal policy response to demonetisation? A positive demand shock is not the optimal response to a negative supply shock as it will only exacerbate price pressures Fairfax India to buy 51% stake in Saurashtra Freight Saurashtra Freight will use Fairfax India’s $30 million investment to acquire the container freight station business of Saurashtra Infra and Power India represents an extraordinarily good opportunity in long term: Goldman Sachs However, in the immediate future, India could slow down largely on concerns of the effects of demonetisation. But, it is not all that negative, said Goldman. ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 crore In a BSE filing, ICICI Prudential said it has "completed the acquisition and obtained necessary approval from insurance sector regulator Irdai". Most PSU banks to skip dividend payout this fiscal According to analysts, normal banking operation was hit for almost two months due to demonetisation leading to decline in income operation of banks. Practo raises $55 million from China’s Tencent, existing investors The fresh fundraising values healthcare start-up Practo at $600-650 million SBI raises $500 million from dollar bond issue SBI, whose 5-year bond issuance is coming after a gap of nearly a year, received bids worth $2.9 billion What big banks must do to get ahead of the digital curve Social media giants and FinTech companies have the best of the algorithms to do predictive modelling to offer the consumers what they could be looking to buy. Malabar Gold and Diamonds to invest Rs 620 cr, hire 1000 Rajasthan-based Miraj group to invest Rs 100 crore more in multiplexes Miraj Cinemas is present in tier I and II cities including Mumbai, Delhi, Hyderabad, Ahmedabad, Kanpur, Jodhpur, Ajmer. Future Group's Central to stay away from online presence Will expand brick and mortar format in new markets, focus on standalone stores Wal-Mart to add about 10000 retail jobs in the US The world's biggest retailer said Tuesday that there will also be about 24,000 construction jobs as well. Government mulls easing FDI norm for single brand retail There is a proposal to allow 100 per cent Foreign Direct Investment in single brand retail sector "through automatic route" with certain conditions. All you wanted to know about IKEA's much awaited India entry Swedish furniture major IKEA aims to help people beautify their homes through its innovatively designed, stylish home furnishings without costing them a fortune! The brand is all set to open its first Over 7 million Lyf devices sold till date: Reliance Industries Owing to sheer volumes, Lyf has managed to grab and keep the No 5 spot among smartphone brands in India with a 7% share of the market as of September-end. Reliance Retail's Q3 pre-tax profit rises 40% to Rs 333 crore Its turnover jumped by 47.22% to Rs 8,688 cr as against Rs 5,901 cr in the year-ago period Telecom tower companies turn to small cells and fibre networks Small cells are short-range mobile base stations to complement large macro-cell towers. No concessions for Apple, but govt to review mobile manufacturing policy to boost the sector The change in the policy could meet some of the demands that Apple has made apart from benefitting other phone makers as well. Tax breather for foreign investors CBDT circular had raised multiple taxation concerns Intex keen to enter affordable mobile phone space in India Mobile handset-maker Intex Technologies is keen on entering the affordable smartphone segment in India. Here's how you can block nuisance calls on BT Nuisance calls are one of the key reasons we still get frustrated with our phones, but now BT has a new scheme to ensure you never pick up to a robot on the Vodafone launches SuperNet 4G services in Punjab   BSNL to launch 4G services in 2017-18, also to relaunch Rs 498 'Truly Unlimited' plan on Republic Day In a #TalktoBSNLCMD Twitter conversation, Anupam Shrivastava, Chairman of BSNL also revealed plans to launch their 4G services in 2017-18. TRAI Seeks Views on Carbon Footprint Reduction in Telecom Sector   Qualcomm invests $8.5 million in Design in India on Centre's call for innovation Qualcomm will invest $8.5 million (about Rs 56 crore) to expand its design initiatives in the country even as the government said it was looking to bo.. Rugged mobile devices and its future in India Boasting planet earth’s largest young working force, India has been fast thrusting its efforts onto the world economy in order to grab the coveted spot of b.. Trai releases consultation paper on approach towards sustainable telecommunications Telecom Regulatory Authority of India (TRAI) has issued a consultation paper urging mobile operators to go green. TRAI said the CO2 emission level from the Indian mobile telecom sector rose by more than 70 percent over the past two-three years. In 2014-2015, the CO2 emission level accounted for 58.3 million tons and a total of … India's Reliance Jio snags 72.4 million 4G LTE subscribers in just 4 months Mukesh Ambani has started a price war with free data services. While Airtel, Vodafone and Idea struggle, Reliance Jio races towards its target of 100 million subscribers, making... TRAI seeks views on carbon footprint reduction The Authority had received a reference from the Department of Telecommunications in November last year, seeking recommendations on implementation of renewable energy technology (RET) in the telecom sector. India set for slowest growth period as demonetization dents economy Demonetization could see India grow at its slowest pace since at least 2011, according to Societe Generale. Demonitisation will impact consumer spending in short term : United Nations report The demonitisation undertaken in India will have a "significant impact" on consumer spending in the short term but the country's economy will return to the about 7.6-7.7 per cent growth forecast by a flagship UN report. Emami bets big on Rosscare brand Its portfolio includes nebulisers, vaporisers, surgical tape, homecare products, health juices, tea One in three consumers choose brands based on sustainability: Unilever study A new report by industry giant Unilever shows that consumers' belief in the social or environmental welfare of brands hugely affects their purchasing decisions. Right promotions prod thrifty consumers into spending: Nielsen Today however, shoppers are not limiting their enthusiasm to festivals alone but are also making bulk purchases at events created by retailers around national holidays like Republic Day, Labour Day and Independence Day—we are calling them ‘Big Events', a report by market research firm Nielsen says... Paper Boat sails in to the food category The ethnic drinks maker is taking its brand philosophy across multiple categories For the first time, Ramdev's Patanjali gets a rating upgrade For the first time, Patanjali Ayurved, co-founded by yoga guru Ramdev and his deputy, Balkrishna, has got a rating upgrade.ICRA has revised its long-term rating upgrade for the company from the earlier 'A-' to one of 'A+', for Rs 300 crore of Ratan Tata-backed Snapbizz to invest $6 million this year Retail tech start-up will ramp up store acquisitions and hiring Jasper's loss more than doubles to Rs 2960 crore With Flipkart posting a loss of Rs 5,223 crore and Amazon another Rs 3,571crore, the big three of India's online retail space had a combined loss of Rs 11,754 crore in the last fiscal year. You may soon watch movies through Amazon Prime on luxury trains Railways, which sees Rs 18,000-crore revenue potential for these initiatives, has already received a host of proposals from several tech-based cos. Flipkart invests more in parenting social network TinyStep Bangalore-based WeHive Technologies Pvt. Ltd, which runs parenting social network TinyStep, has raised Rs 13.6 crore ($2 million) in a fresh round of funding from its existing investor, e-commerce major Flipkart. The company said it will use the current funds to innovate on its product and expand its services. “We’ve grown as a product, as a team and have learnt to now focus our energies on the new revenue model. Flipkart has been a great partner and supportive of us in all our endeavours,” said Suhail Abidi, the founder of the firm, in the press note. 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