Feb 16, 2017 - India slips to 143 in economic freedom index: US thinktank

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Sree Vijaykumar From the Editor's Desk A DeepMind (Google company) project has been developing an "early warning" app known as Streams using machine learning, which will go into use in the NHS (National Health Service) this year. Streams analyzes patient data and delivers cellphone alerts directly to a doctor or nurse when urgent intervention may be required. Initially it is being trained to detect signs of acute kidney injury (AKI) but could potentially learn to spot many other conditions. Google is not seeing any direct profits from these healthcare partnerships, which may initially seem strange considering it spent more than half a billion dollars on the tools to do these jobs." More 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). India slips to 143 in economic freedom index: US thinktank Putting India in the category of "mostly unfree" economies, the conservative political thinktank said progress on market-oriented reforms has been "uneven". Brightest minds of India Inc. to convene at Retail Leadership Summit 2017 to deliberate on the future course for retail in India Come February 15, and Renaissance Hotel & Convention Centre, Mumbai will be abuzz with activity as the best and brightest minds of retail from across India will come together to chart the way forward for the industry at the Retail Leadership Summit (RLS). To be held on February 15 – 16, RLS is the biggest knowledge sharing platform for the industry organised by the industry, for the industry. Organised by Retailers Association of India (RAI), RLS 2017 will focus on the theme Collaborating to Win the Connected Consumer as Collaboration is the need of the hour, the way ahead for all. Speakers at the event include industry leaders such as BS Nagesh, Founder TRRAIN & Chairman RAI; Dr A Velumani, Creator & MD, Thyrocare; Govind Shrikhande, MD, Shoppers Stop, Hari Menon, Co-founder & CEO, Bigbasket.com; Vijay Shekhar Sharma, Founder & CEO, Paytm among others. To know more,click here   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. Cash withdrawal rules: Where we stand, 100 days after demonetisation Here are the RBI rules on cash withdrawal limits from ATMs and bank accounts as of 16 February Tata Steel confirms UK workers have voted in favour of pension proposal The formal pension consultation is expected to conclude in the coming days, Tata Steel said in a BSE filing $25m to $400m: SAIF Partners exits MakeMyTrip, makes 16 times on its investment Among the online travel agency's pre-IPO VC backers, SAIF was the first to invest and is last to exit. Narendra Modi-led Cabinet clears State Bank of India, associates merger; Bharatiya Mahila Bank case hangs in balance The Cabinet on Wednesday approved the merger of five associate banks with State Bank of India (SBI), paving the way for the first such wide-scale consolidation exercise to create a banking behemoth. Founder tantrums at Infosys: Is the ordeal over? Infosys founders’ demand for changing the board led by Vishal Sikka and R. Seshasayee due to ‘trust being broken’ is an extreme case of hubris SBI’s Arundhati Bhattacharya says more clarity needed on debt restructuring norms SBI’s request on debt restructuring norms comes at a time the when resolution of stressed assets are getting stuck because banks are unwilling to take large losses Sebi may tighten norms on ‘non-compete’ fees Sebi is looking at plugging a loophole in its Takeover Code that prevents minority investors from getting a share of non-compete fees paid in some M&A deals Payments start-up Payism aiming to raise $25 million Payism plans to use the funds to roll out PoS machines, expand its retail presence, forge new tie-ups with services and product providers and expand its team ICICI Ventures raises $350 million for fourth sector-agnostic fund ICICI Venture is in talks to raise additional money, final close for the fund scheduled for September-end 'Banks will need Rs 91000-cr capital in the next 2 years' Out of the total requirement, Rs 20,000 crore of residual tranches from the government’s ‘Indradhanush’ programme. Warburg negotiates to buy up to 40 per cent stake for Rs 2,300 crore of Tata Tech “It will be interesting to see if Tatas give a revenue commitment for the future. The worry is the industry still looks at the company as a quasi-captive unit.” India, Croatia ink pact to boost economic ties India and Croatia have signed an agreement to boost bilateral trade and enhance econom Bankers seek dispensation from regulator to recast of bad loans RBI report on restructured loans says that stressed loans and total bad loans have touched 12.5% of the loan book. Dalian Wanda seeks relaxations for India business The Chinese real estate major is also seeking permission to sell plots that are underdeveloped or only partially developed in its proposed industrial park in Haryana. A global portfolio for global times What asset classes other than listed equities are promising for the Indian HNIs? Gap between small large PSU banks will widen: India Ratings Large public sector banks have better access to growth capital, better market valuation, and also some non-core assets to divest holding them in good stead to their smaller counterparts. Banks fight to win $40-million worth advisory role in Vodafone India merger That is about 10% of the total investment banking fee pool last year in India This is how India can reduce the size of its black economy '[Black money] is gonna return to the same amount... There are loopholes. In India, there is a loophole for everything.' Five ratios that show banks still in deep troubles Five ratios that indicate that banks still have a long way to go to put their house in order Blackstone's PE business co-head Mathew Cyriac quits to start own venture Cyriac, senior managing director and partner, decided to leave the firm after more than a decade to launch a new fund and to become what could be called a ‘friendly activist investor’ in Indian public equities. Google in buyout talks with Indian startups and VC firms The world's largest internet company is planning to directly invest in or acquire startups that cater to whom it refers to as next billion internet users. Amazon to open food-only outlets along with an online platform to sell locally produced items Amazons application has come as a relief for govt whose high-decibel campaign to attract global retailers and manufacturers was otherwise was flopping. MobiKwik eyes $400-million GMV from food sector in 2017 Mobile wallet company MobiKwik said on Wednesday it expects the gross merchandise volu Future Group targets to achieve Rs 1 lakh cr revenue by 2021 For the past few years now Future Group has been working on enhancing its analytics capability. Future Group had formulated a strategy called 'One by .. Xiaomi waiting for single brand retail license from Government The single-brand store will be part of the company's marketing strategy to increase offline foothold, with 30% market share online. Xiaomi to soon procure license to operate own outlets in India Chinese mobile handset manufacturer Xiaomi is likely to soon procure licence to operate its own branded outlets in India, as part of its effort to increase its offline ...sp; Plans to open around 40 Balance stores in next two years: Rohit Bal Ace designer Rohit Bal, who has a history of 25 years in the fashion industry, is on expansion spree as he plans to open around 40 stores of his label Balance in next two years. Aditya Birla Nuvo reports 56.79 pc decline in consolidated net profit to Rs 305.15 crore in Q1 Diversified company Aditya Birla Nuvo today reported 56.79 per cent decline in consolidated net profit to Rs 305.15 crore in the first quarter ended on June 30, 2016.According to a PTI report: The Spencer's expects Rs 300 cr revenue from new apparel brand in 4 years Unveiling the new brand '2Bme' for apparels, the Spencer's Retail Limited, a part of the Rs 19,000 crore RP-Sanjiv Goenka Group, expects to garner Rs 300 crore revenue from the brand in the next four With IndiaQR launch, retail payments to get digital edge RBI will launch IndiaQR on February 20, and 5-8 banks will go live in the first phase, people close to the development said. Mobile-handset Makers Rejoice! #5 Prospects Once Apple Begins Making in India 'Local factories for components can work wonders such that companies don't need to depend on China for imports.' Chinese mobile handset manufacturer Xiaomi to soon procure license to operate own outlets in India Chinese mobile handset manufacturer Xiaomi is likely to soon procure licence to operate its own branded outlets in India, as part of its effort to increase its offline distribution in coming years, company's top executive said here today. Data is the new oil, Jio stands for affordability: Mukesh Ambani Ambani said Aadhaar has enabled Reliance Jio to have millions of customers within few months. Nokia's iconic 3310 to relaunch? 5 Nokia phones that shaped the mobile industry In case you need a refresher, here's a look back at some of the hit Nokia phones that shaped an entire industry. Telecom mergers: Hello goodbye: Multi-billion dollar telecom ... Any layoffs may take about 12-18 months. The merged entity will have to first ensure that distributors maintain the network and operators continue to expand. Vodafone-Idea merger: Telecom companies may call for easing spectrum caps If Indias 2nd and 3rd-largest telcos do decide to merge, the resultant entity would need to surrender a significant amount of spectrum under the current rules. Beverage plan to stay afloat United Breweries Limited (UBL) will pump in Rs 304 crore to produce non-alcoholic beverages and energy drinks in its beer manufacturing unit at Naubatpur in Patna district to salvage it. Consumer goods firms see a sales revival in March quarter Most consumer goods firms, including Nestle, Hindustan Unilever and Dabur, are optimistic about sales growth in March quarter as the economy returns to normal after demonetisation Big booster shot for Baba Ramdev's Patanjali Ayurved, BSF jawans now to use FMCG firm's products After yoga skills, BSF troops will use products prepared by Baba Ramdev-promoted 'Patanjali' FMCG brand as the border guarding force is set to open over a dozen such stores in its campuses across the country. Nestle India Q4 net profit down 8.6% to Rs 167.31 crore New Delhi, Feb 15 (PTI) FMCG major Nestle India today reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the fourth quarter ended December 2016, hit by higher tax expense and demonetisation that impacted its domestic sales. CavinKare's premium Nyle Naturals Shampoo now in a brand new Avatar Nyle Naturals, the premium shampoo range from the house of FMCG major, CavinKare has announced its re-launch and its brand new outlook, which truly stands out from the clutter. HUL, Amazon India and P G were the top three advertisers of 2016: Pitch Madison Report The ad industry suffered a loss of Rs. 1,650 crore in November-December on account of demonetisation bringing down the overall growth to 12.5% in 2016 Demonetization slows down campus hiring: an unbending blow to Indian technology firms Several packaged consumer goods companies have restrained from campus hiring after the government the ban on high-value notes. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief 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