Mar 14, 2017 - Palred Tech raises Rs 22 crore from Florintree, others

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Sree Vijaykumar From the Editor's Desk When people say, convert your passion into your profession, are we really so sure that the best thing to do with passion is attempt to monetize it? Why assume it's easier to turn passion into money than it is to turn money into passion? Why not side hustle for love, and keep the filthy hands of commerce off our art or beloved hobby? What if you don't have a grand passion, anyway? Lots of people don't. Hell, just keeping the lights on is a tall enough order for a vast majority of people. Beyond the basic flaws of a philosophy that urges emotion over practicality, there's a strong, proactive case to be made for choosing a career based on money. More here Advertisers of the day DLF - Crest: Embrace a life made to order a rare opportunity to own your dream home Gartner: New Webinar: Infrastructure and Operations Leadership Vision for 2017   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). Palred Tech raises Rs 22 crore from Florintree, others Palred, which is listed in both NSE and BSE will allot shares to investors on a preferential basis at Rs 145 a piece, diluting roughly about 15% of the equity. Advt: Employee Banking privileges tailored just for you. Zero Balance Savings Account. Free unlimited transactions* at all Bank ATMs (Know More)   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. Savings bank accounts: RBI lifts all restrictions on cash withdrawals The RBI move has come after almost four months since the Prime Minister first announced the withdrawal of high value notes. Protectionist West can have a big impact on India: CEA Arvind Subramanian The CEA also said that it was a "big surprise" that votes are sought in our country for building highways but not for health and education infrastructure. He hoped this changes. Foreign investors may take a refreshed stance on India investments after election results The stock market has seen appreciation in last week. The Sensex closed flatly on Friday. Sensex was up by 0.06% to touch 28,946.23 basis points on Friday. Yellen's claim Fed isn't behind curve challenged by robust hiring data As the Fed prepares to meet next week, a small but growing number of economists are wondering whether the central bank has been tardy in tightening its stance. MyDermacy raises funds from cyber carrier, other investors As part of this transaction, the venture firm has acquired 15-18% equity in the two-year old startup, people familiar with the matter said. Deutsche Bank is struggling to stay alive Since the financial crisis, Deutsche Bank has been raising capital in large waves -$20 billion so far. ICICI Bank records most frauds: RBI As many as 455 fraud cases involving Rs 1 lakh and above were detected in ICICI Bank during April-December 2016, data shows. Some bank bulls grow wary on policy uncertainty Up 32% since the election of Donald Trump, the S&P 500's bank index has outpaced the wider market's gain by roughly 3-to-1. Do we need a Reliance Jio in Indian banking? India’s banking sector needs a Reliance Jio to shake the complacency of the bankers and their habit of taking customers for granted Bitcoin-based pyramid schemes flourishing in regulatory vacuum No monetary authority in the world backs crypto-currency and most are trying to find ways to regulate the market Greenko Group eyes Bhoruka Power’s clean energy portfolio Bhoruka Power’s renewable energy assets are the second acquisition on the radar for Greenko after buying SunEdison’s India assets EESL to raise Rs5,000 crore to fund expansion EESL will also go for listing in a year or two for the next level of expansion, says managing director Saurabh Kumar HyperCity hopes to be back in black in FY18 HyperCity Retail, a subsidiary of Shoppers Stop, expects to post a net profit in FY18 as it is banking on improving its online sales and adding international brands in the food and beverage segment, said chief executive officer Ramesh Menon. Worli's Atria mall pins revival hope on Inox theatre launch Atria mall at Worli opened doors almost 11 years back amidst much hype in 2006 but failed to bring in sufficient returns. Coffee chains eye profitability by shutting loss-making stores Focusing on profitability, coffee chains like Costa Coffee, Cafe Coffee Day and Barista have been shutting loss-making stores. Pioneer of organised retail PK Mohapatra passes away Business leader Pradipta K Mohapatra passed away on Monday at the age of 67. He had b Travel cos: Brick & mortar stores reap profits Most online agencies are used for ticketing, but offline still dominates GST: New rules will have impact on retail chains, restaurants and contractual farming As for traditional farmers, they would not be required to get themselves registered to pay GST. Amazon launches Amazon Pantry in Chennai Customers can shop for over 4,000 everyday essentials from over 250 brands of groceries and household products, Nando's to open 30 outlets in India over 5 years "We want to make this market as big as the UK, which is like a billion plus dollar market," said Nando's Restaurant India CEO, Sumeet Yadav. India planning 5G auction despite operator struggles Keep up-to-date with mobile and telecom networking in emerging markets worldwide. Developing Telecoms has the latest news, case studies, white papers and more. TRAI recommends telecom ombudsman to resolve consumer grievances The telecom regulator TRAI today made a strong pitch for establishment of an ombudsman in the sector and suggested a three-tier mechanism for effective resolution of consumer complaints. Vodafone, Idea Could Merge This Week – Reports Fresh reports suggest a 50:50 merger between India's second- and third-biggest operators is imminent. Herald: War of attrition in India's telecom space Merger was necessitated by launch of Reliance Jio Infocomm The Reliance effect: India's mobile phone price war takes another turn as Idea follows Airtel in 'free calls' offer AV BIRLA Group telco Idea Cellular has announced free incoming calls on domestic roaming and slashed the cost of international roaming value packs. TV Ramachandran: The great Indian debate around mobile tower radiation While doubts should be addressed, punitive action against vested interests needs to be considered BSNL to install 28,000 mobile sites, start 4G in FY18 Oppo F3 and F3 Plus expected to launch on March 23 in India Oppo F3 and F3 Plus smartphones were recently spotted in promotional ads in Philippines. Cos price deos at sub-Rs 100 to expand biz Mumbai: Even as a hundred brands of deodorants skirmish to grab consumer attention, sectoral penetration of deos has been stagnating at 12% levels for the last few years. Amazon launches Amazon Pantry in Chennai Amazon Pantry customers in Chennai can shop for over 4,000 everyday essentials from over 250 brands. First online consumer mediation centre focuses on plaints related to e-commerce Deepika. Great Lakes Institute sets up university in Andhra Pradesh The university will commence its first academic session in August with two courses — a BBA and a B.Tech in computer science. Amazon launches Amazon Pantry in Chennai Amazon Pantry customers in Chennai can shop for over 4,000 everyday essentials from over 250 brands of groceries and household products ShopClues founder couple, Sandeep and Radhika Aggarwal, trades charges Sandeep Aggarwal said that he funded ShopClues with his personal savings for the first eight-nine months before raising $1.95 million from friends. Gujarat's foray into B2B ecommerce gives big push to small units ​​According to a top official from the industry department, the state plans to give a digital push to the SMEs and large organisations from Gujarat via Business to Business (B2B) ecommerce. Flipkart, Facebook team up to make apps lighter for slow networks For more than 220 mn mobile internet users in the country, the need for high quality data network connectivity is among the top challenges that telcos face. Year In Search 2016: 50 percent growth in grooming among Indian males, says Google E-commerce marketplace to lead India on global platform The Siasat Daily The Siasat DailyUS based Amazon has its maximum focus in providing small businesses including kirana stores, pharmacies, mobile retailers, small offices, nursing homes and restaurants a convenient online shopping experience that saves them time and money. It provides ... Networking software maker Citrix seeks buyers, says sources CITRIX-M&A/:Networking software maker Citrix seeks buyers -sources How 3M uses data analytics for India's traffic issues? Global traffic systems provider 3M is using real time data analytics to help commuters in Bangalore and Jaipur for travel safely amidst increasingly c.. Intel to acquire Israeli technology firm Mobileye for $14-$15 billion U.S. chip giant Intel has agreed to buy Israeli technology firm Mobileye for $14-$15 billion, according to TheMarker, an Israeli financial newspaper. Co-founder of online retailer ShopClues accuses his wife for pushing him out A statement issued by Radhika said, “I will not be commenting on any personal matters, however, ShopClues was always a team effort and it has become a force to reckon with. Cyber security firm has detected pre-installed malware on Android based devices that are stealing data Israel-based cyber security firm Check Point has detected a malware that is not downloaded due to users' use but is already present in Android device. Google’s coolest new gadget is not a phone or a speaker, but a $350, smart, connected jacket If there's one thing we've learned this Google I/O, it's to keep a closer eye at ATAP. The name ought to raise curiosity, and stands for Advanced Technology and Projects. It's like Google Labs, but for far more exciting interfaces and hardware technologies. Google hasn't disappointed us this time! Flipkart, Facebook team up to make apps lighter for slow networks For more than 220 mn mobile internet users in the country, the need for high quality data network connectivity is among the top challenges that telcos face. McAfee looking to add more jobs at Bengaluru centre : Plans to ramp up India investment McAfee is looking at adding more jobs at its centre in Bengaluru and will continue to invest in growing local business in India 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